U.S. stocks continue to soar!

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Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

Vtsax100 wrote: Wed Jul 28, 2021 1:15 pm I just pushed the button on 40K sell of vtsax to vbtlx to get back to my AA. So that will determine how today ends. To my disadvantage of course.
So far you're getting a nice little pop.
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Looks like Papa is keeping the money spigot on for the foreseeable future
Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

Triple digit golfer wrote: Wed Jul 28, 2021 1:44 pm
Vtsax100 wrote: Wed Jul 28, 2021 1:15 pm I just pushed the button on 40K sell of vtsax to vbtlx to get back to my AA. So that will determine how today ends. To my disadvantage of course.
So far you're getting a nice little pop.
Looks like it is trending that way...
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Marseille07 wrote: Wed Jul 28, 2021 2:35 pm
anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
I think about it all the time. For the first time I have about 50% of my Roth in stock. Went from 0 to 50 in that account just a few days ago, but the Roth itself is < 10% of my portfolio.

I also make quick small trades in taxable to hopefully generate a few thousand dollars of return for the year.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

anoop wrote: Wed Jul 28, 2021 2:54 pm
Marseille07 wrote: Wed Jul 28, 2021 2:35 pm
anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
I think about it all the time. For the first time I have about 50% of my Roth in stock. Went from 0 to 50 in that account just a few days ago, but the Roth itself is < 10% of my portfolio.

I also make quick small trades in taxable to hopefully generate a few thousand dollars of return for the year.
I was semi-joking. You gotta do what makes you feel comfortable. I think your AA is conservative but that's ok, the last thing we want is to hold too much equities and sell at the bottom.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Marseille07 wrote: Wed Jul 28, 2021 2:56 pm
anoop wrote: Wed Jul 28, 2021 2:54 pm
Marseille07 wrote: Wed Jul 28, 2021 2:35 pm
anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
I think about it all the time. For the first time I have about 50% of my Roth in stock. Went from 0 to 50 in that account just a few days ago, but the Roth itself is < 10% of my portfolio.

I also make quick small trades in taxable to hopefully generate a few thousand dollars of return for the year.
I was semi-joking. You gotta do what makes you feel comfortable. I think your AA is conservative but that's ok, the last thing we want is to hold too much equities and sell at the bottom.
Acting on my greed is very tempting. I have to keep reminding myself that even with small % in stocks, my gains far exceed that which I was getting via 100% fixed income.
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Doom&Gloom
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Re: U.S. stocks continue to soar!

Post by Doom&Gloom »

anoop wrote: Wed Jul 28, 2021 2:54 pm
Marseille07 wrote: Wed Jul 28, 2021 2:35 pm
anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
I think about it all the time. For the first time I have about 50% of my Roth in stock. Went from 0 to 50 in that account just a few days ago, but the Roth itself is < 10% of my portfolio.

I also make quick small trades in taxable to hopefully generate a few thousand dollars of return for the year.
Wait! What?

You really aren't at all sold on all of this Boglehead malaraky, are you?
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Interesting difference. Today:

GOOG -0.3%
GOOGL +3.18%
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Robot Monster wrote: Wed Jul 28, 2021 3:35 pm Interesting difference. Today:

GOOG -0.3%
GOOGL +3.18%
Google expanded the buyback program to now include GOOGL, which explains the difference.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Doom&Gloom wrote: Wed Jul 28, 2021 3:29 pm
anoop wrote: Wed Jul 28, 2021 2:54 pm
Marseille07 wrote: Wed Jul 28, 2021 2:35 pm
anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
I think about it all the time. For the first time I have about 50% of my Roth in stock. Went from 0 to 50 in that account just a few days ago, but the Roth itself is < 10% of my portfolio.

I also make quick small trades in taxable to hopefully generate a few thousand dollars of return for the year.
Wait! What?

