Dow Plunges 387 points today

[senior-advisor-indiana]

That will never happen Frank. Unless I decide to work more. But then again I post sometimes between my appointments on my laptop. So dream on Franky. If I have to I will start double posting like you

 

[CHUMPS FROM OXFORD]

When you hit 1000 posts, do we get something...maybe a Target gift certificate?

 

[Frank Stastny]

When you hit 1000 posts, do we get something...maybe a Target gift certificate?

Shazam, WOW, Way Cool. I just bought a new pistol and I can use all the Targets I can get. You don't have any extra ammo do you?

 

[Mr. Bill]

I think part of the problem is the conversion of the NYSE into more electronic trading, taking a bunch of specialists off the floors. and sadly, with the falling dollar, it seems like it could only get worse. It really is a great argument for FIAs.

Anyone using Bagwell's latest concoction???

 

[Macdaddy]

The markets right now are very over extended, even more so than during the internet bubble. I was recently told that the markets have never gone up this much in this short time since just prior to the 1929 crash. It took the DOW 25 years to recoup to its previous level, yes I said 25 years. Would that mess with your retirement?

Paper losses are real losses if you need to access those funds and cannot because they have lost 70% of their value. talk to the folks who bought Nasdaq tech stocks at the top of the market prior to its crash. They are still under water.

Am I concerned? Yes, and I personally am moving to market neutral hedge funds.

 

[WBunch]

Am I concerned? Yes, and I personally am moving to market neutral hedge funds.

Now I'm not handing out advice here, but if risk is not what you are into, then hedge funds are not your ball game...

 

[Macdaddy]

Now I'm not handing out advice here, but if risk is not what you are into, then hedge funds are not your ball game...

Where there is no risk there is no reward. If you want no risk, use a mason jar to put your saving in and bury it in the back yard.

Been using hedge funds 6 years, and yes you must do your due diligence. If I want no risk then I am looking at getting only 4-5%, or nearly 20 years to double my money.

I ain't that patent.

 

[fostever]

Fixed indexed annuities anyone. Interest rate based on the market with caps and no down side. You just need to consider length of time you want the money to be in there.

 

[Macdaddy]

Fixed indexed annuities anyone. Interest rate based on the market with caps and no down side. You just need to consider length of time you want the money to be in there.

Once again 4-6% returns over 10 year periods. Have you back tested these? I have and can honestly say if someone can get a regular fixed annuity in the 6-7% range they better grab it. I do like the tax deferral aspect of the annuities as that does help justify the lower returns, kind of like tax free muni bonds.

 

[Crabcake Johnny]

Depends on what you need. For long term growth 5% on average with 3% inflation? Might as well bury your money under your shed. For long term if you're a bit squeamish go Roth with an index fund. Low management fees, low portfolio turn-over rates which minimizes capital gains taxes and get a fund with no loads.

Long term index funds do well - around 10% - https://flagship.vanguard.com/VGApp/hnw/funds/snapshot?FundId=0048&FundIntExt=INT

Even play the entire field: https://flagship.vanguard.com/VGApp/hnw/funds/snapshot?FundId=0085&FundIntExt=INT