fmdog44
Well-known Member
- Location
- Houston, Texas
I have read several magazine articles so far and I'm leaning toward a couple moves but all of my original investment money is out of stocks so I'm playing with house money.
What did you opt to do with the funds that moved out of stocks?I have read several magazine articles so far and I'm leaning toward a couple moves but all of my original investment money is out of stocks so I'm playing with house money.
Totally agree that it all depends on who wins. If Trump wins all my money goes right back into the stock market from where it is now. My 401k is with fidelity and I will re-distribute it back to where it was before virus. If other side wins, Money is going out of stock market totally.
First 3 months or so could be a not so good time...till the markets settle out, which they nearly always do. Agree that Biotech stocks are "comers".If the election results are contested, the markets will probably take a huge slide.
Ridiculous commentsno such thing as house money .every penny is always your money .
heck i started in 1987 with "my money " today it is over 7 figures .. it ain't house money , its my money ....
the only rediculous comment is thinking there is such a thing as " house money "Ridiculous comments
This has been the most crazy, turbulent year I can ever remember. I don't know if we can go by historical performances any longer. I think a lot of changes are coming here on out and frankly it has me jittery.Actually, the markets have historically performed better under a Democratic President. Here's a chart showing the market performance since 1933. The best performance, in recent years occurred during the Clinton Presidency.
https://www.financialsamurai.com/st...e-under-a-democrat-or-a-republican-president/
MJ, you happen to rent in an area with very strong rent control laws. Presumably you've been in the same place for many years and have thereby been shielded from paying current market rate rents.the only rediculous comment is thinking there is such a thing as " house money "
so if you buy an investment and sell it the money is all yours but if you keep the money in play it is not all yours . nonsensical logic.
there is no such thing as playing with house money .once it is yours for the taking , whether you do or not , it is all your money and no one else's....
it is no different than money in your bank account .
MJ, you happen to rent in an area with very strong rent control laws. Presumably you've been in the same place for many years and have thereby been shielded from paying current market rate rents.
Given that and possibly some other reasons for your bias, you often speak against the concept of people owning homes outright for both peace of mind and an investment. Here's my perspective:
I'm not interested in being either fully liquid or heavily invested in the market, and have no need to be either.
I LIKE owning my home and only being on the hook for taxes and insurance.
I LIKE knowing that if my house burns to the ground I'll be made whole (or nearly so) by insurance and won't have to worry about the sticker shock of prevailing rental rates.
I LIKE knowing that when I pass away our children will get a substantial inheritance even in the extremely unlikely scenario that DH & I run through the rest of our assets.
I LIKE the personal satisfaction of having reached the goal of paying our house off.
A lot of people feel the same. People's relationships with their assets are complicated. For many, it's not all about the money.
Yes it is a gamblers term ...kind of a mental masturbation term so they don’t think they are gambling away their own money ...it is a myth ,especially when it comes to investing..I stand corrected, @mathjak107. My apologies. You're talking house money as in the profits gleaned? (Like the way gambler talk when they're up - that they're using the "house's money" to continue gambling.) Correct?
I've never seen or heard that term applied to investments or the stock market. Again, my apologies.
Carry on.
That is what I have been thinking. I have a variable annuity with NY Life that has downward protection. I put in about half of what I wanted to invest in March and am waiting to see what happens after the election. But I think no matter who wins the market will dip (larger if contested) and then head back up.If the election results are contested, the markets will probably take a huge slide.