Investing General Discussion

Gravel

Gravel

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The other day when the market broke even on the year, I asked my wife if we needed more money yet. She said we still had a month or two. I considered liquidating some, but boy am I glad I waited (not that 2-3% is a huge difference).
 
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M Power

M Power

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Gravel said:
The other day when the market broke even on the year, I asked my wife if we needed more money yet. She said we still had a month or two. I considered liquidating some, but boy am I glad I waited (not that 2-3% is a huge difference).
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It's all relative. 3% of $1,000,000 is quite a bit of money.
 
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Cad

Sheriff Cad

scientia potentia est
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And we're up 1.4% today as of right now too, all time highs by a good margin.

I mean personally its great for me like I'm sure it is for a lot of you, but I don't understand it.
 
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M Power

M Power

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Gravel

Gravel

Mr. Poopybutthole
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M Power said:
It's all relative. 3% of $1,000,000 is quite a bit of money.
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Right, but I don't liquidate my entire portfolio when we need cash to live off. I do like $5-10k at a time. So it's an extra couple hundred dollars. Not nothing, but over the long term also insignificant.

It's why I always say, even after you retire you still need to stay in equities. If you've got 30 years, do you care what the market is at today? No, it's what it looks like in 10, 20, or 30 years. And if you expect it to keep going up, don't worry about the small bumps along the way.
 
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M Power

M Power

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Gravel said:
Right, but I don't liquidate my entire portfolio when we need cash to live off. I do like $5-10k at a time. So it's an extra couple hundred dollars. Not nothing, but over the long term also insignificant.

It's why I always say, even after you retire you still need to stay in equities. If you've got 30 years, do you care what the market is at today? No, it's what it looks like in 10, 20, or 30 years. And if you expect it to keep going up, don't worry about the small bumps along the way.
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I agree as long as your equities are well diversified and not heavily aggressive.
 
Cad

Sheriff Cad

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Gravel said:
Right, but I don't liquidate my entire portfolio when we need cash to live off. I do like $5-10k at a time. So it's an extra couple hundred dollars. Not nothing, but over the long term also insignificant.

It's why I always say, even after you retire you still need to stay in equities. If you've got 30 years, do you care what the market is at today? No, it's what it looks like in 10, 20, or 30 years. And if you expect it to keep going up, don't worry about the small bumps along the way.
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People selling into bonds at 49 or whatever are insane. I'm staying 100% equities, and planning to just live off the gains (a portion of the gains most likely) and just eating the bad years in order to enjoy the good years. My wife is cheap, if there's a sustained downturn we can turtle up and be fine.
 
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M Power

M Power

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wolf.jpg
 
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M Power

M Power

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Jysin said:
View attachment 625463

Will Ferrell Anchorman GIF by AOK
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They are only doing it because Trump won't unblock the Iranian ports until the deal is complete. I'm guessing this is solved by end of the week if not sooner. Sadly, Trump risks blowing everything up and dragging this out longer because he can't just let things go and has to be the big man. If he just says "deal made no longer blocking ports" then Iran would let the strait open again.
 
Tmac

Tmac

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M Power said:
They are only doing it because Trump won't unblock the Iranian ports until the deal is complete. I'm guessing this is solved by end of the week if not sooner. Sadly, Trump risks blowing everything up and dragging this out longer because he can't just let things go and has to be the big man. If he just says "deal made no longer blocking ports" then Iran would let the strait open again.
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Got dang dude! We need you in the Oval Office!
 
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Haus

Haus

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Cad said:
And we're up 1.4% today as of right now too, all time highs by a good margin.

I mean personally its great for me like I'm sure it is for a lot of you, but I don't understand it.
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This is also something itching in the back of my head. On one hand I tell myself "The market had an overall crappy Q1, people went risk off and sold. Now they're looking for excuses to make the correction that happened the absolute bottom and buying back in, driving the market up regardless of any actual news."

Then there's a part of me that remembers living through the .com crash and learning very painfully what terms like "Irrational Exuberance" and "market capitulation" meant.

The logic side of my brain doesn't see any mappable reason for the surge.
 
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Jysin

Jysin

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A great explainer of the CAR squeeze. (Which closed over $610 yesterday)

He explains that nearly the entire float is locked up due to delta hedging vs the options accrual certain entities have made. Direct comparison with the Archegos debacle in 2021.

 
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Haus

Haus

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Jysin said:
What in the actual fuck?

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I'm watching the Warsh confirmation hearing right now. I will say as to Trump's comments. As has been hammered ad nauseum in the politics threads, he's gonna say what he's gonna say...

Interesting take that I find actually refreshing if Warsh can REALLY do the Fed Reserve job to these statements he made:
  • The fed shouldn't be talking about what they want interest rates at during the next quarter, half or year. Interest rates need to be set now to what they need to be to achieve the mandate.
  • The fed maintaining a large balance sheet is taking the fed out of monetary policy and into fiscal policy which is counterproductive and bad. The balance sheet should only be a tool leveraged in extreme emergencies, and it should be wound down safely to zero when not in an emergency.
With that said, we also all know he's going to say whatever he needs to get confirmed. He also denied that he made any promises regarding interest rates to Trump even thought Trump has outright said he would only support a fed chair who would deliver rate cuts.
 
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