terapined
terapined
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December 21st, 2018 at 12:00:19 PM permalink
The one stock conservatives hate is booming
lol
Nike crushes earnings expectations, helped by strong online sales, shares surge
https://www.cnbc.com/2018/12/20/nike-earnings-q2-2019.html
billryan
billryan
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December 21st, 2018 at 12:04:42 PM permalink
Why do conservatives hate Nike? Did they stop using child labor or something?
The difference between fiction and reality is that fiction is supposed to make sense.
AcesAndEights
AcesAndEights
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December 21st, 2018 at 1:12:59 PM permalink
Quote: billryan

Until you mentioned them in this sentence, no one had brought up index funds.
The NY Mets were formed in 1962. An equally factual statement that also has nothing to do with the subject at hand.
Nor have I argued that there is anything wrong with buying and holding. Its what I've done my whole life.

Investing 50% of your portfolio in bonds and international is not the way to ensure a happy retirement. Bonds don't grow your portfiolio, they act as a hedge. Unless you are in your seventies, 30% in bonds is overkill. The link you posted recommends 10% bonds for younger investors.


Cool, we agree more than we disagree then. My apologies on misinterpreting your disagreement. When I see someone listing percentages and market sectors like that, I just assume they're using index funds to get the exposure they want. I assumed you had a problem with that part of it, which was silly.

I agree with you that 30% bonds is too heavy. But for someone who doesn't like volatility, it's defensible.

I also believe in international diversification, but it is contentious. Really a huge discussion that I don't care to have here. Personally I allocate 25% of my equity to international index funds. Some big names, Bogle, Buffet, have said they don't think it's necessary. But at the same time, every target date retirement fund or balanced stock/bond index fund at any brokerage (Fidelity, Vanguard, Schwab) will have a pretty big chunk in international. It hasn't been good for the last several years, but international stocks beat the pants off of the US for most of the 80s and 90s, and other long stretches of time.

My personal asset allocation (I'm 34 wife is 32) is 90% equities and 10% bonds. And within the 90% equities go 25% total international and 75% total US.
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
MrV
MrV
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December 21st, 2018 at 4:51:25 PM permalink
The only thing "booming" about the plummeting stock market today is the sound of gunshots as investors blow their brains out.
"What, me worry?"
100xOdds
100xOdds
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December 21st, 2018 at 5:03:01 PM permalink
what to buy next week during this fire sale?
or don't catch a falling knife?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
billryan
billryan
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December 21st, 2018 at 5:04:51 PM permalink
The only people who get hurt on a roller coaster are the ones who try to get off mid-ride.
The crazy thing is that even with this huge hit, I can't find any stock I'm in love with to buy. I'm glad I don't handle much of my money.
The difference between fiction and reality is that fiction is supposed to make sense.
100xOdds
100xOdds
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December 21st, 2018 at 9:40:47 PM permalink
Quote: billryan

The only people who get hurt on a roller coaster are the ones who try to get off mid-ride.
The crazy thing is that even with this huge hit, I can't find any stock I'm in love with to buy. I'm glad I don't handle much of my money.

what's a good stock fund to buy for a recession?
basic consumer goods fund?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
vegas
vegas
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December 22nd, 2018 at 6:28:54 AM permalink
AT&T stock is at a 8 year low. Plus it pays a 7% dividend. Great stock at that price. Just sit back and collect the nice dividend.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
billryan
billryan
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December 22nd, 2018 at 6:56:46 AM permalink
Quote: vegas

AT&T stock is at a 8 year low. Plus it pays a 7% dividend. Great stock at that price. Just sit back and collect the nice dividend.



This is a personal favorite of mine.,
.
The difference between fiction and reality is that fiction is supposed to make sense.
teliot
teliot
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December 22nd, 2018 at 7:42:32 AM permalink
Quote: 100xOdds

what's a good stock fund to buy for a recession?
basic consumer goods fund?

Utilities and entertainment sector funds.
Climate Casino: https://climatecasino.net/climate-casino/
Tanko
Tanko
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December 22nd, 2018 at 8:19:54 AM permalink
During the 1990-91 recession, Berkshire Hathaway (BRK-A) fell from a high of $8,675 to $5,860. It closed yesterday at $288,000, after reaching $319,000 in March.

If it falls to $5,860 again, I’m buying.

Amazon reached $2,050 in September, and closed at $1,377 yesterday. It has a one year target price of $2,136.
darkoz
darkoz
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December 22nd, 2018 at 9:04:52 AM permalink
Quote: teliot

Utilities and entertainment sector funds.



