Gamestop?After a very poor few weeks the markets bounded back a bit today. Travel shares did well.
Anyone got any good stocks they’d recommend ?
If your investment timeline is based on 2 weeks, then being in high growth/high risk/NASDAQ stocks is a recipe for disappointment.I'm heavily in growth stocks on the NASDAQ and they've got blasted these past two weeks, I've managed to average down somewhat but it's pretty concerning, especially when the overall market has been doing very well. One big correction could really hurt these positions.
I'm not smart enough for short term US stock picks so my US investments are via OEICs (formerly Unit Trusts). They've done pretty well over the last 25 years with an average 13%-14% growth per year - much better than any other geographical sectors.If your investment timeline is based on 2 weeks, then being in high growth/high risk/NASDAQ stocks is a recipe for disappointment.
With the current sensitivity of the market, one should EXPECT 1-2% swings on a daily basis.
It’s hard to see the lower left-upper right movement in 2 weeks, but over 2 years...or more importantly 20 years.
If movement over 2 weeks has you concerned, I hope you are only speculating with “play money.”
Full disclosure: AAPL, AMZN, GOOG, GBTC, VTI, SCHP.
Those are terrific returns over such a long period of timeI'm not smart enough for short term US stock picks so my US investments are via OEICs (formerly Unit Trusts). They've done pretty well over the last 25 years with an average 13%-14% growth per year - much better than any other geographical sectors.
I certainly can't complain. The Dow and S&P are up on average 8.6% per year over that period so getting someone who knows what they're doing to make the index beating detailed investments makes a lot of sense.Those are terrific returns over such a long period of time
Averaging 13-14%, over 25 yrs....I'm not smart enough for short term US stock picks so my US investments are via OEICs (formerly Unit Trusts). They've done pretty well over the last 25 years with an average 13%-14% growth per year - much better than any other geographical sectors.
Thanks.Averaging 13-14%, over 25 yrs....
Rule of 72 means DOUBLING your money in about 5.3 years, which means £10,000 back then is now worth about £250,000-£300,000!
Bravo!
Haha! I don’t blame you! People will be tapping you up no end! ;-)Thanks.
I'm not going to say on here how much I invested back then, but yes I would agree with your calculation.
If I had focused just on US funds I would have a lot more than I currently do, but I tried to diversify as much as possible to mitigate the risk of one area doing particularly badly. As it's worked out the US has consistently outperformed everywhere else but I didn't know that was going to happen in the mid 90s. I can't complain because overall I've made about 9% pa when all investments are taken into account. As you can imagine, the US proportion has gone up over the years thanks to the spectacular performance of those funds. Interestingly though, over the last 5 years they've been fairly mid table in the fund rankings compared to their geographical peers, but still much better than the other geographies.Haha! I don’t blame you! People will be tapping you up no end! ;-)
I just made it £10,000 so people can easily see the effects of time and high level compounding!
I show my kids how, if they just put away what the Govt allows them to put away tax-free (while they can) and tax-deferred later, they’ll conservatively have $10-15M stashed away by retirement!
We have pledged to fund their Individual Retirement Accounts until they’re 25 and getting on their feet, but their 401(K) (Employer-sponsored, employee-funded) has to come out of their paycheck. My son is currently socking away about 80% of his cheque while living at home (as his job has 5 mins from the house) and his employer matches his contribution upto 3% of his pay.
It’s not doing much for his love life, but his investments are in six-figures already and he’s only 22. He graduated Uni last summer!
TIME is your friend in the investment game, so the earlier the start the better!
If he does half as well as you’ve done until retirement, that’ll still be about $10M!
However, if he did AS WELL AS YOU (13.5%), that would be (hold on to your hat!) $117,000,000!!!
Inputs - Round numbers
$100,000 Current principal
$35,000 Annual addition
45 yrs to retirement
6.5% & 13.5%
The most accurate thing ever said on this thread.TIME is your friend in the investment game, so the earlier the start the better!
Haha! I don’t blame you! People will be tapping you up no end! ;-)
I just made it £10,000 so people can easily see the effects of time and high level compounding!
I show my kids how, if they just put away what the Govt allows them to put away tax-free (while they can) and tax-deferred later, they’ll conservatively have $10-15M stashed away by retirement!
We have pledged to fund their Individual Retirement Accounts until they’re 25 and getting on their feet, but their 401(K) (Employer-sponsored, employee-funded) has to come out of their paycheck. My son is currently socking away about 80% of his cheque while living at home (as his job has 5 mins from the house) and his employer matches his contribution upto 3% of his pay.
It’s not doing much for his love life, but his investments are in six-figures already and he’s only 22. He graduated Uni last summer!
TIME is your friend in the investment game, so the earlier the start the better!
If he does half as well as you’ve done until retirement, that’ll still be about $10M!
However, if he did AS WELL AS YOU (13.5%), that would be (hold on to your hat!) $117,000,000!!!
Inputs - Round numbers
$100,000 Current principal
$35,000 Annual addition
45 yrs to retirement
6.5% & 13.5%
What if there was a pandemic and you couldn’t go anywhere and were living rent free at your parents?Each to their own and everyone has their own circumstances but there is no way I’d be putting 80% of my take home pay into my pension in my early 20’s. Fuck that.
I’d rather spend money on life experiences when I’m young even if it means a smaller pension pot when/if I retire.
Got to get the balance right. What you going to do with £117m in your 60’s?
I’d rather have cash to travel and do stuff in my younger years with enough of a pot to live a comfortable life and maybe retire a little early.
What’s high level compounding?Haha! I don’t blame you! People will be tapping you up no end! ;-)
I just made it £10,000 so people can easily see the effects of time and high level compounding!
I show my kids how, if they just put away what the Govt allows them to put away tax-free (while they can) and tax-deferred later, they’ll conservatively have $10-15M stashed away by retirement!
We have pledged to fund their Individual Retirement Accounts until they’re 25 and getting on their feet, but their 401(K) (Employer-sponsored, employee-funded) has to come out of their paycheck. My son is currently socking away about 80% of his cheque while living at home (as his job has 5 mins from the house) and his employer matches his contribution upto 3% of his pay.
It’s not doing much for his love life, but his investments are in six-figures already and he’s only 22. He graduated Uni last summer!
TIME is your friend in the investment game, so the earlier the start the better!
If he does half as well as you’ve done until retirement, that’ll still be about $10M!
However, if he did AS WELL AS YOU (13.5%), that would be (hold on to your hat!) $117,000,000!!!
Inputs - Round numbers
$100,000 Current principal
$35,000 Annual addition
45 yrs to retirement
6.5% & 13.5%
I’d be saving for a house to live in , I’m going to try and teach my child about saving into funds and how it growsWhat if there was a pandemic and you couldn’t go anywhere and were living rent free at your parents?
What if there was a pandemic and you couldn’t go anywhere and were living rent free at your parents?
I prefer your, much sharper, adage. Consider it stolen for later use! :/)The most accurate thing ever said on this thread.
The old adage “Time in the market rather than timing the market” never fails over the long term.
Never heard that but I’ll use it with clients.I prefer your, much sharper, adage. Consider it stolen for later use! :/)