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this post is an amplified wealth charm
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officially calling abundance in now
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Thoughts on the market and investing after auditing a Vanguard conference web cast
> The US market is in a bear market, (it’s official for Vanguard). 20% down.
> A buy & hold re-balancing strategy; sell % of bonds, buy stocks.
> The current sell-off based primarily on expected earnings dropping and possible global recession; uncertainty.
> Oil price shock, tensions between Russia (which US neoliberals and some deep state conservatives do not like) and Saudi Arabia (which, they do prefer for some unsavory reasons).
> Going to cash is NOT a wise strategy. Keeping a percentage of cash is useful as an “emergency” fund.
> Younger investors: Gen X, Y, Millenials, and Gen Z should consider a Target Retirement Fund which becomes more conservative as one reaches retirement age.
> The Federal Reserve Bank (FED) cannot dicker any longer with monetary policy maneuvers which will emphasize fiscal (tax) strategies.
> If you are older and/or retired, you should be re-balancing stocks and bonds according to market behaviors. These stocks and bonds might best be invested in IRA accounts.
> To wit: If you have reached the exalted age of 75, unless you are thinking very conservatively, your portfolio should be weighted 50/50 stocks/bonds, (”Glide Path”) and keep 10-15% cash in an “emergency fund.”
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I was invited to be on a friend's web talk show last night and it was more fun than I imagined. Our broadcast will be up soon, but in the meantime here is one of my favorites. Be sure to follow Bleached Assholes on SoundCloud
Pete Wentz : First off, shout out to your name because your one of my favorite candies, kitkat,
Me : *OMG WHAT DID HE JUST* *DIES ON THE INSIDE*
Me : "haha, awesome"