JackBull
Single-Sixer
But its the best game in town! You can beat the house.
The stock market is insane
- Thread starter vito
- Start date
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Long ago, I got sound advice from my Great Aunt, a successful investor whose money eventually got to me when my mother died. I also read the same advice from Motley Fool and Richard Young. Buy and hold, especially dividend-paying stocks is the way I sleep well at night. It's worked out ok for me.
And remember that even if you stick money in safe non-stock places, inflation can eat up its value. You preserve capital, but lose buying power.
For a while, I played stocks a little with 'fun money' (money after investing in work-matched 401k and dividend stocks). But I was not good at it, mostly because I did not put in the time to do continual research and monitoring. And then you have to track lots more stuff and do extra work on taxes, which I hate doing.
It might be getting near time to do some value investing as stocks wobble around, but it won't be much money and it won't be daily buy-sell.
And remember that even if you stick money in safe non-stock places, inflation can eat up its value. You preserve capital, but lose buying power.
For a while, I played stocks a little with 'fun money' (money after investing in work-matched 401k and dividend stocks). But I was not good at it, mostly because I did not put in the time to do continual research and monitoring. And then you have to track lots more stuff and do extra work on taxes, which I hate doing.
It might be getting near time to do some value investing as stocks wobble around, but it won't be much money and it won't be daily buy-sell.
Much better than a 20% stock market hit in the last 12 months
Yes, Reno and Vegas are proof of that!!
JackBull
Single-Sixer
Of course if you are going to cherry pick the dates one can make almost any investment look good. The people I know that are well-off did so by investing WISELY in the market. That includes myself.
JackBull
Single-Sixer
It sounds like you did not know how to invest or let losers tell you not to invest in the market. I am living proof the market is easy and profitable. The trick is you do not need to beat the market, just go along for the ride. And all you need is 2-3 funds to do so. Easy as pie.
JackBull
Single-Sixer
I pretty much agree with this. Still debating the value of dividend funds vs a total market etf. I follow the Boogleheads, the advice is free but invaluable.
Do you have a link? I’ve never heard of them before.
I read the news and occasionally listen to that smart a** from MadMoney.
Before this year, some of my stocks were up by giant amounts. They still are.
The trouble with selling is you take the hit, and still have to pay taxes on the rest.
To heck with that, I’ll just stick it out, haven’t lost anything and only have to pay taxes on the dividends.
Ka6otm
Blackhawk
- Joined
- Dec 21, 2002
- Messages
- 645
You chose wisely. I do the same.
Joe Chartreuse
Single-Sixer
Nah. Been up in that area for awhile now. I am watching some amazing commodity market manipulation. Gold was always supposed to be an inflation hedge, value rising as the dollar's goes down. Due to current inflation, the numbers say that gold should be well over $2800 per ounce. It's at $1774, which is lower than some pre-inflation pricing, and around equal to the rest, with downward fluctuations. Not possible without manipulation by the big players, who are probably hoping to buy low, then let the market skyrocket.
JackBull
Single-Sixer
There are some great debates on dividend stock funds vs entire market index fund.
I will say the dividend fund I have has been more stable than the total market fund this year.
JackBull
Single-Sixer
Thats why you buy the entire market, the S&P or Dividend funds and hold. Proven winner over time.
JackBull
Single-Sixer
Gold is an easy investment to sell someone. You know what it is, you can hold it, it makes sense.
Stocks are much less understandable and lets not talk bonds.
However, the market IS a winner.
Thanks, like I said I haven’t heard of Boggle Heads. I see it’s a forum, I was thinking something different for some reason.
When you say entire market index funds, do you mean like a ETF “exchange traded fund?”
I only have two mutual funds from a rollover ira. They are doing all right. Pretty steady overall. But I don’t want to pay the fees associated with mutual funds.
When you say entire market index funds, do you mean like a ETF “exchange traded fund?”
I only have two mutual funds from a rollover ira. They are doing all right. Pretty steady overall. But I don’t want to pay the fees associated with mutual funds.
NC FNS
Bearcat
I’ve never had the time to educate myself enough to be good at investing. Got lucky in 2008, had to cash in a 401K for $15,000, hated paying the 10% penalty, but then the crash came a few days later, and my $15,000, had I kept it in the 401K, would’ve been worth less than $8,000. Made it easier to swallow the 10% penalty.
NetNathan
Bearcat
You were wise. I wish I had not missed it. When we went into that 1 month lockdown over Covid, all the transportation stocks (especially railroad stocks) dumped almost 75%. They were ALL back up 2 months later.... A lot of wise people made millions.
bobski
Hunter
when i bought my home 25 years ago, the seller invested his profit from the sale in day trading on line.
he was playing that snipe method.....then his computer had to reboot.
he lost it all in 2 minutes.
my mothers home needed a furnace last week.
ive been saving for it over the years. it went out, i ordered it in and paid cash. call me old america.
dad said:
...never desire something you cant afford.
......dont invest in anything youre not willing to lose.
....all that do, can afford the loss. you cant.
he was right and im old now. i wear my shoes until there are holes in them. i run my cars into the ground. i oil my guns to make them last.
he was playing that snipe method.....then his computer had to reboot.
he lost it all in 2 minutes.
my mothers home needed a furnace last week.
ive been saving for it over the years. it went out, i ordered it in and paid cash. call me old america.
dad said:
...never desire something you cant afford.
......dont invest in anything youre not willing to lose.
....all that do, can afford the loss. you cant.
he was right and im old now. i wear my shoes until there are holes in them. i run my cars into the ground. i oil my guns to make them last.
