Investing Thread

[Lennys Tap]

Why?  That is an ongoing joke between us.  She married me and stayed married because of my health care benefits. I stay married to her because there are divorce attorneys at the law firm at which she works willing to work for her for free.

I get that based on your recent post history you may have to Google 'joke' and 'humor'.

Although the chain gang bit wasn't bad.

Guess you didn't get that my response was meant as a joke. Sorry that you didn't take it (or several other posts) that way.

[tower912]

I will now read it that way.

[TSmith34, Inc.]

82

Not stirring the pot one bit. I sincerely respect any thoughts that are shared by Lenny on the topic. For the record, I have a better chance on being the next HC after Shaka leaves than being considered an investing expert.

To clarify, my post was in reference was in regards to the market being in a curious space with all of the great economic numbers. I was simply saying smart guys are in before the news and out after the news. Those smart guys are the big boys and they drive the market, imo.

Perhaps. But that isn't why the market had a tepid response to stellar economic numbers.

[Goose]

TSmith

Why was there a tepid response?

[TSmith34, Inc.]

TSmith

Why was there a tepid response?

Why do you think?

[Goose]

TSmith

Huh?

[TSmith34, Inc.]

I'm asking why you think the market reacted the way that it did

[Goose]

TSmith

I have no fxxkin idea. Based off of your post I assumed you did.

[TSmith34, Inc.]

Yes, because the economic numbers were notably stronger than anticipated

[The Sultan]

Ton of factors here, is that 30-40K gross or net?  Paying all cash, mortgage?  Condition of the lake house, would the 500K wipe you out, or still have a nest egg just for lake house repairs.   Lastly what are your savings goals, S&P 500 is great long term, is real estate something you want to get into...

Also how much risk do you want to take.

[Lennys Tap]

Ton of factors here, is that 30-40K gross or net?  Paying all cash, mortgage?  Condition of the lake house, would the 500K wipe you out, or still have a nest egg just for lake house repairs.   Lastly what are your savings goals, S&P 500 is great long term, is real estate something you want to get into...

Read his post. Gross, not guaranteed.

[reinko]

Read his post. Gross, not guaranteed.

Sheesh, what crawled up your ass

[SoCalEagle]

Honest question here. If you had $500k to either invest in the s&p 500 or buy an airbnb lake house grossing 30 to 40k a year non guaranteed a year, what would you choose?

As an investment, I would put that $500K in the S&P500 (VOO) or the Total Stock Market (VTI) every time. 

Without a doubt, every time. 

[Lennys Tap]

Sheesh, what crawled up your ass

Nothing personal, reinko. Sorry if it came off that way. Seems people routinely reply to posts here without really reading the one they're replying to. Sorry for singling you out.

[Skatastrophy]

Nothing personal, reinko. Sorry if it came off that way. Seems people routinely reply to posts here without really reading the one they're replying to. Sorry for singling you out.

Why are you attacking me

[MU82]

Honest question here. If you had $500k to either invest in the s&p 500 or buy an airbnb lake house grossing 30 to 40k a year non guaranteed a year, what would you choose?

Not nearly enough information here for anybody to recommend anything.

[MU82]

82

Not stirring the pot one bit. I sincerely respect any thoughts that are shared by Lenny on the topic. For the record, I have a better chance on being the next HC after Shaka leaves than being considered an investing expert.

To clarify, my post was in reference was in regards to the market being in a curious space with all of the great economic numbers. I was simply saying smart guys are in before the news and out after the news. Those smart guys are the big boys and they drive the market, imo.

OK, thanks for clarifying. Have a good one.

[MU82]

[SoCalEagle]

Also, GDP is the strongest of the industrialized world, while inflation is the lowest. 

[MU82]

Boeing (BA) down 9%+ at the open. I thought it might be even worse.

[TSmith34, Inc.]

I'd really like to buy some COST...if it's PE were half of what it is.

I know it always has a high PE, but 45x, just can't do it.

[MU82]

I'd really like to buy some COST...if it's PE were half of what it is.

I know it always has a high PE, but 45x, just can't do it.

I always want more COST. But I am not always willing to pay for it!

Good luck waiting for that 22.5 PE ratio!!!

[jesmu84]

https://twitter.com/stlouisfed/status/1745264320064127100?t=cjBESRXWy6guN9IPzCbRkQ&s=19

As measured by debt delinquency, the share of Americans experiencing financial distress rose in 2023. With credit card debt, the distress has returned to a level seen during the Great Recession

[rocket surgeon]

i think people have trouble adjusting their spending habits.  when things are good, they buy boats, cars, and "things"  when things are bad, they struggle to live within their means and don't want to get rid of their boats, cars and "things" until they are faced with problems, divorce, substance abuses, etc.

many do not have a "rainy day fund"  or a plan B

      some try to get by on paying the bills with their CC's  and taking the hit on their 401's, figuring as soon as we get out of this, they'll pay it off or pay it back...as opposed to not buying the boats and cars and "things"  unfortunately, we live in a keeping up with the jones's world while all the jones's are under water too

[The Sultan]

I think it's the boats and cars but a bigger issue is the unplanned expenses - medical emergency, car repairs, etc. I also think the cost of housing in places where the best jobs are concentrated is getting to be a huge issue. Even in places that were considered "more affordable" twenty years ago seem to be getting less so.

I do think people do a poor job at financial planning overall though.