What's new

Stocks, Investing and Retirement Accounts

You won't make money with a doom and gloom attitude. If you don't believe your money will grow years down the line from money invested in the market today, there is no point to it for you. And that's ok. There are other things to invest in though. Find what what you like.
I know that, but pretend you're just starting out and are a new investor, or wanting to get into it. You are not a young guy and don't have time to wait out the market. Let's say we will split it and are 40 years old. If you pulled the market ups and downs for the last 2 years, would you have made any money from let's say January of last year, till today's date? 

The only reason is I see a lot of guys on forums just starting out saying they are not making anything in today's market. I know there are so many variables here based off what companies are investing your money in and their fees as well. 

I just know that the last Edward Jones guy that we had to come in for a visit said if you're 45+ years old it's too late to plan retirement now with the market were in. Those were his words. 

 
I know that, but pretend you're just starting out and are a new investor, or wanting to get into it. You are not a young guy and don't have time to wait out the market. Let's say we will split it and are 40 years old. If you pulled the market ups and downs for the last 2 years, would you have made any money from let's say January of last year, till today's date? 

The only reason is I see a lot of guys on forums just starting out saying they are not making anything in today's market. I know there are so many variables here based off what companies are investing your money in and their fees as well. 

I just know that the last Edward Jones guy that we had to come in for a visit said if you're 45+ years old it's too late to plan retirement now with the market were in. Those were his words. 
There is a reason why Edward Jones has a bad reputation haha. You need to realize that people are living longer and longer. 40'ish years old is nothing.

 
Hell of a day boys!

200.gif


 
Market doing awesome!

But on a serious note, there has been a lot of talk lately with similar thoughts like mine that the market is in a period of market manipulation right now, so that the 'Elites' can safely exit before the big crash incoming. Plus, if you think about it, the last month really doesn't make sense, I mean we have banks failing around us and people act like this is ok. It's not.

 
Market doing awesome!

But on a serious note, there has been a lot of talk lately with similar thoughts like mine that the market is in a period of market manipulation right now, so that the 'Elites' can safely exit before the big crash incoming. Plus, if you think about it, the last month really doesn't make sense, I mean we have banks failing around us and people act like this is ok. It's not.
Well like I have said countless times, it's just not a great environment for stocks right now. Fed is still hammering rates. And if Powell and company is truly hell bent on bringing inflation back down to 2%, stocks will likely be down for awhile. Not rocket science. And yeah, some banks blow up. That's not out of the ordinary. Happens fairly often, you are just hearing about it more now. Social media amplifies everything, which I guess can be good for educational purposes but not good if you are the paranoid type.

 
For every action there is an opposite or equal reaction... not everyone can profit. For every buyer, there must be a seller. Every winner, there is a loser.  This isn't going to revolutionize anything, it will influence the prices since people will buy what AI tells them to no matter what. 

 
Also this will only benefit early adopters. After so long, the market will be adopted or structured around these modelings if it takes hold permanently. 

 
It has been mentioned here before I think but the next thing around the corner to worry about regarding stocks and a host of other things will be the debt ceiling. The clock is ticking. The last time we had the debt ceiling debacle (2011) the S&P fell 17%. Always something 🙃

 
I hope it defaults myself. As much as it would suck this country needs it. It needs to be taught a lesson.

 
42 minutes ago, nodle said:

I have been wondering this same thing. It will be crazy.

This is a prime example of kicking the can down the road.  There is this big bloating problem that just keeps getting worse and the solution given is to keep kicking that can, put it onto the next.  Our problem is so big that when a one thing like this can crash the market says it all, there is not much backing, so really a major correction that needs to happen more frequently so it doesn't affect things as much.

 
I am getting pretty serious about pulling maybe 80% of my money out before we default. People's faith in our government will go if our own Government can't pay their bills then why should we? You always hope that they will reach a deal by the end, but this time neither party seems to want to budge. Looks like June 1st is the date, so might do it towards the end of the week. Worse comes to worse I will toss back in if everything works out. Because if it doesn't you can be it's going to crash and everyone is going to think just like me and yank out at the same time causing the crash to happen even faster.

 
Back
Top