Non-Political Market/Economy/Finance/etc. Thread

[kim carnes]

Why don’t we all take the s&p strategy one step further and just put all of our money into the 10 largest companies??  We’re losing out on a lot of money.

[steve dave]

Why don’t we all take the s&p strategy one step further and just put all of our money into the 10 largest companies??  We’re losing out on a lot of money.

STONKS

[CNS]

US Govt should buy a bunch of Tesla calls, pass some new battery subsidies, cash those MF'ers out, then pay off the debt.

[kim carnes]

Yeah you’re not grasping my strategy

[kim carnes]

U gotta really understand stocks to understand what im proposing

[CNS]

We need to go all in on Raytheon calls that mature this friday, that are currently wildly out of the money, then declare war on Iran, Iraq, Russia, China, Hamas, Israel, and probably a crap ton more.  Boom, we would probably be able to pay off the debt and start UBI. 

[Pete]

U gotta really understand stocks to understand what im proposing

I have no rough ridin' idea what you are trying to say, which is why I should stick to index fund investing I suppose.

[Pete]

To be clear, my only goal is match the S&P 500's performance.  I have zero desire to take any risk beyond that.

[IPA4Me]

3.9% CPI. Came in a little hot.

[kim carnes]

It’s all just greedflation according to biden

[Stupid Fitz]

Anyone use a reputable banking and investment account aggregator? I used Mint forever before it shut down. Didn't really use it often, but it was nice to be able to go to one place and find a transaction or something for a purchase on one of my billion credit cards.

[Pete]

If the S&P 500 beats inflation by 3% year over year for 12 years, I will hit my retirement goal.  What do you investment cats think my odds are?

[steve dave]

If the S&P 500 beats inflation by 3% year over year for 12 years, I will hit my retirement goal.  What do you investment cats think my odds are?

Should get there


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[wetwillie]

If the S&P 500 beats inflation by 3% year over year for 12 years, I will hit my retirement goal.  What do you investment cats think my odds are?

How close would you be if the market beats inflation by 6% the next five years on average.

[steve dave]

If the S&P 500 beats inflation by 3% year over year for 12 years, I will hit my retirement goal.  What do you investment cats think my odds are?

How close would you be if the market beats inflation by 6% the next five years on average.

yeah, that's what you have to ask yourself. it beats inflation by 6%+ on avg. where will you be in 12 years with that return Pete? add a few extra feet to the pontoon imo.

[kim carnes]

First we need to know what your goal is to determine if it’s even close to adequate (spoiler alert, it’s not)

[kim carnes]

What if u live to be 100, there’s so many variables here

[steve dave]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

[steve dave]

I know a lady roughly my same age who does pretty well salarywise but has zero retirement savings. just refuses to contribute to her 401k. she told me she plans to just work until she dies. would rather spend money now.

[steve dave]

I know a lady roughly my same age who does pretty well salarywise but has zero retirement savings. just refuses to contribute to her 401k. she told me she plans to just work until she dies. would rather spend money now.

also she has one kid. I've wondered if she is secretly planning on him supporting her when she's old AF. If that's her plan she's in bigtime trouble because I've spent some time around the kid and he's a dumbshit.

[kim carnes]

I know a lady roughly my same age who does pretty well salarywise but has zero retirement savings. just refuses to contribute to her 401k. she told me she plans to just work until she dies. would rather spend money now.

also she has one kid. I've wondered if she is secretly planning on him supporting her when she's old AF. If that's her plan she's in bigtime trouble because I've spent some time around the kid and he's a dumbshit.

That plan is great if u end up dying of a heart attack at like 65, not great if your health slowly deteriorates to the point where you can’t work and need assistance

[wetwillie]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less. 

[catastrophe]

Picking the right time to retire is a bit of an art I think. In general my goal is to be able to spend a little more than I do now from the start of retirement until like 60, then pare it back to a safer number that will last, then start just giving crap away if/when I hit 80. By that point I’ll literally just need a warm blanket, comfy chair, and a decent TV.

[Pete]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I won’t be able to do that.

My goal would be to be able to take out 4% of my retirement savings each year to use as my desired income level, and have enough saved to live until 85 (I won’t likely won’t live to be 80, based on genes).

[Pete]

I think I need double the money right now, adjusted for inflation.

So, if I earn 0.03 over inflation for 12 years then (1.03)^12 = 2.022469067498369 times my present value.