BMW X5
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Post Reply
 
Thread Tools Search this Thread
      03-17-2020, 02:43 PM   #199
Rmtt
Colonel
Rmtt's Avatar
United_States
8206
Rep
2,250
Posts

Drives: 2011 BMW 128i, 2008 LS3 C6
Join Date: Jan 2019
Location: South Carolina

iTrader: (3)

Quote:
Originally Posted by Run Silent View Post
Yup - the hording cash mentality - aka My Wife when I met her. She is much better, but when we first met, she had about 2 years gross salary sitting in her checking account at 0% interest. I was speechless. lol.
I grew up poor...and watched my parents struggle with things as simple as a tire needing replaced.

Left quite an impact on me. I used to be really bad, but once I seen the impact of how much money I was losing.....I eased up a lot.

But I still hate to owe anyone or anything, and will admit it's been a struggle to learn and leverage where I put my finances!
__________________
Everybody has a gameplan....until they get punched in the mouth.
Appreciate 2
Run Silent15127.00
haagm58809.50
      03-17-2020, 03:49 PM   #200
Tommysalami
Lieutenant
Tommysalami's Avatar
564
Rep
465
Posts

Drives: E92 M3
Join Date: Jun 2018
Location: Socal

iTrader: (1)

Thoughts on ETFs that attempt to short the market? SPXU for example. I don't see how this ends anytime soon, and would expect it to have long lasting effects for the next two to three months, especially when the next quarter's financial reports come out.
Appreciate 0
      03-17-2020, 04:14 PM   #201
rebekahb
First Lieutenant
3129
Rep
320
Posts

Drives: 2020 X5 M50i
Join Date: Nov 2018
Location: New Orleans, LA

iTrader: (0)

Quote:
Originally Posted by Rmtt View Post
Quote:
Originally Posted by Run Silent View Post
Yup - the hording cash mentality - aka My Wife when I met her. She is much better, but when we first met, she had about 2 years gross salary sitting in her checking account at 0% interest. I was speechless. lol.
I grew up poor...and watched my parents struggle with things as simple as a tire needing replaced.

Left quite an impact on me. I used to be really bad, but once I seen the impact of how much money I was losing.....I eased up a lot.

But I still hate to owe anyone or anything, and will admit it's been a struggle to learn and leverage where I put my finances!
My same situation. After growing up like that I swore I would never want to be in the same situation as my parents. They only graduated high school (I know lots of people who have been very successful without a degree). For me, I made sure I had my education completed on a graduate level. When it comes to making big financial decisions I don't do well and panic. My husband has learned to just wait it out until I rationalize everything. It took me quite a while to pull the trigger on my X5 M50i even though my car allowance with my job covers 90%. I do keep a large cash reserve which keeps my anxiety down.
Appreciate 2
Rmtt8206.00
wdb4673.00
      03-18-2020, 01:46 PM   #202
haagm58
Captain
haagm58's Avatar
United_States
810
Rep
919
Posts

Drives: F30 328d Sport Line
Join Date: Jan 2018
Location: South Carolina

iTrader: (0)

Garage List
Quote:
Originally Posted by rebekahb View Post
My same situation. After growing up like that I swore I would never want to be in the same situation as my parents. They only graduated high school (I know lots of people who have been very successful without a degree). For me, I made sure I had my education completed on a graduate level. When it comes to making big financial decisions I don't do well and panic. My husband has learned to just wait it out until I rationalize everything. It took me quite a while to pull the trigger on my X5 M50i even though my car allowance with my job covers 90%. I do keep a large cash reserve which keeps my anxiety down.
I highly recommend reading "Rich Dad Poor Dad" and "You Are a Badass At Making Money." They may help, and I apologize if you've read them already. Two of my favorite "finance" books for the value they provide. They also help the reader understand the psyche around money.
Appreciate 1
TboneS54989.50
      03-18-2020, 02:09 PM   #203
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
10881
Rep
4,816
Posts

Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

Sold my remaining DWT a day early, I see.
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82
Appreciate 0
      03-18-2020, 03:59 PM   #204
rebekahb
First Lieutenant
3129
Rep
320
Posts

Drives: 2020 X5 M50i
Join Date: Nov 2018
Location: New Orleans, LA

iTrader: (0)

