Just think about the 10 years; then guess what you think future will look like. Research not news.. long term trends.. this is a marathon not a sprint
It could continue to melt up that high. Tom Lee is projecting 4800 by year end. I am positioned for a major correction. Typically the market doesn’t bottom during an interest rate hiking cycle until after something big breaks and subsequently they have had to cut rates a couple times on the other side. I wonder if we would have already corrected if SVB had not been bailed out?
When I say think about 10 years. I am avoiding most banks and retail stores. In 6 years Dow has almost doubled
I'm -FAR- from an investment connoisseur, as I just have a 401K at where I work. I think my account has done decent. When the market tanked in late '21 and '22 I went all in more aggressive with all my money as I wanted to buy while on sale and ride the wave up knowing it would come up. I'm up over 42% so far YTD. Here are my rate of returns.
DOW vs where I have my $$$ over the past 5 years. %? Dollars depends on balance and also includes new money, rate of return percentage is a much better way to compare. Here's 15 days.
It's shocking how many people panic during the dips and don't recognize the buying opportunity. Or even worse, the people who get out of the market all together when it's down.
I had some money April 2022 as I had to roll over a 401k from a previous employer. I bought some stock that had really depreciated at hte time, and most have done well in the last 18 months. My best one was NVIDIA at 174% AMAT is second best at 45% in 18 months Then I also did this fund which was taking a chance, but has gone up 19% I did buy a couple of dogs (they did jump up for a while, but have been down). But, hopefully in the long haul they'll at least break even. And, I invested smaller amounts in them as I knew I was taking a chance, And if I'm honest, I'm still doing better with those losses than my HOG stock has done since I bought it in 2013 (fortunately that was a small amount)
I'm a set and forget it investor. I pay a CFP to manage about half of my retirement and he's knocked it out of the park for the last number of years. I have pennies compared to some of his other clients but he always stays in touch with me and is willing to answer my questions. My 401k from work, I have it mostly invested in index funds per his recommendation. My emergency fund is parked in a Vanguard MM fund that pays 5.5% vs the <1% rate I was getting at the bank. Also have some other funds parked at Vanguard in their Windsor fund that has a cumulative return of 11.22% since 10/23/1958. One of the few recommendations that I will give people is, if you have cash, get it out of the bank and into a MM fund or a high yield savings account. Some of the high yield savings accounts are paying over 5% these days. If you do move your $$$ to one of these just make sure it's federally insured. Oh yeah, last but not least. If you don't have MFA turned on the sites that manage your money please do so. I'd also recommend not using the same password for any web site. Spend a few $$$ a year and let 1Password manage them for you.
My bank has a high yield saving account that I am making just under 5% (well, last time I checked, it might have gone up). My bank's teller actually suggested it to me a while ago and it was a very short process (basically a flip of the switch) - didn't change account numbers or the fact that it is a PUD (Pay Upon Death) or affect my automatic deposits or anything else besides I have to keep a minimum amount in there (that minimum is not very high either). The only downside is that the taxman will be taking a bigger chunk.
None of the banks in my area have this as an option. Huntington was / is offering CD’s at over 5% but I need the cash liquid in case something happens. Like you, if they did I would have jumped on it a long time ago.
