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hsfolk
Louisiana Tech Fan
Member since Sep 2009
13900 posts

Dow 23K soon
tax code overhaul is having a major effect on the market



leoj
Texas A&M Fan
Member since Nov 2010
2410 posts

re: Dow 23K soon
What happens when the tax code overhaul doesn’t happen


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67
GenesChin
Army Fan
The Promise Land
Member since Feb 2012
28863 posts

re: Dow 23K soon
quote:

Dow 23K soon


Measuring the market performance using the Dow is the equivalent of measuring the wind by licking your finger and sticking it in the air

Something like 25% of DJIA's YTD results are based on Boeing's stock. That's just stupid


TheBoo
New Orleans Saints Fan
The Bay Area
Member since Aug 2012
1594 posts

re: Dow 23K soon
quote:

Dow 23K soon



False, the economy will collapse under Trump remember?
This post was edited on 10/5 at 12:50 pm


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107
50_Tiger
LSU Fan
Dallas TX
Member since Jan 2016
10191 posts

re: Dow 23K soon
All I know is my 401k is up 20% YoY


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141
jimbeam
USA Fan
University of LSU
Member since Oct 2011
45247 posts

re: Dow 23K soon
SP500 at all time high. Better?


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70
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
36453 posts

re: Dow 23K soon
When John Public is talking about how the market is only going up, up up ... it is time to sell.


Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
7926 posts

re: Dow 23K soon
At least take some profit. But your point is well taken. By some.


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jimbeam
USA Fan
University of LSU
Member since Oct 2011
45247 posts

re: Dow 23K soon
We've been saying that for the last 5000 Dow points


birdieman
Alabama Fan
NOLA
Member since Dec 2012
737 posts

re: Dow 23K soon
I'm 43 and my 401k has grown in ways I've never thought possible in a year. I am tempted to scale is back as it's very aggressive. Does that make any sense to do at my age. I am not talking about my contribution just changing allocation. I am in a target year 2050 fund because I just picked it because I wanted to be mostly stocks.


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GenesChin
Army Fan
The Promise Land
Member since Feb 2012
28863 posts

re: Dow 23K soon
quote:

Does that make any sense to do at my age. I am not talking about my contribution just changing allocation


Have you ever played that arcade game where a light spins in a circle and the goal is to time it so you hit the button when the light is directly in front of you? Timing the market for 99.99999% of people is like playing that game with your eyes closed. The final .00001% of people are elite financial/economic minds that get to play the game with their eyes open


So what should one do? The answer is to determine your acceptable level of risk and plan accordingly

-Are you okay with the risk of your 401k of mostly stocks dropping a lot with the hope it can earn it back before you retire?

-Are you okay with the risk of changing your 401k to be less equity/stock focused and missing out on larger market gains?


The answer depends on what your acceptable levels of risk are. You'll have to do that research to make an informed assessment
This post was edited on 10/5 at 10:20 pm


Shepherd88
Member since Dec 2013
1766 posts

re: Dow 23K soon
Wait... so it’s not all about dropping everything in vanguard total stock market?? Lol


birdieman
Alabama Fan
NOLA
Member since Dec 2012
737 posts

re: Dow 23K soon
Thank you.
This post was edited on 10/6 at 11:23 am


Shepherd88
Member since Dec 2013
1766 posts

re: Dow 23K soon
Hey man it’s your money, don’t step over a nickel to save a dime.

The help is out there for those who don’t know or care to know about all this. It is after all, life savings.


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10
GenesChin
Army Fan
The Promise Land
Member since Feb 2012
28863 posts

re: Dow 23K soon
quote:


Sorry everyone is not as well versed as you, sir. Kiss my ass.


I don't think it was directed at you but those who make one size fits all blanket response "the best thing anyone can do is invest in Vanguard fund"




birdieman
Alabama Fan
NOLA
Member since Dec 2012
737 posts

re: Dow 23K soon
Maybe. I was told just put it in and forget it. And I have luckily. Just seeing lots of ppl saying protect profits and wondering if this historic run was a good time to do that. My 401k gains exceeded my income this year for the first time so I took notice.
This post was edited on 10/6 at 11:24 am


jimbeam
USA Fan
University of LSU
Member since Oct 2011
45247 posts

re: Dow 23K soon
Go look for studies about "missing the best stock market days". You don't have to miss many to start losing gains big time. Best to just rebalance when need be and ride the waves because they go up over the long haul.


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20
GenesChin
Army Fan
The Promise Land
Member since Feb 2012
28863 posts

re: Dow 23K soon
quote:

Maybe. I was told just put it in and forget it. And I have luckily


Historically that strategy has been effective for people until they start to get near retirement age.

quote:

Just seeing lots of ppl saying protect profits and wondering if this historic run was a good time to do that.


You said you were 43 probalby retire what 60-65? The set it and forget it argument is this

If you were 43 in 2007 and kept your money in your account you'd still be ahead today in 2017 at age 53 after the worst financial crisis in a long time.

quote:

saying protect profits


In order to protect profits, you have to sacrifice potential profits.

If you sold Boeing at its 52 week high back in ~May(?) you'd be watching it soar even higher now in October. Conversely, look at all the stocks who have 52 week highs that aren't today meaning they have fallen since then.


The answer again comes down to, at what point do you decide "I'm happy with having made this much and want to protect myself"


Just keep in mind that if you protect yourself at 43 and markets go up next 3-4 years, you will can afford less than you did before



birdieman
Alabama Fan
NOLA
Member since Dec 2012
737 posts

re: Dow 23K soon
Ok. Thanks guys.


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