Reply
Go Back   TexasBowhunter.com Community Discussion Forums > Topics > Around the Campfire
 
Thread Tools Display Modes
Old 04-22-2021, 04:39 PM   #1151
jshouse
Pope & Young
 
jshouse's Avatar
 
Join Date: Jul 2012
Location: Rockwall
Hunt In: NE Texas
Default

Quote:
Originally Posted by JFISHER View Post
way to go Potato


At least he doesn't mean tweet am I right?

Attachment 1047427
He's shorting us all
jshouse is offline   Reply With Quote Back To The Top
Old 04-22-2021, 05:24 PM   #1152
Mudslinger
Pope & Young
 
Join Date: Oct 2006
Default

We pulled or just pulled 200,000 out of mutual funds because of what Biden may do. Put it into a guaranteed income annuity. Left some in the mutual funds with our broker.

Honestly with what we have now, we have made a killing in the mutual funds/stock market since we began over 35 years ago. We have been blessed as i never ever thought we would have the retirement we have plus the place we bought last year. Life has been good to us for the most part!
Mudslinger is offline   Reply With Quote Back To The Top
Old 04-22-2021, 05:53 PM   #1153
Texas Stalker
Pope & Young
 
Texas Stalker's Avatar
 
Join Date: Sep 2011
Location: Howe
Hunt In: Oklahoma
Default

I know if I was a big corporation and that happened Iíd be outsourcing to cheaper countries. Way to go Joe. China ring a bell? Ya big dummy.


Sent from my iPhone using Tapatalk Pro
Texas Stalker is offline   Reply With Quote Back To The Top
Old 04-22-2021, 06:16 PM   #1154
Huntingfool
Ten Point
 
Join Date: Sep 2018
Default

Quote:
Originally Posted by Mudslinger View Post
We pulled or just pulled 200,000 out of mutual funds because of what Biden may do. Put it into a guaranteed income annuity. Left some in the mutual funds with our broker.

Honestly with what we have now, we have made a killing in the mutual funds/stock market since we began over 35 years ago. We have been blessed as i never ever thought we would have the retirement we have plus the place we bought last year. Life has been good to us for the most part!
so if you have made your money and ready or close to retiring then get your $$ out of the market - it is set up for massive failure with Biden and what he is doing
Huntingfool is offline   Reply With Quote Back To The Top
Old 04-22-2021, 06:18 PM   #1155
stickman
Pope & Young
 
stickman's Avatar
 
Join Date: Sep 2007
Location: S.Texas
Default

Quote:
Originally Posted by Huntingfool View Post
so if you have made your money and ready or close to retiring then get your $$ out of the market - it is set up for massive failure with Biden and what he is doing
That was going to be a question of mine. I still have 15 years before I can retire. I guess there is a bunch that can happen between now and then.
stickman is offline   Reply With Quote Back To The Top
Old 04-22-2021, 06:27 PM   #1156
Mudslinger
Pope & Young
 
Join Date: Oct 2006
Default

Quote:
Originally Posted by Huntingfool View Post
so if you have made your money and ready or close to retiring then get your $$ out of the market - it is set up for massive failure with Biden and what he is doing
The vast majority of ours is out of mutual funds/stock market and we may take the rest out in short order. We are both retired os of May 2020.
Mudslinger is offline   Reply With Quote Back To The Top
Old 04-22-2021, 06:39 PM   #1157
hpdrifter
Ten Point
 
Join Date: Sep 2014
Location: kerens
Hunt In: anywhere I can
Default

Quote:
Originally Posted by Huntingfool View Post
so if you have made your money and ready or close to retiring then get your $$ out of the market - it is set up for massive failure with Biden and what he is doing
made my money, but not a whole lot.

If I take it out, I have to pay taxes on it. That's gonna be at least 14%.
Then I lose my SS payments, so that's who knows how much.
Then if the market does crash, is that money worth anything?

Roll it over into silver or gold? na, that's all high right now. I don't want to buy high and sell low, only to lose half of what I got.

