Looking ahead 5-10 years. Where do you drop your Benjamins?
- Thread starter Dave Taylor
- Start date
Dave Taylor
Rex kwan Do
It’s about something that I believe will appreciate in value again. I don’t believe bitcoin has value per se but it does go up and down. I din’t think the bottom is in until Binance, Coinbase or Microstrategy capitulates.That is the ending allocation...
Not that I don't believe there will be digital currency - just not something where someone says, "hey, this is digital currency"
For the record real digital currency is functional and in use. Just look up the Chinese government backed crypto.
Dave Taylor
Rex kwan Do
I think we are in for a rude awakening within the next year. I am thinking the next month more than likely. Not a single stock out there has broken out and held it. All of the mega caps have either collapsed or are just starting too. Honestly, I think what Elon is doing on twitter and to tesla is a crazy plan to strip wealth from the upper tier of wealthy people. TSLA is bringing everything else down with the it and the top shareholders are pissed!
SAM
Well-Known Member
Not selling anything. Buy on the way down, sell on the way up. It's basic.
Can't wait for the awakening. What a great buying opportunity for select securities if it really happens.
Dave Taylor
Rex kwan Do
w_b
Well-Known Member
I use my funky accounting, and pull out my principal first, therefore my funky cost basis is zero. I’m mostly playing with house money. Win win maybe kids get into college…
xmonger
Active Member
You may be right. The COVID printing press papered over some problems but created some new ones. Most markets are broken and I don't see a fix coming anytime soon.
I'm not selling anything though. I'm taking it on the chin like everyone else and staying the course.
Dave Taylor
Rex kwan Do
Tesla and aapl can't stop falling…amazon…carvana…geez.
as a fellow golden turd recipient, i'd advise against it.
BTW - the reason i own all of them is the total US and Intl mkt funds........
which if i live another 5-10......
Dave Taylor
Rex kwan Do
I talked to my FIL last night. I told gim my conservative poroach with this bear market/recession. He said it’s acceptable that his personal retirement account is down $100k this year because is financial advisot said so and “everyone else is down”. You don’t need to call the exact top as a money manager but to get a good chunk of the up and a good chunk of the down should be part of your job. Not losing people money. Are you all prepared if thw market goes sideway like 68-82? @rick81721 ?as a fellow golden turd recipient, i'd advise against it.
BTW - the reason i own all of them is the total US and Intl mkt funds........
which if i live another 5-10......
Since i'm an SP500 fan for the majority of $
Could look at it as down from the top in 12/21 , 18% less dividend (2%ish/yr so 16%), or 20% up from Jan 2020 + divided so up 26%) or about 8% per year
which isn't far off the 30 year average. reference
Interesting that it is roughly the same drop for my income fund VWEAX (which i use instead of a traditional bond fund) - it is off 13% from the high, but it generates lots of cash.
Problem is that the bulk is junk rated bonds. Might be playing with fire here. Annualized return is around 5% right now.
Using the mythical $100,000 in investment, it would throw off about $450/month
The percentages quoted do not include div reinvestment except where i adjusted for the divided.
I think I'm doing better than the money we have "under management" - cause they drag their fee out of the portfolio,
and keep a couple percent in cash - which missed the gain.
Mainstay has a nice income fund - MHCAX
BXSL looks interesting too.
Looking for a high div corp fund? VHYAX
year-to-date, off 2% + 3% annual dividend......taxed at dividend rate.
Could look at it as down from the top in 12/21 , 18% less dividend (2%ish/yr so 16%), or 20% up from Jan 2020 + divided so up 26%) or about 8% per year
which isn't far off the 30 year average. reference
Interesting that it is roughly the same drop for my income fund VWEAX (which i use instead of a traditional bond fund) - it is off 13% from the high, but it generates lots of cash.
Problem is that the bulk is junk rated bonds. Might be playing with fire here. Annualized return is around 5% right now.
Using the mythical $100,000 in investment, it would throw off about $450/month
The percentages quoted do not include div reinvestment except where i adjusted for the divided.
I think I'm doing better than the money we have "under management" - cause they drag their fee out of the portfolio,
and keep a couple percent in cash - which missed the gain.
Mainstay has a nice income fund - MHCAX
BXSL looks interesting too.
Looking for a high div corp fund? VHYAX
year-to-date, off 2% + 3% annual dividend......taxed at dividend rate.
rick81721
Lothar
No reason to believe a repeat of that time period - but even if it did, the S&P averaged 6.8% annual return.
The Kalmyk
Well-Known Member
Funny you mention this. My uncle was sayin the bourbon surge has cooled and the new fashion will be taking picture of ones self on instagram with fancy scotch and modified old fashions.
Dave Taylor
Rex kwan Do
Well, this was a few weeks back but basically gonna 50% loss takes 100% gain to recoup. So what are your investments that are going to double to make up for the losses? Even a 35% loss on aapl now ( safe haven no less) will take years to come back.
they don't have to recover - even tho they probably will.
ya gotta figure out which are the next to double -
or just buy them all.....let the market cap weight system do its thing.