F9 IPOs at $6.3B EV, same as NK?
04-09-2021, 05:11 AM
#21
Gets Weekends Off
Joined APC: Oct 2010
Posts: 4,603
You could be trying to diversify into other investment vehicles. Real estate, Roth IRA, even a brokerage account... There are plenty of reasons why people would rather invest their money outside of a 401k, especially when the company is already putting in more than what most people do without the match.
04-09-2021, 05:59 AM
#22
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,203
The stock market is a little bit like Las Vegas. A lot of the money people make in it is money that other people lost in it...
04-09-2021, 07:07 AM
#23
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Joined APC: Oct 2010
Posts: 4,603
real estate is full proof. In 2008 git furloughed and holding the bag on a house worth half as much as I paid. I keep all my savings buried literally in holes around the country. I have a safe in a secret location with the map to the holes. The combination to the safe is with a trusted friend and only he knows the combination. He will only give out the combination with a password. Only he knows the password. His dog is the only other soul that knows it. I don’t even know it
04-09-2021, 08:18 AM
#24
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Joined APC: Jan 2009
Posts: 1,269
real estate is full proof. In 2008 git furloughed and holding the bag on a house worth half as much as I paid. I keep all my savings buried literally in holes around the country. I have a safe in a secret location with the map to the holes. The combination to the safe is with a trusted friend and only he knows the combination. He will only give out the combination with a password. Only he knows the password. His dog is the only other soul that knows it. I don’t even know it
Bet that house would be worth a lot more right now.
04-10-2021, 02:08 PM
#25
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Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,486
The stock market is better than Vegas or holes in the ground.
The S&P500 has gone up 10% on average for the last forever. And you don't need to repaint, change the carpets, or worry about the lawn. Buy and hold. Don't try to time it. But shares of low cost index funds, don't sell and keep buying. It works. As long as you don't panic sell and then wait 2 years to get back in.
The S&P500 has gone up 10% on average for the last forever. And you don't need to repaint, change the carpets, or worry about the lawn. Buy and hold. Don't try to time it. But shares of low cost index funds, don't sell and keep buying. It works. As long as you don't panic sell and then wait 2 years to get back in.
04-10-2021, 02:48 PM
#26
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Joined APC: Jan 2009
Posts: 1,269
F9 IPOs at $6.3B EV, same as NK?
The stock market is better than Vegas or holes in the ground.
The S&P500 has gone up 10% on average for the last forever. And you don't need to repaint, change the carpets, or worry about the lawn. Buy and hold. Don't try to time it. But shares of low cost index funds, don't sell and keep buying. It works. As long as you don't panic sell and then wait 2 years to get back in.
The S&P500 has gone up 10% on average for the last forever. And you don't need to repaint, change the carpets, or worry about the lawn. Buy and hold. Don't try to time it. But shares of low cost index funds, don't sell and keep buying. It works. As long as you don't panic sell and then wait 2 years to get back in.
You don’t need your own money to invest in real estate. Last time I checked you can’t take out a loan and have someone else pay it if you want to invest in the stock market.
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04-10-2021, 03:17 PM
#27
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Joined APC: Oct 2017
Posts: 3,283
04-10-2021, 03:19 PM
#28
Perennial Reserve
Joined APC: Jan 2018
Posts: 12,203
Sure you can, it’s called buying on the margin - if you are stupid enough to play that game. But the low overhead tax efficient index fund is a slow but sure winner. Real Estate? Got a shyster neighbor that simply doesn’t pay his mortgage. Or taxes. He hasn’t paid a dime since the foreclosure ban went into effect. So how have your rentals done the past year?
04-10-2021, 04:33 PM
#29
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Joined APC: Jan 2009
Posts: 1,269
F9 IPOs at $6.3B EV, same as NK?
Sure you can, it’s called buying on the margin - if you are stupid enough to play that game. But the low overhead tax efficient index fund is a slow but sure winner. Real Estate? Got a shyster neighbor that simply doesn’t pay his mortgage. Or taxes. He hasn’t paid a dime since the foreclosure ban went into effect. So how have your rentals done the past year?
My two rentals have done great the last year. Luckily they’re in decent neighborhoods and the rent is high enough to not attract that type of tenant. But even if they did stop paying and I had to cover the mortgage it’s still an investment that is appreciating. If a home goes up a set percentage it’s the same as an index fund going up a certain percentage. Just haven’t found a way to take a $300k loan out and invest it into an index fund, but let me know what brokerage is giving you that kind of leverage and maybe I’ll change my mind.
But I’m not by any means saying it’s the best investment or only investment. Just saying that not everyone who doesn’t max out their 401k is doing something wrong.
Last edited by TrojanCMH; 04-10-2021 at 04:59 PM.
04-10-2021, 06:20 PM
#30
Gets Weekends Off
Joined APC: Sep 2005
Posts: 1,735
The stock market is better than Vegas or holes in the ground.
The S&P500 has gone up 10% on average for the last forever. And you don't need to repaint, change the carpets, or worry about the lawn. Buy and hold. Don't try to time it. But shares of low cost index funds, don't sell and keep buying. It works. As long as you don't panic sell and then wait 2 years to get back in.
The S&P500 has gone up 10% on average for the last forever. And you don't need to repaint, change the carpets, or worry about the lawn. Buy and hold. Don't try to time it. But shares of low cost index funds, don't sell and keep buying. It works. As long as you don't panic sell and then wait 2 years to get back in.
