Stock Market is the bottom in?

[S.T.Fanatic]

Well, then I guess that's one way to go...

Human mortality is 100%, unless you're the Son of God, you're not getting out alive anyways. May as well make it a good story.

Ha, How did that work out for Him on Good Friday again?


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[SD51555]

In all honesty, I don't see any standouts. Who knows where we go from here, kicking people off social media because of ....... is a bad sign. Corporations taking sides. There will be giant lawsuits to fight big .... I don't see this ending well. Bitcoin might just collapse, who really knows.

I might add to my land, I just hope the L.....s do not take that from us as well. Very scary times, most of my friends have lost faith in the future of the US g...,,,.. right now. With no direction it is hard to predict the outcome of the market in the next 4 years.

*edited for political correctness

Bitcoin has become very interesting to me. I've only started learning about it. At this point, I'm not buying any. But if they can convert that thing to an actual currency (stable, divisible, portable, finite, and widely accepted) everything changes. It's basically monetary succession from the global central bank system and is likely to draw the same government response as the American Revolution and first Civil War.

 

[Bill]

I just locked it. Didn’t kill it completely.

 

[Bill]

I just locked it. Didn’t kill it completely.

I’m reopening this thread. When I locked it I was traveling and didn’t have time to get rid of the political crap.
Still haven’t cleared that out, but let’s keep it civil this was/is a good thread.

 

[bwoods11]

Good idea ... thanks

 

[chummer]

Chummer, I found your narrative on this company very interesting. I've invested a small amount in the company as a way to track the companies progress and to see if everything I read on the internet is credible. LOL. I wanted to give you a shout out because in the three weeks since my purchase it's up 42%. Hopefully the company is successful in getting a nationwide roll out as this could have a major affect on many individuals getting a timely diagnosis on cancer.

glad it is up for you. I bought 250 more shares yesterday. Everything thing that comes out is positive. They are In the process of assembling a sales force to get it out in all 50 states. It is now 25% of my portfolio (that I manage), probably to much but I think it is a great product and I try to invest in companies with products I like.

 

[PatinPA]

I would really like to get into investing. I have the typical 401K, managed by someone through my employer but I would also like to start investing some of my savings. I'd really like to get into some real estate/rental properties but would also like to get into the stock market. I really don't know where to start, do you all use the online services or go through money managers?

 

[bwoods11]

I would really like to get into investing. I have the typical 401K, managed by someone through my employer but I would also like to start investing some of my savings. I'd really like to get into some real estate/rental properties but would also like to get into the stock market. I really don't know where to start, do you all use the online services or go through money managers?

I would set up an Ameritrade account. It is very easy, and the trades are free. Maybe buy stock in companies that have long history of success...Apple, 3M, Walmart, Berkshire Hathaway?

 

[Hoytvectrix]

I would really like to get into investing. I have the typical 401K, managed by someone through my employer but I would also like to start investing some of my savings. I'd really like to get into some real estate/rental properties but would also like to get into the stock market. I really don't know where to start, do you all use the online services or go through money managers?

This is going to sort of go against what this thread has been about, but from a personal finance point of view, most fiduciaries would say you should be maxing out a Roth first, hit your company match in your 401K, and then go into individual stocks or other investment vehicles.

 

[Telemark]

I

This is going to sort of go against what this thread has been about, but from a personal finance point of view, most fiduciaries would say you should be maxing out a Roth first, hit your company match in your 401K, and then go into individual stocks or other investment vehicles.

It depends on your tax bracket. For most people, a 401k is better than a Roth.

 

[Hoytvectrix]

I


It depends on your tax bracket. For most people, a 401k is better than a Roth.

It doesn't have to be either/or. Fortunately, you can contribute to both. I don't want to sidetrack the thread, but this comment is absolutely dependent on your taxable income. I would also never describe "most people" as earning more than $139K (the max Roth IRA salary level), as it is factually not true.

 

[Tree Spud]

I would really like to get into investing. I have the typical 401K, managed by someone through my employer but I would also like to start investing some of my savings. I'd really like to get into some real estate/rental properties but would also like to get into the stock market. I really don't know where to start, do you all use the online services or go through money managers?

If you don't know where to start, you probably shouldn't be buying stocks in the stock market. Not trying to stop you, but remember what you are seeing here, is just like Vegas, only the winners get talked about.

If you have very little experience in investing, your best bet is to work with a Investment Advisor or Financial Planner. They will sit down with you and help develop a plan based on your individual situation and risk tolerance. You can learn a lot from them and most likely will guide you to mutual funds. With mutual funds you can get as risky as you want, invest in stocks, bonds, etc. and real estate (REITs).

Best way to build wealth is to eliminate debt (credit cards, mortgage, car loans, etc.), max out your 401k at work especially if they have a matching program. Spend less than you earn and build the discipline to invest on a regular basis just like your work 401K.

Or you can start to play in the stock market, the cost of learning can be a lot more expensive there

 

[chummer]

I would really like to get into investing. I have the typical 401K, managed by someone through my employer but I would also like to start investing some of my savings. I'd really like to get into some real estate/rental properties but would also like to get into the stock market. I really don't know where to start, do you all use the online services or go through money managers?

