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The Coz
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Quote :
"On the side of long term investing do you do any, well might come off as an oxymoron, but relatively "short term investing" for more immediate returns"

I do not. Many people enjoy having a stash of "play money" to mess around with.

I don't find it fun, but rather stressful. That's not how I want to spend time.

It's up to the individual and personal preference, though. It should best be kept as a small percentage of your overall investment pool if you want to do this.

1/13/2023 8:14:02 PM

emnsk
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I see, that makes sense

1/13/2023 9:11:14 PM

The Coz
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You're either going to get lucky with your picks with that money and overestimate your capabilities leading to too much risk-taking, or you're going to do more poorly than just putting it in the broad market at low cost. Neither seems like a good outcome to me. When you have a decent amount saved up, it takes a larger absolute dollar amount to meaningfully move the needle on results, and I am too scared to play games with that kind of a balance. Gamblers like to gamble. I'm not a gambler (except in the sense that that the stock market as a whole is somewhat of a gamble).

1/14/2023 6:32:49 AM

emnsk
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What about VT?
from what I can see they're basically vti + global for more diversification

I guess right now with the american economy outperforming others vti is a safer bet, but assuming the long term would VT be a safer bet, not that vti isn't?

1/14/2023 2:39:11 PM

The Coz
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VT would be fine. After much consideration, I do not care to include international in my portfolio. Many do for the reasons you stated. This is a personal decision which in my case is also influenced by political opinions. Neither VT nor VTI would be a bad long-term play.

1/14/2023 7:01:00 PM

emnsk
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I am resisting the urge to not let my inner "screw europe, america number one" feeling influence my decision but perhaps the heart should be king

[Edited on January 14, 2023 at 8:13 PM. Reason : 8]

1/14/2023 7:47:20 PM

The Coz
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It doesn't have to be that. There is exchange rate risk and geographic performance trends. There's nothing wrong with VT. I just went with VTI. If you're currently unsure, you can change with no tax penalty within an IRA at some point in the future. In a taxable account, you can strike your own balance by combining VTI and VXUS. In a Roth IRA, do not contribute more in a calendar year than you have earned income.

1/14/2023 10:23:03 PM

emnsk
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I've seen some people talk about tax credits relating to vxus instead of vt or something but I couldn't make much sense of it. Not that it'd really affect me, but out of curiousity do you know anything about that?

1/14/2023 11:35:35 PM

The Coz
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https://www.irs.gov/individuals/international-taxpayers/foreign-tax-credit

This isn't really a big advantage, though. Rather, it avoids double taxation which if imposed would represent a disadvantage. The Foreign Tax Credit for taxes paid for mutual funds or ETFs will be detailed on the brokerage 1099 at all major brokers. It's taken out of the fund returns, so it's not something that you as the holder of that investment actively pay and manage. All major tax return software handles the foreign tax credit easily. Keep in mind that for tax-advantaged accounts like IRAs, HSAs, and 401(k)s, this isn't really even a consideration anyway.

If you have a lot of financial questions or a newfound interest, consider reading and registering for the message board at https://www.bogleheads.org/. There are a lot of smart people there. The message board software is not as endearing as CrazyWeb, but the format is not bad, and thankfully a far cry from Reddit, Facebook, and Twitter.

1/15/2023 7:56:58 AM

Jeepin4x4
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what is the best/easiest retirement account for a self-employeed person in a service industry type position?

1/20/2023 10:27:12 AM

synapse
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BBBY

1/20/2023 2:59:41 PM

The Coz
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Solo 401(k) + SEP IRA?

1/20/2023 6:46:17 PM

theDuke866
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Man I need this mild recession to hit and briefly schwack equity prices. I have a bunch of cash I need to invest, but I keep holding off thinking I'm gonna get a better opportunity.

1/26/2023 1:03:04 PM

The Coz
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Also a good way to lose money, or at least lose potential gains. I have played that game and lost many times. If you can't stomach putting it in all in at once when you have it, make a plan to dollar cost average in regular chunks with a defined end date. If you see what you think is a good window during your investment plan, you can always throw in the remaining uninvested amount, but the main thing is get started, and don't make decisions based on what you think or feel might happen. If we're honest, we all have no clue.

1/26/2023 1:07:37 PM

synapse
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^ thanks I needed to hear that

1/28/2023 3:26:44 PM

theDuke866
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yeah that's prob a good plan.

I have kinda-sorta been doing that, and put a decent chunk at pretty good prices...but I need to pick it back up. The buys lately have been smaller and more infrequent than they should be. It hasn't been completely abstaining from buying anything, ever...but it hasn't been anything close to DCA-ing, either.

