This is the type of post that surprises me on a science based forum. You are essentially saying you can time the market? If so that's a fool's errand, more money has been lost trying this than DCA.
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The wealth-building thread
- Thread starter JeffS7444
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This is the type of post that surprises me on a science based forum. You are essentially saying you can time the market? If so that's a fool's errand, more money has been lost trying this than DCA.
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At least with tulip bulbs you get a flower.
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Anyone active in the commodities markets? I'm not and it seems not much more than gambling so just curious.
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Day traders love commodities for some reason, but I don't trade those because apparently it's hard to get an edge.
OP
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Now that's a good idea, and the window unit mentioned by @Petrushka seems like something which might be a good fit for my apartment. Currently got a smaller window unit, but it's noisy, and on a hot day, 82F/28C is about as cool as it gets. And yes, I've ensured that it's not clogged with dust. Electrostatic air purification might be a welcome thing too, for those times when forest fires put a lot of particulate matter into the air. Kinda crazy how hot days, nights that don't cool like they used to, and so many fires aren't freaking people anymore.
Electric and hybrid vehicles are very popular in my area, but although the intention may be good, I wonder if "shopping for change" is actually a toxic sort of feel-good consumerism which is making matters worse.
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Yeah, I bought 16 gallons of regular yesterday.
I'm on a fixed retirement income these days. Not high and not low. I am comfy. I think I can spare maybe my expendable cash flow of say a easy to produce $300 a month over and above my necessities and entertainment, skiing etc. What is a secure and decent investment that I can access and liquidate easily as I age?
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Money Market Mutual Funds (MMMFs) are very liquid and have yields of 4-5%, but that's just one option. There's also CDs, bonds, and High Interest Savings Accounts (HYSAs), all of which also usually bring 4-5% yield.
Hmmz. Can I take more risk and play blue chip and even more risky stuff with a degree of security and confidence?
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That risk is up you because the stock market could crash at any moment and you'd die penniless, while CDs and a couple other options are up to the banks to take the risk of. There are a couple special exotic options (search "SVOL" for one example) but those are for traders who are ready to take on the extra risk.
IC. How long to get a ripe and cashable secure and safe investment? I worked as a sales specialist, a electronic tech as well as an assembler in heavy equipment vehicle manufacturing and I know nothing about investments. I have CPP and OAP as well as some other stuff but that was easy stuff to invest in. Little to no risk.
OP
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Everything that I know about commodities comes from an old movie starring Eddie Murphy and Dan Akroyd.
The continued survival of crypto is a wonder to me, but (shrug) believers gonna believe.
The continued survival of crypto is a wonder to me, but (shrug) believers gonna believe.
Tom C
Major Contributor
A personal favorite.
OP
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Sounds to me like you're right where you need to be. Canadian Treasury Bills don't look too shabby either:
https://www.bankofcanada.ca/rates/interest-rates/t-bill-yields/
You could consider staggering the purchases so that at any given time, you'll have one approaching maturity.
Having experienced the Y2K and 2008 market downturns, I am probably more accustomed to dealing with volatility and not panicking when I see thousands of dollars of value seemingly vanish. In fact, last week's stock market downturn did a number on me, and who knows when it will end. At such times, I stop checking my account balances.
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Canada did an Amazing Kreskin act and I avoided any issue with the 2008 downturn. We where humming along with lotsa business going on. I sailed through it easily thankfully. Hmmz... I don't really have exposure to or worry when such stock market ups and downs occur because all of that worry is taken care of for me by the peeps that know their investment stuff. I simply await my direct deposits and I cash in that way. It's pretty nice and I am told it will get better in a few years too.
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Buffet has been selling more stock than buying during this entire rally. Maybe he will finally get a break? One thing we know is it's best to be careful in stocks where Buffet holds large positions. The stock is actually safer once Buffets position is reduced.
Pareto Pragmatic
Senior Member
To really build wealth, think in terms of multi-generational wealth building. To build wealth as an individual, invest consistently and look for low fees. If you do that with 10% of every check you earn in your life, off the top, you will build a good nest egg. If you start doing that at 30, not so much.
I did do some trading back in the day, but found it way too much work for the extra return. And my brother, he's doing all sorts of things with options these days, which is tempting given his returns. But after a bit, I decided to go with this.
I go with index funds (low cost), spread across different asset classes. Every check for decades, so dollar cost averaging. I re-allocate by asset classes once a year. I am just starting to shift to a more conservative stance from my "80% equity" position as I approach retirement and beyond.
So, overall US market, international market, REITs, bonds, etc.
That's it. It's not complicated, but it is effective.
I did do some trading back in the day, but found it way too much work for the extra return. And my brother, he's doing all sorts of things with options these days, which is tempting given his returns. But after a bit, I decided to go with this.
I go with index funds (low cost), spread across different asset classes. Every check for decades, so dollar cost averaging. I re-allocate by asset classes once a year. I am just starting to shift to a more conservative stance from my "80% equity" position as I approach retirement and beyond.
So, overall US market, international market, REITs, bonds, etc.
That's it. It's not complicated, but it is effective.
Looking at the equity markets today, my advice is:
Stow your tray tables. Put your seat back in the upright and locked position. Put away your laptop computer, and make sure your carry-ons are under the seat in front of you, or in an overhead bin. Make sure your seatbelt is low across your hips and tight.
Oh yeah... it's usually not a good idea to sell into a major market correction. As the saying goes: "Don't just stand there! Do nothing!"
Stow your tray tables. Put your seat back in the upright and locked position. Put away your laptop computer, and make sure your carry-ons are under the seat in front of you, or in an overhead bin. Make sure your seatbelt is low across your hips and tight.
Oh yeah... it's usually not a good idea to sell into a major market correction. As the saying goes: "Don't just stand there! Do nothing!"
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Right you are. I will be in the car all day which will keep me away from the computer.
