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Old 01-25-2022, 06:03 PM #211
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It's brutal. I've lost probably close to 3 yrs income since the first of the year. Being retired, I can't make it up, it a large part of our income for the rest of our lives. Between that and inflation, its got my attention. I expected this, and did some adjustments, last year, hope its enough. Who knows.
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Old 01-26-2022, 01:15 AM #212
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Originally Posted by layout4 View Post
Man oh man. The market has been brutal past few days. I'm saving up for a brand new 4Runner. But now, with the stock market like that, I feel like it would be better to throw the money into the market. I would have some decent return to purchase the car in a few years. What do you guys think? The total stock market fund has my attention right now FSKAX vs. VTSAX: Are They the Same? Which Fund Is Better? - UseFidelity
Uhhh dude well you have you remember that you can't sell the stocks for 2 years from purchase date IF you want to avoid the gains counting as income, basically to qualify for long term capital gains. Always a good time to buy stocks. And it's definitely not a bad week to have cash. But then again inflation is crappy.

Really the only solution is to make so much money you stop caring about the ups and downs.

Of course that's not a real solution for like 99.9% of us but oh well.

And as for your question about which fund is better I'd suggest you just read the free MorningStar brief and make up your mind. Or just google the 'vs' with the fund names.
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Old 01-26-2022, 01:18 AM #213
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It's brutal. I've lost probably close to 3 yrs income since the first of the year. Being retired, I can't make it up, it a large part of our income for the rest of our lives. Between that and inflation, its got my attention. I expected this, and did some adjustments, last year, hope its enough. Who knows.
If you are talking about stocks value then this is really a misunderstanding. Unless you sold (withdrew) then you didn't lose anything. You aren't planning on being dead right? If you don't die and don't sell and the market goes back up in 6 months then you lost ZERO.

As for inflation well it's real. I tried to tell everyone including all my "more liberal" family that we shouldn't "just mail out 5 trillion in checks" (basically) because it will cause inflation. Well here it is. It's real.
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Old 01-26-2022, 10:18 PM #214
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We have to withdraw for our living expenses. But thats different. Yes its a "paper" loss. If the market rebounds before we need the funds, then all is good. Since we have to withdraw a certain amount every month, that part is lost to the lower market. Kinda like dollar cost averages, only in reverse. AND the big part, we can't make it back and don;t have the time to wait for the market to rebound in 10+ yrs or whatever it takes.
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Old 01-27-2022, 02:59 AM #215
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That sucks. I def get it. I’m pretty confident the market will go back up. A lot of enterprise software companies are KILLING IT in sales revenue and cloud companies too. The market will go up and down but overall long term I worry much more about things like housing inflation. Generally speaking What is the point of bragging about how much houses are worth now (yay Ive got equity) when you know the children will never be able to afford to live in your neighborhood? Its terrible.
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Old 06-14-2022, 02:52 PM #216
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Quote:
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A lot of folks like to say "I'm going to invest in ETFs." Well, ETFs are pretty broad. There's a zillion of them. But to echo some of the more recent posts, the only ones you should pay attention to are the ones that replicate the indexes. You only need three categories to cover everything: Total Stock Market (US), Total International Stock and Total Bond. Pick the right asset allocation between these three categories (the 75/15/10 ratio noted earlier is a good place to start) and dollar cost average into them as often as you can. Do it via your 401k, do it via your Roth IRA and do it in your cash/taxable account with whatever you have left over after monthly expenses. It's brain dead simple and requires zero thinking, plus there is zero chance you'll be stressing out over trying to time a buy/sell at the right time. Hint: You can't time the market.
Escape the system! That's an investment! Invest in $bior biora therapeutics. They are about to blow a giant wad after the dumb FDA approves their smart drug delivery capsule by the end of the year. Replacing injection drugs mainly humira. Huge
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Old 06-26-2022, 09:15 PM #217
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I'm going to pose a scheme, an outline, for investment considerations.

In an ideal world, someone who wants to invest would follow some steps (and some have little directly to do with actual dollars):

1) Complete and notarize legal paperwork if >18yo - Will, Living Will, Power of Atty for medical and legal needs.
2) Know cash flow and if it isn't + every year, budget behavior so it is (spend less than take home, invest the rest).
3) Work retirement benefits - contribute up to the full match on any employer tax-differed benefit (401/403/427/TSP/etc). It's a free raise -- with rare exceptions never decline it.
4) Build an emergency/oh-sh*t fund through a CD ladder, I-bonds, and savings/money market account for at least 3-12 months' worth of budget in #2.
5) Health insurance - for the vast majority of people, choosing a HDHP plan that allows HSA accounts is sufficient. If it's right for your needs, open and contribute to a HSA investment acct up to the max allowed by IRS. HSA savings accts aren't the worst choice -- but they pay interest than average gains from HSA investments, allocate more to debt than HSA and/or #7 or #8.
6) No debt -- if one is in debt, change habits now to start paying it down every month, no exceptions. If interest rates on debt are > than average gains from investments, pay debt before further investing (except for #4 & #5 - do simultaneously).
7) Explore ROTH investment accounts, and contribute up to the IRS max allowed.
8) Self-employed need to discover SEP-IRAs and alike.
9) Live.