You really aren't at all sold on all of this Boglehead malaraky, are you?
Ahem! Mr. Bogle approved 5% of Funny Money...
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

Marseille07 wrote: Wed Jul 28, 2021 4:09 pm
Doom&Gloom wrote: Wed Jul 28, 2021 3:29 pm
anoop wrote: Wed Jul 28, 2021 2:54 pm
Marseille07 wrote: Wed Jul 28, 2021 2:35 pm
anoop wrote: Wed Jul 28, 2021 2:33 pm i found powell's voice so calming, i almost thought i was in a guided meditation with the subliminal message of buy stocks, buy stocks, buy stocks.
Are you going to shift your AA from 20/80 then?
I think about it all the time. For the first time I have about 50% of my Roth in stock. Went from 0 to 50 in that account just a few days ago, but the Roth itself is < 10% of my portfolio.

I also make quick small trades in taxable to hopefully generate a few thousand dollars of return for the year.
Wait! What?

You really aren't at all sold on all of this Boglehead malaraky, are you?
Ahem! Mr. Bogle approved 5% of Funny Money...
I never understood that. What if your portfolio is $1 million and $50k is funny money and it goes to zero and portfolio to $950k? Does that mean now $47.5k can now be funny money?
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Triple digit golfer wrote: Wed Jul 28, 2021 5:08 pm I never understood that. What if your portfolio is $1 million and $50k is funny money and it goes to zero and portfolio to $950k? Does that mean now $47.5k can now be funny money?
It's a good question. My take is that there's no rebalancing in/out of Funny Money. If you lose 50K, that's it - no more Funny Money trades until you grow your AA by other means.
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

Marseille07 wrote: Wed Jul 28, 2021 5:10 pm
Triple digit golfer wrote: Wed Jul 28, 2021 5:08 pm I never understood that. What if your portfolio is $1 million and $50k is funny money and it goes to zero and portfolio to $950k? Does that mean now $47.5k can now be funny money?
It's a good question. My take is that there's no rebalancing in/out of Funny Money. If you lose 50K, that's it - no more Funny Money trades until you grow your AA by other means.
That's how I would do it too. But, I don't do any "funny money" because there's nothing funny to me about gambling with my family's future.

I would say rebalance out of, but not into it.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Triple digit golfer wrote: Wed Jul 28, 2021 5:16 pm
Marseille07 wrote: Wed Jul 28, 2021 5:10 pm
Triple digit golfer wrote: Wed Jul 28, 2021 5:08 pm I never understood that. What if your portfolio is $1 million and $50k is funny money and it goes to zero and portfolio to $950k? Does that mean now $47.5k can now be funny money?
It's a good question. My take is that there's no rebalancing in/out of Funny Money. If you lose 50K, that's it - no more Funny Money trades until you grow your AA by other means.
That's how I would do it too. But, I don't do any "funny money" because there's nothing funny to me about gambling with my family's future.

I would say rebalance out of, but not into it.
Rebalancing-in is out of the question. Rebalancing-out is a personal decision imo. Of course, not doing FM trades at all is perfectly valid too.

EDIT to clarify: I actually rebalance in/out of the *FM seed money*. In the example above, if my AA were 1M then I'd have 50K of seed money. If my AA becomes 2M, then I'll increase the seed from 50K to 100K (2M * 5% = 100K). If my AA drops, I reduce the seed money accordingly. Note that it has little to do with the FM account balance - this is purely tracking the seed, not the balance.
fatcoffeedrinker
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Re: U.S. stocks continue to soar!

Post by fatcoffeedrinker »

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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

S&P at new ATH. Nasdaq moving in that direction.

What virus?
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Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Jobs, GDP reports missed. Seems like another bad-news good-news situation.

Robinhood going IPO today.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Marseille07 wrote: Thu Jul 29, 2021 9:54 am Jobs, GDP reports missed. Seems like another bad-news good-news situation.
News doesn’t matter bad or good. Fed balance sheet + stimulus from congress is where it’s at. Given continued purchase of min $120B per month (> $1T per year), plus $1T stimulus almost a done deal with much more to follow, stocks are headed for the moon. Apple about to issue $8B in bonds to do what…buy stock!
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Marseille07 wrote: Thu Jul 29, 2021 9:54 am Jobs, GDP reports missed. Seems like another bad-news good-news situation.
These “misses” just push out the date when Fed will raise interest rates.

