There are MANY little articles with a similar concept to this article. I like them since they point out.....age old..... human failings. These same....."SINS"......have been around for tens of thousands of years and reflect the failings of humans and their brain chemistry, hardwired, negative behavior. ALL of these behaviors in a more primitive society MIGHT be positive....but in more modern humans......over perhaps the past 2000 years......when it comes to money and investing these behaviors can be a disaster. 12 Investment Sins https://humbledollar.com/2020/01/12-deadly-sins/ (BOLD is my opinion OR what I consider important content) "WANT TO IMPROVE your investment results? The deadly sins below are not only among the most serious financial transgressions, but also they’re among the most common. I firmly believe that, if you eradicate these 12 sins from your financial life, you’ll have a better-performing portfolio. 1. Pride: Thinking you can beat the market by picking individual stocks, selecting actively managed funds or timing the market. Antidote: Humility. By humbly accepting “average” returns through low-cost index funds, you will—paradoxically—outperform the majority of investors. 2. Greed: Having an overly aggressive asset allocation. Antidote: Moderation. Follow the great Benjamin Graham’s advice and keep no more than 75% of your portfolio in stocks. Once you determine your asset allocation, doggedly maintain it through thick and thin by rebalancing periodically. 3. Lust: Being addicted to financial pornography. Financial pornography—think CNBC and Fox Business—may be entertaining, but it has no lasting value and is actually harmful to your financial health by promoting short-termism. Antidote: Turn off financial media and delete financial apps from your smartphone. 4. Envy: Chasing performance. This sin trips up more investors than any other. It ultimately leads to the cardinal sin of “buying high and selling low.” Antidote: Stop comparing your investment performance to that of others. Success is not measured by relative performance, but by whether you meet your own financial goals. 5. Gluttony: Failing to save. You may be a financial saint in every other respect, but—if you fail to save—it’s game over. You can’t invest what you haven’t saved. Antidote: Start saving something today. Slowly raise your savings rate over time. 6. Impatience: Lacking investing stamina has dire consequences. Patience in financial markets is measured in years, sometimes decades. The first decade of the 21st century was not kind to U.S. stock investors, who lost a cumulative 9%. If you had bailed on U.S. stocks in 2009, you would have missed out on the following decade’s glorious rebound, with annualized returns of over 16%. Antidote: Patience and a knowledge of financial history. While history doesn’t necessarily repeat, it does rhyme. What history has shown time and again is that markets mean revert—that is, sharp declines are typically followed by rebounds. 7. Sloth: Not contributing enough to get your employer’s full 401(k) match. This is like walking past $100 bills on the sidewalk and being too lazy to pick them up. Similarly, make the effort to rebalance. While doing less is generally beneficial when investing, failing to rebalance is the exception to the rule. Antidote: If you’re too lazy to rebalance, sign up for a low-cost target-date fund, which will rebalance for you. The antidote for not getting your 401(k) match? Just do it. 8. Fear: Having an overly cautious asset allocation. This investing sin is easy to overlook, because inflation is so insidious. Inflation reduces our money’s purchasing power by some 2% to 3% a year. Hiding out in cash investments guarantees you an inflation-adjusted loss of 1% to 2% annually. Antidote: Overcome your fear of stocks by understanding their historical returns. History suggests that, while there’s a 46% chance that the S&P 500 will be down on any given day and a 27% chance you’ll lose money in any given year, the odds of losing fall to 5% over 10-year stretches and 0% over 20-year holding periods. 9. Imprudence: Failing to diversify. This is a surefire road to the poorhouse. Consider the lesson of the Japanese stock market. The Nikkei 225—analogous to our S&P 500—reached an all-time high of 38,915 in December 1989, before ultimately declining 82% to close at 7,055 on March 10, 2009. Even today, the Nikkei 225 remains about 40% below the peak reached 30 years ago. This should give serious pause to those who advocate investing in a single national market. Antidote: Diversify, diversify, diversify—by owning both stocks and bonds, by owning thousands of securities through index funds, and by funding traditional retirement accounts, Roth accounts and regular taxable accounts. 