/biz/ - Business & Finance

thanks just sold my positions

Shits getting hot. This is when fortunes are made. Not gonna happen in boomer funds in a toppy market

>>12908279
Because it’s crashing soon. Gonna buy the dip

Patrician advice. By the way, is the book Investing for Dummies by Eric Tyson?

>>12908279
hi mr warren

>buying boomer bags at ATH
No thanks. I'll wait for a correction or proper crash.

After I save my emergency fund I'm going to invest in mutual funds. Dave Ramsay was right. Still got 20k LINK though ;)

>>12908279

https://www.etf.com/docs/IfYouCan.pdf

http://doc.xueqiu.com/14cf53ebdeb1cd3fd7a1bfa2.pdf

>>12908279
Because "looking at markets all day" is the only thing I enjoy

>>12908291
this. i rode some funds for the past decade and have exited to prepare

>>12908359
is the woman in pic desirable? she has disgusting tats and looks like a hooker...

Please give me advice on which USAA funds are good. I have about $10k in the science and technology one USSCX and about $6k in the world growth one USAWX.

I am also doing individual stocks and I lost over $500 last week because of the fucking HPQ crash I'm so upset and want to retreat into mutual funds but that's ironically one of those emotional decisions mutual funds are supposed to offset isn't it

Unironically putting $800AUD a week of my salary into VTS:ASX

I'm over crypto and slow and steady wins the race. I should be a millionaire in 15 years.

I'm 25 btw

>>12908279
when my parents invested in mutual funds they were paying out 6-8%. Now your lucky if they beat prime. Mutual Funds invest too conservatively, and they bank on high-risk investments the same way old people use social media, they are the last to hear about it and always buy at peak, when the market is ready to move on.

>>12908279
Mutual funds are scam, go atleast ETFs like these guys itt say

>>12908590
same, but i've been moving more and more of my savings into automatic shit. i guess i just have to make more money now.

>>12908853
sounds like your parents are fucking idiots.

>>12908828

lol, ok. See you from the moon next year, my man! YOLO! All in ETH, Link and BAT

>>12908859
Yeah, you probably weren't around when Mutual Funds tanked when the tech bubble collapsed.

>give the jews your money and future
No thanks boomer faggot.

>>12908917
i was around, but i was twelve. tell me how deep into business and finance you were in 1998 and how that changes anyone's ability to read charts and figures

>>12908937
Mutual funds are a scam, your better off investing your own money than handing it over to an investment firm that gambles with your retirement money.

>>12908291
>>12908598
let's go boys

>>12908945
i do both, indexing as the default investment choice is a scam. i've been beating the market with active funds, stock picking, and cash management since 2014.

>>12908975
how do you feel about energy companies and big oil like Shell, Chevron, Exxon etc.?

Not sure what to do.
Can't stay out of the market as the opportunity cost is too high. Too do of returns right now to miss. But how can you invest in this market with theses insane multiples, ATH's, and all signals pointing to a correction.

Can't reduce risk / create income with derivatives as volatility is too cheap.

>>12908279
Why not open a bank account somewhere the interest rate is 6%+, a good few places in the world to do this...It helps with diversification also

>>12909031
any bank paying this much interest is about to go insolvent

>>12908975
then why the fuck do you need a mutual fund?

>>12909069
unless its an offshore account that launders mob money.

because i'm not a booomer

>>12909069
>>12909079
Oh /biz/, Check out Cambodia, Armenia, Georgia. All rising economies. Been on the up & up for years. Don't remember saying to stick all your funds in the account, pretty sure I said diversify. Bank transfers are pretty quick...
You guys need to widen your world view

>>12909004
i'd rather be in utilities
>>12909075
because i have a day job and a concept of risk. i find some money makers with my spare change and i come out ahead while the rest of my savings does it's thing. it's fun and i can make a little bit extra, but i'm not about to micromanage my nestegg.

>>12908279
Because I'm not trying to get rich in time to by premium dentures.

>>12909129
I don't know dude. We had this bank in my country that started paying 10% interest. After 18 months they went insolvent. Turns out they needed the money to cover up some big trading losses. Maybe it is a good idea if all banks are paying big interest, but if only one bank does in the country it is really high risk, unless it is covered by European deposit insurance

>>12909212
>but if only one bank does in the country it is really high risk
Yea, I agree completely! Check out those countries, all the banks have that interest rate.
I am in NO WAY saying its risk free...You get interest as the bank is risking the funds, no matter where you bank!

