Thread: bmneveu's Account Talk

RE: Banks; Investment houses raised price targets for JPM, MS, GS, BAC today. C, still reeling from 2008, was lowered.

Currently sitting around $450K net worth at 34 years old. Brainstorming how to get to $500K this year and $1M before I'm 40. Gonna depend heavily on market performance, but also planning on lowering expenses after PCS and also saving/investing all extra deployment pays.

I just subscribed to Motley Fool for 2 yr discounted access. They're approach is new money blue chip buys, 5 yr plus hold, they screen and recommend stocks - makes sense. Reporting 3x to 4x returns... will see how that goes. Maybe something to consider, your time horizon is good.

We are planning to sell our home in 3-6 months when we PCS. It has appreciated substantially during this 4-year tour in Tampa. Now to figure out what to do with the profits of the sale while we rent in Hawaii for the next 3+ years. We have no debt and our savings are good. Best thing I can think of is to put it in an index fund and let it ride until we are ready to buy our next home, which could be anywhere between 3 and 10 years from now. Would potentially double in that timeframe and be enough for us to buy our "forever" home in cash.

If you read John Hussman's market commentaries you might change your mind about buying and holding stocks over the next 5 -12 years.

Of course he's been saying that for a long time so... but he said the same thing in 2007.

I think the next few years will be questionable myself for several reasons including valuations, although the small caps have sure gotten a haircut recently.

Good luck! You've done a great job with your financial situation!



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No allocation to crypto with that money?

Originally Posted by Bullitt

No allocation to crypto with that money?

Probably not just because I've already maxed out my allocation / risk tolerance there.

Coffee futures have doubled in the last year. Might not be able to afford my coffee addition soon at this rate!

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Originally Posted by tsptalk

although the small caps have sure gotten a haircut recently.

The R2K is down more than 20% from the high, which I believe is the threshold for "bear market". We've also seen some pretty big stocks drop more than 50% as well. There are some really nice prices out there right now.

100% G COB today. Too much risk out there right now for me. Also looks like a short-medium term double top on the S&P 500 daily.

When our annual pay raise is 2.7% to offset inflation, but inflation is 7.5%