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Millennials need to stop killing the economy imho
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Jul 13, 2018 14:48
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FAUXTON posted:lol at betting on a recovery at that point eh it recovered after 2008 and that was like a 38% drop from prior high to the bottom of the slide
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Jul 13, 2018 16:08
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BEHOLD: MY CAPE posted:But if you aren't really trying to time the market and you happen to be presented with the chance to buy while the S&P 500 is at -7000 then that's a good opportunity so.... which you should also have executed had the S&P 500 been at par or plus/minus X
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Jul 13, 2018 16:09
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I've quit drinking and now my biggest non-essential expense is coffee shops where I'm often working remotely! Baby steps 
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Jul 13, 2018 17:07
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KYOON GRIFFEY JR posted:son you seem to fundamentally misunderstand your position in the market Forever? Eventually I want poo poo to be insanely overpriced and exit the market
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Jul 13, 2018 18:16
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KYOON GRIFFEY JR posted:also don't time the market True but if the Dow went to 10,000 I would buy a bunch. I would not be looking at the money for 20 years at least so I think it would be worth it. Maybe that is technically timing things but I am also still buying every month at the moment. FAUXTON posted:lol at betting on a recovery at that point I can't see why it wouldn't. the government will not let civilization crash. people will invest since they think they can make a bunch of money.
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Jul 13, 2018 23:01
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This Time It Would Be Different
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Jul 13, 2018 23:03
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GoGoGadgetChris posted:This Time It Would Be Different If the Dow shed two thirds of its value at a time when monetary policy doesn't have many remaining ways to stop deflationary spirals that aren't already in heavy use yeah that would be different, especially with a government hostile to countercyclical spending (or spending of any kind) as a moral hazard.
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Jul 13, 2018 23:20
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lol oh wait you're serious LOL
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Jul 13, 2018 23:24
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"The End of Growth." OK, so what are you going to do differently?
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Jul 15, 2018 22:24
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EAT FASTER!!!!!! posted:"The End of Growth." Invest in the successor companies afterwards as opposed to the predecessors before?
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Jul 15, 2018 22:31
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FAUXTON posted:Invest in the successor companies afterwards as opposed to the predecessors before? You're going to sideline your money for long enough for every business to fail and be replaced?
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Jul 15, 2018 22:57
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EAT FASTER!!!!!! posted:You're going to sideline your money for long enough for every business to fail and be replaced? If everyone is rushing to put their money in the lowest-risk assets possible I'm sure as hell not going to just buy stocks with it right away.
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Jul 15, 2018 22:59
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FAUXTON posted:Invest in the successor companies afterwards as opposed to the predecessors before?
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Jul 16, 2018 00:43
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Hoodwinker posted:Sooo, still the index? Because if the successor companies are so successful... they'll become the new market, and the index will still be the best thing to invest in. I'm starting to realize that people don't know the definition of an index fund includes all the companies that match the requirement of the index. It's not some random sample group. So when a company no longer meets the metrics for the S&P 500, it's replaced by the next one up. But hey, some people are hardcore DIYers I guess.
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Jul 16, 2018 02:19
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Hoodwinker posted:Sooo, still the index? Because if the successor companies are so successful... they'll become the new market, and the index will still be the best thing to invest in. if this index is trying to track a Dow that's off 60% from a month earlier I'm saying I'll stay away from risk a little while longer and wait until, like, treasuries stop being priced in barter or what have you.
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Jul 16, 2018 02:48
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FAUXTON posted:if this index is trying to track a Dow that's off 60% from a month earlier I'm saying I'll stay away from risk a little while longer and wait until, like, treasuries stop being priced in barter or what have you.
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Jul 16, 2018 03:19
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Hoodwinker posted:The DJIA only covers 30 companies. People usually invest in the S&P 500 or the Russell 5000. VTSMX, Vanguard's total market index fund, is 3,628 companies. Additionally, the DJIA is price-weighted instead of capitalization-weighted. It's a terrible index to be tracking against. I don't know if you meant to use it for your example specifically or you were just making an example of when an index is down, but the DJIA is a bad example. If the total market is down 60%, your best bet is still to invest in it all the way through because otherwise you're either trying to guess the bottom (and you'll probably do it wrong) or you're trying to guess which of the 3,628 companies is going to be the Next Big Thing (and you'll probably be wrong). This is what I initially started responding to: BEHOLD: MY CAPE posted:But if you aren't really trying to time the market and you happen to be presented with the chance to buy while the S&P 500 is at -7000 then that's a good opportunity so.... And then someone else talked about buying "a bunch" if the Dow fell to 10k. I'd be all the way in preservation mode at that point with either of those two scenarios, I'm not sure where everyone else was coming from because those are insanely dire numbers and presumably indicative of something more wide-ranging than business cycles.
