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bmneveu's Account Talk
- Thread starter bmneveu
- Start date
bmneveu
TSP Pro
- Reaction score
- 91
Sure does! I am about 90% buy and hold these days. My trading account is much smaller than my TSP account, and is really there so that when I get the itch to trade, I don't make massive moves with my big money account.
bmneveu
TSP Pro
- Reaction score
- 91
The C Fund is +4.44% from the S Fund since I made this move. That has worked out well so far.
Bullitt
Market Veteran
- Reaction score
- 75
I've seen it called both ways, but I'm mostly bullish on banks going forward. Valuations (P/E ratios) are still out of whack from COVID. It seems the bullish case is higher rates which allow banks to charge more to borrowers. But then again, high rates could slow the rate of borrowing so it might not work out.
The very low interest rate environment we've been in since March 2020 has not been positive for banks net interest income, but refinancing has brought in $$ from the refinancing fees that people often overlook. Other factors that generate money include wealth management and credit card usage (which should rise as COVID shutdowns and stimulus wane).
The very low interest rate environment we've been in since March 2020 has not been positive for banks net interest income, but refinancing has brought in $$ from the refinancing fees that people often overlook. Other factors that generate money include wealth management and credit card usage (which should rise as COVID shutdowns and stimulus wane).
someone correct me if i'm wrong - but, I believe banks are permitted to cary certain debts as a plus. could that be reflected in the low ratio?
Bullitt
Market Veteran
- Reaction score
- 75
Yeah that's certainly weighing on them since loan loss reserves were upped during the pandemic. Most banks have been releasing some of those reserves as things have normalized, resulting in more "profit". That's money that can be used instead of just parked.
bmneveu
TSP Pro
- Reaction score
- 91
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.
Whipsaw
Market Veteran
- Reaction score
- 239
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.
bmneveu
TSP Pro
- Reaction score
- 91
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. 
- Reaction score
- 2,422
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!
Sent from my SM-G930U using Tapatalk
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!
Sent from my SM-G930U using Tapatalk
bmneveu
TSP Pro
- Reaction score
- 91
Probably not just because I've already maxed out my allocation / risk tolerance there.
bmneveu
TSP Pro
- Reaction score
- 91
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.
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