Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-14-2020, 08:56 AM   #641
Thinks s/he gets paid by the post
Rianne's Avatar
 
Join Date: Aug 2017
Location: Champaign
Posts: 3,182
Quote:
Originally Posted by harllee View Post
I am in my late 60s and I have been buying mutual funds for almost 40 years. I have had a stock fund/bond fund allocation that I have stayed with through thick and thin--through all the recessions, through 9/11, etc. But today I sold all my equities and moved the money to a money market fund for now (it was all in my IRA so no tax consequences). I have never been a market timer but there is something about the market now that just does not seem right to me. I recouped all most all my losses from March and April and just got out. I don't see anything good to come in the near future and at my age I just decided to not take any more risks.

I will decide what to do with all the money market funds in the near future--CDs? Bonds? Treasuries? but I just don't think stocks are the right place for me to be now.
OP, We are somewhat similar (the bold part). The difference, most of our tIRA are bond funds. Did you, by chance, figure out the tax consequence of the sale of your equities(I realize they were in your IRA)? Again, most of our equities are taxed yearly but I have no idea what the tax consequences would be if we sold our equities. Plus, we're on ACA, so we couldn't possibly do that today...but if HC were to change (we'll be 65 in 3 years) to something affordable. Not getting political.
__________________

__________________
"If you want to go fast, go alone. If you want to go far, go together.
Rianne is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-14-2020, 11:55 AM   #642
gone traveling
 
Join Date: Jul 2020
Posts: 100
I look at historical S&P 500 dividend and historical inflation/ Fed Interest Rates through years of 1930-1950.

For most years one would collect 70-90% if 1930 dividend though there are couple of years where dividend is about 60% of 1930 payout. Those are inflation/deflation adjusted dividends.

Meanwhile cash lost most of its value and Fed rates were 0% or pretty close to 0% just like today. Those are years similar to what we see today. Fed pretty much inflated US out of historically very high debt. So good luck holding cash

Not to mention tax bill that such sale would generate.
__________________

TechLead is offline   Reply With Quote
Old 07-14-2020, 12:49 PM   #643
Thinks s/he gets paid by the post
 
Join Date: Oct 2017
Location: Chapel Hill, NC
Posts: 1,820
Quote:
Originally Posted by Rianne View Post
OP, We are somewhat similar (the bold part). The difference, most of our tIRA are bond funds. Did you, by chance, figure out the tax consequence of the sale of your equities(I realize they were in your IRA)? Again, most of our equities are taxed yearly but I have no idea what the tax consequences would be if we sold our equities. Plus, we're on ACA, so we couldn't possibly do that today...but if HC were to change (we'll be 65 in 3 years) to something affordable. Not getting political.
OP here, everything I sold was in my IRA so I did not need to look at tax consequences.
harllee is online now   Reply With Quote
Old 07-14-2020, 02:49 PM   #644
Recycles dryer sheets
 
Join Date: Jul 2013
Posts: 188
Quote:
Originally Posted by WhenIsItTime View Post
Ask Bill Ackman how he did on Herbalife. In that case he was probably right, but still lost a ton of his personal effort and money. He was also pretty dramatic during Covid. Dude needs to narrow his emotional highs and lows.


Im sure he was concerned about us stock holders and in no way trying to manipulate the market.
Murf2 is offline   Reply With Quote
Old 07-31-2020, 11:53 AM   #645
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,973
Ive read on here and elsewhere that some were suggesting to buy back in after the expected, horrible 2nd quarter results. So here we are. Whos buying in now?
COcheesehead is offline   Reply With Quote
Old 07-31-2020, 11:58 AM   #646
Thinks s/he gets paid by the post
gayl's Avatar
 
Join Date: Jun 2004
Location: Diablo Valley (SF Bay Area)
Posts: 1,793
I recognized my error and fully reinvested May 8th. All I did was lock in a 5% drop from where I would be if I did nothing. Back to:
89% stocks
6% CDs
5% Bonds
gayl is offline   Reply With Quote
Old 07-31-2020, 12:04 PM   #647
Recycles dryer sheets
 
Join Date: Mar 2016
Location: SoCal
Posts: 300
most that sold before March are waiting for the market to calm, dust to settle or a vaccine before jumbling back in.
vipertom1970 is offline   Reply With Quote
Old 07-31-2020, 12:20 PM   #648
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,973
Ring a bell when it’s all clear. LOL.
COcheesehead is offline   Reply With Quote
Old 07-31-2020, 12:26 PM   #649
gone traveling
 
Join Date: Jul 2020
Posts: 100
Quote:
Originally Posted by vipertom1970 View Post
most that sold before March are waiting for the market to calm, dust to settle or a vaccine before jumbling back in.
Once that news is here what will be S&P 500 value that they will jump back to?
Many sold *during* March.

Pretty much everything went up since March except cash. (Dollar index is down 10%) Don't hold your breath for S&P 500 to go under 2300.
TechLead is offline   Reply With Quote
Old 07-31-2020, 12:30 PM   #650
Full time employment: Posting here.
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 646
Today, I bought some GEO (18% forward looking returns)and ATAX (6% federally tax free forward looking returns). Gimme those dividends! Dollar cost averaging.
Lawrencewendall is online now   Reply With Quote
Old 07-31-2020, 12:34 PM   #651
Thinks s/he gets paid by the post
 
Join Date: Oct 2017
Location: Chapel Hill, NC
Posts: 1,820
I started this thread and I sold in May, just sitting on my cash now. I think there is a long way to go and I am afraid we are just starting to see the economic downturn. I really do not see any economic positives.
harllee is online now   Reply With Quote
Old 07-31-2020, 12:39 PM   #652
gone traveling
 
Join Date: Jul 2020
Posts: 100
Quote:
Originally Posted by harllee View Post
I started this thread and I sold in May, just sitting on my cash now. I think there is a long way to go and I am afraid we are just starting to see the economic downturn. I really do not see any economic positives.
You are very likely (almost certainly) correct.
Question is what is future of USD compared to value of other assets.

