Racket, fantastic! Good for you, I will raise a beer tonight to celebrate your good fortune.
Snowing where I am. Long nat gas, salt, and shovels!
Racket, fantastic! Good for you, I will raise a beer tonight to celebrate your good fortune.
Snowing where I am. Long nat gas, salt, and shovels!
Vanguard wrote:
Ghost of Igloi wrote:
On a side note our firm is taking a conservative approach to hiring and expenses. As a large investment firm that is something to take note of.
Personal investors are tired of seeing their savings undermined by the exorbitant fees charged by large investment firms. The smart investors have moved to fee-only advisors and low cost mutual funds. The large firms are going the way of the dinosaur.
Anyone who is not designating almost of of their portfolio to passive, index Vanguard and Fidelity funds (and maybe a couple others) is a fool. Index funds beat actively managed funds 70- to 80% of the time. Vanguard has many funds around 0.03% or thereabouts and to pay upwards of 1% or even higher is foolish.
Sally Vix wrote:
Vanguard wrote:
Personal investors are tired of seeing their savings undermined by the exorbitant fees charged by large investment firms. The smart investors have moved to fee-only advisors and low cost mutual funds. The large firms are going the way of the dinosaur.
Anyone who is not designating almost of of their portfolio to passive, index Vanguard and Fidelity funds (and maybe a couple others) is a fool. Index funds beat actively managed funds 70- to 80% of the time. Vanguard has many funds around 0.03% or thereabouts and to pay upwards of 1% or even higher is foolish.
This is simply not the case. Many investors have no right thinking that they could steer their hard earned money into investments that could wreck them and their life savings. To you and me, it seems simple. But to the ininformed, it is a confusing maze lined with traps they can't afford to screw up on.
A reputable full service broker will match up an investor with appropriate investments, a decent mix of equities, bonds, fixed income instruments, and cash suitable for their investment horizon, risk tolerance, need for higher rates of returns, etc., and will monitor it and adjust it as need be.,
If you think that is done for free, you're mistaken. ANd if you think that that doesn't have real value to the uninformed, you don't know how clueless most people are about investing.
In a word (or two): value added.
* I should mention that many of the full service brokers don't have the option of steering clients into no fee funds like the index funds offered by Fidelity or Vanguard, and if you check the investments they have at their disposal, they are invariably funds with an up-front load or a tail end sales load, and a bit higher maintenance fee along the way.
* meant to say "low" fee, not no fee.
We have an advisor here who has borrowed money for a status house and car (while he is on the brink of retirement), lectures us about the pros and cons of owning various stocks while he has someone else pick the stocks that he owns, uses CDs as his primary investment vehicle, and once recommended an idiotic collection of investments for a retiree (likely to collect maximum commissions).
Why would anyone want to turn over their hard earned money to someone like that? Value subtracted.
https://www.zerohedge.com/markets/wework-disaster-aftermath-97-companies-using-non-gaap-metrics-everything-fakeE-mon wrote:
Ghost of Igloi wrote:
https://mobile.twitter.com/NorthmanTrader/status/1192738623310979072?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1192738623310979072&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Ftrader-warns-something-stinksDidn’t think you were a fan of non-GAAP.
From Media Bias / Fact Check:
The website is registered in Bulgaria under the name Georgi Georgiev, a business partner of Krassimir Ivandjiiski.
In a quote from the above New Yorker article they summarize the political stance of the blog, which Lokey told Bloomberg is: “Russia=good. Obama=idiot. Bashar al-Assad=benevolent leader. John Kerry= dunce. Vladimir Putin=greatest leader in the history of statecraft.”
Zero Hedge’s content has been classified as “alt-right” and has been criticized for presenting conspiracy theories.
In review, Zero Hedge publishes pro-right wing/Trump articles such as Pat Buchanan: “Trump Calls Off Cold War II.” As well as fake news stories regarding liberals: Anti-Trump Protesters Bused Into Austin, Chicago.
Editorial content is written under the pseudonym Tyler Durden and usually focuses on conspiracies related to economic collapse. Zero Hedge sources to factually mixed think tanks such as the The Mises Institute, which promotes Austrian (Anarcho-Capitalism) economics.
A factual search reveals a terrible track record with IFCN fact checkers. There are too many failed checks to list here.
Overall, we rate Zero Hedge an extreme right biased conspiracy website.
Maserati wrote:
Racket, fantastic! Good for you, I will raise a beer tonight to celebrate your good fortune.
Snowing where I am. Long nat gas, salt, and shovels!
Thank you Mas and others! Hopefully Igy's prediction doesn't come true although this company does appear to have an actually reasonable P/E and it isn't affected by tariffs.
seattle, I saw over the weekend that AMD is releasing "the most powerful ever" desktop CPU. Maybe you sold a bit early
Hard science majors are hard to come by. So you will be fine regardless. Maserati or others may feel the economic or market cycle has been repealed, I wouldn’t count on it.
Plus, refuses to change course when wrong. For Years!
Racket wrote:
Ghost of Igloi wrote:
https://mobile.twitter.com/NorthmanTrader/status/1192738623310979072?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1192738623310979072&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Ftrader-warns-something-stinksIgy, just secured a new job with a big name company and took a 30% raise and my first ever company stock option (even I was surprised at how much they offered; I guess my mathematical genius is starting to be appreciated). Can't get those types of moves in a bear market so cheers and here's to the Fed and the Illuminati pumping the market up forever!
Big congrats Rackets - sounds like a great opportunity.
