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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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 Posted: Mon, 24th Aug 2020 14:25 Post subject: |
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u know ur preeching a fallacy right ? eternal growth of 25% ...
wealth is extracted, not created so that % comes out of others people purse through blood n sweat ...
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| Posted: Mon, 24th Aug 2020 17:36 Post subject: |
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Last edited by Yondaime on Mon, 2nd Dec 2024 15:30; edited 1 time in total
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Morphineus
VIP Member
Posts: 24883
Location: Sweden
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| Posted: Mon, 24th Aug 2020 17:53 Post subject: |
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To shout at clouds obviously. 
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sanchin
Posts: 763
Location: Poland
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| Posted: Mon, 24th Aug 2020 19:37 Post subject: |
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long term thats pretty risky considering :
The average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 15 years today, according to Professor Richard Foster from Yale University.
company ceo does something shady or goes busto, ur stock is worth nill
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sanchin
Posts: 763
Location: Poland
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| Posted: Mon, 24th Aug 2020 21:38 Post subject: |
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| PickupArtist wrote: | | company ceo does something shady or goes busto, ur stock is worth nill |
That's why I'm selling the stock from time to time, and it's simply the better solution for me. I know that even within a year the stock might drop heavily, like it did from around 80 back to 40, but it's been on the rise again since.
And I bought a quarter of my apartment with the stock I received as RSUs at various moments throughout the years and sold what I could last September. And still not everything is vested. I sold those that vested between last year and June - and it will cover 30-40% of interior finishing. And that's just "extra" money, on top of my standard salary, given as rewards to some people. With bonuses, we can choose whether we want 100% cash, or cash and stock 50/50.
As far as equity funds go, we have (or rather had) something called OFE here in Poland which we were obliged to choose and pay, and it was supposed to add to pension later. Those companies also invested in equity funds etc, so that "your" money was supposed to grow. They didn't fare that good, and both previous and current governments decided that that money is not actually ours and moved it to some other stuff, be it the national pension (which is only loosing money and no one my age believes they will get any kind of pension from the government), or completely external budgets (AFAIK - they bought the government bonds back with it).
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| Posted: Tue, 25th Aug 2020 09:17 Post subject: |
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The best thing you can do for your old age is bringing expenses down. Buy and pay off your house for example. The time of guaranteed pensions is long past IMO.
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| Posted: Tue, 25th Aug 2020 14:11 Post subject: |
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Quick question: are you looking to park your money and collect after x amount of years with a nice little return or would you be willing to dedicate some of your free time (if there exists such a thing) and have a more active role in your investment(s) portfolio growth?
Second choice is more preferable since it gives you the option to be more flexible and react faster to any changes but requires time imo. Let me know and I can suggest couple of solutions when I have the time. If you want.
Rig: i7-5820k, MSI X99 Plus, Corsair 16GB DDR4:3000, Inno3d GTX 1080, Samsung 850 Pro 512GB, Corsair 850i PSU, AOC G2460PG.
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Thu, 27th Aug 2020 13:02 Post subject: |
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| Posted: Thu, 27th Aug 2020 14:44 Post subject: |
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u seriously dont expect another 2008 to happen any minute now like happened in march when all the fake money runs out ?
rather have that 44k in cash and buy cheap stuff after ?
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| Posted: Thu, 27th Aug 2020 16:56 Post subject: |
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As I hit 35, I checked my secondary pension fund, it had little over €5k in it.. 
also the retire age here is 70, and the average male life expectancy is 69.9 
soo you could say I am at the Half Life point 
| Lutzifer wrote: | | and yes, mine is only average |
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Thu, 27th Aug 2020 19:20 Post subject: |
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| PickupArtist wrote: | u seriously dont expect another 2008 to happen any minute now like happened in march when all the fake money runs out ?
rather have that 44k in cash and buy cheap stuff after ? |
Well, it's part of my pension so I can't cash it in and use it today. It's reserved for when I enter pension (@ 65+ here). And if there's a recession/depression coming (they tend to be fairly regular) I'll be sure to actively move my holdings to safe non-stock funds that aren't affected by recessions. There are even certain funds that grow during an economic recession/meltdown (can't remember the name of that kind of stock funds.. something with the word bear?).
So all I can do is keep being vigil and check the movements and be pro-active until I turn 65+.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
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| Posted: Thu, 27th Aug 2020 19:44 Post subject: |
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Fri, 28th Aug 2020 12:20 Post subject: |
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Just a small update. Apparently things are going very well at the moment. Just since yesterday my holdings increased from 27.1% to 29.2% today.