That future looks very dim.
TechLead is offline   Reply With Quote
Old 07-31-2020, 12:48 PM   #653
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 6,622
I came back in and purchased VUG and Fidelity Blue Chip Growth fund which have done very well. O was way down so bought a little; it has come up a lot, didn't want to be a pig so put in a limit order today. SMH, a semiconductor ETF has done well not withstanding INTEL's implosion, I guess someone has to make those chips.

I had kept Wellington and added some Fidelity Balanced - the first has done well this year, Balanced is plodding along but I purchased it after the implosion.

Now shopping for JNJ and more KMB.

Bonds are yielding nothing so I think it is either growth or dividend stocks going forward.
__________________
Duck bjorn.
Brat is online now   Reply With Quote
Old 07-31-2020, 01:01 PM   #654
Recycles dryer sheets
 
Join Date: Jun 2014
Posts: 327
So my son came to me last week, and said, "Dad, I want to buy AMD. I found out that their new chips are going to be in both all xbox and playstation 5 consoles. Once they are out, I'm positive AMD stock will go up!" I told him that the news has already been priced in, and it's a very expensive stock, based on multiples. I was glad that he was taking an interest so (with a slight snicker) I told him I'd sell some of his VTI and buy AMD, and we can see what happens.

After AMD's run up of almost 40% in a week, I'm learning that Gen Z has a new term called "flexing" and he's been doing alot of that lately. I am willing to admit I know nothing, so who knows how this market will evolve.
Toocold is online now   Reply With Quote
Old 07-31-2020, 02:11 PM   #655
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,973
Quote:
Originally Posted by TechLead View Post
You are very likely (almost certainly) correct.
Question is what is future of USD compared to value of other assets.

That future looks very dim.
Over what time frame?
Is anything going on now, not already known?
What about when there is a vaccine?

I can make a case for a bad market ahead or a good market ahead. It depends on your timeframe and what you choose to look at. Does it not?
COcheesehead is offline   Reply With Quote
Old 07-31-2020, 02:20 PM   #656
Thinks s/he gets paid by the post
 
Join Date: Oct 2017
Location: Chapel Hill, NC
Posts: 1,820
Quote:
Originally Posted by COcheesehead View Post
Over what time frame?
Is anything going on now, not already known?
What about when there is a vaccine?

I can make a case for a bad market ahead or a good market ahead. It depends on your timeframe and what you choose to look at. Does it not?
The U.S. economy looks very bad to me for the next year or two. I hope I am wrong.
harllee is online now   Reply With Quote
Old 07-31-2020, 08:11 PM   #657
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Location: Upstate
Posts: 1,538
Quote:
Originally Posted by Toocold View Post
So my son came to me last week, and said, "Dad, I want to buy AMD. I found out that their new chips are going to be in both all xbox and playstation 5 consoles. Once they are out, I'm positive AMD stock will go up!" I told him that the news has already been priced in, and it's a very expensive stock, based on multiples. I was glad that he was taking an interest so (with a slight snicker) I told him I'd sell some of his VTI and buy AMD, and we can see what happens.

After AMD's run up of almost 40% in a week, I'm learning that Gen Z has a new term called "flexing" and he's been doing alot of that lately. I am willing to admit I know nothing, so who knows how this market will evolve.
Sometimes, when you think it is priced in, it really isn't. Both on the up side and the down side. That's why I slapped my hand when it tried to sell my long term Apple holding into earnings.
copyright1997reloaded is offline   Reply With Quote
Old 08-01-2020, 06:47 PM   #658
Dryer sheet aficionado
 
Join Date: Jul 2019
Location: On the water somewhere
Posts: 31
I am still 25 % equities when I am normally 45 - 55%. Still have recouped most of the losses.

I got in on AMD when it was less than $5/share. Sold at $25, then back in at $12. Sold again at $57, then back in at $48 with 1,000 shares. It is now around $77 and going to go over $100.

I know quite a few who made a lot of money on it. I only invested modestly, but still managed some nice earnings.
Beachcomber is offline   Reply With Quote
Old 08-02-2020, 05:37 AM   #659
Full time employment: Posting here.
 
Join Date: Oct 2019
Posts: 512
The market positive is all the people waiting
to put all that money back into the market.
Time2 is online now   Reply With Quote
Old 08-02-2020, 06:42 AM   #660
Recycles dryer sheets
 
Join Date: Jun 2014
Posts: 327
Quote:
Originally Posted by Time2 View Post
The market positive is all the people waiting
to put all that money back into the market.
Similar to how I thought a house in cupertino was way too expensive in the late 90s because it was 800k. No way it could be that high, and I decided to wait... and wait... and wait, until I moved out of the bay area.

I still plan to buy a house whenever it goes down to $300k! I'm just not holding my breath.
__________________

Toocold is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sold all my stocks Running_Man Stock Picking and Market Strategy 311 10-07-2018 08:08 PM
Anyone ever sold gold jewelry?? bclover Other topics 17 11-22-2016 08:53 AM
Collections ~ Have you ever sold one? VaCollector Other topics 17 10-11-2010 09:03 AM
Who sold bonds to buy cheap stocks Canadian Grunt FIRE and Money 18 10-23-2008 04:02 PM
hotels built and sold and sold again renferme FIRE and Money 5 07-10-2006 08:19 AM

» Quick Links

 
All times are GMT -6. The time now is 09:02 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×