Maserati wrote:
M&A...I will be looking for likely targets for next year.
Lots of EV companies like Rivian could get bought up by Ford or VW. Who knows though.
I recently used some extra money to contribute to my 401k instead of gambling on futures. I also pulled out a single silver hair from my head yesterday. Is this what happens when you get old? You start... saving money?!!?
Disgusting
Racket, good move. I have always, always, always maxed out our 401K retirement accounts before directing any funds to the brokerages. This esp. makes sense if your new employer has any kind of matching provision.
I know for my 401K, it has done just fantastically and the same goes for the wife. Mine has more than doubled over what i have paid into it.
Point being, compounding works wonders, and it is nice knowing there's savings there that are shielded from my more risk averse management strategy i gravitate towards in the brokerage accounts.
And the gray, it's distinguished, looks good as long as you take care of yourself.
* meant risk tolerant, not risk averse (but you knew that).
Someone bought 1.5 billion in puts on index ETFs
"There has been a surge in put options outstanding tied to the S&P 500 index. The number of S&P 500 put options outstanding hit the highest level in more than four years in September, according to data provider Trade Alert. There has also been growing interest in S&P 500 put options expiring in March, the data show.
The bet is one of a growing number of bearish trades that have been placed as stock markets reach new highs and as some investors worry about a correction. Some prominent money managers have also predicted that markets would fall if Sen. Elizabeth Warren wins the Democratic Party nomination, or the presidency; traders have started to place bearish wagers in sectors including health care."
[quote]Jack Bogle was a saint wrote:
"Those first posters, such as Klondike 5, patting themselves on the back for getting out at DOW 15,000, and warning of impending doom.."
Actually I had the balls to make a prediction that I thought the run-up since 2009 had run it's course and was getting out.
Unlike you guys who never make a prediction but are great at looking backwards.
The point is not to just make a prediction, but to act on it.
What have you done with the money you pulled out of the markets, if that is what you did? A wrong prediction does mot make one a failure—in the extreme case, you could have been very wrong about the markets, but very right about a house you bought instead.
Nor does missing out on gains in a speculative arena make one a failure—instead, it makes those who speculated, lucky.
I admit to luck. I write a lot, mbut I don’t know what will happen. The only time one puts one’s foot in one’s mouth is when one criticizes someone else without understanding the target of the criticism, not when one happens to make an incorrect prediction. In investing, it is those with unwavering certitude and self-righteousness who are the failures.
Yeah well, just hope there won’t be any bail-in’s, because after MM’s (SS has already been raided), they will come for retirement accounts that are already in the quick dbase, like 401k’s.
Also, hope that your tax level will be reasonable, which is always subject to change—and never for the better. Maybe mix in some rental RE to take the depreciation.
401k’s seem great in a year like this, but they have many drawbacks, both current and future. They exist not to benefit the individual, but to benefit “the system”.
Maybe 401 Ks benefit both the individual and the system. Like a lot of things out there....
The Roth IRAs serve as a nice fall back with the taxes already paid on them.
Earnings Scorecard: For Q3 2019 (with 96% of the companies in the S&P 500 reporting actual results), 75% of S&P 500 companies have reported a positive EPS surprise and 59% of S&P 500 companies have reported a positive revenue surprise.
Jack Bogle was a saint wrote:
Going back and reading the first page of this thread from 2013 is amazing. Those first posters, such as Klondike 5, patting themselves on the back for getting out at DOW 15,000, and warning of impending doom with the same certainty that Ghost of Igloi is doing on page 1776 of the thread.
If they just kept their money invested, they'd be up almost double (without reinvesting dividends).
I, like all of you, have no clue if the DOW will hit 30,000 or 20,000 next. As a young novice back in 2009 and 2010 I used to listen to doom and gloomer Peter Schiff. I missed out on several years of this record expansion because I "felt" the market was overvalued. I was sure the market was only propped up by the Fed printing money and lowering interest rates. Around 2011 I wised up and read as much as I could--Bogle. Malkiel. Ellis. Ferri.
I still "feel" the market is bloated at DOW 28,000. But I hope to live for decades more, and barring disaster, the DOW should be over 100,000 when I am old. Lots of volatility in the meantime. I plan to keep throwing in money so I don't kick myself for passing on DOW 28,000 just like I now kick myself for missing DOW 14,000.
Who cares if the market is "bloated" at 28,000. You have decades left of your life. Keep investing in diversified index funds whenever you can and never try to time the market or pick stocks. You can't . Just keep plowing money into your portfolio and in 40 years you will be a millionaire many times over. The market, at its historical return of 10%, 12% annually for small caps, and an additional 1% when dividends are reinvested, will have your portfolio double every 6 years. That is on average. So, an $100K portfolio will double in 6 years to 200k, and will be at $400K in 12 years, and will be at $800K in 18 years, and at 1.6 million in 24 years, and at $3.2 million in 30 years. That is without any future investment. Just pile money into your portfolio and watch it grow. YOu will have ups and downs along the way but long-term you wil do very, very well.
[quote]Maserati wrote:
"The point is not to just make a prediction, but to act on it."
My God. What genius insight.
Of course I acted on my instincts.
in 2008 it paid of tremendously.
in 2013 I got burned big time.
You guys somehow always win. At least in your own minds.
Speaking of genius, when are you going to learn how to properly use the “Quote Post” function? You’ve literally been screwing it up for years. Even a baboon would have figured it out by now.
Kars 4 Kidz wrote:
Speaking of genius, when are you going to learn how to properly use the “Quote Post” function? You’ve literally been screwing it up for years. Even a baboon would have figured it out by now.
I beg your pardon!
Kars 4 Kidz wrote:
Speaking of genius, when are you going to learn how to properly use the “Quote Post” function? You’ve literally been screwing it up for years. Even a baboon would have figured it out by now.
How to avoid the topic at hand, underlining my assertion of your cowardice.
The Uncle speaks wrote:
Kars 4 Kidz wrote:
Speaking of genius, when are you going to learn how to properly use the “Quote Post” function? You’ve literally been screwing it up for years. Even a baboon would have figured it out by now.
How to avoid the topic at hand, underlining my assertion of your cowardice.
It shouldn’t surprise you that people tend to ignore what you say.
Go, Pats!
Stanley Morgan wrote:
The Uncle speaks wrote:
[quote]Kars 4 Kidz wrote:
Speaking of genius, when are you going to learn how to properly use the “Quote Post” function? You’ve literally been screwing it up for years. Even a baboon would have figured it out by now.
How to avoid the topic at hand, underlining my assertion of your cowardice.
It shouldn’t surprise you that people tend to ignore what you say.
Which is why you responded within minutes of my post -- because you ignore me.
Fish in a barrel. Except they know they are being shot.
I didn’t say I ignored you. Is reading comprehension another of your daily challenges, like properly quoting messages here?
Fish in a barrel know they are being shot? They must be smarter than I thought. Wish I could say the same for you.
Go, Pats!
[quote]Stanley Morgan wrote:
"It shouldn’t surprise you that people tend to ignore what you say."
"I didn’t say I ignored you."
I see consistency is not your strong suit.
well which one is it wrote:
I see consistency is not your strong suit.
The Uncle speaks wrote:
How to avoid the topic at hand, underlining my assertion of your cowardice.
Oh, snap!
vroom
all time highs again. Still not quite for the small stocks tho.
is that the problem of the tech giants? There are no tech giants in the small stock indices so is that why they are stalled out?
The problem with this theory is that the equal weight SP500 index is also at an all time high. So it's not just 10 giant stocks.