Destination shopping in upscale areas continues to thrive, I agree. But now 50% of Franklin County finds itself under-retailed. While there are microeconomic reasons involving the Columbus private-sector power structure at play, even absent of that there is still an issue.

2 minutes ago, GCrites80s said:

Destination shopping in upscale areas continues to thrive, I agree. But now 50% of Franklin County finds itself under-retailed. While there are microeconomic reasons involving the Columbus private-sector power structure at play, even absent of that there is still an issue.

 

Hence the reason traffic around Southpark Mall and Crocker Park are still absolutely insane Fri-Sun

52 minutes ago, freefourur said:

Ford has come a long way in reliability. But I have a foreign car now which is 12 years old and runs great. 

 

The Focuses (Focci?) everyone are raving about above are all built overseas.   

Huh, timely for the discussion:

 

Consumers increasingly see pickups as overpriced and underbuilt

Published 7:00 a.m. ET March 28, 2019

 

"With pickup truck prices on the rise, many owners are reconsidering their current brand, or in some cases whether they will repurchase a pickup at all," said Madison Gross, director of consumer insights at CarGurus.  

With the average transaction price for a new full-size truck near $50,000, the expense of buying and maintaining a pickup are pushing some pickup owners into other vehicles. The survey found that only about 15 percent of current pickup owners say the vehicles are a good value.

 

And of those who switched out of a pickup, more than a third bought sedans, even as automakers cease production of many traditional cars, according to the survey by CarGurus.

 

https://www.freep.com/story/money/cars/general-motors/2019/03/28/trucks-prices-chevrolet/3271882002/

 

 

 

I guess they're finally starting to run out of Boomers named Buzz to buy all these trucks.

Edited March 28, 20196 yr by GCrites80s

58 minutes ago, Cleburger said:

The Focuses (Focci?) everyone are raving about above are all built overseas.   

 

The last gen Focus was built in Michigan before getting the axe for the U.S. market last year.

11 minutes ago, GCrites80s said:

Huh, timely for the discussion:

 

Consumers increasingly see pickups as overpriced and underbuilt

 

"With pickup truck prices on the rise, many owners are reconsidering their current brand, or in some cases whether they will repurchase a pickup at all," said Madison Gross, director of consumer insights at CarGurus.  

With the average transaction price for a new full-size truck near $50,000, the expense of buying and maintaining a pickup are pushing some pickup owners into other vehicles. The survey found that only about 15 percent of current pickup owners say the vehicles are a good value.

 

And of those who switched out of a pickup, more than a third bought sedans, even as automakers cease production of many traditional cars, according to the survey by CarGurus.

 

https://www.freep.com/story/money/cars/general-motors/2019/03/28/trucks-prices-chevrolet/3271882002/

 

 

 

I guess they're finally starting to run out of Boomers named Buzz to buy all these trucks.

 

 

You can fit 20 2x4x8's in a Focus hatchback.  You can have the lumberyard cut down your 8x4 sheet of plywood and put it back together at your house.  You can fit two kits for 77" metal shelving in there.  You can bend an 8x4 sheet of rigid insulation and get it in there.  

 

I've done all of that stuff with the hatchback.  No, I didn't need to drive that stuff across a pasture, but then again rarely does the typical pickup or SUV drive on a gravel road, let alone off-road. 

 

 

 

 

 

 

...and if you are in a pinch, you can rent the Home Depot Truck for what, $20 for the first 45 minutes?

Just now, OldBearcat said:

...and if you are in a pinch, you can rent the Home Depot Truck for what, $20 for the first 45 minutes?

I was just about to post this.  Also, if you are in need of a lot of materials, it is not that expensive to have them delivered. 

But renting anything is just so, so, so Millennial.  Real men need to own their giant debt-saddled gas-guzzling albatrosses!

55 minutes ago, OldBearcat said:

...and if you are in a pinch, you can rent the Home Depot Truck for what, $20 for the first 45 minutes?

You can also rent pickups from U-Haul for $20 a day and .79 per mile.

