Sooooo, I am 40, have a 2 year old daughter and a pregnant wife. 2 years ago we looked to be all set, new baby, wife staying home, nice home almost paid for, decent sized portfolio with 20 years to go (mostly mutual funds and mostly in the market). I bought back in on the way down (around 7500) and have done pretty well with some individual stocks (energy, staples, technology). ...
If you have a strong stomach and are able to keep a close eye on the market, learn to swing trade. If you don't have to pay attention to your day job then learn to day trade. This market has pretty much topped out until the economy recovers in a significant way (i. e. gain jobs instead of losing them).
Not sure I have the stomach and definitely don't have the time (or knowledge) to do either. What are your thoughts on the prospect of the school of thougt of be diversified and leave it alone for the next 10+ years. Also am thinking of buying some real estate. Any thoughts there are also welcome!
Ah, now that is the 6 million dollar question that I have been asking for some time now. The problem is that the markets are so manipulated that it is hard to know what to do. Are they planning on continuing the quantitive easing and destroying the dollar, or wil they create anothe financial "crisis" in order to cause everyone to flee to treasuries. If I had a direct line to Ben Bernanke and Tim...
My suggestion as a 40-something accountant with a working wife and 2 kids who holds no Financial Advisors license and who really just started paying attention to this stuff in Sept'08: If you don't feel qualified to manage your own retirement funds, listen to your FA. That's what you pay them for. If you don't trust them, get a new one. If you don't trust any of them, educate yourself ...
You did not tell us when you got out?? only when you bought back in?? i'm confused Sorry, I guess I used the wrong term there and needed to give more background. When I got married in 2006 my wife and I combined our money, went with this financial advisor and established out portfolio (some of it was in cash because that was what my wife was more comfortable with and against both my ...
OK now i'm with you... You bought into the market at about 7500 and are wondering what to do at this point. I would commend you on diversifying. FAs I have seen are worse than insurance salesmen. ( no offence Frank). They give you good advise..... it makes you money most of the time It makes them money all of the time... Make sure you plan includes some Bond funds also. ...
I am of the opinion we are at the tipping point and nothing (wrt investments) is all that attractive. If the economy recovers and things start humming again then equities will be the place to be but the Fed has to withdraw all the liquidity it has pumped into the market and no one knows how that will play out. Bonds are safe but will not provide much of a return when interest rates go up and ...
If you could google my name and see about nine pages of crap that comes up from articles in every financial?industry publication(if your in this business you would know instantly who I am...not that it matters one iota)so not only do I influence people how to invest I influence other advisors and their firms. frankie, baby, you're killing me. Come on, give us your name. please! please! I want to contact you outside these boards too.
Sorry MikeC4W... but constantly bashing is a Code of Conduct violation. If you don't like the commentary on this Board, please feel free to post elsewhere once your ban expires. ? Veteran_Lender- Moderator
And I don't call everyone here who posts a "moron" just you! ? Frank, I love it. Whenever you feel threatened or inadequate you resort to name calling. It is so incredibly easy to push your buttons. Now , if we can set aside?the personal vitriol for a minute, I would like to ask you exactly which "rip roaring economy" are you referring to. By chance?was it 3rd quarter ?U.S. which posted 3.4 GDP growth with stimulus...
I appreciate all the posts!? There seems to be some consensus around the idea that this rally does not have the foundation that it needs and that we will have some sort of correction---if that is the case why not move out, wait for the correction and move back in? ? I am assuming it has to do with the age old "you can't time the market" and that it is all based on emotions with the chance that it could keep going up and you...
Frank, ? I have never talked to this Jay dude you are referring to. I am from Michigan not the midwest, and no one has put me up to any thing. Just would like to talk in a privet environment that is all, I do understand though if you want your privacy. By the way I could care less who you are and what you do for a living, or who you may influence, or how famous you may be. I do not want any thing from you or any advice, just a good...
I wasn't confusing anything; I pointed out to you that there have other periods where it has been higher, and your failure to realize that we have been here before and done this before doesn't make it any more appealing, but the fact is we have. I'm not trying to come off as an expert but I do try to learn. Imo,?The 10.8% unemployment in 1982 was the intentional result of fed policy in raising interest rates for the purpose of...
Hmmm.... ? The Great Depression was caused solely by the fact that wages had gotten far out of line with the cost of living. Forget everything they teach you in school about the Great Depression it's all just total B.S. ? The reason our economy is falling apart is that they want people to work for $14,000 a year and price everything as if people were making $250,000 a year. ? Such wage / price differences are always going to implode the...
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Suspending mark-to-market is for zombies - The Toxic... Suspending mark-to-market is for zombies - The Toxic Assets Banks Have
aren't any less Toxic Just because the Rules are Changed to Allow banks to
to say the are. How about an Independent External Auditor to Value Those
Assets Instead?
@ hodgman Isn't that the point of a public debate? Or... @ hodgman Isn't that the point of a public debate? Or have the rules changed since last time when It absolutely wasn't about the debate?
8:36 PM Oct 2nd from web
in reply to hodgman
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