Holy fuck. I don't even want to talk about it.![]()
Hold tight. The market is taking a breather. The drop is across the board. Look for lower entry points to average down your positions.
I hear ya. It’s so important to do your own investing. My Dad got cleaned out like that by Merrill Lynch. They put his money in funds with 6 and 7% front loads and then churned them into other funds with 6 and 7% front loads about a year later. I was so pissed when I discovered what they had done but there was nothing I could do because mom & dad hired them as their “advisers”.I wish I knew how to trade. I got let go back in March 2000 and stuck my 10K in an IRA as a tax avoidance and that lying POS at Raymond James put me in 3-4 mutual funds that had a good record. in a year i had $2500 and I said F it and split it into GE & Ford. GE never recovered and I sold in 2015 for half what I paid. Ford went up to 15 so I took my $ and haven't been back Guess not having a teacher makes a difference. My new boss started talking about covered options or something like that and I just don't have much stomach nor time to follow stuff. Hell i have worked my butt off to raise 3 kids who are now in BIG school so I guess I can someday take a vacation. I just can't play rigged games like lottery.
Oh yeah, I’m down a lot too this week. Until I sell it’s just a number on a piece of paper. Consider it a buying opportunity on your winners to add to your position.I lost a shit ton of money today.![]()
Oh yeah, I’m down a lot too this week. Until I sell it’s just a number on a piece of paper. Consider it a buying opportunity on your winners to add to your position.
Intel has issues unrelated to the Fed. Yes. Great buying opportunities. I’ll be doing some research this weekend looking for entry points.This whole month. Sounds like a great buying opportunity - except I already cleared out all of my free cash from mutual fundswent from a solid 5% APY to ( -20% ) so far.
The thing that irritates me about the fed rate cut is that a lot of big tech companies have announced these mass layoffs .. Intel for example, to improve their bottom line .. 15k employees - stuff like that will reflect on the unemployment numbers the feds use to determine the "state of the economy" ..![]()
I'll be happy to take a look at your portfolio
Is there a self-directed-brokerage option?
Have you looked at the fund fees on all of those funds?
Vehicles are one of the worst investments next to say, lottery tickets.