 

If you are doing a day project and need to haul items and make a number of trips it is a much more economical option.

 

 

 

9 hours ago, Brutus_buckeye said:

You can also rent pickups from U-Haul for $20 a day and .79 per mile.

 

If you are doing a day project and need to haul items and make a number of trips it is a much more economical option.

 

 

 

 

I have a 6' utility trailer that I bought off a guy for $275 in great shape.  It's one of those little cheapos like they sell in the front of Lowe's for lawn mowers, but does the trick in a pinch if I need to haul some lumber.  

Cross-posted from Income Inequality

 

For These Women, a FIRE That Burns Too Male and Too White

Fed up with the bro-heavy archetype of the FIRE trend (“financial independence, retire early”), women are carving out their own niche in the frugal-living movement.

 

By Charlotte Cowles

June 7, 2019

Kiersten Saunders stumbled upon the FIRE movement — an acronym for “financial independence, retire early” — the way most people do: by reading about it online. But also like most people, she couldn’t relate to its membership, which seemed largely white, male and based in Silicon Valley.

“When I first started looking at the FIRE blogs, it was a bit of a culture shock,” says Mrs. Saunders, 34, a marketing director in Atlanta. “As a black American and as a woman, I knew that I wouldn’t be able to replicate exactly what they did.”

 

https://www.nytimes.com/2019/06/07/business/fire-women-retire-early.html

^ The thing about detractors from systems like this is that people think all these self help Retire Early are one size fits all, and if they follow the script exactly like the book says, you will end up in the same place. The thing is, it is never one size fits all and people need to tailor things to meet their specific situation. The guidance is good, but people don't need to take it as gospel, they need to modify things to meet their situation.

One thing that makes a big difference obviously is kids. A lot of people had kids before they found out about all this stuff while the Silicon Valley Tech Bro is a master at avoiding fatherhood

PTN has a PDUFA scheduled soon for a female sexual desire drug but looks like price in already at 1.30 while waiting on decision with the FDA. #Noveldrug

Edited June 12, 20196 yr by Mildtraumatic

11 minutes ago, Brutus_buckeye said:

^ The thing about detractors from systems like this is that people think all these self help Retire Early are one size fits all, and if they follow the script exactly like the book says, you will end up in the same place. The thing is, it is never one size fits all and people need to tailor things to meet their specific situation. The guidance is good, but people don't need to take it as gospel, they need to modify things to meet their situation.

 

The math on the end goal is pretty straightforward - the Trinity Study concludes that a 4% withdrawal rate is successful (i.e. a 60/40 or 70/30 portfolio has a positive balance at the end of 30 years) in ~96% of scenarios over the last century (I may be messing that up slightly, but that's the gist).  So the path pointed out by the NYT piece isn't that different from white males - spend less than your peers typically, don't keep up with the Joneses, spend a lot less or nothing on entertainment, invest the rest.

 

The basic tenets are the same - of course, "spending less" may look different if you make $250k+ in San Francisco vs. $45k in the Midwest.  Some people are more conservative so they want to use a 3% withdrawal rate.  Some people have no intention of "retiring" but simply want the financial security to switch to a new (read: more fulfilling) field.

 

Of course, people always relate better/more to stories they can understand.  That's part of the reason why I could never read more than a few posts from The Financial Samurai - the dude lives in a Silicon Valley bubble and posts about numbers that are unfathomable to us in Ohio.  The NYT article also notes women tend to stay more anonymous while men are more likely to use their real name on their blog.  So it's hard to say if those who are pursuing FI/RE are overwhelmingly male or not - based on unscientific surveys I've seen I would say that is probably the case.

My retirement plan is penny stocks.

6 minutes ago, DarkandStormy said:

 

The math on the end goal is pretty straightforward - the Trinity Study concludes that a 4% withdrawal rate is successful (i.e. a 60/40 or 70/30 portfolio has a positive balance at the end of 30 years) in ~96% of scenarios over the last century (I may be messing that up slightly, but that's the gist).  So the path pointed out by the NYT piece isn't that different from white males - spend less than your peers typically, don't keep up with the Joneses, spend a lot less or nothing on entertainment, invest the rest.

