And the Motley Fool over the last few days
ISRG V FB NVTA ZM WORK TTD APPN TSLA ROKU T UBER PRU VLO CCL
Note Zoom (ZM) on both lists.
ISRG V FB NVTA ZM WORK TTD APPN TSLA ROKU T UBER PRU VLO CCL
Note Zoom (ZM) on both lists.
Thought I responded to this on my phone, but I musta butt-deleted or something.
I'm not sure what sectors/companies you are in if losing 85% is something you expect to see. It could happen for sure heck it could all be gone, but even a moderately well balanced portfolio shouldn't have lost anywhere near that in 2008-9 bottom. Is your company providing an in house or even broker sponsored advisor service? There can be some value speaking with a planner on goals, wants/needs and balancing.
Incidentally those returns for you and your dad last year.....wham! These money managers are really fighting for their lives vs passive investing returns. I have 3 friends in the finserv industry ranging from 25-40 years experience and it's always interesting to chat with them. I think for very high net worth individuals the boutique manger can truly provide valuable services with tax prep/law changes alone, but for the rest of us it's not typically necessary. Comparing actively managed portfolios vs passive net of fees it's not an easy sell for the active crowd. With 2 of my 3 friends they have to take on more risk than I want to beat me and the other I can't get realistic numbers on b/c I don't have the coin to play in that pool it's private equity with some high hurdles!
I would submit an 85% decline in equity or credit markets at this point in world history would mean nothing matters but bullets and cannibalism. All social services would cease and The US dollar will be reset to some new unit of currency where we can trade in for about 1,000:1. As far as entering retirement in a historical correction or recession that is one of the primary reasons I went to dividend income focus and a few DRIPs.....get paid along the way to retirement. Otherwise all you have is an auction scenario where you are forced to find someone who is willing to pay you more than what you paid and if the music stops the options are few if you need $ immediately.That was just a made up, what if scenario. I hope for all of us that that never happens.
The stock market coronavirus thread has me wondering what type of investment strategies you fellow 'hiders employ.
Personally, I'm an index/ETF guy. I started to dive in and learn about investing about 7 years ago, when a coworker who was passionate about investing lighted a spark in me. I read a bunch of articles, online forums and some books, and investing in an index seemed to make more sense to me then trying to time the markets with individual stocks. Statistically the numbers are against you. Mutual funds are a rip-off as they have such high MER's.
My investing account that I'm leaving in Canada is setup with a 4 fund portfolio - one in CDN equities, one in US equities, one in Int'l equities and lastly CDN bonds. Just setup the wife's investing account, which is using a 3 fund strategy - US broad market equities index, US bonds and Int'l equities.
With my strategy, I constantly contribute a percentage of each of my paycheck (historically it's been ~15-20%). There's no timing the markets, no "active management" on my behalf. I don't even rebalance my portfolios, I just let the winners be winners and the losers be losers. It's really simple, it's very boring (by design), and it completely takes the emotions out of investing. It's worked well over the past 7 years, but it's certainly been a big help to have participated in the longest running bull market in Wall Street's history.
There's lot's of different strategies that people use successfully, and I'm curious to hear what some of you guys are using. It sounds like a few of you are gearing up to take advantage of the current sale that the stock market is putting on, and I'm curious to hear what people are planning to do to take advantage of that.
How is your strategy working out ?The stock market coronavirus thread has me wondering what type of investment strategies you fellow 'hiders employ.
Personally, I'm an index/ETF guy. I started to dive in and learn about investing about 7 years ago, when a coworker who was passionate about investing lighted a spark in me. I read a bunch of articles, online forums and some books, and investing in an index seemed to make more sense to me then trying to time the markets with individual stocks. Statistically the numbers are against you. Mutual funds are a rip-off as they have such high MER's.
My investing account that I'm leaving in Canada is setup with a 4 fund portfolio - one in CDN equities, one in US equities, one in Int'l equities and lastly CDN bonds. Just setup the wife's investing account, which is using a 3 fund strategy - US broad market equities index, US bonds and Int'l equities.
With my strategy, I constantly contribute a percentage of each of my paycheck (historically it's been ~15-20%). There's no timing the markets, no "active management" on my behalf. I don't even rebalance my portfolios, I just let the winners be winners and the losers be losers. It's really simple, it's very boring (by design), and it completely takes the emotions out of investing. It's worked well over the past 7 years, but it's certainly been a big help to have participated in the longest running bull market in Wall Street's history.
There's lot's of different strategies that people use successfully, and I'm curious to hear what some of you guys are using. It sounds like a few of you are gearing up to take advantage of the current sale that the stock market is putting on, and I'm curious to hear what people are planning to do to take advantage of that.
Honestly I don't look.How is your strategy working out ?
I'm watching indexes. A lot of shuffling going on in individual stocks in preparation for the recession. Appearing that is keeping the indexes up, somewhat.
Understood... Lots of different strategies out there. Watching the experts daily is entertaining.Honestly I don't look.
I'm in it for the long haul, I don't do any short term trading.
I'm sure my stuff is down, but the plan is to keep it in there for decades (I'm in my 30's), so what it's doing today is of no real consequence to my plan.