Dow - 26,000 - "Edit Next Stop 27,000"

[ConstitutionCowboy]

will that give you a 12% annul return rate? Having a house paid off is awesome (I'm in that boat) but not having a nest egg going into retirement, well good luck with that.

I didn't say we didn't have a nest egg. It's just not in stocks and bonds.

Woody

 

[ConstitutionCowboy]

Bought one house for 140K, put 60K and sweat equity into it, and sold it for 325K in 5 years. In the mean time, we lived in the house and ran our business out of it. We rented part of the house to the business and the rent more than paid the mortgage and homeowners insurance. The business also paid a percentage of the utilities and property taxes.

I'll do the math later. It's time for supper!

Woody

 

[SlugSlinger]

Bought one house for 140K, put 60K and sweat equity into it, and sold it for 325K in 5 years. In the mean time, we lived in the house and ran our business out of it. We rented part of the house to the business and the rent more than paid the mortgage and homeowners insurance. The business also paid a percentage of the utilities and property taxes.

I'll do the math later. It's time for supper!

Woody

Curious, what type of business structure did you have and whom did your taxes?

 

[CHenry]

I didn't say we didn't have a nest egg. It's just not in stocks and bonds.

Woody

Under the mattress? Lmao

 

[BrandonM]

I'll stay with my decades old proven methods of "buy high/sell low" weather its stocks, guns etc.

#metoo

 

[ConstitutionCowboy]

Curious, what type of business structure did you have and whom did your taxes?

Sub - S Corp. We started with an accountant, switched over to Turbo Tax, then H&R Block's tax software, but for the last nine years we've done them ourselves.

Under the mattress? Lmao

You PEEKED!

Woody

 

[MacFromOK]

Pickle jar buried in the back yard...

 

[chadh2o]

Careful out there, no correction more that 1% in last 4 years. A lot of stocks will be cut in half during the bottom of the business cycle. Bonds are ending their 30 year move and forming a top, may take another year to complete. Recession hits when bonds invert, 5 yr rate more than 30 yr ect. We're getting close to flat.
30 yr long bond 2.84%.
10 year bond 2.55%.
5 yr is 2.37%.

The above 10 year chart is the 2 yr note. What happened 10 years ago? Oh yea, the stock market got cut in half.

Everything works on cycles. Inflation on its way. Refer to 1st pic.
Dollar index has moved from over 100 in Jan 2017 to 90.38 today Jan 2018, possibly headed to 80 over the next year or so. CRB index from 177 to 197 today. WTI 30 to 65, Natty 2.60 to 3.25, Copper up to 3.25 from 2.55 last year.
Fed gov shut down Friday over budget impass. **** always blows up over a weekend. Wonder why they scheduled the Fed to run out of money on a Friday? Why not Tuesday, Wednesday?
Not saying it's gonna happen, but this run is long in the tooth.
Bulls make money, bears make money, hogs get slaughtered.

 

[dennishoddy]

View attachment 112498 Careful out there, no correction more that 1% in last 4 years. A lot of stocks will be cut in half during the bottom of the business cycle. Bonds are ending their 30 year move and forming a top, may take another year to complete. Recession hits when bonds invert, 5 yr rate more than 30 yr ect. We're getting close to flat.
30 yr long bond 2.84%.
10 year bond 2.55%.
5 yr is 2.37%.

View attachment 112499
The above 10 year chart is the 2 yr note. What happened 10 years ago? Oh yea, the stock market got cut in half.

Everything works on cycles. Inflation on its way. Refer to 1st pic.
Dollar index has moved from over 100 in Jan 2017 to 90.38 today Jan 2018, possibly headed to 80 over the next year or so. CRB index from 177 to 197 today. WTI 30 to 65, Natty 2.60 to 3.25, Copper up to 3.25 from 2.55 last year.
Fed gov shut down Friday over budget impass. **** always blows up over a weekend. Wonder why they scheduled the Fed to run out of money on a Friday? Why not Tuesday, Wednesday?
Not saying it's gonna happen, but this run is long in the tooth.
Bulls make money, bears make money, hogs get slaughtered.

Historically your correct. My financial guy said two years ago that the correction was going to happen soon. That is when Hillary was expected to win.
It's been an amazing run to date and it's all on President Trump's financial policies.
That being said, don't fall into the same financial pattern that Oklahoma does.
When oil is good, spend every dime on everything you can think of, only to look for money when oil goes away.
Get a huge nest egg, equal to a year salary and invest in long term stable stocks. NEVER touch your nest egg. NEVER borrow from your 401K, and if your company allows trading in stocks and bonds in their 401K, some that will pay the transaction fees like mine, learn the basics of trading stocks and day trade with some of the funds. As you make money, only gamble on the stock market with the profit, not the base money.

 

[JD8]

I liquidated everything and put it into bitcoin.