Mr Equity Market likes low interest rates.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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Candor
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Re: U.S. stocks continue to soar!

Post by Candor »

anoop wrote: Thu Jul 29, 2021 10:03 am
Marseille07 wrote: Thu Jul 29, 2021 9:54 am Jobs, GDP reports missed. Seems like another bad-news good-news situation.
News doesn’t matter bad or good. Fed balance sheet + stimulus from congress is where it’s at. Given continued purchase of min $120B per month (> $1T per year), plus $1T stimulus almost a done deal with much more to follow, stocks are headed for the moon. Apple about to issue $8B in bonds to do what…buy stock!
You'll be bumping up your equities over 20% then I assume. :D
The fool, with all his other faults, has this also - he is always getting ready to live. - Seneca Epistles < c. 65AD
am
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Re: U.S. stocks continue to soar!

Post by am »

Seems like this will end badly. How can someone near retirement retire in these conditions?
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
It might not if the FED figures out a way to avoid shocking the market with a gradual taper plan.
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
Easy... you rebalance often, taking all the money your stock side is making and put it in cash/CDs.

Sure, you make less if the market keeps going up for a few more years, but you're close to retirement, so you're already close to having enough.

Locking in a good chunk of the gains to protect yourself against a crash right at the start of retirement is the good move.

And you're not going to be sad if the market keeps going up. It's still gains on a substantial portfolio

(well for most of us who have more than 10%-20% in stocks)
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
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Candor
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Re: U.S. stocks continue to soar!

Post by Candor »

am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
I retired early last month with no pension. I have 10 years of expenses in FI with a lot of flexibility in my expenses. No worries here.
The fool, with all his other faults, has this also - he is always getting ready to live. - Seneca Epistles < c. 65AD
nigel_ht
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Re: U.S. stocks continue to soar!

Post by nigel_ht »

lostdog wrote: Thu Jul 29, 2021 10:33 am
am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
It might not if the FED figures out a way to avoid shocking the market with a gradual taper plan.
I have this nice bridge that I will give you a substantial covid discount for...a real bargain price...

It's a good thing this thread isn't serious...lol...
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Re: U.S. stocks continue to soar!

Post by Forester »

Did the S&P 500 peak on the same day that Robinhood went public? It would be a nice storyline but my money is still an ultimate top in the 4,750 to 5,000 range by the middle of September.
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csan
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Re: U.S. stocks continue to soar!

Post by csan »

Forester wrote: Thu Jul 29, 2021 1:22 pm Did the S&P 500 peak on the same day that Robinhood went public? It would be a nice storyline but my money is still an ultimate top in the 4,750 to 5,000 range by the middle of September.
Then the stock market starts it’s descent back to 0?
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

Forester wrote: Thu Jul 29, 2021 1:22 pm Did the S&P 500 peak on the same day that Robinhood went public? It would be a nice storyline but my money is still an ultimate top in the 4,750 to 5,000 range by the middle of September.
Oh that's good to know. So I can still hold my LETF until September :beer
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
Stop being so pessimistic and just enjoy the ride. This is an awesome perpetual motion machine. Money for nothing.

BTW, if you paid attention to Powell yesterday, you pretty know Burry was 100% spot on. They have no intention of fighting inflation. Powell couldn't even articulate when they would need to step in and act.
Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 »

am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
I'm sure many BHs have retired over this bull market, at then ATHs for their portfolios.

Hopefully your AA takes ALL market conditions into account. If it doesn't, you might be in trouble.

Broken Man 1999
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marcopolo
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Post by marcopolo »

Broken Man 1999 wrote: Thu Jul 29, 2021 6:31 pm
am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
I'm sure many BHs have retired over this bull market, at then ATHs for their portfolios.

Hopefully your AA takes ALL market conditions into account. If it dsoesn't, you might be in trouble.

Broken Man 1999
The market is within 5% of its all time high about 1/3 of the time, so lots of people retire at or near their peak (to date) portfolio.
Once in a while you get shown the light, in the strangest of places if you look at it right.
Runyer
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Re: U.S. stocks continue to soar!

Post by Runyer »

HomerJ wrote: Thu Jul 29, 2021 10:35 am
am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
Easy... you rebalance often, taking all the money your stock side is making and put it in cash/CDs.