Quote:
Originally Posted by haagm58 View Post
Quote:
Originally Posted by rebekahb View Post
My same situation. After growing up like that I swore I would never want to be in the same situation as my parents. They only graduated high school (I know lots of people who have been very successful without a degree). For me, I made sure I had my education completed on a graduate level. When it comes to making big financial decisions I don't do well and panic. My husband has learned to just wait it out until I rationalize everything. It took me quite a while to pull the trigger on my X5 M50i even though my car allowance with my job covers 90%. I do keep a large cash reserve which keeps my anxiety down.
I highly recommend reading "Rich Dad Poor Dad" and "You Are a Badass At Making Money." They may help, and I apologize if you've read them already. Two of my favorite "finance" books for the value they provide. They also help the reader understand the psyche around money.
I haven't read them so thank you for the recommendation!
Appreciate 1
haagm58809.50
      03-18-2020, 04:12 PM   #205
haagm58
Captain
haagm58's Avatar
United_States
810
Rep
919
Posts

Drives: F30 328d Sport Line
Join Date: Jan 2018
Location: South Carolina

iTrader: (0)

Garage List
Quote:
Originally Posted by rebekahb View Post
Quote:
Originally Posted by haagm58 View Post
Quote:
Originally Posted by rebekahb View Post
My same situation. After growing up like that I swore I would never want to be in the same situation as my parents. They only graduated high school (I know lots of people who have been very successful without a degree). For me, I made sure I had my education completed on a graduate level. When it comes to making big financial decisions I don't do well and panic. My husband has learned to just wait it out until I rationalize everything. It took me quite a while to pull the trigger on my X5 M50i even though my car allowance with my job covers 90%. I do keep a large cash reserve which keeps my anxiety down.
I highly recommend reading "Rich Dad Poor Dad" and "You Are a Badass At Making Money." They may help, and I apologize if you've read them already. Two of my favorite "finance" books for the value they provide. They also help the reader understand the psyche around money.
I haven't read them so thank you for the recommendation!
You're very welcome!!
Appreciate 0
      03-18-2020, 06:55 PM   #206
Tyga11
Lieutenant Colonel
3227
Rep
1,606
Posts

Drives: M4 Comp
Join Date: Jul 2019
Location: Arizona

iTrader: (0)

Quote:
Originally Posted by Tommysalami View Post
Thoughts on ETFs that attempt to short the market? SPXU for example. I don't see how this ends anytime soon, and would expect it to have long lasting effects for the next two to three months, especially when the next quarter's financial reports come out.
Proceed with extreme caution
Appreciate 2
      03-19-2020, 11:53 AM   #207
grocerylist
First Lieutenant
268
Rep
301
Posts

Drives: BMW M235i
Join Date: Jun 2019
Location: Seattle, WA

iTrader: (0)

Garage List
2016 BMW M235i  [0.00]
Quote:
Originally Posted by Run Silent View Post
Quote:
Originally Posted by Rmtt View Post
Nice.....ETF's have been where I have been buying as well. VOOG and VOO primarily.

But I set a limit on myself of $25K. I'm no expert by any means, but I keep an emergency fund that would last almost 2 years and figured it could be pared down a little.

I still have to get past the "hoarding cash" disorder that I have....although I have gotten much better. I'm overly cautious about everything!!
Yup - the hording cash mentality - aka My Wife when I met her. She is much better, but when we first met, she had about 2 years gross salary sitting in her checking account at 0% interest. I was speechless. lol.
Bear market or not that's just not an efficient use of money. It may seem like she is ahead now but over the long-term that mentality will cost her.
Appreciate 1
      03-19-2020, 12:00 PM   #208
Run Silent
Run Deep
Run Silent's Avatar
United_States
15127
Rep
4,123
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by grocerylist View Post
Bear market or not that's just not an efficient use of money. It may seem like she is ahead now but over the long-term that mentality will cost her.
yes - although, some points to consider:

a) she lived on about 20% of her income.
b) in addition to the cash hoard, she fully contributed to IRA and 401(k) max limits.
c) she is from a different country where things get out of control quickly and there is no social safety net like SSI. If you broke, you just die.