Danged if you do and danged if you don't
hpdrifter is offline   Reply With Quote Back To The Top
Old 04-22-2021, 07:37 PM   #1158
Monark
Eight Point
 
Monark's Avatar
 
Join Date: May 2014
Location: Mont Belvieu
Hunt In: Tyler County, Woodville
Default

Biden is all talk. He can't snap his fingers & raise the CapGains tax at will. It takes the House & Senate to do that & those mouth breathers are worried about re-elections & big money donors. We all lived through Obummer. We will live through this also.
Monark is offline   Reply With Quote Back To The Top
Old 04-22-2021, 09:59 PM   #1159
ColinR
Pope & Young
 
ColinR's Avatar
 
Join Date: Oct 2010
Location: Spring Branch, TX-in the Hill Country not Houston
Hunt In: Roosevelt/Sonora
Default

Quote:
Originally Posted by Hoggslayer View Post
When ya'll talk about having a management firm manage your accounts, What is the minimum these firms are working with? I don't have a ton to invest, but I'm clearly not very good at picking stocks based off what I saw this morning.
Iím curious as well. I currently have fidelity and EJ accounts that are doing ok. Iíd like to start working with an individual private firm, but not sure how much these guys require to get started. I donít really want to pull my funds from fidelity or EJ, at least not to start with.
ColinR is offline   Reply With Quote Back To The Top
Old 04-22-2021, 10:05 PM   #1160
scott123456789
Ten Point
 
Join Date: Aug 2008
Location: Weatherford, TX
Hunt In: Lone Camp, TX
Default

You can get an actively managed fund for $100k minimum but most of those brokers charge 1-1.5% per year. That means giving away $1000-1500 a year and over time more often then not those actively managed accounts will under perform the total market.


Just buy shares of VTI or any total stock market account and balance with a total bond account to your risk tolerance. Then you will win the game.
scott123456789 is offline   Reply With Quote Back To The Top
Old 04-22-2021, 10:06 PM   #1161
bbqfan5909
Ten Point
 
bbqfan5909's Avatar
 
Join Date: Jun 2012
Default

Iím pretty firm in autodraft into S&P500 index and let it ride. Most if not all brokers have a hard time beating it.


Quote:
Originally Posted by ColinR View Post
Iím curious as well. I currently have fidelity and EJ accounts that are doing ok. Iíd like to start working with an individual private firm, but not sure how much these guys require to get started. I donít really want to pull my funds from fidelity or EJ, at least not to start with.
bbqfan5909 is offline   Reply With Quote Back To The Top
Old 04-22-2021, 10:08 PM   #1162
scott123456789
Ten Point
 
Join Date: Aug 2008
Location: Weatherford, TX
Hunt In: Lone Camp, TX
Default

Quote:
Originally Posted by bbqfan5909 View Post
Iím pretty firm in autodraft into S&P500 index and let it ride. Most if not all brokers have a hard time beating it.
Hey 15% of active brokers/mutual funds can beat the market....
scott123456789 is offline   Reply With Quote Back To The Top
Old 04-23-2021, 07:42 AM   #1163
gingib
Pope & Young
 
Join Date: Aug 2014
Location: Central Tx
Hunt In: NTX
Default

Quote:
Originally Posted by scott123456789 View Post
You can get an actively managed fund for $100k minimum but most of those brokers charge 1-1.5% per year. That means giving away $1000-1500 a year and over time more often then not those actively managed accounts will under perform the total market.


Just buy shares of VTI or any total stock market account and balance with a total bond account to your risk tolerance. Then you will win the game.
Agree! I do it myself

I have a long ways to retirement so I will let it ride. The last 3 years have been great and made alot of money. Long term thoughts
gingib is offline   Reply With Quote Back To The Top
Old 04-23-2021, 12:16 PM   #1164
STGS
Ten Point
 
STGS's Avatar
 
Join Date: Jan 2007
Location: Texas
Hunt In: Texas
Default

Quote:
Originally Posted by scott123456789 View Post
Hey 15% of active brokers/mutual funds can beat the market....
But not the same 15% year over year.....
STGS is offline   Reply With Quote Back To The Top
Old 04-23-2021, 04:05 PM   #1165
Dave W
Ten Point
 
Dave W's Avatar
 
Join Date: Oct 2006
Location: Houston
Hunt In: Crystal City
Default

I was going over my 401 k and saw some great returns.

So I just bought in to a Fidelity mutual fund that is based on Medical equipment. It has good 3yr and 5yr returns and an excellent one year return.

Should I be worried?
Dave W is offline   Reply With Quote Back To The Top
Old 04-23-2021, 05:26 PM   #1166
IkemanTX
Ten Point
 
IkemanTX's Avatar
 
Join Date: Sep 2015
Location: Greater DFW
Default

Quote:
Originally Posted by STGS View Post
But not the same 15% year over year.....

