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Post by nuevowavo on Aug 14, 2024 12:44:20 GMT -5
Since inflation has moderated basically to the Fed's target of 2%, it gives them the ability to cut rates without sparking it back up. Their focus is on employment now and a soft landing.
Do you think they care who is in office? No, I don't, as far as Fed policy is concerned. For example, the current Chairman Powell was appointed by Trump and reappointed by Biden. His and the Fed's decisions have not been affected by either. And I don't ever want to see Congress or the President have any influence on Fed policy.
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Post by richm on Aug 14, 2024 12:49:09 GMT -5
Do you think they care who is in office? No, I don't, as far as Fed policy is concerned. For example, the current Chairman Powell was appointed by Trump and reappointed by Biden. His and the Fed's decisions have not been affected by either. And I don't ever want to see Congress or the President have any influence on Fed policy. That's where i was going. Thanks for the name drop above - we might visit them in a year or so. I have heard that D's do better than Rs with stock market.
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Post by illinoisfisherman on Aug 14, 2024 12:56:08 GMT -5
I will take that advice. Have 250 on hand right now and I am debating what to do with it. Thank you
My suggestion, if I may, is to be sure to call a fee-only fiduciary financial advisor. They are legally bound to act in your best interests and don't sell you commissioned products. Edelman Financial Engines is one of the best. I've been very happy with Fisher Investments, but I believe their minimum is $500k.
Thank you
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Post by nuevowavo on Aug 14, 2024 12:58:43 GMT -5
No, I don't, as far as Fed policy is concerned. For example, the current Chairman Powell was appointed by Trump and reappointed by Biden. His and the Fed's decisions have not been affected by either. And I don't ever want to see Congress or the President have any influence on Fed policy. That's where i was going. Thanks for the name drop above - we might visit them in a year or so. I have heard that D's do better than Rs with stock market.Historically the market has had a better one-year return average under D pres's than R's. Lots of theories why, none of which hold water. All I know is that basing your investments on who occupies the Oval Office is just flat out dumb.
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Post by madm002 on Aug 14, 2024 13:13:42 GMT -5
Democrats always out perform Republicans. I've heard that too. No issues with them on the stick market. The stock market has outperformed in democratic presidency years? Here is what the interweb says. I also heard this quoted by Jim Cramer on CNBC. Stock Market Performance Under Democratic and Republican Presidents The stock market performance under Democratic and Republican presidents has been a topic of interest for many investors. Here are some key points to consider: - No Significant Difference: The S&P 500 index has performed similarly under both Democratic and Republican presidents, with an average annualized return of 9.8% under Democrats and 6% under Republicans ¹. - Sector Performance: Some sectors have performed better under Democratic presidents, while others have performed better under Republican presidents. For example, technology and healthcare have performed well under Democratic presidents, while energy and materials have performed well under Republican presidents ². - Presidential Impact: The president has limited direct impact on the stock market, and other factors such as economic conditions, interest rates, and global events have a more significant influence on market performance ¹. - Historical Context: The stock market has experienced significant events such as the dot-com bubble, the Great Recession, and the COVID-19 pandemic, which have had a greater impact on market performance than the president's party affiliation ¹. - Long-term Performance: The S&P 500 has returned 1,920% over the past three decades, compounding at 10.5% annually, regardless of the president's party affiliation ¹. Overall, while there may be some differences in stock market performance under Democratic and Republican presidents, the impact is not significant, and other factors have a more substantial influence on market performance. However how the parties want to tax your gains is different, especially if you are very successful and have large unrealized gains on a stock portfolio.
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Post by madm002 on Aug 14, 2024 13:20:36 GMT -5
I will take that advice. Have 250 on hand right now and I am debating what to do with it. Thank you
My suggestion, if I may, is to be sure to call a fee-only fiduciary financial advisor. They are legally bound to act in your best interests and don't sell you commissioned products. Edelman Financial Engines is one of the best. I've been very happy with Fisher Investments, but I believe their minimum is $500k.