> European deposit insurance
This is a meme, in the UK the max coved is 45,000 accounts!
Please stop falling for the BS the MSM puts out! Even my 'accountant' told me the same BS, luckily I have it all on e-mail! Tort claim incoming!

its only worth it if you have decent capital to throw in

>>12909237
>>12909129

So guys I found this website
https://tradingeconomics.com
They list the interest rate and the inflation rate for a lot of countries... Isn't it smart to put your money into a bank account of a country with the highest difference between interest rate and inflation?

Eg India. Interest rate 6.25% and inflation rate 2.05%... Isn't that like almost 4% gains per year?

>>12909237
well, when the bank that I mentioned failed in Lithuania (SNORAS bank) all people got their deposits back. but i am not sure how many people had money in the bank

>>12909687
It was just one bank, it still has assets (loan repayments)...I don't know about your counties bank insurance i can say that in the UK & the US its BULLSHIT. Its the reason why these bail outs NEED to happen! It becomes a risk to the foundation of entire system. The bank you mentioned probably just had re organisation bankruptcy, or got bought, Banks get in trouble all the time...

FYI *IF* the banks don't get bailed out/insurance, the bank closes, people don't get there funds back. The reality is the majority of banks in the west have 1-5% liquidity, sometimes less! If mortgages/loans don't get paid back the banks are in trouble! The banks are in a horrible position for when another recession comes along!

>>12909330
>https://tradingeconomics.com
Thanks Anon, I knew I'd seen it on the net before! That is a great site btw! Tonnes of info, a lot of it free!

>>12908291
this, eth is primed for 5x

Hey boomer, shut up

>>12908279
because i can make far more money trading.

>>12908491
This. Just funded roth and waiting for crash to buy in.

>>12909781
The EU protects all deposits up to 100k euro
https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en
similar thing happened to a bank in my country - Bulgaria, a few years ago. Turns out it was a huge ponzi giving uncollateralized loans whilst offering 10% interest on deposits.

>>12908279
This is the most Boomer shit I've ever read.

>>12910032
lmao

>>12908855
How so?

>>12910104
> waits for 2008 level crash to buy-in at a 30% discount
> misses out on 10% annual compounding gains in the mean time, sitting in cash
> major crash finally happens, too scared to buy the bottom, buys the rebound and only actualizes a 15% gain

lmao, you should hold your breath while you wait... above is the more likely scenario

>>12908655
Vti and vtsax. All you need bud.

Serious question: why pick a vanguard mutual fund over the identical ETF?

About to invest a few thousand which is a lot for me right now and I’m planning to go ETF for the lower fees

Bittrex new exchange and free coins,

In July 2017, Binance created it's own Token Binance Coin (BNB). Before they launched their exchange they did a sign up and referral programme where they gave out 1000's of token to people. Today those tokens are trading at over $10 each.

In April this year, Bittrex is opening a new exchange specifically aimed at the Asian market, called Bitsdaq, registered in Hong Kong. They are also doing a candy programme where you can get 1000's of their BXBC tokens for free.

You will receive 1000 tokens just for signing up using the link below.

https://bitsdaq.com/signup?referralCode=MC4HKYXD

Then there is a 200 token DAILY reward for just login until 31st of March 2019. So if you sign in everyday of March you can get yourself another 6200 free BXBC Tokens.

You will get a referral code. If anyone signs up using your code then they will receive 1000 tokens and you will receive 500 BXBC per person.

If you do your KYC then you get another 5000 tokens.

This is all totally free money. It's possible to accumulate over 20000 free tokens by the end of March. Even if they are trading as low as $0.50 by the end of the year, that amounts to $10K. Imagine they are trading at half the value of BNB at the moment

Don't delay, register TODAY. Each day you wait will cost you a minimum of 200 tokens.
The exchange itself looks very professional and smooth. Nothing less than you would expect from a professional company like Bittrex

>>12910187
>waits for 2008 level crash to buy-in at a 30% discount
Not that the rest isnt wrong but 2008 was a lot more than 30% off. Closer to 50% and the 2001 tech bubble was like 90% off tech stocks like Amazon that made it through. Tech is clearly overvalued. Netflix just spent billions on ip rights for products that are out of date and no one watches.

>>12909031
>>12909129
>>12909237
>>12909330
>what are exchange rates?
>what are captical controls?

There is no such thing as a free lunch. If you could just take USD and put them into a foreign bank account at 6%+ interest without risk, everyone would do it. Instead those 6% are specific to the local currency and contain a risk premium over converting to USD and getting just 1.5% interest.

what are some good vanguard funds for a 10-15 year time frame?

