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See picture - 2022 & 2023 in a nutshell. I remember making a post comment at some point during 2022 that it was not the time to sell, it was time to ask yourself what you wanted your portfolio to look like at the start of the next bull market. I think that was the right call for the time. 2023 has been a great year with the S&P 500 up 24.5% year to date, and I think ‘24 will be pretty good too. IMO, the big risk to investors right now is being underweight stocks. But hey, how are those 5% CDs feeling now?
Last edited by treasurekidd; 12-13-2023 at 04:56 PM..
See picture - 2022 & 2023 in a nutshell. I remember making a post comment at some point during 2022 that it was not the time to sell, it was time to ask yourself what you wanted your portfolio to look like at the start of the next bull market. I think that was the right call for the time. 2023 has been a great year with the S&P 500 up 24.5% year to date, and I think ‘24 will be pretty good too. IMO, the big risk to investors right now is being underweight stocks. But hey, how are those 5% CDs feeling now?
My 5% CDs are doing exactly what I want them to too as to my 5+% Tbills, earning money.
However, my investments increased as much as some people's annual earnings, but tomorrow they
may decline just as much or more.
We all know a stuck clock is right twice a day. I called a market top back in February and it didn't happen but I'm calling another one right here. Huge amounts of bad news: inflation, interest rates going higher, "possible" return of lockdowns next year, political instability, restart of student loan repayments, consumer credit card debt at very high levels, world political uncertainty / war, extremely high housing costs, illegal aliens by the hundreds of thousands who are going to put pressure on wages and/or have to be taken care of, strike against auto companies..... on and on
DJIA is at 34,440 as I type this and could easily be below 30,000 by 1/1/24. Let's see what happens.
dow 37,574 premarket today .
so for those who thought they would wait until the fed was done , that ship sailed ,.markets have had a great year .
the problem now is even if one jumps back in today they now lost the future compounding on what could be as much as six figures of gains over this year .so it isn’t just missing this year , it’s missing all future compounding on this year .
so for those who thought they would wait until the fed was done , that ship sailed ,.markets have had a great year .
the problem now is even if one jumps back in today they now lost the future compounding on what could be as much as six figures of gains over this year .so it isn’t just missing this year , it’s missing all future compounding on this year .
s&p up 25% ytd
nasdaq 53%
gold 14%
My accounts hit an all time high yesterday in total dollars. Could I have made more by being less conservative? Yep.
I'm staying bond heavy at least into Q1 of 2024. 2024 promises to be a bit wild.
This thread got even more cringey for the OP. If you are more than 5 years away from retirement, there is no reason to be anything except 100% equities, an none of this YOLO stock picking crap either, just index funds. Bonds, CDs and target funds are BS.
This thread got even more cringy for the OP. If you are more than 5 years away from retirement, there is no reason to be anything except 100% equities, an none of this YOLO stock picking crap either, just index funds. Bonds and target funds are BS.
i would say cutting back even 8 years pre retirement is fine . but 100% equities is how most need to go with retirement money .
the problem is most can’t take the volatility or they try to beat what markets will hand them and so they shoot themselves in the foot .
as vanguard said , and they are the grand pappy of do it yourself investing , if you can’t exhibit proper investing behavior, then get someone else to do it for you
so for those who thought they would wait until the fed was done , that ship sailed ,.markets have had a great year .
I always laugh when I hear people say things like this. They think its that easy. Just wait until the coast is clear and then invest. Unfortunately the markets are forward looking and its not that easy. All the big gains are in before the coast looks clear, as we can see is happening currently. Same with the post Covid recovery. People thought they were being wise waiting for post Covid and missed an epic rally.
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