So I can see where she was coming from.
__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 3
Rmtt8206.00
arkie6397.00
      03-19-2020, 04:10 PM   #209
Bimmer Nerd
Major General
Bimmer Nerd's Avatar
United_States
516
Rep
7,787
Posts

Drives: 6MT F80
Join Date: Jun 2008
Location: Santa Monica, CA

iTrader: (11)

Quote:
Originally Posted by Run Silent View Post
Yup - although ETF's are probably still a better plan. Over the last 2 weeks, I've purchased right at $70K worth of additional ETF's, mostly when the DOW was between 20,500 and 23,600. As such, some of these purchases are in the negative right now, since the bottom hasn't been reached yet most likely. Regardless, I am in a strong position to make some solid returns when it does come back.

Primary purchases were QQQ, DIA, VOO, and VOOG.
Quote:
Originally Posted by Rmtt View Post
Nice.....ETF's have been where I have been buying as well. VOOG and VOO primarily.

But I set a limit on myself of $25K. I'm no expert by any means, but I keep an emergency fund that would last almost 2 years and figured it could be pared down a little.

I still have to get past the "hoarding cash" disorder that I have....although I have gotten much better. I'm overly cautious about everything!!

Just purchased some VOO as well. Will purchase some QQQ if the market keeps going down.

Are you guys picking up any individual stocks? So far I've got: Shell B, DISney, Lyft, UPS.

Thinking about Tesla and Apple. I think Tesla is still over valued at this time, but can be a good buy if it dips under $300's.
Appreciate 0
      03-19-2020, 04:15 PM   #210
RickFLM4
Brigadier General
RickFLM4's Avatar
United_States
10881
Rep
4,816
Posts

Drives: M4
Join Date: Jul 2015
Location: PB County, FL

iTrader: (0)

I bought a small amount of Walmart lower than where it is now. Also bought some Walgreens around where it is now. Otherwise sticking with ETFs (bought a little XLU and XLP).
__________________
Current: 2018 SO/SS F83 ZCP
Gone: 2015 SO/SO F82
Appreciate 0
      03-19-2020, 04:21 PM   #211
Run Silent
Run Deep
Run Silent's Avatar
United_States
15127
Rep
4,123
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by Bimmer Nerd View Post
Just purchased some VOO as well. Will purchase some QQQ if the market keeps going down.

Are you guys picking up any individual stocks? So far I've got: Shell B, DISney, Lyft, UPS.

Thinking about Tesla and Apple. I think Tesla is still over valued at this time, but can be a good buy if it dips under $300's.
Nice - QQQ seems rather leveraged, so I took a bath when I bought most of it between $181 and $190, but considering it was at $237 just 2 months ago, I stand to make a lick when it comes back some day, as I am currently holding 85 shares.

For individual stocks - I strongly advise against it - just too risky. I don't feel you get enough upside for the downside. There are always exceptions, but overall - it typically doesn't work out for the marginal investor.
__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 1
Rmtt8206.00
      03-20-2020, 08:50 AM   #212
Ngilbe36
Captain
Ngilbe36's Avatar
United_States
1619
Rep
880
Posts

Drives: 2011 E90 M3, 2019 F150
Join Date: Mar 2017
Location: MI

iTrader: (0)

Garage List
2011 BMW E90 M3  [0.00]
Bought into UPRO, SPXL, and VOO yesterday. I figure it might go lower short term, but its definitely going higher long. Now we wait.
Appreciate 1
Run Silent15127.00
      03-20-2020, 09:33 AM   #213
Run Silent
Run Deep
Run Silent's Avatar
United_States
15127
Rep
4,123
Posts

Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains

iTrader: (0)

Garage List
Quote:
Originally Posted by Ngilbe36 View Post
Bought into UPRO, SPXL, and VOO yesterday. I figure it might go lower short term, but its definitely going higher long. Now we wait.
Haha - reminded me of this clip from Family Guy. "And now we play the waiting game"



__________________
Don't sweat petty things....or pet sweaty things.
Appreciate 1
Ngilbe361618.50
      03-20-2020, 11:21 AM   #214
Rmtt
Colonel
Rmtt's Avatar
United_States
8206
Rep
2,250
Posts

Drives: 2011 BMW 128i, 2008 LS3 C6
Join Date: Jan 2019
Location: South Carolina

iTrader: (3)

Quote:
Originally Posted by Run Silent View Post
Nice - QQQ seems rather leveraged, so I took a bath when I bought most of it between $181 and $190, but considering it was at $237 just 2 months ago, I stand to make a lick when it comes back some day, as I am currently holding 85 shares.