 

The basic tenets are the same - of course, "spending less" may look different if you make $250k+ in San Francisco vs. $45k in the Midwest.  Some people are more conservative so they want to use a 3% withdrawal rate.  Some people have no intention of "retiring" but simply want the financial security to switch to a new (read: more fulfilling) field.

 

Of course, people always relate better/more to stories they can understand.  That's part of the reason why I could never read more than a few posts from The Financial Samurai - the dude lives in a Silicon Valley bubble and posts about numbers that are unfathomable to us in Ohio.  The NYT article also notes women tend to stay more anonymous while men are more likely to use their real name on their blog.  So it's hard to say if those who are pursuing FI/RE are overwhelmingly male or not - based on unscientific surveys I've seen I would say that is probably the case.

Exactly, the tenets have been truism for years. Most of the themes in the financial self help books are the same themes that have been recycled since the dawn of time. However, there are always room for more voices as those same tenets resonate differently with different people.

On 3/28/2019 at 2:11 AM, jmecklenborg said:

It's really amazing looking at the used car listings.  And by used car, I mean used car, not SUV or crossover or whatever.  A brand-new Fiesta is like $19k, so some idiot just blew over $10,000 on a barely-driven car trading it in for who-knows-what.

 

 

 

Why I never buy new cars.

I just bought $LQD iShares iBoxx. My father somehow got me in Fisher Investments and they told me to put money in this for alternative to savings. Says I'll get 5 percent return but its a corp bond but looks just like common stock to me.. I'm a little frustrated. Don't have a clue what I bought and completely against my rules when investing but just did it for my father. Father- son bonding I guess. I'm use to buying and selling to make money but they tell me to keep adding to it like a savings. Can anyone help explain what I got into? Do I own stock or bonds?? Not sure about Fisher Investments and what relationship they have with me. My father is the main account holder and I'm kinda like piggy backing off him with them.

Edited July 19, 20195 yr by Mildtraumatic

The Wall St. Journal ran a good story today on the debt carried by the average middle class family...we all know about student loans and credit cards, but the car loans are truly getting out of control:

https://www.wsj.com/articles/families-go-deep-in-debt-to-stay-in-the-middle-class-11564673734

 

There is also a mention or two of traveling for weddings...this is the bane of the college-educated.  There is a lot of pressure to go to all of the out-of-town weddings of your college friends, but at some point you have to say no to people. 

The possible flip side of this is that cars last longer than they used to. 

 

But I’d predict that on average, they don’t last enough longer to make it worth the 6-year loans people will take out now. 

 

That said, I’m financing my Tesla, which was not cheap, so I’m certainly part of the growing middle class car debt statistic ... but I really do think I’ll be able to make it last 15 years. I think there’s a very good chance that my children will learn to drive on this car. 

Truck culture has become insanely ridiculous and dumb in the past few years that people don't care that the thing is $60,000... they want to look blue-collar and "salt of the earth". Being seen in a car is a fashion disaster. For the first time ever, there is starting to be a massive divide between car enthusiasts and truck people. On the enclosed cargo side, the crossover fad is instantly adding 2 years to the loan over the equivalent sedan/coupe. At least someone will want the truck when it over 5 years/100,000 miles wheras no one will want the crossover at the same point.

44 minutes ago, GCrites80s said:

 At least someone will want the truck when it over 5 years/100,000 miles wheras no one will want the crossover at the same point.

 

When I was a kid, I don't recall there being very many 4-seat extended cab/king cab pickups.  Most pickups seemed to be just the front bench i.e. Uncle Jesse, and extra people rode in the bed.  You used to see people in the bed of trucks all the time, even in the city, but I guess the police actually crack down on it now.    

