OILERMAN Posted October 17, 2022 Report Share Posted October 17, 2022 This is pretty cool. Since 2001 the S&P 500 has had 4 down years, 01 and 02(Dot.com), 08(great recession) and 2018. If you dollar cost averaged 1000 a month in all 4 of those years, you only invested 12000 and stopped in each year. just check out what the money would have done 10 years later Hooty_McBoob 1 Link to post Share on other sites More sharing options...
Number9 Posted October 19, 2022 Report Share Posted October 19, 2022 I have been thinking about making a sizable investment into the stock market. I am trying to decide on the sectors. I think space will continue. We are in its infancy, but space transportation appears a solid long range position. Rare earth materials is another spot. You just don't know what the next reiteration of industries will be, but clean, rare, cheap. Maybe luck up and invest in Coca Cola sperm. Link to post Share on other sites More sharing options...
SleepingTitan Posted October 19, 2022 Report Share Posted October 19, 2022 On 10/16/2022 at 7:22 PM, OILERMAN said: This is pretty cool. Since 2001 the S&P 500 has had 4 down years, 01 and 02(Dot.com), 08(great recession) and 2018. If you dollar cost averaged 1000 a month in all 4 of those years, you only invested 12000 and stopped in each year. just check out what the money would have done 10 years later TBF though, 2000-present is one of the largest increases in wealth in world history. But that dog hunts. Even if you invested at the peak of every peak, you're up. The smartest thing anyone who doesn't need the capital for some other investment: just buy. Buy buy buy with all your extra cash. OILERMAN, and Hooty_McBoob 2 Link to post Share on other sites More sharing options...
SleepingTitan Posted October 19, 2022 Report Share Posted October 19, 2022 (edited) I have 17 holdings in my little beer money account that I started June 2021. I'm down 28.5%. I've earned $233.44 in dividends. Should I just liquidate all these and put it into VOO? I could of course wait for it to go up and then liquidate for a better return, but I'm honestly getting tired of paying attention to it. (You can click on each sector to see the individual holdings) https://m1.finance/IWpwAdykMiFV Edited October 19, 2022 by SleepingTitan Link to post Share on other sites More sharing options...
OILERMAN Posted October 19, 2022 Report Share Posted October 19, 2022 5 hours ago, SleepingTitan said: Buy buy buy with all your extra cash. Always be buying SleepingTitan 1 Link to post Share on other sites More sharing options...
SleepingTitan Posted October 20, 2022 Report Share Posted October 20, 2022 @OILERMAN what do you think about my 17 holdings post? Liquidate and go VOO or just hold until the market comes back then liquidate and go VOO? Link to post Share on other sites More sharing options...
abenjami Posted October 20, 2022 Author Report Share Posted October 20, 2022 (edited) 1 hour ago, SleepingTitan said: @OILERMAN what do you think about my 17 holdings post? Liquidate and go VOO or just hold until the market comes back then liquidate and go VOO? Liquidate now and use for strippers and coke. Edited October 20, 2022 by abenjami CreepingDeath 1 Link to post Share on other sites More sharing options...
OILERMAN Posted October 21, 2022 Report Share Posted October 21, 2022 8 hours ago, SleepingTitan said: @OILERMAN what do you think about my 17 holdings post? Liquidate and go VOO or just hold until the market comes back then liquidate and go VOO? Def put it all in VOO, it doesn't matter much since everything is down in terms of waiting Link to post Share on other sites More sharing options...
BudsOilers Posted October 21, 2022 Report Share Posted October 21, 2022 On 10/20/2022 at 9:42 AM, abenjami said: Liquidate now and use for strippers and coke. Hookers and blow for $500 Alex! Link to post Share on other sites More sharing options...
Number9 Posted October 21, 2022 Report Share Posted October 21, 2022 On 9/17/2022 at 4:34 AM, OILERMAN said: The 2nd favorite day of a boat owner is the day he buys a boat, the favorite day is the day he sells it Been there. Done that. Fortunately an older friend told me if you just gotta buy a GD boat, buy a used one. They depreciate 50% when they hit the water. OILERMAN 1 Link to post Share on other sites More sharing options...
OILERMAN Posted October 22, 2022 Report Share Posted October 22, 2022 Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. That's up from $20,500 this year. A 2k jump in one year is pretty unheard of, it usually goes up 500 for the year and often stays the same abenjami, and SleepingTitan 1 1 Link to post Share on other sites More sharing options...
headhunter Posted October 23, 2022 Report Share Posted October 23, 2022 12 hours ago, OILERMAN said: Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. That's up from $20,500 this year. A 2k jump in one year is pretty unheard of, it usually goes up 500 for the year and often stays the same It's to help make up what they've lost Link to post Share on other sites More sharing options...
OILERMAN Posted October 23, 2022 Report Share Posted October 23, 2022 2 hours ago, headhunter said: It's to help make up what they've lost No, it's based on inflation I believe Jamalisms 1 Link to post Share on other sites More sharing options...
headhunter Posted October 23, 2022 Report Share Posted October 23, 2022 12 hours ago, OILERMAN said: No, it's based on inflation I believe Couldnt it be both? Link to post Share on other sites More sharing options...
OILERMAN Posted October 23, 2022 Report Share Posted October 23, 2022 36 minutes ago, headhunter said: Couldnt it be both? No, the IRS has a set formula to determine the contribution limits for retirement accounts. Maybe @ctm knows the exact formula. It's tied to the CPI I'm pretty sure. And a 2k a year raise on a retirement account would hardly make a difference to an account in a big downturn. And this doesn't take effect until 2023, the market could be going back up Link to post Share on other sites More sharing options...
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