patrick.net

Assholes. No wonder we have such a huge trade deficit with China.
Maybe we have just gone from the inefficient days where we kept a large inventory of unspent dollars to a new model of on demand money production.

THE AMERICAN WAY!

BORROW MORE THAN YOU EARN TO BUY SHIT YOU MAINLY DON'T NEED AND WON'T MAKE YOU ANY HAPPIER!!!

'MURICA!!!

#DebtBubble

Hmmm I have NEVER used Uber Eats or any other service of the same ilk.

Is this a fact or could this even be somewhat close to fact?

The link went to a 404 page.

Question: what is the age range of this poll?

GNL says

The link went to a 404 page.

Question: what is the age range of this poll?

It's a 9 yo necro-thread.

I hate to say it but this is pretty spot on.

I'd even say that one can make it a safer portfolio, with income buffering for cap gains/losses, since the average person goes only for the S&P500 which is now a 40% tech ticker symbol thanks to the Mag 7 mania.

Here's my dumb and simple for the masses portfolio ...

Energy (VDE) 15%
Tech (QQQ) 15% - tech is capped
Emerging Markets (VWO) 15%
US REITs (USRT) 15%
Small Cap/Russ 2K (IWM) 15%
Dow Jones (DIA) 15% - the Dow is mainly composed of 30 Blue Chips with much less tech exposure than the S&P500

Precious Metals:

Gold (GLD) 4%
Silver (SLV) 3%
Platinum(PPLT) 3%

Welcome back rin.

How are 3somes going.

Rin says

the average person goes only for the S&P500 which is now a 40% tech ticker symbol thanks to the Mag 7 mania

I think this is true.

Maybe there should be some S&P(500 - 7) index.

Or call it S&P493

Why avoid those 7 companies?

Anyway, you can buy Vanguard Extended Market Index Fund in addition to the S&P 500 if you desire.

The essence of investing is mutual funds; it's fun to buy other things but not necessary.

I've prospered from those 69% who save no money; they obviously spend all of their money on shit like iPhones, so my shares of AAPL kicked ass.

RWSGFY says

GNL says

The link went to a 404 page.

Question: what is the age range of this poll?

It's a 9 yo necro-thread.

Ha, I missed that.

The cost basis for Microstrategy's BTC is around $75,000 per Bitcoin. Microstrategy is down about 70% from its recent all time high.

Anyone but the dip today?

HeadSet says

Anyone but the dip today?

I don’t day trade. Too stressful and not profitable. I can’t handle that. Was lucky to be 50/50 right about dips.

Hooold! Hooold! NOW!

69 percent of Americans have less than $1,000 in savings

I'd like to see that broken down by race and sex.

zzyzzx says

69 percent of Americans have less than $1,000 in savings

I'd like to see that broken down by race and sex.

And age.

FortWayneHatesRealtors says

I don’t day trade. Too stressful and not profitable.

Same here.

Apple is up about 2% today, in case anyone cares.

Has anyone invested in VTSAX?

How about swing trading? Johnny Bravo has a great u tube channel about it. Entertaining guy.

Oh, and it works too.

That's basically all I do these days and otherwise stay out of the markets, for the reasons @fortwaynehatesrealtors stated.

Well mostly. Some equities and crypto. But mostly I'm in and out like a thief!

It's probably time for me to setup a mutual fund(s) and annuities.

But then I'd just feel old.

Gabbar, I own VTSAX.
This is one of my first stock mutual funds which I bought in 1993.
Later I sold a little bit of it and bought Vanguard Primecap. That fund was pretty great for a while.

Rin says

I hate to say it but this is pretty spot on.

I'd even say that one can make it a safer portfolio, with income buffering for cap gains/losses, since the average person goes only for the S&P500 which is now a 40% tech ticker symbol thanks to the Mag 7 mania.

Here's my dumb and simple for the masses portfolio ...

Energy (VDE) 15%
Tech (QQQ) 15% - tech is capped
Emerging Markets (VWO) 15%
US REITs (USRT) 15%
Small Cap/Russ 2K (IWM) 15%
Dow Jones (DIA) 15% - the Dow is mainly composed of 30 Blue Chips with much less tech exposure than the S&P500

Precious Metals:

Gold (GLD) 4%
Silver (SLV) 3%
Platinum(PPLT) 3%

what about Bitcoin ?

I figure 7% in Bitcoin ETF, 4% gold ETF, 4% silver ETF and 7% in oil / gas ETF

the rest in a balanced fund like Vanguard Lifestrategy Moderate Growth Fund