Which of these would you say has the largest upside?
TSLA
LCID
RIVN
TSLA, but no upside to any of these hipster stocks. Other two will act like ARK type 😹investments. TSLA will be down at least 50% from the high at the future lows (over next year) other two 80-100%. But hey, my IQ is under 75, so you better ask the genius Doctor. Don’t let him to operate (portfolio or your body) though. 😷
Crypto! We back!
Up more in a single day than Hussmann “strategic growth” index in like 15 years.
“Strategic” must mean “negative” in Hussmann-speak.
I noticed you have been characteristically silent during your bubble holdings downturn. At least you have been given an opportunity window for a redemption from your fantasy.
agip wrote:
all time high SPX but not Dow, NASDAQ or R2k
is that just indexing? money moving into the SP500 because that's what people do these days?
Geez. I'm seriously thinking about moving to equal weighted ETFs.
The R2K is definitely lagging in the latter part of this year. But besides that, the SNP and Nasdaq are within a percent or two of each other at any given interval/timeframe. And while SNP may be at ATH, Nas is only 1.1% off of it, so I am hesitant to be too concerned,
Glad to hear you both are doing well. And yes, running is nothing short of a panacea for great health, to say the least.
My oncologists/specialist surgeons/primary care docs all told me my tolerance for treatments was a benefit general good health. I think that is true for everyone. Though I suspect high intensity and high mileage as a youngster may have been contributing factors for my illness. Several friends that have been intense and high volume exercisers as masters have experienced A-fib issues. So as in most things a balanced approach may be better.
investing noob wrote:
Flagpole wrote:
No. You should invest 15% of your salary before taxes each year. So, if your salay is $100,000, you should be investing $15,000 each year into mutual funds within retirement accounts. That is bare minimum. I will even give an out to those who get a match from their companies, so for example if they give you 3%, it would be fine for you to invest 12%.
I will also say that there were ~2 years in there in my life when we had moved to a new place and bought a house and my wife began a 15-year-stint as a stay at home mom were we did 5% only (my company at the time gave me 3%, so technically we were up to 8%), so I do understand the need to drop it down sometimes, but that should be temporary, and you should more than make up for that later. Prior to that 2-year period though, we had 7 years of investing half (50%) of our income, and after that 2-year-period, we put it back to 15% for another couple of years and then eventually over 20% since then.
People can and do retire on less...MUCH less. If you want to work until age 67 and invest nothing, there are decent places to retire in this country on Social Security alone (especially if a married couple). There are usually lists of such towns every year.
IF though, you want to retire earlier much than 67 and/or retire in style, then the 15% is a bare minimum goal.
It seems like a lot for some people, but it's really not. Make a budget and just set it up to be automatic. If you end up paying your house off early (a solid goal), and you have kids out of the house by the time you are in your mid-late 50s, it should be EASY to save 50% of your income from then on. If you make a decent amount, you'll have to invest some of that into non-retirement mutual funds, OR have separate 401ks for you and a spouse and maybe even separate IRAs. I don't know the specifics there as my wife and I have just one 401k and one IRA and then other things are in non-retirement mutual funds.
Ah okay. I think saving 15% of your paycheck is the same as saving 15% of your salary? We max out 401k, backdoor Roth, HSA and contribute to taxable accounts and 529 too.
Ok. You are on your way then. I'm not against 529 plans, but for the vast majority of people they really aren't necessary. It is very easy to pay for college. Some people just don't go about it the right way. Most state schools are affordable and can be paid for with current income or a combination of that and very small loans. For the students who are lower level students who might not for sure get through college, starting at Community College is a good and very cheap way to get started. If your kid is very smart or athletic, then scholarships are available. If you haven't researched it, you might be surprised at how much money there is out there for not even the top students. If you want to send your kid to a very expensive private school, the best ones (Ivies and the like) give amazing need based aid that can make it free or just very inexpensive to attend. My brother makes $1 million dollars a year, so he got no break for either of his kids who both went to expensive private colleges, but he makes $1 million dollars a year, so that was not necessary.
IF you are a person who has a hard time not spending all of your income, a 529 plan might be a good idea. We didn't do one. We opted instead to just invest a ton for our retirement and then paid for college for our kids out of our income, understanding that if we had to, we would not contribute to retirement during the college years...turns out we didn't have to stop retirement contributions...one kid went to an elite college that gave amazing need-based aid even though we had a good household income when she started, and the other got a great combination of academic and athletic scholarship money that made paying for him very easy.
