The Retirement Planning/ Investment/ Savings Thread (9 Viewers)

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I'm definitely not going to bother trying to time anything. Keep maxing my 401k and Roth, if there's still a country in 30 years I can probably retire, and if there isn't no investment plan was gonna save me anyway.

anybody want to talk about the wages that were paid back in the “olden days” compared to the cost of a house “back in the Middle Ages”

You guys act like everyone made $95,000 a year and houses were a couple hundred bucks. Fuck you all, you want to complain about how it is now in YOUR world, but if anyone talks about how it was (and it was the same) it’s “ok boomer”.

ITS NEVER BEEN EASY FOR YOUNG PEOPLE STARTING OUT.

I don’t have sympathy for someone looking for a “ladder”. I don’t have any advice that you will listen to because “it’s hard”. Boo fucking hoo, your hair barrettes are going to cost you $2 now instead of $1.89. Suck it up, get a second job if you are just sitting around playing games on your $2000 PlayStation and your $150 month internet feed.

If you are a member of this site then you have no room to bitch about “how hard it is”. You are in luxury land and nobody cares if your china chips are $.47 or $1.08. When you have to buy food instead of poker chips - or use your McDonald points because you have no money to eat - then your whiny shit may be worth listening to.

I think a lot of young people are looking for get rich quick schemes and are way too used to spending on a lot of the conveniences of modern life instead of saving. Costs have gone up, but wages have too. People max out their credit cards on dumb shit, and use student loans as an alternative to finding a job. The housing complaint, however, is pretty genuine. In 1990 the median homebuyer was ~35 years old, now it's 56. The median home price in 1985 was about 3.5 times the median household income, now its about 6 times as much. Homeownership in the place you work or where you grew up is off the table for most people under 40 unless you're making double median income or received a windfall in some form.

 

[Poker Zombie]

The housing complaint, however, is pretty genuine.

I will agree on this.

Investors own roughly 24% of the single-family housing market. Institutions account for about 10% of this, but the rest is smaller groups/individuals that own more than one house and rent or AirBnB all but their main home. This spiked in the 2009 housing crisis as those who had the means and forethought bought up foreclosed homes for a fraction the price. They have no reason to release these homes, and they shelter the income as a business or in a trust, creating generational wealth.

There was another twist in the housing market after the 2020 pandemic. Work from home became a thing, and people that once would have rented an apartment in a metro area are now renting in the suburbs. Developers are taking advantage of this as well.

I can't imagine anything that would cause this trend to change.

 

[Taghkanic]

And that is how you play the short game…

But buying and selling is not for everyone, as I say, your mileage may vary.

EDIT, forgot to say thanks to all that DM me who are looking for the info that I was using and I will be using email in the future to communicate with you all, because we’re not out of the woods yet, now that all the auto trades are done, we have to sit by a couple days and see how things shape out, especially with China,

The vast majority of people who try to time the market, pick stocks, etc. do worse than if they had just bought an index fund which invests broadly in the overall market and held it long-term without regard to the ups and downs.

This includes almost all investment advisors.

The ones who do better in the short-term are mostly just lucky, but they all think they are geniuses. Meanwhile you pretty much never hear from anyone who tried to get in on a falling market, but picked the wrong moment.

 

[Poker Zombie]

The ones who do better in the short-term are mostly just lucky, but they all think they are geniuses.

I'm sorry, are we taking about investing or poker players?

 

[DrStrange]

I have neglected to diversify my holdings into more than my home currency - 95+% of my assets are denominated in US Dollars. The thought being that my retirement expenses were going to be US Dollars only, so why "protect myself" against currency variation.. I am beginning to wonder if that was/is a mistake.

Should we be diversifying into non-US Dollar assets? Not thinking so much about world equity funds as that is partially deferent than currency hedging. Rather holding assets in other parts of the world / other currencies to partially insulate us from a decline in the US Dollar.

 

[Highli99]

I have neglected to diversify my holdings into more than my home currency - 95+% of my assets are denominated in US Dollars. The thought being that my retirement expenses were going to be US Dollars only, so why "protect myself" against currency variation.. I am beginning to wonder if that was/is a mistake.

Should we be diversifying into non-US Dollar assets? Not thinking so much about world equity funds as that is partially deferent than currency hedging. Rather holding assets in other parts of the world / other currencies to partially insulate us from a decline in the US Dollar.

Are you concerned the USD may stop being the world’s reserve currency and be replaced by another fiat currency, or is your concern with fiat currency itself?

 

[CraigT78]

I have neglected to diversify my holdings into more than my home currency - 95+% of my assets are denominated in US Dollars. The thought being that my retirement expenses were going to be US Dollars only, so why "protect myself" against currency variation.. I am beginning to wonder if that was/is a mistake.

Should we be diversifying into non-US Dollar assets? Not thinking so much about world equity funds as that is partially deferent than currency hedging. Rather holding assets in other parts of the world / other currencies to partially insulate us from a decline in the US Dollar.

That why you crypto, bro.

 

[Poker Zombie]

I have neglected to diversify my holdings into more than my home currency - 95+% of my assets are denominated in US Dollars. The thought being that my retirement expenses were going to be US Dollars only, so why "protect myself" against currency variation.. I am beginning to wonder if that was/is a mistake.

Should we be diversifying into non-US Dollar assets? Not thinking so much about world equity funds as that is partially deferent than currency hedging. Rather holding assets in other parts of the world / other currencies to partially insulate us from a decline in the US Dollar.

Some people diversify with gold as insurance vs a weakening dollar.