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/biz/ - Business & Finance

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22929770 No.22929770 [Reply] [Original]

Sell all your cryptocurrencies, pay off your debs and start buying some nice, high quality and safe mutual funds.

>> No.22929775

your mom is a mutual fund

>> No.22929805

>>22929770
he is the eternal boomer

>> No.22929831

Fuck off Dave. You're more interested in selling me a debt consulting service and your how-to, self-help books than help your fellow American,

>> No.22929859
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22929859

>>22929831


>>22929831
but anon
he wrote and sold those books just to help the american 'people'
don't you see?

>> No.22929860

sell courses and books for a couple of millions

>> No.22929898
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22929898

>> No.22929904

>>22929831
he used to be a loan shark just look at those eyes...

>> No.22929976

>>22929770
This is un ironically good advice

>> No.22930045

>>22929976
Then what the fuck are you doing on /biz/, anon?

>> No.22930051

>>22929976
Also, keep a six month emergency fund, and try to fully max out your employer 401k

>> No.22930057

>>22929770
but i have no debts dave, i paid them off with my 2017 gains

>> No.22930060

>>22930045
board is called Business & Finance not Cryptocurrencies

>> No.22930067

>>22930045
I occasionally invest in shitcoins as part of a diversified investment strategy.

>> No.22930197

>>22929976
He endorses actively managed mutual funds that "make 12% per year."

>> No.22930664

>>22929770
I'll make sure to buy into high TER mutual funds that beat the index

>> No.22930730

>>22930067
You're doing Ramsey-ISH! STICK TO THE DAG GUM PLAN!

>> No.22930779

He has never once given any advice on how to earn more income. Grant Cardone is the epitome of a sleazy scam artist "Instagram baller", but he had some great points about Ramsey.

>> No.22931138

>>22929770
Good advice for dumb people tho.

>> No.22931939

Bump.

>> No.22931963

>>22929770
What would he think about VRA and other zoomer coins?

>> No.22932020

>>22930197
An S&P 500 Index Fund returns more than the loaded funds he recommends.

>> No.22932029

>>22929770
Good financial advice on /biz/?
Is there finally hope for this board?

>> No.22932062

>>22929770
The ultimate boomer, never leverage, get rich by saving, safe investments that get outpaced by inflation

>> No.22932717

>>22932029
Investing into mutual funds is not a good financial advice.
You're supposed to buy non-specialized Vanguard ETFs with as low expense ratio as possible so you don't get raped by fund manager salary costs.

>> No.22932962

>>22932717
Fair enough.
I was thinking of mutual funds as index funds (and not actively managed funds, which have higher fees).

>> No.22932978
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22932978

>>22929770

I can't pay off my debs, the first Deborah took all the money.

>> No.22933218

>>22929904
So that's why he always says he's "better than he deserves."

>> No.22933238

>>22929770
Woodrow Wilson was a much bigger traitor.

>> No.22933588

>>22932717
What would be a good one to hold on to

>> No.22933874

>>22933588
VNQI - ETF for REITs excluding US (which is good because US REITs are overpriced as fuck - don't buy VNQ, buy VNQI)
VIG - dividend appreciation ETF for US stocks
VIGI - same as above, but international
VYM - high yield dividends for US stocks
VYMI - same as above, but international

VIGI and VYMI have relatively high expense ratio compared to other Vanguard offerings, but they are still very cheap compared to market average. Personally I would put 20% in each ETF I mentioned - that would give you the safety of both great diversification and cash flow coming from dividends. You also would need to be mentally prepared for crypto-tier stonk crash of around -66%, because the Buffett Indicator is at all time high.
And of course as always - DYOR. Don't buy stuff just because some anon on /biz/ told you so.

>> No.22933946

>>22929770
I would rather get exit scammed by poor pajeets than billionnaire jews. No thx.

>> No.22933983

>>22933874
Hahaha fuck I just bought vnq the other day. Please excuse my lack of experience.
Thank you very much for this list and explanations.

>> No.22934830

>>22933983
Don't sell out of your positions so quickly, because that's a very bad habit.
If you already have VNQ then first ask yourself why did you buy it and what is the timeframe of your investment.

VNQ tracks mostly commercial real estate that is going to bleed for the foreseeable future, because more and more people start working from home which causes a shift away from commercial real estate in big cities (offices, restaurants, etc) towards smaller cities. Additionally there's the whole city burning thing that has been ongoing for 100+ days and all the coronavirus lockdowns. If your investment timeframe is longer than 10-20 years then those problems will be definitely solved and your investment purchase is totally fine. All you will need to do is to stomach dividend cuts and price going down for the next few years.

VNQI is also risky, but it is exposed to different risks than VNQ as the possible problems that can arise are Asia-specific. About 12% of VNQI consists of REITs in Hong Kong which means that whatever China decides might highly impact your investment returns. Personally I'm not as afraid of that as of what happens in US, because chinks (unlike niggers and leftists) don't burn businesses to the ground. They go out on the street to protest and then they go back to work the next day.

I like assets that pay me high dividends which makes me gravitate more towards ETFs I listed. This might or might not suit your investment strategy and more importantly your mentality.
Like I said - DYOR. Don't buy stuff just because I told you so, because you will burn yourself by not selling and adapting when the situation changes.
There are people that still hold US bonds in their portfolio, because they were a good investment 15-20 years ago. Now inflation is higher than the bond yield so that's a basically guaranteed investment loss. Don't be like those people.

