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07-08-2021, 01:08 PM | #10516 |
Starter
Join Date: Nov 2004
Location: asdf
Casino cash: $3197963
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Posts: 515
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07-08-2021, 01:32 PM | #10517 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $-29600
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Amen to that, brother. I am way too risk adverse to have the courage to do what you are doing. I'll keep rooting for you at a distance though.
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Posts: 1,828
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07-08-2021, 01:44 PM | #10518 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-18100
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DaFace, this is for you!
My 401k is in the following funds. I recommend index funds for 401k's since generally the expense ratios are super low. It really depends on what your company offers. The company I was with before this had absolutely crap fund options, all mutual funds and very expensive. I was so happy when the new company had tons of Vanguard options. Vanguard 500 Index Fund - Admiral Class (awesome fund if you have access) Vanguard Mid-Cap Index Fund - Admiral Class Vanguard Small Cap Index Fund - Admiral Class American Century Emerging Markets Fund - Class R6 Expense ratios of .04, .05, .05 and .91 respectively. I am invested 70% in the 500 index and 10% in the rest. 5 year rate of return on these funds is 16.26, 14.60, 14.97, 6.91. I have seen others discuss possibly dropping international exposure as it appears it lags US stocks for decades now for many funds when dollar cost averaging. 100% equities for me given that I am 35. I am not pulling for a market downturn but it would benefit me long term to see a very strong downward move where I just keep investing in these passive funds (maybe even more so). I have T Rowe Price for my ROTH IRA and they are a bit more expensive for actively managed funds. But many have done very well and I can diversify a bit with 2 funds I like from them, one being a communication/tech fund and one being health sciences. Expense ratios for the 5 actively managed I have with them range from .68 to .80. Their 5 year rate of returns have been better than my 401k, however. 24.08, 25.89, 20.48, 18.46, 15.05. |
Posts: 46,146
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07-08-2021, 02:01 PM | #10519 | |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Quote:
To be honest with you, it’s money I had earmarked for my kids to give to them before I passed on. I decided that this was an opportunity to get a lot of money to buy a very nice house with beach access & acreage in Maui, where I would live until I died & then will it to the kids to use as a vacation place & have my ashes spread out on the beach so they could always remember me when they were there. Sorta my legacy to future generations. Ego driven? Probably…but I know the kids would love it & I would love it while I can.
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Posts: 54,038
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07-08-2021, 02:48 PM | #10520 | |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $-29600
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Quote:
I may need my kids sneak onto the property to spread my ashes in the cover of darkness once I pass on as I will not be a Maui land owner. Let me know the address and whether or not firearms are on the property so I can give my heirs the appropriate warnings in my will. |
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Posts: 1,828
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07-08-2021, 04:23 PM | #10521 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $76899
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Quote:
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Posts: 52,542
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07-08-2021, 04:46 PM | #10522 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Quote:
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Posts: 40,646
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07-08-2021, 04:48 PM | #10523 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-18100
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Posts: 46,146
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07-08-2021, 04:54 PM | #10524 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $-29600
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Posts: 1,828
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07-08-2021, 04:56 PM | #10525 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Posts: 40,646
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07-08-2021, 04:58 PM | #10526 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-18100
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Definitely a good one. Wait, is that a meme stock?!?!
VOO is another good choice as mentioned. Compare the 2 and see which one meets to goal/need. |
Posts: 46,146
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07-08-2021, 05:00 PM | #10527 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Posts: 40,646
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07-08-2021, 05:51 PM | #10528 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $-29600
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It is definitely not a rocket ship to the moon. It’s more of a piece of tissue paper in a mild breeze with a slow but steady uplift. It may even clear a small tree over time with its steady altitude gains.
In all fairness, I own VTI and VOO. I am kinda boring with my main investments. Yet, I get all the “excitement” that I want with my 10 year stock options from my company that total about 1/3 of my compensation. At any given time, I have WAY too much tied up in the performance of a single company stock for my taste. I never knew what bile tasted liked until I started accruing lots of options over time lol. |
Posts: 1,828
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07-08-2021, 05:52 PM | #10529 |
Mammoth penis
Join Date: May 2006
Location: Springfield
Casino cash: $7214386
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Posts: 11,434
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07-08-2021, 06:46 PM | #10530 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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The market was total shit today. It seems it is in the grip of fools.
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Posts: 43,200
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