 

I'm not sure how much squeezing another bench into a cab adds to the cost, but it certainly reduces the cargo space.  It's amazing how little a a compact pickup like a Tacoma (my neighbor across the street just got one) can haul.  

Trucks are always putting your nuts in a vice. Like if you get a single cab, everything is always in danger of being rained on, blowing out or getting stolen. If you get a double cab then you are carrying around 800 extra pounds everywhere you go (seriously) and people can still look in the window and see your stuff.

 

One of the greatest joys about getting a car with a trunk again after years of dailying a truck was not having to drag thousands of dollars worth of nerd garbage that can't even be in the sun for an hour without losing all its value into the house after working an 12-hour shift at the game store in order to transfer the stuff between locations.

15 hours ago, GCrites80s said:

One of the greatest joys about getting a car with a trunk again after years of dailying a truck was not having to drag thousands of dollars worth of nerd garbage that can't even be in the sun for an hour without losing all its value into the house after working an 12-hour shift at the game store in order to transfer the stuff between locations.

 

It might be possible for an electric truck to have a trunk in the front.  Not a huge one, but something. 

 

What's comical to me is when I see someone hauling their toy on a purposed-built rack instead of in the bed, especially mountain bikes.  I think that people really want for their toy to be seen, whatever it might be. 

Hi guys & gals - 

 

Not sure if this is the right thread, but I think it is... 

 

Nonetheless, I'm in the process of forming a holding company just as a means of handling investments in local companies and property - spurred by some words of encouragement from Kenny Scoops himself @KJP. I'm interested in investing in local companies that need capital - while my wife, partner, and I will more or less handle the real estate side of things. 

 

As such, I came to the realization that I don't have the tiniest idea of where to even begin looking. I've visited BizBuySell and I think that's geared towards whole takeovers, which I don't have the infrastructure - nor capital quite frankly - to undertake at this moment. If any of you could point me in the right direction, I'd really appreciate it. If you or someone you know is looking for outside investments - feel free to shoot me a DM if you'd like. 

 

Again, this will be modest investments for at least the next 12-18 months, but just want to see what options are out there. Thanks! 

I know a lot of people have talked up BiggerPockets, but I think they're geared towards rental real estate.

 

Maybe https://cleveland.score.org

 

It couldn't hurt to contact them, see if they could help you connect with what you're looking for at least.

1 hour ago, YABO713 said:

Hi guys & gals - 

 

Not sure if this is the right thread, but I think it is... 

 

Nonetheless, I'm in the process of forming a holding company just as a means of handling investments in local companies and property - spurred by some words of encouragement from Kenny Scoops himself @KJP. I'm interested in investing in local companies that need capital - while my wife, partner, and I will more or less handle the real estate side of things. 

 

As such, I came to the realization that I don't have the tiniest idea of where to even begin looking. I've visited BizBuySell and I think that's geared towards whole takeovers, which I don't have the infrastructure - nor capital quite frankly - to undertake at this moment. If any of you could point me in the right direction, I'd really appreciate it. If you or someone you know is looking for outside investments - feel free to shoot me a DM if you'd like. 

 

Again, this will be modest investments for at least the next 12-18 months, but just want to see what options are out there. Thanks! 

I would consider talking to a business broker, you can find them on bizbuysell. It would be good to make sure you truly get an understanding of the type of business that would best suit your interest, capability, and most importantly the capacity you have to operate it while working your day job.

 

The one thing that a number of peers whom I went to law school with struggled with was the desire to acquire a passive income by purchasing a small business yet still wanting to work full time in their legal practice. It was a very difficult task as the challenge of running a business (no matter how small) was too time consuming that it interfered with the day to day rigors of the  actual practice of law (if you bill by the hour, you essentially have to account for 6-8 hours of billings per day one way or another). Some of the businesses were too small or labor intensive to justify a full time general manager to run them, so it essentially required the founder to devote a ton of their time to the business. After a few years, they looked to sell for a loss.

