I'm out on my larger account and still in on the smaller one, but I'm going to move that one too. My reasons aren't black and white. It's a mix of thinking we're headed for another recession combined with the amount of money in there and also combined with what my future looks like as far as contributions are concerned. There's enough in there now that we could probably retire outside of the US and it's not something I want to risk. Kinda of like hitting that nice save point in a game, I don't want to undo everything I've worked for. I'll get back in later.
-
There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.
Stock Thread 2018
- Thread starter Dubbington
- Start date
JesasaurusRex
On a break
so u just take the tax and penalty hit?
No not fully out, just out of any plan. I assume all places have this, but Fidelity has a low interest option kind of like a bank account, but you can't touch it. It allows you be disconnected from the market without suffering any withdrawal penalties, then just push a button whenever you want and it's all back in.
Schnellbandit
I see 4 lights!
Staying in the long positions, buying the beat downs that offer good dividends, everything else, cash.
We're ripe for a major event not market related.
Edit update: ripe, not ready.
We're ripe for a major event not market related.
Edit update: ripe, not ready.
Last edited:
JesasaurusRex
On a break
that like a money market fund?
Yeah
JesasaurusRex
On a break
10-4
This is a little different, they call it an "FDIC-Insured Deposit Sweep". I don't think the Spaxx money market thing is FDIC insured, but the rate is better. The sweep is something close to zero percent, but is insured.
afm199
Well-known member
Ditto CitBank. Savings account 1.55%
afm199
Well-known member
As far as investing in the stock market, I think some folks are missing something. If you want guaranteed income, you buy US Treasury's.
The stock market is called "Risk" for a reason. You may earn a much higher rate of return, and you may not. Thus it's risk. If you invest in the stock market expecting an excellent return, you're doing it wrong.
The stock market is called "Risk" for a reason. You may earn a much higher rate of return, and you may not. Thus it's risk. If you invest in the stock market expecting an excellent return, you're doing it wrong.
Blankpage
alien
My random number generator tells me the market should be in the high teens to low twenties. Make a V bottom and then off to 27,000 in 2019.
afm199
Well-known member
I'm putting it all on the line now.
Following the slow and steady growth from the late 80's to early 90's, before the tech/housing bubbles, it looks like we should be at ~10k. Participating in mainstream markets today would be like participating in whatever the bitcoin equivalent was from 20-30 years ago. So, which is it? Because if it's all about slow and steady, then you're investing in something other than stocks.
SteelerFanatic
TEAM BARF-MW2
Blankpage
alien
Reli
Well-known member
Now extend that graph back 20 years into the 70's and see what happens
afm199
Well-known member
In the seventies, $5,000 was a significant sum of money. Today, it's just diddly squat.
Gotta watch out for charts that adjust scale because they think it reads better. The X is linear, but the Y is exponential. Find a chart with a linear X/Y and the end point on your line will change significantly.