Bingo...
Almost zero managed funds have beaten the market over a measured decade, and I donít think a single one ever has if you include the fee percentages in the calculations.


Sent from my iPhone using Tapatalk
IkemanTX is offline   Reply With Quote Back To The Top
Old 04-23-2021, 05:38 PM   #1167
Monark
Eight Point
 
Monark's Avatar
 
Join Date: May 2014
Location: Mont Belvieu
Hunt In: Tyler County, Woodville
Default

Quote:
Originally Posted by scott123456789 View Post
Hey 15% of active brokers/mutual funds can beat the market....
So 85% can not beat the market.
Monark is offline   Reply With Quote Back To The Top
Old 04-23-2021, 05:46 PM   #1168
Monark
Eight Point
 
Monark's Avatar
 
Join Date: May 2014
Location: Mont Belvieu
Hunt In: Tyler County, Woodville
Default

Quote:
Originally Posted by STGS View Post
Dow is back over 26,000 for the first time in right at 3 months. Interesting to see the partial rebound (relatively quick). I wonder if there will be a retraction or if we will continue to see a bull market outlook with the potential to get back above 28,0000 by Q3.

Crude is back over $37 today as well. Hopefully we can break $40 in the coming days/weeks as demand picks back up.
Very interesting to compare original post to where we are today less than one year later. Dow over 34,000. Crude over $60.

PS: I'm not a Biden fan.
Monark is offline   Reply With Quote Back To The Top
Old 05-12-2021, 10:21 AM   #1169
Etxbuckman
Pope & Young
 
Join Date: Aug 2011
Location: Spring
Default

Markets down 3% the last 5 days. Probably need to get used to that for the next 4 years at least.
Etxbuckman is offline   Reply With Quote Back To The Top
Old 05-12-2021, 10:26 AM   #1170
TwoHighways
Eight Point
 
Join Date: Aug 2019
Default

Not if you invest in things that benefit from reckless fiscal and monetary policy.
TwoHighways is offline   Reply With Quote Back To The Top
Old 05-12-2021, 10:33 AM   #1171
Arrowthreat
Ten Point
 
Arrowthreat's Avatar
 
Join Date: Oct 2015
Location: Whitewright, TX
Hunt In: Fannin County
Default

Quote:
Originally Posted by IkemanTX View Post
Bingo...
Almost zero managed funds have beaten the market over a measured decade, and I don’t think a single one ever has if you include the fee percentages in the calculations.


Sent from my iPhone using Tapatalk
Yep. Been my experience as well. We have a very good personal family funds manager that is one of the best in Dallas. Long term, he can't touch the DOW or S&P 500.

I'm a conservative investor though. I look at things from a long term perspective.

Last edited by Arrowthreat; 05-12-2021 at 10:38 AM.
Arrowthreat is offline   Reply With Quote Back To The Top
Old 05-12-2021, 10:43 AM   #1172
Etxbuckman
Pope & Young
 
Join Date: Aug 2011
Location: Spring
Default

Quote:
Originally Posted by TwoHighways View Post
Not if you invest in things that benefit from reckless fiscal and monetary policy.
True.

What would you recommend (sectors or specific companies)? I honestly donít have a clue, but Iíd love to hear your thoughts and opinions.
Etxbuckman is offline   Reply With Quote Back To The Top
Old 05-12-2021, 10:52 AM   #1173
TwoHighways
Eight Point
 
Join Date: Aug 2019
Default

Quote:
Originally Posted by Etxbuckman View Post
True.

What would you recommend (sectors or specific companies)? I honestly donít have a clue, but Iíd love to hear your thoughts and opinions.
energy, commodities, agricultural services, miners, land, natural resources, banks (danger here is when the Fed decides to suppress long end of the yield curve).

I don't give a **** what anyone's political beliefs are, I just know the people running the show are grossly incompetent and/or deeply corrupt. Sound money is the foundation on which real economic growth can occur, and you can't just go about picking winners and losers in a centrally planned manner, continue to bail out over indebted consumers and corporations that don't generate any profit with money we don't have, and punish savers with 0% return on their capital without having dire consequences. Ultimately, we're looking at less productivity and more money sloshing around chasing fewer goods. It's going to get ugly and I see no one in a position of leadership leveling with the American people about our current financial state of affairs.
TwoHighways is offline   Reply With Quote Back To The Top
Old 05-12-2021, 11:00 AM   #1174
jaime1982
Ten Point
 
jaime1982's Avatar
 
Join Date: Jul 2010
Location: planet earth
Hunt In: Edwards Co & anywhere I can
Default

Is this the thread where some dude posted we would hit 13k dow avg?? Lmao.

