BTW about the great tool that is saving plus compounding, my oldest daughter Julieta (she is 20's something) aplied their savings in AMZN, GOOG and one ETF tracking SP500 (an accumulation one). She is amazed with her results, specially with Google!
Way to go....RG. You have passed on your investing habits and knowledge to your daughter. She will be AMAZED at how she is able to do starting in her 20's.
I ended the day and the week with a nice gain. today my stocks had a small.....big gain. I also beat the SP500 with them today by a small amount.....0.10%. My red stocks today....COST and AMZN.
As to year to date. We are now in the middle of a BIG RALLY. I have come back from a loss of about (-10%) year to date to a gain for my entire account.....as of the close today of......+9.22%. That is a HUGE turn around for about 4-5 weeks. RIDING THE WAVE......AS USUAL.
The close today. S&P 500, Nasdaq post 6th weekly win as chip stocks rally, jobs data boosts sentiment https://finance.yahoo.com/markets/s...lly-jobs-data-boosts-sentiment-232854301.html
EVERYTHING about this article is INVESTING GOLD. Of course it agrees with just about EVERYTHING in this thread. Wall Street’s Wisest Man I did this interview with the renowned investment consultant Charley Ellis in June 2001. It still rings true, because wisdom never goes out of style. I especially like the part where he talks about how investing, like manufacturing cookies or toothpaste, is supposed to be boring: “If you find anything interesting, you’ve found something wrong.” https://jasonzweig.com/wall-streets-wisest-man/ Here are the questions asked in this FIVE HOUR interview of an INVESTING ICON and strong supporter of long term investing. The article has the answers. "Q. You’ve often said that long-term investors should root for stocks to go down, not up. Why? Q. That’s easier said than done? Q. So what should investors care about? Q. You don’t mean we should stay out of the stock market because we might lose money? Q. So why do so many of us insist on trying so hard, not least to beat the market? Q. As a consultant, you’ve urged managers of endowments and pension funds to create — and then live by — a formal “investment policy.” What’s that — and should all of us have one? Q. Why index funds? Q. For investors who refuse to index, how do you suggest picking a fund? Q. And what should an investor look for in the fund manager? Q. Are you thinking of the Capital Group, which runs the American Funds? Q. You’ve said that there are three ways to succeed as an investor. What are they? Q. When will this bear market end?" RG......this is a PERFECT article for your daughter. It is also PERFECT for any new investor or those considering starting. AND....of course...it is a great reminder for all the rest of us. Every once in a while I run into a REALLY OUTSTANDING article....this is one of those.
The current RALLY is the longest WINNING STREAK for the SP500 since 2024. AND....all of us on here are participating and thriving.
Of course......MR A-HOLE is at work on the rally. STFU.....and.....GO AWAY. I suspect that.....his PR people are working overtime to push his name. This guy is a real....MORON....in my opinion....I am using that term "moron" as a lay person.... not as a psychological professional. BUT....for some reason he is suddenly a MEDIA DARLING. Michael Burry says the market today feels like ‘the last months of the 1999-2000 bubble’ https://www.cnbc.com/2026/05/08/mic...-the-last-months-of-the-1999-2000-bubble.html His ANALYSIS is IDIOCY....in my personal opinion.....it completely ignores the amazing earnings that the top companies have been putting up quarter after quarter....especially the current quarter.
Speaking of MR A-HOLE. Here is his results in his SCION vehicle....according to the site linked below: 1 year.......+17.62% 3 year.......(-6.29%) 5 year.......+4.32% 10 year.....+306.47% https://stockcircle.com/portfolio/michael-burry/performance AND....to compare....my sister's account....which I manage: 1 year......+41.08% 3 year......+136.56% 5 year......+140.43% 10 year....+372.00% (all are EXCLUDING net contributions) Of course MR A-HOLE takes extreme TRADING risk.....at least in my opinion. My sister....simply..... RIDING THE WAVE.
This is a great success story, Lori. The nice thing is you have learned a lot about yourself as an investor and have seen the benefit of long-term investing. We all gain experience over time with each little or big event the markets throw at us, but this gives one real world experience in it. It is so important to have that knowledge and experience. That experience will even evolve over time as your needs and goals change throughout the journey. Knowing and truly understanding the difference between short term and long-term is something many never learn to separate themselves from. I am so happy for you to have found the right way to do it.
