Down goes the Dow

Bit of a drop wrote:

Sally Vixxxxxxxens wrote:

There is ALWAYS talk of a recession. You have 1000s of investment "experts" out there who are proclaiming the end is near and the market is going to tank runs nonstop. People like IGY have been saying that for 10 years now. Instead the market has returned enormous returns for a decade now or even longer. Even if the market DOES tank view it as a buying opportunity. The market WILL continue going up over time and I feel bullish big time on it now.

Average annual return is ~9%. It went up 29% last year. It doesn't take a genius to figure out what is needed to bring that number down to the average over the next couple years.

The average "real return" over the last 30 years is 7%. If you take out inflation, the average annual return is closer to maybe 13%. Where the heck are you getting your negative 9 number?

that squiggle symbol mean approximately, not negative

20 year S&P 500 return 4.164%.

? < Sally

Ghost of Igloi wrote:

? < Sally

I’m guessing you don’t understand what you posted. Knowing your history I suspect you meant to insult, but rather you compliment.

Ghost of Igloi wrote:

20 year S&P 500 return 4.164%.

? < Sally

You always want to go back to 2000 when the 3 years following it was like the worst ever. I have already shown you 10-year periods since 1920 and each 10-year period was great. Why do you always go back to 2000? Is that all you have?

seattle prattle wrote:

that squiggle symbol mean approximately, not negative

Thanks, Seattle - I didn't have my glasses on. Looked like a negative.

You have a better idea. You go back 140 years. Are you going to live that long?

Dracula Sally > ?‍♀️

No problem.

Stock market aside, this Iranian missile thing just sucks. I know stocks get hit, but can't stop thinking of soldiers over there, and how messed up this could be for a lot of people.

Hoping it stops here, and hoping no one was hurt.

Ghost of Igloi wrote:

You have a better idea. You go back 140 years. Are you going to live that long?

Dracula Sally > ?‍♀️

So you are focused only on people that have 20 years to live? For that time frame, I would still recommend a portfolio heavy on equities.

If I don’t make money Charles always does.

?

I actually give Charles Schwab a lot of credit for essentially saying that advisors who take commissions are violating their fiduciary responsibility.

Charles will be more than happy to charge his customers 1.5% on assets under management to underscore his concern for fiduciary responsibility.

?

Ghost of Igloi wrote:

Charles will be more than happy to charge his customers 1.5% on assets under management to underscore his concern for fiduciary responsibility.

?

I don’t see anything on their fee schedule higher than 1%, with most less. Nice try though.

Meantime, NASDAQ at all-time highs, and Dow and S&P both up.

I was in the service. That’s what soldiers are there for, and they know it. That is the whole point.

Look at what happened in after-hours trading, down 400 or so on useless headlines. Quickly corrected, and IMO rightly so.

Modern market management, removing the irrationality of panic.

I was actually hoping that they would do it during the day because I would have done some btfd at the open.

Let’s not forget repos, in full swing.

Financial Advisor wrote:

Ghost of Igloi wrote:

Charles will be more than happy to charge his customers 1.5% on assets under management to underscore his concern for fiduciary responsibility.

?

I don’t see anything on their fee schedule higher than 1%, with most less. Nice try though.

You forgot find expenses.

Nice try to hide that disclosure to your customers.

?

“fund expenses”

Maserati wrote:I was in the service...

Canadian military (I'm guessing based on your frequent references to Vancouver)? If so, I'm intrigued...