DOW 20k!!! - the investing thread

Its still liquid, you just lose the interest (as I understand it)

 

People might be buying when prices are relatively low in anticipation of a rally in January 2025.

 

I knew that would draw some “ire”.

 

Santa Claus Rally: What It Is and Means for Investors

 

you can also lose some principal if the penalty exceeds interest earned.

 

Yep. Quote below that spells out the terms of any early withdrawal

During your CD term, it’s possible to transfer the interest you earn from a CD account into a checking account that you have Huntington Bank. If you attempt to remove any of your principal, you will pay an early withdrawal penalty. For CD terms of 12 months or less, the penalty is 1% of your principal. For CD terms between 13 months and 24 months, the penalty is 2% of your principal. If your CD term is longer than 25 months, you will pay an early withdrawal penalty worth 3% of your principal.

Huntington National Bank CD Rates | SmartAsset.com.

No thanks. I’ll keep my money in a MM account.

 

Dow 37,090!!!!


Congrats!

 

Trade question, full admission I am not great at this stuff.

We have an Etrade account for my wife, small IRA for retirement we contribute monthly to it. I check it from time to time, pulls from our checking monthly, set to re-invest into the fund we've selected, pretty straightforward.

I log on today and see I have a few bucks in some sort of account under "Cash Purchasing Power"? What the hey is that and why isn't it just going back into my fund?

Apologies in advance, again a complete novice!

 

Maybe I've answered my own question, looks like as of Sept of last year Morgan Stanley bought etrade? And account numbers and what not all changed, perhaps it's not auto reinvesting the dividends and it's just building up in that account?

 

OMG, my HOG (Harley Davidson) is finally not in the red. I think I've had it for 10+ years. Well, the 20 shares I have in one account is in the black, the few shares in the other account are still in the red, but by the least I've ever seen it. Fortunately it is only 0.68% of my holdings so I've kept letting it ride. I put in an order to sell those 20.

 

Wanted to ask a novice question for some of you investing guru's.

For example there is a fund FXAIX it's a Fidelity 500 Index fund, it tracks the the S&P500, yet it's traded in the Nasdaq why not the S&P 500? Again complete novice question just trying to ed u macate myself as I dream of retirement one day, lol!!

Fidelity 500 Index Fund (FXAIX) Stock Price, News, Quote & History - Yahoo Finance

 

I am NOT a guru, but I have some $$$ in this fund. It has a VERY low expense ratio, which gets to be even more important if you have larger balances.

 

Agreed! It's a good fund, I am just trying to understand it all more. I'd been following it and following the S&P500 only to learn one day it was traded in Nasdaq, LMAO I know there is a connection/correlation there but trying to understand without hurting myself.

 

I've always heard them coined as a "S&P 500 tracking fund" or as a S&P 500 ETF. The article that I linked explains the difference. Since the fund tracks an index fund that's how they can keep the expense ratio low. When you get a fund that's managed by a person that's when the expense ratios generally go up.

As I understand it, the fund you are in is not traded on Nasdaq etc. The fund essentially mirrors the S&P500. If the S&P 500 has 500k shares ( example ) of MSFT then the tracking fund you are in will have the same equivalent.

 

The S&P 500 is not a stock exchange like the Nasdaq, it is the combined valuation of a group of 500 large companies tracked by Standard & Poor's. Dow Jones, Russel 2000, etc are other indexes that track specific groups of companies.

NYSE and Nasdaq are the exchanges were the ownership of stocks change hands...they are basically big auction houses for equities(stocks)...and when a company chooses to go public they pick one or the other to sell equity in their business.[/QUOTE]

 

You guys are awesome, thank you so much for this info and understanding of it. Make a bit more sense to me now!

 

Looks like markets are crashing in anticipation of a kamala presidency and possibility of wwiii

 

The markets gained some of the losses back today.

 

Yea but it's still a hard pill to swallow when you lose 20k+ over night and your thinking about retiring. Ugh.

 

wife and I were down 22k at one point
it always comes back