All things STOCKS

#478
#478
Thunder Good-Oil said:
I can't easily pull together comprehensive performance it since it's across multiple brokers and accounts. Several are retirement accounts that I don't often trade. But I do watch a taxable account every day. It was up about 6% last week, a little over 1% this week.
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I am trying to get to point where my dividends replace my income
 
#484
#484
Netflix up over $373 today thats over a 300% return in two years...yall talking 6% lol
 
#486
#486
bignewt said:
Netflix up over $373 today thats over a 300% return in two years...yall talking 6% lol
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Big difference in risk appetite as you age. Plus a dividend strategy provides steady expected income, if you're having to sell stock here and there to get cash things can get complicated.
 
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#487
#487
DancingOutlaw said:
Big difference in risk appetite as you age. Plus a dividend strategy provides steady expected income, if you're having to sell stock here and there to get cash things can get complicated.
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Do you reinvest the dividends? Or use it for living expenses?
 
#489
#489
DancingOutlaw said:
I’m unfortunately not at retirement age so mine get reinvested. 72 or one of these other fossils can help you out.
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Fossils, eh? For the record, I had them reinvested for years until I retired. Now, I use them for living expenses, so I don't have to sell stocks.
 
#490
#490
1972 Grad said:
Fossils, eh? For the record, I had them reinvested for years until I retired. Now, I use them for living expenses, so I don't have to sell stocks.
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I suppose I'm a fossil. I have a pension, a ton of money in a 401k account and I'm happy as can be.
So to all of you wimpy children that don't want to work for a living, F off.
 
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#492
#492
DancingOutlaw said:
I’m unfortunately not at retirement age so mine get reinvested. 72 or one of these other fossils can help you out.
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Got it. I'm 32, mid 6 figures in investment accounts split between about 35% 401k/IRA and 65% cash in Vanguard. I'm finally happy with my short term investment strategy (for the next 5 years or so), even after some pretty big mistakes in my younger years. Now starting to look long and trying to manage the 401k as best I can. I guess the best thing is just to continue maxxing out the 401k/IRA yearly ($23.5k/yr) and putting the rest into Vanguard. Just so difficult to lock the money up until I'm 60. Especially difficult because I'll likely have a pension starting at age 45, but you never know what happens and I don't want to depend on that.
 
#493
#493
JFreak said:
Got it. I'm 32, mid 6 figures in investment accounts split between about 35% 401k/IRA and 65% cash in Vanguard. I'm finally happy with my short term investment strategy (for the next 5 years or so), even after some pretty big mistakes in my younger years. Now starting to look long and trying to manage the 401k as best I can. I guess the best thing is just to continue maxxing out the 401k/IRA yearly ($23.5k/yr) and putting the rest into Vanguard. Just so difficult to lock the money up until I'm 60. Especially difficult because I'll likely have a pension starting at age 45, but you never know what happens and I don't want to depend on that.
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Dear Lord...what do you do for a living??? You will be a multi millionaire...but you know that. Congrats my man.
 
#496
#496
Meh.. starting young is overrated. The real key is to not get married and have kids before you're 30 or so. Also, be disciplined, have a plan, and only invest in blue chips. Took some pretty big losses for me to learn that. I honestly don't feel like I'm that far ahead of schedule.
 
#497
#497
JFreak said:
Meh.. starting young is overrated. The real key is to not get married and have kids before you're 30 or so. Also, be disciplined, have a plan, and only invest in blue chips. Took some pretty big losses for me to learn that. I honestly don't feel like I'm that far ahead of schedule.
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Have a goal and work backwards on a monthly contribution plus growth
 
#499
#499
marcusluvsvols said:
Dear Lord...what do you do for a living??? You will be a multi millionaire...but you know that. Congrats my man.
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Honestly mulitmillionaire isn't going to mean much in the future. If your monthly expenses are $4k a month now, they'll be roughly $8k in 25 years. If you wanted to pay for that using a 4% draw and not touch the principal, you'd need $2.4M. That wouldn't account for taxes or anything else, so in all likelihood you'd need more. That's why investing early and letting compounding work for you is so important.
 
#500
#500
DancingOutlaw said:
Honestly mulitmillionaire isn't going to mean much in the future. If your monthly expenses are $4k a month now, they'll be roughly $8k in 25 years. If you wanted to pay for that using a 4% draw and not touch the principal, you'd need $2.4M. That wouldn't account for taxes or anything else, so in all likelihood you'd need more. That's why investing early and letting compounding work for you is so important.
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The general rule is take your annual salary and multiply it by 80% than project how many years which is hard to you expect to live . Say you made 100,000 a year currently expecting 20 years of retirement that would be 80,000×20
years or 1.6m
 
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