MARKETS,Anybody even yet?

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billryan
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Re: MARKETS,Anybody even yet?

Post by billryan »

I thought the market was going to crash and everyone was going to lose their 401Ks if they elected a socialist. Whas up wit dat?

FAA
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Post by FAA »

Yeah, my managed is similar. None of them ever actually hit or even really approach the damn “benchmarks” of DJ or S&P. That’s been a highly frustrating reality, I’ve found! SMH.

advantage playe
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Post by advantage playe »

index funds ,which mimic the s%p or other indexes , out perform managed funds in the long run . check out effient market hypotheis . or read a random walk down wall street by burton malikiel ! still cant spell but can count to apx. 10 million !

advantage playe
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Post by advantage playe »

advantage playe wrote:
Wed Nov 25, 2020 11:11 am
index funds ,which mimic the s%p or other indexes , out perform managed funds in the long run . check out effient market hypotheis . or read a random walk down wall street by burton malikiel ! still cant spell but can count to apx. 10 million !
FAA wrote:
Tue Nov 24, 2020 8:22 pm
Yeah, my managed is similar. None of them ever actually hit or even really approach the damn “benchmarks” of DJ or S&P. That’s been a highly frustrating reality, I’ve found! SMH.

FAA
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Post by FAA »

Dow has gone from 19,000 in May to 30,000 today, an increase of roughly 33%.
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BR, highly erroneous data. Dow's lowest May value was 23,750 and highest 25,400! No wonder you're so upset! So, DJ +26% using the former and 18.1% the latter. I'm only +13% since May statement, so while I'm upset, I am resigned. Decent profit on the year. Especially since I was devastated in late March and wanted to kill my advisor and most anyone in the building.

FAA
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Post by FAA »

AP, per your advice: An index fund is a mutual fund that aims to track an index (S&P or DJ). As an index fund investor, you are along for the index's ride. When it's up, your fund is up; down, you are down. An index ETF also strives to mirror the performance of its benchmark index. Like index mutual funds, ETF index funds are passively managed so investors participate in all movements of the underlying index.
So, I'm still confused. They look very similar. But ETFs are clearly under performing benchmarks. Index funds do have higher minimum investments.

billryan
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Post by billryan »

FAA wrote:
Wed Nov 25, 2020 12:50 pm
AP, per your advice: An index fund is a mutual fund that aims to track an index (S&P or DJ). As an index fund investor, you are along for the index's ride. When it's up, your fund is up; down, you are down. An index ETF also strives to mirror the performance of its benchmark index. Like index mutual funds, ETF index funds are passively managed so investors participate in all movements of the underlying index.
So, I'm still confused. They look very similar. But ETFs are clearly under performing benchmarks. Index funds do have higher minimum investments.
Dow was below 19,000 in March, not May. My Bad.

olds442jetaway
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Post by olds442jetaway »

I will never pay a financial advisor when one’s own research and fact checking can do better. No one can predict the market except maybe the handfull of people who control the financial world. Not long ago, I posted how I thought the market was on thin ice. I still believe it is, but 30,000 was recently hit. Missed the ride of the last few weeks, but OK for the year considering where we were in the spring. Just as an example, if one had 500,000 in gross gambling winnings and lost it all, no problem on the Fed side. The state however, would have stolen 35,000 bucks or so even though there was no net gambling income.
I am hearing Biden’s plan to negate the 2018 tax changes will meet strong resistence. If it does go through however, I won’t shed too many tears. The doubling of the standard deduction and cap on State and local tax deductions easily cost me 4,000 extra a year. I am forced to itemize to offset gambling losses. Without any W2Gs, I would fared so much better taking the doubled standard deduction. The double Whammey Ct gamblers got destroyed with is the inability to write off on your itemized deductions huge tax payments to the greedy state. The 10,000 cap kills most of that write off when coupled with real estate taxes and personal property taxes. I still can’t believe the State of Ct gets away with taxing one on gross gambling winnings with no ability to write off losses like on the Fed side.

seemoreroyals
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Post by seemoreroyals »

Olds, I think we should all be thankful that we don't have to pay taxes on all the freebies we get from the casinos. Imagine all the tax they could collect off the free drinks, meals, concert tickets, airfare reimbursements, and other free stuff we get from the casinos in a normal year. I am sure that they are working on it as we speak. In Texas, we don't have a state income tax but we get hammered every year by having to pay some extra tax on hand pays. We have came close on a few occasions but we have never had a positive year. I have never liked showing w2g income on one part of the tax return and offsetting with losses in a different part of the tax return. Unfortunately as our country sinks further into debt we spend far more than we bring in and the pigs eating at the federal troughs get fatter and fatter. Once the tax codes get revised, those of us in the middle will continue to be screwed probably worse than we are now. Happy thanksgiving.

advantage playe
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Post by advantage playe »

FAA wrote:
Wed Nov 25, 2020 12:50 pm
AP, per your advice: An index fund is a mutual fund that aims to track an index (S&P or DJ). As an index fund investor, you are along for the index's ride. When it's up, your fund is up; down, you are down. An index ETF also strives to mirror the performance of its benchmark index. Like index mutual funds, ETF index funds are passively managed so investors participate in all movements of the underlying index.
So, I'm still confused. They look very similar. But ETFs are clearly under performing benchmarks. Index funds do have higher minimum investments.
an etf is the same as an index fund except openly traded on the stock exchanges ! this makes it very easy to trade in and out , which defeats the purpose of holding for the long run , known as investing not gambling although there is always risk ! an economist named kane said dont worry about this so called LONG RUN , in the long run we are all dead . thats for this world not the world to come !!

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