Sure, you make less if the market keeps going up for a few more years, but you're close to retirement, so you're already close to having enough.

Locking in a good chunk of the gains to protect yourself against a crash right at the start of retirement is the good move.

And you're not going to be sad if the market keeps going up. It's still gains on a substantial portfolio

(well for most of us who have more than 10%-20% in stocks)
I agree! That’s what I’m doing!
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

HomerJ wrote: Thu Jul 29, 2021 10:35 am
am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
Easy... you rebalance often, taking all the money your stock side is making and put it in cash/CDs.

Sure, you make less if the market keeps going up for a few more years, but you're close to retirement, so you're already close to having enough.

Locking in a good chunk of the gains to protect yourself against a crash right at the start of retirement is the good move.

And you're not going to be sad if the market keeps going up. It's still gains on a substantial portfolio

(well for most of us who have more than 10%-20% in stocks)
Do you also do the same thing in reverse as in when the market falls? What is the trigger? Is it a % like when things are 5% off, or time like done quarterly?
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

anoop wrote: Fri Jul 30, 2021 12:20 am
HomerJ wrote: Thu Jul 29, 2021 10:35 am
am wrote: Thu Jul 29, 2021 10:26 am Seems like this will end badly. How can someone near retirement retire in these conditions?
Easy... you rebalance often, taking all the money your stock side is making and put it in cash/CDs.

Sure, you make less if the market keeps going up for a few more years, but you're close to retirement, so you're already close to having enough.

Locking in a good chunk of the gains to protect yourself against a crash right at the start of retirement is the good move.

And you're not going to be sad if the market keeps going up. It's still gains on a substantial portfolio

(well for most of us who have more than 10%-20% in stocks)
Do you also do the same thing in reverse as in when the market falls? What is the trigger? Is it a % like when things are 5% off, or time like done quarterly?
When I was younger, I did the same thing in reverse. Some people use % (I do), some people rebalance once a year.

So yeah, my target Asset Allocation is 50/50. If the market had a bad few months, I might find myself at 45/55, so I would sell bonds and buy stocks (I always do this inside my 401k or IRA so no taxes).

Another option is to just buy more stocks with new money (401k contributions every 2 weeks). You could set your 401k contributions to 100% stock, and slowly get back to 50/50. This works better when younger and your nest egg is smaller so a few months of 401k contributions could still move the needle.

Anyway, for most of the past 10 years, I've been rebalancing the other way, stocks into bonds...
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
effigy98
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Re: U.S. stocks continue to soar!

Post by effigy98 »

My first few years of investing were the dotcom era. The market is doing exactly the same thing. There are a few different conditions this time around, but it is just too close to the pain and suffering I went thru with a 70% drawdown because I thought tech was where it was at with no earnings (like many today) and panic that followed with many years of unemployment or underemployment. I don't ever want to go thru that again. Employers were pretty much jerks as they could treat you like crap as you were "lucky" to have a job in the tech industry at the time with rapid outsourcing. Having [expletive removed by admin LadyGeek] money (freedom fund) is almost priceless to me and the thought of losing it in a liquidity event is not worth it to me. This is going to probably happen again as companies get used to outsourcing via the remote work being ok again. The young are not prepared for this and having seen this before so many times, going to stay conservative despite wanting to ride the wave just as much as everyone else.
Last edited by effigy98 on Fri Jul 30, 2021 11:47 am, edited 1 time in total.
anoop
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Post by anoop »

effigy98 wrote: Fri Jul 30, 2021 11:43 am My first few years of investing were the dotcom era. The market is doing exactly the same thing. There are a few different conditions this time around, but it is just too close to the pain and suffering I went thru with a 70% drawdown because I thought tech was where it was at (like people today) and panic that followed with many years of unemployment or underemployment. I don't ever want to go thru that again. Employers were pretty much jerks as they could treat you like crap as you were "lucky" to have a job in the tech industry at the time with rapid outsourcing. Having [expletive removed by admin LadyGeek] money (freedom fund) is almost priceless to me and the thought of losing it in a liquidity event is not worth it to me. This is going to probably happen again as companies get used to outsourcing via the remote work being ok again. The young are not prepared for this and having seen this before so many times, going to stay conservative despite wanting to ride the wave just as much as everyone else.
What % in stocks?
effigy98
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Post by effigy98 »

