Anyone who keeps up with finances & current events know the markets are taking a dive. The last time this happened I started the below thread about 1 week before Black Monday March 16th 2020. About a week before that dreadfull day I started planning & bouncing ideas off my financial mentors back home & my fellow gCaptain basketcase forum members. Luckily I was setting on a lot of bonds & cash equivalents. If you remember that thread or read through it with a historical calendar of what the markets were doing to see what was happening in real time, then you could see a lot of us made lots & lots of money from rebalancing from winners to stinkers during that crash. A year & a half after Black Monday I was up nearly $300k. It’s hard to tell because of dividends & me rebalancing a couple of time since but I guess maybe I’m up $700k because of the opportunities & decisions I made the 2nd & 3rd week of March 2020. Thanks to all my fellow forum members who commented & helped us all get through that stressful for some financial crisis.
So it looks like it’s money making time again? Who’s doing what? Me personally, I think it’s falling further & I’m setting tight to start buying cheap, or cheaper. I also think the gov will float the policy of re-patronizing offshore money for companies & billionaires tax free or at a reduce rate. Whenever we’ve done this in the past it meant massive stock buybacks resulting in soaring sp’s. I’m very excited about all of this to say the least.
I’ve gave bad financial advice in the past so I quit giving any. I can only say what I would, will or have done. My only 100% cash equivalent account is our oldests 529 account. She is a senior in HS & I switched the last of it out into cash equivalent in December '24. In the middle of next week, maybe the following Monday, I plan to put 25%, a little under $30k back into the S&P500. My other 2 kids 529’s are about 40% cash equivalent & I’ll probably move half of all their cash equiv into the S&P500 at the same time. For my wife & my accounts, I’m still under 50 but won’t be as aggressive this time compared to March 2020. Because of the financial plans we made in '19, '20 & '21, 50% of our tax differed retirement accounts & taxable brokerage accounts are in income generating CEF’s, index funds & highish dividend yield financial stocks so we WON’T be selling those to free up cash. Since it didn’t fall & stayed green, a large portion of our portfolio is in a clinical stage bio stock. If that continues to climb we will pull out our principle investment & invest in dividend paying CEF’s that are selling below their NAV which happens when markets crash. Best time to buy a CEF is during crashes when they are trading below book/asset value imo. As for the cash we have in our retirement/brokerage accounts, we’ll probably look to invest next week, or following Monday. Probably into banks, financial institutions etc. I’m waiting to see what falls the hardest & why? I’m hoping Monday April 14th will be Black Monday 2.0, the 2025 version. I’m still doing research.
Comparing a mouse to an elephant is one thing, but matching us up to W Beffet is like comparing a flea on the mouse to a giant herd of elephants. We’re playing the markets, trying to siphon off a little wealth while Buffet IS the market. I’m not going against Buffet but he & his team are doing things a lot different than us fleas.
It’s Nancy’s husband who made millionaires of them. He owns and operates Financial Leasing Services, Inc., a San Francisco–based real estate and venture capital investment and consulting firm.
I don’t plan on making lots of money; nor do I plan on losing any, having separated myself from the stock market when I retired.
Yeah, it’s not Nancy, it’s her husband. I am sure his wealthy clientele flooded his business with money only because he was lucky investor! Definitely nothing to do with wife being somebody in some “congress” or something.
I am trying to use common sense. If I have money to invest and my research tells me there are two “consulting” companies near by, one is run by the guy whose wife is a bagel shop owner, and the other guy married to House majority leader, I would go to later. So would do any other concerned individual.
Yes, you can say she never divulged any useful info to him yet as we established I was born at night but not last night.