*Investors Blog*

Pablo said:
I honestly thought you are younger!

I mean that in the best way
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😂 I picked up on that recently! For what it is worth my wife says I still act like a teenager (sometimes not as a compliment, other times, well) ... and others never guess my correct age.
Ps, I still have so many things I want to do in this lifetime, I dont know where I will find the time, more so if I am in BITOG for hours*LOL*
Im still the go to person by everyone when it comes to electronics, wifi, security, etc etc ... and I own domain names that I cant believe people never thought of that are impossible to forget and I own for their respective categories that I still have not built websites for, its been so many years that I dont even know when I first bought them.
Life is to short.
It's more of a dream thing that I dont know if I will ever get around too, yet they are names that are unforgettable if I could make them popular and interesting... ok, over and out... post office, pet store then pickle ball. *LOL*
While I Watch GM, WMT and maybe Nvidia
 
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My dad "retired" at age 62. He died of heart attack at 85 suddenly. No one knows the future. I think Alarm guy gives good advice. If your at full retirement age you can make a fair bit of money before it affects SSI, so something to consider - maybe you can go part time.

As for good stocks to buy, well either the Magnificent 7 on momentum - or anything other the magnificent 7 is lagging :ROFLMAO:

Seriously though, I am looking at Utilities. Sector is pretty beaten up for something that is supposed to power our EV future - so another reason not to believe that narrative. Still, there all highly leveraged and approaching a debt wall - so I haven't bought anything yet.

Might be a good time to sit on T-bills honestly.
 
alarmguy said:
At my age now, I look to preserve and grow my investments, though some might consider them not conservative that is only one account that I go big in at most 3 companies at a time.
Well, I did the same at age 62, went conservative and took Social Security the first month I could at 62. Im not gambling that I will live to 80 or 90 years old to break even. 80 is the min if I spent the money as it came in. 90 is the min if I simply take that SS check and put it in a conservative interest bearing account and left it for my kids. Not only that, but my spending years are now should I want to spend it vs 80+ when I will be doing less.
I think it makes sense if you think about it. Throw away five years of SS income because you THINK you may live to 80 +++
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Best advice ever. When you get to a point, the goal should be preservation. This is a key reason I hired Schwab Wealth Advisory; they are objective.

My portfolio is pretty darn conservative. In fact I could easily live on my Social Security and Double Tax free Bond fund.
 
JeffKeryk said:
...My portfolio is pretty darn conservative. In fact I could easily live on my Social Security and Double Tax free Bond fund.
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And least others misinterpret, Jeff has sufficient income with SS and those bond funds to live on, but they aren't his entire portfolio. From reading his other posts, he also has stocks, an annuity and real estate.
To me, like Jeff, going conservative isn't putting your entire nest egg into very conservative investments. If inflation picks up you can very well find income from those "conservative" investments leaves you destitute. Which is why you should keep a significant amount of funds in an asset class that will adjust for inflation, be it stocks, mutual funds, ETFs, real estate, etc.

In my lifetime, inflation has damaged wealth preservation much more than market crashes.
 
I like reading Yahoo finance articles because there always good for a laugh.

The key parts:

"The returns from these four stocks alone account for roughly 69% of the S&P 500's gain this year."

And the punchline:

"since 1992, on average, the S&P 500 has risen 14.3% in the year following a peak in contribution from the top 10 stocks in the benchmark average. The only time the S&P 500 delivered a negative return in the next year was in 2001 amid the fallout from the tech bubble."

I assume they weren't around for said tech bubble - or they would notice the irony.

PS - Fintwit says Cisco - a darling of the last tech bubble - is about to lay off a whole bunch of people.

https://finance.yahoo.com/news/hist...f-the-magnificent-7-lose-steam-153629267.html
 
ArrestMeRedZ said:
And least others misinterpret, Jeff has sufficient income with SS and those bond funds to live on, but they aren't his entire portfolio. From reading his other posts, he also has stocks, an annuity and real estate.
To me, like Jeff, going conservative isn't putting your entire nest egg into very conservative investments. If inflation picks up you can very well find income from those "conservative" investments leaves you destitute. Which is why you should keep a significant amount of funds in an asset class that will adjust for inflation, be it stocks, mutual funds, ETFs, real estate, etc.

In my lifetime, inflation has damaged wealth preservation much more than market crashes.
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Spot on. My point is, at a certain point in one's investing career, if you have enough, wealth preservation should be the goal.
If my higher risk products went south, it would not change my lifestyle drastically; maybe at all.

Inflation is part of life and is always a product of a strong economy with high employment. So make it work for you. That's a key reason I strove to pay off my primary home. If you are lucky enough to live long enough, your working days will be over. Having a home free and clear is a really good feeling and a huge safety net. That's why I could live on SSI and bond interest; my cost of living expenses are pretty low.

That's diversification, IMO. Oh yeah, always buy good tools too.
 
JeffKeryk said:
A great time to be in the market. Let time work for you. The best advice I ever got was, "Your money should be working for you regardless of economic conditions."
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My 401K, IRA and brokerage account at all time highs. 💰

Love this soft landing economy. Thanks Jerome and Janet.
 
I have a question...noob with investing here. What does it mean to have a large portion of your portfolio in "cash?" Does that mean it is in a Money-Market account? I was always confused by that. I am in a college TIAA-Cref account and my 100% mix is 60% Equities and 40% traditional, with a locked minimum return of 4%. if the market ever get's really bad, I have thought I'd like to move some of the Equities to a "Cash" section, but I don't know what that means, really. Should that happen, I don't want to move a large percentage of the equities to the traditional account because the way my college contract limitations are, I can add money to traditional but I can't take it away except in 10 yearly payments, so I wouldn't be able to move that money out and back in equities when things settled down.
 
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For me, yes, a money market account. My accounts are in Fidelity. Most of my cash is in SPAXX, Fidelity Government Money Market Fund. Last year it paid around 5%. I treat it in a brokerage account like cash in a checking or savings account. IRA or Roth IRA is similar, but of course I can't transfer money around like in the non-retirement account.
Short term Treasury bonds might well be better, so I probably need to look into them, but SPAXX gives me the flexibility I need right now.
 
So, in a hypothetical move from equities, for a safer option in the event the market started going to crap, I could move a percentage to “cash” in a money market account and short term bonds? Then, when things got better, move that money back to equities? Am I understanding that right?
 
SC Maintenance said:
The test will come at 3:30.
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It didn't close at the high but still closed strong . The DOW looked the weakest but the " The buy on dip crowd "came in around 11:30 - 12:00 like they have been .

Screenshot 2024-02-09 at 17-13-50 FINVIZ.com - Stock Screener.webp


https://finviz.com/
 
Ford73 said:
So, in a hypothetical move from equities, for a safer option in the event the market started going to crap, I could move a percentage to “cash” in a money market account and short term bonds? Then, when things got better, move that money back to equities? Am I understanding that right?
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Yes ..... that's what I do .... Money Market only
 
If your trying to move your own money into "cash" then it will boil down to what the broker offers. Usually a money market, although some are much better (fidelity) than others (Schwab) about how its handled - ask me how I know.

If your in some sort of retirement plan I presume they have a money market option, but its possible not - in which case something like a "short term government bond" - with the key word being "short term" might be as close to "cash" as you can get. You don't want any duration risk - like a regular bond fund. You would need to look at your options. Also be careful because in that case they may have a minimum deposit time - like 7 days or something - again it depends on the fund.

Now if its some economist or talking head - the federal reserve defines cash as "cash, checking deposits, and other types of deposits that are readily convertible to cash such as CDs."
 
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