50% Stocks, 25% gold, 5% BTC, 20% bonds
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

effigy98 wrote: Fri Jul 30, 2021 11:43 am My first few years of investing were the dotcom era. The market is doing exactly the same thing. There are a few different conditions this time around, but it is just too close to the pain and suffering I went thru with a 70% drawdown because I thought tech was where it was at with no earnings (like many today) and panic that followed with many years of unemployment or underemployment. I don't ever want to go thru that again. Employers were pretty much jerks as they could treat you like crap as you were "lucky" to have a job in the tech industry at the time with rapid outsourcing. Having [expletive removed by admin LadyGeek] money (freedom fund) is almost priceless to me and the thought of losing it in a liquidity event is not worth it to me. This is going to probably happen again as companies get used to outsourcing via the remote work being ok again. The young are not prepared for this and having seen this before so many times, going to stay conservative despite wanting to ride the wave just as much as everyone else.
This is so very true. Many who are currently work in tech started after 2008 didn't experience the dotcom bust of the early 2000s. Bayarea unemployment rate (especially among tech workers) during early 2000s were quite high. Having FU :moneybag is definitely a soothing thought during those time.
anoop
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Post by anoop »

jarjarM wrote: Fri Jul 30, 2021 4:05 pm
effigy98 wrote: Fri Jul 30, 2021 11:43 am My first few years of investing were the dotcom era. The market is doing exactly the same thing. There are a few different conditions this time around, but it is just too close to the pain and suffering I went thru with a 70% drawdown because I thought tech was where it was at with no earnings (like many today) and panic that followed with many years of unemployment or underemployment. I don't ever want to go thru that again. Employers were pretty much jerks as they could treat you like crap as you were "lucky" to have a job in the tech industry at the time with rapid outsourcing. Having [expletive removed by admin LadyGeek] money (freedom fund) is almost priceless to me and the thought of losing it in a liquidity event is not worth it to me. This is going to probably happen again as companies get used to outsourcing via the remote work being ok again. The young are not prepared for this and having seen this before so many times, going to stay conservative despite wanting to ride the wave just as much as everyone else.
This is so very true. Many who are currently work in tech started after 2008 didn't experience the dotcom bust of the early 2000s. Bayarea unemployment rate (especially among tech workers) during early 2000s were quite high. Having FU :moneybag is definitely a soothing thought during those time.
I have emotional scarring from that time.
APX32
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Re: U.S. stocks continue to soar!

Post by APX32 »

anoop wrote: Fri Jul 30, 2021 4:11 pm
jarjarM wrote: Fri Jul 30, 2021 4:05 pm
effigy98 wrote: Fri Jul 30, 2021 11:43 am My first few years of investing were the dotcom era. The market is doing exactly the same thing. There are a few different conditions this time around, but it is just too close to the pain and suffering I went thru with a 70% drawdown because I thought tech was where it was at with no earnings (like many today) and panic that followed with many years of unemployment or underemployment. I don't ever want to go thru that again. Employers were pretty much jerks as they could treat you like crap as you were "lucky" to have a job in the tech industry at the time with rapid outsourcing. Having [expletive removed by admin LadyGeek] money (freedom fund) is almost priceless to me and the thought of losing it in a liquidity event is not worth it to me. This is going to probably happen again as companies get used to outsourcing via the remote work being ok again. The young are not prepared for this and having seen this before so many times, going to stay conservative despite wanting to ride the wave just as much as everyone else.
This is so very true. Many who are currently work in tech started after 2008 didn't experience the dotcom bust of the early 2000s. Bayarea unemployment rate (especially among tech workers) during early 2000s were quite high. Having FU :moneybag is definitely a soothing thought during those time.
I have emotional scarring from that time.
Luckily, the dotcom bust happened literally at the beginning of my investing/professional career. I was just out of college, gotten my first real job in tech, making good money and feeling pretty smart about my Infospace, Lucent, Cisco, et al trades as I watched my trading account balloon to north of $50k. Lost pretty much all of it soon after but luckily kept my job and learned some good lessons along the way. The last 20 or so years since then have been good.

