Stock Market is the bottom in?

[Barndog56]

 

[hunts_with_stick]

Pretty interesting…. Probably could be said for a number of things

 

[SD51555]

Holy buckets!! I'm now up 30% across the board on SPPP.

 

[buckvelvet]

Yes. The family owned slot machine distribution and they kept a bunch of silver dollars from years ago . Bags & chests full of of them . They also owned several casinos . Without tipping them off, they were owners of casinos in MN, SD & Mississippi…

They own silver and gold bars as well . They don’t even know how much they have . Lots of cash & stock as well. . My buddy stands to inherit 1/3 of it …

Idk how close you are but the holidays are coming and he could gift some to a guy in MI no strings...... I take paypal.

 

[SD51555]

Look at the white metal go!

3 weeks ago it was $1600.

 

[SD51555]

Sent from my iPhone using Tapatalk

 

[Foggy47]

Holy buckets!! I'm now up 30% across the board on SPPP.

View attachment 86683

Fun! Congrats.

 

[Foggy47]

Pretty interesting…. Probably could be said for a number of things

Yep....how about the event with the Hunt's and silver. Lots of traps been set over the years.

 

[Bowsnbucks]

Variations of pump-and-dump. Stir up lots of excitement, convince the herds to join the exciting, upward rush ....... then sell quick at a huge gain.

 

[jsasker007]

Variations of pump-and-dump. Stir up lots of excitement, convince the herds to join the exciting, upward rush ....... then sell quick at a huge gain.

Market manipulation at it's finest. So many things going on that are not legal but laws are pretty much meaningless anymore. SAD

 

[buckvelvet]

I thought this was a good read.

Is 1% to much for a financial advisor?

 

[Bowsnbucks]

Go with a fee-only, fiduciary CFP - with papers to prove he's a fiduciary. Independent CFP, so he/she has no personal ax to grind by selling you products that benefit them (commissions) more than you. I'd never go with a financial advisor who operates on a % basis.

 

[buckvelvet]

Go with a fee-only, fiduciary CFP - with papers to prove he's a fiduciary. Independent CFP, so he/she has no personal ax to grind by selling you products that benefit them (commissions) more than you. I'd never go with a financial advisor who operates on a % basis.

I don't have an FA or a CFP, I just thought it was a good article.

 

[Westwind]

My wife used advisors. The last one was a Schwab advisor that took a fraction of a percent of the gains. Sounded miniscule. We were busy with demanding jobs and kids.

It grew. It didn’t grow like it grew when I took it over and used very vanilla low cost index funds and a couple managed low cost index funds. It frigging grew spectacularly compared to the maze of managed funds we had before.

These fees eat you alive. You probably don’t need them. Don’t beat the market, BE the market. Low cost index funds beats managers over time.

 

[Westwind]

Terry Savage: “A 20-something who saved $40 per week invested for 50 years at the historic average stock-market return (~10% annually, with dividends reinvested) could accumulate nearly $2.5 million by retirement. In contrast, someone who started later (e.g., age 37) ends up with far less over a shorter period. This illustrates how even relatively small, consistent contributions early in life can grow to substantial wealth over the long term thanks to compound growth.”

All low cost index funds. She said this on the radio awhile back and people wanted to argue with her. People are stupid.

 

[BuckSutherland]

Rocket Lab has been screaming higher. You could have bought it under $40 less than a month ago. Today they announced they landed huge contract to launch satellites into space. Fifteen months ago the stock was under $5. ALMOST pulled the trigger on 1,000 shares back then but chickened out cause I already had a couple hundred shares underwater at $12.xx. Oh well. Not interested in buy any additional at these levels.

 

[Wind Gypsy]

I know a guy that has four 50 gal barrels full of coins. Mostly quarters. Estimates say about 4mm in there

Who needs to manufacture pennies? just need these guys to drop off their barrels haha!

 

[KY wild]

Terry Savage: “A 20-something who saved $40 per week invested for 50 years at the historic average stock-market return (~10% annually, with dividends reinvested) could accumulate nearly $2.5 million by retirement. In contrast, someone who started later (e.g., age 37) ends up with far less over a shorter period. This illustrates how even relatively small, consistent contributions early in life can grow to substantial wealth over the long term thanks to compound growth.”

All low cost index funds. She said this on the radio awhile back and people wanted to argue with her. People are stupid.

Only problem I would like to enjoy being a millionaire before 75 years old, so maybe start taking a percentage out at a younger age.

 

[Wind Gypsy]

Only problem I would like to enjoy being a millionaire before 75 years old, so maybe start taking a percentage out at a younger age.

Contribute more than $40/week - voila.

For folks with an employer contribution match 401k, $40/week is less than I'd expect most would be seeing invested just by contributing enough to get most of their employer match.

 

[Westwind]

Agree with both of the above comments whole heartedly!!!! My only beef with Terry Savage is she wants everyone to wait too long to retire.

Also- I never had employee match but my wife did. Where else can you get that kind of return every time you invest?