(10-20-2022 12:45 PM)Marc Mensa Wrote:  Time to buy…

Only if everyone is as smart as you are....

It is not even close to buy time, but by all means pour your investable funds back in today!

Inflation and recessionary pressures are not done yet and market devaluations have barely begun. Wait until unemployment takes off .... The DOW has at least 4k-5K more to drop... at least

(10-21-2022 09:13 AM)Eldonabe Wrote:  

(10-20-2022 12:45 PM)Marc Mensa Wrote:  Time to buy…

Only if everyone is as smart as you are....

It is not even close to buy time, but by all means pour your investable funds back in today!

Inflation and recessionary pressures are not done yet and market devaluations have barely begun. Wait until unemployment takes off .... The DOW has at least 4k-5K more to drop... at least

This. Investment guys I talk to are talking 24k-25k by next Summer. And we were talking 30 year mortgage rates would be at 7% by the end of the year. That train went by a month ago. Look for 8% by Christmas. Gonna be devastating.

(10-21-2022 10:35 AM)Eagleaidaholic Wrote:  

(10-21-2022 09:13 AM)Eldonabe Wrote:  

(10-20-2022 12:45 PM)Marc Mensa Wrote:  Time to buy…

Only if everyone is as smart as you are....

It is not even close to buy time, but by all means pour your investable funds back in today!

Inflation and recessionary pressures are not done yet and market devaluations have barely begun. Wait until unemployment takes off .... The DOW has at least 4k-5K more to drop... at least

This. Investment guys I talk to are talking 24k-25k by next Summer. And we were talking 30 year mortgage rates would be at 7% by the end of the year. That train went by a month ago. Look for 8% by Christmas. Gonna be devastating.

It is not to late to sell and hold on to cash - (unless you need to eat and heat your home and other frivolous luxuries like that).

(10-20-2022 07:44 PM)TIGERCITY Wrote:  

(10-20-2022 03:07 PM)VA49er Wrote:  

(10-20-2022 01:31 PM)TIGERCITY Wrote:  

(10-20-2022 01:16 PM)oruvoice Wrote:  A question for the intelligent people on this board...would it be a good investment to buy silver coins/bars right now?

Why not buy government I bonds. They're paying about 10% right now and that's a rate that's guaranteed for 6 months. The downside is...You have to hold them for at least a year. Is redeemed them before 5 years you forfeit 3 months of interest. The upside is is that you have no money at risk since it's the government. The downside is you can only invest $10,000 per person per year.

Me I don't invest in things like gold since they produce nothing. They just sit there and are really just a hedge against inflation. I don't think that's a smart way to invest for retirement but that's just me.

I Bonds rock right now. I've bought four of them. One each for myself, wife, and two kids. I don't plan to keep them for 5 years.

And since the limit is per calendar year you can buy another $40,000 in two and a half months. I'd go with that if I was looking for something short-term relatively speaking.

Wait, I thought it was 20k a year (10 for you, 10 for your wife). Is there a way to do $40k a year?

(10-21-2022 10:41 AM)Eldonabe Wrote:  

(10-21-2022 10:35 AM)Eagleaidaholic Wrote:  

(10-21-2022 09:13 AM)Eldonabe Wrote:  

(10-20-2022 12:45 PM)Marc Mensa Wrote:  Time to buy…

Only if everyone is as smart as you are....

It is not even close to buy time, but by all means pour your investable funds back in today!

Inflation and recessionary pressures are not done yet and market devaluations have barely begun. Wait until unemployment takes off .... The DOW has at least 4k-5K more to drop... at least

This. Investment guys I talk to are talking 24k-25k by next Summer. And we were talking 30 year mortgage rates would be at 7% by the end of the year. That train went by a month ago. Look for 8% by Christmas. Gonna be devastating.

It is not to late to sell and hold on to cash - (unless you need to eat and heat your home and other frivolous luxuries like that).

Time in the market beats timing the market. If you are 10 years or more from retirement dollar cost average through.

(10-21-2022 10:42 AM)U_of_Elvis Wrote:  

(10-20-2022 07:44 PM)TIGERCITY Wrote:  

(10-20-2022 03:07 PM)VA49er Wrote:  

(10-20-2022 01:31 PM)TIGERCITY Wrote:  

(10-20-2022 01:16 PM)oruvoice Wrote:  A question for the intelligent people on this board...would it be a good investment to buy silver coins/bars right now?