Sent from my SM-G991U using Tapatalk
jaime1982 is offline   Reply With Quote Back To The Top
Old 05-12-2021, 11:02 AM   #1175
Erik
Nubbin' Buck
 
Join Date: Feb 2016
Location: Way Out West
Default

Buy the dip.
Erik is offline   Reply With Quote Back To The Top
Old 05-12-2021, 05:33 PM   #1176
glen
Pope & Young
 
glen's Avatar
 
Join Date: Oct 2006
Location: Temporary transient
Hunt In: anywhere
Default

Tech stocks have taken an absolute beating recently. Im heavy in tech and will hold tight but it is brutal
glen is offline   Reply With Quote Back To The Top
Old 05-12-2021, 06:06 PM   #1177
HoustonHunter94
Pope & Young
 
HoustonHunter94's Avatar
 
Join Date: Oct 2006
Location: San Antonio
Default

Quote:
Originally Posted by glen View Post
Tech stocks have taken an absolute beating recently. Im heavy in tech and will hold tight but it is brutal
Same here. Just getting killed. Have decided to just not look at it for a while. My crypto is doing well, so at least I can watch that while everything else burns!! I'm still 15-20yrs from retirement so will just keep buying like normal. I feel sorry for folks who just retired and watching their investments all tank. Hopefully they moved to safer vehicles a few years out and are enjoying it but I am sure there are plenty who did not.
HoustonHunter94 is offline   Reply With Quote Back To The Top
Old 05-12-2021, 06:22 PM   #1178
jaime1982
Ten Point
 
jaime1982's Avatar
 
Join Date: Jul 2010
Location: planet earth
Hunt In: Edwards Co & anywhere I can
Default

Quote:
Originally Posted by glen View Post
Tech stocks have taken an absolute beating recently. Im heavy in tech and will hold tight but it is brutal
You are retired and heavy in tech?

Sent from my SM-G991U using Tapatalk
jaime1982 is offline   Reply With Quote Back To The Top
Old 05-12-2021, 06:33 PM   #1179
SabineHunter
Ten Point
 
Join Date: Oct 2019
Default

I got lucky. I sold all my ATT stock three weeks ago and put it all into Pfizer for when their dividends were coming out. The day before the ex-dividend date, I sold it and made over a buck per share. I haven't reinvested it yet. I am now sitting on over 1/2 million waiting to reinvest. Glad I waited. I am poised like a cobra, ready to strike at the right time.
SabineHunter is offline   Reply With Quote Back To The Top
Old 05-12-2021, 06:39 PM   #1180
glen
Pope & Young
 
glen's Avatar
 
Join Date: Oct 2006
Location: Temporary transient
Hunt In: anywhere
Default

Yea. Im lucky. Dont use my investments to live. Dual pension. And that is just with the money I handle that Im mostly in tech. I am fortunate and in all honesty hopefully investing for my kids
glen is offline   Reply With Quote Back To The Top
Old 05-12-2021, 07:39 PM   #1181
SabineHunter
Ten Point
 
Join Date: Oct 2019
Default

Quote:
Originally Posted by glen View Post
Yea. Im lucky. Dont use my investments to live. Dual pension. And that is just with the money I handle that Im mostly in tech. I am fortunate and in all honesty hopefully investing for my kids
You and I both are lucky. We get to live in Rockport.
SabineHunter is offline   Reply With Quote Back To The Top
Old 05-12-2021, 09:26 PM   #1182
Chad C
Pope & Young
 
Chad C's Avatar
 
Join Date: Jul 2008
Location: The Hills
Default

Itís going to get really fíd up.


Sent from my iPhone using Tapatalk Pro
Chad C is offline   Reply With Quote Back To The Top
Old 05-12-2021, 09:51 PM   #1183
Etxbuckman
Pope & Young
 
Join Date: Aug 2011
Location: Spring
Default

Quote:
Originally Posted by Chad C View Post
Itís going to get really fíd up.


Sent from my iPhone using Tapatalk Pro
Looking on the bright side, buying opportunities will abound.
Etxbuckman is offline   Reply With Quote Back To The Top
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 12:31 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
Copyright 1999-2012, TexasBowhunter.com