Originally Posted by Buehler445:
FWIW, I got out of ADM and BG in the green. They outperformed the market in the timeframe I owned them by a few percentage points. Technically shouldn't have done it. It pushed through some resistance and set back, but I don't think it can overcome the momentum of the market as a whole.
I feel pretty good about it considering what the SPY QQQ and DIA look like in my account. Woof.
FWIW I got out at the right time on ADM and BG. They might stay rangebound but they got wrecked man. [Reply]
I bought into TSP at the opening today at $38.15. I like them as a long term hold. IMO, even if they are not the company who solves automated trucking, someone will buy them out along the way to achieving that goal. [Reply]
Originally Posted by lewdog:
Just be careful. My parents lost 50%+ of their retirement, within 3-4 years of retirement in 2008 because people thought being exposed to a high percentage of equities was "always safe."
I wouldn't recommend more than 50% exposure to stocks within a few years of retirement.
Do you think the “rule of 120” is a safe/good strategy for diversification of your portfolio for retirement? [Reply]
Originally Posted by lewdog:
Just be careful. My parents lost 50%+ of their retirement, within 3-4 years of retirement in 2008 because people thought being exposed to a high percentage of equities was "always safe."
I wouldn't recommend more than 50% exposure to stocks within a few years of retirement.
I don't really think you have an option at this time. We haven't hit negative nominal interest rates like Japan & Europe but we're getting there. A normal US bond fund is already negative real yields.
He's planning to retire at 56, assuming he's healthy he can't be taking a negative drag on 50% of his portfolio. He could easily have 35 years left. Unless it's a mental/emotional crutch, I don't think I'd go above 30%? bonds. Unless you're betting on rates going down, right now most bonds are setting money/purchasing power slowly on fire. [Reply]
Originally Posted by ChiliConCarnage:
I don't really think you have an option at this time. We haven't hit negative nominal interest rates like Japan & Europe but we're getting there. A normal US bond fund is already negative real yields.
He's planning to retire at 56, assuming he's healthy he can't be taking a negative drag on 50% of his portfolio. He could easily have 35 years left. Unless it's a mental/emotional crutch, I don't think I'd go above 30%? bonds. Unless you're betting on rates going down, right now most bonds are setting money/purchasing power slowly on fire.
So what happens if he stays 80% in stocks and we have a major market correction in the next 3 years?
But I do understand what you're saying given his age. He will need his money to continue to work for him over 3+ decades more than likely. [Reply]
Originally Posted by Shag:
I'm not familiar - what do you like about UWMC?
I was talking to a friend of mine that is pretty hot on Wells Fargo right now. He's thinking with the eviction moratorium ending on Sept 30th, that a lot of people might be wanting to refinance mortgages on renters that haven't been paying. He also thinks that the feds are going to have to raise interest rates so the banks can start making money again.
Just guessing, but that might be something that affects UWMC as well since they deal with mortgages. [Reply]
Originally Posted by Chazno:
I would say that is assuming you can fully fund the Roth. If you can only put away 6k a year, put it in the Roth. No reason to put 3k into 529 and 3k into Roth. If your kids decides not to go to college or gets scholarships you will end up losing money or finding alternate uses for it (grandkids, neices/nephews).
The deal is though, you invest one way for your retirement and another for your child's education. I am far more aggressive with my kid's 529 than I am my Roth IRA. [Reply]
Originally Posted by rydogg58:
I was talking to a friend of mine that is pretty hot on Wells Fargo right now. He's thinking with the eviction moratorium ending on Sept 30th, that a lot of people might be wanting to refinance mortgages on renters that haven't been paying. He also thinks that the feds are going to have to raise interest rates so the banks can start making money again.
Just guessing, but that might be something that affects UWMC as well since they deal with mortgages.
There are lots of mortgage companies out there what makes this one stand out? [Reply]
Originally Posted by Shag:
I'm not familiar - what do you like about UWMC?
I've been long on it since March. Great fundamentals, leadership and a nice dividend. Its a safe play that is easily, should be and very likely soon to be worth $10+. Until it gets there the dividend makes it worthy of holding. [Reply]
Originally Posted by neech:
There are lots of mortgage companies out there what makes this one stand out?
Originally Posted by rydogg58:
I don't have a clue. That was just my best educated guess. Lew knows 1000 times more than me, so I'm curious what he sees too.
All correct and not saying this isn't a gamble. I just think this is a $10 stock in the rather near future and their earnings growth could be very nice, but yes this space is tight with competition.