Why not buy government I bonds. They're paying about 10% right now and that's a rate that's guaranteed for 6 months. The downside is...You have to hold them for at least a year. Is redeemed them before 5 years you forfeit 3 months of interest. The upside is is that you have no money at risk since it's the government. The downside is you can only invest $10,000 per person per year.

Me I don't invest in things like gold since they produce nothing. They just sit there and are really just a hedge against inflation. I don't think that's a smart way to invest for retirement but that's just me.

I Bonds rock right now. I've bought four of them. One each for myself, wife, and two kids. I don't plan to keep them for 5 years.

And since the limit is per calendar year you can buy another $40,000 in two and a half months. I'd go with that if I was looking for something short-term relatively speaking.

Wait, I thought it was 20k a year (10 for you, 10 for your wife). Is there a way to do $40k a year?

It's "per entity" as I understand. So as long as your child has a social security number it would seem there's nothing to prohibit purchasing an I Bond for them. Here's one important note.... The rates will change October 28th and will likely go down. So if you're going to get in you probably need to get in before then to lock in the 9.6 plus percent rate.

(10-21-2022 11:26 AM)TIGERCITY Wrote:  

(10-21-2022 10:42 AM)U_of_Elvis Wrote:  

(10-20-2022 07:44 PM)TIGERCITY Wrote:  

(10-20-2022 03:07 PM)VA49er Wrote:  

(10-20-2022 01:31 PM)TIGERCITY Wrote:  Why not buy government I bonds. They're paying about 10% right now and that's a rate that's guaranteed for 6 months. The downside is...You have to hold them for at least a year. Is redeemed them before 5 years you forfeit 3 months of interest. The upside is is that you have no money at risk since it's the government. The downside is you can only invest $10,000 per person per year.

Me I don't invest in things like gold since they produce nothing. They just sit there and are really just a hedge against inflation. I don't think that's a smart way to invest for retirement but that's just me.

I Bonds rock right now. I've bought four of them. One each for myself, wife, and two kids. I don't plan to keep them for 5 years.

And since the limit is per calendar year you can buy another $40,000 in two and a half months. I'd go with that if I was looking for something short-term relatively speaking.

Wait, I thought it was 20k a year (10 for you, 10 for your wife). Is there a way to do $40k a year?

It's "per entity" as I understand. So as long as your child has a social security number it would seem there's nothing to prohibit purchasing an I Bond for them. Here's one important note.... The rates will change October 28th and will likely go down. So if you're going to get in you probably need to get in before then to lock in the 9.6 plus percent rate.

After October 28th the new rate will be 6.47%. link

https://www.cnet.com/personal-finance/in...darn-good/

Im 36 years old. I don’t pay any attention to my 401k. The market will likely surge and retract 3-4 more times before I can draw my 401k so it isn’t worth fretting over for me.

(10-20-2022 06:11 PM)Attackcoog Wrote:  

(10-20-2022 03:08 PM)VA49er Wrote:  

(10-20-2022 12:50 PM)Attackcoog Wrote:  

(10-20-2022 12:45 PM)Marc Mensa Wrote:  Time to buy…

Not yet---nothing even close to capitulation has happened yet. You'll know it when you see it. It will look much more like 2008---but without a Fed rescue. The Fed is determined to reach their inflation goal. So---dont expect the Fed to reverse course until they either reach their goal of 2% inflation or something breaks in the financial markets. I think something big breaks long before we get to 2% inflation.

DCA and no need to worry about timing.

Thats a perfectly valid strategy until you're about 50 or so----then the "you have plenty of time" logic ceases to be operative. At that point principal preservation becomes much more important. Its much harder to recover from a 50% decline in the last decade or so of your glide path to retirement than it is in your 20's, 30's and 40's. You used to be able to use bond funds as a safe option to reduce exposure to the market and still get a reasonable return---but thats not really working well in a rising interest rate environment like we have now. Right now---cash is about the best option until the Fed pivots---then at that point---I suspect both bond funds or stock funds will both start doing really well.

Makes sense. At that point I'd back off a little, but not too much. There's still a decade plus of earning potential left until retirement at that point.

(10-22-2022 11:44 AM)Niner National Wrote:  Im 36 years old. I don’t pay any attention to my 401k. The market will likely surge and retract 3-4 more times before I can draw my 401k so it isn’t worth fretting over for me.

Yep..You should be rolling the dice and looking for the long haul. Don't be conservative on anything at your age.

