Here's some more advanced, slightly politically cynical advice.
If you're planning to just plop money into an index fund, hold your cash for now because you've missed the train.
Look at the SPX, DJIA and NASDAQ performance during the past 3 years and notice the pattern.
Every year, there's a "major" politically-driven economic scandal which tanks the market and then after a few months, things claw to a new all-time high. The (1) threat and (2) then follow-through of the Chinese tariffs with a little bit of chaos after the election of the Squad and their Green New Deal, then (3) COVID.
After we win, the Dems even as a minority party will cook something up and you'll get another chance to invest come mid-2021.
In the meantime, there's a ton of other stuff you can do with your money. This is the best time to finance a house purchase in perhaps a generation so try that.
Another bit of advice is. Do you have debt? Get rid of it. Interest is the eater of capital. That and taxes. A good way to 'feel rich' is to have everything paid for. It is not necessarily the best way to invest but it sure feels good!
Oh absolutely do not disagree one bit. The day I paid off my mortgage was a great day. +1800 a month. I wish I could find an investment that did that. Just remember interest even at low rates steals from your capital. Now if you can make that capital work for you then no biggie. But I am not that good at it. Capital loans make sense when you are basically reselling the debt to someone else. For example rental agreements investing into a business etc. But for a dingaling like me? Not so much. I max the 401k, invest into stocks I think will do good. Then re-eval every 3-6 months. Do not panic buy/sell. Slow and steady and you can get rich (note the 'can'). And for God sake start when you are young (like 10 years old if you can).
I was paying 2400 a month to get 200-300 back a month in taxes. I rather keep the other 2k, that is just me :) But really do what you think is right. Seriously, if it is working for you go for it. I am currently evaluating if I should borrow money to buy a second house. Sell the existing or combo it up with liquidating other assets. The math looks to be borrow right now. But that can change. So run the numbers and work it out.
I am not saying my way is the best. In fact I could if I wanted tell you what it cost me dollar wise. It just was so liberating. There are better methods out there! I just wanted to share my story of freedom from the banks.
Don't try to time the market. Thats how you lose. If you have extra cash you are comfortable forgetting about then go ahead and buy some stocks. If not, but you still want to invest then look into mutual funds or index funds.
Perfect timing can get you a bonus 20% still from "recovery stocks" like Hilton, Marriott, Darden Restaurants, Kohls, etc, but I would avoid the risk of potentially losing 50% in the short term. Roll with good reliable stuff like Visa, MasterCard, Pepsico, Lowes and Microsoft and enjoy the bright future with very little risk.
Good advice from Tappen.
If you’re just learning about the market start small.
The SPY (S&P), QQQ or VUG (NASDAQ) funds are good places to be..at least they have been for me.
Just a tip...watch Apple.
It will begin trading Monday 8-31, after a 4/1 split.
Could be a good time to get in at a lesser price.
Full disclosure, I own all of the above.
Good Luck to you
Don't try to do it yourself. Even seasoned day traders get burned. Get an account at Ameritrade or Merrill Lynch, and have them put you into some good growth pools. Read their analysis. Then dabble a little on the side with individual stocks. If you have to ask, you shouldn't be day trading. Making a killing on big events means being set up to do so in advance. Go for long term, stable growth.
If you want to experiment, go get a free account on Morningstar.com, and buy/trade fake orders. See how you did 6 month from now with your picks.
And whatever you do, stay away from futures.
Me, I was set up for long term. I got hit, but it wasn't that bad, and with some solid advice from my guy, we're back on track to real growth. I don't day trade, not liquid enough for that.
She is right, the market dipped when Biden announced Kamala. However during the DNC week, they saw she made no difference in or outside the ticket and the market has climbed steadily
I seriously dont think they even are trying to win,
Hard as it was for me to accept, I now believe you're right. The commiecrats know they haven't got a chance, so they're just running a "placeholder" ticket to keep the extreme left stirred up while the DNC goes through the motions of campaigning.
Correct. Their focus is on destabilization now. Undermine the process, cast doubt on the outcome, paralyze opposition through chaos. And if we let them succeed, they win the real war.
They're burning Harris to keep scrutiny away from potential candidates for 2024. I fully believe they've abandoned hope for the White House, and I'm more concerned with shenanigans and outright fraud for the House and Senate.
