you do you, but the only way for the average person to be successful in this is to commit to a horizon of 10, 20, 30 years. Stressing out over it daily is a) making your decisions emotional and b) not going to do anything. If you want out, by all means. Just know that your perceived failure is not for a lack of “having it”, it’s because you are choosing to judge Lebron James based on watching him play one quarter of a game and not his 15+ year career.
I've no idea what I gained or lost in the past week or month as far as long-term savings. How do ya'll have a quick snapshot of all accounts to see daily gain/loss? Or you're just talking about 1 particular account?
Rich people don’t watch their 401k. They stick to a diversified plan and don’t look again. 90% are talking about their gambling account. Including myself. Which I’ve personally been an idiot waiting out the semis to bounce back. Bad move.
I use Personal Capital as an account aggregator. Quick way to see across all accounts. You can also use it to see the % breakdown across caps and US/International for all of the accounts.
99% of the time I'm referencing my TD Ameritrade brokerage account that is just another version of gambling for me. I have a Private Wealth Advisor that manages my serious stuff.
Most people can’t read technical analysis properly. also fwiw- academics swear it’s bullshit. But I see it quoted all the time on CNBC so tifwiw.
One day, whether it be tomorrow or next year, the market will crash and Hank will claim victory and I’m here for it.
all my accounts are very similarly invested but i usually reference my taxable account (that is designed for retirement and I should just ignore it and this thread)
Take a look at LLIT. I’ve been holding that for a while look what happened in after hours after I dumped it earlier some people just don’t have it Unbelievable
You should put a percentage of what you had in back in the market at the next dip and just don't look at it for 20 years.
Man, you sound so defeated. I'm not entirely sure of your situation, but to pull completely out of the market is bad. I have a normal brokerage account that I use for my stock gambling. I have about about 15 stocks in that account that are in the red. It sucks. Just holding and hope it goes green. If you don't want to penny gamble, that makes sense. However, I hope you're not pulling entirely out of the market. I still have my IRA, Roth IRA and Schwab managed account for long term hold and returns.
Who says I sold everything, I'm not even sure what you're trying to say with the part in bold. I've fully admitted that I'm the issue multiple times in thread. So you can take your bullshit elsewhere.
I'm relatively new to all of this, so this is probably going to sound naïve, but I can't find a good answer... I have a few modest ETF positions in an individual Schwab account that I've been adding into over the past few months. I plan to continue doing this long term. I recently started a Roth IRA as well. Would it make any long term sense to sell the positions in the individual account and then rebuy them in the IRA account (understanding the risk of loss of value during the transition)? Or does it not really matter, and I should keep them where they are?
My rudimentary understanding: Selling the ETFs in your individual account right now would trigger a taxable event (at your current income rate since it's less than a year) Gains you make in a Roth IRA are not taxable I would say leave the ETFs in the individual account and start building larger ETF positions in your Roth.
So earlier I was asking about $500 I was prepared to fully lose. I put that into HOMZ. Let's say I have 5k sitting in savings that I do NOT want to lose. But at the same time... Would rather it work a bit more for me than it is just sitting in savings. Any recommendations? Thinking about an S&P index fund? Or is that a bad move right now?
Good question and I meant to include it would be money that I wouldn't need to touch until retirement. I'm 38. Would plan on doing this from my Schwab brokerage account but not sure if it would make more sense to open an IRA?
I do not. I have a 401k with my employer and have it setup with retirement target date for a certain percentage of my contributions, and then a very aggressive allocation for the rest of my contributions. And just recently opened the brokerage account with Schwab.
if you meet income guidelines just open a roth ira, makes any gains non taxed in retirement if you don't its slightly more complicated but can do a backdoor roth
Let's say I go the Roth IRA route... 1 - you see any issues with an index fund as mentioned above? 2 - any recommendations who to open the Roth IRA with?
i have my roths with vanguard, but thats largely because they make it very easy to do backdoor roths an index fund would be fine, for long term retirement stuff i'm partial to bogleheads methodology https://www.bogleheads.org/wiki/Three-fund_portfolio#Vanguard_funds its very straightforward and empirically sound.
May want to take a deeper look at the other funds. I have found the target date fund tend to underperform compared to others. Assuming you can tolerate a little more risk.
S&P 500 ETF is never a bad option for long term investing. Just throw it in there don’t worry about timing with such a long horizon.
I probably did an awful job explaining it but yeah in my 401k I have some of my contributions allocated to a target date and then some to higher risk funds
Target date funds suck assholes My kids' 529s are in target date funds for a few reasons and they've way underperformed.
If you’re trading solely on TA you’re probably a moron. If you don’t do any TA at all you’re also probably a moron. Enough people use it that it becomes self fulfilling sometimes and is a another tool to find entry points based on volatility and price trends.
VTI *In a Roth IRA as others recommended. My taxable accounts are still heavy VTI/VEU. I don’t really have much exposure to bonds since I’m overweight real estate.