bottomups
Bad Moon Risen'
So are my CD's.
401K
- Thread starter Captfrankie
- Start date
Babagounj
Strength through joy
I never saw any value in compact disc's.
oldngray
nowhere special
Better than 8-tracks
Over70irregs
Well-Known Member
As it rises our fiat gets weaker. Something is better than nothing.
ManInBrown
Well-Known Member
I’m 100% s&p. You literally cannot lose. Will it go down at times? Absolutely. Will there be years you get smoked? Yes. Will it go back up? Absolutely. The only way you lose everything is if there is a nuclear war and at that point who cares. You’re dead. I’ll pull it out and drop it in something stable 2 years before retirement.
At the end of the day it’s craps and giggles money. I know plenty of drivers that put zero in and never plan on putting anything in. You couldn’t be dumber. I vary year to year somewhere between 10%-14%. All Roth. We get a pension. SS. There’s no way I don’t have $500k-$600k when I retire. Everyone should be all s&p. Long term you cannot lose.
1-1-2023/1-1-2024 +20.84%
1-1-2024/current +5.01%
1-1-2022/1-1-2023 -15.11%
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It's easier to do that while you're younger
7% of your portfolio will be in Microsoft.
6% in Apple.
4.5% in Nvidia.
2.5% in Facebook.
That's 20% of your holdings in tech stocks that are in the middle of an AI mania bubble.
Just saying.
ManInBrown
Well-Known Member
Doesn’t matter. And in two years where will be new kids on the block blowing up. It’s all a big game for the elites to make money. I’m just riding on their backs. So the s&p and some point retraces to 2000? Lololol. You really don’t believe that, do you? Again, long term, YOU CANNOT LOSE.
Anyone giving investing advice with the tagline that you cannot lose is either ignorant or selling snake oil.
I say this as someone who invests fairly heavily in index funds.
The magnificent seven makeup over 28% of the earnings for S&P 500
Over70irregs
Well-Known Member
Over70irregs
Well-Known Member
ManInBrown
Well-Known Member
Good,when it crashes I’ll be buying on the cheap for half a decade
Over70irregs
Well-Known Member
Chips can always be copied and replaced. Stock = rehypothecation. Money…. digitized copy paste.
ManInBrown
Well-Known Member
Again, I will repeat when you are playing the long long game with the market you cannot lose. It is a rigged system for the elites. I’m just a peasant along for the ride. Very much akin to a guy on a skateboard grabbing onto the back bumper of a car. Hang on, it might be bumpy. There’s one scenario where you lose, Putin presses the button. That’s it.
DELACROIX
In the Spirit of Honore' Daumier
Putin pressing a button is one of the reasons that I will never vote for Biden for the second term. These despots only respect strength and might make a stupid decision based on our current feeble presidency. Even if Biden gets re-elected you have Harris as an option..an liberal woman no matter her skin tone will not prevent these A Holes from starting WW III…
After the missiles start flying all this stupid WOKE business will not mean squat…
Over70irregs
Well-Known Member
No WWIII they are too narcissistic for that. It’s a $ battle and nothing more. We do know higher powers are talking about your 401k tax advantages.
Up In Smoke
Well-Known Member
Over70irregs
Well-Known Member
Does this mean our dollars are getting weaker?……..
Up In Smoke
Well-Known Member
Depends where they're invested.
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