Ghost of Igloi wrote:
My oncologists/specialist surgeons/primary care docs all told me my tolerance for treatments was a benefit general good health. I think that is true for everyone. Though I suspect high intensity and high mileage as a youngster may have been contributing factors for my illness. Several friends that have been intense and high volume exercisers as masters have experienced A-fib issues. So as in most things a balanced approach may be better.
You can add me to your list of masters exercisers who have had A-fib issues. Like within the last few weeks. Follow-up appt. with the cardiologist later this week as a matter of fact. Looks like it ay turn out to be a one-off event, but we need to drill down deep enough to know for sure.
What were we saying about running and superior health? LOL.
Seattle,
Wish you the best on that. My running friend with the more serious issue ran a 12 miler in the snow Christmas Eve. He can run, the concern is the intensity, which he monitors.
Igy
danube steak wrote:
Which of these would you say has the largest upside?
TSLA
LCID
RIVN
Either LCID or RIVN but they also have the biggest downside. Tesla is safest of the 3.
Flagpole wrote:
investing noob wrote:
Ah okay. I think saving 15% of your paycheck is the same as saving 15% of your salary? We max out 401k, backdoor Roth, HSA and contribute to taxable accounts and 529 too.
Ok. You are on your way then. I'm not against 529 plans, but for the vast majority of people they really aren't necessary. It is very easy to pay for college. Some people just don't go about it the right way. Most state schools are affordable and can be paid for with current income or a combination of that and very small loans. For the students who are lower level students who might not for sure get through college, starting at Community College is a good and very cheap way to get started. If your kid is very smart or athletic, then scholarships are available. If you haven't researched it, you might be surprised at how much money there is out there for not even the top students. If you want to send your kid to a very expensive private school, the best ones (Ivies and the like) give amazing need based aid that can make it free or just very inexpensive to attend. My brother makes $1 million dollars a year, so he got no break for either of his kids who both went to expensive private colleges, but he makes $1 million dollars a year, so that was not necessary.
IF you are a person who has a hard time not spending all of your income, a 529 plan might be a good idea. We didn't do one. We opted instead to just invest a ton for our retirement and then paid for college for our kids out of our income, understanding that if we had to, we would not contribute to retirement during the college years...turns out we didn't have to stop retirement contributions...one kid went to an elite college that gave amazing need-based aid even though we had a good household income when she started, and the other got a great combination of academic and athletic scholarship money that made paying for him very easy.
If you are paying for kids college out of pocket then why not take advantage of 529? We get a state tax deduction, and gains are tax free. It's like a Roth for college.
Went all in VTI in my Roth today. I have VTI, AAPL and SARK now. Easy mode.
investing noob wrote:
Flagpole wrote:
Ok. You are on your way then. I'm not against 529 plans, but for the vast majority of people they really aren't necessary. It is very easy to pay for college. Some people just don't go about it the right way. Most state schools are affordable and can be paid for with current income or a combination of that and very small loans. For the students who are lower level students who might not for sure get through college, starting at Community College is a good and very cheap way to get started. If your kid is very smart or athletic, then scholarships are available. If you haven't researched it, you might be surprised at how much money there is out there for not even the top students. If you want to send your kid to a very expensive private school, the best ones (Ivies and the like) give amazing need based aid that can make it free or just very inexpensive to attend. My brother makes $1 million dollars a year, so he got no break for either of his kids who both went to expensive private colleges, but he makes $1 million dollars a year, so that was not necessary.
IF you are a person who has a hard time not spending all of your income, a 529 plan might be a good idea. We didn't do one. We opted instead to just invest a ton for our retirement and then paid for college for our kids out of our income, understanding that if we had to, we would not contribute to retirement during the college years...turns out we didn't have to stop retirement contributions...one kid went to an elite college that gave amazing need-based aid even though we had a good household income when she started, and the other got a great combination of academic and athletic scholarship money that made paying for him very easy.
If you are paying for kids college out of pocket then why not take advantage of 529? We get a state tax deduction, and gains are tax free. It's like a Roth for college.
Went all in VTI in my Roth today. I have VTI, AAPL and SARK now. Easy mode.