 

As for taking a stake in small, local companies, it will depend on the type of business you are looking to take a stake in. Talk to some of the local venture capitalists and Angel Investors to get their criteria to understand how they invest. There are a lot of small mom and pop companies out there which may have the desire to grow, but would not make sense for a silent partner because the value of your minority stake cant be transferred and often times is worthless without the founder/manager/etc. and the companies are not big enough or have the growth potential to organize them like a tech company (with Class A, B,C shares, preferred stock, convertible shares, etc). If you are investing in say a small painting company, small restaurant or convenience store, or even law firm; it is harder to work as a passive investor.  (in general service businesses are harder to work)

 

If you are going to invest in businesses with hard assets, it is something that works better as you have collateral there. Real estate is a perfect example of this and why it works so well. Businesses where you have a real estate as a primary collateral (a manufacturing business, self storage, hotel, Dry cleaner (with real estate)). This way, if you have the business go South because of poor management, you have some collateral to recover or attempt to instill new management to turn it around without the entire value deteriorating (see WeWork as example 1). I know a lot of people who act as private lenders to these types of businesses, which is often a better structure if you are looking to be passive, because you then have the interest in the collateral if it goes south and can then take over the asset if you need.

 

If you have ideas you may want to run by me, you are always welcome to reach out. Especially, if you are doing something real estate related, there are a ton of different methods you can use to grow a real estate portfolio or business portfolio with real estate collateral.

 

10 minutes ago, Brutus_buckeye said:

I would consider talking to a business broker, you can find them on bizbuysell. It would be good to make sure you truly get an understanding of the type of business that would best suit your interest, capability, and most importantly the capacity you have to operate it while working your day job.

 

The one thing that a number of peers whom I went to law school with struggled with was the desire to acquire a passive income by purchasing a small business yet still wanting to work full time in their legal practice. It was a very difficult task as the challenge of running a business (no matter how small) was too time consuming that it interfered with the day to day rigors of the  actual practice of law (if you bill by the hour, you essentially have to account for 6-8 hours of billings per day one way or another). Some of the businesses were too small or labor intensive to justify a full time general manager to run them, so it essentially required the founder to devote a ton of their time to the business. After a few years, they looked to sell for a loss.

 

As for taking a stake in small, local companies, it will depend on the type of business you are looking to take a stake in. Talk to some of the local venture capitalists and Angel Investors to get their criteria to understand how they invest. There are a lot of small mom and pop companies out there which may have the desire to grow, but would not make sense for a silent partner because the value of your minority stake cant be transferred and often times is worthless without the founder/manager/etc. and the companies are not big enough or have the growth potential to organize them like a tech company (with Class A, B,C shares, preferred stock, convertible shares, etc). If you are investing in say a small painting company, small restaurant or convenience store, or even law firm; it is harder to work as a passive investor.  (in general service businesses are harder to work)

 

If you are going to invest in businesses with hard assets, it is something that works better as you have collateral there. Real estate is a perfect example of this and why it works so well. Businesses where you have a real estate as a primary collateral (a manufacturing business, self storage, hotel, Dry cleaner (with real estate)). This way, if you have the business go South because of poor management, you have some collateral to recover or attempt to instill new management to turn it around without the entire value deteriorating (see WeWork as example 1). I know a lot of people who act as private lenders to these types of businesses, which is often a better structure if you are looking to be passive, because you then have the interest in the collateral if it goes south and can then take over the asset if you need.

 

If you have ideas you may want to run by me, you are always welcome to reach out. Especially, if you are doing something real estate related, there are a ton of different methods you can use to grow a real estate portfolio or business portfolio with real estate collateral.

 

 

Awesome, thanks a lot @Brutus_buckeye. I think we want to focus our real estate holdings on commercial, non-retail properties (with limited residential as well) for that very reason. 

Edited October 3, 20195 yr by YABO713

9 minutes ago, YABO713 said:

 

Awesome, thanks a lot @Brutus_buckeye. I think we want to focus our real estate holdings on commercial, non-retail properties (with limited residential as well) for that very reason. 

