How are your investments doing?

[MossRoad]

... In 1982 the market lost 60%

You sure about that?

 

[riptides]

S&P is up 15% this year.
Not sure what market your money is in

Look at the DOW over the past year. Every month it has been taking close to or over a 1 percent "hit". My point being volatility is relative.

 

[DarkBlack]

Look at the DOW over the past year. Every month it has been taking close to or over a 1 percent "hit". My point being volatility is relative.

I don’t pay any attention to the DOW index. It’s an antiquated index of only 30 companies, out of thousands of companies.

S&P is much more meaningful with the largest 500 companies.
Even the Russell 2000 , 2,000 companies is up this year

 

[LittleBittyBigJohn]

Don't count your chickens before they are hatched. Rural wisdom.

So what do I do with all the eggs then?

 

[ultrarunner]

Let me tell you something that has been brewing...the baby boomers are no longer the dominant voting block. Millennials are now the largest voting block, surpassing Gen X . They are falling behind milestones their parents have made at younger ages. This being the biggest...

They are going to start voting en mass to socialize the profits made by the prior generations as a way to stay equal. Keep an eye in New York mayors race. Also, the 401k machine is being held afloat by AI, once the real earning are priced in and can't be sustained, it's going to start slow and then all at once. See .com bubble for a recent example of how that rug pull goes. The flow of 401k money is decreasing with the adaptation of AI. The financial markets will change and there is a lot of paper wealth that will disappear.

This thread is a classic case study told many times over, that the paper wealth is not seeing what is coming. If you are 60+...get your money out of the market. There is huge forward risk on the horizon. Save in real assets, not paper assets.

I think even housing in 10 years will be a complete 180 from where we are now. They will have to bulldoze entire blocks to keep the value of housing from completely cratering. Demographics are changing very fast...

Plan accordingly...

My investment is primarily income real estate and mostly local.

Prices are significantly down with each new listing priced less.

Case in point a neighborhood with tract homes selling around a million a few years ago is in the 700k range now.

It could just be the leaving California trend or more specifically my part of the SF Bay Area?

30 to 40% drop is significant.

 

[ultrarunner]

They do, I employ a lot of millennials' and they want what their parents had, a life that was not so expensive.

Many suburban neighborhoods are now full of Boomers at or near retirement. The Millennials and Gen Z have not moved in. Lots of gray hair, not a lot of kids. Ergo, the decline of Halloween. The suburbs are also generationally desynchronized. During the Boomer and Xer generation’s childhoods, the first two generations of suburbs were new with well made modest houses and more young, first-time homebuyers with children. Neighborhoods were vibrant. There is a change coming,

My biggest expense is taxes and property taxes lead… how can a typical starting out couple add $1000 to $1500 a month for property tax followed by another $500 to $700 for insurance and water bills with 80 gallons per day usage coming in at $150 month?

 

[lman]

My investment is primarily income real estate and mostly local.

Prices are significantly down with each new listing priced less.

Case in point a neighborhood with tract homes selling around a million a few years ago is in the 700k range now.

It could just be the leaving California trend or more specifically my part of the SF Bay Area?

30 to 40% drop is significant.

Those prices are still too high and they probably went up as fast as they're going down a few years ago. Just corrections in the market.

 

[riptides]

I don’t pay any attention to the DOW index. It’s an antiquated index of only 30 companies, out of thousands of companies.

S&P is much more meaningful with the largest 500 companies.
Even the Russell 2000 , 2,000 companies is up this year

Ok, so why harp on what I said?

There are many markets to invest in. What is your point?

 

[ultrarunner]

We have also had a pullback of hiring with a new minimum wage of $20

A couple working minimum wage is earning 80k not counting side gigs or overtime.

 

[lman]

My biggest expense is taxes and property taxes lead… how can a typical starting out couple add $1000 to $1500 a month for property tax followed by another $500 to $700 for insurance and water bills with 80 gallons per day usage coming in at $150 month?

Somebody's got to pay for helping the non-citizens.