Now look, it's because when my dad passed, the pension and/or life insurance (i don't remember at this point) from his state trooper job was put into an IRA and I needed it to be managed and I sure as hell wasn't going to do that while in middle school and neither was my mom. I just continue to use them for my own Roth IRA that I contribute to.
Same reason I can afford a Porsche; I'm living in my dad's old house so I have no rent or mortgage to pay for. Otherwise, I'd be getting like a Miata or Mazda 3 or something instead.
Same reason I can afford a Porsche; I'm living in my dad's old house so I have no rent or mortgage to pay for. Otherwise, I'd be getting like a Miata or Mazda 3 or something instead.
By Smokey Go To Postdamnit Kibnerdo i need to put back my old tag? :(
By Kibner Go To PostI'm just a simple software developer from a simple country town.
Has anyone looked into long term care insurance or investment options? My parents are in their 50s and in reasonably good health, but it's something in the back of my head given they aren't well off financially.
One of the toughest years for financial markets in half a century got appreciably worse Tuesday, with simmering weakness across assets boiling over to leave investors with virtually nowhere to hide.
Stocks buckled for a second day, sending the S&P 500 careening toward a correction. Oil plumbed depths last seen a year ago, while credit markets -- recently impervious -- showed signs of shaking apart. Bitcoin is in a freefall, while traditional havens like Treasuries, gold and the yen stood still.
Behind the harmonizing losses is dread for the future. Corporate earnings, the fuel for the longest bull market ever recorded in U.S. stocks, appear to have peaked, and President Donald Trump’s trade war shows no sign of abating. As grim as the message from markets has been, Jay Powell’s Federal Reserve shows no sign of easing back on the interest rate hikes that create nightmares for holders of some $5 trillion in corporate bonds that have been sold by S&P 500 companies in the past decade.https://www.bloomberg.com/news/articles/2018-11-20/worst-day-of-an-awful-year-leaves-no-corner-of-market-unscathed?srnd=premium
thisisfine.jpg
By reilo Go To PostWho is Jay Powell?Jerome Powell? The Fed Chair.
Oh right, I know who he is, but barely know anything about him. Why does he think recessions are good?
I’m kidding, I don’t think he thinks recessions are “good”, but from what I’ve seen of him I think he’s perfectly happy to keep raising rates and if a recession happens now he’s fine with the trade off if it prevents a worse one down the line
It was the latest in a string of volatile trading sessions that has left investors limping through the last weeks of 2018. Since stocks reached a record high in September, the market has been buffeted by a range of concerns, from signs that the trade war between China and the United States is beginning to weigh on global growth to worries that higher interest rates will eat into corporate profits.
It made for a shaky day in the markets. Crude oil dove. Corporate bonds were lower. Stocks dropped almost across the board, with shares of tech, health care and small companies as well as blue-chip corporations all lower.
When the dust had cleared, the S&P 500 was down 2.1 for the day and 4.8 percent for the year. Should the market fail to recover, 2018 would be Wall Street’s worst year since the financial crisis a decade ago.
This year’s sell-off is nothing like the collapse of stocks a decade ago, when the S&P 500 fell more than 38 percent. But in its own way, 2018 is emerging as a remarkable year for financial markets, with almost every type of investment and asset class — stocks, bonds, commodities, even safe Treasuries — posting negative or minuscule returns.https://www.nytimes.com/2018/12/17/business/stock-markets-wall-street.html
noice
I find myself looking at Dow Jones' history sometimes. The last few years have been amazingly volatile.
By HasphatsAnts Go To Postdown 13% on the year lmaoooooo
How in the blazes did you manage that. S&P is down just 1.5% YTD.
Edit: Nevermind. The new Google Finance sucks.
By Pac-12 Go To PostMore good news today for discount shoppers. Stocks are running a nice sale right now.Oh we haven't hit bottom yet m8. 2019 will be a bloodbath.
By Lunatic Go To PostOh we haven't hit bottom yet m8. 2019 will be a bloodbath.
Even better!
By FermentedFungi Go To PostDon't know if I should buy in now or wait for the eventual crash.
Yes.
