Off-Topic Stock Market & Crypto Discussion

[g8rh8rMD]

Imagine jumping into a stock market discussion and thinking you have any point whatsoever over the short term.

I'm looking for Q2 earnings, which will be a DISASTER. Further, I'm assuming you don't remotely understand the difference between "shorting" and "being short."

Sounds like you think you're some kind of glorified day trader because you made some money buying Amazon in a bull market. Y'all are a dime a dozen, and bear markets mop the floor with your type.

I'm an investor. There's a difference. But please, do let me know when you've been a professional investment manager for the largest bank in the country, and then maybe something you have to say on this matter will hold my glass of water.

Sorry, bro. Looks like a thought I had but decided not to post got carried over into another post. Sorry it got your panties in a bunch, but I’m sure it made you feel good to brag about yourself while holding your **** under a microscope. Enjoy the pain trade.

 

[g8rh8rMD]

Look at this revisionist history.

I was exactly right. Attribution bias at its finest. "I put money in a bull market and made money so I must know what I'm talking about."

You're showing your WILD ignorance comparing return on equities to an annuity without even looking at risk-adjusted returns. You're offering a comparison where there is none.

Seem to have found a new friend. Good to see you have such self-confidence. You must not have noticed over all the blood rushing to your face, but I did mention risk and didn’t say the guy made the wrong decision, just offered comparison. I also noted the approximate historic annualized return for the S&P 500 roughly matched that of his annuity period.

But yeah, rage on, man.

 

[Bird4um]

Not exactly stock market related, but I recently qualified for my 401K plan at my new job.

Company will match my contribution up to 4%.

Currently, the market volatility has been ******** employees 401K's because most opted for an aggressive investment plan.

After seeing what happened in 2008, and 2020, I will opt for the guaranteed 1% interest on my money. I'm saving this money for retirement, I don't want to see my money ****ed away.

I won't pretend to be a financial expert. I make my living driving a milk truck, lol. Certainly not a Motley Fool. But some of the best advice I ever got for investing was from my ex boss who owned a chain of pawn shops.

"Tommy, invest in gold coins, undeveloped real estate, American firearms made before 1985, and American guitars made before 1970. Put your money in those and you'll have highly liquid assets that won't depreciate a lot; if at all."

I took his advice, with the exception of the guitars, because they are terribly expensive. Good investments, but I simply could not drop 5k+ on one guitar.

I invested in silver and gold coins, American and German firearms (recently was able to procure a G3), and buying some real estate at the end of this year.

Anyway, I do feel bad for people that got stung again by the stock market. No one wants to see their hard earned money melt through their fingers.

Good to be diversified...I'm cool with getting those items if they appreciate... I don't know anything about them.. Real Estate is usually solid. I'd get in the market as well....

 

[Bird4um]

Imagine jumping into a stock market discussion and thinking you have any point whatsoever over the short term.

I'm looking for Q2 earnings, which will be a DISASTER. Further, I'm assuming you don't remotely understand the difference between "shorting" and "being short."

Sounds like you think you're some kind of glorified day trader because you made some money buying Amazon in a bull market. Y'all are a dime a dozen, and bear markets mop the floor with your type.

I'm an investor. There's a difference. But please, do let me know when you've been a professional investment manager for the largest bank in the country, and then maybe something you have to say on this matter will hold my glass of water.

You thinking the **** hits the fan next earnings?

 

[Bird4um]

I keep old 401ks in index funds. Vanguard to be precise. I also own some "annuities" that have been called foolish investments.
I cashed one in last year that doubled its value in 12 years. Guarantied doubled if left alone for 12 years. Nice payday that I reinvested in more index funds. And some cash to have some fun with. I have two more that will be doubled in 2024. Thats my big payday. Hope I make it.
Not all annuities are created the same. As long as you do not touch them and get a guarranty pay back, let them do all the work. You just wait for the money. I'm 63.

I have no problems with annuities.. Expensive but that guarantee is worth a lot.

 

[GladeCane]

Just FYI, but the average annual return for the S&P 500 over that approximate time period was over 10%, basically it's historical average. Your money would have tripled if you'd put it in SPY or IVV. I get the risk of the annuity was, theoretically lower, just offering for comparison.

Since inception (1920S) about the same.

 

[GladeCane]

Annuities are almost always a bad idea, except for the salesman who makes huge commissions. On top of that there are all kinds of fees associated with them and some are hidden. The kicker is the insurance company takes your money and invests it in the same mutual funds you could of bought yourself. Simple rule of thumb Insurance companies are for insurance only, not investments.

 

[g8rh8rMD]

Annuities are almost always a bad idea, except for the salesman who makes huge commissions. On top of that there are all kinds of fees associated with them and some are hidden. The kicker is the insurance company takes your money and invests it in the same mutual funds you could of bought yourself. Simple rule of thumb Insurance companies are for insurance only, not investments.

Well said.

When you get a free annuity (such as when offered by your employer), take it. Otherwise, I would tend to agree. Nobody offers a “risk free guaranteed” return unless they are going to make more off your money than they pay you. And then of course, what happens to that “risk free guarantee” when they actually lose your money?

Just my two cents, not a criticism to anyone who decides to use annuities as a portion of their portfolio or for other planning purposes. The variables and reasons for using various financial vehicles are way to varied to boil down to a message board post. That said, all options should be considered and discussed. Criticism for offering an honest and basic counterpoint, well...I think we know what someone is selling.