This topic of college savings could fill a book. I've delved into it and have my own views, and have experience with GET plans, 529s, and pre-paying full tuition and fees up front for the college of choice.
we saved voraciously and everything gets factored in, so we did poorly in the FA area. But I also not so naïve to not realize that for a viable college candidate who has the resources to cover their own finances and not hurt the college's stats (which yu may as well realize are a major driver in this calculation) , said candidate may receive some preferential treatment in admissions simply because they will afford the college the opportunity to accept some deserving lower income students with the benefit of aid.
In hindsight, our investments would have probably done much better if we had not used the 529s, pre-paids, and GET, and had gone with self-directed, taxable savings instead, but I doubt most parents would fit into that camp. In fact, I am sure it would be very rare.
I realized that I may have not given you the answer you've asked for, investing noob.
529s and the like do not offer a particularly wide range of investment options. If you save it in your own cash brokerage account, you may do better, and so much better, that it offsets the tax liability that you bypassed by not using the 529/Get/etc. I can go into more detail, but if you are particularly good managing your investments, the difference may exceed the taxes due on those gains.
One benefit of the 529/GET/Cloverdales are that they are structured, savings and you can't access them for anything but their intended educational purpose. Most people need this to be at all viable. And of course, there are the tax free gains , as well.
I support those programs and I would advise most folks to use them to their full capacity.
Ghost of Igloi wrote:
But hey, my IQ is under 75, so you better ask the genius Doctor. Don’t let him to operate (portfolio or your body) though. 😷
Somebody’s triggered. 🤡
Ghost of Igloi wrote:
I noticed you have been characteristically silent during your bubble holdings downturn. At least you have been given an opportunity window for a redemption from your fantasy.
Not much to say when it was down. I was waiting for an even more beastly drop, so I could buy some more.
Bigly steady rise up for some ones I posted awhile back: STX and MATIC.
Def some volatility ahead but another pump in the books as well.
Personally I would expect another dump early in the new year with Bitcoin to $33k. Things will get worse as the 2022 marches on.
Ghost of Igloi wrote:
Personally I would expect another dump early in the new year with Bitcoin to $33k. Things will get worse as the 2022 marches on.
Tbh hope you’re right. We need one more good buying opportunity. You know this stuff still has plenty of room to surge in the next few years.
investing noob wrote:
Flagpole wrote:
Ok. You are on your way then. I'm not against 529 plans, but for the vast majority of people they really aren't necessary. It is very easy to pay for college. Some people just don't go about it the right way. Most state schools are affordable and can be paid for with current income or a combination of that and very small loans. For the students who are lower level students who might not for sure get through college, starting at Community College is a good and very cheap way to get started. If your kid is very smart or athletic, then scholarships are available. If you haven't researched it, you might be surprised at how much money there is out there for not even the top students. If you want to send your kid to a very expensive private school, the best ones (Ivies and the like) give amazing need based aid that can make it free or just very inexpensive to attend. My brother makes $1 million dollars a year, so he got no break for either of his kids who both went to expensive private colleges, but he makes $1 million dollars a year, so that was not necessary.
IF you are a person who has a hard time not spending all of your income, a 529 plan might be a good idea. We didn't do one. We opted instead to just invest a ton for our retirement and then paid for college for our kids out of our income, understanding that if we had to, we would not contribute to retirement during the college years...turns out we didn't have to stop retirement contributions...one kid went to an elite college that gave amazing need-based aid even though we had a good household income when she started, and the other got a great combination of academic and athletic scholarship money that made paying for him very easy.
If you are paying for kids college out of pocket then why not take advantage of 529? We get a state tax deduction, and gains are tax free. It's like a Roth for college.
Went all in VTI in my Roth today. I have VTI, AAPL and SARK now. Easy mode.
Again, I have no issue with people taking advantage of 529 plans. We just wanted to completely maximize our own retirement investing, work on paying off the house, etc. and figured we could easily pay for college out of our income when the time came. Both of my kids tested as "gifted" in the 1st grade, and while that doesn't guarantee anything, based on my wife's and my own history, we were taking a small gamble that they would do well enough to make college extremely affordable. My daughter was her class valedictorian, varsity CC and track athlete, all As, tons of AP classes, very high SAT score and got into an elite college with great financial aid. My son also was a great student and got a large academic scholarship plus an athletic scholarship for track and cross country (he was a high school All American) to the D1 college of his choice.
Worked out well for us.
Bitcoin back under $49k….