Do you own stocks or mutual funds in some way?

[UCFKnight85]

interesting question since I just heard on CNBC that 45% of Americans do not own a single stock or mutual fund.

Which to me is mind blowing. Especially given the wealth created in the market over the past 6 years.

Anyone here NOT own any stock or funds?

 

[Knight_Magic]

Just started investing in a company matched IRA about 8 months back ($75 per paycheck). Slowly getting into it and started my own Roth IRA in January and try to make a deposit each month. Taking the 30 year plan!

 

[brahmanknight]

If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

 

[ChrisKnight06]

I'm actually really surprised the number is that low to be honest. Especially considering how few Americans do any sort of saving at all.
Posted from Rivals Mobile

 

[UCFKnight85]

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

It's mind blowing since people will let money sit in a CD with a .3% interest rate while your average blue chip stock is throwing off 3-5% dividend and gaining 10-12% every year.

 

[brahmanknight]

Originally posted by UCFKnight85:

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

It's mind blowing since people will let money sit in a CD with a .3% interest rate while your average blue chip stock is throwing off 3-5% dividend and gaining 10-12% every year.

The number of people I know, without a college degree, who have a CD ( or even know what it is ): 3

 

[Bob the Citronaut]

Most of the country is irresponsible with money and live paycheck to paycheck. I'm surprised the number is that high.
Posted from Rivals Mobile

 

[UCFKnight85]

$100 in Apple in 2005 would be worth $2,000 today.

 

[Game_Day_Sports]

I am not surprised by this at all. The number of people who are 1 or 2 missed paychecks from homelessness is ridiculously high. Personally, I have very little invested in the market other than some residual 401k from my wife's old job. Most of our money goes into building usable income streams. After this next company launches this summer, I am going to declare a 24 month moratorium on building revenue and start converting profits into traditional investments like this.

 

[ChrisKnight06]

"I'm surprised the number is that high."



You mean you're surprised the number is so low and would expect it to be higher. Come on Bob.
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[UCFKNIGHTS88]

Originally posted by UCFKnight85:
interesting question since I just heard on CNBC that 45% of Americans do not own a single stock or mutual fund.

Which to me is mind blowing. Especially given the wealth created in the market over the past 6 years.

Anyone here NOT own any stock or funds?

Damn, Mitt Romney was close when he said 47% of the country is basically worthless

 

[Bob the Citronaut]

Originally posted by ChrisKnight06:
"I'm surprised the number is that high."



You mean you're surprised the number is so low and would expect it to be higher. Come on Bob.
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Lol whatever, I can't read. I read your post and thought you were wrong.

 

[ChrisKnight06]

Which is exactly why I didn't let it slide. I had a feeling you were sitting there thinking I was the idiot
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[fabknight]

Originally posted by Bob the Knight:

Originally posted by ChrisKnight06:
"I'm surprised the number is that high."



You mean you're surprised the number is so low and would expect it to be higher. Come on Bob.

Posted from Rivals Mobile

Lol whatever, I can't read. I read your post and thought you were wrong.

That makes two of us.

 

[MACHater02]

Priorities people, priorities.

 

[chemmie]

10%, plus 4.5% matching, into a 401K with every check.
Maxed out Roth IRAs for both myself and my wife every year, invested in medical ETFs and making serious bank.
12.5 years in my former employer's pension.
Wife has 14 years, and growing, in her pension.


We have a clear goal of retiring when she hits her 30 years. I will be 54. As long as we don't have any major issues like a job loss or medical emergency, we are well on our way to that goal. 16 years to go.

 

[btbones]

Yes my wife has a basic managed retirement plan through work . We kick in a little extra monthly to what they do . It's not huge but it's s hell of a lot better than nothing . It's finally starting to amount to something
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[UCFKnight85]

The only problem with most 401K's is that the investment options suck inside the plan and they drill you on fees.

You'd be well served to take some cash, do a little research, and buy a few different large cap stocks that pay a healthy dividend.

 

[1ofTheseKnights]

Yes. It's imperative.

Financial illiteracy is alive & well
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[ChrisKnight06]

I'm extremely intrigued by real estate crowdfunding now that it's becoming more and more available to non institutional investors.
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[Sir Galahad]

Originally posted by chemmie:
10%, plus 4.5% matching, into a 401K with every check.
Maxed out Roth IRAs for both myself and my wife every year, invested in medical ETFs and making serious bank.
12.5 years in my former employer's pension.
Wife has 14 years, and growing, in her pension.


