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Post by rusty on Apr 17, 2024 9:22:07 GMT -5
I just checked my accounts for the first time in about a week. Down about 8K over that time but up 2,600 today. Even with the latest drop, my accounts together are still up over 19% since Nov. Hard to beat that with CDs.
I have been keeping some dry powder in reserve and just had some big CDs come due that I've been looking to put somewhere. I will look around to see if there are any companies that I want to add shares to while it's down some and will add a little at a time if it continues to fall.
I found some local bank CDs paying just over 5% but it's only for 7 months. I will be buying some of them with the money I want keep save and easy to get to. I usually buy CDs 2-5K at a time instead of just buying a single large one. That way if I need some quick cash I can just close out one or two and leave the rest in to mature.
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Post by ridgecommander on Apr 17, 2024 9:29:50 GMT -5
My investments returned 9.67% for the first quarter of 2024.
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Post by Dutch on Apr 17, 2024 9:35:16 GMT -5
I just checked my accounts for the first time in about a week. Down about 8K over that time but up 2,600 today. Even with the latest drop, my accounts together are still up over 19% since Nov. Hard to beat that with CDs. I have been keeping some dry powder in reserve and just had some big CDs come due that I've been looking to put somewhere. I will look around to see if there are any companies that I want to add shares to while it's down some and will add a little at a time if it continues to fall. I found some local bank CDs paying just over 5% but it's only for 7 months. I will be buying some of them with the money I want keep save and easy to get to. I usually buy CDs 2-5K at a time instead of just buying a single large one. That way if I need some quick cash I can just close out one or two and leave the rest in to mature. Ladder your CDs, if you can. I keep my emergency money in a high yield Money Market, 4.25%, what little I lose, I gain in ready access
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Post by Dutch on Apr 17, 2024 9:39:21 GMT -5
At this stage in life, I like dividend paying stocks. I live off some of the dividends, collect SS,and work part-time. The rest of the dividends gets reinvested so in the future, I'll have even more income, to keep up with inflation.
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Post by rusty on Apr 17, 2024 9:47:11 GMT -5
About twenty percent of the stocks in my accounts are kept for the high dividends of 8-14%. They never grow much in value but they usually don't drop much either. The REITs are mostly up today.
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Post by rusty on Apr 17, 2024 10:41:49 GMT -5
So if someomne had 50 grand to invest for 10 years, what would some of you bright minded folks do with it? Have you done any research into ETFs and Index funds? If you want to dump the money in and forget about it for ten years that may be the way to go. There are many to choose from, but you don't have to research individual companies while the money rides the ups and downs and, hopefully, gives you a good average return over time.
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Post by ridgecommander on Apr 17, 2024 11:30:30 GMT -5
Have you done any research into ETFs and Index funds? If you want to dump the money in and forget about it for ten years that may be the way to go. There are many to choose from, but you don't have to research individual companies while the money rides the ups and downs and, hopefully, gives you a good average return over time. I have not. My main investment is the company 403b plan which I have invested aggressively. Average return has been about 8-10% over time.
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Post by rusty on Apr 17, 2024 11:47:47 GMT -5
I have a small(25 shares) position in QQQM that I bought in Jan. it has dropped the past few days but Im' still up over 6% since I bought it. It pays a small dividend, I am not recommending it one way or the other. I have been lucky in my investing, but it's pretty much dumb luck trying to buy decent companies, most with decent dividends. I don't trade much. More of a stick and stay and hope it pays kind of thing.
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Post by jwk on Apr 17, 2024 20:52:08 GMT -5
I am referring to the article in the link I posted. Either my wife is dipping in to my 401K or stocks are down. "Though the Dow ended its losing streak, the down period has zapped much of its year-to-date gain. That is a major reversal considering it approached 40,000 just weeks prior." Oh I see article covered market 6 days ago. S&P is up 6.5 percent as of TODAY an annualized 22 percent gain. This is more recent. Not that I am happy about it but it is what's happening. Wednesday's Top Reads
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Post by davet on Apr 18, 2024 4:33:52 GMT -5
Looking at any market returns over a short time period (less than a year) is telling you nothing. The Market is for the long term. Those short term ups and downs have always occurred and will continue to occur.
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Post by jwk on Apr 18, 2024 6:57:43 GMT -5
Looking at any market returns over a short time period (less than a year) is telling you nothing. The Market is for the long term. Those short term ups and downs have always occurred and will continue to occur. I think everyone gets that , but I always see posts on here when the market goes up. Why not show it when it goes down too?
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Post by davet on Apr 18, 2024 7:13:17 GMT -5
Looking at any market returns over a short time period (less than a year) is telling you nothing. The Market is for the long term. Those short term ups and downs have always occurred and will continue to occur. I think everyone gets that , but I always see posts on here when the market goes up. Why not show it when it goes down too? You can post if it goes sideways. Matters not to me.
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Post by Dutch on Apr 18, 2024 12:34:06 GMT -5
Looking at any market returns over a short time period (less than a year) is telling you nothing. The Market is for the long term. Those short term ups and downs have always occurred and will continue to occur. I think everyone gets that , but I always see posts on here when the market goes up. Why not show it when it goes down too? The market is worried that interest rates won't be cut. And I guess now they won't. I'll keep living off my dividends. 🙂
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Post by rusty on Apr 18, 2024 13:32:08 GMT -5
High unemployment rates would probably lower inflation and interest rates. Is it worth it? what class would suffer most?
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Post by Dutch on Apr 19, 2024 6:26:42 GMT -5
High unemployment rates would probably lower inflation and interest rates. Is it worth it? what class would suffer most? The government is borrowing money, then spending it, which is over stimulating the economy. Unless they wind down the stimulus, inflation will be a tough nut.
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Post by davet on Apr 19, 2024 6:30:30 GMT -5
Yes...our Reps keep using that "Big Master Card" in the sky!!
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Post by stroupy on Apr 19, 2024 11:52:48 GMT -5
Gas is nearing top dollar again. Likely recession coming if it doesn't drop down soon.
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Post by Dutch on Apr 19, 2024 11:54:11 GMT -5
Gas is nearing top dollar again. Likely recession coming if it doesn't drop down soon. So much gas is produced on this message board, there can't be a shortage. 😂
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Post by stroupy on Apr 19, 2024 11:57:50 GMT -5
Gas is nearing top dollar again. Likely recession coming if it doesn't drop down soon. So much gas is produced on this message board, there can't be a shortage. 😂 This is true. 😅
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Post by Dutch on Apr 19, 2024 11:58:27 GMT -5
So much gas is produced on this message board, there can't be a shortage. 😂 This is true. 😅 Would I lie? 😂😂😂
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Post by rusty on Apr 19, 2024 13:27:43 GMT -5
Gas is nearing top dollar again. Likely recession coming if it doesn't drop down soon. oil dropped $4.50 since last Friday. If it had gone up we'd see the price rise at the pump in a day or two. When it drops it seems to take a few weeks for gas to follow.
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