Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Blazin
Creative Title
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Hasn't hit yet but trying to sell some puts on XLV . Trying to enter a few trades looking for a violent reversal of this pile into big tech trade. Even if it's just a day or two we could see a pretty aggressive counter trend day so looking at the most beat up names during this trend.
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ToeMissile
Pronouns: zie/zhem/zer
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Meant more along the lines of RGTI or IONQ. Or maybe more in the line of specialty suppliers.
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I think that it's that the Trump win is signaling certain things about him trying to fire up growth. But that is driving people to the "magical 7" stocks and away from traditional "value" stocks.
In my case my beloved "Grandma's ETF" (i.e. HDV) has, much like that chart, been taking it in the pants for a while. It's cyclical in nature, the question will be if you buy into value stocks when they bottom out but before we see a correction for the magnificent 7.
tugofpeace
Trakanon Raider
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Seeing what happened with PLTR and TSLA, feels like pandemic market all over again. If something major happens before Trump's inauguration, people gonna be taking up the ass no lube
On another note, what's an appropriate amount to DCA into an index like SPY if I have $150k available? I'm thinking of going really slow, like $3k/month because I don't want to put it all in at ATH and then drop 20-50% due to some unforeseen event.
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General Antony
Ahn'Qiraj Raider
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The index spends like 80% of the time near all time highs. Fucking 5 years to get invested are you kidding me.
Reattach your nutsack and put it all in.
Reattach your nutsack and put it all in.
hory
Bronze Baronet of the Realm
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I hate bank of america. I've had my account since college 2000. Anyway got suckered into Merral bc it was easy.
They don't allow bitcoin ETF trading. Say it's to risky. Fuck them. I've been buying on coinbase but need to use my retirement money on ETFs.
What platform do people here prefer? Is moving everything over a massive pain?
Thanks in advance.
They don't allow bitcoin ETF trading. Say it's to risky. Fuck them. I've been buying on coinbase but need to use my retirement money on ETFs.
What platform do people here prefer? Is moving everything over a massive pain?
Thanks in advance.
Hateyou
Not Great, Not Terrible
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Yep, zero problems with fidelity. At one point I rolled over a 401k from a previous job, called them and they basically did everything and walked me through what I needed to do. Probably the best customer service I’ve dealt with in the past 15 years.
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Sanrith Descartes
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+1 for Fidelity.
I'm sure its just a coincidence that a company wholly owned by the family and the employees (as opposed to a public corporation) has solid customer service.
I'm sure its just a coincidence that a company wholly owned by the family and the employees (as opposed to a public corporation) has solid customer service.
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Borzak
Bronze Baron of the Realm
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I use fidelity. A couple of years ago I had an issue and I called and it was after hours. I got a real live person that was not a foreigner, pretty sure they were in North or South Carolina from talking to them. They instantly ID'd the problem and boom fixed.
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Sanrith Descartes
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The only knock I have on Fidelity is how they compartmentalize their "Netbenefits" department from the rest of the company. Trying to get an old 401k in netbenefits moved out of netbenefits was AIDs.
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Sanrith Descartes
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Also a fidelity user. Both 401k that allows a brokerage (90%) and a stand alone brokerage account with them. Customer support is A+
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tugofpeace
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Blazin
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It's historically accurate, forward returns near a recent all time high are better than average, that is because they tend to be clustered. Markets that go a long period without a high is bearish not bullish.
Thats the facts, but it feels very wrong to us. Strength begets strength. Having said that I wouldn't dump money in the market today, and I'm historically likely to be wrong for saying that.
Thats the facts, but it feels very wrong to us. Strength begets strength. Having said that I wouldn't dump money in the market today, and I'm historically likely to be wrong for saying that.
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Cad
scientia potentia est
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Obviously got the benefit of hindsight but I bought a shit ton of VTI back in 2013-2015 at all time highs, just regularly buying $20k/month and look what has happened. I'm still holding those. You're right it's likely to be historically wrong to not buy, but also depends on mindset I think. If you're planning to hold it for a period of time, without exception the market has gone up over time, always. If you pick just the right year that might be a few years out, but it always goes up.
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