They NEED Schumer and Pelosi there for another 4 years. They know Trump is coming after them November 5th.
My belief is, if they can keep the Senate, and get control of the House again, rats will start going to jail.
Dude. They wasted millions and years of time over "Muh Russia", with Pelosi and Schumer in place, if he went after them we'd be watching another impeachment trial. You can't just go in guns blazing. Pelosi has ENORMOUS power, the only way you can go after her is to take the keys to the joint and defang her.
What do you think they would've done if he started locking up his political rivals (deserving or not) after he go inaugurated? They would've kicked him out easily.
I'm not sure. The outcome of the impeachment was decided on partisan lines, and while some RINO could have flipped I doubt they could have gotten 17 of them.
Besides, Trump would simply direct the DOJ so they wouldn't have any excuse to impeach to begin with.
It essentially drops every time the Democrats have a big announcement. The Russia investigation and every “bombshell” leak that came from it. Announcing that impeachment was happening. The first few “tell-all” books that were supposed to bring Trump down. The fine people hoax. Every time people the media says that Trump might be finished, it the market goes down for a few days. Once you see it, it’s impossible to unsee
It’s no secret the dems needed the markets down to even have a chance. The market was roaring before Covid and they want you to forget all about that.
The problem is the dems aren’t in control and their strategy of trying to kill the American economy to get a Democrat president is being seen by Americans for what it is....a disgusting power grab.
The market will continue with gains while our president is at the wheel. God help us if the dems steal their way back into the White House.
The market was roaring, but we were due for a correction, and a recession, it was burning too hot. It's been doom and gloom for years that a big hit was coming - well, it happened, but for different reasons.
Also, don't equate the markets with the economy. It's two different things - they're connected, but the economy is still not in good shape, GDP is down significantly and it's going to be a while - until the covid madness ceases - to see real growth there. We also have a significant number of people living off unemployment, and expect to for the foreseeable future, and that's a significant issue. The economy is holding, for now. But we're not out of the woods yet, and we need adults in charge to steer us out of the damage already done. Team Biden has no fucking clue in this regard, and their stated policies - the few they managed to put out, are a direct attack on the economy.
I mean, you're not wrong. Any other President would have taken a metric ton of shit, but Trump played it perfectly.
Recessions suck, and we were due. And, as I'm older, I know recessions are short-ish, and usually over in 12-16 months. Covid acted as ripping off the bandaid, and now it's gains all the way up from here. As long as Trump wins (and it's looking pretty much a done deal)(thank whatever god you favor), the markets should be good to go for another decade, until the next recession.
Now, the economy? We have a lot of work left to do there. Again, Trump needs to win.
I told a friend about the election polls vs stock market levels: "I'll believe a group of greedy stock traders who's profits rely on them being right versus some pollster who's going to have a job even if he's 100% wrong"
My beloved Pedes, I love hearing good news about the reelection of President Trump. But please don't get complacent. We must fight to the end. Keep posting the truth. Keep passing out the red pills. Keep firing the meme cannons.
The victory celebration starts when all have conceded defeat and we control the White House, Congress and the Courts. When the ugly head of socialism has been severed from the body politic.
Remember folks, investment companies do not trust polling conducted by fake news or Marxist dominated academia, they pay a lot do their own independent research on everything including polling.
The stock market is the best signal of Trump winning. The few times Trump ran into issues with his re-election chances (i.e. the impeachment fiasco) the market took a nosedive. When they felt confident in him, it skyrockets.
Well it's skyrocketing now. Guess what, motherfuckers?
expect the fake polls to intensify, The media to go full out the last 2 months, no reporting just yelling, crying, most biased ridiculous shit imaginable. I simply refuse to believe in this reality that a majority of the electorate want these BLM terrorist riots to continue with a senile old man and a blowjob artist in the white house.
I have never prayed as much as I am now, we need him for 4 more years or we are fucked.
Yep. I am all in stocks. Up 50K just in July.
Is it too late to get in there? or did i miss the train
Here's some more advanced, slightly politically cynical advice.
If you're planning to just plop money into an index fund, hold your cash for now because you've missed the train.
Look at the SPX, DJIA and NASDAQ performance during the past 3 years and notice the pattern.
