How are your investments doing?

[DarkBlack]

Far from a perma bear. I just know that things are running out of steam and things will correct. The boomers thinking this party will never end and are paper rich have a huge awakening coming.

I'm trying to tell them to wake up, take the profits, and get out of the market. They do not have the time left on earth to recoup the losses.

Boomers start at 61 years old right?
Personally, I don’t know if I’d tell people that young, to get out of the market today because of a feeling it’s going to have a major correction.
What if you’re wrong, and they miss more gains? A 61 year old has potentially 30 more years on this rock. That’s longer than any previous correction.
At my most pessimistic, I’d tell someone to go to quality dividend stocks and gold ETF’s. That way , they’re still in it for more upside, and downside protected with dividend income… but that’s just me.

 

[Hay Dude]

Boomers start at 61 years old right?
Personally, I don’t know if I’d tell people that young, to get out of the market today because of a feeling it’s going to have a major correction.
What if you’re wrong, and they miss more gains? A 61 year old has potentially 30 more years on this rock. That’s longer than any previous correction.
At my most pessimistic, I’d tell someone to go to quality dividend stocks and gold ETF’s. That way , they’re still in it for more upside, and downside protected with dividend income… but that’s just me.

I kind of did that, but years ago and I’m not 61.
I have my SEP IRA’s and I also have stocks for “fun” I trade within my Fidelity SEP IRA account.
Just to keep it fun

 

[Oaktree]

The boomers thinking this party will never end and are paper rich have a huge awakening coming.

I'm trying to tell them to wake up, take the profits, and get out of the market. They do not have the time left on earth to recoup the losses.

I'm a boomer, and I think no such thing. I'm also not about to sell off my portfolio and put it in my mattress because some think the sky is falling.

 

[Hay Dude]

There’s hundreds of “crash proof retirement” programs retirement age peeps can dump their savings into.
Most earn 5-7% average.

 

[Torvy]

Millennials arent Young, I think we are like 44 to 30 or something like that. I think people often lump 20 somethings in with them,
Gen X is like 45-60+; Boomers are 60+ to cold;


The generation thing doesn't really sense, Boomers are an 18 year span, 46-64 (18 years); Millenails are 81-96 (15 years), so X must be 64-80 (16 years). To top that off, i dont know there is really a defined start or stop to each gen

Historically, a generation was considered 20 years. 20 or 30 years ago, some academics needed to get a grant, so they readjusted the lines.

It really makes no sense. They are looking for some sociological break and made shorter 'generations'.

In reality, generation should be wider as people have waited longer to have children than in the past.

The only reason GenX has been surpassed is they took 5 years of Xers and made them Millenials.

 

[Torvy]

Ok, so why harp on what I said?

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

The point is that a narrow index like the DOW (short for Dow Jones Industrials) says little about the overall health of the economy. 30 manufacturers. 1 industry.

The S&P hasn't had a 50 year period where it didn't average at least 10% (7% after inflation). As the name suggests, it is 500 companies across various industries.

The DOW isn't the "market".

If you were going to invest in one without knowing anything about the companies or investing, it would be a better plan to invest in the broader index.

 

[riptides]

The point is that a narrow index like the DOW (short for Dow Jones Industrials) says little about the overall health of the economy. 30 manufacturers. 1 industry.

The S&P hasn't had a 50 year period where it didn't average at least 10% (7% after inflation). As the name suggests, it is 500 companies across various industries.

The DOW isn't the "market".

If you were going to invest in one without knowing anything about the companies or investing, it would be a better plan to invest in the broader index.

The context of my reply was based on a posters market dip of a significant percentage. I was pointing out that the DOW..over this year has had 1 percent and greater....dips at least once a month.

No where am I suggesting investing...or a plan on investing.

 

[Torvy]

The context of my reply was based on a posters market dip of a significant percentage. I was pointing out that the DOW..over this year has had 1 percent and greater....dips at least once a month.

No where am I suggesting investing...or a plan on investing.

You're still missing the point. The DOW isn't the "market". It's a narrow look at one industry.

 

[DarkBlack]

The context of my reply was based on a posters market dip of a significant percentage. I was pointing out that the DOW..over this year has had 1 percent and greater....dips at least once a month.

No where am I suggesting investing...or a plan on investing.

No. This is what you wrote that I responded to.

You only changed to the Dow, in a subsequent post , hence my reply.
I wasn’t “harping” on you. I only pointed out the market has been up, not down 1% per month as you stated

The Dow is only 30 companies. It’s not the “Market “

 

[mark in portugal]

Yep… turnover is a killer and why I retain steady no issue renters…

...

Taxes are anywhere from 3 months rent to 7 months rent…

I'm also in the residential rental business, but in Europe. When you say taxes, do you mean just the property taxes, or are you including the associated income tax you'll need to pay too?
Because that's a very surprising amount of tax.
I calculate 2 month rental income for my insurance, local property tax, and maintenance expenses (I'm competent at minimising the later).
Income tax is another thing.