WWAWD mutual funds?

[Rutherford_b_Blaze]

Am I fool for keeping the bulk of my 2 sinks in mutual funds? 16, dick about finance.
I also invest 50 percent of my income in the same fund.

 

[WifeStoreWill]

Am I fool for keeping the bulk of my 2 sinks in mutual funds? 16, dick about finance.

No

I also invest 50 percent of my income in the same fund.

This is retarded.

 

[WhereWeAt]

Am I fool for keeping the bulk of my 2 sinks in mutual funds? 16, dick about finance.
I also invest 50 percent of my income in the same fund.

It depends on what you have going. If you're under 50, I think it's fine to have 50% or more in a low fee S&P or DJIA index fund. But if you're older than that or putting ~50% in an actively managed mutual fund (high fees and more concentration in riskier stocks), you're paying too much in fees, too concentrated, and taking too many risks. Look at FSPGX and VFIAX; those are some of the gold standard index funds out there.

If you will collect a pension, you have a guaranteed income and it's not a terrible idea to have more in an index fund closer to retirement than the average investor. That pension will bridge the gap to make up for a downturn.

For diversification of an ordinary account, I recommend treasury bonds. For 2023 you can lock in fixed rate 10 or 20 year bonds today; they'll get you 5% interest and reliably outperform inflation and savings accounts. With current interest rates, I'd argue it's the best risk/reward among safe investments by far. However, be careful with bonds: don't buy anything tax-advantaged (like bonds) in tax-deferred accounts like IRAs, since you're wasting the tax benefits of a bond. Just buy them through a regfular brokerage account.

For a tax-deferred account, you can balance with CDs or taxable bonds (corporate bonds/some municipal bonds or look at taxable bond funds).

 

[Rutherford_b_Blaze]

No


This is retarded.

Yeah well I'm a retard. 70ish percent of my income is disposable. What should I do be doing with it besides drugs? Thanks for the advice though pal. Ever think you wouldn't have gotten cancer if you were nicer to people?

 

[WifeStoreWill]

Yeah well I'm a retard. 70ish percent of my income is disposable. What should I do be doing with it besides drugs? Thanks for the advice though pal. Ever think you wouldn't have gotten cancer if you were nicer to people?

Put it in multiple different funds

 

[Rutherford_b_Blaze]

Put it in multiple different funds

Thanks pal.

 

[Rutherford_b_Blaze]

This is the guy who has been giving be investment advice heretofore

 

[chewtoyrapist]

I thought this thread was about mutual friends and I just want to say it's always nice to meet new people :)

 

[Imager]

Yeah well I'm a retard. 70ish percent of my income is disposable. What should I do be doing with it besides drugs? Thanks for the advice though pal. Ever think you wouldn't have gotten cancer if you were nicer to people?

Take at least 10% of that and put into crypto. We're in a down crypto cycle and it's about to take off.

 

[BUBBLER]

Small cap stocks are wrecked because of interest rates, if you want long term money dump it into a Russell 3000 index over the next 6 months and once rates start dropping you'll be loaded

 

[WhereWeAt]