10. Negligence: Mixing investing and insurance through variable annuities, equity-indexed annuities and cash-value life insurance. Ever read the entire prospectus for an annuity? I didn’t think so. Antidote: Keep your investments and insurance separate, with one notable exception: immediate fixed annuities. 11. Hyperactivity: Being an overly active investor. It may seem counterintuitive. But when it comes to investing, it pays to just sit on your hands most of the time. Aside from choosing an asset allocation and rebalancing periodically, further efforts are generally counterproductive. Antidote: Learn to do nothing, aside from rebalancing once a year or so. 12. Aimlessness: Failing to plan for retirement, including drawing up an investment policy statement. An investment policy statement—a set of ground rules for your portfolio—provides the guardrails against the numerous behavioral pitfalls that investors face. This is probably one of the most overlooked facets of investment planning." MY COMMENT The above...pretty much sums up ALL negative investor behavior. In investing terms we call it...market timing, trading, short term focus, churning your account, buying "unsuitable" investments, chasing returns, .......etc, etc, etc. The GREATEST "sin above.......to me.....ENVY. We see this in every aspect of life....from message boards, to work, to play, to family, to investing.....across ALL human activity. It is.......one of a few...... reasons for COMPETITIVE young male investor behavior. It is TOXIC in any environment......to the person that is envious....and to those around them. A close sibling to.....GREED. THE one way that MOST.....if not all.....these "sins" can be avoided is by a long term investing.....many of these "sins" are reflected in short term behavior.
I like this little....speculative.....article on Costco as a shareholder. One thing is sure.....any membership fee increase brings in a TON of money. TOTALLY free profit. Costco stock may surprise if the company hikes membership fees in fall 2022 https://finance.yahoo.com/news/cost...ck-price-could-surprise-people-161337021.html (BOLD is my opinion OR what I consider important content) Chatter is picking up on Wall Street of a looming membership fee increase out of retail giant Costco (COST), but that doesn't mean the stock will be a home-run for investors after any hike. In fact, historical data compiled by Guggenheim analyst John Heinbockel says the opposite could happen to Costco's stock. One month after announcing its last three membership hikes in April 2006, October 2011 and March 2017, Costco shares rose 0.2% (2006), gained 2% (2011), and fell 5.8% (2017), respectively. The selling in Costco's stock became more pronounced thereafter, Heinbockel's data shows. Costco's stock three months after announcing a membership fee increase: April 2006: -1.3% October 2011: -1.8% March 2017: +1.7% Costco's stock six months after announcing a membership fee increase: April 2006: -12.6% October 2011: +7.1% March 2017: -11.1% The real good time to buy Costco shares is one year ahead of an expected profit-boosting membership fee increase, which usually happens every five years. Costco's stock has gained an average of 22.4% one year before a membership fee increase, according to Yahoo Finance's analysis of Heinbockel's data. The Guggenheim analyst thinks fall 2022 is when Costco will lift its fees again, essentially just about putting the stock currently in the buy zone judging by historical precedence. "Under this timetable, the shares would see a clear benefit between Fall 2021 and Spring 2022, possibly commencing after 4Q earnings are reported in early October," Heinbockel says. Costco's last membership fee increase kicked in on June 1, 2017. It took its Gold Star membership fee up $5 to $60. Executive membership fees increased by $10 to $120. At the time, the increases impacted about 35 million members. Heinbockel sees similar increases to each tier of Costco membership in fall 2022. Since the June 2017 increase, Costco has added about $50 billion in sales and nearly $4 a share in earnings as existing members stayed with the retailer and new ones entered at higher rates. Costco's stock has gained about 100% dating back to when the last fees increase kicked in, per Yahoo Finance Plus data. The S&P 500 is up 65% during that stretch. Any membership fee increase out of Costco shouldn't come as a shock as it works to offset COVID-19 expenses. Earlier in March, Costco missed quarterly earnings estimates due to 41 cents in added COVID-19 costs. Costco spent $1.06 billion pre-tax on COVID-related expenses over the trailing 12 months, according to data from Jefferies. That includes $825 million related to a $2 an hour pay bump and $200 million on PPE and other costs. In late February, Costco raised the starting wage to $16 an hour for