>>12910273
There is none. Mutual funds are not viable anymore compared to ETFs unless you want a very specific actively managed strategy. With mutual funds you usually pay inital fees and yearly fees that come out of your profit. If the funds manager doesn't consistently beat the market by at least 2% it's not worth it. And like 95% of funds don't even beat the market 5 years in a row, let alone by 2%.

You are on the right track. You can't control the market, but you *can* control the fees. And you should.

>>12910140
I see you have done lots research! Stop being an NPC FFS!
Not going to look into your country, thats your job! Find out how much the fund covers! The UK Fund covers ~42,000 accounts @ the £85k Max payout! I highly doubt yours better!

IF you read the below they show that the fund has a limit...I REALLY can't be asked to figure out what YOURS is...the EU was going to loan 250MM euros! The fund is NOT unlimited!

https://www.ebrd.com/news/2016/ebrd-supports-bulgarian-deposit-insurance-fund.html
https://www.ebrd.com/work-with-us/projects/psd/bulgarian-deposit-insurance-fund.html

>>12910294
You aren't wrong, I just don't think most people will properly time the bottom... especially not well enough to outpace the potential compound gains they are missing. Let me put it this way - if they didn't buy the bottom of the most recent correction, they won't be buying the bottom of an actual recession either.

>>12910295
>if you could just take USD and put them into a foreign bank account at 6%+ interest without risk
in Cambidia! still risk if the bank goes bust!

>>12908359
The trick to choking is not to apply pressure to the trachea, but instead to apply it to the jugular vein, restricting bloodflow to the brain and causing nitrous-like euphoria.

>>12908612
Here's a redpill for you: dating hookers, or preferably strippers, is the best financial decision you can make. Not only will incel omegas throw hundreds of dollars at them just to be in their presence, but you can skim a healthy 20% just to hang out and make sure nothing goes down. Plus you can go party with your boys and bang sluts while she's working the club. Other bitches will only drain you financially, but strippers will support your NEET lifestyle and when you dick her down after a shift you're literally cucking dozens of losers.

>>12910338
>The fund is NOT unlimited!

In theory you are absolutely correct.

In practice it pretty much is. It's not so much a question of economics or the law, but the funds are guaranteed by Realpolitik. If people lost their deposits in major and well-regulated EU banks, there would be riots in the street, all sitting governments would face certain defeat in the next election and outside trust in the financial system of the EU would take a major hit, draining massive funds and hiking interest rates.

It would be the same shit as happened in 2008+. There was no obligation to bail out any bank or any country. And yet politicians happily shoveled billions of EUR into burning dumpsters, because the alternative scared the shit out of them. So if crisis strikes, the insurance funds would go insolvent and be promptly bailed out.

If we reach a point where politicians don't care about elections and trust in the financial system anymore, we've probably got bigger problems on our hands than deposit insurance.

>investing in mutual funds that charge fees rather than index funds or dividends investing with the biggest companies
dumbest shit ever

>>12910320
Do ETFs have the same return as their mutual funds? Why doesnt everyone just buy the ETFs instead?

>>12910433
>>12910433
Although your right except about the theory part! That is why its a good thing the Uk, that still has GBP...You guys are different!

IF that happened in your country but no where else in the EU, any Euros that got printed would hurt the rest of the economy! Take a look @ what is happening in Italy! Italy REALLY wants to print some money, Germany doesn't want to! Thats the funny thing about the eastern block countries, yea you get some benefits by joining up with the EU, just give up your sovereignty in exchange!
Even if it happened in the entire EU, it would be a crash not seen in time!
I can tell you are not interested in banking...all I ask is to stop NPCing the deposit insurance BS! it will heart you or someone you love!

>>12910491
>Why doesnt everyone just buy the ETFs instead?

Pushy home bank """"advisors""" scamming boomers. Can't invest in something you don't know it exists.

>>12910491
It's hard to compare the two.

ETFs strictly invest according to a predetermined set of rules that you can (and should) look into before buying. There is nobody in charge, it's just a computer program automatically building a portfolio. The most popular ETFs are Index Funds, meaning they replicate a large stock indices like Dow Jones Industrial Average or MSCI World.

Mutual funds are run by a fund managers. They have a basic framework (like "growth-oriented stocks from US large-caps"), but the ultimate decision on what to buy or sell is made by humans.

The idea is that the human is more flexible, can react to news, take precautions, while an ETF would just blindly follow the same strategy. But having your fund run by humans requires much higher management fees to be paid and the constant trading also incurrs fees.