Yes, the gov likes your money. Unfortunately, they are going to get their slice of it at some point. I also have a taxable account for a few reasons, but I also have tax deferred and tax "free" accounts. The Roth is a great asset, but income limits can sometimes be an issue. A Traditional IRA can also be an option. Of course, the tax man will cometh at some point on that as well...plus the RMD's. Sometimes you can only do so much and just have to choose the best option you can vet out for your situation. Taxable is pretty easy. In or out whenever you need it. Of course, tax man is at the ready with their bag out waiting. It does have some strategic advantages at different points though. I have all three for different reasons within my own plan. I know I have heard many investors over the years speak about the "tax" and feeling sort of "trapped" with the issue of not wanting to get hit with it. However, if long-term the rate may be a bit more favorable. And having "gains" is a nice problem to have if you think about it in those terms. Like I said, I am heavy in the advantaged space, but I also maintain a decent bit in taxable just for flexibility.
Seeing you guys discuss the college/university deal. It is expensive here (US) no matter how you go about it. Interestingly enough, I just finished up a road trip to attend the last one of my kiddo's college graduations. Another milestone checked off the to do list. I am officially out of the college and master's degree sponsorships...LOL. Time can fly by. Seems it was only a short time ago we were reading bedtime stories and talking cartoons. An expensive journey, but it has been worth every penny to set them up to have a successful future. A very proud time and also a moment to exhale.
I have missed a bit of the market activity this past week due to other important matters above...LOL. It does appear that we had a very nice week indeed.
Yeah, I know. Death and taxes. It's an inevitability. I am not ready to pay tax on realized gains yet. I will just keep it all in and add as new funds are available and deal with capital gains later when I get ready for retirement. At least that is the plan. If something huge comes along, I have no problems seizing an opportunity.
THIS is so important. Kids learn from a lifetime of watching their parents. It is the OBLIGATION of EVERY parent to provide critical guidance to their kids....this is especially important in terms of MONEY.....and...investing. It should start at a very young age....but age appropriate of course. Kids are naturally curious....and willing to learn. Even if it seems like they are not interested....they are STILL watching and seeing what is going on around them. Just SETTING AN EXAMPLE....with your behavior is very important. Teen investors have time on their side. Teaching them to avoid 'get rich quick' schemes is key, experts say. https://finance.yahoo.com/economy/a...ick-schemes-is-key-experts-say-114726339.html ....."The biggest risk for teen investors right now isn't TikTok influencers, said Matt Chancey, a certified financial planner. “It's that they're being introduced to investing through the most exciting parts of the market — meme stocks, crypto, AI plays, options — as their entry point. That's backwards. The first investing lesson a teen should learn is that wealth gets built by the boring stuff over decades, not the thrilling stuff over weeks.”".....
As to the above....there is no ONE STYLE. Just do what fits for your family and your kids. In our family......that was simply talking about money and investing in front of our kids for their entire lives....IN AN AGE APPROPRIATE WAY. It inevitably leads to kids asking questions. Same with going to college....we talked about our kids going to college their entire lives....as a ROUTINE thing......so for them it was "NORMAL". Same with investing.....it was just NORMAL in their lives. NO PRESSURE....just a normal thing. We ALWAYS talked in terms of.....WHEN you go to college......not....IF you go to college. What is interesting is....we have some long time family friends...that were not investors. We mentored them into investing...with a simple SP500 ETF. They held on through the last 30 years and expanded their knowledge and portfolio and are now very securely RETIRED. AND...much of our discussion and encouragement with them took place in front of the kids. Even though we were not directly talking to their kids.......we did talk about this in front of the kids........the kids got the lesson. One of them started an IRA while in college....the other one.....from seeing our success and lifestyle and how we benefited from investing......became a lifelong investor right after college.
Yes, and I am sure you have a pretty good work related retirement plan since you are in the educational field to go along with the whole plan. So, that certainly helps in managing the bigger picture too.
Some good posts regarding the young ones and getting them on the right track. They are going to be in a really great position down the road. It appears most of us here have taken the time to get them started and thinking in the long term.