U.S. workers. The decision was first revealed by Costco CEO Craig Jelinek in testimony to the U.S. Senate Budget Committee. Costco raised its starting pay to $15 an hour in 2019. More than half of Costco's hourly workers in the U.S. are paid above $25, Jelinek said. Costco employs roughly 180,000 workers in the country." MY COMMENT For context.....COSTCO has about 106,000,000.....that is 106MILLION...members world wide. So a typical increase of $5 per year in membership fee will bring in LOTS of........FREE MONEY.......to the company. That is a very big chunk of money for doing nothing....selling nothing....paying nothing for cost of goods or overhead or wages......simply free money with ZERO cost to the company. This is one BIG reason that Costco and their marketing concept....with their insanely loyal customer base.....is a gold mine. The current fee is $60......minimum......so according to what I see online.....they take in $768MILLION in membership fees now....in 2020. Assuming......if there is a $5 increase to $65.....the TOTAL amount that they RAKE IN....will be approximately...... $830MILLION. Just shy of $1BILLION per year.......before they sell a single dollar of goods.
MY primary account.....SURGED......to a new ALL TIME HIGH today. LOL....well I guess surged is not the exact word to use.....since it went......ABOVE and BEYOND.....the previous high by $2600. I will take it....anyway. I was BIG GREEN today. AND....beat the SP500 by .78% today. A REALLY nice day....and......probably a wide open door for the markets to kick ass all week....if not longer. In addition....my year to date total return....bumped up to.......5%. Not too bad for a one day move.
Thanks for the Forum and your Posts WXYZ I'm hoping to learn some pointers as I'm Investing for retirement specifically managing my own stocks. Looking to buy and hold for the next 10 years with a plan to adjust as needed annually. So like you all the analysis and timing indicators for the day traders means absolutely nothing to me. I'm able to add money comfortably each month with a conservative goal of a $100k account by 1/1/2029 that I'm tracking to. Any insights are much appreciated as I'm just getting started on this journey. -Dogtown
I listed a little article on growth stocks a few posts above. HER is a VIDEO with similar reasoning. Looks like the so called....experts.....are now hedging their bets so they can say........"I called it"......when their clients come calling. 'My call is that growth is going to participate again': Zor Capital Managing Directo https://finance.yahoo.com/video/call-growth-going-participate-again-195314269.html (BOLD is my opinion OR what I consider important content) HERE is how we ended today: Stock market news live updates: Stocks jump as traders digest jobs report, look ahead to Fed remarks https://finance.yahoo.com/news/stock-market-news-live-updates-april-5-2021-112641523.html "Stocks jumped Monday as traders took in last week's much stronger-than-expected monthly jobs report and looked ahead to a busy week of commentary from Federal Open Market Committee (FOMC) members. The Dow gained more than 350 points, or 1%, reaching a record high. The S&P 500 also reached an intraday and closing record, and the Nasdaq jumped 1.7% as technology stocks extended recent gains. Treasuries were mixed across the curve, and the yield on the 10-year Treasury note ticked down slightly to about 1.71%. Shares of GameStop (GME) sank after the company announced an up to $1 billion share sale. Meanwhile, shares of Tesla (TSLA) jumped after the electric vehicle-maker posted first-quarter deliveries that more than doubled over last year. " MY COMMENT The rest of that article is just a re-hash of the article that I posted at the open. We are now.....no doubt....going to see all sorts of money managers and so called....experts.....talking about how the big cap growth stocks are going to come back. These MORONS....are masters of hindsight predictions. It is all simply....WINDOW-DRESSING. They have to have something to point to when their clients come asking questions. We now have an entire generation or two or three.....of people working in the investment banks, the brokerages, the financial media, the financial world......that have NEVER experienced anything but a HISTORIC BULL MARKET. The current BULL has been going on.....with a little pandemic pause.....ever since 2009. That is 13 years. SO......anyone under about age 38....has ZERO EXPERIENCE with any sort of market other than a ROARING BULL MARKET. Danger, Danger.......Will Robinson. Talk about having NO CONCEPT of reality......or life experience. From this point on.......with working from home........many of them will hardly ever leave their house.....much less...have any experience in a NORMAL investing environment. OMG!!!!
