(09-15-2021, 05:52 PM)jagibelieve Wrote:

(09-15-2021, 04:27 PM)KingIngram052787 Wrote: It's interesting, for sure, but the information I get from the CIO at UBS seems to believe the S&P will hit 5,000 by the end of 2022.  Now, that doesn't mean there won't be a lot of volatility say later this year or when the Dem tax package gets passed, or that individual stocks won't take huge hits, but overall, professionals seem to see the market continuing to rise through end of next year.

I'm just going to let it ride, however, I'm in my 30s, so for me, it doesn't really matter as much.

For you being as young as you are I would suggest "letting it ride" because you will do better in the long term.  As far as "professionals" predicting the mark at the end of 2022, I wouldn't listen to that so much.  It may be right or it may be wrong, but nobody can really predict the future.

My best guess... and it is a guess is that there is going to be a major correction coming soon.

My advice is if you are invested in a 401k or similar look for a split between stocks and bonds/money market types of holdings.  If/when there is a major correction, your holdings will take a major hit, but over time you will do so much better if you keep contributing.  That split is up to you.  Typically leaning towards stocks is a bit more aggressive yet more risk involved.  Leaning towards bonds is typically "safer" yet less yielding.

One final piece of advice that I would give you.  Don't try to "actively" manage your 401k.  Pick from the few funds available to you and stick with them.  Keep contributing.  Over time it's going to grow.  My wife started with pretty much nothing in 2006 and retired this year with a pretty nice nest egg even after the crash in 2008.

That's close to my approach.  Research I read somewhere, I'll try to find it and come back and link it if I can, says that the largest single factor in growing your investment accounts/wealth is how much and how often you contribute, not your rate of return on investment.

I have my 401k/IRA invested aggressively in mutual funds and ETFs that I just set and forget.  It's almost all equities though given my age since I won't be accessing that money for another 30ish years.

I have a separate brokerage account that I started when I was younger just having fun picking stocks.  I got lucky and picked Apple, it's not some life changing amount in Apple, but I used that account and things I learned to then invest in various ETFs.  I had too many at one point, but learned quickly that your advice above about not having too many is solid advice, so I rebalanced and now how mostly a few ETFs and just a couple individual stocks for fun.  One ETF in particular is an equity bond balanced fund; however, this portfolio is still pretty aggressive because I personally view it as another retirement account (even though it's not tax advantaged) because I don't anticipate needing access to the money for a long time.

The wife and I have a 3rd joint account that we have monthly recurring investments into ETFs.  It's more conservative than the others, roughly 70% equities and 30% bonds.  We have larger than normal cash holdings since we're thinking about either buying a new home soon and using our current as an investment property, or buying an investment property, but ultimately we don't necessarily need or want to access that money, but the time horizon might be in the next 10 years, so wanted to be more conservative to hold down the volatility slightly.

That's just my approach, and it seems to work for me.  Although, holding this cash as long as I did, I definitely missed a huge opportunity the last 1.5 years.  I still made a ton and got a bit more aggressive putting money in to take advantage, but man oh man, what I could've done.  But, ultimately, my long term goal is to buy another property, so didn't want to change my process.

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(09-15-2021, 07:52 PM)p_rushing Wrote:

(09-15-2021, 07:29 PM)Lucky2Last Wrote: I don't know much about the economy, but the political side of me believes there is no way the elites don't crash crypto currency sometime in the near future. I think it is where we will ultimately end up, but the same people that control the fed will find a way to guarantee they are on the top floor of whatever pyramid scheme they set up next. All you suckers that are guessing are going to eat your lunch. That's my completely uninformed opinion.

The feds don't control it, so you are guaranteed they will try to do something as they want their own crypto to be the only one.

I agree, crypto regulation will be coming at some point.  It may crash it short term, but part of me thinks what if it "legitimizes" it and makes it potentially take off?

I personally have not yet gotten into the crypto mania. I don't invest in things which I don't fully understand.

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