Every year, there's a "major" politically-driven economic scandal which tanks the market and then after a few months, things claw to a new all-time high. The (1) threat and (2) then follow-through of the Chinese tariffs with a little bit of chaos after the election of the Squad and their Green New Deal, then (3) COVID.
After we win, the Dems even as a minority party will cook something up and you'll get another chance to invest come mid-2021.
In the meantime, there's a ton of other stuff you can do with your money. This is the best time to finance a house purchase in perhaps a generation so try that.
Another bit of advice is. Do you have debt? Get rid of it. Interest is the eater of capital. That and taxes. A good way to 'feel rich' is to have everything paid for. It is not necessarily the best way to invest but it sure feels good!
Oh absolutely do not disagree one bit. The day I paid off my mortgage was a great day. +1800 a month. I wish I could find an investment that did that. Just remember interest even at low rates steals from your capital. Now if you can make that capital work for you then no biggie. But I am not that good at it. Capital loans make sense when you are basically reselling the debt to someone else. For example rental agreements investing into a business etc. But for a dingaling like me? Not so much. I max the 401k, invest into stocks I think will do good. Then re-eval every 3-6 months. Do not panic buy/sell. Slow and steady and you can get rich (note the 'can'). And for God sake start when you are young (like 10 years old if you can).
I was paying 2400 a month to get 200-300 back a month in taxes. I rather keep the other 2k, that is just me :) But really do what you think is right. Seriously, if it is working for you go for it. I am currently evaluating if I should borrow money to buy a second house. Sell the existing or combo it up with liquidating other assets. The math looks to be borrow right now. But that can change. So run the numbers and work it out.
I am not saying my way is the best. In fact I could if I wanted tell you what it cost me dollar wise. It just was so liberating. There are better methods out there! I just wanted to share my story of freedom from the banks.
Don't try to time the market. Thats how you lose. If you have extra cash you are comfortable forgetting about then go ahead and buy some stocks. If not, but you still want to invest then look into mutual funds or index funds.
Perfect timing can get you a bonus 20% still from "recovery stocks" like Hilton, Marriott, Darden Restaurants, Kohls, etc, but I would avoid the risk of potentially losing 50% in the short term. Roll with good reliable stuff like Visa, MasterCard, Pepsico, Lowes and Microsoft and enjoy the bright future with very little risk.
Good advice from Tappen. If you’re just learning about the market start small. The SPY (S&P), QQQ or VUG (NASDAQ) funds are good places to be..at least they have been for me. Just a tip...watch Apple. It will begin trading Monday 8-31, after a 4/1 split. Could be a good time to get in at a lesser price.
Full disclosure, I own all of the above. Good Luck to you
It has and will hopefully continue. Most everyone I know has an Apple of some sort.
FTEC and ARK-invest funds are also interesting for growth.
Don't try to do it yourself. Even seasoned day traders get burned. Get an account at Ameritrade or Merrill Lynch, and have them put you into some good growth pools. Read their analysis. Then dabble a little on the side with individual stocks. If you have to ask, you shouldn't be day trading. Making a killing on big events means being set up to do so in advance. Go for long term, stable growth.
If you want to experiment, go get a free account on Morningstar.com, and buy/trade fake orders. See how you did 6 month from now with your picks.
And whatever you do, stay away from futures.
Me, I was set up for long term. I got hit, but it wasn't that bad, and with some solid advice from my guy, we're back on track to real growth. I don't day trade, not liquid enough for that.
Stop! My wallet can only take so much winning! Now I Need a bigger wallet!
MeToo If the DemonRats win, we and the rest of the Western world are done.
Not just the white house guys... House and Senate too.
If we lose House and Senate, WH alone won't stop the chaos. He needs the backup in House and Senate.
It has to be a blowout. No room for cheating. We have to show up in force.
We'll have a full blown impeachment in a month if they win the house and the senate. We'll be in a Civil war literally.
The western world is praying for us. We have to set the example straight. We will not bend the knee to socialism and radical Left wing identitarianism
The Western world wishes it could vote for Trump
Pray for God's will to be done - that is all you need. Have faith.
Let's hope she's right
She is right, the market dipped when Biden announced Kamala. However during the DNC week, they saw she made no difference in or outside the ticket and the market has climbed steadily
Yep, Kamala can't bring anything to it's knees.
