DOW 30000

[Up In Smoke]

Cost average investing (buy and hold) into the Nasdaq instead of the S&P would have netted you 34% return over the same period.

 

[Up In Smoke]

I don't think you can do that in your 401k plan

Through a self managed account you can protect your buy and hold long positions.

 

[IVE GOTTA PACKAGE 4U]

Through a self managed account you can protect your buy and hold long positions.

How much is a self-managed account charge? I used to have one years ago but the fees was expensive for trading stocks

 

[oldngray]

How much is a self-managed account charge? I used to have one years ago but the fees was expensive for trading stocks

I tried the self managed account when they first started and it was definitely more expensive than just leaving it in one of the funds. I don't remember how much they charged but you were forced to use just one higher cost broker.

 

[IVE GOTTA PACKAGE 4U]

I tried the self managed account when they first started and it was definitely more expensive than just leaving it in one of the funds. I don't remember how much they charged but you were forced to use just one higher cost broker.

I don't use it anymore. Any stock trades I make is in my Roth IRA

 

[oldngray]

I don't use it anymore. Any stock trades I make is in my Roth IRA

They had a yearly fee in addition to trade costs too. When I retired I had to sell everything and go to cash when I rolled over my money into an IRA.

 

[IVE GOTTA PACKAGE 4U]

They had a yearly fee in addition to trade costs too. When I retired I had to sell everything and go to cash when I rolled over my money into an IRA.

Well that certainly sucks

 

[oldngray]

Well that certainly sucks

You can't transfer stocks in a roll over. Got to convert to cash first.

 

[IVE GOTTA PACKAGE 4U]

You can't transfer stocks in a roll over. Got to convert to cash first.

I guess you had liquidate all your other funds also?

 

[oldngray]

I guess you had liquidate all your other funds also?

Yeah the other funds are easily converted to cash

 

[IVE GOTTA PACKAGE 4U]

Yeah the other funds are easily converted to cash

I'm definitely pulling my money out when I retire

 

[oldngray]

I'm definitely pulling my money out when I retire

roll over is the way to go. Silly to leave it in a company run 401k when you are no longer contributing to it.

 

[IVE GOTTA PACKAGE 4U]

roll over is the way to go. Silly to leave it in a company run 401k when you are no longer contributing to it.

Plus you have a lot more choices

 

[oldngray]

Plus you have a lot more choices

I got an IRA linked to my bank and can invest anywhere. I use Vanguard a lot. Plus I get extra perks from my bank for having it.

 

[IVE GOTTA PACKAGE 4U]

I got an IRA linked to my bank and can invest anywhere. I use Vanguard a lot. Plus I get extra perks from my bank for having it.

Very nice

 

[Up In Smoke]

How much is a self-managed account charge? I used to have one years ago but the fees was expensive for trading stocks

Most trades are just a few bucks, so today I had a couple stocks sell when they hit my stop/loss (Apple, Tesla and Nvidia) price. So for less than $20.00 I saved $3-4 grand in loses. Now I will set a buy order for those same stocks at a lower share price. I usually set my sale/buy orders at 5-7% increments. I also like to buy options that are in the money when stocks move more than 12-15%. I never catch the bottom or the top, but I can make a nice return in a choppy market. Because I have long positions of UPS through payroll deduction, I trade them 2-3 times a week and usually to the short. I would say I bought and sold UPS 50 plus times this year.

 

[DriveInDriveOut]

Very nice, too bad 98% of that gain was from 9/1/19-3/1/20 and the last 6 months have been a push. Stop loss trades and options could have doubled that return.

Cost average investing (buy and hold) into the Nasdaq instead of the S&P would have netted you 34% return over the same period.

Most trades are just a few bucks, so today I had a couple stocks sell when they hit my stop/loss (Apple, Tesla and Nvidia) price. So for less than $20.00 I saved $3-4 grand in loses. Now I will set a buy order for those same stocks at a lower share price. I usually set my sale/buy orders at 5-7% increments. I also like to buy options that are in the money when stocks move more than 12-15%. I never catch the bottom or the top, but I can make a nice return in a choppy market. Because I have long positions of UPS through payroll deduction, I trade them 2-3 times a week and usually to the short. I would say I bought and sold UPS 50 plus times this year.

Cool story bro.

 

[Up In Smoke]

Cool story bro.

Making dimes doing something that I enjoy. I would never piss on anyone trying to better their position.

 

[Jumpin Jack Flash]

Now that the stimulus talks have stalled, the Dow is tanking. @newfie created this thread almost a year ago. The Dow hasn’t sniffed anything close to 30,000.

 

[Old Man Jingles]

Sell, sell, sell!
I’m moving my 401k in to a Fed Monetary fund.

Looking like a good move at this point.
DOW was ~28,400 when I made my move into a Fed Monetary fund ... 26,500 today.
It will go lower if Biden wins.