The funeral business never DIES down
For Whom the bus tolls; The bus tolls for thee
billryan
billryan
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December 22nd, 2018 at 9:14:03 AM permalink
Quote: darkoz

The funeral business never DIES down



Yet people cut way back on funerals during them.
The difference between fiction and reality is that fiction is supposed to make sense.
djatc
djatc
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December 23rd, 2018 at 2:04:19 AM permalink
Quote: darkoz

The funeral business never DIES down



Yeah until they can't kill enough people to meet quarterly estimates
"Man Babes" #AxelFabulous
SOOPOO
SOOPOO
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December 23rd, 2018 at 8:33:17 AM permalink
Quote: darkoz

The funeral business never DIES down



Funny you should say that. I'll say I've had around 5 stocks that I've bought that went bankrupt with me losing my entire amount invested. One of them was a funeral home company, called Loewen if I remember correctly. Enron, NTEK, comdisco are 3 others that come to mind.
100xOdds
100xOdds
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December 24th, 2018 at 4:56:19 PM permalink
Quote: teliot

Utilities and entertainment sector funds.

why are those 2 sectors immune in a recession?
and why not consumer staples?
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
billryan
billryan
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December 24th, 2018 at 5:08:17 PM permalink
I don't think any sector is recession proof but utilities are as close as it gets. Interesting times.
The difference between fiction and reality is that fiction is supposed to make sense.
lilredrooster
lilredrooster
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January 17th, 2019 at 4:00:13 AM permalink
John Bogle, founder or Vanguard and developer of the 𝐢𝐧𝐝𝐞𝐱𝐢𝐧𝐠 strategy just died.
He was a hero to me.
I've read all of his books.
His strategy was simple and logical.
I've done very well with it; it's not a strategy you hit home runs with.
that's okay. I'll hit my home runs at the racetrack
RIP guy. thanks for giving little guys like me a great chance to succeed in the market
https://www.nytimes.com/2019/01/16/obituaries/john-bogle-vanguard-dead.html?action=click&module=Top%20Stories&pgtype=Homepage
Please don't feed the trolls
billryan
billryan
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January 17th, 2019 at 5:28:15 AM permalink
Never was a Vanguard customer but he and his company did much to help the small investor. I remember when brokers charged $50 a transaction and mutual funds has $5,000 entry points.
Bogle was a pioneer in his field and helped millions gain entry into financial markets. Rest in peace.
Last edited by: billryan on Jan 17, 2019
The difference between fiction and reality is that fiction is supposed to make sense.
AcesAndEights
AcesAndEights
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January 17th, 2019 at 7:46:09 AM permalink
RIP Jack. Truly a visionary who changed an entire industry.

I do most of my investing at Vanguard whenever I can (over the past year I consolidated everything except my current 401(k) there). Love the company, the structure (investors own the funds), and the competition they have brought on. They aren't even the lowest cost anymore (Fidelity introduced 2 mutual funds last year with zero expense ratios), but I stick with them due to their long term commitment to low costs and customers.

Sadly, Vanguard's website kind of sucks. I wish they would get with the program in that respect. But I've learned to work with its idiosyncrasies, and it's nothing that prevents me from investing.

F
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
lilredrooster
lilredrooster
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January 17th, 2019 at 10:24:33 AM permalink
my favorite quote about the stock market which reflects why I went with Vanguard and indexing came for Burton Malkiel in the 1st edition of his classic book "A Random Walk Down Wall Street."

he said:


𝘢 𝘮𝘰𝘯𝘬𝘦𝘺 𝘵𝘩𝘳𝘰𝘸𝘪𝘯𝘨 𝘥𝘢𝘳𝘵𝘴 𝘢𝘵 𝘵𝘩𝘦 𝘴𝘵𝘰𝘤𝘬 𝘱𝘢𝘨𝘦𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘞𝘢𝘭𝘭 𝘚𝘵𝘳𝘦𝘦𝘵 𝘑𝘰𝘶𝘳𝘯𝘢𝘭 𝘸𝘪𝘭𝘭 𝘰𝘶𝘵𝘱𝘦𝘳𝘧𝘰𝘳𝘮 70% 𝘰𝘧 𝘞𝘢𝘭𝘭 𝘚𝘵𝘳𝘦𝘦𝘵'𝘴 𝘮𝘰𝘯𝘦𝘺 𝘮𝘢𝘯𝘢𝘨𝘦𝘳𝘴



he pissed off a lot of people with that one
Please don't feed the trolls
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