Agree with the index funds....only 20% of professionals beat the S&P, BUT wait until the next crash - stocks are at least 50% overvalued now relative to the underlying economy.
-
ODT Gun Show & Swap Meet - May 4, 2024! - Click here for info
Anyone here buy stocks?
- Thread starter Lazarus
- Start date
Agree. Decent platform and easy to use with low fees.
The PM crowd is usually wrong. Don't get me wrong, gold has a large place in my portfolio but unless the scenario is significant inflation you will miss out on return.
Great advice all the way around.
More good advice. Bogleheads are great, but MrMoneyMustache is probably the simplest way to show you can actually achieve complete financial freedom even on a modest income.
More good advice. Your biggest enemy in investing is not other investors, it's you. "Be fearful when others are greedy, and be greedy when others are fearful" - Warren Buffet. But nearly impossible to do without nerves of steel. Dollar cost averaging is the second best, with yearly rebalance.
IBs whole platform is a real PITA to use, with zero customer service. It's cheap for an active trader but not worth the 10 bucks a year you might save using Fidelity.
Always take the free money from an employer antime you can.
Your savings rate completely dwarfs your investment return, make sure you have that squared away first.
If you want to come down to Vinings I will buy you a beer and we can discuss in depth. I am not selling financial advice or anything else. Just want to help as I have been helped.
A little hyperbolic, but with some basis in truth. Stocks have been valued much higher many times by many metrics, maybe only highest now in P/S, not P/E or EBITDA/EV or P/E. They could crash tomorrow, or continue there run up to P/E's in the 40s like in the late 90's.
Future expected returns are much lower at these valuations, and I could not argue with having a heavy emerging market tilt within your equity allocation.
It's nearly impossible for someone outside the game to predetermine who is choosing the best items for the client, versus who is biased toward their own income. And even with the repeal of the fiduciary rule Trump just signed, it is nearly impossible for the small guy to get good advice.
If good advice was easily available at the retail level, things like variable annuities wouldn't even exist.
Wes Gray, Marine combat vet with PhD in Economics from UChicago under Nobel Laureate Eugene Fama:
Look again. Aug 2016 Gold 1360. Today fixing 1210. Silver 21, today 17
S&P Feb 2016-1829, today-2,293.
My rollover IRA has grown 50% in past 8 years, not putting in any money except reinvesting my MRD. Not bad!!
Is that some sort of stretching contraption?
You are obviously cherry-picking your data, since you quoted the high last year. I'll say it again: Both are up for 2017 YTD, and both are ahead of stocks. Do your homework.
