|
01-21-2020, 03:14 PM | #45 | |
Banned
7919
Rep 1,923
Posts |
Quote:
I also found it curious that a greater than 13 month term but less than 18 months would earn less annualized than a 12 month term. But yes, good rates and I know where you are referring to. |
|
Appreciate
1
Rmtt8201.00 |
01-22-2020, 07:44 AM | #48 |
Private First Class
229
Rep 198
Posts |
|
Appreciate
0
|
01-22-2020, 10:01 AM | #49 | |
Captain
321
Rep 905
Posts |
https://prosperion.us/commentary/mee...-market-timer/
Quote:
|
|
Appreciate
2
3798j12968.00 DriverDaily229.00 |
01-22-2020, 10:08 AM | #50 |
Colonel
3812
Rep 2,112
Posts |
Tons of ppl i know pulled out 1st and 2nd quarter of last year (2019) bec of recession speculation, China trade war etc.
Nobody truly knows what will happen and nobody can time the market. Make sure you have liquid funds (cash) to support 12-24 months of living expenses. Everything else should be invested. |
Appreciate
1
MisterF80M31068.50 |
01-22-2020, 03:00 PM | #52 | |
Lieutenant
607
Rep 534
Posts |
Quote:
So Im 34, i have about 500k in assets, that's 100k cash, 250k house equity, and 200k in 401k. And im a slum lord in north western CT, though this is more of a liability then an asset time has proven I have been maxing out my 401k for last 4 years. These gains were strictly from blue chip fund gains. As far as other accounts i do not. But i dont think I'm doing to poorly for my age. Oh yeah i drive an ///m car which we all know is the true measure of financial success
__________________
Last edited by bimmerfrk; 01-22-2020 at 03:21 PM.. |
|
Appreciate
0
|
01-22-2020, 03:16 PM | #53 |
Private First Class
229
Rep 198
Posts |
1.5%-1.8% is not low risk, it's the risk free rate. And it doesn't get much more subjective than using words like "low," "medium," and "high." If you say you want "low risk" your investment advisor is not going to come back with a 100% t-bill portfolio unless you are also retired.
|
Appreciate
0
|
01-22-2020, 03:30 PM | #54 | |
Major General
5922
Rep 5,516
Posts |
Quote:
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
|
|
Appreciate
2
IllSic_Design2125.00 chassis7898.00 |
01-22-2020, 03:50 PM | #55 |
Brigadier General
5506
Rep 3,310
Posts |
|
Appreciate
0
|
01-22-2020, 03:53 PM | #56 |
Run Deep
15087
Rep 4,123
Posts Drives: Back and Forth To Work Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
__________________
Don't sweat petty things....or pet sweaty things.
|
Appreciate
1
chassis7898.00 |
01-22-2020, 03:59 PM | #57 | |
Major General
5922
Rep 5,516
Posts |
Quote:
Sounds like you're doing ok. I say ok because you do live in a pricey part of the country and you didn't provide your net worth, just your assets. Regardless, you're still ahead of the majority for you're age assuming you're not carrying some huge note on a home in a terrible area. Maxing your 401K is a solid choice assuming you've got good investment options, the match is good, etc. I'd definitely look into other investment options too like a Roth, brokerage, etc. I do agree that a correction is coming in the near future (i.e. sometime between next week and deep into 2021 ), but you're young. You have lots of time to make back losses. You will get lit up in the investment world. That's inevitable. You'll have a few big losses followed by a lot HUGE gains assuming you're well invested and smart. As others have noted, timing the market is crazy difficult. I've lost massive sums of money over the past 25 years in the market. However, I never sold during the crashes and stuck to my plan. The only things that changed was that I wised up with the things I was invested in. I'm 45 and I'm well aware that I'll likely lose 20-30%, maybe worse, of my portfolio's value sometime in the next 2 years. I also know that in the 2 to 5 years following I'll make back all of it plus another huge sum. The only thing I'm doing in preparation to ease the pain is that I plan to sell a small portion of my portfolio in the near future and the proceeds will then serve as my "war chest" when the market tumbles so that I can purchase blue chips and similar at highly disconnected prices. My Roth, company 401k, traditional IRA, and brokerage account are heavily invested in S&P 500 index funds (~65%) and ~15% in Berkshire Class B and the remainder in a handful of bond, money, small cap funds, and random stocks (for fun). It's done extremely well for me over the years.
__________________
The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
|
|
Appreciate
0
|
01-22-2020, 04:55 PM | #58 | ||
Lieutenant
607
Rep 534
Posts |
Quote:
The misses and I bring in roughly 310k a year. So I'm not concerned about the note unless I kick the bucket since I earn 2 thirds of the annual income. Other than that just basic debt some credit under 10k and vehicle payments and lease payments.
__________________
|
||
Appreciate
0
|
01-22-2020, 06:20 PM | #59 | |
Colonel
7898
Rep 2,485
Posts Drives: 9Y0 Cayenne S Join Date: Mar 2019
Location: Einbahnstraße
|
Quote:
|
|
Appreciate
0
|
01-22-2020, 07:35 PM | #61 | |
Brigadier General
11803
Rep 4,870
Posts |
Quote:
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82 |
|
Appreciate
0
|
01-22-2020, 10:13 PM | #62 | |
Captain
321
Rep 905
Posts |
Quote:
That's exactly what my dad does. Most of his money is still in the market but he has a small amount in cash for that reason. |
|
Appreciate
0
|
01-22-2020, 10:19 PM | #63 | |
First Lieutenant
275
Rep 305
Posts Drives: BMW M235i Join Date: Jun 2019
Location: Seattle, WA
|
Quote:
You're doing pretty good (better than the average American for sure but that's not really saying much) but I'd definitely be maxing out a Roth IRA via backdoor Roth for both you and your wife if I were you. Silly to not take advantage of all that is available to you. |
|
Appreciate
0
|
01-23-2020, 09:53 AM | #64 | |
Lieutenant
607
Rep 534
Posts |
Quote:
__________________
|
|
Appreciate
0
|
01-23-2020, 09:56 AM | #66 | |
Lieutenant
607
Rep 534
Posts |
Quote:
__________________
|
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|