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Started By
Message
re: What’s today’s narrative?
Posted on 4/10/25 at 6:29 pm to Stunrunner
Posted on 4/10/25 at 6:29 pm to Stunrunner
Glad there's someone else out on that cash limb with me. As I've posted, right now there is too much uncertainty and being in my late 60s and retired I don't need to be screwing around chasing bargains and buying, buying, buying.
The Vanguard Money Market I have my stuff sitting in is paying 1.81% return right now and that's better than charging up San Juan Hill without any guns in hopes that things will turn around when I get to the top. I'll catch up my losses pretty quickly and my wife and I are content to then tread water for a bit.
I got downvoted for saying this, I'll say it again though, I don't think this turmoil is over and the bond market ... I was going to keep what I had in equities and ride it out until all those bond shenanigans started ... in particularly scares me.
And to all the folks who think POTUS has China at his mercy, think how much of our paper they own. We may have more potential resources and clout but they aren't without weapons in this fight if they choose to hit us in weak spots.
The Vanguard Money Market I have my stuff sitting in is paying 1.81% return right now and that's better than charging up San Juan Hill without any guns in hopes that things will turn around when I get to the top. I'll catch up my losses pretty quickly and my wife and I are content to then tread water for a bit.
I got downvoted for saying this, I'll say it again though, I don't think this turmoil is over and the bond market ... I was going to keep what I had in equities and ride it out until all those bond shenanigans started ... in particularly scares me.
And to all the folks who think POTUS has China at his mercy, think how much of our paper they own. We may have more potential resources and clout but they aren't without weapons in this fight if they choose to hit us in weak spots.
This post was edited on 4/10/25 at 6:31 pm
1
Posted on 4/10/25 at 6:29 pm to Lsu05
quote:
I’d give anything to go back 2 weeks ago and sold everything.
My guy was pissed when I told him to sell, over his protestations, and that his suggestions had underperformed the SPY over the past couple years.
Just handling it all myself now.
Posted on 4/10/25 at 6:35 pm to BuckyCheese
I’m in the same exact boat. Good on you for digging your heels in. At the end of the day, when you are out they aren’t making money off of you so they lay their bodies over the tracks to keep you in even if it’s not in your best interest. When I’m down on my overall investment for the past 5 years and I see their commission come out every quarter I could puke. Insult to injury.
This post was edited on 4/10/25 at 6:40 pm
Posted on 4/10/25 at 9:01 pm to InkStainedWretch
quote:My man, that is highway robber if that's all you're getting. You need to be making 4% minimum if not 4.5%.
The Vanguard Money Market I have my stuff sitting in is paying 1.81% return right now
Posted on 4/10/25 at 9:15 pm to LordSaintly
I am going to continue to nibble.
This post was edited on 4/10/25 at 10:13 pm
Posted on 4/10/25 at 9:15 pm to Big Scrub TX
I think he's mistaken. VMFXX 7day yield is 4.23.
Posted on 4/10/25 at 10:22 pm to Big Scrub TX
I am fully aware of that. I shifted it there for right now while this s**t works itself out. One more time, I don’t think we are done with the disruptions, I don’t think there is any master plan, I think this is being figured out by the seat of their pants and because as Bill O’Reilly said on the radio today (in an interview that was generally favorable to POTUS), POTUS believes in his heart of hearts that the best deals come from chaos.
I am not comfortable with equities or bonds right now until there’s clarity. I’m old, I need this money and it’s not a game to me like it is to some folks, scoring and losing and scoring and losing and scoring “because the market always goes up” because I am in the home stretch here and don’t have time for the roller coaster anymore.
I am not comfortable with equities or bonds right now until there’s clarity. I’m old, I need this money and it’s not a game to me like it is to some folks, scoring and losing and scoring and losing and scoring “because the market always goes up” because I am in the home stretch here and don’t have time for the roller coaster anymore.
This post was edited on 4/10/25 at 10:28 pm
Posted on 4/10/25 at 10:22 pm to lsu xman
Yeah I read the numbers wrong.
Posted on 4/10/25 at 11:44 pm to InkStainedWretch
quote:OK, so to confirm: you're getting 4%+?
Yeah I read the numbers wrong.
If so, you're all good.
Posted on 4/11/25 at 12:07 am to Big Scrub TX
Yes 7-day yield is 4.23%. That’s not stupendous but I will take that right now until this shakes itself out. We’re not putting it under our mattress and like a friend who also converted to cash told me, interest never sleeps.
I know I will have to get back into some level of equities. We actually had lowered our allocation of equities as we got older and we were going to try to ride it out but again the turmoil in the bond market is the No. 1 reason we called timeout.
I know there’s no way to get certainty, I’m not a newbie at this. I just need a little clarity and there’s way too much “mud in the water” right now, and I am not as trusting of or loyal to or have total faith in political leaders, regardless of party and philosophy, as many folks are here, that they’ve got stuff like this under control and everything will work out.
I know I will have to get back into some level of equities. We actually had lowered our allocation of equities as we got older and we were going to try to ride it out but again the turmoil in the bond market is the No. 1 reason we called timeout.
I know there’s no way to get certainty, I’m not a newbie at this. I just need a little clarity and there’s way too much “mud in the water” right now, and I am not as trusting of or loyal to or have total faith in political leaders, regardless of party and philosophy, as many folks are here, that they’ve got stuff like this under control and everything will work out.
Posted on 4/11/25 at 7:03 am to Lsu05
quote:
When I’m down on my overall investment for the past 5 years
VTSAX is up 84% over the past 5 years, your dude fricking sucks if you're down.
Posted on 4/11/25 at 7:33 am to PNW_TigerSaint
Today's narrative...
Partly cloudy skies, sun comes out after some rain early in the morning, clearing and nice day thereafter!
Partly cloudy skies, sun comes out after some rain early in the morning, clearing and nice day thereafter!
Posted on 4/11/25 at 11:16 am to Lakeboy7
quote:
If you are a large investor or institutional investor you putting big chunks in the market after the last 90 days?
I run a hedge fund and this correction is in line with our base case for the year. I am loving it because we are about even for the year and we still expect the markets to finish -5% to +10%. So, yes, I have 100% in and considering margening up another 25% or so.
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