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Dow UP over 1300 point pretrade and now opens just as big.

ScrambledEggs said:
I'm still taken aback by how much some people pay in fees, even for some target retire funds. I understand not everyone wants to learn about investing, but if you're gonna shop around and research TVs on a $500 budget, maybe you should take your $100ks of retirement $$$ a bit more seriously?

Ex: a $1mil portfolio with a target fund charging just 50 basis points, you can self rebalance yourself with separate funds, some as low as 2-3 basis points. You'd be saving yourself almost $5k a year for 30 minutes of work in the 1st business day of January.

And then I'm sure there's people still riding really old active funds, or just advisors playing around, charging 1-2% in fees. That shit should be criminal.
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Yeah I remember reading about some of those funds charging front loads of 5.75% and 1.5% expense ratio. Criminal.

If a person wants to get raped you can always walk into an Edward Jones.
 
dobieg said:
Yeah I remember reading about some of those funds charging front loads of 5.75% and 1.5% expense ratio. Criminal.

If a person wants to get raped you can always walk into an Edward Jones.
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It makes my blood boil. Thieves. And people think their car mechanic is who they should worry about.
 
Ahlevah said:
If the funds are invested in low-cost ETFs or mutual funds that track an index like the S&P 500, something like Vanguard’s VOO, it should track pretty closely. Management fees would be minimal.
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VOO charges a .03% fee and pays a 1.3% dividend. About as good as you can get for index investing. VTI, SPY similar.
 
dobieg said:
VOO charges a .03% fee and pays a 1.3% dividend. About as good as you can get for index investing. VTI, SPY similar.
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In other words, less than a third of a cent per dollar. That’s about as close to free as you’re going to get.

I think one reason people don’t keep up is they panic and pull out. That’s probably because before everything went to crap they didn’t properly assess their risk tolerance or circumstances. They lied to themselves, convinced they would always “stay the course” and “buy the dip.” If we look at fund inflows, it’s clear “buy the dip” is fading among retail investors. They’re turning into net sellers. And who can blame them? It’s a numbing experience to see your life savings melt before your eyes by hundreds, thousands, or even tens of thousands of dollars week after week for months on end. Many people don’t have the fortitude to do that. By the time they conclude the coast clear and it’s safe to reenter the market, they’re behind, assuming they’re not completely disgusted with stocks by then.
 
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Ahlevah said:
In other words, less than a third of a cent per dollar. That’s about as close to free as you’re going to get.
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Fidelity has proprietary mutual funds (ex: FZROX) that are zero fees, US stock, bond and international. Catch is you cant transfer them to other brokerages. Plus what you save in fees you probably lose via random tracking errors/differences to their total market counterparts. Its pretty much just a loss leader to get you in the door.

Same point though, there's really no reason from a purely financial perspective to pay more than 10bp in fees for funds anymore.
 
Dow now down 461 points in after-hours trading. S&P as well as Nadaq just as bad. Republicans better impeach him and convict him. He's a madman on steroids. Get the ****er out of our lives.
 
The Hairy Fiddler said:
Dow now down 461 points in after-hours trading. S&P as well as Nadaq just as bad. Republicans better impeach him and convict him. He's a madman on steroids. Get the ****er out of our lives.
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Ten minutes later, Dow is now down 568 points. The Nasdaq and S&P are doing even worse.
 
dairyair said:
JOW, Biden had an up trending stock market and economy.
Now we have a down trend market and perhaps the economy as well. We've been due for a recession. Haven't had one since Bush II housing bubble burst in 08.
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We sort of had a recession in 2020. But Trump showed us how to easily fix it by throwing $3Trillion of untargeted money at it in checks with his name on them. The name was so important that the checks were delayed weeks to make sure it could be added.

So when we go into recession very shortly (probably already there) will Trump dump another few $trillions into the economy, or because this isn't an election year, will he just carry on trashing the economy to amuse his own ego?
 