>> No.22935200

>>22934830
> Bonds
I keep my bonds simple:
> Corporate Bond ETF (VTC, SPBO, etc)
> 5 × 10 yr treasury rate as a % of portfolio
> Interest rates go down I sell.
> Interest rates go up I buy.

>> No.22935320

>>22934830
>>22933874
Wow refreshing to actually see sound advice on here. I have almost the same strategy as you, have been holding VNQ though, not VNQI. Also am holding VYM & SPHD for high dividends and VDIGX for dividend appreciation

>> No.22935428

Good morning dave. 1st time caller here, love the show. My question for you is. If I bought $40k worth of RSR and lost 60% in a month, how can I pay the remaining $65k on my 2019 Toyota Tundra with the blackout package?

>> No.22935507

>>22932020
https://youtu.be/zR64-Ea_r5U
Why would he lie Anon?

>> No.22935554

>>22934830
>All you will need to do is to stomach dividend cuts and price going down for the next few years.
Thanks for the several thoughtful posts, but aren’t you overlooking opportunity cost?

>> No.22935725

>>22933874
>>22934830
Have you looked into VDE yet? In the short term you have the chance to compound a lot and in the long term the energy sector will recover and grow back to former highs.

>> No.22935741

>>22929775
Based id

>> No.22936354

>>22929770
For everyone with an IQ under 100 Dave Ramsey unironically offers the best advice.
If you’re not a retard you’d be leaving money on the table though.

>> No.22936605

>>22934830
Yeah my time frame for those are long haul. Thanks again for the follow up.

>> No.22936888

>>22936354
Anon sub IQ aren't the ones that Dave deals the most with because they are usually just poor spenders and a few lifestyle changes basically can save them.

Midwits who took $100,000 student loans for a communications degree are the tards he spends the most time wrangling and the reason his book sells.

>> No.22937604

>>22929770
>safe
ponzi scheme

>> No.22937628

>>22929770
FUCK OFF BOOMER

>> No.22937733

>>22935200
But what is the purpose of bonds in your portfolio, anon?
Historically bonds (particularly government bonds) were held as a surrogate for cash. During market crashes they went up in value as a safe asset and you could sell them to buy cheaper assets (like stocks that just got dumped).
This is how permanent portfolios used to work in the past. Now that's not the case anymore - bonds got destroyed just like everything else in March so you might as well hold stonks all the time and use the cash flow from dividends to build up your position when they are down.


>>22935554
If you are 60 and you will need money for retirement in a few years then you should be worried about holding VNQ rather than other assets.
If you are below 40 then you can use the coming downward trend to build up that position in your portfolio.
Different assets will perform differently depending on timeframe you choose.

I think it's best to first decide on when you will need your money back and then buy asset classes that you understand well rather than chase higher rate of return. Couple percent more of yearly return won't compensate you a higher risk of making a bad decision due to lack of proper knowledge and understanding.

(1/2)

>> No.22937806

>>22935725
It seems to consist entirely of fossil fuel companies. Regardless of what you think about it politically the world seems to be slowly shifting away from fossil fuels. This means that the revenue of those companies is eventually going to start going down in the future. This ETF holds many US oil companies and US has one of the highest cost of production per barrel in the world - this means that lower revenue will hit their profits harder than something like Saudi Aramco or Russian Gazprom/Rosneft. This sector is subsidized by FED through open market purchase of oil companies corporate bonds. And also there's regulatory risk: Kamala Harris openly advocates for banning fracking and she's a potential VP. California plans to ban sales of new gas powered cars by 2035. Obviously I'm not supporting that, but that's a risk that needs to be calculated into your investment decision.

It might still be a good investment, but you need to ask yourself these questions:
- Do I expect to make my money back before oil consumption peaks?
- How long can the oil prices stay low? (take into account that big buyers like China basically maxed their storage and companies like Aramco can stay afloat at these prices basically indefinitely)
- Will FED continue to purchase corporate bonds of oil companies?
- How afraid am I of political risks like fracking ban or other policies aimed directly against fossil fuels?

(2/2)

>> No.22937874
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22937874

Never take advice from Boomers.

>> No.22937968

>>22929770
>listening to this boomer
he's gonna have a heart attack on video soon

>> No.22937971

>>22936888
Actually I think you’re right. Good point.

>> No.22938680

>>22929770
This boomer made millions from real estate and stock market in the 70s/80s and is completely retarded.

Like he literally recommends people save cash for a house. He doesn't realize that in most places a house costs 500k+ and even saving 25k a year it will take 20 years. At which point houses may be worth another 10x.

Fucking retard boomer giving out retard advise. As if we can just put thousands into a mutual fund and have it 10x in a few years like their generation.

>> No.22938935

>>22937733
>about to buy tlt
im only interested in purchasing bonds to create a permanet portfolio im not planning on cashing out from this until maybe 60ish.

Your saying this isn't the case anymore??

>> No.22939464

>>22938935
No. You used to buy bonds as a 'safe' asset in your portfolio. Now they are a risky asset just like everything else. You can thank FED for that.

>> No.22939714

>>22929770
>mutual
mutuality is pure delusion

>> No.22940237

>>22937806
Since VDE snd similar ETFs track the energy sector wouldn't the case also be that green energy or (God forbid) nuclear energy companies simply take the place of fossil fuel companies?

>> No.22940279

>>22929770
>millionaire
>doesn’t take care of the most important asset he has
Didn’t make it.