Originally Posted by MTG#10:
If a bear market happens, yes I'm fucked. Otherwise I'll be fine...I hope. I can't really complain too much though, I still have a LOT more in my portfolios than I've put in. Once AMC goes parabolic I'll laugh at months like this.
Not just a bear market.
I think you’re underestimating the amount some of the speculative/growth stocks you’re in will drop on a 10% correction of the index. Talking 25%+.
Care to share how far from 74% your account has fallen? [Reply]
I dont typically put too much into TA, I've always kind of thought of it as the same as reading tea leaves but this helps my confirmation bias. Lew, what do you think of this? [Reply]
Originally Posted by lewdog:
Woof. You gave away half your gains.
Thanks for being honest. Honestly I’m just trying to help and want you and others to succeed.
That number is misleading though because I've taken gains from my Fidelity account twice. The 40% is what they're currently at, not sure how it figures when you withdrawal gains.
I've also made some good money from UWMC dividends that isn't figured in. [Reply]
Originally Posted by lewdog:
I’m still one of the only ones who posts shit while they do it. I was 90% cash by Thursday and 100% cash by Friday close. Still trying to show this thread you actually need to follow a system of guidelines.
Well, I went 100% out of everything last Thursday also. I was also planning on putting a nice chunk of change into a new vanguard account last week also, but just didn't feel it was the right time. I might do that later on this week.
I already have a Vanguard account that is comprised mostly of their etf's, but was thinking of opening another account just for mutual funds. The reason being, I can have a regular withdrawal into the new fund. I want to have it automatically drop 100 each friday into the account. I've read around and vanguard says that only mutual funds can have automatic deposits on a regular basis. Does anyone else do this? The wife and I both have 401k's through our work, I am just looking for something else that doesn't require me to remember to move money in and out of different accounts. [Reply]
Originally Posted by rydogg58:
Well, I went 100% out of everything last Thursday also. I was also planning on putting a nice chunk of change into a new vanguard account last week also, but just didn't feel it was the right time. I might do that later on this week.
I already have a Vanguard account that is comprised mostly of their etf's, but was thinking of opening another account just for mutual funds. The reason being, I can have a regular withdrawal into the new fund. I want to have it automatically drop 100 each friday into the account. I've read around and vanguard says that only mutual funds can have automatic deposits on a regular basis. Does anyone else do this? The wife and I both have 401k's through our work, I am just looking for something else that doesn't require me to remember to move money in and out of different accounts.
Yup. That’s how I deposit into my ROTH IRA. Monthly automatic deposits into various mutual funds. Set and forget! [Reply]
Originally Posted by lewdog:
Yup. That’s how I deposit into my ROTH IRA. Monthly automatic deposits into various mutual funds. Set and forget!
Can you do it on a weekly basis also? I guess it doesn't really matter, it's just that my wife and I are on opposite pay dates so doing it on a weekly scale would nab a little from both checks. [Reply]
Originally Posted by rydogg58:
Can you do it on a weekly basis also? I guess it doesn't really matter, it's just that my wife and I are on opposite pay dates so doing it on a weekly scale would nab a little from both checks.
I think the most I can do is twice per month.
I just prefer once a month for budget tracking. [Reply]
Originally Posted by crispystl:
You just love to see retail traders lose don't you?
There's a huge difference between your average retail investor and people who are essentially gambling with memestocks. And while I'd be perfectly happy if everyone here did well, I'll admit some level of amusement when people who blatantly ignore all advice on sound financial strategy are surprised when it doesn't go well. [Reply]
Originally Posted by DaFace:
There's a huge difference between your average retail investor and people who are essentially gambling with memestocks. And while I'd be perfectly happy if everyone here did well, I'll admit some level of amusement when people who blatantly ignore all advice on sound financial strategy are surprised when it doesn't go well.
There isn't a single person on here (that I've seen at least) that has acted "surprised" or freaked out to any extent when their meme stock investments fluctuated. There's nothing wrong with having a good solid retirement plan, but also swinging for the fences with a small percentage.
Now on the other hand I'll BE DAMNED if there isn't something wrong with pompous negative people like yourself that root for the little man to lose. [Reply]