The Hairy Fiddler said:
Dow now down 461 points in after-hours trading. S&P as well as Nadaq just as bad. Republicans better impeach him and convict him. He's a madman on steroids. Get the ****er out of our lives.
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Dow now down 708 points with no end in sight.
 
Stock futures down, 10-year treasury bond yield is increasing very rapidly. It's going to be a tough day tomorrow.

**** Trump.
 
Ishm said:
We sort of had a recession in 2020. But Trump showed us how to easily fix it by throwing $3Trillion of untargeted money at it in checks with his name on them. The name was so important that the checks were delayed weeks to make sure it could be added.

So when we go into recession very shortly (probably already there) will Trump dump another few $trillions into the economy, or because this isn't an election year, will he just carry on trashing the economy to amuse his own ego?
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If only I were a creature that could derive nourishment and contentment off of hypocrisy and irony, I could watch such a thing and eat my fill from watching the party that lectured me about fiscal responsibility for decades do such things over and over again.
 
W_Heisenberg said:
Trump isn't changing anything. He's claiming victories by lying about what other countries are doing, making some outrageous demands, then bargaining back to the status quo. It's all smoke and mirrors intended to trick his supporters into believing he's some dealmaker. And it works because his supporters actually believe he is the successful person he pretended to be on The Apprentice. The goofy tariff rates he made up out of thin air based on bogus math on "Liberation Day" are a good example of that, and if we're lucky, and we don't start a trade war with every country in the planet, we'll end up going right back to the status quo and give Trump a few positive headlines in the process.

Trump is a fraudster, a conman, a huckster, and he certainly found his mark with you.
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Where have we gone back to the "status quo"?
 
exoplanet said:
Looks like the market found a bottom for now. I'm betting it's not going to recover anytime soon though.
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Since Trump does not know the % of foreign parts that go int to things built in America it goes to show his IQ is NA. As far as jobs and new facilities for work it will take a decade at best to do it and he will be dead and so will be millions that voted for his shit.
 
Looking like we'll be touching sp500 Dec 2021 peak tomorrow of ~4750. That should be a natural technical support. Next stop 4000. The algos run teh marketz
 
SNOWFLAKE said:
Never mind about the Right being butthurt that this has blown up in their face........

Me too, I can remember when a lot of things happened. How far back in time do you want to go in order to avoid about talking about today? :unsure:
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I have numerous posts talking about the stupidity of trumps tariffs so there is absolutely nothing blowing up in my face.

So you are back to not liking what any arguments. It’s hard to keep track because you switch back and forth between making what about arguments and complaining about them.

Pointing out blatant hypocrisy is always a worthwhile task. Even if that makes you look like a hypocrite. You could always just try not being hypocritical.
 
poweRob said:
Funny. Because I remember the market crashing under trump back then too. Same shit, different day.
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Yeah trump is an idiot and his policies are mostly idiotic.
Still didn’t change the blatant hypocrisy from you and your fellow leftists.
 
braindrain said:
What’s ironic is that I can remember when the market was doing well during trumps last term it’s was the left that was whining that Wall Street is not Main Street and the market being up was not today but a deal to the economy.

But I am sure that was very different right?
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Main street is pretty screwed right now.
 
rhinefire said:
The market, the market, the market is not important to the individual investor. What is important is how savvy the investor is. Is the investor aggressive or conservative? Is the investor heavy into the AI world or diversified across the spectrum? How old is the investor? Is the investor firmly planted in the investments or panicky at the first tremor? How much risk is acceptable to the investor? And so on and so on.
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If that investor has a 401k who mainly deals in mutual funds...it sure as shit is important to them.
 
dobieg said:
If you have cash on the sidelines, this is exciting. If you don't this is depressing as hell.
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If I was a millionaire this would be exciting but I’m not so it’s a lot of scary. Work is talking cuts now so that’s always awesome.
 
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