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Post by buckvelvet on Sept 18, 2024 9:05:52 GMT -6
I've got a long time before I even use the word retirement Stu, for now it makes sense for me. Consistently compounding interest is the key for the vast majority of successful investors. Find an ETF or MF that represents your desired interests but is a bit more balanced. JMHO I have so much stuff I have to do with selling houses and buying 1 over the next 18 mos, once we get passed whatever the hell is going to transpire with this election and the fallout there of, then I can finally take a breath and regroup.
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Post by smsmith on Sept 18, 2024 13:03:51 GMT -6
Fed cuts .5 instead of .25 and it seems markets don't know what to make of it
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Post by Sandbur on Sept 18, 2024 13:57:00 GMT -6
Fed cuts .5 instead of .25 and it seems markets don't know what to make of it Perhaps the Mideast is a major factor.
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Post by smsmith on Sept 18, 2024 16:07:20 GMT -6
Fed cuts .5 instead of .25 and it seems markets don't know what to make of it Perhaps the Mideast is a major factor. Maybe, but I don't think so. The markets all spiked after Powell said .5, then the analysis kicked in. Lots of talk about whether the economy is as strong as the Fed says. Cutting .5 when markets are at or near all time highs gets people thinking. Markets went up and down quickly and repeatedly. I'm betting tomorrow brings some new highs. Of course, I've been wrong more than right when it comes to the markets.
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Post by smsmith on Sept 19, 2024 8:05:12 GMT -6
New intraday high for the S&P. 5700+
Will it hold? Who knows
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Post by Foggy on Sept 19, 2024 13:10:06 GMT -6
New intraday high for the S&P. 5700+ Will it hold? Who knows Vote for Kameltoe and the world is your oyster.
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Post by smsmith on Sept 19, 2024 14:00:50 GMT -6
New intraday high for the S&P. 5700+ Will it hold? Who knows Vote for Kameltoe and the world is your oyster. I'll pass Market return years like this one has been (so far) are one reason I don't like equating presidents with markets.
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Post by nhmountains on Sept 19, 2024 14:14:01 GMT -6
Almost everyone forgets about the other factor. Inflation hits everyone. I know I have a lot less to invest in now. I know I’m spending an extra $5000 on groceries that aren’t part of the inflation numbers. I know it’s back down lower than 3 but, the damage was done.
That said I’m happy to see my 401k go up.
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Post by smsmith on Sept 19, 2024 17:51:09 GMT -6
Almost everyone forgets about the other factor. Inflation hits everyone. I know I have a lot less to invest in now. I know I’m spending an extra $5000 on groceries that aren’t part of the inflation numbers. I know it’s back down lower than 3 but, the damage was done. That said I’m happy to see my 401k go up. You guys must be eating better than us , best I can figure our grocery bill is up about $3500 from 4 years ago. Valid point about inflation. I fear we would have experienced something at least similar under Trump however. China virus really screwed things up. I strongly doubt today's rally holds up for long, but what a day. Largest daily jump ever for our portfolios, which likely means the largest decrease ever is in the short term forecast.
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Post by Foggy on Sept 19, 2024 19:24:55 GMT -6
Almost everyone forgets about the other factor. Inflation hits everyone. I know I have a lot less to invest in now. I know I’m spending an extra $5000 on groceries that aren’t part of the inflation numbers. I know it’s back down lower than 3 but, the damage was done. That said I’m happy to see my 401k go up. You guys must be eating better than us , best I can figure our grocery bill is up about $3500 from 4 years ago. Valid point about inflation. I fear we would have experienced something at least similar under Trump however. China virus really screwed things up. I strongly doubt today's rally holds up for long, but what a day. Largest daily jump ever for our portfolios, which likely means the largest decrease ever is in the short term forecast. We've enjoyed outsized returns over the past two years too. Sustainable?......no way. We all sit in wonder what comes next. Most of us will not see the events to come that will once again make us squirm like a whore in church. I always remember the old saw: "When things are looking up.....look out". Mostly, I just ignore the daily markets now.....and stay diversified in my allocation model....that is put together by the advisor. I doubt that it is the best way to invest.....but it may provide the most certain way to live through these times. ....or not? I've not "worried" about the markets in some time now.....which is a blessing in itself. Fortunately we stay within our means and have not had to "want" for anything more. Mostly, we are too old to spend more....and trying to figure a way to avoid taxes and pass some wealth to our family.....before the government squanders more of it.