Don't blow it all on vaporwhatever8% shoes
huh? Bonds can and probably should be bought with index funds too.
Heck, 90% of us should just own two funds, just in different percentages:
Vanguard Total World Stock Market
Vanguard Total Bond Fund.
or just one of their target dated funds.
The legendary manager of the fidelity Magellan fund, Peter Lynch, managed the fund for 13 years and during that time the fund returned an annualized return of 29.2% which was more than double the S&P 500 return during that time. He advocated owning pretty much entirely equity funds or equities. As you get older, sure, you want to introduce bonds or bond funds into your portfolio. But in your 20s, 30s, 40s and even 50s you are missing out on a lot if you are burdened with bonds or bond funds.
Racket wrote:
Maserati wrote:
Racket, fantastic! Good for you, I will raise a beer tonight to celebrate your good fortune.
Snowing where I am. Long nat gas, salt, and shovels!
Thank you Mas and others! Hopefully Igy's prediction doesn't come true although this company does appear to have an actually reasonable P/E and it isn't affected by tariffs.
seattle, I saw over the weekend that AMD is releasing "the most powerful ever" desktop CPU. Maybe you sold a bit early
Yeah, I sold at the break even point. And it was a major exercise in patience just to pull that off.
I hate that feeling of selling something too soon and fall victim too often to "chasing" something, starting a series of ill fated trades. The amount of unrealized gains i have on AMD by selling early is not enough to care about at this point, but I confess to watching it nonetheless.
Sally Vix wrote:
agip wrote:
huh? Bonds can and probably should be bought with index funds too.
Heck, 90% of us should just own two funds, just in different percentages:
Vanguard Total World Stock Market
Vanguard Total Bond Fund.
or just one of their target dated funds.
The legendary manager of the fidelity Magellan fund, Peter Lynch, managed the fund for 13 years and during that time the fund returned an annualized return of 29.2% which was more than double the S&P 500 return during that time. He advocated owning pretty much entirely equity funds or equities. As you get older, sure, you want to introduce bonds or bond funds into your portfolio. But in your 20s, 30s, 40s and even 50s you are missing out on a lot if you are burdened with bonds or bond funds.
Isn't that the guy that would go to the mall and just people watch and then buy stocks in things that he saw people buying/wearing (as the story goes at least).
agip wrote:
Racket wrote:
Igy, just secured a new job with a big name company and took a 30% raise and my first ever company stock option (even I was surprised at how much they offered; I guess my mathematical genius is starting to be appreciated). Can't get those types of moves in a bear market so cheers and here's to the Fed and the Illuminati pumping the market up forever!
Big congrats Rackets - sounds like a great opportunity.
Don't blow it all on vaporwhatever8% shoes
Too late! Those babies are gonna be like classic Air Jordans too. In 50 years they'll be worth 1000x times the price I paid. That's good investing.
Anyways, the bond market is closed today so it's weird we're seeing a pullback. Fairly minor pullback but still.
Sally Vix wrote:
agip wrote:
huh? Bonds can and probably should be bought with index funds too.
Heck, 90% of us should just own two funds, just in different percentages:
Vanguard Total World Stock Market
Vanguard Total Bond Fund.
or just one of their target dated funds.
The legendary manager of the fidelity Magellan fund, Peter Lynch, managed the fund for 13 years and during that time the fund returned an annualized return of 29.2% which was more than double the S&P 500 return during that time. He advocated owning pretty much entirely equity funds or equities. As you get older, sure, you want to introduce bonds or bond funds into your portfolio. But in your 20s, 30s, 40s and even 50s you are missing out on a lot if you are burdened with bonds or bond funds.
Peter Lynch retired before the Tech Bubble burst; good timing. This is much better advice and a realistic view of investment returns.
https://realinvestmentadvice.com/the-one-chart-every-millennial-should-ignore/Racket wrote:
Sally Vix wrote:
The legendary manager of the fidelity Magellan fund, Peter Lynch, managed the fund for 13 years and during that time the fund returned an annualized return of 29.2% which was more than double the S&P 500 return during that time. He advocated owning pretty much entirely equity funds or equities. As you get older, sure, you want to introduce bonds or bond funds into your portfolio. But in your 20s, 30s, 40s and even 50s you are missing out on a lot if you are burdened with bonds or bond funds.
Isn't that the guy that would go to the mall and just people watch and then buy stocks in things that he saw people buying/wearing (as the story goes at least).
He said buy stuff you know about. I read his book in the mid nineties and ending up buying stocks like ebay, apple, and a lot of other internet stocks. "Learn to Earn" (1996) was the book, still have it. Some of the stocks, too.
Racket wrote:
Sally Vix wrote:
The legendary manager of the fidelity Magellan fund, Peter Lynch, managed the fund for 13 years and during that time the fund returned an annualized return of 29.2% which was more than double the S&P 500 return during that time. He advocated owning pretty much entirely equity funds or equities. As you get older, sure, you want to introduce bonds or bond funds into your portfolio. But in your 20s, 30s, 40s and even 50s you are missing out on a lot if you are burdened with bonds or bond funds.
Isn't that the guy that would go to the mall and just people watch and then buy stocks in things that he saw people buying/wearing (as the story goes at least).
He did say he was often misquoted.
Peter Lynch wants you to know that his ideas are being misquoted widely.
“I’ve never said, ‘If you go to a mall, see a Starbucks and say it’s good coffee, you should call Fidelity brokerage and buy the stock,’” Lynch says, some 25 years after his retirement from running Magellan Fund was front-page news.