Do you even invest?

[troyguitar]

I'm not asking to be a - I really need to start doing better with money besides just spending less on car crap. The wife has ignored investing for the past 5+ years and we have lost out on EPIC gains as a result. I've finally convinced her that after today's drops it might be time to buy some shit.

[Tar]

I'm hiring a good money manager and telling them to aim for averages this time. The more you learn, the more you realise that you don't know what you're doing.

Saying this, I do plan on throwing a little cash at personal investing game too. Something that came down a fair bit, haven't looked yet but maybe a bank or something.

the amount i personally invest is laughably small and mostly for fun. My guy well out performs his fees.

I'm using my FIL's. The firm worked out well for him so that's it. Give them the kids college fund and check back every year. Fees are 2.6% under $100K and drop down to 2% once we hit that mark.

[wap]

That's why I ask - I don't know shit about investing in anything besides

So you're saying that you sell stuff that's down less in order to buy stuff that's down more?

Ideally move from a non-stock item (cash or bond) into something else. A great place for someone that doesn't do tons of research is an index fund. I personally wouldn't sell much now if you can avoid it as everything is going to rebound.

Basically employment and wages are way higher than expected which means inflation is coming which means people are taking profits today. I bet it loses another few percentage points and starts back up in the next couple weeks. A real down turn isn't at hand.

[wap]

I'm not asking to be a - I really need to start doing better with money besides just spending less on car crap. The wife has ignored investing for the past 5+ years and we have lost out on EPIC gains as a rssult. I've finally convinced her that after today's drops it might be time to buy some shit.

Don't think you came across as one.
As said, look into a no load mutual fund like Vanguard. Give them your money and they do the rest while you just (usually) watch it grow. You can either give them a lump sum once or keep contributing small amounts monthly.

[troyguitar]

Just opened an account with Wealthfront, we'll see if it does any good.

If I were you guys, I'd sell everything. My entering the market guarantees a full blown Depression...

[Tar]

Lol

[wap]

Just opened an account with Wealthfront, we'll see if it does any good.

If I were you guys, I'd sell everything. My entering the market guarantees a full blown Depression...

Not familiar with them but they seem ok.

Just be patient with it.

[goIftdibrad]

FIFY.

but

you dont need a huge pile. You just move your investment around, like I did today.

Unless you have a crystal ball, selling at a massive loss to buy other stuff while it's down doesn't do you any good.

well shit troy, this is why investing is hard.

The idea is to look at your funds within your 401k individually and the market as whole, sell high and buy low. You dont get it right all the time but if you don't swing largely one way or the other its prob a wash anyway.

BUT, don't complain about your ' large piles of cash' You can usually put some in a money market (safe), from stocks (volatile), wait for a correction, then put it back when they are low.

The simple fact is you DO have some control and dont need 'large piles of cash laying about'

[goIftdibrad]

Last week was good time to make some adjustments.

FIFY

but yea in the grand scheme today would be a good time to sell the bounce.....if there is one....

[Melon]

Last week was good time to make some adjustments.

FIFY

but yea in the grand scheme today would be a good time to sell the bounce.....if there is one....

There will be man, it's all about the long game.

Just an anecdote here.
When I first put money in BTC it was @ $7,500, and I bought $3,000 worth.
The next day it was $6,800, then $6,500, and bottomed out at $5,300...

BTC isn't a predictor of the NYSE, and real markets are much more predictable than BTC.

Urge to flip tables is real doe, I get it.

[goIftdibrad]

also, Peter Schiff 100% called this correction on his Friday podcast.

[goIftdibrad]

also, Peter Schiff 100% called this correction on his Friday podcast.

Well... Yeah... By Friday we were in the middle of it.

[C00bs]

Crypto haha. Loving these short trades.

[wap]

also, Peter Schiff 100% called this correction on his Friday podcast.

Well... Yeah... By Friday we were in the middle of it.

It would be hard NOT to call it at that point.

[KYGTIGuy]

Anyone here passed the series 7? 66?

[troyguitar]

Also, obvious statement is obvious BUT if you can't afford to lose it, you can't afford to invest it.

How else do you get to the point of being able to afford to risk losing money but by risking losing money?

[troyguitar]

How else do you get to the point of being able to afford to risk losing money but by risking losing money?

Working more. Which I get why you don't have an interest in it, but that creates the catch 22 you're in.

Compounding interest/gains from investments dwarfs ordinary income. Nobody gets rich from salary.

[troyguitar]

You primarily invest with salary and not income from other investments?

[troyguitar]

You primarily invest with salary and not income from other investments?

Correct. I have no income from investments. Investments stay investments.

People that have true income from investments are WAY richer than I am or are retired.

So you have averaged 0% return on investing? Why bother?

[wap]

You primarily invest with salary and not income from other investments?

Correct. I have no income from investments. Investments stay investments.

Same.

[wap]

Correct. I have no income from investments. Investments stay investments.

People that have true income from investments are WAY richer than I am or are retired.

So you have averaged 0% return on investing? Why bother?

No. Investments continue to grow, both on their own and by continuing contributions. I, and, I suspect , just leave them to grow until they're ready to be tapped once we retire.

[Apex]

Correct. I have no income from investments. Investments stay investments.

People that have true income from investments are WAY richer than I am or are retired.

So you have averaged 0% return on investing? Why bother?

He's not day-trading.
Money invested stays invested, and he uses cash from salary to add to the investments.

No gain is realized until it's cashed out.

[KYGTIGuy]

Correct. I have no income from investments. Investments stay investments.

People that have true income from investments are WAY richer than I am or are retired.

So you have averaged 0% return on investing? Why bother?

I don't think you are picking up what he is laying down

[Desertbreh]

I'm not asking to be a - I really need to start doing better with money besides just spending less on car crap. The wife has ignored investing for the past 5+ years and we have lost out on EPIC gains as a result. I've finally convinced her that after today's drops it might be time to buy some shit.

Serious question. So you guys are savers, if you're not "investing" what are you doing with your $?

[Tar]

Almost everything I amassed in assets and equity came from actual work. I work, but something that holds value, then work more to pay it off.

In the past I played smart guy and strategically picked my own stocks after countless hours of research only to buy into the hype and then lose my shorts.

What I learned and would recommend from a few wins and many losses:

1.) Buy and hold. My biggest gains came from this strategy, but I bought when nobody wanted the stock (ie. Alcoa Aluminum 5 yrs ago) and I picked something that will be around for hopefully another 100 yrs. Maybe a whole exchange during an intimately downturn *ahem*

2.) Hire someone who does this shit

Thats it. Let you know if I learn more but 20yrs later thats all I got.