Originally Posted by Peter Gibbons:
Amen to that, brother. I am way too risk adverse to have the courage to do what you are doing. I'll keep rooting for you at a distance though.
To be honest with you, it’s money I had earmarked for my kids to give to them before I passed on.
I decided that this was an opportunity to get a lot of money to buy a very nice house with beach access & acreage in Maui, where I would live until I died & then will it to the kids to use as a vacation place & have my ashes spread out on the beach so they could always remember me when they were there.
Sorta my legacy to future generations. Ego driven? Probably…but I know the kids would love it & I would love it while I can. [Reply]
Originally Posted by KChiefs1:
To be honest with you, it’s money I had earmarked for my kids to give to them before I passed on.
I decided that this was an opportunity to get a lot of money to buy a very nice house with beach access & acreage in Maui, where I would live until I died & then will it to the kids to use as a vacation place & have my ashes spread out on the beach so they could always remember me when they were there.
Sorta my legacy to future generations. Ego driven? Probably…but I know the kids would love it & I would love it while I can.
It’s a beautiful plan and I love the generational caretaking mentality!
I may need my kids sneak onto the property to spread my ashes in the cover of darkness once I pass on as I will not be a Maui land owner. Let me know the address and whether or not firearms are on the property so I can give my heirs the appropriate warnings in my will. :-) [Reply]
Originally Posted by lewdog:
DaFace, this is for you!
My 401k is in the following funds. I recommend index funds for 401k's since generally the expense ratios are super low. It really depends on what your company offers. The company I was with before this had absolutely crap fund options, all mutual funds and very expensive. I was so happy when the new company had tons of Vanguard options.
Vanguard 500 Index Fund - Admiral Class (awesome fund if you have access)
Vanguard Mid-Cap Index Fund - Admiral Class
Vanguard Small Cap Index Fund - Admiral Class
American Century Emerging Markets Fund - Class R6
Expense ratios of .04, .05, .05 and .91 respectively. I am invested 70% in the 500 index and 10% in the rest.
5 year rate of return on these funds is 16.26, 14.60, 14.97, 6.91. I have seen others discuss possibly dropping international exposure as it appears it lags US stocks for decades now for many funds when dollar cost averaging.
100% equities for me given that I am 35. I am not pulling for a market downturn but it would benefit me long term to see a very strong downward move where I just keep investing in these passive funds (maybe even more so).
I have T Rowe Price for my ROTH IRA and they are a bit more expensive for actively managed funds. But many have done very well and I can diversify a bit with 2 funds I like from them, one being a communication/tech fund and one being health sciences.
Expense ratios for the 5 actively managed I have with them range from .68 to .80. Their 5 year rate of returns have been better than my 401k, however. 24.08, 25.89, 20.48, 18.46, 15.05.
Just acknowledging that I have seen this and will respond once I'm not on my phone in a few days. :-) [Reply]
Originally Posted by Peter Gibbons:
VOO is another that I like as well.
Definitely a good one. Wait, is that a meme stock?!?!
Originally Posted by Hog's Gone Fishin:
Thanks, I swing trade 5 shares of TSLA in my daughters account and can grab about $300 every two to three weeks so I'll start adding that to her portfolio. Thanks again!
VOO is another good choice as mentioned. Compare the 2 and see which one meets to goal/need. [Reply]
Originally Posted by lewdog:
Definitely a good one. Wait, is that a meme stock?!?!.
It is definitely not a rocket ship to the moon. It’s more of a piece of tissue paper in a mild breeze with a slow but steady uplift. It may even clear a small tree over time with its steady altitude gains.
In all fairness, I own VTI and VOO. I am kinda boring with my main investments. Yet, I get all the “excitement” that I want with my 10 year stock options from my company that total about 1/3 of my compensation. At any given time, I have WAY too much tied up in the performance of a single company stock for my taste. I never knew what bile tasted liked until I started accruing lots of options over time lol. [Reply]
Originally Posted by Peter Gibbons:
It’s a beautiful plan and I love the generational caretaking mentality!
I may need my kids sneak onto the property to spread my ashes in the cover of darkness once I pass on as I will not be a Maui land owner. Let me know the address and whether or not firearms are on the property so I can give my heirs the appropriate warnings in my will. :-)
Knowing my kids, there will be plenty of firearms involved. Once I hopefully buy it, I will provide the address here with pictures. [Reply]
Originally Posted by Halfcan:
So a complete sell-off with just the slightest bad news is logical to you?
3 times a week?
Companies with solid earnings are tanking while pos companies with no earnings are skyrocketing.
A selloff is the Nasdaq and SP down .72 and .86 in a day? That's not a selloff after 10 of 13 prior green days.
What companies? AAPL and AMZN are rocketing as are many other large tech and good companies.
You must have missed my post on the S&P and it's recent all-time high and all the recent green days and all indexes being extended. The trend is still very bullish but again NOT LINEAR.
Are you just expecting weekly all-time highs? [Reply]
Originally Posted by lewdog:
A selloff is the Nasdaq and SP down .72 and .86 in a day? That's not a selloff after 10 of 13 prior green days.
What companies? AAPL and AMZN are rocketing as are many other large tech and good companies.
You must have missed my post on the S&P and it's recent all-time high and all the recent green days and all indexes being extended. The trend is still very bullish but again NOT LINEAR.
Are you just expecting weekly all-time highs?
My accounts have not been Green 10-13 days which includes AAPL which was also down today.
And I agree- Nasdaq is over-inflated right now because of pos Meme stocks. Congrats if this market activity makes sense to you. It looks like a house of cards that will be taking good companies that I invest in with it.
My new strategy is to just invest and not look at it every day. :-) [Reply]
Originally Posted by Halfcan:
My accounts have not been Green 10-13 days which includes AAPL which was also down today.
And I agree- Nasdaq is over-inflated right now because of pos Meme stocks. Congrats if this market activity makes sense to you. It looks like a house of cards that will be taking good companies that I invest in with it.
My new strategy is to just invest and not look at it every day. :-)
Seems like you're looking for someone to blame but the easy answer here is.....it's you.
If the markets are green 10/13 days and indexes are setting all-time highs, than it's you that's the problem. This is why 90%+ of investors are better off buying index funds and holding rather than individual stocks. Individual stocks are riskier because the market is NOT rational. Stocks have great earnings all the time and end up selling off. I make it a point to NEVER own a stock in my trading account through earnings because the market/stocks aren't rational.
If you are using an actual strategy to buy and sell, you won't get caught holding dogs. But most people convince themselves that whatever stock they purchased SHOULD go up. You're doing just that in your post here. Please, don't do that.
The month of June was amazing for me in my trading account. If what you are doing is losing money on heavily trending bull markets, you only have yourself to blame.
Mind sharing what companies you own that are dogging you? [Reply]
