ShustS6512
Dryer sheet wannabe
- Joined
- Apr 15, 2011
- Messages
- 13
Wanting to preserve principal, what fidelity funds do you suggest being retired
Well, being honest about it is an important step. Are you looking to preserve nominal value or protect purchasing power after inflation?Regretfully, yes
MichaelB - I have a dumb question. What is the difference between nominal value and protecting purchasing power after inflation?
There you go again...However, whatever you buy, recognize that we are now at all time highs...
These stock market 'records' aren't that great - May. 31, 2014The stock market is hitting new records almost daily (it happened again on Friday), but the reality isn't as rosy as it seems.
When people talk about how the "stock market" is doing, they often look at the S&P 500 index. It's currently at 1,923, the highest level it has ever been. There's just one problem: That record level is in "nominal" terms. It doesn't account for inflation.
Will Hausman, an economics professor at the College of William and Mary, calculates that the S&P 500 hit its true high -- its inflation-adjusted high -- of 2,120 on January 14, 1999.
To put that another way, the market still needs to rise about 200 more points -- over 10% -- to be on par with where it was in the late 1990s.
Not to mention, June is the worst month of the year (lately)There you go again...
Not according to this:
These stock market 'records' aren't that great - May. 31, 2014
Sorry for the side track:
Who knew you can buy Vanguard ETP,s at Fidelity, thanks for the info! How does a person research which ones they sell? (I tried 1/2 hour of research at Fidelity and didn't come up with much other than VIMSX, VMCIX & a couple of other ones.)