Whenever I see these morning sell off dips followed by gradual returns to where they started, I think to myself that a person could probably do nicely just say trading on that exact pattern. It’s almost every day that I see this happen to some degree with my stocks. The only risk is buying and it keeps going down but unless there’s really bad news, I see no reason why they would.
when i fucked around with robinhood for a few months back this is largely what i did when the market was largely in stasis with an upward trend, just always betting towards a regression to the mean i made money but it was a pain in the ass and i wasn't confident enough to do it with large enough amounts to make it worth it, also like you said one bad miss and all your gains are gone
To make it worthwhile you have to bet more money than I’m willing to lose on shit stonks. Unless you are just doing it for fun then go off.
One other caveat to your argument. Who really benefitted the most from the "American Dream" of home ownership. It was the banks.
I understand the argument about zoning and all the other things that hurt affordable housing. And generally think major changes should happen for more affordable housing. But real property will never ever be a depreciating asset.
for sure, and that's why i bought real estate as an investment vehicle, it's maybe my most pessimistic singular issue in the US its a very simple framework, people in the US view houses as assets so they act accordingly and try to stop anything that could theoretically diminish their value, similar to other markets people with, harm those without.
to carry your previous point forward. What is wrong with Joe Everyman (not talking about NIMBYs here) thinking that house values go up over time? You called it a 'toxic and destructive belief' on the previous page. I believe you've unfairly characterized all homeowners as NIMBYs
i very much talked about the growth of yimby power and hoping it continues, but i'm not optimistic due to the dynamics involved. locally where I live there has been quite a bit of yimby success i'm just unsure how long it can hold off the inevitable backlash. i hope im extremely wrong
for example its not real hard to get people to agree with yimby policies in the current housing environment where everybody is seeing big yoy value growth when those policies start paying dividends in slower housing value growth do those same people still onboard? are the societal bonuses enough to offset it?
They own ~80,000 units out of the 140M total housing units... https://www.vox.com/22524829/wall-street-housing-market-blackrock-bubble
https://seekingalpha.com/article/4436732-avoid-voo-s-and-p-500-sell-low-dividend-yield Thoughts? My retirement/brokerage portfolio is heavily weighted in VTI and VOO. I do agree that the dividend for VOO is low relative to the price.
Looking at my rollover IRA that is 40% in VOO. Sick! My Roth IRA is half in high dividend ETFs though, so not all bad?
I think he's talking about Biden's plan for high earner's capital gains being taxed at the top marginal rate but that's still a lot of awful takes.
Bogleheads would call those two holdings redundant. All of VOO is in VTI, and they’re correlated enough long term that you’re not really juicing your gains like you would say adding redundant exposure to a narrower/specific sector as opposed to the entire S&P.
I feel like I need to be in more sector specific ETFs. Then I start looking at them and hesitate whether it be due to higher expense ratios or seemingly poor performance vs S&P/QQQ/etc. I don’t mind the volatility.
I do it with my speculative funds… my retirement vehicles are just the boring three fund portfolio (would prob add VNQ if I weren’t directly invested in RE). My brokerage accounts I’m still mostly VTI, but I’ll rotate sector plays based on macro events/perception (commodities, miners, utilities, financials, consumer staples/discretionary) and try to be overweight sectors I like on longer time horizons ~5y (healthcare and tech) QQQm, VHT, VGT. I will say all the studies and literature I’ve read about sector rotation suggests most are still better off sticking with a boring portfolio. But I feel like major macro events (elections, pandemics) and obvious trends (tech disproportionately fueling growth, healthcare w/an aging unhealthy populous w/ no reforms in sight) are bets I’m comfortable with.
Headline: Robinhood’s IPO filing reveals Dogecoin helped its revenue skyrocket in 2021 Article Text: “34 percent of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin.” At the same time, revenue from cryptocurrency transactions went from 4 percent for the last three months of 2020 to 12 percent of its total revenue in the first three months of 2021.
Personal R.O.R. on retirement account is 37% over the last 12 months. If I only had more $$ in there.
Incredible isn’t it? The amount of money I’ve “earned” the last 18 months is insane to me. Still upset that my first year trying to invest at all was 2008 and I spent the next decade too scared to do much with my money. If only I’d found threads like this one five years ago…
I hope the number in 2001 was big enough to make 18% per year for 20 years mean you are sitting pretty.
Didn’t crack $10k until May of 2009. Put everything in WSTAX in 2010. NASDAQ has been good to me. $630k today.
12 years until I retire. 5 years from going a bit more conservative with investments. Hoping for $5m+ at 60. $20k a month for 40 years with 5% returns. I won’t live that long, but if I do I’m covered. Union pension and 401a can’t both go belly up right?
NorCal pension, 401a, Roth and 401k. Get NorCal defined benefit at 55. Tap the other 3 at 60 if necessary. I just plugged in what I thought I’d have saved.
Maxed out my 401k contributions, my employer match, and did a Roth IRA max for my wife and I. Suggestions on where to continue investing? My brokerage and 529 Plans were my next guess.
HSA if your plan qualifies. You can do a mega back door Roth if that is a possibility through your 401k provider. Outside of that yeah brokerage or 529.
Mega Roth may be called after tax contributions with Roth conversion in the 401k plan. Usually not called Mega Backdoor Roth.
Yes. You have backdoor Roth's with IRAs. You can't have a traditional IRA and do it though. It's the same $6000 limit. A Mega Backdoor Roth is aftertax 401k contributions that are converted to Roth and either stay in the 401k or are sent to a Roth IRA, depending on what the plan allows. My plan lets me convert them automatically but the funds stay in the 401k. This limit is $58,000-$19,500-employer match.
Sounds like a no brainer option after maxing out a backdoor Roth if phased out of regular Roth. Now I’m contemplating switching to a self employed 401k from the SEP to utilize that option.
Both you and your wife max out each of your 401k contributions? Finally got my wife to also max out hers after trying to talk her into it forever