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Registered
Join Date: Mar 2003
Posts: 10,322
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small time investing and election
So I have about $2k in cash in my Roth IRA.
With the election coming, I don't have the option of buying ammo, mags, or a couple of rifles... So what is my next best step? Keep it in cash until later in October or until Election? or after election? Put it in some sort of index fund now? I have some fusex (small time investor Fidelity fund that tracks S&P500), could add to it... or is there a better/differnt fund you'd recommend for $2k in the next few days/weeks? Don't want to be involved with day trading, etc. Am 45, so a while before I can actually start pulling money out of it. Appreciate suggestions! |
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The Stick
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In other words...If it is going to crash bad enough that your IRA is going to be worthless, there is no-place you can put investments or cash that is not going to be effected.
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Richard aka "The Stick" 06 Cayenne S Titanium Edition |
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Join Date: Apr 2002
Location: Clinton, NJ
Posts: 12,782
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^^^This.
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______________________________ Dave 1969 911T Coupe 1972 911E Targa |
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Join Date: Nov 2007
Posts: 6,274
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Think long term.
The market does not like uncertainty. If Hillary wins there is more certainty as to the direction of things. (not an endorsement) S&P 500 is a good place. |
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Registered
Join Date: Mar 2003
Posts: 10,322
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Quote:
As said, if I could invest in guns, mags, and ammo I would. Fortunately have that base fairly covered ![]() Quote:
Quote:
Let me rephrase - assuming I'm gonna buy more fusex (the S&P500 index from Fidelity) am I better to buy now, or assume that in 3 weeks either the value will be about the same or it will be lower? Nothing that would potentially cause it to spike up? |
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Registered
Join Date: Jan 2012
Location: NW Ohio
Posts: 9,733
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Put it in pre-1967 quarters with the high silver content, they will always be worth more than face value.
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Registered
Join Date: Nov 2007
Posts: 6,274
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You could always dollar-cost average it in over a yr.
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,915
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Quote:
Buy in and forget about it. The numbers may tank by 5% or 10% or 20%, but they'll go back up. If you want to watch things and wait for a bounce, you can do that, but it could be soon or 3 years from now, you just never know. You've got large cap blend (fusex), why not go for the other end of the spectrum with small cap value? SCV has a history of higher returns than LCB. The two together yield a higher return over time (based on history) with a decent standard deviation (because small cap/large cap and growth/value often move in opposite directions, they yield some stability when you have both.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa ![]() |
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You do not have permissi
Join Date: Aug 2001
Location: midwest
Posts: 39,848
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(but with all its constant upkeep and overhead problems) Hotel, small business rental, storage, brothel, freedum fighter hideout, meth lab. Hey just thinking here. |
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Slackerous Maximus
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,163
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If by some miracle Trump got elected, I would sink some $ into coal stocks. Long term the industry is F-ed, but he might put it on life support for 4 years, and that could fuel a nice short term rise in stock prices.
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2022 Royal Enfield Interceptor. 2012 Harley Davidson Road King 2014 Triumph Bonneville T100. 2014 Cayman S, PDK. Mercedes E350 family truckster. |
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,915
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REIT, stock in commercial real estate. Not a bad thing, especially in a tax deferred vehicle like an IRA so you don't have to deal with the tax consequences.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa ![]() |
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hijack
Last edited by Skillet83; 10-16-2016 at 05:05 PM.. Reason: Hijack |
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Dog-faced pony soldier
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Uranium futures.
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Registered
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I expect you meant pre-65.
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down to jap bikes that run and a dead Norton |
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 55,915
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Just a tidbit, if you do a search and read about the effects of the Presidential election on the stock market, "they" haven't found a particular pattern yet. There's no telling if it will cause a drop or increase or not.
How Presidential Elections Affect the Stock Market
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa ![]() |
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Join Date: Aug 2014
Posts: 401
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Citadel has over a 5% stake in bankrupt Peabody (BTUUQ). They aren't dummies over there.....
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Registered
Join Date: Mar 1999
Location: Vancouver,Wa.
Posts: 4,457
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Hookers & blow is always a solid option.
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JPIII Early Boxster |
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If it is only $2K...and it is already in an IRA...you are stuck with the options that your IRA offers (clearly don't pull it out). Just play the long term (since the IRA is designed for long term...retirement account) and just put in in an S&P or small cap index is that is available.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo http://www.pelicanparts.com/gallery/fintstone/ "The problem with socialism is that you eventually run out of other people's money" Some are born free. Some have freedom thrust upon them. Others simply surrender |
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Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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Only $2K? I certainly hope you have more set aside for retirement at age 45 than that. That said, a broadly based index fund, hopefully no load.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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Quote:
Somebody's getting squeezed.... |
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