Ford Motor Co. > $20 mark for the first time in 2 decades

[RickMachE]

You wouldn’t have said that during the “lost decade” where buying the market from 2000-2010 yielded a 0% return.

If you’re not sure what to do, work with a professional. If you don’t know how to plumb a sink, hire a plumber.

If you're not sure what to do, get educated, including understanding how many "professionals" are taking a significant portion of your assets, every day, regardless of the return they earn, or don't earn, for you. Professionals rarely recommend low cost index funds, for a reason.

And, contrary to the Mach1E's assertion, I owned low cost mutual funds during that period, including index funds.

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[Mach1E]

If you're not sure what to do, get educated, including understanding how many "professionals" are taking a significant portion of your assets, every day, regardless of the return they earn, or don't earn, for you. Professionals rarely recommend low cost index funds, for a reason.

And, contrary to the Mach1E's assertion, I owned low cost mutual funds during that period, including index funds.

Yes, learning to plumb a sink is also an option. As long as you have the time, knowledge and desire, you can do anything yourself.

If missing any one of those things, hire a pro.

Mutual funds are professionally managed FWIW.

And investment picking is only a small portion of what a professional should be helping you with. I used to cut my own grass, for a very long time. Last year I hired a lawn service and realized how bad of a job I was doing. Lawn never looked so good.

 

[RickMachE]

Index mutual funds are, by their very nature, not actively managed. They follow an index.

Doing something yourself - like plumbing or cutting the grass, is not the same as learning enough to understand how plumbing or grass cutting is done. If you are putting your savings into the market, you should have a basic understanding of what you're investing in. The book I recommended helps you get there. Responsible investors can probably get it free from their library.

Long term investment returns from low cost index mutual funds will be the most successful path for the majority of investors. Many individual stock investors do little research and buy and sell based on peer pressure and emotion.

The 3 fund portfolio consists of Vanguard Total Stock Market Index Fund, Vanguard Total Bond Market Index Fund, and Vanguard Total International Stock Market Index Fund. Eliminating the international component can also be a good choice.

If one seeks professional guidance, be very aware of how that investment advisor is compensated, and ask questions. If you don't understand the answers, pick another advisor. Educating yourself about how to pick an investment advisor, for those considering that path, is highly recommended.

 

[ZuleMME]

The market can always take dives. Generally speaking the advice to bet on the market as a whole using index funds is the best long term low management investment you can make. But as always you need your risk to taper off as you approach"needing" the assets. If you lost big in the .com bust with index's you'd also have made your money back if you just waited longer...

I don't like to mess with individual stocks, but Ford is a money maker at the moment and it's always fun to win.

 

[RickMachE]

What you invest in (i.e. low cost index funds) clearly needs to be adjusted to match your risk profile. A young person, in their 20s, may go with an 80 or 85% stock index / 15 or 20% bond index mix. A person in their 40s may go with a 70% stock index / 30% bond index mix. A person in their 50's may shift to 60/40, and then as they get into their 60s shift to 50/50.

Of course investment mix depends on your annual needs in retirement, and the amount of assets you have. If you spend $100k a year, and have $3 million, without earning anything (and ignoring inflation), you have 30 years of spending. Your mix might be more aggressive (i.e. more stocks, less bonds) than someone your age that spends $100,000 a year but only has a 20 year "supply", i.e. $2 million.

That's why I led off with educating yourself.

 

[ChasingCoral]

My $10.02 cost basis is looking mighty fine right now

I bought in at $4-5 last March at the bottom of the COVID crash. I'm happy with that move!

 

[67 Stang Convertible]

You wouldn’t have said that during the “lost decade” where buying the market from 2000-2010 yielded a 0% return.

If you’re not sure what to do, work with a professional. If you don’t know how to plumb a sink, hire a plumber.

Not sure we are in agreement or not. Agreed "hire a plumber" but not one that is going to "Rape and Pillage" you with costs and fees. IMO, financial planners do not show consistently better returns than the low cost/low fee providers like Vangard and TIAA-Cref ect..... However, they are very happy to charge you thousands of dollars for less ROI than the big low cost financial firms.

 

[67 Stang Convertible]

What you invest in (i.e. low cost index funds) clearly needs to be adjusted to match your risk profile. A young person, in their 20s, may go with an 80 or 85% stock index / 15 or 20% bond index mix. A person in their 40s may go with a 70% stock index / 30% bond index mix. A person in their 50's may shift to 60/40, and then as they get into their 60s shift to 50/50.

Of course investment mix depends on your annual needs in retirement, and the amount of assets you have. If you spend $100k a year, and have $3 million, without earning anything (and ignoring inflation), you have 30 years of spending. Your mix might be more aggressive (i.e. more stocks, less bonds) than someone your age that spends $100,000 a year but only has a 20 year "supply", i.e. $2 million.

That's why I led off with educating yourself.

I think this guy is my new favorite forum member; and it has nothing to do with his 1st name and color choice of MME. "Brother from another Mother"!!! Keep Preaching!!!

 

[RickMachE]

I think this guy is my new favorite forum member; and it has nothing to do with his 1st name and color choice of MME. "Brother from another Mother"!!! Keep Preaching!!!

Hey brother ? , can I borrow your '67 Stang Convertible for an upcoming road trip? ??

 

[67 Stang Convertible]

Hey brother ? , can I borrow your '67 Stang Convertible for an upcoming road trip? ??

Well........... happy to offer you a ride around town if you ever are on my side of the globe. ?

 

[Davedough]

I'm considering buying into the Rivian IPO today, but I've been burned buying in early at IPOs before (I'm looking at you CHPT). I have a play account that I use for day or swing trading that is completely separate from my 401k and Vanguard accounts. Kinda thinking I might throw 10k at it and see what happens. I paused on RBLX when I could have bought at $65 and look where it is now.

 

[Mach1E]

Index mutual funds are, by their very nature, not actively managed. They follow an index.

Doing something yourself - like plumbing or cutting the grass, is not the same as learning enough to understand how plumbing or grass cutting is done. If you are putting your savings into the market, you should have a basic understanding of what you're investing in. The book I recommended helps you get there. Responsible investors can probably get it free from their library.

Long term investment returns from low cost index mutual funds will be the most successful path for the majority of investors. Many individual stock investors do little research and buy and sell based on peer pressure and emotion.

The 3 fund portfolio consists of Vanguard Total Stock Market Index Fund, Vanguard Total Bond Market Index Fund, and Vanguard Total International Stock Market Index Fund. Eliminating the international component can also be a good choice.

If one seeks professional guidance, be very aware of how that investment advisor is compensated, and ask questions. If you don't understand the answers, pick another advisor. Educating yourself about how to pick an investment advisor, for those considering that path, is highly recommended.

Exchange traded funds are passively managed.

Mutual funds are actively managed.

Just one of many small technical terms that can get confusing.

I’ll say it again:
Time, knowledge, and desire.

That’s what’s required to do it yourself. And there is nothing wrong with doing it yourself. I absolutely agree that if you do, you need the “knowledge” part to do it well!

When I cut my grass this is what I did for decades:
Mow every other week.
Trim 1x monthly
Edge 1x quarterly
Fertilize 1x yearly

Last year I got serious and sodded my yard and got a lawn service and chemical service. They:
Mow weekly
Trim weekly
Edge weekly (even edge around all sprinkler heads which never occurred to me)
Spray for weeds monthly
Fertilize quarterly
Treat for chinch bugs in season and fungus as needed
Treat for pests bimonthly

Yard looks fantastic and they do stuff I never even thought to do. I didn’t know what I didn’t know. But it costs a couple hundred a month.

At my old house, across the street was a rental with a fantastic yard. The owner (retired) was there doing yard work daily. He loved it. He would never hire a lawn service.

You could drive down any street and look at yards and guess who has a lawn service pretty easily. Every once and a while you’d guess wrong. It’s really a retired guy with a lot of skill and all the time in the world.

I feel the same about finances.

 

[Mach1E]

Not sure we are in agreement or not. Agreed "hire a plumber" but not one that is going to "Rape and Pillage" you with costs and fees. IMO, financial planners do not show consistently better returns than the low cost/low fee providers like Vangard and TIAA-Cref ect..... However, they are very happy to charge you thousands of dollars for less ROI than the big low cost financial firms.

I think we would agree.

I say, if you need one, hire a good plumber that charges reasonable rates and does more for you than just helps pick investments, I mean fix leaks.

 

[67 Stang Convertible]

I'm considering buying into the Rivian IPO today, but I've been burned buying in early at IPOs before (I'm looking at you CHPT). I have a play account that I use for day or swing trading that is completely separate from my 401k and Vanguard accounts. Kinda thinking I might throw 10k at it and see what happens. I paused on RBLX when I could have bought at $65 and look where it is now.

What is Rivian's symbol? Is today the 1st day?

 

[ZuleMME]

What is Rivian's symbol? Is today the 1st day?

RIVN - Not available to general yet... Not sure when that's coming? IPO is $78.

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