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Are you kidding. He's incredible at making up bullshit. He could say anything and most of the country will buy it.
Europe slowing significantly and lots of names with big Euro exposure getting whacked. Indexes down across the board on heavy volume.
G$$ would love to get your take on this JPM fiasco.
I'm surprised Dimon or no one else has brought up a rogue trader. This activity all seems to have been done within an accepted risk/compliance culture at JPM. I was wondering this morning how many traders/risk managers/auditors/compliance folks have been canned in the last week. Must be a lot.
CDS trading is not for the faint of heart, and CFTC/SEC and or FINRA are probably on site already.
So far has cost em $2B revenue, $14B in market cap and a few downgrades. Guessing Dimon will take a few weeks off bitching about regulations.
ok, so i know nothing about stocks but i do know that my 401k being down 10% this year is not good. wtf am i supposed to do here? nothing? can i move stuff around myself?
im sorry i was confusing...your "Superbowl" was the Redskins losing since you know that the Ravens cant win it all.
you should increase your contribution %
i have no idea if this is a serious response
Serious. If you can swing a 1% increase with still maintaining your desired standard of living then you absolutely should. The market is going to swing a lot between now and your retirement, so you have to get used to that and not try to time the market. If it makes you sleep better, increase your contribution 1% and maybe go like 85/15 stock/bond ratio if you are about 30-35 years old.
i'm younger than that and i already contribute 2% over the match rate. i figured that was good enough?
The market is still up on the year, if you're down 10% you're probably not in the best funds your plan offers. You should be able to rebalance your portfolio and change your contribution allocation yourself on your custodian's website. As someone else mentioned timing the market isn't really practical for most people.
yea, i can do that. the problem is i have no idea WTF i'm doing. last time i looked at it i was +8% 5 weeks ago or so.
you should probably just keep your 401k in a Target Dated fund, something called "Retirement 2045" or something like that, and spend some time studying how you want to invest and what some of your goals are.
This might be the worst investment advice I've ever seen offered on this board. Holy God.
So we'd try to collect from the People's Republic debt issued not by them but instead the government that was overthrown and fled to Taiwan? Good luck with that.
I think it's called Fidelity blah blah 2045. My goal is to make the most money I can off it.
This post was edited by TheHugeManatee 23 months ago
Target date funds are of mediocre quality at best. Many of them under perform just a vanilla S&P500 index fund. You can almost certainly find a better allocation.
Agreed. And they tend to be a little costly.
But Huge, it sounds like you're young and already saving over your match, so you'll end up ahead of most of your peers no matter which funds you pick. Control what you can control. Save more if you can. Try to pick lower cost funds. Try to diversify. If your employer/HR doesn't have allocation advice, go to a website like smart401k.com and for like $50/quarter you input your fund choices, answer a bunch of questions, and they spit out a recommended allocation and help you re-balance every quarter. You won't need them after a year, but for $200, it's a pretty cheap education to get you conventionally invested. You're too young for market timing anyway (a ridiculous amount of gains each year occur on surprisingly few and random days), so once you set it up, try not to watch it too closely. Time's on your side.
I, on the other hand, am pushing 50, didn't take my earlier advice, and now need to think about desperation plays like real estate IRAs!
Well that dead cat bounce didn't last long
FML I should have sold all my shit back in April goddamn it
Pretty sure everyone wishes they had sold the top. Luckily this time around the market gave everyone plenty of chances to get out in early May
Dow with it's sights fixed on negative for the year
Nearing a 2% down day. S&P just crossed the 200 day sma. Really dicey.
This is pretty damn interesting, hard to argue with something that's been 100% right.
Indicator's expected 12-month total return rises to +23%
With the S&P 500's indicated dividend yield near 2%, that implies a 12-month price return of 21% and a 12-month value of 1588. Although this is not our official S&P 500 target, this model is an input into our target, which incorporates valuation, sentiment and technicals. Historically, when our indicator has been this low or lower, total returns over the subsequent 12 months have been positive 100% of the time, with median 12-month returns of +30%.
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