 

Bigger Pockets is a good resource for that. You can learn about single family, apartment, storage, office, or whatever asset class you desire on there.

I do a lot of work in those areas especially with apartments so if you ever need to run questions, I am happy to consult with you. We started working with small apartment buildings 10 years ago as I was getting frustrated with my legal practice, and it has been a great thing for my wife and I.

31 minutes ago, YABO713 said:

 

Awesome, thanks a lot @Brutus_buckeye. I think we want to focus our real estate holdings on commercial, non-retail properties (with limited residential as well) for that very reason. 

 

Closest thing to mailbox money there is these days.

2 hours ago, GCrites80s said:

 

Closest thing to mailbox money there is these days.

If you are truly looking for mailbox money, go and buy a single tenant Starbucks or Panera location. Likely only a 5% return (unlevered) but the leases are NNN and you never have to do anything.

https://www.barrons.com/articles/6-chip-stocks-cheap-enough-to-buy-at-least-according-to-bofa-51576526378

 

Congress is set to pass the SECURE Act.  Read the link for how it may impact you and your family.

 

Some highlights:

-no age limit restrictions on IRA contributions

-required minimum withdrawals move up from age 70.5 to 72

-$10k of 529 plans can be used to pay off student debt

-$5k from 401(k) plans can be withdrawn without penalty to help with the costs related to child birth or adoption (though that money would be taxable)

-Eliminates the Stretch IRA -> for those who inherit a retirement savings plan, you can no longer stretch out the amount of time you had to draw down on the account over a lifetime.  The limit would be ten years, which may come with tax ramifications.

34 minutes ago, DarkandStormy said:

https://www.barrons.com/articles/6-chip-stocks-cheap-enough-to-buy-at-least-according-to-bofa-51576526378

 

Congress is set to pass the SECURE Act.  Read the link for how it may impact you and your family.

 

Some highlights:

-no age limit restrictions on IRA contributions

-required minimum withdrawals move up from age 70.5 to 72

-$10k of 529 plans can be used to pay off student debt

-$5k from 401(k) plans can be withdrawn without penalty to help with the costs related to child birth or adoption (though that money would be taxable)

-Eliminates the Stretch IRA -> for those who inherit a retirement savings plan, you can no longer stretch out the amount of time you had to draw down on the account over a lifetime.  The limit would be ten years, which may come with tax ramifications.

 

Wow the 529 payment for student loan debt is already in there?  

I'm trying to wrap my ahead around how you would do any kind of sensible planning to take advantage of being able to pay off student debt with a 529 balance.

 

Is the thought that if my son reached college age with $30,000 in his account, goes to a school that charges $40,000 for tuition over four years, he'd be better off withdrawing only $20,000, borrowing $20,000, and letting the 529 appreciate for four additional years, hopefully outpacing deferred interest on the student loan and then paying it off from a larger pile of capital gains four years later?  That's not something that I think many people will do.  I'd think that by the time the kids hit college, most parents will simply want to not play with debt at all, and if they've got a 529 that they've been sedulously building for 18 years, they're ready to start using it immediately for its intended purpose.

 

This whole wait-as-long-as-possible, appreciate-as-much-as-possible line of thinking isn't completely new to me, though, because my wife and I have made the decision not to touch our children's 529 accounts for private K-8 school, even if we send the kids to private primary school(s), because they won't have had enough time to compound capital gains.  I still don't think that that's necessarily how legislatures should assume that most people will think or act.

You ain't kidding, I was like "wait, what?" on the 529 provision. Like, how would you still have 529 monies after college if you took out loans? Why wouldn't you use those first? Or why are you being loaned excess student loan money if you have 529 money?

Quote

On the 529 savings plan front: “The big change here is that up to $10,000 of 529 plan money can be used to pay off student debt. The $10k is, unfortunately, a lifetime amount, and NOT an annual limit. But, an additional $10k can be used to pay off student debt for each of the 529 plan [beneficiaries'] siblings!” he explained.

