old man told me once, the stock market is like this. it's going up and down the whole time it's going up.
let it do it's thing.
let it do it's thing.
You started at $2000 and only made $32000 in 100 years?
No wonder you haven’t retired yet!
lifetime chart
three - retirement is for those with jobs they don't like
I already do that at 35!Retirement is for aimlessly drifting through the day without anyone telling you what you need to do.
Your post said it was your lifetime chart.
All I can say is you got to take both ups and downs to keep makin money
I got a guy…… he helps me watch it in hopes I will use his services when I retire…. So far he is kickin ass!
You got lucky.
Most investment pros can't beat the stock market, so why do everyday investors think they can win?
Most investment pros can't beat the stock market, so why do everyday investors think they can win?
Over a 15-year period, nearly 90% of actively managed investment funds failed to beat the market. Passive investing is a better option for most of us.www.businessinsider.com
The Dirty Little Secret Investment Advisors Don't Want You To Know
The Dirty Little Secret Investment Advisors Don't Want You To Know
The days of paying an investment advisor 1% are numbered. This seemingly small fee will cost a fortune over a lifetime of investing. The better approach is a low-cost, index fund portfolio that is easy to construct and manage.www.forbes.com
There are plenty of similar article. Basically, data shows more than 90% of advisors fails to beat the S&P Index.
Not if you're married.Retirement is for aimlessly drifting through the day without anyone telling you what you need to do.
About 1 billion years is all we have left. In about 5 billion it will be a red giant.Just let me know when. I’m gonna go flounder fishing and keep them all the month before.
Not if you're married.
That is a seriously bad plan (the second part). LOL!Grow a pair and don't listen to her.
That is a seriously bad plan (the second part). LOL!
You got lucky.
Most investment pros can't beat the stock market, so why do everyday investors think they can win?
Most investment pros can't beat the stock market, so why do everyday investors think they can win?
Over a 15-year period, nearly 90% of actively managed investment funds failed to beat the market. Passive investing is a better option for most of us.www.businessinsider.com
The Dirty Little Secret Investment Advisors Don't Want You To Know
The Dirty Little Secret Investment Advisors Don't Want You To Know
The days of paying an investment advisor 1% are numbered. This seemingly small fee will cost a fortune over a lifetime of investing. The better approach is a low-cost, index fund portfolio that is easy to construct and manage.www.forbes.com
There are plenty of similar articles. Basically, data shows more than 90% of advisors fail to beat the S&P 500 Index.
Found this article from one of the largest DIY broker dealers out there. Odd they would put that article out there considering most of their clients are DIY.
Yes I understand everything you posted, it’s pretty simple. All I posted was a link to an article and yes I believe most of vanguards clients are DIY. Even 401k accounts thru vanguard, participants don’t regularly use the advisor of record.Are you sure most of their clients are DIY? Vanguard has advisor services and advertise them regularly to their clients. I know because I have a Vanguard account. Also they are used by a lot of employers for their retirement accounts. At one time, my wife's 401k account was run by Vanguard and they also pushed their value-added advisor services.
Reading that article, 1.5% of their 3% estimate is due to behavior coaching. They give an example how staying in the stock market versus going to bonds or cash in 2009 when the stock market tanked. Sure, go with an advisor if you can't stay the course and are tempted to jump out of the stock market every time it burps.
I only listed two of many articles that say advisors don't beat the S&P 500 index. Even if the advisor beats it one year, there is a very good chance he won't the next year. That article from Vanguard doesn't put a value on the advisor beating the market. Some of the pluses for the advisor comes from putting money into low cost funds which I do, determining how to use tax versus tax-deferred accounts which I do, and rebalancing accounts which I do with one press of a button.
Putting $1 million in VOO costs $300 per year in expenses. Using an advisor that changes 1% of assets (common fee) costs $10,000 plus whatever the expense ratio of the stocks, ETF, mutual funds he uses. If he uses the same S&P 500 ETF, that's another $300 per year in expenses.
There are a number of studies on the safe withdrawal rate (SWR) from your investments in retirement. Most of them determined looking at past stock market performance for each 30 year period to be a 4% SWR. A $1,000,000 portfolio will initially provide $40,000 per year for retirement (that amount is adjusted annually for inflation). If you employ an advisor that skims 1% of your assets for his fee, you have to learn to live on $30,000. The advisor is taking 25% of your annual retirement money for his fee. I would prefer my index fund to take 0.03% instead.
Financial advisors are good for panicky people or for people who don't want to put any time into managing their own assets.
This year I have started using a Schwab robo advisor and comparing it to some other things. I have been extremely impressed. You can make it as risky or conservative as you like. They rebalance as needed to meet your goals. It is free to use. I have some guys I know with tons of money who are using it. If they trust it with their money I decided to take a look.
I was hoping that would happen under Trump. Wouldnt have won him votes, but would have created some stability. Rather that, we are at the TOP of the roller coaster imho!!! wWWHHHEEEEEE!!! LOOK MA NO HANDS!!!! WEEEE!!!!Eventually the Fed will be forced to finally raise interest rates. When that happens...buy bonds...welcome to the 70s all over again.
Well, under this one, you'd better be invested in something and not just holding cash.Just goes to show that the stock market can ignore the worst of Presidents.
I hold my breath everyday when market is green...I watch it too much I know and my financial planner says to check it once a month.....
I'm just glad I guess its fairly stable for the moment, Despite who's POTUS
Dow down 266. I blame woodmoose