I stopped contributing to my 401K two years ago. I take all that money and bury it in a coffee can in the backyard. I already tried retirement and didn't like it one bit so I went back to work part time. I didn't like it any better so I'm back to working full time and am far happier. I'll work until I die or they drag me out kicking and screaming and kick me to the curb. What can I say, I'm a natural born producer. And I no longer worry about my investments, I just count my increasing piles of gold and silver. When everything goes straight to hell and our economy completely crashes I'll be positioned well in a barter economy.

(10-24-2022 11:58 AM)Fo Shizzle Wrote:  

(10-22-2022 11:44 AM)Niner National Wrote:  Im 36 years old. I don’t pay any attention to my 401k. The market will likely surge and retract 3-4 more times before I can draw my 401k so it isn’t worth fretting over for me.

Yep..You should be rolling the dice and looking for the long haul. Don't be conservative on anything at your age.

Same, sucks I'm down 25%, but still decently positioned in my opinion. Plus, Ill be kidless in 6 years

Sent from my Pixel 6 using Tapatalk

TBH, one of the best aspects of the 401k is the tax benefit. If not maxing out, income taxes are atrocious come tax time. I'd rather lose that money in the market than give it to the government.

(10-25-2022 07:21 AM)VA49er Wrote:  TBH, one of the best aspects of the 401k is the tax benefit. If not maxing out, income taxes are atrocious come tax time. I'd rather lose that money in the market than give it to the government.

Also, for those still working, any current losses are only on paper.

And FWIW - The Dow is up over 2k the last two weeks.

(10-25-2022 08:12 AM)Redwingtom Wrote:  

(10-25-2022 07:21 AM)VA49er Wrote:  TBH, one of the best aspects of the 401k is the tax benefit. If not maxing out, income taxes are atrocious come tax time. I'd rather lose that money in the market than give it to the government.

Also, for those still working, any current losses are only on paper.

And FWIW - The Dow is up over 2k the last two weeks.

Yeah, that blip will be gone at after then next Fed meeting.

(10-25-2022 07:05 AM)fsquid Wrote:  

(10-24-2022 11:58 AM)Fo Shizzle Wrote:  

(10-22-2022 11:44 AM)Niner National Wrote:  Im 36 years old. I don’t pay any attention to my 401k. The market will likely surge and retract 3-4 more times before I can draw my 401k so it isn’t worth fretting over for me.

Yep..You should be rolling the dice and looking for the long haul. Don't be conservative on anything at your age.

Same, sucks I'm down 25%, but still decently positioned in my opinion. Plus, Ill be kidless in 6 years

Sent from my Pixel 6 using Tapatalk

Dream on fool, you are never kidless. They never go away.

(10-25-2022 08:28 AM)VA49er Wrote:  

(10-25-2022 08:12 AM)Redwingtom Wrote:  

(10-25-2022 07:21 AM)VA49er Wrote:  TBH, one of the best aspects of the 401k is the tax benefit. If not maxing out, income taxes are atrocious come tax time. I'd rather lose that money in the market than give it to the government.

Also, for those still working, any current losses are only on paper.

And FWIW - The Dow is up over 2k the last two weeks.

Yeah, that blip will be gone at after then next Fed meeting.

Tom exists only in the moment.

Honest question for any financial gurus out there - what is going on with the market?

Up over 800 points today to get to 32,860.

It's been rising for over a week now. Is this part of a ploy to make things look better prior to election day?

(10-28-2022 01:51 PM)bearcatfan Wrote:  Honest question for the any financial gurus out there - what is going on with the market?

Up over 800 points today to get to 32,860.

It's been rising for over a week now. Is this part of a ploy to make things look better prior to election day?

Hopes of slower fed rate hikes, positive earnings, etc.

(10-28-2022 01:51 PM)bearcatfan Wrote:  Honest question for the any financial gurus out there - what is going on with the market?

Up over 800 points today to get to 32,860.

It's been rising for over a week now. Is this part of a ploy to make things look better prior to election day?

No idea. The econonomy indicated 2.6% growth---which would tend to alleviate any concerns that the Fed needs to slow its tightening. The inflation rate measures released today reflect increasing infaltion rates or holding--in the best cases---steady inflation rates. The only good news in those reports was a decline in wage growth----which would tend to point toward a weakening consumer as well as slower future sales and consumption just around the corner at the macro-level. Not sure how stubborn inflation, likely continued Fed tightening, and a consumer with less cash in his pocket is positive news.