Probably. But historically the President’s party has lost control of at least 1 chamber during midterms all but 4 times since 1862. So we can go ahead and call it a “blue wave” or whatever but it was basically guaranteed to happen regardless.
I thought LSU would give them a run but they sure as hell didn’t. No one is gonna touch Bama. As much as I’d like Michigan to, they’ll get piledrived like everyone else.
I’m all for the power of the people and voting, but it’s sort of humorous that we as individuals are allowed to vote on issues as if we have the requisite knowledge to do so. Like voting for a president is basically saying you know enough to opine your voice by voting on: National security, human rights, taxes, debt, spending, science, foreign policy etc. Do any of us know enough about any of those to really cast a knowledgeable vote on any of those? Sure, maybe a couple that are in our field or we take heart to more than others, but like 99.999% of us in the country are too uneducated to be able to cast a vote on such large and sweeping policy generalizations about how we think estates should be taxed or how to regulate Wall Street. It’s not our job to know everything about everything, but it also sort of is 😉
Headed to the city for the weekend to watch some CFB at the bar and come home to LSU/Bama Saturday night. Headed back home Sunday and doing nothing but football and eating.
There’s more to financial advice than simply investment selection, chief. Do you know what a roth IRA is? Back door roth conversion? ILIT? LIRP? How much you’ll need for retirement in 40 years? How do you manage your capital losses in down years? Loan or own? Irrevocable trust? Living trust? Tax free bonds for tax free income if you’re wealthy enough? Short term savings? How to manage non-qualified money so you’re not paying tax on 100% of your proceeds in 40 years? Long term care? 529 plans for your kids? I think you get the picture bud. But you keep putting in that S&P 500 index and ignore international sm/md/lg. caps that are extremely undervalued right now 😉
P.s. The S&P 500 index is basically made up of like 20 companies that have any pull, not 500 since it’s market cap weighted, but I’m sure you already knew that.
P.p.s. I hope you’re smart enough to rebalance your portfolio before you retire because I’d hate for you to retire in 2009 after your amazing computer algorithm controlled hands off index funds just lost 40% and didn’t have the wherewithal to rebalance into undervalued securities!
There’s a lot to unpack here but I’ll keep it short: 1. You don’t get to just choose a timeframe that makes your fund look the best 2. WTF kind of timeframe is that? 3. If only we all had the wisdom you do to put in May 2010 and pull out May 2016 4. If you held only this fund since inception in 1992, through the market recessions in 2001 and 2008, it still hasn’t caught back up to the S&P 500 index if we’re going to play that game. Whereas a diversified portfolio of even 80/20 outpaced the S&P until about 2013.
But then again, who needs financial advisors when you can just do it yourself and not even keep up with the S&P?
2nd. Gonna be 12-18 months at least before we see a real downturn. We will see it within a couple years, but fundamentals are still strong and the yield curve has turned around a bit. We’re good for now. This volatility is all normal.
Advertise
Probably. But historically the President’s party has lost control of at least 1 chamber during midterms all but 4 times since 1862. So we can go ahead and call it a “blue wave” or whatever but it was basically guaranteed to happen regardless.
I thought LSU would give them a run but they sure as hell didn’t. No one is gonna touch Bama. As much as I’d like Michigan to, they’ll get piledrived like everyone else.
Exhibit A
I’m all for the power of the people and voting, but it’s sort of humorous that we as individuals are allowed to vote on issues as if we have the requisite knowledge to do so. Like voting for a president is basically saying you know enough to opine your voice by voting on: National security, human rights, taxes, debt, spending, science, foreign policy etc. Do any of us know enough about any of those to really cast a knowledgeable vote on any of those? Sure, maybe a couple that are in our field or we take heart to more than others, but like 99.999% of us in the country are too uneducated to be able to cast a vote on such large and sweeping policy generalizations about how we think estates should be taxed or how to regulate Wall Street. It’s not our job to know everything about everything, but it also sort of is 😉
Just my (unqualified) 2 cents.
Headed to the city for the weekend to watch some CFB at the bar and come home to LSU/Bama Saturday night. Headed back home Sunday and doing nothing but football and eating.
So, not much different than the last 8 weekends.
And they seem to be creamier and more moist than your average cup. This goes for trees and eggs.
I… I don’t even know what to say…..
To answer your question: No.
Another satisfied customer!
P.p.p.p.s. You owe me .15 hours for that advice 😉
There’s more to financial advice than simply investment selection, chief. Do you know what a roth IRA is? Back door roth conversion? ILIT? LIRP? How much you’ll need for retirement in 40 years? How do you manage your capital losses in down years? Loan or own? Irrevocable trust? Living trust? Tax free bonds for tax free income if you’re wealthy enough? Short term savings? How to manage non-qualified money so you’re not paying tax on 100% of your proceeds in 40 years? Long term care? 529 plans for your kids? I think you get the picture bud. But you keep putting in that S&P 500 index and ignore international sm/md/lg. caps that are extremely undervalued right now 😉
P.s. The S&P 500 index is basically made up of like 20 companies that have any pull, not 500 since it’s market cap weighted, but I’m sure you already knew that.
P.p.s. I hope you’re smart enough to rebalance your portfolio before you retire because I’d hate for you to retire in 2009 after your amazing computer algorithm controlled hands off index funds just lost 40% and didn’t have the wherewithal to rebalance into undervalued securities!
P.p.p.s. Fuck financial advisors.
Telling us that most of your money is in the S&P tells us all we need to know about your investing acumen.
Oh and also re: your commissions comment: I guess I’m not entitled to earn a living and put food on my table like you are 🙁
There’s a lot to unpack here but I’ll keep it short: 1. You don’t get to just choose a timeframe that makes your fund look the best 2. WTF kind of timeframe is that? 3. If only we all had the wisdom you do to put in May 2010 and pull out May 2016 4. If you held only this fund since inception in 1992, through the market recessions in 2001 and 2008, it still hasn’t caught back up to the S&P 500 index if we’re going to play that game. Whereas a diversified portfolio of even 80/20 outpaced the S&P until about 2013.
But then again, who needs financial advisors when you can just do it yourself and not even keep up with the S&P?
SLAY QUEEN! *high five*
*Eyeroll*
3X short VIX!!
DB not a BB
2nd. Gonna be 12-18 months at least before we see a real downturn. We will see it within a couple years, but fundamentals are still strong and the yield curve has turned around a bit. We’re good for now. This volatility is all normal.
Hey man, quit killing my vibe ok?