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Jul 16, 2018 04:04
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FAUXTON posted:This is what I initially started responding to:
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Jul 16, 2018 14:09
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The dow lost nearly half its value between Q4 2007 and Q1 2009 and that certainly did not lead to money not mattering anymore
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Jul 16, 2018 14:30
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KYOON GRIFFEY JR posted:The dow lost nearly half its value between Q4 2007 and Q1 2009 and that certainly did not lead to money not mattering anymore
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Jul 16, 2018 14:39
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Hoodwinker posted:I guess I was referring more to the S&P 500 somehow reaching the unreachable number of -7000. Either the market takes a dump (which it has done before) and it absolutely is covered under the banner of "market cycles" or it craters and money doesn't matter anymore. oh yeah, OK - I agree for sure!
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Jul 16, 2018 15:00
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Hoodwinker posted:If that happens, money doesn't matter anymore then. Hence "good luck betting on a recovery at that point."
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Jul 16, 2018 15:09
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Yeah we'll be fine unless This Time It's Different
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Jul 16, 2018 16:06
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Who can claim the most shameful salary/price of car ratio in here? I'm about to make an offer on a car that's 70% of my annual income and can already feel the remorse 
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Jul 18, 2018 02:28
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GoGoGadgetChris posted:Who can claim the most shameful salary/price of car ratio in here? I'm about to make an offer on a car that's 70% of my annual income and can already feel the remorse You picking up a brand new sweet Mitsubishi Mirage?
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Jul 18, 2018 02:36
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Lookit Mr Monopoly over here with his "BRAND NEW Car" suggestion
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Jul 18, 2018 02:50
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GoGoGadgetChris posted:Who can claim the most shameful salary/price of car ratio in here? I'm about to make an offer on a car that's 70% of my annual income and can already feel the remorse I have a car that's too expensive but it's nothing like that. Why are you doing that?
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Jul 18, 2018 03:10
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No Butt Stuff posted:I have a car that's too expensive but it's nothing like that. Tell me more! How too expensive? How'd you end up with it? For me, it's dumb Industry Pressure (commercial real estate). Your income is sadly influenced by what kind of car you arrive on inspections in. And what you wear. And what restaurants you dine your clients at. But food and clothes are less interesting to talk about than things that go vroom
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Jul 18, 2018 03:15
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I drive a big dumb 30k truck and make around 100k. I did this because I grew up in a stupid farm town and despite moving to the city I've convinced myself it's not worth having to rent a truck from home depot the 4 times a year I use it. I also let me children have pizza at school.
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Jul 18, 2018 03:34
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my (2nd lol guillotine) car was not that expensive at a mere 7% of annual salary but it is overly expensive and a huge maintenance pig! at one point i did have a car that was about 60% of my annual salary when I had a real honest to God full time job. But it was leased taking advantage of super awesome residuals and cap rates in 2010, so i think it might have been GWM?
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Jul 18, 2018 12:30
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GoGoGadgetChris posted:Tell me more! How too expensive? How'd you end up with it? So you had to buy a used Bentley because a two to three year off lease used Mercedes or something wasn't going to do the trick of impressing your clients enough lol I bought a car that was 120% of my salary, although less than my overall income from all sources, but then about 6 months later my income quintupled. In retrospect I would have waited but it turned out okay and I got 2% used financing from a credit union BEHOLD: MY CAPE fucked around with this message at 14:27 on Jul 18, 2018 |
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Jul 18, 2018 14:24
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Gotta spend all your money to make some money 
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Jul 18, 2018 14:27
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GoGoGadgetChris posted:Tell me more! How too expensive? How'd you end up with it? at the risk of starting Car Chat what are you getting
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Jul 18, 2018 15:11
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E: wrong thread I paid $10 to post in the wrong thread and that’s GWM.
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Jul 18, 2018 15:12
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GoGoGadgetChris posted:For me, it's dumb Industry Pressure (commercial real estate). Your income is sadly influenced by what kind of car you arrive on inspections in. What qualifies as flashy in (I’m assuming) urban commercial real estate? Bentley, Alfa Romeo? Okay car chat has been started so this is a cross post from the goals thread as I failed my don’t buy a car challenge (S5)  Now I don’t mind dropping the kids off at daycare taking the winding, hilly country roads! Donated the Acura to my brother, so at least he has a functional car too.
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Jul 18, 2018 15:23
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Cars are the stupidest loving way to spend money.
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Jul 18, 2018 16:00
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BWM: giving a car away GWM: receiving a donated care. It balances out the universe.
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Jul 18, 2018 16:02
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EAT FASTER!!!!!! posted:Cars are the stupidest loving way to spend money. also the most fun but i can imagine being gun shy after you dropped like a trillion dollars on an xc-90 
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Jul 18, 2018 16:09
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KYOON GRIFFEY JR posted:also the most fun lol, and that was only 14% of our annual salary. I really do love that car, though.
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Jul 18, 2018 16:40
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