Investments strategy with new administration?

[oosik]

I've been into long term investments for over 35 years now. I'm doing well and not about to change a thing.

 

[RSKY]

I am the opposite. I "play" with 80 to 90% and parked 10-20% in bonds and a money market.

Check out FELV under Fidelity.

Right now I am thinking of having more "cash" available just due to another possible retirement effort and goals that have been met.

But timing the market...well....

I think you left out a letter. I couldn't figure out what that was.

RSKY

 

[RSKY]

I've learned over the years that the market is very similar to gambling in that you win a few and lose a lot more. I'm not a gambler so my investment are very stable and my not have a high percentage of return but I don't lose either.

Some of the best advice I have been given on the market is that you don't loose until you take it out. I have lost big, bought at $60/share, last sold at $6/share, but I left the money in the market invested in something else. And as soon as it started dropping I started getting out of that fund.

RSKY

 

[RSKY]

Other than the S&P returning 20-25% last year, the average is around 10%.
You have Warren Buffett beat, if you consistently get 20-25% yearly returns, especially with mutual funds

Once again. Log on to Fidelity.com and look at their yields over the past ten years. Lifetime yield on the Select Semiconductor Fund is nearly 15% going back to July 1985. There is risk BUT it is short term risk. When the fund drops in value it does come back. You only lose when it drops and you panic and sell. Or do like I did. Wanted a new car last May and cashed in $50,000 to keep from making payments. Fund had been up over $36 and it dropped to $28 the week I pulled money out. STUPID, STUPID, STUPID !! Was back up to nearly $36 today. I should have made payments.

RSKY

 

[riptides]

I think you left out a letter. I couldn't figure out what that was.

RSKY

https://www.marketwatch.com/investing/fund/felv

 

[gsganzer]

Some of the best advice I have been given on the market is that you don't loose until you take it out. I have lost big, bought at $60/share, last sold at $6/share, but I left the money in the market invested in something else. And as soon as it started dropping I started getting out of that fund.

RSKY

My dad was a broker with Paine Webber (now UBS) for 30 years. He always said the hardest thing was telling people when to buy and sell. If you have them sell it and it still goes up, the customer thinks they left money on the table. If a stock goes down and you didn't tell them to sell, they think you lost them money.

 

[WM75Guy]

Once again. Log on to Fidelity.com and look at their yields over the past ten years. Lifetime yield on the Select Semiconductor Fund is nearly 15% going back to July 1985. There is risk BUT it is short term risk. When the fund drops in value it does come back. You only lose when it drops and you panic and sell. Or do like I did. Wanted a new car last May and cashed in $50,000 to keep from making payments. Fund had been up over $36 and it dropped to $28 the week I pulled money out. STUPID, STUPID, STUPID !! Was back up to nearly $36 today. I should have made payments.

RSKY

Sometimes payments make sense. We were offered 1.9% over 36 months plus $1,000 cash back through GM Financial when we bought the wife's new Cadillac XT6. At that time our Cash Management account was drawing 5.02% so we took the financing instead of pulling out cash from savings. Now that interest rates have come down, I plan to pay it off early with no penalty.

 

[gsganzer]

Our financial planner turned us onto "Flourish" for a better interest savings account. What's cool, is I can link it to my Wells Fargo accounts and set it up so my WF savings keeps the bare minimum to satisfy the WF fees. Excess or deficit gets moved in/out of the Flourish account automatically. Right now, that account yields about 4%.

 

[RSKY]

https://www.marketwatch.com/investing/fund/felv

Compare that one with this one.

FSELX - Fidelity ® Select Semiconductors Portfolio | Fidelity Investments

Analyze the Fund Fidelity ® Select Semiconductors Portfolio having Symbol FSELX for type mutual-funds and perform research on other mutual funds. Learn more about mutual funds at fidelity.com.

fundresearch.fidelity.com

RSKY

 

[kenmac]

I use and have used a CFP for since I sold my business and just retired ! They use BYN Mellon as the custodian .
I'll likely continue to use this firm as they set up my trust, and they also file my taxes every year, so they're a one stop shop for me.
They also offer me the option of investing in private equities if I choose. They have a meeting / presentation room where they bring in these private equity people to present their private equity, and explain what each P.E. is about, and what the rate of return is.
So I'll most likely invest in more of these P.E.'s the next few yrs

In 6 more years, I'll be forced to take RMD, which will also affect what I pay for part B Medicare. I have no idea if there's a cap on what I'll be paying, or not.. I'll find out when I reach RMD in 6 more yrs.
I've been trying to purchase things to ty to keep down my RMD in 6 yrs, but it doesn't appear I'm spending enough. May buy a new truck and a new UTV this yr, Not sure just yet !