Sounds like a QB the Bears should target this draft.

Denis, does this mean anything at all? Should I move my money out of pumpkins?

It's just a psychological level. I am uncomfortable with the overall market valuation and have pulled back on some of my trading positions. That being said, any long term investments such as college savings and retirement remain fully deployed. You cannot afford to market time that stuff.

The ever rising market is built on a few things:
-Lack of growth in most developed foreign markets like Europe,
-Few attractive alternative investments given still low bond yields,
-Expectations of a large corporate rate cut, which will lift corporate earnings significantly,
-More accommodative regulatory and legal environment.

Hah, those are safer than your average stock (low beta in geek talk), but those aren't immune to market pull backs.

If Denis was a betting man where would he like to gamble?

All my non retirement money (not much) is in consumer staples. That can only go up, right? Right?

Regularly invest in low cost mutual funds, then hold. Unless you want to trail the market, forget about trying to time it.

Another mistake people make is either going too conservative or not investing at all. Nothing is certain long-term, but inflation comes pretty close. Meaning the stock market presents the most viable option for most for enabling the value of your money to grow more than inflation can erode it.

Yeah you can't go wrong with Vanguard Index funds. Timing is a waste and a recipe for stress and sleepless nights. Dollar cost average in to avoid buying high. Inflation is the slow killer.

Nothing can help you more than spending less than you earn.

FUCK that I want to throw my money in the toilet.

And maybe because this bored might skew to the young side, you don't see much retirement talk here. But clearly, with the disappearance of pensions everywhere except government work and looming social security funding problems, it has never been more imperative for people to save for their retirement, and the sooner they start the better.

It's all about time in the market, not market timing.

And maybe because this bored might skew to the young side, you don't see much retirement talk here. But clearly, with the disappearance of pensions everywhere except government work and looming social security funding problems, it has never been more imperative for people to save for their retirement, and the sooner they start the better.

It's all about time in the market, not market timing.

Don't need to go big. Start with a 5% contribute to a 401k and enjoy the company match (if there is one) and the immediate tax benefit. Then increase it every time there is a raise.

Thought you were into pumpkins?

it has never been more imperative for people to save for their retirement, and the sooner they start the better.

And maybe because this bored might skew to the young side, you don't see much retirement talk here. But clearly, with the disappearance of pensions everywhere except government work and looming social security funding problems, it has never been more imperative for people to save for their retirement, and the sooner they start the better.

It's all about time in the market, not market timing.

It's just a psychological level. I am uncomfortable with the overall market valuation and have pulled back on some of my trading positions. That being said, any long term investments such as college savings and retirement remain fully deployed. You cannot afford to market time that stuff.

The ever rising market is built on a few things:
-Lack of growth in most developed foreign markets like Europe,
-Few attractive alternative investments given still low bond yields,
-Expectations of a large corporate rate cut, which will lift corporate earnings significantly,
-More accommodative regulatory and legal environment.

My wife contributes 6% and her company matches it.

I laugh at the younger folks here. They do not max out their 403b that we are provided. They will say I need this or I want that or the I am young talk. They are really dumb in our case as we get matched up to 8% at 150%!

People don't have a $500 bill because of the simplest concept- spend less than you earn. In fact it's worse, many people over consume by using credit card and other types of debt to live beyond their income level. They get buried fast.

Our schools don't teach much in the way of basic financial management. Even our smart students bury themselves in debt because they don't understand cost/benefit calculations.

I'll check out zero hedge.

I am still in my (late) 20s so I'm just throwing everything into S&P 500 index funds and figure I'll average 8% for the next 35 years and I should have a nest egg to retire on.