I threw extra cash at a new S&P low-cost index fund today.
Crash should start tomorrow.
How the hell are we supposed to retire?
- Thread starter Red Mosquito
- Start date
Crash should start tomorrow.
John the Plumber
Well-Known Member
I have been thinking about the S&P 500 myself but going to hold tight until February.........
why February?
John the Plumber
Well-Known Member
Just want to see what happens after J 20. I want to see what Trump puts together. Mainly tariffs and deportations I think these 2 things will affect the markets.
I could be right or wrong. Just don't know..........
the answers will affect the markets, the question is which way and how much, neither of which i know the answer to. What i DO know is that govt makes changes at such a glacial pace that the announcements will be made way before anything actually happens
John the Plumber
Well-Known Member
I am also factoring my age at 67. I should have added that is also part of my decision.
damn, last week was tough - but today......
I don't own TSLA or BRK.B - I did a long time ago, so they are a benchmark for my investing.
I find NCLH interesting because cruising is on the way back - and it was cooking before COVID.
That and you get $250 in onboard credit if you own 100 shares when you book.
Merry Christmas.
I don't own TSLA or BRK.B - I did a long time ago, so they are a benchmark for my investing.
I find NCLH interesting because cruising is on the way back - and it was cooking before COVID.
That and you get $250 in onboard credit if you own 100 shares when you book.
Merry Christmas.
I own both. But like I tell my wife all the time, it only matters if you're selling.
Nah. It's usually because she's panicking and I'm trying to talk her down.
This is why I'm mostly in index funds. I'm in it for the long haul and haven't sold needing the funds, that's for when I retire.
Individual stocks require buying at the right time and selling at the right time. The latter I find much more complicated.
I'm now in retirement mode and looking at income with lower focus on growth.
About 50% in sp500, other in high yield CEFs risky, but tolerable for now.
Did some post tax shelter with NJ tax free bond fund.will need some analysis to decide to stick. Won't be in a high enough bracket to justify it as our earned income drops.
Be mindful of magi and AGI!
@Fire Lord Jim
Individual stocks are in what was once my play account that's grown large enough that I don't play with it much anymore. TSLA was bought for less than $150, now I just watch it go up and down. I mean, sure I should sell it now at $462, but I'll let it ride and be mildly annoyed when it's back at $250. Every time I sell something at an all time high, two years later it's doubled again.
John the Plumber
Well-Known Member
I don’t about Tesla because there are 50 k unsold vehicles sitting in mall parking lots.
Yet it's at an all time high.
When my son started investing he asked me if I own TSLA. I told him I do, but just realize that that stock price has nothing to do with reality. It's only slightly better than BTC.
I really need to look more into the tax side of things. Especially as I may retire earlier than my wife which I'm sure can affect things greatly.
I figured I'm young enough that I can kick some of that can down the road in that I start switching more towards tax advantaged bond funds as I'm getting near retirement vs current method of everything in stock funds for the most part.
never buy a stock that has no future. Too much competition, no leverage. Say Lucent?
TSLA is the future - even more now.
I feel like you are 10 years younger than me.
If you are planning on living off dividends, it stifles growth, which is a problem.
You'll need to do something that pays some $$ but isn't a real job.
I'd recommend you become a certified cycling Offical, and maybe USATF for mountain/ultra.
There are probably some other events in the area - ain't gunna get rich, but the income is nice and since it is a stipend,
usually not taxed.
takes some time to get in, but the $$ flow when established.
I can't become the person that kicks people off the start line because of the height of someone's socks.
That person is the enemy.
If I want to work part time, I'll probably stick with my day job with less hours. I like my job. Just not enough to fill my whole week with it.
I just want to be able to bike more and other stuff during the daylight hours.
That person is the enemy.
If I want to work part time, I'll probably stick with my day job with less hours. I like my job. Just not enough to fill my whole week with it.
I just want to be able to bike more and other stuff during the daylight hours.