Investing, Stock Market and Retirement Planning Thread

[mikey]

Reported.

CDs...? How did you even have kids if you're still doing hand stuff in your 30's...?

"Hi, my name is NTP, 80% of my money is in bonds, I also pay my wife to use my sac as a speed bag before I go to sleep in the litter box..."

[NTP66]

It all depends on your perspective. If I’ve got money in an ETF, that’s not my emergency fund - that’s either in a retirement account, or my play/brokerage account. And if 80% of your money is in your emergency fund, I want to know what age you were dropped on the head as a kid.

[mac5155]

Those ETFs are quite risky, and I would not use them for your emergency fund. They’re really the opposite of where you should put that money.

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

[NTP66]

Those ETFs are quite risky, and I would not use them for your emergency fund. They’re really the opposite of where you should put that money.

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

They do because they’re all equities, so they’re going to be the riskiest asset. Zero issues with them long term, but they’re not for me for an EF.

[Shyster]

I have my EF in a savings account.

[mikey]

Those ETFs are quite risky, and I would not use them for your emergency fund. They’re really the opposite of where you should put that money.

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

With my ****...

Just take my advice and stop being a nimby...

Look at NTP, he's got nothing going on...I heard he sleeps in a litter box...

1. Buy ARKs
2. Profit
3. ????

[willeyeam]

Should I buy a bunch of stock exchanges now...?

I'd like to congratulate mikey for going from admittedly knowing nothing and asking if he should buy "stock exchanges" to being the board financial advisor in eleven months. Remarkable stuff

[mac5155]

Those ETFs are quite risky, and I would not use them for your emergency fund. They’re really the opposite of where you should put that money.

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

They do because they’re all equities, so they’re going to be the riskiest asset. Zero issues with them long term, but they’re not for me for an EF.

I have an EF.

This isnt it.

This is "I wanna spend this money now, but the price of the thing I wanna buy is too high"

If it kicks my spending out another 2 or 3 years but I make a few thousand then so be it.

[mikey]

[mac5155]

I'm lookin

[Lelldorin]

Out of curiosity, what is an ARK? I have 90% of my money in stocks...

On another note:
In Sweden, they launched something called Investeringssparkonto (Investment Savings Account?) 10 years ago and it still seems quite good to me. We are taxed like 2% of the value inside our account each year, regardless of what we earn. Of course, it sucks when the stock market crashes, but generally it is kind of nice to "avoid" taxes on profits and dividends.

[NTP66]

Those ETFs are quite risky, and I would not use them for your emergency fund. They’re really the opposite of where you should put that money.

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

They do because they’re all equities, so they’re going to be the riskiest asset. Zero issues with them long term, but they’re not for me for an EF.

I have an EF.

This isnt it.

This is "I wanna spend this money now, but the price of the thing I wanna buy is too high"

If it kicks my spending out another 2 or 3 years but I make a few thousand then so be it.

You made it sound like this was your EF, hence my previous posts.

[mikey]

Out of curiosity, what is an ARK? I have 90% of my money in stocks...

On another note:
In Sweden, they launched something called Investeringssparkonto (Investment Savings Account?) 10 years ago and it still seems quite good to me. We are taxed like 2% of the value inside our account each year, regardless of what we earn. Of course, it sucks when the stock market crashes, but generally it is kind of nice to "avoid" taxes on profits and dividends.

https://ark-funds.com/arkk as an example. It's an array of ETFs that won't leave you gassy and bloated...

MV ****** H,
mikey

[mac5155]

Those ETFs are quite risky, and I would not use them for your emergency fund. They’re really the opposite of where you should put that money.

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

They do because they’re all equities, so they’re going to be the riskiest asset. Zero issues with them long term, but they’re not for me for an EF.

I have an EF.

This isnt it.

This is "I wanna spend this money now, but the price of the thing I wanna buy is too high"

If it kicks my spending out another 2 or 3 years but I make a few thousand then so be it.

You made it sound like this was your EF, hence my previous posts.

Ah, sorry, no it's money I've been saving to do some home remodeling, and the time line of that remodeling has been pushed out because of the current price of lumber materials. I'm hoping they come back down.

[robbiestoupe]

Really? Even over the last 5 years they have an upwards trajectory.

How do you evaluate an ETF?

They do because they’re all equities, so they’re going to be the riskiest asset. Zero issues with them long term, but they’re not for me for an EF.

I have an EF.

This isnt it.

This is "I wanna spend this money now, but the price of the thing I wanna buy is too high"

If it kicks my spending out another 2 or 3 years but I make a few thousand then so be it.

You made it sound like this was your EF, hence my previous posts.

Ah, sorry, no it's money I've been saving to do some home remodeling, and the time line of that remodeling has been pushed out because of the current price of lumber materials. I'm hoping they come back down.

I plan to do something similar soon for future car purchases. Would rather put a decent down payment on them when the time comes.

[Lelldorin]

Thanks mikey. Perhaps I should give it a try with some pocket cash

[mikey]

I hope your pockets are full of million dollar bills and the hands of those smokeshow women you have over there...

[Morkle]

Is there any particular app or program you guys use for stocks? I WFH so much, I'd like to learn a bit about day trading.

[NTP66]

Most people I know use Robinhood or E*Trade. I've got a Vanguard brokerage account, so I use them.

[mac5155]

Robinhood for day to day stuff.

Vanguard for my set and forget.

[mikey]

Robinhood (RH) is a good starter app.

You can't make more than 3 day trades in a 5 day window without getting suspended (national rules, not RH's). Unless you keep $25,000 in your account like a baller...

Crypto does not have such nonsense regulations on it, if you want to flip around your dogecoins...

[NTP66]

@mac5155: GME has been brushing up against $50 for the last hour or so. Gonna be an interesting next week or so.

[NTP66]

You have instant buying power with Robinhood Gold if you're in a rush, though. I think it's like $5/month.

[mikey]

Honestly, if your statement is, "where do I go? I want to learn about day trading" - I really wouldn't be in a rush...I wasn't this golden child right out of the gate...I made some very dumb trades, and still do...until you have a good grasp of what you're actually doing and what it actually represents, I'd put a limit on yourself - like when you walk into a casino. You have $X. You don't go to the ATM. That's that. I'd probably do that on a duration basis until you know exactly how many consecutive days you can eat ramen noodles for breakfast...

[Morkle]

No absolutely no rush - just want to learn and start slowly. All this GME talk basically said I should start learning now.