Jump to content
  • Create Account

The stock market


Recommended Posts

  • Replies 1.2k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

High fives, Mike. I'm in on Disney, Netflix, and Amazon. Amazon and Netflix in particular.   Patience is really the key with the market, IMO. I sat on a stagnant Amazon around $300 per share for over

it’s futures contracts, meaning a refiner purchased that oil for future delivery, that you have to take delivery of on the day it comes due. It’s already out of the ground and has to go somewhere. You

Several fund managers are high on it.

Posted Images

Yes, but, if you don't need the money in the next year or two, it doesn't really matter. Indeed, this is a great time to buy*. That said, I do need some of the money to help my kids pay off student loans.....so ya, this has hurt a bit. Really, most people should just ignore the market until they are much, much, older, and just keep putting money in.

 

*that is not financial advice, that is an opinion. I repeat, that is NOT financial advice.

Link to post
Share on other sites

 

Yes, but, if you don't need the money in the next year or two, it doesn't really matter. Indeed, this is a great time to buy*. That said, I do need some of the money to help my kids pay off student loans.....so ya, this has hurt a bit. Really, most people should just ignore the market until they are much, much, older, and just keep putting money in.

 

*that is not financial advice, that is an opinion. I repeat, that is NOT financial advice.

That's how I'm viewing it... Try to contribute a portion of my salary/commission checks to the portfolio each month to keep building it, and live off of the rest of the funds I earn. 

The only big purchase I'm planning for is to buy my first house in 2017/2018... hopefully the aggressive approach pays off to put at least 20% down in the future.

Link to post
Share on other sites

 

Yes, but, if you don't need the money in the next year or two, it doesn't really matter. Indeed, this is a great time to buy*. That said, I do need some of the money to help my kids pay off student loans.....so ya, this has hurt a bit. Really, most people should just ignore the market until they are much, much, older, and just keep putting money in.

 

*that is not financial advice, that is an opinion. I repeat, that is NOT financial advice.

Sadly, I'm a nonprofit attorney.  A few years ago Congress passed a loan forgiveness program that would forgive your loans after you've worked at a nonprofit for 10 years and were paying off the debt while working.  Last summer I learned that I was paying it off but under the wrong plan so all my years didn't qualify.  (That was a really bad day).  I had actually been paying MORE than I would have under the qualifying plan but it didn't matter.  So my wife and I started planning how we'd pay off this 100k and decided to make a big payment out of our savings in March 2016 (after we had owned a certain stock for a year to get lower taxes).  And now the our portfolio is tanking just as we're getting ready to actually use it.  As I said, 'ow'.

 

But I agree it is actually a good time to buy low on some things.  Oil will eventually go back up.  And some of the financial giants are a good price, too.**

 

**that is not financial advice, that is an opinion. I repeat, that is NOT financial advice.

Link to post
Share on other sites

I'm getting killed. I've lost over 20% of my market value in the past 6-8 weeks. I've aggressively invested in individual stocks over the past few years. Had 70% gains overall, now down to about 35% gains.

 

Oh well. All my stocks are long-term investments with the exception of Apple, which is in freefall for no good reason. But they pay a decent, if underwhelming, dividend so I'm not sure whether I'll sell next time they appear to peak or hold on to them indefinitely.

 

But man, Netflix has been killllllllling it for me. Invested in them 13 months ago.

Link to post
Share on other sites

 

not advice:

 

Activision

Disney

Netflix

Amazon

 

I am in on all of those.....

High fives, Mike. I'm in on Disney, Netflix, and Amazon. Amazon and Netflix in particular.

 

Patience is really the key with the market, IMO. I sat on a stagnant Amazon around $300 per share for over a year and then the damned thing doubled in 8-10 months.

Link to post
Share on other sites

When I retire, I wil have Military retirement (already have). Federal employee retirement

(Working towards) and if social security is still around, that too. I dabble with a 401k (it will do whatever it does) and I will have a quality nest egg in savings when I retire. I don't want to just count on one thing. I want multiple sources of income.

Edited by jimmer
Link to post
Share on other sites

I read A Random Walk Down Wall St. about a year ago and that has guided my retirement investing since. All passive, mostly foreign, no individual stocks. My returns are down as bad or worse than anyone's but its a good read nonetheless if anyone out without a finance degree is thinking about socking away some money for a while.

