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Whelp the Job reports were Amazing

Hoppo

Elite
Founder
Joined
Jan 12, 2021
Messages
570
We should never find a bad jobs report surprising when there is a job-killer in the Oval Office.
 

Npklee

Elite
Joined
Jan 8, 2021
Messages
204
Retirement account got shredded in 08, told him I don't care about gains put me in something with low risk low yields for the rest of the year.

No bullshit there is zero reason to not put some into GBTC. We are going to print another $2T for stimulus. Inflation is coming and BTC is going to $100-220k in the next 6-12 months.
 

tiderollsonu

A man from Nantucket
Founder
Patron
Joined
Jan 9, 2021
Messages
4,346
No bullshit there is zero reason to not put some into GBTC. We are going to print another $2T for stimulus. Inflation is coming and BTC is going to $100-220k in the next 6-12 months.

Probably a good reason I will never be rich

but I will never be broke either
 

Zgdaf

Elite
Founder
Patron
Joined
Jan 9, 2021
Messages
830
No bullshit there is zero reason to not put some into GBTC. We are going to print another $2T for stimulus. Inflation is coming and BTC is going to $100-220k in the next 6-12 months.
GTBC is all kinds of crazy when you see the advantage institution investors have. This is why I also have some arkw.
MARA is another crypto play from an IRA.
In the end your right to have some allocated.
 

Rusty Student

Elite
Founder
Patron
Joined
Jan 8, 2021
Messages
926
Need some advice. I’m 30 and have about 300k in my Roth + 401k. How quickly should I sell my retirement funds and move into my money market account for the time being?

The market scares the hell out of me now and I really want to avoid taking a huge haircut. I’ve been thinking about it for weeks but haven’t pulled the trigger yet.
 

UNC71-00

Elite
Founder
Joined
Jan 8, 2021
Messages
1,431
Need some advice. I’m 30 and have about 300k in my Roth + 401k. How quickly should I sell my retirement funds and move into my money market account for the time being?

The market scares the hell out of me now and I really want to avoid taking a huge haircut. I’ve been thinking about it for weeks but haven’t pulled the trigger yet.

If you are 30 you can weather almost any downturn in the markets.

If you really want to maximize your investments, get good at real estate
 

Croot_Overlord

John
Administrator
Founder
Platinum
Joined
Dec 1, 2020
Messages
10,721
Need some advice. I’m 30 and have about 300k in my Roth + 401k. How quickly should I sell my retirement funds and move into my money market account for the time being?

The market scares the hell out of me now and I really want to avoid taking a huge haircut.
The general public is in a really bad spot right now. If you go all money market you are gonna get destroyed by inflation. If you go all stonks you risk devastation when the bubble pops. Best plan I can come up with is to go something like 60% stocks / 40% bonds and just ride it out. If the market takes a 10-20% dump rebalance. If we have another massive fall (50%ish) shift to 90%/10% stocks to bonds.

This is the best way I’ve come up with to play it somewhat safe without potentially being wrecked by inflation.

Edit: and if you feel confused and don’t know what you are doing, go find a financial planner based on recs from friends and family
 

Rusty Student

Elite
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Patron
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Jan 8, 2021
Messages
926
If you are 30 you can weather almost any downturn in the markets.

If you really want to maximize your investments, get good at real estate
I’m planning on getting into rental real estate in a few years. Would it be a bad idea to sell and potentially buy back if/when the market tanks?

It just seems to me that I have way more downside to protect then potential upside.

Maybe I am overreacting.
 

Rusty Student

Elite
Founder
Patron
Joined
Jan 8, 2021
Messages
926
The general public is in a really bad spot right now. If you go all money market you are gonna get destroyed by inflation. If you go all stonks you risk devastation when the bubble pops. Best plan I can come up with is to go something like 60% stocks / 40% bonds and just ride it out. If the market takes a 10-20% dump rebalance. If we have another massive fall (50%ish) shift to 90%/10% stocks to bonds.

This is the best way I’ve come up with to play it somewhat safe without potentially being wrecked by inflation.

Edit: and if you feel confused and don’t know what you are doing, go find a financial planner based on recs from friends and family
Great insight, thank you. If the market takes a 10-20% dump, what would you rebalance into if in a 60/40 fund?
 

UNC71-00

Elite
Founder
Joined
Jan 8, 2021
Messages
1,431
I’m planning on getting into rental real estate in a few years. Would it be a bad idea to sell and potentially buy back if/when the market tanks?

It just seems to me that I have way more downside to protect then potential upside.

Maybe I am overreacting.

There are far many more people who have been burned trying to time the market vs those who just invest in index funds and forget about it.

If you really want to see for yourself, look at the S&P 500 chart from the last 30 years. However advice would be different if you were retiring soon.
 

Croot_Overlord

John
Administrator
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Platinum
Joined
Dec 1, 2020
Messages
10,721
Great insight, thank you. If the market takes a 10-20% dump, what would you rebalance into if in a 60/40 fund?
If you’re in something that is dedicated 60/40 then it will handle it for you. To make things simple what I’ve done is moved to a Target Retirement 2025 fund - gives you roughly 60/40
 

Rusty Student

Elite
Founder
Patron
Joined
Jan 8, 2021
Messages
926
There are far many more people who have been burned trying to time the market vs those who just invest in index funds and forget about it.

If you really want to see for yourself, look at the S&P 500 chart from the last 30 years. However advice would be different if you were retiring soon.
Totally agree and it’s against my normal logic. A collapse just seems imminent.
 

America 1st

The best poster on the board! Trumps lover! 🇺🇸
Founder
Patron
Joined
Jan 7, 2021
Messages
16,098
Totally agree and it’s against my normal logic. A collapse just seems imminent.
Just went to a 10 ladder today because that shit is coming down.

There is no way all this optimism hold.

Crypto, printing money, job killing, wuhan charlie, and ending energy is going to be a dangerous combo.

I don't see how it's not a play for them to bump the rates once the inflation takes hold (exactly like what they want).

This coming collapse has cabal written all over it.
 

BigBucnNole

Elite
Joined
Jan 15, 2021
Messages
1,970
I have not followed it, was this expected? That is a shit ton of jobs.

Yes. I predicted it anyway when employer confidence collapsed. Employment is basically the coming together of employer and consumer sentiment. When covid hit consumer sentiment collapsed leading to huge numbers in unemployment. Employers and establishment owners were relatively optimistic in the early days because of panic buying and no one was quite sure what covid was. Lockdowns took place and that more or less wore down employers. Consumer demand picked up on the flipside, and kept employment in place through the fall and into winter. But by that point cash flow running short, it more or less killed employment as establishments can't really afford one way or the other to keep employment in place. Regardless of customers lined up at the door.
 

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