My son started just after the lockdown. He thinks the stock market is just free money.
How the hell are we supposed to retire?
- Thread starter rlb
- Start date
Aren't most funds run by computers that make trades by the split second?
This just popped up in an email from Edelman.
"Between 2006 and 2020, the S&P 500 returned 7% annually. But if you missed just 16 of the best performing days, the return would have been ZERO"
"Between 2006 and 2020, the S&P 500 returned 7% annually. But if you missed just 16 of the best performing days, the return would have been ZERO"
Mahnken
Well-Known Member
I honestly don't really know how they work. Pretty sure I read somewhere that if they want to get out of a position, it's hard to do quickly because they have such large positions that trying to get out quick would lead to the stocks price plummeting and they would lose a ton of money on the slippage of the price alone. So it takes them a bit of time to get out without losing too much. Again, I'm new to this, so I could be mistaken.
Fire Lord Jim
Well-Known Member
Maybe. An IRA or 401k is just one investment vehicle. Your retirement is based on all of your assets. You could be 100% equities in your IRA, and 100% fixed income in your after tax account, and 100% cash in your mattress. Doing asset allocation within a single account makes little sense, but doing it across your total assets makes a lot of sense.
I prefer to have a bit of each asset class inside the IRA, so that I can rebalance to achieve my desired asset allocation, but doing all the moves within the IRA, so as not to trigger tax on the rebalancing.
rlb
Well-Known Member
No I haven't really chimed in much, all the financial shit goes over my head for the most part. The early sentiment in this thread was to just stick it out for the long-haul (as far as 401k is concerned) which I've done, and its been paying off for the most part. I bumped up my contributions and rode out the dips that we all hit and have been doing well overall. Likewise, I'm hoping we all made out on the same hot market. I'm up 13% on the year and 57% since this thread started so I guess I have no room to complain now.
Thanks to hitting the refi wave at the right time we should have the house paid off early, by the time the kids graduate high school so that will help too. Probably should see a financial person one of these days, but aint nobody got time for that.
Cassinonorth
Well-Known Member
There's a little part of me that's looking forward to the next bear run. Stocks on sale etc.
rick81721
Lothar
No signs of going down yet
https://www.cnbc.com/2021/07/13/con...int4percent-in-june-vs-5percent-estimate.html
https://www.cnbc.com/2021/07/13/con...int4percent-in-june-vs-5percent-estimate.html
This was the most depressing part of the article.
"That was the case again last month, as used car and truck prices leaped 10.5%, accounting for more than one-third of all the price index’s gains. For the 12-month period, used car and truck prices have burst 45.2% higher."
The "cheap" Cayman I was shopping for keeps going up in price. Really not interested in buying at it's peak before they come back to reality.
You aren't kidding, just looked and prices are up more than 50% from what I paid for mine a couple of years ago.
I should have jumped on one at the beginning of lockdown. Things went nuts after that.
tonyride
Don't piss off the red guy
I'm hoping to stick it out another 12 months to let the car prices settle down before I get a new, or new to me, vehicle. The prices are just crazy but people are paying those prices or else they wouldn't be that high. I'm glad I have a "spare" vehicle to help me hold out in case one of our other vehicles poops the bed.
My wife's car is dying and needs to be replaced. Not really much option other than to buy a car at inflated prices. She went to Subaru of Morristown today with her parents and wants a WRX. They wouldn't let her test drive it though, which seems kind of ridiculous to me.
tonyride
Don't piss off the red guy
WTF!! Did you give a reason? Didn't want to rack up the miles? Didn't think she was a serious buyer? Afraid she'll burn up the clutch? Or they're just being @$$holes?
Didn't want to add miles to the car was the reason they gave her. I told her that if she is sold on the car then to tell them we'll put down a deposit but that we aren't buying the car until she drives it. We also have another Subaru place nearby that we can check with. I personally hate everything about the car buying experience.
A Potted Plant
Honorary Sod
I know the market is different right now, when I was shopping I got dicked around when I bought my subi. I ended up dropping my info on subaru's site so dealers would reach out to me and had them email their offers and kept forwarding their offers to each other until the offers flattened out. At that point I waited till the end of the month and messaged them all back to see if they were willing to work on a quote I already had. White plains came in hard I guess they were on the edge of closing their month out in a bonus. Coming off the lot I was at 17k including financing but pre tax. They sold it at a loss, hope you have better luck.
Unlikely, but what's another grand or two on a car we'll probably have for ten years?
Over the Bars
Well-Known Member
The car market is horrible right now im pissed as hell I have no choice and need a new truck someone tboned me and totaled my current truck fully paid off only 55k miles. I'm going to have to pay msrp and the only ones available have like 15-20k in upgrades and packages I don't need.