Author Topic: Investing and personal finance  (Read 119553 times)

SOMEPARTS

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Re: Investing and personal finance
« Reply #275 on: April 11, 2020, 08:16:12 AM »
That's good advise. I would exhaust every available option I had before I thought about touching it. I think I would have to be on the verge of being homeless




Ah, so....given all the money printing and Fed totally into the equity and capital markets as a buyer of last resort - you believe the current system is going to be in place in say 30 years?

No problem with the above - just do the same as you've always done even though it is all changing at a fundamental level?

You believe the company valuations are accurate then? You believe the risk is the same as well?

IroNat

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Re: Investing and personal finance
« Reply #276 on: April 11, 2020, 10:58:01 AM »



Ah, so....given all the money printing and Fed totally into the equity and capital markets as a buyer of last resort - you believe the current system is going to be in place in say 30 years?

No problem with the above - just do the same as you've always done even though it is all changing at a fundamental level?

You believe the company valuations are accurate then? You believe the risk is the same as well?

Don't over-think.  Change is constant.  Adapt.

Save and invest using generally accepted principles.


SOMEPARTS

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Re: Investing and personal finance
« Reply #277 on: April 11, 2020, 11:05:59 AM »
Don't over-think.  Change is constant.  Adapt.

Save and invest using generally accepted principles.




Missed the point of the post and regurgitated the same thing 007 said.

Agnostic007

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Re: Investing and personal finance
« Reply #278 on: April 11, 2020, 12:38:08 PM »

Missed the point of the post and regurgitated the same thing 007 said.

If you want to tap into your 401K and take advantage of penalty free options, have at it. I stated my opinion on it. My philosophy worked for me. It might not be the case for every situation out there. During my career while I was building my retirement fund, I encountered situations where it was tempting to access my savings, one occasion was after a divorce. Starting over was a financial struggle and it would have been easy to dip into my retirement but I chose to struggle through it and discovered most "emergencies" are temporary and can be solved in other ways. Fast forward to 2016 and because I didn't draw from my account and it was allowed to grow exponentially, I could comfortably retire at 53. But again, I am no expert, I just know what worked for me and what the majority of financial advisers will say. If you disagree, no heartburn here.

IroNat

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Re: Investing and personal finance
« Reply #279 on: April 11, 2020, 02:23:16 PM »

Missed the point of the post and regurgitated the same thing 007 said.

Because that's the answer.

Save your money and invest it using common sense using generally accepted principles.

Don't concern yourself with "what if's".


FitnessFrenzy

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Re: Investing and personal finance
« Reply #280 on: April 12, 2020, 03:15:48 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #281 on: April 19, 2020, 04:36:45 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #282 on: April 19, 2020, 11:11:26 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #283 on: April 22, 2020, 08:29:15 AM »

Feth

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Re: Investing and personal finance
« Reply #284 on: April 30, 2020, 11:52:45 AM »
Is it still worth investing in crypto? I mean the current situation in the world is unpredictable and it's really difficult to manage investments. Personally, I stopped investing and just wait for better times. The only way I earn bitcoins now is by playing bitcoin gambling sites. By the way, if you are interested in too, here is the list of reliable sites https://casinobetsites.com/

SOMEPARTS

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Re: Investing and personal finance
« Reply #285 on: April 30, 2020, 02:01:48 PM »
Is it still worth investing in crypto?



Yes, and Tesla.

FitnessFrenzy

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Re: Investing and personal finance
« Reply #286 on: May 02, 2020, 02:37:04 AM »
can someone explain to me how the current bitcoin halvening works?



IroNat

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Re: Investing and personal finance
« Reply #289 on: May 09, 2020, 04:50:12 AM »
this is completely crazy:




Corporate profits will be up now that all the deadwood employees have been cut.

SOMEPARTS

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Re: Investing and personal finance
« Reply #290 on: May 10, 2020, 07:06:09 AM »
Corporate profits will be up now that all the deadwood employees have been cut.



Yeah, maybe...for some companies...for one quarter. Then what?

The demand destruction will be breathtaking when(if) they stop sending out this free money to people.

If the new normal is sending people a couple grand a month to sit in their apt and watch netflix that would be the biggest seizure of power by the govt and corps ever imagined. Middle class destroyed, totally.

Rambone

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Re: Investing and personal finance
« Reply #291 on: May 11, 2020, 07:44:17 AM »
this is completely crazy:




The market is always forward looking. The huge drop was the anticipation of the current jobs numbers and the rally is off improving health data and anticipating states reopening. Think of when companies report earnings and solidly beat their profit and revenue numbers, but the outlook isnít positive. The stock usually sells off hard. Itís not as crazy as it looks.

FitnessFrenzy

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Re: Investing and personal finance
« Reply #292 on: May 17, 2020, 03:16:47 AM »

Onfayno

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Re: Investing and personal finance
« Reply #293 on: May 26, 2020, 12:27:44 PM »
What about cryptocurrency?

IroNat

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Re: Investing and personal finance
« Reply #294 on: May 26, 2020, 12:58:08 PM »
I didn't sell any of my index equity funds and now the S&P is back up to around 3,000.

If you dumped your stocks you blew it.

Rambone

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Re: Investing and personal finance
« Reply #295 on: May 27, 2020, 05:32:25 PM »
I didn't sell any of my index equity funds and now the S&P is back up to around 3,000.

If you dumped your stocks you blew it.

Smart man. People act very irrationally when theyíre fearful.