We have a clear goal of retiring when she hits her 30 years. I will be 54. As long as we don't have any major issues like a job loss or medical emergency, we are well on our way to that goal. 16 years to go.

After all your crap about my age you're only seven years younger than me, that's funny.

 

[USFSucks]

Both of my daughters own mutual funds. They are both under 3.

 

[1ofTheseKnights]

Originally posted by USFSucks:
Both of my daughters own mutual funds. They are both under 3.

Sucks FTW.

Shame there's people who go through life not understanding time & compounding.

 

[KNIGHTTIME^]

I'm fully invested in Enron! They are coming back baby!

 

[EweSeaEff]

Yes, wife has managed retirement. I have standard 401K and Roth 401K. Together we have an investment account managed by an advisor.

I, too, am surprised that the percentage of people without investments is that low.

 

[chemmie]

Originally posted by Sir Galahad:

Originally posted by chemmie:
10%, plus 4.5% matching, into a 401K with every check.
Maxed out Roth IRAs for both myself and my wife every year, invested in medical ETFs and making serious bank.
12.5 years in my former employer's pension.
Wife has 14 years, and growing, in her pension.


We have a clear goal of retiring when she hits her 30 years. I will be 54. As long as we don't have any major issues like a job loss or medical emergency, we are well on our way to that goal. 16 years to go.

After all your crap about my age you're only seven years younger than me, that's funny.

There is no way your old, racist, always telling everyone your rich, ass, is a day under 70.

 

[Sir Galahad]

Originally posted by chemmie:

Originally posted by Sir Galahad:

Originally posted by chemmie:
10%, plus 4.5% matching, into a 401K with every check.
Maxed out Roth IRAs for both myself and my wife every year, invested in medical ETFs and making serious bank.
12.5 years in my former employer's pension.
Wife has 14 years, and growing, in her pension.


We have a clear goal of retiring when she hits her 30 years. I will be 54. As long as we don't have any major issues like a job loss or medical emergency, we are well on our way to that goal. 16 years to go.

After all your crap about my age you're only seven years younger than me, that's funny.

There is no way your old, racist, always telling everyone your rich, ass, is a day under 70.

I can't believe that someone that is 38 still thinks being a hipster is cool. One other thing, how can you be that out of shape at such a young age.

This post was edited on 3/10 7:46 AM by Sir Galahad

 

[UCFKnight85]

Originally posted by ChrisKnight06:
I'm extremely intrigued by real estate crowdfunding now that it's becoming more and more available to non institutional investors.

Posted from Rivals Mobile

Those things are terrible and typically exist on projects that can't secure traditional investment for a reason.

Plus it's one of the most non-liquid investments you can make.

 

[goodknightfl]

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

exactly. Add to that a lot of people, esp older people really got spooked when they lost 1/2 to 2/3 of their savings in 1 to 6 mos in 2007. Right now it is the only game in town, but for me the scary thing is at almost 60, I know it is propped up by the Fed, and 0 interest rates, and it is a bubble that at some point in the near future pop.

 

[UCFKnight85]

Originally posted by goodknightfl:

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

exactly. Add to that a lot of people, esp older people really got spooked when they lost 1/2 to 2/3 of their savings in 1 to 6 mos in 2007. Right now it is the only game in town, but for me the scary thing is at almost 60, I know it is propped up by the Fed, and 0 interest rates, and it is a bubble that at some point in the near future pop.

Why would old people have 2/3 of their savings in stocks? That's idiotic. If they had them in bonds, which is what older people should be doing, their wealth would have been not nearly as impacted as the stock market was in 2007.

And, even if they did have 2/3 their savings in equities on the market, they would have recovered almost the entire lost value by early 2009.

Of course you think this bull market is a "bubble". That's the way to explain things when you don't really understand them and have missed out on the action. Most stocks are trading with very reasonable Price/Earnings meaning there's no wild speculation going on with stock prices that will blow up in people's faces.

 

[fabknight]

Originally posted by UCFKnight85:

Originally posted by goodknightfl:

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

exactly. Add to that a lot of people, esp older people really got spooked when they lost 1/2 to 2/3 of their savings in 1 to 6 mos in 2007. Right now it is the only game in town, but for me the scary thing is at almost 60, I know it is propped up by the Fed, and 0 interest rates, and it is a bubble that at some point in the near future pop.

Why would old people have 2/3 of their savings in stocks?

Because of their faith in capitalism.