 

There’s no double dipping, the CFP points out. This means that if 529 plan money is used to pay down student debt interest, the interest doesn’t qualify for an “above-the-line” deduction. Also, apprenticeship programs are being added to the list of institutions able to take 529 funds, if they are registered with the Labor Department.

 

Yeah, I don't get it either.

Hey, I did understand the "apprenticeship programs cannot be at Vandelay Industries" part

About a month ago I posted a suggestion that Moog Corp of Buffalo NY might be a takeover candidate for a company like the acquisitive TransDigm of Cleveland. At the time the stock was $80 a share.  This morning the Class A stock is up another $5 to 94 (it has since backed off a bit) all on low volume and no news.  TransDigm may not be the reason, but somebody knows something.  Of course it could just be an expectation of an earnings surprise; it's about time for one of those.

 

Yes, I bought a few shares when I first brought it up.

Good grief, the markets seem to be taking the Middle East tensions in stride.

 

Come on 29,000!!!

Perhaps, but perhaps also another way of framing it is that the positive effect of easing trade tensions with China is larger than the negative effect of what seems to be a very localized conflict in the Middle East so far.

 

The Middle East is sucking headlines because military conflicts obviously grab eyeballs more easily than trade negotiations.  But keep an eye on the China headlines.  Trump seems to be sort-of making nice when it earlier looked like we might take a harder line because of the crackdown in Hong Kong.

 

In terms of investing, though, the question is whether we've really set the stage for another long, solid run, or whether we're actually creeping into bubble territory at 29,000.  (Don't take my advice on this one, though, I thought we were in bubble territory around 27,000 and I sold some shares that I really wish I hadn't.)

1 minute ago, Gramarye said:

(Don't take my advice on this one, though, I thought we were in bubble territory around 27,000 and I sold some shares that I really wish I hadn't.)

 

What are your thoughts on TSLA? LOL

bUt GaS pRiCeS WeNt Up wHiCh DeStRoYs ThE eCoNoMy

1 hour ago, TBideon said:

Come on 29,000!!!

 

So you're selling at 29,000?  Then catch it on the dip?

Oh no, I'm not liquidating until my holdings go up another 150%-175% (as if that will ever happen).  But hey, up 45% last year - so who knows.

 

And then it's all being cashed out save for my Roth IRA and 401k/pension (of which I'll maintain contributions), then put into fixed income securities and real estate. 

 

At least that's the goal.

38 minutes ago, DarkandStormy said:

 

What are your thoughts on TSLA? LOL

 

I sold a lot of my position in the $350 range around a year ago.  It crashed to below $275 and I sold more.  It crashed to below $200 and I felt so smart for having gotten out on the front wave of momentum investors deserting the stock.

 

Yes, I'm an idiot.

 

Then again, considering the volatility there, maybe I'll be able to buy back in below $300 sometime this year.  Or it'll go to $600, split, go back to $600, split again, and I'll be cringing every time I think of when I sold out. ?

2 hours ago, TBideon said:

Oh no, I'm not liquidating until my holdings go up another 150%-175% (as if that will ever happen).  But hey, up 45% last year - so who knows.

 

And then it's all being cashed out save for my Roth IRA and 401k/pension (of which I'll maintain contributions), then put into fixed income securities and real estate. 

 

At least that's the goal.

 

I was joking.  There is a stat (and I can't remember what it is, exactly) that half of the S&P gains between 1950 and 2000 happened in 18 trading sessions, the point being that it's impossible to time the market repeatedly.  You might get it right a few times but the few times you get it wrong could cost you more than if you just held.  

 

 

 

 

You can't say anyone was "wrong" or "right" if you pick the right time frame.

16 minutes ago, jmecklenborg said:

 

I was joking.  There is a stat (and I can't remember what it is, exactly) that half of the S&P gains between 1950 and 2000 happened in 18 trading sessions, the point being that it's impossible to time the market repeatedly.  You might get it right a few times but the few times you get it wrong could cost you more than if you just held.  

 

In comic form - https://imgur.com/gallery/BlK4jzM