OT - Money / Investing Thread (aka financial no stupid questions)

[MikeDeTiger]

Ironically, passing their gas (and oil) is precisely what we need everyone to do.  

[847badgerfan]

Someone is awake.

[Cincydawg]

I think if you're under 50 or so, being tech heavy is "OK".  I'm not, obviously.  I try and maintain some balance, but it requires more attention than I often have.

That has been fine for me up until now.  

The funds I expect to tap in ten plus years is more aggressively invested.  

TFLO is an interesting kind of ETF investing in Treasuries with a decent return, meaning 4%.

If you are 2-3-4-5 years from expected retirement, I'd go hard conservative now, especially if you are under 60.  You'll need to cover health insurance until you're 65.  My cost for that went WAY down with Medicare.  WAY.  We're amidst our prime travel years now, I appreciate in a few more we physically won't feel like long trips.  

[utee94]

I'm probably 10 years away from retirement, I'll be working up until 65.  Kids should be out of college (undergrad) in 6-7 years.  

[FearlessF]

I've always been pretty conservative so if I retire in 2 years, I'm in a good spot today and hopefully will be then

[MikeDeTiger]

If you are 2-3-4-5 years from expected retirement, I'd go hard conservative now, especially if you are under 60.  You'll need to cover health insurance until you're 65.  My cost for that went WAY down with Medicare.  WAY.  We're amidst our prime travel years now, I appreciate in a few more we physically won't feel like long trips. 

That reminds me....PSA: everybody remember to switch to Medicare as soon as you turn 65.  There can be major penalties that are permanent for waiting.  I know seniors who have been slow about it and it puts them in a pickle.  

[FearlessF]

oh, I'm ready!

[Cincydawg]

Yes, signing up for Medicare is VERY important.  You can of course delay SS longer, but not Medicare.  

I keep seeing these social media sites claiming somee magic pill for converting to a Roth nearly tax free, but I am pretty sure they are scams to collect your personal information.  

Doctor gave me a pll and I grew a new kidney!!!!

[betarhoalphadelta]

One thing that "amuses" me is how one can read five stories that are major gloom and doom, and five more that are skies the limit.

I'm trimming some today mostly to rebalance.  My "tech" stocks keep outrunning the rest and getting me over loaded.

I understand trimming to rebalance, given how much of my net worth is in two stocks.

However I'm not being rash and doing it quickly. If I'd started trimming a few months ago when I first started talking about it, I'd have missed some pretty big continued gains as these stocks continue to run. 

[Cincydawg]

Yeah, I think you are too young to worry about it that much.  I'm not.

[betarhoalphadelta]

Yeah, I think you are too young to worry about it that much.  I'm not.

Nah, I still need to rebalance/diversify. I'm WAY too concentrated.

My point was if you've got strong runners, and they're hitting higher concentration because of share price appreciation, it's a good problem to have lol. If you're thinking they will continue to run you can build in rebalancing to limit risk with things like stop losses or defined trailing stop losses rather than just selling. That way you can still participate if the upside keeps going up. 

[betarhoalphadelta]

I'm probably 10 years away from retirement, I'll be working up until 65.  Kids should be out of college (undergrad) in 6-7 years. 

My target right now is age 56, or 2035. That will be when the youngest should be done with college. 

That assumes--which is probably a bad assumption, returns somewhere in the range of market average (~10%) over that time. With that, my portfolio value would double within 9 years. That would be within range of the right number considering a 4% or lower annual withdrawal rate. 

[MikeDeTiger]

Doctor gave me a pll and I grew a new kidney!!!!

How silly.  Everybody knows a pill can't make you grow a kidney.  

Only Essential Oils can do that, and it needs to be one of the right brands.  See your local Essential Oil dealer/cultist.  

[Cincydawg]

In my experience, stocks that run up to the point of being "over valued" continue to run up longer than I had expected.  

If you can stop loss and/or buy puts on runners, and let them run, it can work out for you, obviously.