For individual stocks - I strongly advise against it - just too risky. I don't feel you get enough upside for the downside. There are always exceptions, but overall - it typically doesn't work out for the marginal investor.
Same here. I can't say I haven't been tempted...but I talk myself out of it. Now if Tesla were to get down close to the $2XX range...I would probably throw caution to the wind.
__________________
Everybody has a gameplan....until they get punched in the mouth.
Appreciate 0
      03-20-2020, 11:57 AM   #215
Bimmer Nerd
Major General
Bimmer Nerd's Avatar
United_States
516
Rep
7,787
Posts

Drives: 6MT F80
Join Date: Jun 2008
Location: Santa Monica, CA

iTrader: (11)

Quote:
Originally Posted by Rmtt View Post
Same here. I can't say I haven't been tempted...but I talk myself out of it. Now if Tesla were to get down close to the $2XX range...I would probably throw caution to the wind.
I agree with you and Run Silent. 95% of my portfolio is in ETF's and TDIF. I just invest in some individual stocks in times like these or if I feel the company will do well after a bad run (think of chipotle and their salmonella outbreak).
Appreciate 1
Run Silent15127.00
      03-20-2020, 10:06 PM   #216
haagm58
Captain
haagm58's Avatar
United_States
810
Rep
919
Posts

Drives: F30 328d Sport Line
Join Date: Jan 2018
Location: South Carolina

iTrader: (0)

Garage List
Any devout Bogleheads in here?
Appreciate 1
      03-20-2020, 10:20 PM   #217
Tyga11
Lieutenant Colonel
3227
Rep
1,606
Posts

Drives: M4 Comp
Join Date: Jul 2019
Location: Arizona

iTrader: (0)

Quote:
Originally Posted by haagm58 View Post
Any devout Bogleheads in here?

Present
Appreciate 1
haagm58809.50
      03-21-2020, 06:10 AM   #218
haagm58
Captain
haagm58's Avatar
United_States
810
Rep
919
Posts

Drives: F30 328d Sport Line
Join Date: Jan 2018
Location: South Carolina

iTrader: (0)

Garage List
Quote:
Originally Posted by Tyga11 View Post
Quote:
Originally Posted by haagm58 View Post
Any devout Bogleheads in here?

Present
I read Jack Bogle's book and agree with his philosophy, I just need to do a better job putting it into practice. How have you found it working for you?
Appreciate 0
      03-21-2020, 07:25 AM   #219
corn18
Captain
corn18's Avatar
1712
Rep
618
Posts

Drives: 2020 X3 M40i
Join Date: Jul 2019
Location: SW OH

iTrader: (0)

Garage List
2014 Jeep Wrangler 2D  [0.00]
2015 Chevy 2500HD  [0.00]
2015 Z4  [0.00]
2020 X3 M40i  [0.00]
Quote:
Originally Posted by haagm58 View Post
Any devout Bogleheads in here?
Not sure about devout but I consider myself a boglehead

Quote:
Originally Posted by haagm58 View Post
I read Jack Bogle's book and agree with his philosophy, I just need to do a better job putting it into practice. How have you found it working for you?
Depends on how you define working. I used to buy a little bit of every fund offered in my 401k every 2 weeks. That was 24 different funds. Figured that was good diversification. I also bought a lot of naked puts. And I bought individual stocks on a whim and never held them longer than a year because I chickened out. I was an emotional investor and lagging the market.

Now that I am a boglehead, my investment policy statement is very simple. I am guaranteed a market average return which is better than 90% of fund managers over any 10+ year period. And I don’t futz is with my investments much. This bear has my asset allocation a bit bond heavy so I am switching my contributions from bonds to stocks. That’s about as complex as my investment decisions get these days.

By my definition, it is working for me.
__________________
stultorum criminis reus erit
Appreciate 0
      03-23-2020, 08:46 AM   #220
Ngilbe36
Captain
Ngilbe36's Avatar
United_States
1619
Rep
880
Posts

Drives: 2011 E90 M3, 2019 F150
Join Date: Mar 2017
Location: MI

iTrader: (0)

Garage List
2011 BMW E90 M3  [0.00]
Just dropped more money in on SPXL, UPRO, and VOO. Spin that wheel!
Appreciate 1
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 01:27 PM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST