General Discussion

Dorian Gray

(13,850 posts)

63. Exactly

Fri Jul 28, 2023, 11:35 AM

Jul 2023

it works so well in my retirement accounts, I've mirrored it in my non-retirement accounts. I have a few index funds that I transfer some of my savings into each month. Not a huge amount, but over time, it's really paid off. (like $100 per month.) I have sold some to pay for renovations, down payment on our home, etc when I need to, and I don't have to touch my retirement account.

There are people who think "playing the market" is dangerous (or in this thread, greedy). I guess both can be true you're constantly buying and selling, don't have a broad mix of securities and want to hit it BIG, but slow and steady really is the way to go here.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

79 replies

= new reply since forum marked as read

Highlight:

The Dow is on pace to do something today it hasn't done since 1897 [View all] brooklynite Jul 2023 OP

Time to buy some puts? BComplex Jul 2023 #1

I never "play" the market brooklynite Jul 2023 #2

Good plan! BComplex Jul 2023 #3

Ever heard of the Bogleheads? ARPad95 Jul 2023 #4

I do just a little wryter2000 Jul 2023 #26

Called "dollar cost averaging", and orthoclad Jul 2023 #54

yes Dorian Gray Jul 2023 #60

It's the standard practice for nearly all retirement plans, orthoclad Jul 2023 #62

Exactly Dorian Gray Jul 2023 #63

Fucking Biden. Look what he did! Sleepy ass, old coger needs to resign for the "damage" he's done! AZLD4Candidate Jul 2023 #5

Bingo geardaddy Jul 2023 #9

It's actually...but, but, but, her emails! Escurumbele Jul 2023 #33

"Codger". nt BlackSkimmer Jul 2023 #13

Everyone forgot what happened in october 1987. jimfields33 Jul 2023 #16

I didn't know it was around in 1897 Yellowdog-1966 Jul 2023 #49

I misread the date in the OP Sympthsical Jul 2023 #71

He-ah now, pardnuh, hold 'er reyet theyuh, yore shore gittin' mitey close to, jaxexpat Jul 2023 #22

Should I take my RMD for the year? nt DURHAM D Jul 2023 #6

I think we're having an overshoot on the upside and it could last several months bucolic_frolic Jul 2023 #7

Yeah, we tax-and-spend, woke liberals pretty much destroyed the economy, didn't we? SpankMe Jul 2023 #8

Must be the delayed effect of Trump's policies Pinback Jul 2023 #11

Of course! LymphocyteLover Jul 2023 #18

Greed is good Backseat Driver Jul 2023 #10

Just bought some bread so I'm off to the circus Kennah Jul 2023 #14

Entertainment and lifestyle vices are so entertaining Backseat Driver Jul 2023 #25

We keep pumping money into the casino orthoclad Jul 2023 #65

Investing is greedy? brooklynite Jul 2023 #20

I'm sure there will be an argument for why it is Dorian Gray Jul 2023 #64

Bidenomics Baby! gab13by13 Jul 2023 #12

I'm glad the dow is up, but I'm wary of giving credit, or blame, to a president onenote Jul 2023 #57

I'm so old I remember when the Dow was flirting with ending the trading day at 2000. OMGWTF Jul 2023 #15

Simple rule. multigraincracker Jul 2023 #17

Wrong. brooklynite Jul 2023 #21

And some want to go back to trump/republican economics. republianmushroom Jul 2023 #19

1897?? BadgerMom Jul 2023 #23

Not sure this is as impressive as it may seem. sdfernando Jul 2023 #24

Someone correct me if I'm wrong wryter2000 Jul 2023 #27

Clinton said trickle down doesn't work Beastly Boy Jul 2023 #50

I knew about their economic bills wryter2000 Jul 2023 #79

And most of the rich will STILL vote repug. Ferrets are Cool Jul 2023 #28

As usual Bear Creek Jul 2023 #29

It actually does good for a lot more than 1% of us. Old Crank Jul 2023 #30

Not really Bear Creek Jul 2023 #31

Believe what you will Old Crank Jul 2023 #32

I am also in that category, as many are. babylonsister Jul 2023 #34

Again Bear Creek Jul 2023 #38

Miniscule? Zeitghost Jul 2023 #41

That's why they created IRAs etc, orthoclad Jul 2023 #59

Yes, that's the idea Zeitghost Jul 2023 #66

It's not about us making more money - orthoclad Jul 2023 #67

SSI + IRA SSI Zeitghost Jul 2023 #69

Absolutely Bear Creek Jul 2023 #74

They want to use our savings as a mass orthoclad Jul 2023 #77

the 1% thing doesn't tell the whole story, as you said WarGamer Jul 2023 #46

And when most people suffer through recessions, orthoclad Jul 2023 #61

Stock ownership is concentrated among the wealthy and white progressoid Jul 2023 #42

What do you mean by miniscule? Compared to what? SYFROYH Jul 2023 #40

Overall Bear Creek Jul 2023 #48

The stock market affects EVERYONE, one way or another WarGamer Jul 2023 #45

Not really Bear Creek Jul 2023 #47

Another twist not mentioned BlueIn_W_Pa Jul 2023 #53

The stock market IS taxed. We pay a significant amount of Capital Gains Tax every year. brooklynite Jul 2023 #55

Is that because of your wealth? BannonsLiver Jul 2023 #68

We've done very well investing since we got married and held Govt jobs... brooklynite Jul 2023 #72

Damn those Union Pension Funds cashing in on a bull market..... brooklynite Jul 2023 #56

I think there's a typo in the headline. summer_in_TX Jul 2023 #35

ouch -235 today WarGamer Jul 2023 #36

And the streak ends. former9thward Jul 2023 #37

The stock market Bear Creek Jul 2023 #39

+1 progressoid Jul 2023 #43

But but but the Slobfather said that the stockmarket would crash if Biden won malaise Jul 2023 #44

And some of his cult probably dumped their stocks. Of course, the same is true onenote Jul 2023 #52

Not all professionals DFW Jul 2023 #70

Friday: Dow up another 153..... brooklynite Jul 2023 #51

looks like you jinxed it :) garybeck Jul 2023 #58

Yes: The Dow sinks, snapping its longest run since 1987 Celerity Jul 2023 #78

Friday Dow midday edhopper Jul 2023 #73

Uhhh.... Friday midday, Dow is UP over 200. onenote Jul 2023 #75

You are right edhopper Jul 2023 #76