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Post by nhmountains on Sept 19, 2024 19:50:05 GMT -6
Almost everyone forgets about the other factor. Inflation hits everyone. I know I have a lot less to invest in now. I know I’m spending an extra $5000 on groceries that aren’t part of the inflation numbers. I know it’s back down lower than 3 but, the damage was done. That said I’m happy to see my 401k go up. You guys must be eating better than us , best I can figure our grocery bill is up about $3500 from 4 years ago. Valid point about inflation. I fear we would have experienced something at least similar under Trump however. China virus really screwed things up. I strongly doubt today's rally holds up for long, but what a day. Largest daily jump ever for our portfolios, which likely means the largest decrease ever is in the short term forecast. I also shop for my father in-law so we have an extra mouth on the grocery bill. I went back and looked at my statements from 2020 and they consistently average $90-100 more a week. I can say that my brokerage team is definitely shifting stocks a lot more now than they were 3 months ago. I’m not sure if that’s good or bad but, the fall prospectus said there’d be ups and downs.
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Post by sd51555 on Sept 19, 2024 21:04:53 GMT -6
Inflation is much worse than people realize. It's not just the government printing money. Our stock market and real estate markets are being held up by japanese toilet paper. Nobody knows how much of it is here. When the JCB prez announced he was gonna raise rates, he nearly imploded our asset markets in the blink of an eye. So the JCB prez got the tap on the shoulder to reverse course, or he's gonna get Shinzo Abe'd real quick.
Neat little con going on. Banksters go to japan and borrow yen at stupid low rates, convert it to dollars and buy up shit here on the cheap while the rest of us are staring at 8.5% prime rates. Yen continues to collapse vs the dollar and they repay their weak yen loans with strong dollars.
The people that partied with diddy don't even understand this issue, so there is no hope anyone can do anything about it. It seems I need to find out how to borrow money in japan.
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Post by Foggy on Sept 19, 2024 21:38:09 GMT -6
Inflation is much worse than people realize. It's not just the government printing money. Our stock market and real estate markets are being held up by japanese toilet paper. Nobody knows how much of it is here. When the JCB prez announced he was gonna raise rates, he nearly imploded our asset markets in the blink of an eye. So the JCB prez got the tap on the shoulder to reverse course, or he's gonna get Shinzo Abe'd real quick. Neat little con going on. Banksters go to japan and borrow yen at stupid low rates, convert it to dollars and buy up shit here on the cheap while the rest of us are staring at 8.5% prime rates. Yen continues to collapse vs the dollar and they repay their weak yen loans with strong dollars. The people that partied with diddy don't even understand this issue, so there is no hope anyone can do anything about it. It seems I need to find out how to borrow money in japan. I'd bet that 80% of the folks here have no idea what you are talking about. But.....you may have some points. So many factors lead to decisions by the "big money" that many of us have no clue......not could do little about it if we did. Sad state of affairs.....I grant you that. God bless America.
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Post by Sandbur on Sept 20, 2024 1:52:17 GMT -6
You guys must be eating better than us , best I can figure our grocery bill is up about $3500 from 4 years ago. Valid point about inflation. I fear we would have experienced something at least similar under Trump however. China virus really screwed things up. I strongly doubt today's rally holds up for long, but what a day. Largest daily jump ever for our portfolios, which likely means the largest decrease ever is in the short term forecast. I also shop for my father in-law so we have an extra mouth on the grocery bill. I went back and looked at my statements from 2020 and they consistently average $90-100 more a week. I can say that my brokerage team is definitely shifting stocks a lot more now than they were 3 months ago. I’m not sure if that’s good or bad but, the fall prospectus said there’d be ups and downs. I can see our groceries are about $300 a month more. I do shop and eat differently than I did in the past and really should make more changes. Laundry soap, dish soap, and tp are in the grocery budget as well.
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Post by Sandbur on Sept 20, 2024 2:01:06 GMT -6
You guys must be eating better than us , best I can figure our grocery bill is up about $3500 from 4 years ago. Valid point about inflation. I fear we would have experienced something at least similar under Trump however. China virus really screwed things up. I strongly doubt today's rally holds up for long, but what a day. Largest daily jump ever for our portfolios, which likely means the largest decrease ever is in the short term forecast. We've enjoyed outsized returns over the past two years too. Sustainable?......no way. We all sit in wonder what comes next. Most of us will not see the events to come that will once again make us squirm like a whore in church. I always remember the old saw: "When things are looking up.....look out". Mostly, I just ignore the daily markets now.....and stay diversified in my allocation model....that is put together by the advisor. I doubt that it is the best way to invest.....but it may provide the most certain way to live through these times. ....or not? I've not "worried" about the markets in some time now.....which is a blessing in itself. Fortunately we stay within our means and have not had to "want" for anything more. Mostly, we are too old to spend more....and trying to figure a way to avoid taxes and pass some wealth to our family.....before the government squanders more of it. I fear we will see the events to come that make us squirm. The way I heard it was when things are looking good, watch out, the shit is about to hit the fan! I always wonder how much churning goes on to generate fees, but I guess if I get reasonable returns it is ok. I do just say no to a few things if I don’t understand them. We also try to live reasonably. We are trying to not accumulate too much stuff and trying to get rid of some of it. We don’t always need new and shiny!
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