She had been exposed as an opportunist. I can't believe the Biden team went with her. She didn't even poll well in California lol
Hard as it was for me to accept, I now believe you're right. The commiecrats know they haven't got a chance, so they're just running a "placeholder" ticket to keep the extreme left stirred up while the DNC goes through the motions of campaigning.
Correct. Their focus is on destabilization now. Undermine the process, cast doubt on the outcome, paralyze opposition through chaos. And if we let them succeed, they win the real war.
I agree, they want the chaos because the media covers for them
They're burning Harris to keep scrutiny away from potential candidates for 2024. I fully believe they've abandoned hope for the White House, and I'm more concerned with shenanigans and outright fraud for the House and Senate.
They NEED Schumer and Pelosi there for another 4 years. They know Trump is coming after them November 5th.
My belief is, if they can keep the Senate, and get control of the House again, rats will start going to jail.
November 3rd buddy. November 5th is when the Biden voters are supposed to vote.
Why doesn't Trump go after them now?
Dude. They wasted millions and years of time over "Muh Russia", with Pelosi and Schumer in place, if he went after them we'd be watching another impeachment trial. You can't just go in guns blazing. Pelosi has ENORMOUS power, the only way you can go after her is to take the keys to the joint and defang her.
I'm not sure. The outcome of the impeachment was decided on partisan lines, and while some RINO could have flipped I doubt they could have gotten 17 of them.
Besides, Trump would simply direct the DOJ so they wouldn't have any excuse to impeach to begin with.
other than herself
VASTLY underrated!
It essentially drops every time the Democrats have a big announcement. The Russia investigation and every “bombshell” leak that came from it. Announcing that impeachment was happening. The first few “tell-all” books that were supposed to bring Trump down. The fine people hoax. Every time people the media says that Trump might be finished, it the market goes down for a few days. Once you see it, it’s impossible to unsee
Don't be complacent, get out and VOTE in November.
Exactly
It’s no secret the dems needed the markets down to even have a chance. The market was roaring before Covid and they want you to forget all about that.
The problem is the dems aren’t in control and their strategy of trying to kill the American economy to get a Democrat president is being seen by Americans for what it is....a disgusting power grab.
The market will continue with gains while our president is at the wheel. God help us if the dems steal their way back into the White House.
And with China dealing with what is looking to be massive crop failures, the farmers are going to get a nice boost.
The market was roaring, but we were due for a correction, and a recession, it was burning too hot. It's been doom and gloom for years that a big hit was coming - well, it happened, but for different reasons.
Also, don't equate the markets with the economy. It's two different things - they're connected, but the economy is still not in good shape, GDP is down significantly and it's going to be a while - until the covid madness ceases - to see real growth there. We also have a significant number of people living off unemployment, and expect to for the foreseeable future, and that's a significant issue. The economy is holding, for now. But we're not out of the woods yet, and we need adults in charge to steer us out of the damage already done. Team Biden has no fucking clue in this regard, and their stated policies - the few they managed to put out, are a direct attack on the economy.
I mean, you're not wrong. Any other President would have taken a metric ton of shit, but Trump played it perfectly. Recessions suck, and we were due. And, as I'm older, I know recessions are short-ish, and usually over in 12-16 months. Covid acted as ripping off the bandaid, and now it's gains all the way up from here. As long as Trump wins (and it's looking pretty much a done deal)(thank whatever god you favor), the markets should be good to go for another decade, until the next recession.
Now, the economy? We have a lot of work left to do there. Again, Trump needs to win.
All your posts on this thread sound like they are coming straight out of /r/personalfinance: probably the gayest sfw subreddit of all time
You're not worth a possible infraction, 4channer. You should go back there.
Hell yeah
Don't forget one thing - the public vote isn't what elects him. The Electoral College is.
Lol. 2 weeks ago they were all saying that. No more mention of polls now that it says President Trump is even🤷♂️🤡🤡
Which actually means he's way, way ahead.
I told a friend about the election polls vs stock market levels: "I'll believe a group of greedy stock traders who's profits rely on them being right versus some pollster who's going to have a job even if he's 100% wrong"
Rootin tootin, shark ridin shootin!
FOUR MORE YEARS!
Complete with PFD because safety never takes a holiday.
The best news anchor on any national network, for many years.
She's so hot. Even with that meatball milf bod.
She can get it
And I would give it... along with millions of other desperate horny dudes...
Lol. With how much she works I'd be impressed if they have time for that...
