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Same ,,,we are at a new record .. just amazing that we are retired 4 years today , been drawing down 6 figures a year and are hundreds of thousands of dollars higher then the day we retired
I’m into $numbers and $reality. DOW today finally got back to where it was Oct 2018, aka no gain in 8 months. This after under Obama’s watch where the market grew 18% per year.
Good news!!! I’ve finally broken the code on the stock market theng! It’s really very simple!
Hint: I’m in the TOP 10 of Trump haters nationwide.
Well when the government causes the next Great Recession ,the next recovery will run high gains too as every recovery in history has done ...sorry ,this ain’t a political phenomenon, it is just how recovery works
I’m into $numbers and $reality. DOW today finally got back to where it was Oct 2018, aka no gain in 8 months. This after under Obama’s watch where the market grew 18% per year.
Good news!!! I’ve finally broken the code on the stock market theng! It’s really very simple!
Hint: I’m in the TOP 10 of Trump haters nationwide.
The Dow has Boeing and it’s not doing well today. But I believe the total market is at an all time high.
As I said, the DOW is essentially back to where it was in Oct.2018 - up, maybe 1%
Honestly, who cares? Short term gains/losses over periods of less than 1 year are NORMAL.
Quote:
Originally Posted by TonyNC
Numbers are important!
Over short time periods, they're not. Successful investors don't look at 1 year time periods. Pretty much anyone with half a brain will tell you that you shouldn't invest money in the stock market with less than a 5 year time frame. The really honest people will tell you 15 years.
Quote:
Originally Posted by TonyNC
We had on average 18% growth per year under Obama
And an investment in the S&P 500 on 2/1/2017 (essentially since Trump was elected) compounded at a 13.37% annualized rate. And that's starting at a high base, unlike Obama, who started at a low base.
But really, a 2.5 year time frame is still way too short.
And those double digit returns, whether 18%, 13%, or even 10% are very likely not sustainable over the next decade. And that's true no matter who's in office. Pretty much the consensus in the financial community over the next decade is somewhere in the 4% to 8% nominal return range (including reinvested dividends). That's simply because earnings can only grow so much and the prices of stocks can only be bid up so far before they're too divorced from earnings. Obviously, the financial community's consensus can be wrong, but at least they're making the attempt to look at this through a non emotional, non political lens.
People who actually do well in stocks look beyond presidents and political parties. They invest consistently through thick and thin, whether they like who's president or not.
Over short time periods, they're not. Successful investors don't look at 1 year time periods. Pretty much anyone with half a brain will tell you that you shouldn't invest money in the stock market with less than a 5 year time frame. The really honest people will tell you 15 years.
I don't look at gains or losses over any time periods. It really serves no purpose as I am not going to change my portfolio if the market gains 20% or looses 20% so why bother tracking it? I am pretty much the ultimate "stay the course" investor. I put together a portfolio that I trust is good for the next 25 years and I have no intention of changing whenever the market hiccups. It has worked for the last 30 years so I assume it will work the next 25 years or so, basically until I die.
I don't look at gains or losses over any time periods. It really serves no purpose as I am not going to change my portfolio if the market gains 20% or looses 20% so why bother tracking it? I am pretty much the ultimate "stay the course" investor. I put together a portfolio that I trust is good for the next 25 years and I have no intention of changing whenever the market hiccups. It has worked for the last 30 years so I assume it will work the next 25 years or so, basically until I die.
Good point @mysticaltyger, Obama started at much lower base so he can claim better returns. It’s much harder to start at a higher base like Trump did. In fact, everybody predicted the market would crash if Trump was elected.
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