Second on Edelman. They were very honest about their returns scenario, and fee structure. I did not go with them for personal reasons. I get mixed reviews on Fisher, Nuevowavo says they have been good to him, on another site, the word was, Fisher is where money goes to die. But illinoisfisherman do get a couple of proposals from fee only financial advisors. Discard anyone who says they get more than 12-13 percent over a 10 year period, they are probably taking some risks that you would not want at your age. Also I did an extensive survey on mutual funds recently. Almost all the highly rated funds I looked at did not reach the level that you could have made just in buying the QQQ or SPY funds.
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Post by nuevowavo on Aug 14, 2024 13:30:00 GMT -5
I'd buy the SPY or the Vanguard S & P 500 Fund before I'd buy the QQQ. As we saw last week, when the Magnificent 7 take a hit, the QQQ way underperforms the broad market.
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Post by illinoisfisherman on Aug 14, 2024 15:02:12 GMT -5
My suggestion, if I may, is to be sure to call a fee-only fiduciary financial advisor. They are legally bound to act in your best interests and don't sell you commissioned products. Edelman Financial Engines is one of the best. I've been very happy with Fisher Investments, but I believe their minimum is $500k.
Second on Edelman. They were very honest about their returns scenario, and fee structure. I did not go with them for personal reasons. I get mixed reviews on Fisher, Nuevowavo says they have been good to him, on another site, the word was, Fisher is where money goes to die. But illinoisfisherman do get a couple of proposals from fee only financial advisors. Discard anyone who says they get more than 12-13 percent over a 10 year period, they are probably taking some risks that you would not want at your age. Also I did an extensive survey on mutual funds recently. Almost all the highly rated funds I looked at did not reach the level that you could have made just in buying the QQQ or SPY funds. Thanks I’ll read this again later. I’m beat already today. I started at 3am
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Post by ferris1248 on Aug 15, 2024 7:29:52 GMT -5
"It was the summer of 1995. NASA’s space endurance record was broken, at a laughable 84 days compared to the two astronauts now who, DON’T CALL THEM STRANDED, may be in weightlessness for eight months. Johnnie Cochran was saying something poetic about gloves fitting, and the movie Waterworld was, um, drowning at the box office." "That was also a period when the Federal Reserve, then led by Alan Greenspan, embarked on an interest rate-cut cycle that may have parallels to what the markets are expecting for September." "The 1995 cycle coincided with disinflation and an economic soft landing that, importantly, did not morph into a recession. “There are enough similarities that the [1995 cycle] could provide a potential roadmap for corporate earnings and equity prices in the coming quarters,” said Chris Haverland, global equity strategist at the Wells Fargo Investment Institute." "Investors would happily sign off to what happened. Earnings for the S&P 500 index companies rose by 12% in the year following the first rate cut. The S&P 500 soared more than 40% in the 18 months after, though mid- and small-caps didn’t rise by as much." "The sector mix was split, as this chart shows. Financials led the way, and Haverland says that performance could repeat itself now, as it recently upgraded the sector. " "Interestingly, the information technology sector outperformed leading into the first rate cut but then consolidated over the next six to 12 months, before reasserting itself as a leader. “If the sector takes a similar path during the upcoming easing cycle, we will look for opportunities to upgrade even given expectations for above-market growth,” he adds." "Granted, the current monetary policy cycle saw a much higher peak in inflation, and the Fed has held rates at peak levels for much longer. “Even so, we think the U.S. economy will avoid a recession and gradually strengthen through 2025. This, along with easier financial conditions, should support continued corporate earnings growth, equity-market strength, and our favorability toward high-quality companies within U.S. large-cap equities,” he said." www.msn.com/en-us/money/markets/wells-fargo-strategist-says-investors-may-face-1995-rerun-once-fed-cuts-rates/ar-AA1oMIaY?ocid=msedgdhp&pc=U531&cvid=49c00c86b37942ec8f9aab931d913066&ei=109
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Post by nuevowavo on Aug 15, 2024 13:43:10 GMT -5
Some really good numbers this week. CPI up only 2.9% year to year, jobless claims down, retail sales surprisingly strong. Soft landing looking good.