Personally, I'm a huge believer in long-term very diversified holdings such as VTI. Everyone needs to discover their own comfort zones and there are thousands if not millions of web posts, books, podcasts, pundits, courses out there. One doesn't have to spend a dime on ANY of them - most are free to download, listen, check out at the library. Keep learning -- but don't let analysis paralysis stop you from doing something today or this week. The people who don't ever start are the ones who always wish they had. The power of compounding is in your youth or my yesterdays.

With the above tackled, and you're doing that Living thing, one may consider investing in taxable accounts, or upping their work retirement program, or investing in other ways (education, play, charity, your own business/real estate). I don't consider a home mortgage to be a debt to pay off ASAP unless it's interest % > investment gains. Heck, I'm not sure owning a home is always a great idea, as renting has real $ and non-tangible advantages in the short term.
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Old 06-29-2022, 09:40 PM #218
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^^^ So, you read my book.
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Old 06-30-2022, 09:09 AM #219
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^^^ So, you read my book.
What book? Always willing to learn...
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Old 07-04-2022, 06:49 PM #220
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IF the stock market recovers well, we will be okay. My main thing is to get my son (he is a toddler) into a top university or a university in Europe. Then he can have options- stay in the US or leave. Ideally we will stay close to him...wherever he is.
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Old 07-05-2022, 09:22 PM #221
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IF the stock market recovers well, we will be okay. My main thing is to get my son (he is a toddler) into a top university or a university in Europe. Then he can have options- stay in the US or leave. Ideally we will stay close to him...wherever he is.
Historically, it always recovers. This one is coming from highs that weren't justifiable by normal economic growth parameters. The ridiculous tax cuts from 2017-2018, deficit spending well before the 2020 Covid largess, continued lack of restraint or sane fiscal policies (both parties) ... afraid it may be a few years before real economic balance comes back into play so stagflation may be the only way to pay off the past borrowing of time. But eventually it'll come back and as deregulated as it is, the boom/bust cycle will continue.

Doing 529s or Coverdells for the kid? Ask your family/friends not to piss away cash on silly toys or trendy cloths/accessories. Have them fund your kid's future instead. Put the kid to work and have him build his own Roth from earned income. Teach him well; your future bills will not be an issue.
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Last edited by baddna; 12-27-2022 at 11:44 AM. Reason: typos
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Old 12-27-2022, 11:47 AM #222
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Escape the system! That's an investment! Invest in $bior biora therapeutics. They are about to blow a giant wad after the dumb FDA approves their smart drug delivery capsule by the end of the year. Replacing injection drugs mainly humira. Huge
Ouch -- that didn't age well. I do see the pump/dump people are still pushing this one:

Biora Therapeutics Inc. (BIOR): Ready for an explosive trading day – Invest Chronicle
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Old 01-06-2023, 04:16 PM #223
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Some good advice in here. Always get a match if it's offered for your retirement plan. Plus IRA/ Roth/ SEP etc. whatever makes the most sense.

I liked the point of living below your means. I'm not rich but could afford "more" than my 150,000 mile 2011 SR5 4x4. I have a few friends and coworkers that are trying to keep up appearances driving expensive vehicles, some know it's a mistake but blame it on their spouse, safety, repair issues on used vehicles.
So, sometimes I get jealous when someone pulls up beside me in a new Escalade or fancy Audi, but maybe they're looking at me thinking, "Dang that guy probably hasn't had a car payment in 5... maybe 10 years....?".
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Old 02-06-2023, 05:26 PM #224
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Historically, it always recovers. This one is coming from highs that weren't justifiable by normal economic growth parameters. Meanwhile I would recommend you to use BeatMarket to get more efficient when the bullrun begins
While it is true that the stock market has a history of recovering from past downturns, it is not a guarantee that it will always recover or that it will recover in a specific time frame. Many factors, such as economic conditions, government policies, and investor sentiment, can impact the stock market and cause fluctuations. It is also important to remember that past performance is not a guarantee of future results. While the stock market has historically been a good long-term investment, it can be subject to short-term volatility. The stock market may recover from a downturn in the long run, but there is always the possibility of a decline in the short term.

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