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06-15-2020, 02:32 PM | #5401 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Guessing is hard. I always take profits along the way in my brokerage account because no one ever went poor selling stocks for profit. In my investment accounts I just dollar cost average each month and never look back. I rebalance those accounts once a year to my desired allocation. |
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Posts: 46,070
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06-15-2020, 02:36 PM | #5402 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,070
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1 0 |
06-15-2020, 02:40 PM | #5403 | |
Grand champ
Join Date: Sep 2007
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Quote:
I guess if you're 20 you've got another 40 years for the market to rebound and compound interest, but would it be better for someone on the older side to ride it out for another 6-9 months before dumping in a boatload of cash? |
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Posts: 45,381
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06-15-2020, 02:45 PM | #5404 | |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Quote:
I love the fact that trades are free now on the brokerages. I can buy $100 of stock at a time now without worrying about fees eating my profits. |
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Posts: 142,672
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06-15-2020, 02:49 PM | #5405 |
MVP
Join Date: Jan 2012
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Every once in awhile i am reminded that no matter how old I get, I`m still capable of asking stupid questions. Feel foolish that I needed reminding that the success of ROTH IRAs are based on CI which is based on time. Thanks the the head slap of wakefulness
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Posts: 6,156
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06-15-2020, 02:58 PM | #5406 |
Prestige Worldwide
Join Date: Jan 2009
Location: Spring Hill, KS
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Today was a good day.
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Posts: 18,455
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06-15-2020, 03:03 PM | #5407 |
I'll be back.
Join Date: Nov 2002
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Posts: 286,086
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06-15-2020, 03:11 PM | #5408 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Realized gains or all paper? |
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Posts: 46,070
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06-15-2020, 03:14 PM | #5409 |
I'll be back.
Join Date: Nov 2002
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Posts: 286,086
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06-15-2020, 03:17 PM | #5410 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I’m going to get this thread on track and provide some good responses, articles and information. I’ve spent the last few months screwing around in my posting here and honestly this could be a valuable thread. Pete and Buehler provide good posts, along with Rainman and some occasional others. I’ll even say that Clay isn’t always wrong, but I do enjoy the banter with him. His trading style is risky although no uncommon. I wouldn’t recommend it for most but he’s not always super foolish. |
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Posts: 46,070
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06-15-2020, 03:18 PM | #5411 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,070
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06-15-2020, 05:08 PM | #5412 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,710
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06-15-2020, 05:42 PM | #5413 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,779
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06-15-2020, 07:34 PM | #5414 |
Veteran
Join Date: Oct 2002
Location: Bismarck
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Absolutely. I am always talking to the newer people at work about how important it is to always contribute to our TSP. A lot of them don't realize how quickly it can build if you put a few % more than the match.
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Posts: 1,299
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06-15-2020, 08:11 PM | #5415 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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My company match blows. Only bad part about my job and benefits. I put in 12% of my own income to bring my tax bracket down though. Crazy how many people pass up free money in the company match.
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Posts: 46,070
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