Stock Market up 426 TODAY

[FU64RY]

UP TODAY 426.

 

[Hey-O]

UP TODAY 426.

Another good day!

 

[SteveSS]

Okay experts and or semi experts, what Fidelity fund do you think is good? The S&P 500 index is always safe I think.

 

[moparwacko]

Not an expert by any means....
But if I were to have a fidelity account with only 4-5 funds they would include these:
FGRIX growth and income
FBGRX blue chip
FXAIX S&P 500
FBALX balanced
Throw some income bond funds in such as :
FEQTX equity dividend
FAGIX capital and income
Research, research, research.

If you are comfortable managing your own investments they are an excellent tool, and costs are minimal.
And no, I do not work for them.
I'm just a retired dumb Lineman.

 

[VANDAN]

Having a Good year so far, and bettering last year. We'll have to wait out the Admin change, and see what happens in the new year ???

 

[68BabyBlue]

Years ago, I was surprised to learn that over 80 percent of the pros on Wall Street fail to beat the S&P 500 over time.

 

[Hey-O]

It's an art that can't be taught in a few easy steps. At this point in life, if you have to ask us, it's too late. There are many pros that fill their pockets first and then, throw us the scraps. It's like a dog under the kitchen table looking for a hand out or droppings. By the time WE hear about a great buy, it's usually over. It's not about us making money, it's about them using our money for them to make money. I could go on all day. If you want to invest and need help, pick a company that has a low risk business model, one is Edward Jones. Risks are for the young, it's on automatic pilot at my age. I spent my life teaching kids the importance of investing, not which ones to pick. I've been down roads, I would never invite others to follow.

 

[68BabyBlue]

X's 2. Also, when using an investment professional, you need to know if they are going to be working with you as a fiduciary. In non-legal terms, that means selecting investments that are in your overall best interests. Lower standard, permitted by law in non-retirement accounts is "suitable."

 

[toolmanmike]

Do you guys have a broker or do you invest online? If so where?

 

[68BabyBlue]

I've used Vanguard since 1985. Mail in the early days, online in the digital age. They have an extremely user friendly website for old timers like myself. Their costs used to be way lower than Fidelity, but they've become competitive under current management. As stated by @Hey-O, Edward Jones is hard to beat if you want an in person broker.

 

[HawkRod]

I am no expert by any means, actually more the opposite. BUT, the key for me has been a diverse portfolio, and most importantly, constant investment over time. This is what allowed me to retire early.
I have tried "day trading" with small amounts of money to see how it went. Yeah... well... no. It didn't work for me

 

[Hey-O]

Do you guys have a broker or do you invest online? If so where?

My brother is self made and uses Schwab to trade, not advise, cheap and fast. I followed my brother for years and then went to Edward Jones as I got older and found I was to busy with houses, work and family to do what is needed to keep up with the daily grind of being on top of my money with high risk investments. If done right, it's a job and not for the faint of heart. My broker takes care of everything, including making my house payment. This sounds crazy, I don't care what he charges, nor do I keep up with it. I'm tired of all of it. It's nice now, to not think about work, houses or money for the first time in my life. I've reached the top of the ladder, I just bought a shorter ladder..........

 

[68BabyBlue]

My brother is self made and uses Schwab to trade, not advise, cheap and fast. I followed my brother for years and then went to Edward Jones as I got older and found I was to busy with houses, work and family to do what is needed to keep up with the daily grind of being on top of my money with high risk investments. If done right, it's a job and not for the faint of heart. My broker takes care of everything, including making my house payment. This sounds crazy, I don't care what he charges, nor do I keep up with it. I'm tired of all of it. It's nice now, to not think about work, houses or money for the first time in my life. I've reached the top of the ladder, I just bought a shorter ladder..........

And both of us are down to just one red B body.

 

[dadsbee]

Been a good few weeks. Wife and I made $6500 since Tuesday without even getting out of bed. Just sent my financial place an email to pull money out for both of us.. before the drop.

 

[Hey-O]

I am no expert by any means, actually more the opposite. BUT, the key for me has been a diverse portfolio, and most importantly, constant investment over time. This is what allowed me to retire early.
I have tried "day trading" with small amounts of money to see how it went. Yeah... well... no. It didn't work for me

I day traded for years and at the end of it all, if I did any better than the average long term investor, it wasn't much and a huge pain in the a**, for me anyway. I learned early on that the earlier you start, compound interest is your best friend. If you double your money in 7 years, that early start gave me another double. I started when I was 22 with 2000 dollars.

 

[Hey-O]

And both of us are down to just one red B body.

Adam,
I've never taken you as a fool. Cars are a blast and if you got them for cheap way back when, you can make a ton. I find my car to be nothing more than a toy for my pleasure, not a money maker. To make money on them at my age, you have to sell them. I don't sell anything, I keep it for entertainment or give it away. I've been blessed in many ways and like others, I've got a little something on the bottom of my shoes in my time also............. You I like, don't change.............. Ulli.

 

[Charles Cook]

I use Merrill Lynch only because they’re through my bank that I’ve been with for 35 years. The bank I’m not so happy with lately because of all the woke BS. Merrill Lynch on the other hand has not been bad. I would not recommend BOA to anyone in this day and time.

 

[Hey-O]

I use Merrill Lynch only because they’re through my bank that I’ve been with for 35 years. The bank I’m not so happy with lately because of all the woke BS. Merrill Lynch on the other hand has not been bad. I would not recommend BOA to anyone in this day and time.

I had Merrill Lynch when I was at Chrysler. I pulled it out when I left for a new start. I never had a problem with them.

BOA, is another story. They are single handedly the worst bank I have ever dealt with. Well Fargo is another one on my list to stay away from, in my opinion. Credit Unions are my go to place to store a little money and a place for me to have a checking account. I no longer write checks unless it's forced on me.

 

[toolmanmike]

I had Merrill Lynch when I was at Chrysler. I pulled it out when I left for a new start. I never had a problem with them.

BOA, is another story. They are single handedly the worst bank I have ever dealt with. Well Fargo is another one on my list to stay away from, in my opinion. Credit Unions are my go to place to store a little money and a place for me to have a checking account. I no longer write checks unless it's forced on me.

I have been banking at our local credit union for 30+ years. They were willing to loan me money when I got into the tool business where my local bank (where I had done business with for years) turned me down. I walked in, put $100 in an account to become a new member, and walked out with a check for 12 thousand. I've been with them ever since. Checking, savings, CD's and charge cards. It's been good. Never an issue.

 

[Charles Cook]

BOA put a sour taste in my mouth when I found out that there was no closing cost on mortgages and no down payment and no credit check for first time home buyer’s as long as you’re not white. Not kidding look it up.