Why people still bank with WF, BOA, etc is beyond me’wells Fargo’, ‘hot tip’, ‘800 number’, you might want to go somewhere else for advice lol. You could just join Reddit and start buying options. Don’t sell options though.
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Why people still bank with WF, BOA, etc is beyond me’wells Fargo’, ‘hot tip’, ‘800 number’, you might want to go somewhere else for advice lol. You could just join Reddit and start buying options. Don’t sell options though.
Sell and then do what? 100% stocks 100% of the time and stay the course is the only long term solution.This thread is a giant sell signal.
It kills me when people tell me they lost money.Sell and then do what? 100% stocks 100% of the time and stay the course is the only long term solution.
yupIt kills me when people tell me they lost money.
You only lost money if you sell the stock. If you hold for a long time good chance it grows
That guy was smart and enlisted the help of Financial Pros early. Because of his wealth, income, and connections he was able to invest in early seeding rounds of alot of tech companies before they went public. I have a few friends in that universe and they tell me they have ten plus losers for every winner, but that one winner makes mega millions.Ashton Kutcher had a segment on the news yesterday talking investment strategies SMH
There are some creative alternatives. But you have a point. Where to run? Our dollar is looking like it is going to go in the crapper. Which probably means your taxes are going up more than expected and obviously everything else will cost more as well. Real estate sure looks like a bubble, but I've been saying that for some time now and it just keeps going.Sell and then do what? 100% stocks 100% of the time and stay the course is the only long term solution.
Sorry about your dogThere are some creative alternatives. But you have a point. Where to run? Our dollar is looking like it is going to go in the crapper. Which probably means your taxes are going up more than expected and obviously everything else will cost more as well. Real estate sure looks like a bubble, but I've been saying that for some time now and it just keeps going.
The giant sell signal thing is kind of a modern day play on an old Wall Street "truism." When I was but a wee PM sitting at the feet of noted investment sages, it was told to me that, "When NY cab drivers are giving out buy side stock tips (or asking for long stock tips) SELL."
I haven't seen a yellow cab in a loooong time, but stock market threads on the erBB have provided accurate short term sell records at least two times that I can think of. It's a contrarian indicator obviously. With old surfers on the internet standing in for the cab drivers of the 50's, 60's, etc. An update as it were.
The stuff I have has been held for decades. And it's not going anywhere without some kicking and screaming.
It's easy for me to get pretty black about this right now. I haven't slept for a few days and my dog died in my arms yesterday, so maybe things look brighter to me down the road. Probably they will. When I was in my early 30s I would listen to these "gurus" that would make compelling cases for absolute economic anarchy. The solution as far as they were concerned was buy land in Montana somewhere, build an underground castle/bomb shelter and stock it with gold, freeze dried food, guns, ammo, water, blah blah blah. And you know what? They went out there and did it. And no doubt died in some miserable hole in the ground in Asshole Montana. So who knows? Maybe the sun really will come out tomorrow. Tomorrow, tomorrow, I love you tomorrow... I'm done.
She taught for a few years in public so minimal pension involvement.You can sponsor my band's 2022 Granny Sluts and Methadone Tour of San Diego.
You get a t-shirt and a mug.
Is your wife in PERS or STERS?
I thought I was going to have to kill myself because I didn't prepare for retirement.
Then my peers who were a little older than I who were retiring this year and had actually taught for less time than I were like, "Oh, no. We get this, and we get this and we get this."
I was all, "Maybe I won't have to blow my brains out."
Then I thought, "No wonder right wingers hate teachers."
Probably around 2012, I think I closed it with about $300 in it.How much is too much? Over $50,000? $100,000? If you're going to talk money and want real advice, don't be shy. First world problems "I have too much money sitting in the bank."
Go to the library that your taxes help pay for. Get a bunch of finance books and read them. Figure out the meaning of the finance words and tax words. Don't hire someone until you know more
Who said Kahn Academy for learning stuff? Great advice. Wish that was around in the 1990s
How much you put in and when? When did you sell?
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Sounds like they taught you how to save, which is good. The difference is they were able to take advantage of mid+ single digit interest in their savings accounts, whereas you can barely get a half percent nowadays.Thanks for all the advice here, you guys have definitely given me some good starting points.
@SlicedFeet,
@grapedrink my parents were both savers and investors who have done very well in retirement, however my dad handled all the money and he's a horrible teacher.
No way I would want to be a landlord in California. The laws are heavily biased in favor of the tenant. Plus with Covid, I could see even more laws and "forgiveness" being tacked on. Anyone considering it in California should watch this movie from the 90s, based in SF:A far as why I'm not renting my place and living elsewhere - I'm mainly not sure I'm interested in being a landlord. Very low tolerance for people who pour grease down the drain, etc.
It’s a recreational trade. I spent pocket change on it. My portfolio is nearly all equity etf and tracker funds with vanguard. And real estate. And art and heirlooms and kruggerands and ammo I think I have like 2% bonds in my whole 401 kThe brainy people here have all said the same: Forget bonds, buy ETF's online and forget about them too.
The guy who started the "Mental health thread" said he knew a guy who told him he thought a stock would go to $25.
Have your pick.
Thanks RG.Sorry about your dog
Hope you get some sleep
And @Stinkeye seems pretty happy, so, for some people, that plan works nice, even without economic or other collapse
Again, sorry about your dog
No reason to pay off the mortgage.No reason to pay off the mortgage.
Do you have a Roth IRA?
Put money into index funds and split it between a couple different ones and that’s it. No need to complicate it.
I recommend using the funds based on withdrawal date.
Use Vanguard because the fees are lowest.
It isn’t complicated and there’s zero need for a financial advisor