Joey Ramone agrees.
https://www.youtube.com/watch?v=vbJxMd3Pls8
Is that the lady in the red dress with the huge cans in the legendary Al Smith Dinner roast video?
She’s the 50 yr old whose still hot as fuck with those pouty lips and eyes that say I’ve been real bad all night but I got shit to get done
Lol
At first I thought you were talking about the lady running in baltimore.
My beloved Pedes, I love hearing good news about the reelection of President Trump. But please don't get complacent. We must fight to the end. Keep posting the truth. Keep passing out the red pills. Keep firing the meme cannons.
The victory celebration starts when all have conceded defeat and we control the White House, Congress and the Courts. When the ugly head of socialism has been severed from the body politic.
Based Money Honey.
Seriously. She was looking FINE at “The Red Dinner”
oh yeah, remember those big luscious cans yearning to breathe free
For real. That dress she was wearing was struggling at time
Release them from the hell of that padded cell, let them breathe the air they once knew so well.
Yup. Looking pretty fine for 52.
Best moment at the Al Smith Dinner in 2016
Maria looking all dreamy at Big Daddy Trump, and the wide-eyed reaction guy on the opposite side of Trump. LMAO
Eyes bugging out. Very disrespectful.
I am jealous, but also feel bad for her husband.
. . . and Mittens Romney will just be remembered as the 2012 Gen Election loser. 😂
This picture is fake. Donald Trump would never need to wear a life jacket.
ONLY IF YOU VOTE
It’s true
Remember folks, investment companies do not trust polling conducted by fake news or Marxist dominated academia, they pay a lot do their own independent research on everything including polling.
DEUS VULT
Nice picture.
Donald Shark do do da do do da do do Donald Shark do do da do do da do do.
Love that money honey
I see what you're implying.....
We can't get caught divided. We can't be satisfied with the presidency.
The only way to win is to make the whole damn thing red. The House. The Senate. The Courts. All the sandwich shops in DC. Everything.
... but only if everyone VOTES! Don't ever think we've got it in the bag! VOTE VOTE VOTE!!
Please don't get complacent, especially with the push for mail-in voting.
Reloads! Get the man RELOADS!
She's Mila Kunis, except with class and a few extra years. Love me some Maria B.
It ain’t over til the fat lady sings. Dems have cornered market on fat ladies. Stay alert Pedes.
more like the wussies should get their strap-ons
I'm saving this pic as my phone lock screen.
I hope so.
The image is awesome...two magnificent BEAST!
This is an amazing drawing. My favorite part is that his cowboy hat fell off, and he had a MAGA hat underneath. Also, 4 MORE YEARS!
I don't know if this is my favorite graphic, or if it is Trump on the tank.
Lets get him the House and keep the Senate. I dont want more impeachment BS.
Wtf does he need the life-vest for?
to float in the blood of the commies he’s fucking up
Why can't I upvote multiple times? We should have mail in upvotes, so I can upvote for those unable to.
Praying every day.
So when democrats fuck up the stock market goes up? Imagine that.
Market is up because of the AstraZeneca and plasma news.
The stock market is the best signal of Trump winning. The few times Trump ran into issues with his re-election chances (i.e. the impeachment fiasco) the market took a nosedive. When they felt confident in him, it skyrockets.
Well it's skyrocketing now. Guess what, motherfuckers?
The problem is that the Democrats are taking every measure to steal this election. What are we going to do to them when that happens?
Trump will be re-elected .The real problem is Congress.
If reps win congress lots of traitors will need to unmask themselves.
God just the site of POTUS riding a shark cheers me up. I love this place so frickin much.
It was my screensaver on my phone forever
Trumpnado?
Cheating overcomes the reality that Trump SHOULD win. Be vigilant.
Was the MAGA hat underneath the cowboy hat that flew off in the picture?
2 hats, 2 genders, 2 scoops, 2 terms!
I park my savings in a tech focused vanguard mutual fund. Since Nov 2016, my vanguard account has gained $1.2M:)
The ground is slipping!
expect the fake polls to intensify, The media to go full out the last 2 months, no reporting just yelling, crying, most biased ridiculous shit imaginable. I simply refuse to believe in this reality that a majority of the electorate want these BLM terrorist riots to continue with a senile old man and a blowjob artist in the white house.