51–60 of 73 posts
Have a financial advisor manage it on my behalf. They know the schedule of risk, but at least a portion of it will be in Vanguard (Fidelity), slowly phasing out stock for bonds as I become a decrepit cripple.
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If the market crashes. My expectation is for the S&P to keep going up to the moon. Maybe with a brief crash at some time, but it's got an entire Congress worth of corruption behind it now. Never bet opposite of people with the power to influence the outcome. Look what happened with COVID: it crashed, but then politicians immediately and for a long time printed a shitload of money to make it stop crashing. This is the…
S&P 500 has those with nukes behind it. That is all that matters, so 100% VFIAX.
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I'm sure you're already aware of the general consensus around how speculative cryptocurrency and meme stocks are but it's worth repeating that this is a very dubious approach. On GME specifically, this is a good documentary to watch: https://youtu.be/5pYeoZaoWrA?si=OuRp-NxyiYR8XmA0 I think it's worth it for you to consider reducing your allocation to these even if you have strong conviction in their long term success…
Oof, no. I'm well aware of the advice and I don't agree with it. I expect GME to crash and burn. I was going to change jobs at some point, in which case my traditional 401K funds will just disappear because they are not vested. If I happen to win the blue moon GME lottery I'll just stay a bit longer to vest the winnings. In my specific situation it's essentially buying memes with someone else's money at zero downside…
Thanks for sharing, but for most this is, as you said, terrible investment advice.
Have a financial advisor manage it on my behalf. They know the schedule of risk, but at least a portion of it will be in Vanguard (Fidelity), slowly phasing out stock for bonds as I become a decrepit cripple.
Got an idea how much he/she/they are charging you in fees?
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Oof, no. I'm well aware of the advice and I don't agree with it. I expect GME to crash and burn. I was going to change jobs at some point, in which case my traditional 401K funds will just disappear because they are not vested. If I happen to win the blue moon GME lottery I'll just stay a bit longer to vest the winnings. In my specific situation it's essentially buying memes with someone else's money at zero downside…
This is novel to me. The last line is critical though, this only works if you are out-investing a maxed out 401k. Meaning, after investing over $20k, if you are investing an additional $100k, you are better off taking risks in that 401k because a moonshot there would be well protected and a loss there would be minor relative to other investments you presumably have. Thanks for sharing, but for most this is, as you sa…
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> I believe there is a high chance in BTC going up drastically more in the next 1 year, in which case I'll sell and the government can't lay their rotten hands on a penny of it. If BTC crashes due to some short term economic crisis, I'll just hold until it goes back up some time in the next 25 years, which I believe is nearly certain. curious why you think this?
BTC is highly volatile but it has a more predictable cyclic behavior than any other investment in the past 3 decades, and for largely mathematical reasons. Even if that cyclic behavior breaks, I think the US economy and foreign policy is so unhealthy right now that BTC is widely becoming a new store of value across the world. It's a lot easier to deal with than gold. You can believe otherwise; I'm not here to argue,…
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What fees does betterment have if any? What allocations have you opted for?
.25% on top of any investments you have through them, on top of the fund expense ratio https://www.betterment.com/pricing That is 62k gone to fees assuming: 12k start, 12k put in per year. for 30 years at 7%.
In your example that 67k is 4.8% of your investments. And that's not including the fees of the ETF or mutual funds you get invested in.
I would never even think about touching this service - why would anyone use this?
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Got an idea how much he/she/they are charging you in fees?
0.9% of managed assets.
Hope they're doing more for you then just managing your investments
was in similar position -- rolled all previous employers into vanguard IRA, self directed; VTI, NVDA, JPM, COST, MRK... have not regretted decision to take direct control
One downside of rolling it into an IRA is that you'll pay more in taxes to do backdoor roth IRA conversions every year. I think it's better to leave it in 401k if the fund options / fees are acceptable.