2021 Investment Thread

[scootergmc]

Why do you think an age based fund can miss out on growth? Bond allocation too large towards the target date?

Yes, that's an example, but assumptions are different for everyone. Imagine missing out on the last 5 years of aggressive/large growth with a kid starting college this year, but it's different for everyone. Time horizons, contributions over time, etc. If I had to do it over again, I would've lump sum'd when they were your kid's age in an age-based, rather than DCA starting later on. There are other reasons for this too, as the funds can be used for all sorts of educational purposes (not college) while in high school, etc. Your kid wants to get a pilot's license? 529. College classes while in high school? 529. Computers? 529. Kid doesn't use it? Change the beneficiary. There are lots of things to consider, but it isn't rocket science. The sooner you start, no matter, the better you'll be.

 

[scootergmc]

I’ve been reading up on bitcoin. Interesting. I am thinking of investing.

The bitcoin thread is worth a read. There were a few Barfers that sold in ‘17. Damn! But hey, hindsight. 20/20...

Fomo every day.

 

[lizard]

Fomo every day.

Absolutely.

Edit: I follow one of Peter Lynch’s philosophies, invest in market leaders. So with that philosophy, BTC is cryptocurrency market leader. Hence, I should invest in BTC. Anyhoo, still researching...

 

[afm199]

Absolutely.

Edit: I follow one of Peter Lynch’s philosophies, invest in market leaders. So with that philosophy, BTC is cryptocurrency market leader. Hence, I should invest in BTC. Anyhoo, still researching...

Peter Lynch wrote some great books.

 

[dagle]

be careful with how you qualify "market leader", if it's purely market cap, you can see over the years how the crypto landscape changes and everyone's aiming for the throne

 

[scootergmc]

be careful with how you qualify "market leader", if it's purely market cap, you can see over the years how the crypto landscape changes and everyone's aiming for the throne

Diamondhanding Doge to the moon!

 

[Killroy1999]

Yes, that's an example, but assumptions are different for everyone. Imagine missing out on the last 5 years of aggressive/large growth with a kid starting college this year, but it's different for everyone. Time horizons, contributions over time, etc. If I had to do it over again, I would've lump sum'd when they were your kid's age in an age-based, rather than DCA starting later on. There are other reasons for this too, as the funds can be used for all sorts of educational purposes (not college) while in high school, etc. Your kid wants to get a pilot's license? 529. College classes while in high school? 529. Computers? 529. Kid doesn't use it? Change the beneficiary. There are lots of things to consider, but it isn't rocket science. The sooner you start, no matter, the better you'll be.

YES! I started the 529 before my son was born and switched the beneficiary from me to him. Up 45%. DCA and lump sum from a family gift.

I even considered paying for part of pre-school tuition because I had the above average gains and preschool is more than a public college tuition. :laughing.

 

[scootergmc]

YES! I started the 529 before my son was born and switched the beneficiary from me to him. Up 45%. DCA and lump sum from a family gift.

I even considered paying for part of pre-school tuition because I had the above average gains and preschool is more than a public college tuition. :laughing.

I don't think preschool qualifies, but it seems like 529 plans change all the time.

 

[kuksul08]

I have my own requirements for a portfolio, as do you. I'm not interested in buying for thirty years in the future because I won't be here thirty years from now, and almost certainly won't twenty years from now. Which means I'm not buying 100 percent equities, not even close. And I was asked for recommendations. Those are ETF's I recommend. Each has a focus. VTI has a focus, VOO has one, SPY has one, and they are not identical. If VTI fits your needs, it's what you should buy. I don't think your needs and mine are even close to identical.

I never said my requirements are the same as yours. But when you get 14 different index funds that all overlap it starts getting complicated. A reasonable approach is to simply pick an asset allocation in equities/bonds based on your age and stick it all in 2 funds, getting similar results and zero thought put into it. That's all I meant.

https://www.etfrc.com/funds/overlap.php

 

[SuperMike]

There is talks that the satellite internet part of SpaceX called Starlink will go public. :teeth

A while back I was a working in the satellite industry locally and a critic of SpaceX --boy they proved me wrong.

Still talking about it...

 

[afm199]

I never said my requirements are the same as yours. But when you get 14 different index funds that all overlap it starts getting complicated. A reasonable approach is to simply pick an asset allocation in equities/bonds based on your age and stick it all in 2 funds, getting similar results and zero thought put into it. That's all I meant.

https://www.etfrc.com/funds/overlap.php

I was asked for a list of funds I recommend. That's it. That's not my portfolio.

 

[lizard]

Switchback Energy Acquisition Company (SBE) shareholders vote this week to merge with Chargepoint (largest EV charger company). SBE is a SPAC.

I may buy some SBE tomorrow. Anyone else?

 

[scootergmc]

I don't know when the right time to buy SPACs is. I think the earlier the better, but do you think chargepoint is going somewhere? I'd want to buy the guy who starts the Spac. 20% out of the gate seems like a fine profit.

 

[lizard]

I don't know when the right time to buy SPACs is. I think the earlier the better, but do you think chargepoint is going somewhere? ...

The world is going EV. EVs will need chargers.

 

[Killroy1999]

Switchback Energy Acquisition Company (SBE) shareholders vote this week to merge with Chargepoint (largest EV charger company). SBE is a SPAC.

I may buy some SBE tomorrow. Anyone else?

Chargepoint is my favorite EV charge network. They are the most common around here. My motorcycle can't DC Fast Charge, so don't know if they are the best for that.

The world is going EV. EVs will need chargers.

 

[lizard]

Chargepoint is my favorite EV charge network. They are the most common around here. My motorcycle can't DC Fast Charge, so don't know if they are the best for that.

I just threw some hooker and blow stash at SBE this am.

 

[Climber]

Everybody is a hero in a bear market.

As to bitcoin, it's all good until it isn't.

 

[Bubba_s]

Everybody is a hero in a bear market.

As to bitcoin, it's all good until it isn't.

Just like every single thing that ever existed.

 

[Climber]

Just like every single thing that ever existed.

It's the extent that it can drop from being good that sets it apart.

How fast did it drop from $19k to $8k last time?

 

[panthera]

It's the extent that it can drop from being good that sets it apart.

How fast did it drop from $19k to $8k last time?

And where are we now. If you bought the last "top", you would be up 2.5X. All investments are a risk. I just happen to think cash is a depreciating asset that will eventually go to zero against bitcoin. Everything I bought over the last few years has increased my wealth way more than any other thing I could have put that money into.