Didner & Gerge Small companies - +7.4%
Didner & Gerge Stock Fund - +66.1%
Blackrock - World Technology A2 - +67.6%
AP7 Stock fund - +37.2%
From now on I'm going to do daily checks, update my data sheet and follow closely what happens just in case things start to drop. It feels like things are going a little too well at the moment. Perhaps with the Corona pandemic people are spending more time @ home (both by working @ home increasing business IT hardware/software investments as well as people buying more hardware etc. for their home PC's since many spend more time gaming/creating etc.).
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Fri, 9th Oct 2020 23:55 Post subject: |
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Just an update with some data copied from my equity fund "sheet":
Top number shows date and total increase since January 1st 2020
------------------------------------------------
2020-09-22 | +25,4%
Fund 1: +8,0%
Fund 2: +63,8%
Fund 3: +53.7%
Fund 4: +32.7%
Fund 5: Waiting for order of new fund to complete
------------------------------------------------
2020-09-27 | +27,1%
Fund 1: +7,8% - 10% of investment, bought in 2020-08-03
Fund 2: +64,9% - 30% of investment, bought in 2020-03-23
Fund 3: +62.6% - 20% of investment, bought in 2020-03-18
Fund 4: +34.4% - 10% of investment, bought in 2020-03-23
Fund 5: +1.5% - 30% of investment, bought in 2020-09-21
------------------------------------------------
2020-09-29 | +31,0%
Fund 1: +8,9%
Fund 2: +69,7%
Fund 3: +69.6%
Fund 4: +37.5%
Fund 5: +4.8%
------------------------------------------------
2020-10-02 - +35,0%
Fund 1: +10,7%
Fund 2: +72,0%
Fund 3: +70.7%
Fund 4: +36.7%
Fund 5: +13.1%
------------------------------------------------
2020-10-06 - +36,2%
Fund 1: +11,4%
Fund 2: +73,2%
Fund 3: +70.7%
Fund 4: +37.7%
Fund 5: +15.2%
------------------------------------------------
2020-10-09 - +39,5%
Fund 1: +10,9%
Fund 2: +73,7%
Fund 3: +73.8%
Fund 4: +39.6%
Fund 5: +22.0%
I feel like I'm doing pretty well.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Fri, 18th Dec 2020 14:06 Post subject: |
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and then u hear things like disney faking up to 6 billion in revenue ...
i want to see the stock world burn and headfs rolling and bodies falling from skyscrapers like its 1929
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Sat, 19th Dec 2020 11:27 Post subject: |
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Well, that would fuck your life up as well dude since you'd suffer from a global economic depression just like everyone else (except the richest ones who have money in other things than stocks/funds).
Meanwhile I'm trying to improve my income when it's time for me to start taking out my pension which at the moment will be pretty damn low without me growing my PPM part of the pension. I've managed to grow my PPM part by 41,6% more than the average PPM account for all people. I'm actually getting fairly close to making my PPM part of the pension (which is usually a small part of the pension account) as high as the main pension fund.
Obviously I know that the economy will go up and down over time and even go back (at which point I'll move the money to the safest low-growth interest funds). I've still got many years before I reach pension age so if I can keep this up I may actually get a pretty decent pension when it's my time.
I do get what you're saying about eternal growth being a fallacy but new markets arrive. One of my two biggest (30%) investments is in "Sustainable Energy" stock funds which is going very well right now. Sustainable Energy is among the fastest growing markets now and will probably be for quite a while as the world will keep moving in that direction.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
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| Posted: Sat, 19th Dec 2020 14:21 Post subject: |
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im not trying to piss on your parade and win streak dude  ur doing great, just want to keep things real and remind u when shit hits the fan, the banks and goverments wont even allow u to trade, they will sell theirs first while they lock the stock market 
its like having a steam account, u might think u own the stock/games, but when steam pulls the plug, it all goes poef, or the dev scams u with false promises
so diversify as much as u can
renewable energy is all honky dory, un till all the installations need to be replaced, they have prety short term life expectancies of like 15-25years, then it needs to be torn down/replaced
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Wed, 13th Jan 2021 08:38 Post subject: |
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Just an update since I just saw the final result of my Premium Pension
Equity Fund holdings for 2020 while updating my data sheet:
Fund growth 2020: 54%
For 2021 Jan 1st til Jan 12th it's already grown by 6.5%.