 

[GladeCane]

Well said.

When you get a free annuity (such as when offered by your employer), take it. Otherwise, I would tend to agree. Nobody offers a “risk free guaranteed” return unless they are going to make more off your money than they pay you. And then of course, what happens to that “risk free guarantee” when they actually lose your money?

Just my two cents, not a criticism to anyone who decides to use annuities as a portion of their portfolio or for other planning purposes. The variables and reasons for using various financial vehicles are way to varied to boil down to a message board post. That said, all options should be considered and discussed. Criticism for offering an honest and basic counterpoint, well...I think we know what someone is selling.
[/QUOT. With the myriad of investment vehicles available today a financial planner can construct a replacement to an annuity that will drastically outperform an annuity 98% of the time. I'll always take those odds.

 

[GladeCane]

There are so many investment vehicles out there today that any financial planner can construct a replacement for an annuity that would greatly outperform 98% of the time.

 

[GOCANES05]

I have no problems with annuities.. Expensive but that guarantee is worth a lot.

Being very conservative , I'm happy with my 3%-4% steady interest with Alianz annuity had it for 100 years even now 2%-3% during COVID-19 never a down side. I've had many expert look at it and I'm told if your happy with this compounding and your diversified in your 401K now mainly bonds , profit sharing is excellent and your Roth.
Don't change a thing.

When I'm in my last year of working I'll find a Fiduciary to set up retirement years bank.

 

[GladeCane]

Tip for any CIS members who work for the Federal government. When you're ready to retire don't purchase an annuity with your TSP balance. Instead keep your balance in the "G" fund (the only investment guaranteed by the US government not to go down). You can pull up the Bankrate Savings Withdrawal Calculator from Google. This calc. Allows you to simulate different withdrawal options and how much money the balance can grow to.

 

[Bird4um]

Being very conservative , I'm happy with my 3%-4% steady interest with Alianz annuity had it for 100 years even now 2%-3% during COVID-19 never a down side. I've had many expert look at it and I'm told if your happy with this compounding and your diversified in your 401K now mainly bonds , profit sharing is excellent and your Roth.
Don't change a thing.

When I'm in my last year of working I'll find a Fiduciary to set up retirement years bank.

Many Buckets... i believe in whole Life insurance too

 

[Bird4um]

There are so many investment vehicles out there today that any financial planner can construct a replacement for an annuity that would greatly outperform 98% of the time.

Has to be more risk then..

 

[GOCANES05]

Many Buckets... i believe in whole Life insurance too

Actually , I'm a term life guy just want pure insurance and save the rest in an Annuity LOLOLOL your right OMG...to late now being old man...good point.

 

[GladeCane]

There is no investment that is totally risk free. It comes down to how much are you willing to pay/give up for lowered risk.

If your really risk averse a good financial planner (non commission, fee only) can show you a mix of bonds/stocks that will match your risk tolerance.

 

[GladeCane]

Many Buckets... i believe in whole Life insurance too

I understand the value and piece of mind in buying whole life and forgetting about it and no worry.

However, buying term and investing the difference you can get more insurance and larger returns. When I got married my wife had a whole life policy with 400k death benefit and a balance of 28k. We cashed it in bought 500k of term and she now has 215k balance because we bought no load mutual funds. Way better off.

 

[g8rh8rMD]

Imagine jumping into a stock market discussion and thinking you have any point whatsoever over the short term.

I'm looking for Q2 earnings, which will be a DISASTER. Further, I'm assuming you don't remotely understand the difference between "shorting" and "being short."

Sounds like you think you're some kind of glorified day trader because you made some money buying Amazon in a bull market. Y'all are a dime a dozen, and bear markets mop the floor with your type.

I'm an investor. There's a difference. But please, do let me know when you've been a professional investment manager for the largest bank in the country, and then maybe something you have to say on this matter will hold my glass of water.

So, now that we’ve calmed down and I’ve apologized for inadvertently calling you out, I’m honestly curious and have a serious question.

When you say you are “short” the market, what exactly do you mean? Are you underweight equities, all in cash, sitting in leveraged shorts? Where do you stand?

I went all cash and bond funds back in October when the impeachment thing ramped up, then started buying into the market slowly in December, which luckily left me well positioned to quickly and significantly add equities as the bottom fell out. I’ve still got a significant cash position and am continuing to add balance to my portfolio patiently while trading around my core positions and buying on major pullbacks while trimming in small amounts on big rips. My general disposition is this thing has been overstated and FOMO and massive cash on the sideline puts the pain trade higher. But, I do expect pullbacks, although not new lows, and am waiting for them to add risk. If I miss out on some upside, I’ll just continue to buy the dips over time.

Genuinely curious for your position and perspective, my man.

 

[g8rh8rMD]

Has to be more risk then..

Risk goes both ways, but yeah. Depends on your age and goals.

 

[Bird4um]

I understand the value and piece of mind in buying whole life and forgetting about it and no worry.

However, buying term and investing the difference you can get more insurance and larger returns. When I got married my wife had a whole life policy with 400k death benefit and a balance of 28k. We cashed it in bought 500k of term and she now has 215k balance because we bought no load mutual funds. Way better off.

I'll bet you never collect on that term...could be a good thing... Just saying... And I'll bet that mutual fund gets cut in half sometime in the next 5 years

If you only care about your beneficiary then I can agree with you..

watch these- - cash value

- Suzy Orman - buy term/ invest rest

Would love your opinion/discussion