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Old 01-22-2017, 01:05 AM
 
1,012 posts, read 1,059,048 times
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Let me send you my bank account number. It will be safe there. hahaha!
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Old 01-22-2017, 01:30 AM
 
71,550 posts, read 71,730,589 times
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Quote:
Originally Posted by elliedeee View Post
That's why our financial adviser suggested Vanguard Wellesley because they'll issue you blank checks so you can withdraw money in case you need it for purchases such as new cars, or trips to Tahiti. I can't remember if it was you or someone else who was against Vanguard.. sorry.. the brain goes south sometimes, but at any rate I'm sure there are other companies who offer the same thing.
the reason folks get burned in stocks is not markets . it is trying to use volatile investments as a bank account which really need many many yearsto do their thing . .
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Old 01-22-2017, 04:54 AM
 
Location: Mount Airy, Maryland
10,460 posts, read 5,926,819 times
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Originally Posted by bufflove View Post
This is unimaginably dumb and dangerous advice to give someone. What are you, typing on a Blackberry while heading out to a Blockbuster, TwoByFour?
Outside of the great depression, a once in 2 lifetimes event, would you mind showing me any place in history where the stock market lost money over the 5-10 year horizon the opening poster has for this money?

Thanks.
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Old 01-22-2017, 04:58 AM
 
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lots of em dave . check the heat map . anything shaded with a hint of red is a losing year . white is zero gains too . there are more than i care to even list .




https://portfoliocharts.com/portfoli...-stock-market/
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Old 01-22-2017, 05:08 AM
 
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here is a 60/40 mix , still quite a few periods lost

60% Total Stock Market
40% Total Bond Market



Last edited by mathjak107; 01-22-2017 at 05:40 AM..
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Old 01-22-2017, 05:10 AM
 
Location: Central Massachusetts
4,800 posts, read 4,846,832 times
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Quote:
Originally Posted by bufflove View Post
This is unimaginably dumb and dangerous advice to give someone. What are you, typing on a Blackberry while heading out to a Blockbuster, TwoByFour?
People are entitled to their opinion including you.

Quote:
Originally Posted by DaveinMtAiry View Post
Outside of the great depression, a once in 2 lifetimes event, would you mind showing me any place in history where the stock market lost money over the 5-10 year horizon the opening poster has for this money?

Thanks.
There have been many as mj pointed out in his follow-up. That is not to say that wise investments even during those times didn't actually gain either. It just goes to show that a prudent investor needs make wise decisions not based on emotion or fear.
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Old 01-22-2017, 05:11 AM
 
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this is a model i am test driving now with a substantial amount of money on the line . just because it has not had some shorter term losing years does not mean it can't or won't going forward so no i would not recommend this either for 5 to 10 years even though it has quite an impressive past . i am going in my 3rd month test driving this model .
20% Large Cap s&p 500
20% Small Cap Value
20% Long Term Treasuries
20% Short Term Treasuries/cash instruments
20% Gold


Last edited by mathjak107; 01-22-2017 at 05:40 AM..
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Old 01-22-2017, 05:15 AM
 
Location: Mount Airy, Maryland
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Quote:
Originally Posted by Luvvarkansas View Post
I guess, with everyone saying that investing is not good right now anyway, my goal would be to just keep up with inflation? The hope is (once we actually get the money) that we won't have to touch the money for probably 5-10 more years. We'll eventually be using it to supplement retirement income at the end of our lives. Not worried about leaving any for the kiddies, they can take care of themselves like we have.

I thought of the CD laddering strategy (this I have actually already heard of...), but would it actually end up making me lose money due to inflation?

I looked at Horace Mann and see it is a fee-based service....I would like to avoid high fees, if possible. I've heard of "no-load" mutual funds....is the Vanguard Wellesley like that?

I do not really want to state exactly how much money it is (just for privacy's sake, I'm that way), but it is a little under $100,000. Someone asked me if it was more than $250,000 or less....seems we all have different ideas of what a "fairly large sum of money" is.

Thank you all for being kind and patient with my ignorance. TTTT, I'm not sure investing is for me....the mattress idea is looking good. LOL[CENTER]Save[/CENTER]
Wellesley is a no load fund. Every fund has some operating costs you have to pay but this fund charges you only .023% where the average is much higher than that.

To Mathjak's post about the car money what he is saying is you never want to use this money for a big car purchase as you may need to take a big chunk out when the market is down and you would be selling low which would guarantee a loss.. But to me this fund is so steady it's down cycle is not as low as most other funds. Put that with the chance that you happen to need that car at the exact moment the market hit's a big low is so remote it's not worth giving up the return you would get by putting this money in a safer spot. But you could always do part of it, take $10,000 or so and put it in a money market account which pays nothing but will ensure that at least a good portion of the car money will be protected while the majority of it remains in a fund earning you a better return.. You can get a money market account at Vanguard as well.

Last edited by DaveinMtAiry; 01-22-2017 at 05:26 AM..
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Old 01-22-2017, 05:22 AM
 
71,550 posts, read 71,730,589 times
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wellesly has not known a true bear market in bonds in 35 years . the same as i will not base what the golden butterfly did to heavily on the past the same goes for wellesley if bond rates continue rising. all we have seen the last 30 years is rates on bonds fall from 8% to under 2% with a few speed bumps on the way .
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Old 01-22-2017, 05:23 AM
 
Location: Mount Airy, Maryland
10,460 posts, read 5,926,819 times
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Quote:
Originally Posted by mathjak107 View Post
lots of em dave . check the heat map . anything shaded with a hint of red is a losing year . white is zero gains too . there are more than i care to even list .




https://portfoliocharts.com/portfoli...-stock-market/
Good pull. Before making my post I looked at decades and the 30's is the only decade where the market was down. But you are obviously right.

Regardless the poster was out of line to tell the other poster that he was "unimaginably dumb " by pointing out that the stock market always recovers because that poster was right, the stock market does always recover and if you just hold on long enough you can't lose money.
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