Much much older friend of mine owns a home in NOVA and considering retirement soon (in her 60's). With news of Amazon on the way, and with current market trends....she might be sacrificing a boat load of cash if she doesn't delay her retirement by like...a decade.
yikes
yikes
Now, technology companies are dragging stocks into an ominous territory that investors have not seen in nearly a decade: a severe decline known as a bear market.https://www.nytimes.com/2018/12/21/business/nasdaq-stocks-bear-market.html
The Nasdaq index — Wall Street’s most technology heavy major benchmark — closed on Friday down more than 20 percent from its August peak, meaning it has officially entered a bear market. The S&P 500 and Dow Jones industrial average, both of which also include the biggest tech companies, are not far behind.
The Nasdaq is not the only the part of the market in such distress. The Russell 2000 index, which tracks shares of smaller companies, entered a bear market earlier this week. Seven of the S&P 500’s 11 industrial sectors are also at the level, led by energy stocks, which are down 28 percent from their highs earlier this year. That’s in large part because crude oil has been in a bear market since November.
Bear markets in stocks are rare but have the power to spread gloom through the economy. In the last 20 years, there have only been two — one that began with the financial crisis in 2007, and the other that started with the dot-com bust in 2000. Market downturns can gather steam even without strong evidence that economic and corporate fundamentals are weakening.
Crazy that in the space of a couple months Amazon and Apple have lost a combined 600 billion in market cap.
The trade war, and its potential to erode corporate profits and slow the economy, has ranked high among investors’ concerns this year, and any indication that tension was ratcheting higher or easing served as a catalyst for swings in stock indexes. The latest was a tweet on Saturday from President Trump in which he said “big progress” was being made in talks between the United States and China.
December will end up being the stock markets’ worst month since the financial crisis, with the S&P 500 down more than 9 percent.https://www.nytimes.com/2018/12/31/business/stock-market-2018.html
For the year, the index is on track to be down almost 7 percent. It isn’t just the trade war that has weighed markets down in 2018. Though the United States economy has remained relatively healthy, China, Japan and Germany have all shown signs of slowing lately. And investors are wary that rising interest rates could erode profits, in particular after companies borrowed heavily because the cost of debt was so low.
What a rough few weeks. Profit for the year basically wiped out, looks like I'll end the year with... exactly the money I had invested.
Big change from June when I was up 43%.
Big change from June when I was up 43%.
By Mangoverboard Go To PostWhat a rough few weeks. Profit for the year basically wiped out, looks like I'll end the year with… exactly the money I had invested.
Big change from June when I was up 43%.
Wat
By Smokey Go To PostWatI was only invested in 5 companies at the time and some quarterly earnings went well, quickly dropped off.
Should have had that limit order in place m8. Can't say I blame you with most news organisations constantly saying that everything is fine and nothing to worry about.
Everything is fine and there's nothing to worry about.
Index invest for the long haul, people. This trying to pick winners and losers over the short term is a fools' errand.
Index invest for the long haul, people. This trying to pick winners and losers over the short term is a fools' errand.
By Lunatic Go To PostIt's not fine if you could have gotten out before losing so much value. Cash is king.
But who are you going to listen to? Most "experts" get this shit wrong. People have, without fail, called for a market drop for the past several years. Eventually, someone is going to time it right, but that doesn't mean they were any more right than a broken clock.
Long haul. Daily ups and downs should not impact you.
Ah, I'm basically just a hobbyist and only use spare cash to invest so I'm not in a place right now where I'm bothered placing limit orders or anything like that. I only buy companies I use/like so I'm happy enough to ride the ups and downs. Just a little annoying to see everything that had been made over the year wiped out in a few bad weeks.
By Pac-12 Go To PostBut who are you going to listen to? Most "experts" get this shit wrong. People have, without fail, called for a market drop for the past several years. Eventually, someone is going to time it right, but that doesn't mean they were any more right than a broken clock.Setting up limit orders isn't exactly active trading.
