Author Topic: Investing and personal finance  (Read 130989 times)

ThisisOverload

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Re: Investing and personal finance
« Reply #325 on: September 22, 2020, 03:45:59 PM »
Some good ideas here:

Mr. Money Mustache

https://www.mrmoneymustache.com/

Interesting read.  Not finished but i read a bit of it.  Some principles similar to Dave Ramsey.

FitnessFrenzy

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Re: Investing and personal finance
« Reply #326 on: October 02, 2020, 10:55:22 PM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #327 on: October 03, 2020, 11:49:12 PM »

IroNat

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Re: Investing and personal finance
« Reply #328 on: October 20, 2020, 03:25:15 AM »
Many stock investors are too young to remember Black Monday in October 1987

https://www.marketwatch.com/story/many-stock-investors-are-too-young-to-remember-the-october-1987-market-crash-why-thats-a-problem-2020-10-19?mod=home-page

"At some point over the next century, the stock market will lose more than 20% of its value in a single day. Maybe this doesn’t seem like useful advice, but the fact is that you’re kidding yourself if you think market crashes of such magnitude won’t happen again."

SOMEPARTS

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Re: Investing and personal finance
« Reply #329 on: October 20, 2020, 08:43:55 AM »
If Biden wins more like 40% in one day.

IroNat

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Re: Investing and personal finance
« Reply #330 on: October 21, 2020, 03:59:35 AM »
"Everyone has the brainpower to make money in stocks. Not everyone has the stomach." --  Peter Lynch

FitnessFrenzy

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Re: Investing and personal finance
« Reply #331 on: October 23, 2020, 05:23:13 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #332 on: October 24, 2020, 06:13:36 AM »

IroNat

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IroNat

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Re: Investing and personal finance
« Reply #334 on: October 27, 2020, 07:31:44 AM »
The inventor of the ‘4% rule’ just changed it.

https://www.marketwatch.com/story/the-inventor-of-the-4-rule-just-changed-it-11603380557?mod=home-page

"That’s the principle that if you want to make sure your retirement savings last at least as long as you do, you should budget to spend no more than 4% of the balance in the first year—and then just adjust the amount each year in line with inflation."

IroNat

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Re: Investing and personal finance
« Reply #335 on: October 27, 2020, 08:08:25 AM »
S&P 500 Return Calculator, with Dividend Reinvestment

https://dqydj.com/sp-500-return-calculator/

FitnessFrenzy

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Re: Investing and personal finance
« Reply #336 on: October 30, 2020, 11:30:25 PM »

IroNat

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Re: Investing and personal finance
« Reply #337 on: November 24, 2020, 10:43:08 AM »
Dow crosses 30,000 mark for the first time in history

https://nypost.com/2020/11/24/dow-jumps-433-points-to-break-30000-for-first-time-ever/

"The Dow Jones industrial average surged past the 30,000 mark for the first time in history on Tuesday as Wall Street welcomed good news on coronavirus vaccines and a key step toward a peaceful transfer of power in Washington."



Gregzs

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Re: Investing and personal finance
« Reply #338 on: November 27, 2020, 07:13:51 PM »
Joe Biden’s Ambitious Tax Plan Faces Reality


FitnessFrenzy

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Re: Investing and personal finance
« Reply #339 on: December 03, 2020, 07:47:15 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #340 on: December 06, 2020, 01:21:41 PM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #341 on: December 18, 2020, 08:21:00 AM »

IroNat

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Re: Investing and personal finance
« Reply #342 on: December 18, 2020, 09:30:19 AM »
I recently heard a comparison made between Amazon and the order-by-catalog titans of yesteryear....Montgomery Ward and Sears.

The platform (internet vs. mail order) is different but the concept is pretty similar.

Shop from home...we deliver to you.

I'm old enough to remember the thick Sears catalog (JC Penneys had one too).  The Sears catalog had everything...bikes, power tools, clothes, toys, furniture, you name it.

I remember as a kid (early 1960s pre-mall) ordering a toy plane from Sears and after a few weeks, picking it up at the Sears order department.
At one time you could even buy pre-fab houses from Sears.  Many of these houses are still around if you know what to look for.

At some point Sears went whole-hog on the Mall store and did away with the catalog.

Amazon has brought it back in electronic form.

Both Sears and Montgomery Ward were headquartered in Chicago.  MW had a huge warehouse there which still stands.


ThisisOverload

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Re: Investing and personal finance
« Reply #343 on: December 18, 2020, 11:29:44 AM »
I remember my grandparents had that massive Sears catalog on their coffee table when i was really young.

Things have changed so much it's crazy.

My grandmother still to this day will not order anything online, she doesn't think it's safe. Then she gets upset when she calls the store and they tell her they don't take orders over the phone.

Kront0

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Re: Investing and personal finance
« Reply #344 on: December 21, 2020, 08:30:28 AM »
Now the situation is very difficult, and many were left without income, so there is nothing to invest. I'm not an exception. So I had a lot of free time and decided to try my luck at free online pokies . I really liked that you can play for free and easy navigation on the site. At first I played just for fun, but now it has become my hobby, because the wide variety of games does not let you get bored. Try it.

sync pulse

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FitnessFrenzy

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Re: Investing and personal finance
« Reply #346 on: December 24, 2020, 02:54:04 AM »
MW and Sears had very strong businesses before online shopping.

IroNat

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Re: Investing and personal finance
« Reply #347 on: December 24, 2020, 04:30:01 AM »
MW and Sears had very strong businesses before online shopping.

Both companies went down the tubes before online shopping.

https://en.m.wikipedia.org/wiki/Montgomery_Ward

"Bankruptcy, restructuring, and liquidation

In 1997, the logo was changed to simply "Wards" which was used until the chain liquidated in 2001.

By the 1990s even its rivals began to lose ground to low-price competition from Kmart, Wal-Mart, and especially Target, which eroded even more of Montgomery Ward's traditional customer base. In 1997, it filed for Chapter 11 bankruptcy, emerging from protection by the United States Bankruptcy Court for the Northern District of Illinois in August 1999 as a wholly owned subsidiary of GE Capital, which was by then its largest shareholder. As part of a last-ditch effort to remain competitive, the company closed over 100 retail locations[19] in 30 U.S. states (including all the Lechmere and Electric Avenue stores),[20] abandoned the specialty store strategy, renamed and rebranded the chain as simply Wards (although unrelated, Wards was the original name for the now-defunct Circuit City), and spent millions of dollars to renovate its remaining outlets to be flashier and more consumer-friendly. GE Capital reneged on promises of further financial support of Montgomery Ward's restructuring plans.[21]

On December 28, 2000, after lower-than-expected sales during the Christmas season, the company announced it would cease operating, close its remaining 250 retail outlets, and lay off its 37,000 employees. All stores closed within weeks of the announcement. The subsequent liquidation was at the time the largest retail Chapter 7 bankruptcy liquidation in American history (this would be later surpassed by the 2009 and 2018 store closures of Circuit City and Toys 'R' Us). Roger Goddu, Montgomery Ward's CEO, received an offer from JCPenney to become CEO, but he declined under pressure from GE Capital. One of the last closing stores was Salem, Oregon, the location of its human resources division. Montgomery Ward was liquidated by the end of May 2001, ending a 129-year enterprise."

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Re: Investing and personal finance
« Reply #348 on: December 24, 2020, 08:29:08 AM »

FitnessFrenzy

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Re: Investing and personal finance
« Reply #349 on: December 25, 2020, 07:15:37 AM »