Ultimately mutual funds can offer much more complex products, because the rules don't need to be specific in advance. For stuff like mixed funds where you have both bonds and stocks in the same fund, it's probably smart to have a human designate the percentages. Some ETFs are starting to offer more complex products as well: Synthetical ETFs don't physically hold the papers, but invest in derivatives to get the same result. Factor ETFs don't strictly track an index but allow for weighting to optimize yields. etc.

If you compare a mutual fund tracking MSCI World and an ETF doing the same, the latter will always win out due to a much more favorable cost structure. Beyond that it's harder to compare. But usually even actively managed funds don't get the kinds of long-term (!) yields that would beat the market average (aka the index).

Another serious question:

If I’m buying ETFs for the long haul — should I hold through bear markets and continually buy? Or should I try and sell at some point?

It seems like not a bad plan to just keep buying over time, but it also seems odd if you could have sold higher?

Also, do ETFs still pay dividends?
It seems like they do, but I don’t know what to look for or where to find that information. I only own individual stocks currently which I was just doing for “practice”

My best pick was Target after Amazon bought Whole Foods.

>>12910513
Yes, the Currency Union is a political project that doesn't make much sense economically since the member countries are one different levels of economic development.
What the fuck does any of that have to do with whether deposit insurances run out of money?

>I can tell you are not interested in banking...all I ask is to stop NPCing the deposit insurance BS! it will heart you or someone you love!
Ah yes, I can see I'm dealing with a true expert here who only provides solid arguments, instead of a confused, LARPing jackass who aimlessly rambles and flails.

>>12910585
Thanks anon

>>12910632
>Ah yes, I can see I'm dealing with a true expert
He was just NPCing phases ffs!
>What the fuck does any of that have to do with whether deposit insurances run out of money?
read the other posts...
Drops mic

>>12908945
This, especially with RH being fee/commission free, you can essentially build your own mutual fund with none of the bullshit expense ratios.

>>12910628
It's up to you. What is your strategy? When do you need money and how much?

The fundamental problem is whether you can time the market. If you can confidently predict peaks and bottoms, of course you would make use of that knowledge - sell at the top, buy at the bottom. The thing is - almost nobody, not even market professionals is able to consistently do that. Hindsight is always 20/20, but in the moment there is no clear signal that the trend has stopped. Sure, it's interesting that the index is down 30%, but who says it doesn't go down another 30%? Or even more painful - what if you sell everything and then the market continues to trend upwards for another 8 years? Better hope you have a *really* good alternative investment for that time.
The hands-off long-term strategy is usually cost-averaging, that is recognizing that you will never be able to accurately time the market and just investing at fixed intervals instead (you would buy 5k every quarter for instance).

And yes, just like any other fund you can get ETFs in 2 variants: D/Dist (earnings are distributed in usually quarterly payments), A/Acc (profits are accumulated, no payments). You can usually get both variants even from the same company, but they are legally distinct funds with their own ISIN and everything.

>>12908296
this guy gets it

itt, anons who don't get that Vanguard has a unique patented structure that makes the ETF's and Mutual Funds IDENTICAL. Admiral share class and ETF have the same expense ratio and returns. So many uneducated fucks in here

>>12910692
Well, the first thing I’m doing is setting up a Roth. I’m planning on just getting a few Shares of a few different ETFs to start.

Once I max out last year and this year, I’m going to try and work out a percentage to dump into Robinhood. That’s about all I have planned for now. Open to more advice.

>>12908279
>Simply put money into it every month and forget.
dont have any

>>12910187
This lol
I have a friend who graduated with a Bachelor's degree in economics in 2015 and he told me many years ago that he's waiting on the sidelines for the big crash before he starts investing.
He's missed out on over 3 years of bull run so far

>>12910349
Amen. Bottoms are hard to time in the moment. It looks clear when you look at the chart now, but back in 2008/2009 things were much different. I will say this, if the thing goes down, and they decide to swoop in on the sp500, if they can just hold tight and not succumb to the doom and gloom that continues for months, they'll be ok.

>>12911080
This is what happens when your perspective is too heavy on macro analysis. Very basic TA and use of stop loss could have allowed him to ride the uptrend with minimal risk despite projection that a good solid crash is coming.

>>12910295
Yeah I also saw a bank that would pay these interests in USD. Some third world country like Armenia though so, you never know if the bank would just disappear and go bust...

