71–80 of 92 posts
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Thank you for this, especially the Golden Cross / Death Cross links. I learned something today.
You didn't. Technical indicators like that are nonsense
If you're considering following the suggestions of investing in the stock market, hold off until a possible Brexit market reaction passes in March. Also, wait to see if the S&P can get up and hold steady above $2750. If it can't hold above that mark for a month or so, expect significant drop. Read up on simple moving averages (sma), relative strength index (rsi), and stochastic rsi indicators. Then read up on golden…
Thank you for this, especially the Golden Cross / Death Cross links. I learned something today.
I would add, for US markets, keep an eye on Treasury yield curve rates and look for inversions between shorter time frames and longer time frames. This has been an indicator which has preceded the last 9 US market crashes.
The bottoming of unemployment numbers and the start of a turn upwards has also been a signal.
https://stockcharts.com/freecharts/yieldcurve.php
https://www.treasury.gov/resource-center/data-chart-center/i...
https://www.bls.gov/opub/mlr/2016/article/unemployment-rate-...
Do you have debt? Yes? Pay it off! Do you have an emergency fund? No? make that your investment! Do you have 3-6 times your monthly expenses set aside? No? make that your investment! Still money left? invest in MSCI World oder S&P 500 ETFs and let it sit for a decade or two ... that should net you your 10x growth Edit: removed the MSCI EM ETF recommendation ... S&P 500 performs better.
No, yes, nearly, and no. Aren't 2 and 3 the same thing? How is money set aside an investment? Thank you!
2 is more of a "oh shit the washing machine/car/stove broke" fund. stuff that costs more than i'm willing to cut from my income on a moments notice.
3 is leverage and runway.
employer fucked up your salary payment? frustrating but you'll live.
negotiating a raise? no need to bluff, bring in your written notice and sign it in front of them. important: ask them for a pen. the look on their faces is priceless and 3 month should be enough to get a new job.
Want to go the extra mile? get a second bank account with another bank and split the money. remove the bank as a single point of failure.
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Instead of doing this focus on making more money at the actual career you've chosen and being disciplined at avoiding hedonic treadmills and at investing consistently over time. Start doing this as soon as possible, ideally from day 1 of your earning career. If you do that variations in market timing are nothing to worry about. The worst possible timer in the world comes out well ahead of >90% of the population: http…
And this imaginary "Bob" still lost a ton of potential gains and psychological trauma because of his poor timing. He did not come ahead of the 90% of investors, he was in the 90%. Investing blindly in any market is a terrible idea and ignorant advice. Buying and holding is a terrible strategy, especially during crashes or leads up to crashes. "Bob" invested at the peaks of four market cycles and suffered heavy losses…
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Great financial advice. I might quibble with the last bit, because we don't know what country the poster is in nor the time horizon for using the money. That will affect the investment possibilities. But the rest is spot on.
Actually I guess he is in the UK (the pound indicated that). Savings even more important in that case due to Brexit.
Considering the current political and economic climate : 1- Pay back as much debt as you can: Signs point to the 'cheap money' party ending relatively soon and debt will start becoming considerably more expensive to carry. 2- Bitcoin. Yes, I said it. My 2 cents: Forgetting the debate on the currency aspect and its usability as such . A politically neutral store of value has a use case and there is a tremendous need f…
Which Bitcoin with or without segwit and small or big blocks?