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07-08-2021, 11:34 AM | #10531 | |
I’m a Mahomo!
Join Date: Aug 2004
Location: Mid-Missouri
Casino cash: $6771021
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Quote:
I worry everyday but my goal is to be a multi-millionaire & this is my shot to do it. It’s been a hard couple of months.
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Posts: 54,038
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07-08-2021, 11:36 AM | #10532 |
Banned
Join Date: Jan 2013
Casino cash: $9998560
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Posts: 53,803
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07-08-2021, 11:41 AM | #10533 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
Casino cash: $1798491
VARSITY
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Quote:
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Active fan of the greatest team in NFL history. |
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Posts: 142,669
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07-08-2021, 11:46 AM | #10534 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $411900
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Quote:
I find it fascinating when people have a stock that is currently down significantly for them, say 20%+. They continue to convince themselves that it's only temporary. Meanwhile the stock market indexes are setting new highs. If you are holding a stock that is doing poorly in a bull market, what do you think will happen in a correction? Does it have a chance to go back up? Sure. But the percentages say it's a losing position this far into a bull market. And most new investors pay no attention to the indexes, but what they really should be doing is comparing their gains TO the index. If after 3-6 months you aren't beating the index in a bull market, you need to re-evaluate what you're doing because passive investing would have gotten you further ahead. |
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Posts: 46,067
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07-08-2021, 12:38 PM | #10535 |
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Join Date: Jan 2009
Casino cash: $965743
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Posts: 64,208
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07-08-2021, 01:08 PM | #10536 |
Starter
Join Date: Nov 2004
Location: asdf
Casino cash: $3557963
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Posts: 509
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07-08-2021, 01:32 PM | #10537 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $400400
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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: 1,814
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07-08-2021, 01:44 PM | #10538 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $411900
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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: 46,067
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07-08-2021, 02:01 PM | #10539 | |
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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07-08-2021, 02:48 PM | #10540 | |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $400400
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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: 1,814
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07-08-2021, 04:23 PM | #10541 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $506899
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Posts: 52,337
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07-08-2021, 04:46 PM | #10542 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $210477
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Posts: 40,779
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07-08-2021, 04:48 PM | #10543 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $411900
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Posts: 46,067
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07-08-2021, 04:54 PM | #10544 |
Veteran
Join Date: Dec 2019
Location: Ohio
Casino cash: $400400
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Posts: 1,814
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07-08-2021, 04:56 PM | #10545 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $210477
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Posts: 40,779
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