Investing General Discussion

nt

Moglyzoke Moogleman said:

I don't buy lottery tickets, I don't play poker, I don't go to the casino. Phone casino is enough degeneracy for me.

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Except those other three vices provide you better odds of winning

Looks like markets staying pretty flat while they wait for Janet to speak.

nt

So it looks like the SPY 200-DMA still needs some time to turn upwards. 50 and 100 are looking good. Notice we bounced off that test of intermediate resistance at $417

Sanrith Descartes said:

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Gee I wonder how we got here?

ePacket


In 2011, the U.S. Postal Service made special agreements with the national postal carriers of China and Hong Kong (and subsequently South Korea and Singapore) to allow tracking-enabled packages not exceeding 36” or weighing over 4.4 pounds to be sent to the U.S. for extremely low rates. They called this shipping option the ePacket, and the rates are so low that it's cheaper to ship small parcels from China to an American city than it is to send that same parcel domestically. As Amazon’s Vice President of Global Policy Paul Misener pointed out:


“The cost to ship a one-pound package from South Carolina to New York City would run nearly $6; from Beijing to NYC: $3.66.”

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They take every conceivable action to fuck American industry and get you to purchase overseas.

NVDA officially +100% from the mid-Oct low. Great call Cramer.

I just got back from lunch. I guess Janet said dovish things?

Mist said:

So I'm thinking of rebalancing my ROTH to be basically just 1/3rd SPY, 1/3rd FLPSX, and 1/3rd JEPI, or maybe 1/4ths and adding MSFT. Any good reasons not to do this?

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There are 10,000 portfolio variations and I can find good and bad reasons for almost all of them. Your age is a significant variable to any portfolio design and you didn't include it.

That being said I am not going to address your idea specifically but in a bit more general view.

Assuming you are under 50 years old, make a portfolio built around an index (SPY/QQQ/FTEC/DIA/ITOT etc). Weight it 50-75% of your portfolio. Take the cash left over and use it to go overweight stocks that you truly love by owning them individually in addition to the basket weight in the index you hold. Understand the basket of holdings in your chosen index/indexes (yes you can mix SPY and QQQ for instance) and how much overweight you put yourself in any stocks you individually own. Check your weighting once or twice a year and trim if necessary.

When i say stocks you truly love, I refer to monster blue chips with rock solid balance sheets and moats who will be around in 50 years. I like JEPI, but over the long haul you dont need to allocate money to a low-beta fund since SPY/QQQ/ITOT etc will provide you this by riding the tide up and riding it back down. If you are 50+ then capital preservation begins to take on added significance.

Ranak said:

Already?

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They aint fucking around.