1/29/2023 8:44:03 PM

The Coz
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You gotta divorce it from emotion and conjecture and just execute. Easier said than done, but after it's done, it's easier.

1/29/2023 11:15:08 PM

A Tanzarian
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I started using NAV to track overall investments a few years ago. It's kind of a pain but I've found it very useful in removing emotion and keeping a realistic long view of what's happening.

1/31/2023 1:53:54 PM

CaelNCSU
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I've been hitting NVDA and MSFT pretty hard because of the OpenAI collab. Hopefully skynet puts me in one of the good work camps because I invested.

I'm up about 40% in my gambling account. If it goes up another 100x I'll recover from AMZN losses.

2/4/2023 9:40:57 AM

theDuke866
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haha I'm the opposite. I've made a ton on AMZN and lost significantly on NVDA.

(percentage-wise, at least. In absolute terms, I've prob made 3-4 tens of thousands in AMZN and lost 3-4 thousand in NVDA)

[Edited on February 4, 2023 at 3:20 PM. Reason : ]

2/4/2023 3:17:43 PM

The Coz
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Well, I just received my second 2-week suspension within a year from the financial forum I also post on. What a bunch of thin-skinned cry-baby narc bitches! I get warned and suspended for the most stupid and benign shit there. I guess I got a little too TWW for them. I don't think my activity even registers here. Two different worlds. And it's not like TWW is really a leading community for extreme or offensive content. God help these people if they ever use the wider internet.

2/8/2023 7:18:36 PM

theDuke866
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what did those soft-batch pussies get bent out of shape about?

2/8/2023 8:02:14 PM

The Coz
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So glad you asked. It almost breaks my brain how heavy-handed the moderation is compared to TDub. The latest was "disrespectful comments". No profanity, no direct call-outs. Really just pretty heavy sarcasm about new threads being created on the same exhausting topic every few days.

But they also keep up with everything you ever did or said. Here is my rap sheet according to them:

Quote :
"In consideration of the above and your prior moderator notification (Aug 27, 2022 - troll), suspension (Feb 25, 2022 - politics), warnings (Apr 30, 2021 - politics) and (Sep 29, 2020 - distracting image), and moderator notifications (Nov 24, 2019 - animated graphic), (Sep 09, 2019 - PM for challenging moderator action), and (Sep 08, 2019 - politics) , the moderators have decided to suspend your account for two weeks."

The graphics stuff is so lame. Forum software lets you post graphics, but apparently they warn you if you post an animated GIF. Or if you post a still image of a vineyard burning down when someone asks about best places for wine-tasting in California while half the state is on fire. Commenting on Communist Chinese Policy and arguing rationally against climate change denialism both count as "politics", which is not allowed. I got over 3000 posts over there, but I'm about to give up. Unfortunately some of the content is quite valuable. But I also have a plan for when I get perma-banned, which seems inevitable.

What I really want to know is whether the few moderators there can really read and keep up with the high volume of posting, or whether there's a bunch of narcs using the "report post" feature all the time instead of just discussing an issue like a person. I don't report posts. I just respond to them. I guess that's why I'm suspended again. They are trying to create a safe space for the dumbest and most sensitive people.

Thanks for not being a little bitch even though you did repeatedly lock the Ted Budd threads in Soap Box, and even though I have shit-talked Florida a lot.

2/8/2023 9:21:05 PM

theDuke866
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It's easy to not act like a little bitch when you're not a little bitch.

The Ted Budd stuff was because I was out of the loop on NC politics and TV commercials, and people just kept posting chit-chatty threads like "Who will fight like nobody fights?" Once I was familiarized with the reference, and the posts were actual discussion on him, I left it alone.

I've been suspended from FB a number of times. Sometimes it was clearly narc-ing pussy douchebags that I called out for being just that, and sometimes it was clearly algorithms (like I'd post it, and 1 second later be suspended). I got suspended for posting the link to the Wikipedia article on "doggy style" (hahaha). I got suspended for saying something like "Russians are animals and always have been" in the context of discussion their invasion of Ukraine and atrocities committed against civilians during it. I even appealed it to their human board on the ground of "Does Facebook really intend to take the side of war crimes over those decrying them?" (the answer is yes.) They call it dehumanizing ethnic/national/racial groups. There were a couple more, but I can't remember the details now.

2/9/2023 5:34:06 PM

The Coz
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Quote :
"It's easy to not act like a little bitch when you're not a little bitch."

QFT

2/9/2023 7:55:47 PM

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