WELCOME.....Dogtown. This ENTIRE thread is insights. Much of the content is long term investing content....that is timeless. Slow and steady...wins the race........well......along with the power of compounding. Feel free to post and share your experiences and investing. This board is a great site for any type of investor.
This "stuff" is pure....LOONEY TUNES. How embarrassing that a former head of the FED is spouting this anti business...anti free market.....anti American....nonsense. Just PATHETIC. Yellen says global minimum tax needed, too soon to declare victory over pandemic https://finance.yahoo.com/news/yellen-says-global-minimum-tax-172944769.html (BOLD is my opinion OR what I consider important content) "U.S. Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate to end a "30-year race to the bottom on corporate tax rates." The global minimum tax is a key pillar of President Joe Biden's $2 trillion infrastructure spending plan, which calls for an increase in the U.S. corporate tax rate to 28%.. Without a global minimum, the United States would again be at a disadvantage to a number of other major economies with lower tax rates, tax experts say, with U.S. commitment helping to jump start negotiations for a tax deal among a number of major economies. Yellen, speaking to the Chicago Council on Global Affairs, said she also would use her participation in International Monetary Fund and World Bank annual meetings this week to advance discussions on climate change, improve vaccine access and encourage countries to support a strong global recovery. The new Treasury chief said it was important to "end the pressures of tax competition" and make sure governments "have stable tax systems that raise sufficient revenues in essential public goods and respond to crises, and that all citizens fairly share the burden of financing government." Separately, a U.S. Treasury official told reporters that it was important to have the world's major economies on board with a global minimum tax to make it effective. The official said the United States would use its own tax legislation to prevent companies from shifting profits or residency to tax haven countries and would encourage other major economies to do the same. The Biden plan proposes a 21% minimum corporate tax rate, coupled with eliminating exemptions on income from countries that do not enact a minimum tax. The administration says the plan will discourage the shifting of jobs and profits overseas. Yellen said in her remarks that while advanced economies had successfully supported their economies through the COVID-19 pandemic, it was too early to declare victory, and more support for low income countries to gain access to vaccines was needed. "I am urging our partners to continue a strong fiscal effort and avoid withdrawing support too early, to promote a strong recovery and help avoid the emergence of global imbalances." MY COMMENT Yes...."we are the world"....blah, blah, blah. We are going to...."we are the world".....all of our businesses right out of the country. I would prefer to see our government and officials work to make American investors and American businesses more successful. Somehow with these sorts of deals....WE....are always the one that gets screwed in the end. ALL I really want to see....is the beginning of a world wide TAX...that spans different countries. Kind of like a WORLD INCOME TAX. I dont give a sh*t about politics.....but as an investor....THIS is ECONOMIC INSANITY.