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Post by madm002 on Aug 15, 2024 16:27:33 GMT -5
Some really good numbers this week. CPI up only 2.9% year to year, jobless claims down, retail sales surprisingly strong. Soft landing looking good. I agree but everyone seems to on the same side of the boat which does worry me, but I am staying long
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Post by olmucky on Aug 15, 2024 18:33:29 GMT -5
I will take that advice. Have 250 on hand right now and I am debating what to do with it. Thank you
My suggestion, if I may, is to be sure to call a fee-only fiduciary financial advisor. They are legally bound to act in your best interests and don't sell you commissioned products. Edelman Financial Engines is one of the best. I've been very happy with Fisher Investments, but I believe their minimum is $500k.
Fisher has a floor or two in my building. They have a slew of folks working for them What’s funny is, we have a shared atrium. It’s 5 story’s of glass. All offices have a view in the atrium. Whenever the fisher folks who sit w their backs to the glass/atrium make transactions they pull up a temporary screen to cover themselves and their computer screens. I guess they caught me watching with my camo binocs (joking)
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Post by nuevowavo on Aug 16, 2024 13:34:50 GMT -5
My suggestion, if I may, is to be sure to call a fee-only fiduciary financial advisor. They are legally bound to act in your best interests and don't sell you commissioned products. Edelman Financial Engines is one of the best. I've been very happy with Fisher Investments, but I believe their minimum is $500k.
Fisher has a floor or two in my building. They have a slew of folks working for them What’s funny is, we have a shared atrium. It’s 5 story’s of glass. All offices have a view in the atrium. Whenever the fisher folks who sit w their backs to the glass/atrium make transactions they pull up a temporary screen to cover themselves and their computer screens. I guess they caught me watching with my camo binocs (joking)
Are you in Tampa? That's where my advisor is.
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Post by ferris1248 on Aug 19, 2024 5:29:18 GMT -5
2 words this week. Jackson Hole.
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Post by ferris1248 on Aug 19, 2024 8:42:15 GMT -5
"Stocks had their best week of 2024 as fresh economic data helped ease recession fears." "For the week, the S&P 500 (^GSPC) popped nearly 4% and the Nasdaq Composite (^IXIC) soared more than 5.2% higher. Meanwhile, the Dow Jones Industrial Average (^DJI) rose almost 3%." "This week, a relatively quiet economic calendar will shift the market focus to the Federal Reserve as Chair Jerome Powell is expected to speak Friday morning at the Jackson Hole Symposium. Investors will be closely listening for hints on when, and how much, the Fed plans to cut interest rates in 2024." "On the corporate side, retail earnings reports will continue to be in focus, with announcements expected from Lowe's (LOW), Target (TGT), Macy's (M), TJX (TJX), and BJ's (BJ)." "The latest data prints have shown inflation continues to fall toward the Fed's 2% goal while consumer spending holds up and layoffs aren't ticking higher." "In sum, economists and Wall Street strategists have argued this week's data dump shows the vaunted soft landing, where the US economy avoids a sharp economic downturn as inflation retreats to the Fed's 2% goal, is now firmly back in sight." "This week's jam-packed data calendar delivered mostly good news. Inflation was generally tepid, and activity still looks healthy," Bank of America Securities head of economics Michael Gapen wrote in a weekly note to clients on Friday. "The recent data flow is consistent with our soft-landing forecast." "As of Monday morning, markets are pricing in a 72% chance the Fed will lower interest rates by 25 basis points by the end of its September meeting, and a 28% chance of a cut of 50 basis points. A week ago, markets had priced in a 50% chance the Fed would implement the deeper cut." finance.yahoo.com/news/all-eyes-on-the-fed-at-jackson-hole-amid-market-rebound-what-to-know-this-week-115800526.html
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