I completely agree with effigy88 that having a sizable cash position which will not require me to sell anything during a downturn/emergency is big for piece of mind. I currently maintain about 2.5 years expenses in cash (short term t-bills) and if anything like job loss or market crash happened, I basically have close to 3 years to live and maintain my current lifestyle before looking at any other option such as selling investments to raise cash or dip into Roth contributions.

I figure if it takes longer than 3 years, we’ve got far bigger problems anyway, so the current allocation works for me.
40% SPY | 10% stonks | 50% Cash
PackersFan12
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Re: U.S. stocks continue to soar!

Post by PackersFan12 »

Just checked the futures markets...S&P 500 futures are up 0.55%. The market apparently doesn't care about the delta variant...
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nedsaid
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Re: U.S. stocks continue to soar!

Post by nedsaid »

Just love it! They don't even wait anymore for stocks to actually start trading before posting in the "Soar" column. Futures are up pretty strong but the actual stocks haven't done nuthin' yet.
A fool and his money are good for business.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

nedsaid wrote: Sun Aug 01, 2021 11:16 pm Just love it! They don't even wait anymore for stocks to actually start trading before posting in the "Soar" column. Futures are up pretty strong but the actual stocks haven't done nuthin' yet.
Nikkei up 2% for some reason though, which is driving up the SPX futures at the moment. Equities are very much connected around the world.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Marseille07 wrote: Sun Aug 01, 2021 11:19 pm
nedsaid wrote: Sun Aug 01, 2021 11:16 pm Just love it! They don't even wait anymore for stocks to actually start trading before posting in the "Soar" column. Futures are up pretty strong but the actual stocks haven't done nuthin' yet.
Nikkei up 2% for some reason though, which is driving up the SPX futures at the moment. Equities are very much connected around the world.
Nikkei is off almost 10% from its ATH, while S&P500 is < 1% from its ATH.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

If lostdog does a good job, we might see a new ATH tomorrow again!
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

anoop wrote: Sun Aug 01, 2021 11:32 pm
Marseille07 wrote: Sun Aug 01, 2021 11:19 pm
nedsaid wrote: Sun Aug 01, 2021 11:16 pm Just love it! They don't even wait anymore for stocks to actually start trading before posting in the "Soar" column. Futures are up pretty strong but the actual stocks haven't done nuthin' yet.
Nikkei up 2% for some reason though, which is driving up the SPX futures at the moment. Equities are very much connected around the world.
Nikkei is off almost 10% from its ATH, while S&P500 is < 1% from its ATH.
Good, the valuation of Nikkei got more attractive.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Marseille07 wrote: Sun Aug 01, 2021 11:34 pm
anoop wrote: Sun Aug 01, 2021 11:32 pm
Marseille07 wrote: Sun Aug 01, 2021 11:19 pm
nedsaid wrote: Sun Aug 01, 2021 11:16 pm Just love it! They don't even wait anymore for stocks to actually start trading before posting in the "Soar" column. Futures are up pretty strong but the actual stocks haven't done nuthin' yet.
Nikkei up 2% for some reason though, which is driving up the SPX futures at the moment. Equities are very much connected around the world.
Nikkei is off almost 10% from its ATH, while S&P500 is < 1% from its ATH.
Good, the valuation of Nikkei got more attractive.
Unfortunately, I don't invest there. I probably should since the BoJ is buying it all up outright.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

anoop wrote: Sun Aug 01, 2021 11:35 pm Unfortunately, I don't invest there. I probably should since the BoJ is buying it all up outright.
If you hold ex-US like VXUS, Nikkei is part of the picture.

Actually you probably meant 10% off of recent high, not ATH. Iirc Nikkei hit as much as 39K in 1989 or so.

I'd be very careful with Nikkei. BoJ actually said they stop buying Nikkei225 ETFs: https://www.bloomberg.com/news/articles ... nikkei-225
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