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Stock Thread 2018

900ss said:
My wife and I visited a Fidelity office a few weeks back to discuss her 401k she has there. I asked the rep about Fidelity vs. Voya. His exact reply when I mentioned Voya was "You're getting hosed". :rolleyes This got me thinking about the fees I pay with Voya.
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Primerica is worse. They put my sister in a front-loaded Legg Mason fund that takes almost 6% out of every deposit she makes :wtf

That's on top of a 1.25% annual expense ratio
 
Reli said:
Primerica is worse. They put my sister in a front-loaded Legg Mason fund that takes almost 6% out of every deposit she makes :wtf

That's on top of a 1.25% annual expense ratio
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it is everyone's responsibility to learn a little about basic finance before parking your money anywhere. gotta learn how to avoid front-loaded funds and high annual expense ratios like the plague! annual expense ratios should be low like hundredths of 1%.
 
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AwakeNAlive said:
it is everyone's responsibility to learn a little about basic finance before parking your money anywhere. gotta learn how to avoid front-loaded funds and high annual expense ratios like the plague!
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Fortunately there are no front- or back-end fees, but the ERs are too high. The middleman between us and Voya gets a .1% cut; I don't know if they impose any other fees on the company. When I find out the total size of our plan I'm going to pay the rep at Fidelity another visit. I will find out then what fees other than the ER they charge.
 
I've never had a reason to look into alternatives to keeping retirement savings in my 401(k) at my current employer because a wide variety of funds are there for us to choose from ... can one just transfer your 401(k) balance to a low commission broker (like Vanguard or Fidelity) of your choice without penalty while staying with the current employer offering the 401(k) plan?
 
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AwakeNAlive said:
can one just transfer your 401(k) balance to a low commission broker (like Vanguard or Fidelity) of your choice without penalty while staying with the current employer offering the 401(k) plan?
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Highly unlikely. Most plans don't allow that. Which is unfortunate - many 401k plans have terrible fund choices and stifling fees.
 
AwakeNAlive said:
I've never had a reason to look into alternatives to keeping retirement savings in my 401(k) at my current employer because a wide variety of funds are there for us to choose from ... can one just transfer your 401(k) balance to a low commission broker (like Vanguard or Fidelity) of your choice without penalty while staying with the current employer offering the 401(k) plan?
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You can do that when you leave your employer, but it would be treated as a rollover, meaning IRA instead of 401k
 
Reli said:
You can do that when you leave your employer, but it would be treated as a rollover, meaning IRA instead of 401k
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that's what i thought.
so your sister has to stay with Primerica? no choice but to not put money into the 401(k) and put retirement savings into an IRA? but then she will lose out on the employers' matching funds ...
 
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Maybe we need a 401(k) or workplace retirement thread......
 
Been awhile since I’ve been in the market. Not sure my mind and stomach are ready.

Was up 12% in 2 weeks now down 10% from initial buy. Crazy, all in a 2 month period.
 
Stocks headed lower today. Down another 325 today. We are ripe for a sell off. This last years run up is about to reverse. This could be the worst week for stocks since sponge bob came into office. My prediction is more pain in the months to come.
 
panthera said:
Stocks headed lower today. Down another 325 today. We are ripe for a sell off. This last years run up is about to reverse. This could be the worst week for stocks since sponge bob came into office. My prediction is more pain in the months to come.
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Or, it might just be a good day to buy.

Has anyone gotten rich from timing the market? Buffet made his fortune by analyzing fundamentals, which is a lot of hard work.

I'll probably ride it all the way down. :laughing
 
rodr said:
Or, it might just be a good day to buy.

Has anyone gotten rich from timing the market? Buffet made his fortune by analyzing fundamentals, which is a lot of hard work.

I'll probably ride it all the way down. :laughing
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Yup. I closed one position yesterday, I have no intention of any more action other than a few buys at some point.
 
rodr said:
Has anyone gotten rich from timing the market? Buffet made his fortune by analyzing fundamentals, which is a lot of hard work
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Why do you assume I haven't analyzed the fundamentals (which is only a small part of TA)? I do my research and for the last 20 years I have done really well.
 
panthera said:
Why do you assume I haven't analyzed the fundamentals (which is only a small part of TA)? I do my research and for the last 20 years I have done really well.
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I wasn't talking about you, but:

https://www.investopedia.com/university/technical/

There are two primary methods used to analyze securities and make investment decisions: fundamental analysis and technical analysis. Fundamental analysis involves analyzing a company’s financial statements to determine the fair value of the business, while technical analysis assumes that a security’s price already reflects all publicly-available information and instead focuses on the statistical analysis of price movements.
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What do you do, and does "really well" mean better than, say, the S&P 500 index?
 
Dubbington said:
Been awhile since I’ve been in the market. Not sure my mind and stomach are ready.

Was up 12% in 2 weeks now down 10% from initial buy. Crazy, all in a 2 month period.
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A 5000 point runup in only 6 months would have been a indication to wait for a pullback.
I don't see why it couldn't go down a couple of thousand points before continuing with the upward climb.
 
rodr said:
Or, it might just be a good day to buy.
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It's a beautiful friday, the sun is out, and I'm staring out my office window looking at Mt Diablo. Oh, and it's payday, so looks like a great day to buy. :laughing

I just picked up some more XWEB and SCHD.
 
SteelerFanatic said:
It's a beautiful friday, the sun is out, and I'm staring out my office window looking at Mt Diablo. Oh, and it's payday, so looks like a great day to buy. :laughing

I just picked up some more XWEB and SCHD.
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Yes, I bought a bit more SCHD:thumbup
 
rodr said:
What do you do, and does "really well" mean better than, say, the S&P 500 index?
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I won't detail exactly what I do because I wouldn't be able to effectively over the internet. What I will say is that in 1998 I had nothing but the clothes I was wearing. Today I have a fantastic house in the hills that I owe 300k on (it's worth roughly 1.3 million, gold, silver, great career, wonderful wife, two boys, and a few hundred grand waiting to be reinvested when I see the opportunity. Small amount of equities that pay dividends. So I would say that I have out performed all of the indexes. There is actually more that I prefer to keep to myself but you get the gist. Oh and I'm just a construction worker.
Edit: I almost forgot my crypto holdings!
 
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