Chaz
Trad climber
greater Boss Angeles area
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Dec 31, 2018 - 02:09pm PT
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Not counting today I’m up 0.7% for 2018.
It's like money in the bank!
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Reilly
Mountain climber
The Other Monrovia- CA
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Dec 31, 2018 - 02:32pm PT
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And money is just as good as cash, right, Yogi?
I am kinda worried about running outta caviar tonight and I don’t want to spend any more
carbon credits this year driving down to the store to get more. 😬
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Gary
Social climber
Desolation Basin, Calif.
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Dec 31, 2018 - 03:38pm PT
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Why not just have your man fetch it?
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Dec 31, 2018 - 04:17pm PT
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The headline reads:
US stocks post worst year in a decade as S&P 500 falls more than 6%
https://www.msn.com/en-us/money/markets/us-stocks-post-worst-year-in-a-decade-as-sandp-500-falls-more-than-6percent/ar-BBRDkcv
And of course, Obama became President in Nov. 2008, after most of the market losses were done.
And then, we Americans enjoyed a wonderful upward run in the markets, which continued through 2017.
It couldn't last forever, but let's not praise or blame the politicians involved.
Here's to better luck next year! I'll see how I did in 2018 tomorrow, but it ain't going to be pretty.
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Reilly
Mountain climber
The Other Monrovia- CA
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Dec 31, 2018 - 06:29pm PT
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I couldn’t let him go, Gare, he had to finish his bake...
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blahblah
Gym climber
Boulder
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Dec 31, 2018 - 06:38pm PT
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Quote Here And then, we Americans enjoyed a wonderful upward run in the markets, which continued through the first full year of Trump being President.
It couldn't last forever, but I blame our current idiot-in-chief.
Fritz, I thought this thread could be a "safe place" where people of different political persuasions could share their views on markets and investing (as futile as that is) without overt political attacks.
But since you make it an issue: if Trump is blamed for 2018, is he credited for 2017? We all know it's hard to say how much effect the prez has on the markets, and most semi-informed commentators (such as yours truly) believe it's less than the media portray and public-at-large think.
Anyway: 2018 was a poor year for buy and holders such as myself, and no guarantee 2019 will be better. It could be much worse. To be a real buy and holder, you have to be prepared for very large paper losses in a bear market, such as 40-50%. If you can do that, and if history more-or-less repeats itself, it's been a good strategy in the past. But no guarantees in investing. It's a bit of a slice of life: You can be totally reckless and maybe it will work out great, or you can think you're doing everything you're supposed to do, being very careful and meticulous, and still end up screwed.
I'm not a bible thumper, but I believe the following is on-point for how our various investments will work out:
I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all.
Happy investing to all in 2019: always interesting to see how things unfold, even when it's not always to our liking.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Dec 31, 2018 - 07:12pm PT
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blahblah! Per your mention:
Fritz, I thought this thread could be a "safe place" where people of different political persuasions could share their views on markets and investing (as futile as that is) without overt political attacks.
You've got me! I beg for civility on this forum & then serve up some bile.
I will delete the Trump part of my previous post & beg other folks who post on this thread to not turn it into a political thread.
Happy New Year folks!
 Missing photo ID#548298 |
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Splater
climber
Grey Matter
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Dec 31, 2018 - 07:32pm PT
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Without getting political, there are economic effects caused by our leaders. I would say there was indeed a rise in the market that can be attributed to Trump. Mainly due to the tax cut (mostly for the rich). However, because the cut is financed with debt, eventually it will come due, and the economy will take a hit. But in the meantime Wall street will have sucked up even more of the long term gross national well-being.
The market mostly correlates to how well the wealthy are doing, so any cut in social programs such as health care is taken to be a good thing. Similarly, environmental protection is not a consideration to most profit making, since environmental effects are mostly external costs.
And as has already been mentioned, the impacts and fears of tariffs will have effects on equities markets.
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briham89
Big Wall climber
santa cruz, ca
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This thread has become a pompous, gloating, windbagger circle jerk.
Great contribution.
Carry on.
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WBraun
climber
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As far as 2019 goes ....
You can be 100% accurate that you Americans will fuk it up too .....
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Jan 1, 2019 - 05:03pm PT
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It was not a "gud" year in the markets for Heidi & me.
We lost 4.94% vs the S&P 500 index losing 5.69%.
So! I'll drink to beating the S&P, which gets some mutual fund managers big bonuses.
The important thing is, this setback brings our 23 year average yearly gain in the stock markets down to 8.84%.
I'll drink to that again! Sluuuuuuurp!
Next year for sure! Idaho is some of the best "next year" country on earth.
Happy New Year!
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Jan 2, 2019 - 08:20am PT
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Indeed! Back to the concept of low-fee mutual funds, which Vanguard is noted for.
This chart shows my Vanguard gains from 1/1/2009 to 1/1/2019.
I suppose it doesn't look like much of an increase.
Missing photo ID#548425
The total gain on the chart for 10 years is 130.15% or an average of 13% yearly. My Vanguard investments are a mix of actively-managed stock funds, index stock & bond funds, & shorter duration bond funds. As I mentioned previously, the Vanguard Healthcare Fund has been a long-term winner. It even managed a 1.21% gain in 2018. My only stock fund with a gain.
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surfstar
climber
Santa Barbara, CA
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ha! bargainhunter gets it
Bogleheads will provide the true info you need
investing should be boring
get rich slowly
nobody known nuthin
people who tell you otherwise are full of it
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matty
Trad climber
under the sea
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Fantastic photo Fritz! Happy and prosperous new year to all.
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Happiegrrrl2
Trad climber
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I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.
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EdwardT
Trad climber
Retired
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Happiegrrrl2
Trad climber
Jan 2, 2019 - 09:11am PT
I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.
What invests would you recommend?
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Reilly
Mountain climber
The Other Monrovia- CA
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I'm anti stock market.
There’s my first big shock of the year. Happie, a bunch of hippies didn’t make yer van.
And 9 billion people are really a few too many for a barter system.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Jan 2, 2019 - 09:24am PT
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Oh the HORROR of spending that filthy money!
It's filthy money gained, for the most part, on turning companies into prostitutes
(That must be why I drink fine red wines to forget how filthy my filthy stock-grubing hands are.)
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Toker Villain
Big Wall climber
Toquerville, Utah
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The human race is going to hell, so I'm gonna grab my pile and ride it like Slim Pickens.
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