 

[UCFKnight85]

Originally posted by fabknight:

Originally posted by UCFKnight85:

Originally posted by goodknightfl:

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

exactly. Add to that a lot of people, esp older people really got spooked when they lost 1/2 to 2/3 of their savings in 1 to 6 mos in 2007. Right now it is the only game in town, but for me the scary thing is at almost 60, I know it is propped up by the Fed, and 0 interest rates, and it is a bubble that at some point in the near future pop.

Why would old people have 2/3 of their savings in stocks?

Because of their faith in capitalism.

Capitalism has absolutely nothing to do with being heavy into stocks at 63 years old.

 

[USFSucks]

Originally posted by fabknight:

Originally posted by UCFKnight85:

Originally posted by goodknightfl:

Originally posted by brahmanknight:
If a person does not have a 401k or traditional pension, they likely do not own stocks or mutuals.

What is mind blowing about that?

exactly. Add to that a lot of people, esp older people really got spooked when they lost 1/2 to 2/3 of their savings in 1 to 6 mos in 2007. Right now it is the only game in town, but for me the scary thing is at almost 60, I know it is propped up by the Fed, and 0 interest rates, and it is a bubble that at some point in the near future pop.

Why would old people have 2/3 of their savings in stocks?

Because of their faith in capitalism.

That's idiotic, I've got great faith in capitalism, but I know that if I need the money in the next 5-10 years that I'm not going to risk it on something as volatile as stocks.

 

[1ofTheseKnights]

Ditto sucks & 85 here.

There is definitely some froth in the market ie biotech w huge market & no earnings - I'll pass.
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[KnightedIbis]

401k is doing awesome, I'm still not feeling ready to play in the market except for maybe a few wallstreetbets around earning calls...

I just don't trust what the Fed will do right now and how the market will respond... Today is nuts with the 1% drop...

my bitcoin play is up like 50% almost...

 

[UCFKnight85]

Originally posted by KnightedIbis:
401k is doing awesome, I'm still not feeling ready to play in the market except for maybe a few wallstreetbets around earning calls...

I just don't trust what the Fed will do right now and how the market will respond... Today is nuts with the 1% drop...

my bitcoin play is up like 50% almost...

Today is only about the strong dollar. People will get over it by tomorrow and the market will normalize.

The S&P added nearly 1,000 points in just 3 years. I'd say the market responded fairly well to the Fed action.

 

[UCF11and1]

I have a serious question for the finance people here:
I am thinking on moving my 401K from stock funds to a money market fund (inside the 401K) and wait for the crash to buy back at lower prices.
What is the forecast for the market in the next 2 years, is it going to be stable for a while, going to keep going up, crash in the near future?

Buy gold?

 

[KnightedIbis]

Originally posted by UCFKnight85:

Originally posted by KnightedIbis:
401k is doing awesome, I'm still not feeling ready to play in the market except for maybe a few wallstreetbets around earning calls...

I just don't trust what the Fed will do right now and how the market will respond... Today is nuts with the 1% drop...

my bitcoin play is up like 50% almost...

Today is only about the strong dollar. People will get over it by tomorrow and the market will normalize.

The S&P added nearly 1,000 points in just 3 years. I'd say the market responded fairly well to the Fed action.

I totally agree, but it is a house of cards... When they finally start raising rates it could get ugly.

There's just too much voltility in the market these days for me to keep funds in the market... I have better plays outside of the stock market - at least out side of my 401k.

 

[KnightedIbis]

Originally posted by UCF11and1:
I have a serious question for the finance people here:
I am thinking on moving my 401K from stock funds to a money market fund (inside the 401K) and wait for the crash to buy back at lower prices.
What is the forecast for the market in the next 2 years, is it going to be stable for a while, going to keep going up, crash in the near future?

Buy gold?

Timing the market can be a fool's errand. I've done moves in the past - but I've probably been 50/50 on them... It was the more blatant ones that I was good on. I don't see anything that is blatant right now.

I think when the Fed moves, we could have a 5% correction over the course of a few months, but I also think the fundamentals to our economy are getting stronger.

Problem is Russia, China (debt market), EU - all of these could flip anything in a moment's notice.

 

[UCFKnight85]

If the Fed increases rates, it's going to be entirely marginal. They are waiting for data to support raising rates and so far the wage growth doesn't give them any reason to make a drastic rate hike. The market will have a shitfit for a week or two, then things will normalize and the bull market will continue so long as US companies keep reporting earnings and top line growth.

Also, rate hikes themselves aren't bad things, they are indicators that the economy is doing better and our institutions don't need ultra cheap money to finance operations and support growth.