Which way next?
*Investors Blog*
- Thread starter Warstud
- Start date
https://www.cnbc.com/2024/04/05/job...cted-and-unemployment-was-3point8percent.html
How many of these 303,000 jobs are part-time McJobs ?
Markets popping today.
How many of these 303,000 jobs are part-time McJobs ?
Markets popping today.
Or purely fabricated out of whole cloth, only to be retracted in a couple of months just like all the other job reports over the last few years.
I would assume good jobs report is bad for the market. So I wouldn’t be surprised to see it get smacked Monday, but what do I know?
Market news is news to fit what the market does.
Being it was said the market was looking forward to lower interest rates. How can that happen if we have constant strong job reports.
My personal feeling is there’s nothing to stop this market from going up in the long-term meaning six months out?
Crazy trying to figure it out and I know nothing
Market news is news to fit what the market does.
Being it was said the market was looking forward to lower interest rates. How can that happen if we have constant strong job reports.
My personal feeling is there’s nothing to stop this market from going up in the long-term meaning six months out?
Crazy trying to figure it out and I know nothing
This economy seems to be bulletproof. First, recession was for sure, then maybe a soft landing, so far it just keeps growing.
The economy has added jobs for 39 consecutive months, marking the fifth-longest period of job expansion on record. The unemployment rate has been below 4% for 26 months in a row, the longest streak since the late 1960s.
The rate of inflation has been slowing; I was hoping for an interest rate drop because 2 people close to me have recent new mortgages. Hope is a lousy strategy...
Leisure and hospitality have been rebounding since they were decimated from the pandemic. This was, of course, big in CA.
Along with leisure, health care, government, and construction have been the primary drivers of job growth during the past year.
The economy has added jobs for 39 consecutive months, marking the fifth-longest period of job expansion on record. The unemployment rate has been below 4% for 26 months in a row, the longest streak since the late 1960s.
The rate of inflation has been slowing; I was hoping for an interest rate drop because 2 people close to me have recent new mortgages. Hope is a lousy strategy...
Leisure and hospitality have been rebounding since they were decimated from the pandemic. This was, of course, big in CA.
Along with leisure, health care, government, and construction have been the primary drivers of job growth during the past year.
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This is my opinion on equities also, albeit might be a bumpy melt up.
The bond market might be a different story.
No. They are fine as a brokerage firm but the model of selling short term trading to retail investors is not one that I think beneficial for retail investors. If you follow the advice of guys like Warren Buffett or John Bogle, they will tell you the average investor is far better off, in term of long term investment returns, dollar cost averaging into the market, starting when the person is young, buying something highly diversified and tax efficient such as the S&P, and holding it “forever.” Do that in your tax advantaged accounts first, and then use the taxable accounts. Brokerages selling you lightning speed, research, and frequent trading are encouraging you to engage in what is, in terms of the overall odds over a long period of time, a losing venture that profits them, not you.
Now of course someone will chime in how buying and selling individual stocks made them millions. Perhaps it is true, and certainly there are people who have done well with that strategy, but this is the internet so there is little in the way of factual accountability. But for the vast majority, you are better off spending the time on the business or career where you earn your money and using those proceeds to invest as much as you can, at regular intervals, staring when you are young, into a diversified low cost fund ( look at Vanguard and Fidelity index offerings.). Then ride the market for 40 years and retire comfortably. The reality is anyone who says they know what the market will do tomorrow, next week, or next years is full of it. So that means most of the TV / cable financial press should be ignored for investing purposes. But the stats show us that over the longer term, your odds go up significantly and are in your favor.
HTH, good luck.
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Well the Philly Fed said it was overstated by a million jobs last Q2. But I believe the latest number
https://www.washingtontimes.com/news/2022/dec/16/biden-administrations-claim-1-million-jobs-added-s/
just new buy VTI every two weeks and never check it
In my Tiaa-Cref selections, these are the only three index funds that show: TIAA-CREF S&P 500 Index Fund (retirement) and TIAA-CREF Small-Cap Blend Index Fund (Retirement) and TIAA-CREF Large-Cap Growth Index Fund (Retirement)
What is your investment horizon? What is the money for? Emergency savings? Long term appreciation? Education for the kids? Need to know more but if the choices above, S&P.
I have a very diverse great performing retirement plan that is maxed out...I can't add more more to it at work. They allow us to open supplemental plans, though. I got a small raise, so I thought I'd open another account to put the $100 a month in to play with.
S&P. Tax efficient and good for long term appreciation, very diversified as well.
TIAA-CREF S&P 500 Index Fund
Good on you, you are already besting 99% of folks working. Just ignore it.