>>12910338
If needed, the fund takes out loans to cover the deposits. Look it up.

lmao you fucking dipshits were saying the market was going to tank in 2015
you were saying it back when /biz/ was first made
you are retards, you will always be poor and work some shitty low paying job or just be NEETs


>>12908975
congrats on your 5 years of outperformance in a big bull market
you sure showed us

>>12910168
High MER, why pay 2% to a mutual fund when u can pay 0.05% to an etf

So many poor NEETtards here betting it all on chainlink or some shit lmfao

>>12910513
Not sure the government would be able to rescue the banks a second time. The funds have been created to prevent sth like 2008 (the state having to save the asses of the masses) happening again

should I just dump everything in vtsax, or should I get some international shit too?

>>12911127
Nah me the guy is right. If shit hits the fan the funds won't be able to cover shit and people will lose all the money they had in their accounts. Unless the government comes for a save.

I'm a wittle pee wee and I'm a lazy chronic masturbaiter but I got a rich daddy.

Can I just all in my money ($1 Million) into a mutual fund and just live off the dividend?

>>12911152
Wooooooow a boomer tax agent who's been putting all his money into the most boring etf there is can finally afford a used entry level vehicle which happens to be the most common car in America. That's what dreams are truly made of, he's made it, living the big life.
Pfft pathetic.


You don't understand crypto. It's not an investment where you can count how many percentage gains you'll reliably make each year. Crypto is a moonshot, it's a lottery ticket. Either these NEETs will be rich or it'll go to 0, there is no in between. And that's the point.

>>12911123
Anon, I am literally planing a holiday RN, flying home from Yerevan!
I am not going to deposit an crazy amount btw...You don't need to preach to me

>>12911127
I already coved it in previous posts..what this Anon said >>12911186

>>12911155
I am not sure either! I am just sayin that if it happens in the UK for example the BoE can Print the money/bail them out, what ever they (not us) decide is best...The BoE doesn't need the consent of a overlord like Germany. Happy we don't use the Euro.

The reality is I don't trust the western banks...or any bank for that matter, its what got me into crypto.

>>12911186
Doesn't the government come for a save every time? This is pretty much what happens - the governmnet, (i.e. everyone) pays the cost, instead of the ones directly affected.

>>12910399
STDs

>>12910302
>>12910302
>>12910302
>>12910302
>>12910302
>>12910302
someone pls respond

>>12908279
When global financial markets drop/stagnate for decades your advice will sound like shit. You’ll actually have to do research and trade winners
t. doomer

>>12908279
I'm invested in JUST, I wish it wasnt about social justice companies but I'm anticipating a crash and if I have to show a major loss I want it to humor me.

>>12911146
>lmao you fucking dipshits were saying the market was going to tank in 2015
I did actually think it was going to, but the fed pumped in more money and kept interest rates on the floor to keep it afloat during king nigger's reign. I also thought bitcoin was going to go up. Now which was a better investment then?

>>12911234
depends how much you need to live on a year... I am targeting 3.5 million for a 100k a year draw

>>12911504
>muh interest rates
>muh obongo

as for a better investment I invested in boring old papa bogle's grandpa etf's and ended up with $300k
how many cryptocucks sold at the top?

>>12911530
If you bought at 2015 you didn't need to sell at all to beat the stock market by a wide margin?

>>12911540
yeah I'm sure there are lots of posters on here that threw all they could from their burger king paycheck into it in 2015 and are now selling it, and their $7.25 has blossomed into a gargantuan $725

>>12911578
Whatever you need to tell yourself to cope with the fact that if you'd followed suit you could have retired by now
Peace

>>12911276
Well I am not sure. In 2008 they did. But when they are forced to do it again shit will be crazy. People will go insane that the "bankers get away with it again OR people will go broke..

But shit. So apart from the risk of the third world Bank going bust I could really pull this off and park my money in shithole-istan and get my 6% annually? Sounds to. Good to be true desu. Eventhough it is a shit hole bank they probably still have to hold up to some standards

>>12911609
the one thing in this world you can count on is the american government bailing out the rich

>>12908279
Who says I don't?

T. maxes IRA ROTH every year

If you a real one why don't you tell us which fucking ETFs you invest in nigga

>>12908279
The only reason why you buy this shit is if you're too stupid to buy individual stocks and need some old fuck to buy them for you.

>>12911234
Dont put all your eggs in 1 basket . Should be diversified with virtual and tangible assets

>>12911908
>Ahem

>>12911908
>maxes Roth ira
Wow a whole 5500 dollars. Wow in 20 years not counting compounding youll have lol110k amazing

>>12910672
>i can build my own global stock market mutual fund of 10,000 stocks using robin hood

Good luck rebalancing that kiddo.