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Stonks


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2024 Jul 6, 4:05pm   2,172 views  100 comments

by Al_Sharpton_for_President   ➕follow (5)   💰tip   ignore  

Vanguard 500 Index Fund (VFINX)

One year return = 24.38%

If you invested $1 million in the average S&P 500 stock index fund, you'd be smoking fat cigars and doing $243,800 worth of hookers and coke.


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89   Misc   2024 Sep 16, 10:42pm  

While it is possible for an individual to "save" money, it is impossible for a society to do so.

At the society level, all investment/savings programs Ponzi.
90   AD   2024 Sep 16, 11:17pm  

Misc says

Just put in enough to get the match, and do it pre-tax, no Roth 401-k where you don't get the tax benefit. Best you can do with a 401-k type program and stay away from Index funds.


I agree about contributing to traditional 401K (pre-tax). When you retire and withdraw from it, you'll be in a lower tax bracket.

What do you mean stay away from index funds like Wilshire 5000 or S&P 500 ? ? ? ?

Where do you put the money ? If you work for the federal guvmint, the Thrift Savings Plan (i.e., 401K) only has index funds and government bond fund.

.
91   AD   2024 Sep 16, 11:21pm  

Misc says

While it is possible for an individual to "save" money, it is impossible for a society to do so.

At the society level, all investment/savings programs Ponzi.


Well I understand as us investors such as through government bond funds, depend on future society to be functional enough.

If not, then those bonds will never be paid back, but I guess we will have a lot bigger concerns such as society becoming like a Mad Max movie.

So when you invest like this, its an investment in hope for a better (or tolerable) future.

.
92   Misc   2024 Sep 16, 11:49pm  

AD says

Misc says


Just put in enough to get the match, and do it pre-tax, no Roth 401-k where you don't get the tax benefit. Best you can do with a 401-k type program and stay away from Index funds.


I agree about contributing to traditional 401K (pre-tax). When you retire and withdraw from it, you'll be in a lower tax bracket.

What do you mean stay away from index funds like Wilshire 5000 or S&P 500 ? ? ? ?

Where do you put the money ? If you work for the federal guvmint, the Thrift Savings Plan (i.e., 401K) only has index funds and government bond fund.

.


Lots of private companies have been sold on the Index fund route a, as well. By at least getting the match and going pre-tax, you lose less value over the long term. Mathematically, the vast majority of people must lose value on their investments. The idea is to lose as little as possible.
93   HeadSet   2024 Sep 17, 1:45pm  

Anyone here buying Tbills through Treasury Direct?
94   RWSGFY   2024 Sep 17, 3:04pm  

HeadSet says

Anyone here buying Tbills through Treasury Direct?


I used to but now the return pretty meh.
95   AD   2024 Sep 17, 5:23pm  

Misc says

Lots of private companies have been sold on the Index fund route a, as well. By at least getting the match and going pre-tax, you lose less value over the long term. Mathematically, the vast majority of people must lose value on their investments. The idea is to lose as little as possible.


I never lost money on my S&P 500 Fund as I've sold shares that I owned for at least 7 years

,
96   Misc   2024 Oct 7, 2:04pm  

Today's market can best be described as Insurance companies dash for cash. The property/casualty folks are about to be hit with what is probably a record dollar amount of claims. They gotta sell everything to meet that cash demand.

I wonder how many of these will make it.

https://www.alliance321.com/top-homeowners-insurance-companies-in-florida/
97   stereotomy   2024 Oct 11, 7:45am  

Misc says

Today's market can best be described as Insurance companies dash for cash. The property/casualty folks are about to be hit with what is probably a record dollar amount of claims. They gotta sell everything to meet that cash demand.

I wonder how many of these will make it.

https://www.alliance321.com/top-homeowners-insurance-companies-in-florida/

It's not only property, but the profits of life insurance companies suffering under the procrustean duress of a 6-sigma surge in excess mortality (and payouts) and rising interest rates.

(how did y'all like that $10 word?)
98   zzyzzx   2024 Oct 11, 8:02am  

HeadSet says

Anyone here buying Tbills through Treasury Direct?

No. I use my brokerage account.

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