Edited by Willihammer
Link to post
Share on other sites

 

When I retire, I wil have Military retirement (already have). Federal employee retirement
(Working towards) and if social security is still around, that too. I dabble with a 401k (it will do whatever it does) and I will have a quality nest egg in savings when I retire. I don't want to just count on one thing. I want multiple sources of income.

Yeah, obviously as many different plans is better.  I have a small 401k right now with a full match from my employer.  My wife will get a state pension.  We have some IRAs as well.  We also set up some 529 plans for our kids college funds which will (hopefully) pay a large portion of that down the road.  We got lucky and paid off our mortgage early so we're managing to put away a pretty good amount each month.  

 

If not for those damn school loans (at 7.5% interest) ...

Link to post
Share on other sites

 

Yeah, obviously as many different plans is better.  I have a small 401k right now with a full match from my employer.  My wife will get a state pension.  We have some IRAs as well.  We also set up some 529 plans for our kids college funds which will (hopefully) pay a large portion of that down the road.  We got lucky and paid off our mortgage early so we're managing to put away a pretty good amount each month.  

 

If not for those damn school loans (at 7.5% interest) ...

If you missed it (this program started at the beginning of the year I think), might be work checking out: http://www.selfrefi.state.mn.us/

 

4.5% refi rates.

Link to post
Share on other sites

 

I read A Random Walk Down Wall St. about a year ago and that has guided my retirement investing since. All passive, mostly foreign, no individual stocks. My returns are down as bad or worse than anyone's but its a good read nonetheless if anyone out without a finance degree is thinking about socking away some money for a while.

 

An all time classic book. Truly.

Link to post
Share on other sites

 

Yeah, obviously as many different plans is better.  I have a small 401k right now with a full match from my employer.  My wife will get a state pension.  We have some IRAs as well.  We also set up some 529 plans for our kids college funds which will (hopefully) pay a large portion of that down the road.  We got lucky and paid off our mortgage early so we're managing to put away a pretty good amount each month.  

 

If not for those damn school loans (at 7.5% interest) ...

 

Not a fan of the 529.......it isn't very liquid. That said, it isn't an awful idea.

 

If I was young again, and had young kids, I'd be buying rental properties, and gifting them 10K a year of the value. Then, when they need the money, they can either use the rent, or sell the places. But, that ship has largely sailed for me.....though maybe not.....

 

*not advice, just what I'd do.....

Edited by Mike Sixel
Link to post
Share on other sites

 

Not a fan of the 529.......it isn't very liquid. That said, it isn't an awful idea.

 

If I was young again, and had young kids, I'd be buying rental properties, and gifting them 10K a year of the value. Then, when they need the money, they can either use the rent, or sell the places. But, that ship has largely sailed for me.....though maybe not.....

 

*not advice, just what I'd do.....

It's a good plan and I was *this close* to doing just that in 2013; made a short sale offer on a house but the bank foreclosed on it before anyone alerted them a short sale offer was in place (mind you, there was a 3-4 month gap between these two events... why'd we bail out these clowns again?).

 

Thankfully, it didn't happen because I don't have the time to manage a rental property on top of all the other crap I do but if you have the time, it's a good way to go.

Link to post
Share on other sites

 

I remember feeling so cool buying Disney under $100 per share.

 

I'm in for the long haul so this isn't a problem in the long run obviously, just funny to think back on.

Heh, yes. Same here. But Disney is a small dividend stock and I plan to hold on to it for at least five years so whatever.

Link to post
Share on other sites

I've been doing a lot more trading of late, so I'll simply say this.  What you are seeing right now is the beginning.  You'd be wise to move your money into a money market for the bulk of 2016.  The market is waking up and realizing that nothing was fixed from 2008 and now we've added a ton more sovereign debt to it... debt that some countries aren't going to repay.  I wouldn't be shocked in the least if the European crisis comes back in full with defaults from some or all of the PIIGS nations at some point, and that contagion could spread elsewhere too. 

 

Cut your losses.  You may get a small bounce here given the number of down days, but we are in a full fledge bear market and I wouldn't be surprised at all to see the market return to 2008 lows.  Buy back in once the damage is done. 

 

 

Link to post
Share on other sites

Side note, there are a number of proshares ETFs out there that work inverse of the market.  Those aren't bad investments if you can trade ETFs in your plans. 

 

TWM for instance, is up something ridiculous (about 40%) in the last two weeks as it does roughly 2x the inverse of the Russell 2k (which has lost about 20% in the last 3 weeks). 

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...