I can tell with one quick glance how my stock picks....are performing versus my two mutual funds.....SP500 Index fund and fidelity Contra Fund. Contra Fund tends to equal or beat the SP500 even over the long term. So....when i do that quick glance.....I am looking at the percentage of money in the stock side of the portfolio.....versus.....the percentage in the Fund side of the portfolio. Since I start with both sides having approximately 50% of the invested funds......and.....since I do not re-balance........it gives me a rough idea of which side is beating the other. When I add to the account I also try to put about half of the funds into the stocks and half into the funds. At the moment the percentages are. Stock side 56% of the portfolio. Fund side 44% of the portfolio. I decided....a few years back......if or when the fund side shows a higher percentage than the stock side for a fair length of time....it will be time for me to simply SELL all the individual stocks and put everything into the SP500 Index.
How good am I doing? well in less than 1 week im back to being positive for the year. Does that get me excited? Of course not! But considering where we were with TALKS AND BULLSHIT for weeks on end about the end of Nasdaq and inflation and bubbles.... yeah... we’re cooking with gas NOW I’m gonna say it again, we ain’t out of the woods yet. Why?? Because there’s a ton of weird shit happening with valuations, namely Reddit meme stocks and crypto- as long as theyre in the game - you’re gonna get MOUNTAINS of volatility. And this may be going on for awhile! I know some people that got into GME - AGAIN - after nearly losing their home on first bets... they’re actually telling me - of course I’m back in - DUH!! Another friend of mine- was PREACHING to me last month NOT to get into crypto when I considered to do so- he told me he was well invested a few years back and lost tens of thousands of dollars in the process - eventually he had sold almost his entire portfolio and learned his lesson. well, last week I called him and he told me he was SHOCKED to find that he had a remaining balance of 250$ back when he liquidated - which turned out to be 25,000 today- he didn’t even know!! So now, needless to say - he takes EVERYTHING he preached to me BACK. Now he’s saying - I wish I didn’t sell everything at a loss back then. Well - if there’s any lesson to be had from that episode it’s this - Preach it W - .... ... ...... .. . ... ........... ... ........... . . .... ........ .. .....
.. / .-- .. .-.. .-.. / -.-. --- -. - .. -. ..- . / - --- / -... . / ..-. ..- .-.. .-.. -.-- / .. -. ...- . ... - . -.. / ..-. --- .-. / - .... . / .-.. --- -. --. / - . .-. -- / .- ... / ..- ... ..- .- .-.. .-.-.-
Get used to crypto, got news for ya. Its here to stay. Around a 2 TRILLION dollar environment that,chances are will never enter the markets. Simply because we can trade/invest 24/7 and the WSB boys are here to stay as well. Just a lil food for thought. Happy trading/investing, crypto to da moon.
Stock account went up .51% today and self-directed ira went up 1.34%. Stock account is now up 7.30% ytd and is at my all time high. My stock account had several positions drop, led by Novavax which decreased 3.75%. However, KLIC jumped 10% and my position is now up over 25%. Had it not been for KLIC I would have been underwater today. Other positions were up too but not like KLIC was. Looking forward to tomorrow.
It sure is! I would love to take credit for knowing Morse, but I found an online translator and had a bit of fun: https://morsecode.world/international/translator.html It's crazy what is online. I just typed in "Morse code translator" for giggles, and there it was
OK guys......lets get it right........ "I remain fully invested for the long term as usual". .. / .-. . -- .- .. -. / ..-. ..- .-.. .-.. -.-- / .. -. ...- . ... - . -.. / ..-. --- .-. / - .... . / .-.. --- -. --. / - . .-. -- / .- ... / ..- ... ..- .- .-.. That Morse code translator is great.
LOL, I got mine straight from one of your posts a while back. https://tinyurl.com/htepyjp4 Get yourself together, man
YES.....there are a few variations....LOL. EXPECTED....open today....after the big run up yesterday. We had to get through the little bump up in profit taking and NOW we are in the green in the averages that count.......the SP500 and the NASDAQ. The DOW.....way to narrow and limited to have much use to investors. In my opinion NOT a very good representation of the US economy or stocks. BUT...I have no doubt it will ALSO turn green as the day goes on. We will see how things go as the day progresses....but....all indicators remain very positive. I continue to be fully invested for the long term.