I'm happy as a clam and surprised how well it's gone with the whole pandemic thing going on.
As far as renewable energy economic growth sustainability is concerned I'm not worried for now. It's still early days when it comes to the expansion and conversion to renewable energy around the world and R&D into improved/new technologies to make renewable energy more efficient and viable is a continual process. Obviously I'll still keep an eye on my selections in case a negative trend is apparent.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
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| Posted: Wed, 13th Jan 2021 09:37 Post subject: |
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That's very good frant, especially considering that you were concerned regarding your financial stability
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| Posted: Wed, 13th Jan 2021 15:53 Post subject: |
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That is awesome Frant! I love hearing about people's successes especially in these cases.
It's never to early to think/plan for retirement. When I first started at the company I'm at now over 20 years ago, one of my co-workers told me the first thing I should do was to start putting away for retirement. It was a crazy thought at the time (to me) but I did it anyway.
I should have started out with an advisor as I think the value would be even more than it is now, but I am still happy with it's growth. I still have another 15-20 years left to work so I'm not in any rush just yet.
@Frant - if you don't mind me asking, how many more years are you thinking of working before retiring? Just a curiosity on my end since I know the market kinda goes back and forth every 10 years or so. I'm hoping when I retire it will be on the upper end, as I'm sure all of us do in those cases .
| couleur wrote: | | Everything I don't understand is a mental disorder. |
| couleur wrote: | | If the illegals are drowning its their fault for attempting to cross the river in the first place. Especially the children. /s |
| russ80 wrote: | | Who cares about gameplay. It's one of the few next-gen looking titles out there so BRING IT ON. |
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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| Posted: Wed, 13th Jan 2021 18:31 Post subject: |
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Currently the pension age is 65 but will most likely change to 66 (minimum age). You can choose to work longer if you're healthy which will leave you with a higher monthly income once you actually retire.
I'm probably going at 66, hence why it's so important to me to make my premium pension part grow as much as possible the next ~20 years so I can get a comfortable pension income.
It's taken me years (I started getting into it 10+ years ago) of getting more and more involved with the process and economics, what to look for etc. and now I feel pretty confident, esp. with the results I've had the past 2 years. 2019 I had a growth of 35%, 2020 it's 54%. If the market goes down in a bad way I'll put it all in a safe interest fund (low increase, very low risk) until the economy recovers and I can place my holdings again.
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn!
"The sky was the color of a TV tuned to a dead station" - Neuromancer
Last edited by Frant on Wed, 13th Jan 2021 18:34; edited 1 time in total
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tonizito
VIP Member
Posts: 51322
Location: Portugal, the shithole of Europe.
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| Posted: Wed, 13th Jan 2021 18:33 Post subject: |
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I have money saved up but I'm not making it grow. One of my resolutions for this year was precisely to correct that, so you better keep updating this thread to remind me 
| boundle (thoughts on cracking AITD) wrote: | | i guess thouth if without a legit key the installation was rolling back we are all fucking then |
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Frant
King's Bounty
Posts: 24591
Location: Your Mom
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DXWarlock
VIP Member
Posts: 11422
Location: Florida, USA
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| Posted: Thu, 28th Jan 2021 02:48 Post subject: |
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| PickupArtist wrote: | | the greed is unreal |
To be fair, so is the greed of the ones doing it. The WSB subreddit is full of people boasting about getting rich off this targeted scheme play, people putting their whole savings into it betting on forcing the market to the moon. Much like what...hedge fund managers do.
Ones not better than the other. They are doing the very thing they condemn the ones they are doing it to, do.
Somehow 'sticking it to the man' obsessive greed is OK, when the 'underdog' uses the exact same underhanded tactics of coordinated market manipulation, its seen as virtuous 
Not saying the hedge funders aren't too greedy and hurt people for money. Just saying being greedy in return by hurting people (even if you despise those people for doing that very thing) to compensate makes you no better. Sure it might be 'giving them a well earned beating' but you did it by becoming one in the same as them.
WSB is the dad that sees his kid punch someone, and slaps the shit out of him going "I taught you we dont hit people".
-We don't control what happens to us in life, but we control how we respond to what happens in life.
-Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times. -G. Michael Hopf
Disclaimer: Post made by me are of my own creation. A delusional mind relayed in text form.
Last edited by DXWarlock on Thu, 28th Jan 2021 02:55; edited 8 times in total
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Can't you make some play towards early retirement? 
