Joe Six Pack here ... my 401k feels better now after the relief rally
do I ride it out for the rest of year ... or is it all going to come to an end very soon?
How's your 401k feeling now? IYHTA last posted August 6 (a Saturday). Close August 8, 10809 (next market open day after IYHTA posted). Current price 11,345.
BTW, this continues the trend of the market going on several month upswings up after she posts her doom stuff. She continues to have a near perfect record, as a contrarian indicator. You too could take advantage of this to make money, I have.
psychtobe said: +12.05% YTD in the SPOOs approaching the final week of the quarter. Not a bad start to the year!And every time you guess the right color in Vegas you can double your money. What fundamentals do you surmise are driving this thriving economy? Is it the decrease in active labor force? or maybe the increase in food and energy costs? Maybe it's the housing rebound. I just don't understand how you expect to thrive in this ponzi scheme over the long term when you have no inside information.
U.S. has the best positioned economy of any major country over the next 50 years. I like our chances, certainly compared to Europe, China, Japan, India, Russia. Some of the resource based economies lole Canada and Australia may do better but they are too small to matter and we'be got military hegemony that they don't.
I haven't spoken much on this topic in a while, but ...
I went to 100% cash on 8/15/2007. Prior to that, I was in a few mutual funds, but primarily VFINX (s&p 500 index fund).
I've executed a few "gamble" trades since then, but nothing held for more than a few days ... SAVINGS have been kept elsewhere, either cash, or gold.
Obviously, I missed the monster rally from March 2009, but per my calculations, I'm still ahead.
Being part of the market just didn't make any sense for me -- I realized the rally was going on by late 2009, but decided not to join in anyway, as I do not see any fundamental basis for such a continuing rally -- debasing currency, record low levels of employment participation, and overwhelming amounts of unchecked fraud in the financial markets (HFT just being one huge example of how it's all a rigged casino).
So, while I "missed" march 2009 to now, I also "missed" october 2007 to march 2009. Personally, I'm happy with that trade off.
That said -- I'm curious to hear of anyone else who has had net positive market performance since October 2007 (and had skin in the game then), and what you've done since then.
I agree with psychtobe that we are better positioned than Europe, and perhaps the best positioned "major economy", but being the least ugly girl in the room doesn't necessarily make you a supermodel.
zimaman said: I haven't spoken much on this topic in a while, but ...
I went to 100% cash on 8/15/2007. Prior to that, I was in a few mutual funds, but primarily VFINX (s&p 500 index fund).
I've executed a few "gamble" trades since then, but nothing held for more than a few days ... SAVINGS have been kept elsewhere, either cash, or gold.
Obviously, I missed the monster rally from March 2009, but per my calculations, I'm still ahead.
Being part of the market just didn't make any sense for me -- I realized the rally was going on by late 2009, but decided not to join in anyway, as I do not see any fundamental basis for such a continuing rally -- debasing currency, record low levels of employment participation, and overwhelming amounts of unchecked fraud in the financial markets (HFT just being one huge example of how it's all a rigged casino).
So, while I "missed" march 2009 to now, I also "missed" october 2007 to march 2009. Personally, I'm happy with that trade off.
That said -- I'm curious to hear of anyone else who has had net positive market performance since October 2007 (and had skin in the game then), and what you've done since then.
I agree with psychtobe that we are better positioned than Europe, and perhaps the best positioned "major economy", but being the least ugly girl in the room doesn't necessarily make you a supermodel.In fidelity I can check the performance page which provides the actual balance vs balance of keeping everything in cash. Id think other brokerages have similar function.
Yes, and that is the poin of my post. I am still ahead, primarily because cash did not go down when the market crashed, and gold did well. At this point, s&p is starting to get close to where I sold, though. I'd bet many people sold at or near the bottom, and bought in half way through th rally.
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