I use Fidelity for my stock purchases. I call this my play account because it is a form of gambling. It is a small portion of my investments. Maxing out your 401 k should be your first priority. Now if you are younger you will want that in something aggressive. I have half in a tech mutual fund and half in a health care mutual fund. After that Roth is a good idea. After that you are ready for some self management. I disagree with last post on debt. Mortgage and car rates are very low. No problem financing those if you are putting money in the market. You could have made 15-50% pretty easy this year and last 4 years have been great. You easily would have a higher rate of return then you are paying on loans. Remember Einstien said compounding interest is the 8th wonder of the world.

 

[Hoytvectrix]

I use Fidelity for my stock purchases. I call this my play account because it is a form of gambling. It is a small portion of my investments. Maxing out your 401 k should be your first priority. Now if you are younger you will want that in something aggressive. I have half in a tech mutual fund and half in a health care mutual fund. After that Roth is a good idea. After that you are ready for some self management. I disagree with last post on debt. Mortgage and car rates are very low. No problem financing those if you are putting money in the market. You could have made 15-50% pretty easy this year and last 4 years have been great. You easily would have a higher rate of return then you are paying on loans. Remember Einstien said compounding interest is the 8th wonder of the world.

I would max out my contributions to a 401K only up until the company match, then switch to a Roth IRA, where I would max that out (~$6K for most people), and then switch back to the 401K or whatever investment vehicles you want.

Here is a helpful webpage that outlines why this is the best strategy:

IRA vs. 401(k): How to Choose - NerdWallet

IRAs and 401(k)s have similar tax benefits but key differences. See the pros and cons in the IRA vs. 401(k) decision, and how to pick what's best for you.

www.nerdwallet.com

Roth IRAs have incredible advantages over a traditional 401K for the vast majority of Americans. It's a crying shame that more people are not using them.

 

[Gator]

Chummer, I found your narrative on this company very interesting. I've invested a small amount in the company as a way to track the companies progress and to see if everything I read on the internet is credible. LOL. I wanted to give you a shout out because in the three weeks since my purchase it's up 42%. Hopefully the company is successful in getting a nationwide roll out as this could have a major affect on many individuals getting a timely diagnosis on cancer.

What company is this? I can’t find the post that tells me


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[H20fwler]

I would max out my contributions to a 401K only up until the company match, then switch to a Roth IRA, where I would max that out (~$6K for most people), and then switch back to the 401K or whatever investment vehicles you want.

Here is a helpful webpage that outlines why this is the best strategy:

IRA vs. 401(k): How to Choose - NerdWallet

IRAs and 401(k)s have similar tax benefits but key differences. See the pros and cons in the IRA vs. 401(k) decision, and how to pick what's best for you.

www.nerdwallet.com

Roth IRAs have incredible advantages over a traditional 401K for the vast majority of Americans. It's a crying shame that more people are not using them.

I checked out the link, still think in my situation 401K is my best option.
I max mine out every year at the 26K now and get a company match of over 10K along with a pension fund. Ours is handled by Fidelity and unlike what your link implies I've got lots of options for investing and the initial tax break I get with investing in 401K hard is a big savings to me.

 

[H20fwler]

Best way to build wealth is to eliminate debt (credit cards, mortgage, car loans, etc.), max out your 401k at work especially if they have a matching program. Spend less than you earn and build the discipline to invest on a regular basis just like your work 401K.

Or you can start to play in the stock market, the cost of learning can be a lot more expensive there

Agree 100%

 

[chummer]

What company is this? I can’t find the post that tells me


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DMTK dermatech

 

[chummer]

I would max out my contributions to a 401K only up until the company match, then switch to a Roth IRA, where I would max that out (~$6K for most people), and then switch back to the 401K or whatever investment vehicles you want.

Here is a helpful webpage that outlines why this is the best strategy:

IRA vs. 401(k): How to Choose - NerdWallet

IRAs and 401(k)s have similar tax benefits but key differences. See the pros and cons in the IRA vs. 401(k) decision, and how to pick what's best for you.

www.nerdwallet.com

Roth IRAs have incredible advantages over a traditional 401K for the vast majority of Americans. It's a crying shame that more people are not using them.

unfortunately my Roth days are over, hopefully for good. It is a shame they cap it based on income and cap how much you can put in.

 

[Tree Spud]

I use Fidelity for my stock purchases. I call this my play account because it is a form of gambling. It is a small portion of my investments. Maxing out your 401 k should be your first priority. Now if you are younger you will want that in something aggressive. I have half in a tech mutual fund and half in a health care mutual fund. After that Roth is a good idea. After that you are ready for some self management. I disagree with last post on debt. Mortgage and car rates are very low. No problem financing those if you are putting money in the market. You could have made 15-50% pretty easy this year and last 4 years have been great. You easily would have a higher rate of return then you are paying on loans. Remember Einstien said compounding interest is the 8th wonder of the world.

I have never understood the logic of car loans. My wife and I have never taken out a car loan. Taking a loan out for more than you can afford and paying interest on an asset that loses value everyday???

The problem with debt is that most people become addicted to it to support a lifestyle. They rationalize what the want vs what they really need and finance indulgences. That's why the average car loan is over 72 months and personal & commercial loan defaults are at an all time high. Folks take out equity loans against their house and pretty soon owe more than they own. Build up credit card balances that they can only afford to pay the interest.

Eliminating debt is hard and a discipline that many can't manage. Once you understand the Rule of 72, amazing what you can doing by moving $$ away from debt and into investments.

That 8th wonder of the world is a pretty cool place to be once you figure it out.