Long haul. Daily ups and downs should not impact you.
it's just good practise to put a stop loss in place
but really it's not a big deal, if you're gonna invest you gotta have the maturity to accept your portfolio can drop like this, just invest regularly and keep an eye on the long term and you'll do great
but really it's not a big deal, if you're gonna invest you gotta have the maturity to accept your portfolio can drop like this, just invest regularly and keep an eye on the long term and you'll do great
Soooo, debating whether to start pouring money into a few Vanguard funds now or wait a bit for any more potential market dips and buy lower. But not sure if that will happen.
My current targets, in priority:
VTI, BLV, VFINX, VGT
My current targets, in priority:
VTI, BLV, VFINX, VGT
Well it depends on your time horizon. You could buy now and make some money on rally to come after government shutdown ends. A lot of the buying recently had been a direct result of this.
Max your Roth and 401k early and often. If you have room to do side investing after that, awesome. Diversification through broad index funds (doesn't take many!), not buying a lot of funds (that end up overlapping). Don't panic.
And quit your job if their 401k plan sucks due to high expenses and otherwise poor fund selections.
That's for 30. As for 3, uh, I've got nothing.
And quit your job if their 401k plan sucks due to high expenses and otherwise poor fund selections.
That's for 30. As for 3, uh, I've got nothing.
By Smokey Go To PostI need to hit millionaire status in the next 30 years.If you want to be a millionaire then you have to start your own business. Much easier that way than to be working for someone else.
Ay yo Randolph, gimme the juice
By Pac-12 Go To PostMax your Roth and 401k early and often. If you have room to do side investing after that, awesome. Diversification through broad index funds (doesn't take many!), not buying a lot of funds (that end up overlapping). Don't panic.
And quit your job if their 401k plan sucks due to high expenses and otherwise poor fund selections.
That's for 30. As for 3, uh, I've got nothing.
The 401k stuff I'm good with. I'm not maxing it out because, I have a family, but eventually . It's outside of work plans where I need to level up.
By Lunatic Go To PostIf you want to be a millionaire then you have to start your own business. Much easier that way than to be working for someone else.
Of course. I always have ideas. I had a tremendous one that I talked with Reilo about months ago, and now I see it all over the TV in commercials and ads smh
By Pac-12 Go To PostMax your Roth and 401k early and often. If you have room to do side investing after that, awesome. Diversification through broad index funds (doesn't take many!), not buying a lot of funds (that end up overlapping). Don't panic.Are my target funds broad enough?
And quit your job if their 401k plan sucks due to high expenses and otherwise poor fund selections.
That's for 30. As for 3, uh, I've got nothing.
By reilo Go To PostAre my target funds broad enough?
Of the ones you listed in the prior post, VTI and BLV are good picks (though I wouldn't put much into BLV if you're young).
Skip VFINX, it overlaps with VTI considerably (VTI is total market, which is about ~75% S&P 500), and VFINX is S&P 500. Just roll those dollars into VTI and keep it simple.
VGT is an Info Tech ETF, which is a sector bet. I'd be a hypocrite to say to completely avoid it, but you want to keep your exposure low. I hold Nasdaq 100, which isn't a sector bet per se but is certainly not the broadest of funds, but I keep it low. On the other hand, you may have meant VGTSX, which is a international stock fund, which would be good to hold.
Good stuff, thanks! And yea I meant VGT as a more of a segment bet, with the idea in mind that technology truly will never falter but maybe this past year has proven otherwise. VGTSX looks good but that expense ratio is pretty high.
I like your thinking. 0.17% is not the worst, but if that's what you consider high, you're in good shape. But it also has a ETF counterpart with a lower ratio. VXUS (0.11%).
Both of which are higher than (good) domestic index funds, certainly, but I don't know if you'll find better for international. (Though, if you do, let me know.)
Both of which are higher than (good) domestic index funds, certainly, but I don't know if you'll find better for international. (Though, if you do, let me know.)
By Pac-12 Go To PostI like your thinking. 0.17% is not the worst, but if that's what you consider high, you're in good shape. But it also has a ETF counterpart with a lower ratio. VXUS (0.11%).
Both of which are higher than (good) domestic index funds, certainly, but I don't know if you'll find better for international. (Though, if you do, let me know.)
What are good Fidelity choices?