Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 70 of 119
Quote:Remember not to rush yourself. Your small potatoes should be able to be transferred without substantial fees to whichever funds you eventually choose.
Originally posted by 6IXSTRINGJACK:
Sure. I'm going to take this seriously even though there isn't a lot of money in there. My goal during any bear markets would be to at the very least keep 100% of my contributions and the company match. If I could actually somehow make money off of that while I'm just starting out that would be great.
I will definitely be treating this as an educational experience as well. I didn't actually learn much while I was in the market the last time. I got in at a great time, made close to 30% on my investments year after year for 5 years at a place that was paying me a lot of money, matching 6% at 100%, and putting in a large profit sharing bonus on top of it. Then as if by some higher power intervention we got bought out and all of my winnings were put into a new company and on "hold" right before the bottom fell out and I didn't lose a dime of it.
Well.. I guess to say I didn't learn anything wasn't true. I did learn that you should never gamble with money that you need. I also learned that I'm not Wall Street hot shot and I didn't know nearly as much as I thought I did.
My extreme luck during that cycle was one of 3 major things that I contribute my current excellent situation to. Even though I was making great money at the time and I did a really good job of saving a lot of it, I never would have been able to afford my home 2 years after I was laid off if I hadn't done so well in the market.Quote:
Originally posted by JEWELSTAITEFAN:
I've seen funds with that $1 plan, all of them less than 9 years old. I would avoid them. Think about if you created that fund. You could collect other people's money, invest for the past 7 years, more than tripling your money, but never need to pay back any of it to investors in order to maintain that flat curve, and then when the Market eventually does go Bear, just say Oops! and close the fund, walking away with gobs of money made off of other people's money. I'm not even sure if that is a crime, and people less Fiscally Literate than you are considering giving that fund their hard-earned money. That is even more profitable than a Ponzi Scheme, and perhaps Legal.
I was actually thinking about this after reading your post and replying to it yesterday.
If they can't guaranty that they will keep the fund at least $1.00, then why the hell should I be putting my money in there when it never goes much over $1.00.
I've got about $38 in there right now since my check went through and I was able to verify that it is set up right. I'm going to do my research and decide where I want to put the money going forward before my next check.
Thanks for the info.
Do Right, Be Right. :)
You want to be thorough and careful to evaluate and select the proper sets of funds. Get your plan in order, get it all set the way you think it will work best for you.
You should also make notes about what your actual plan is, for you to review in the future, so you don't need to deep dive for the data like you are about to, all over again at that future date.
Your notes to your future self should include which funds you plan to use to start. What you expect those funds to do, and not do. How often you plan to check the Market - every 3 months, each month, what? What part of the Market are you going to check, to keep yourself abreast - DJIA, SPX, NASDAQ, the specific ticker symbols/abbreviations for the funds you have money in? Or include the symbols for each of the funds that you had selected as your group to utilize in your plan, even if you don't have money in them - to make sure they are behaving the way you envisioned they would when you selected them.
What are the actual criteria you will be looking for, to know when to enact your transfers, your strategy? B
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6ix, I am not sure if you are aware of this practice.
Let's say you put in either all or half of your regular contribution, into a gaining fund - pretend you have DJIA Index available.
Periodically, you can evaluate what percent that fund increased since the last time you transferred, and take that percent, that amount of gain, and hide it in your Safe Fund.
You could do that every 6 months or so, or when you hear the Market has hit a peak, such as this past January, and again in August.
With this method, you let some of your money ride, accumulate gains, and then tuck it away invulnerable to Market loss because it is in your Conservative fund, which you expect to lose less value than the riskier funds.
If you put 100% of your contribution in, your gains are double, and then secreted away with minimal risk/exposure. If you put 50% in each as contributions, then your thinking might be that the risky half is the matching half, and yet you still Coup those gains and hide them in your Safe Fund - thus supplementing the "your original money" half.
Some people refer to that collecting of frothed peak as Profit Taking. Which is preserving their gains.
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Double posty. Ignore.
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Markets bounced around today.
Dow closed at 25,250. This is 5.9% off the Record All-Time High.
The other 2 Major Indices lost greater percent, even more than double.
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Quote:Also, this practice is used in gambling, I don't recall the name for it.
Originally posted by JEWELSTAITEFAN:
6ix, I am not sure if you are aware of this practice.
Let's say you put in either all or half of your regular contribution, into a gaining fund - pretend you have DJIA Index available.
Periodically, you can evaluate what percent that fund increased since the last time you transferred, and take that percent, that amount of gain, and hide it in your Safe Fund.
You could do that every 6 months or so, or when you hear the Market has hit a peak, such as this past January, and again in August.
With this method, you let some of your money ride, accumulate gains, and then tuck it away invulnerable to Market loss because it is in your Conservative fund, which you expect to lose less value than the riskier funds.
If you put 100% of your contribution in, your gains are double, and then secreted away with minimal risk/exposure. If you put 50% in each as contributions, then your thinking might be that the risky half is the matching half, and yet you still Coup those gains and hide them in your Safe Fund - thus supplementing the "your original money" half.
Some people refer to that collecting of frothed peak as Profit Taking. Which is preserving their gains.
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I just noticed Dow has not been below 22,886 for 52 weeks.
That is 14.7% off the peak of 26,828. So dropping to the threshold of 15% is more than a year in the past for that level.
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Dow closed today at 25,798.
All 3 indices rose between 2.14 and 2.9%
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Dow closed yesterday at 25,706.
Dow closed today at 25,359.
Sounds like China stocks are in selloff. Doesn't sound like a bad thing long term.
And some Fallout from that Saudi Murder kerfuffle. Mnuchin cancelling his trip to Rihayd for the Saudi Summit.
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I'm getting more credit card offerz. A symtom uv the last crash.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Dow closed today at 25,444. This is the 71st day in a row over 25K.
Next Friday, 26 Oct BEA releases the report on the Economy, with the new GDP data, estimating the full FY2018.
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