TherealS&P500startedonFebruary27th,1957.Thedatabeforethatcannotbeusedforreturncalculationpurposessincetheindexwasnot500stocks.Ithasverysmallnumbersofstockscalled'CompositeIndex'.Startingin1957,wehave60yearsdatatouseforcalculatingthereturnswhichisaround10%averageannually.
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Myunderstandof'炒股'isdaytradingandquickturnoverofstocks.Saying1%to5%daytradersmakingmoneyistoogenerous.Actually,onlylessthan1%daytradersmakemoney.Therestofthemusuallydisappearinabout2to3yearssinceitisveryhardtomakemoneyconsistentlyforalongperiod.Daytradingcanproduceprofitinashortperiodoftimewhenthemarketisuplikerightnow.
Remember1999?Everyonewasatraderandeverythingyouboughtwasgoingup.T...[
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Wheneveryouswitchajoborretirefromacompany,youshouldalwaysrolloveryour401(k)or403(b)fromyourpreviouscompanytoanIRAaccountcalledRolloverIRAwithFidelity,CharlesSchwaboranyotherbrokeragecompanies.TherearenoanytaxconsequencieswhenmovingyourmoneyovertoaRolloverIRAaccount.Youshouldnotleaveitwiththeirpreviouscompanyorrollovertoyourcurrentcompany's401(k)or403(b)plan.
Somecompaniesevenwillletyoutorol...[
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Ihavebeenreadingthepostsin投资理财and大千股坛.Therearealotofpoststhatareveryinterestinginbothforums,butIlikethepostsin投资理财better.
Myimpressionaboutthepostsin大千股坛isthatmostpostsaretalkingaboutveryshort-terminvestments,quiteofthemaredaytradingorshorttermtrading,whichgenerallyIwouldlabeltheactivityas炒股.Ithasbeenproventhat99%day-traderslosemoneyandwilllastabout2to3years.Sothereisnoassetal...[
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Mostofushaveverygoodjobs.OverallAsianisthehighestincomegroupamongWhite,BlackandHispanic.AmongtheAsians,wearethesecondhighestgroupwhichmeansthatwearethesecondhighestincomegroupinthenation.Thus,weshouldlivelikethesecondhighestincomegroup,butwedon't.Weliveveryfrugalandbehavelikepoorpeople.Idon'tmeanallChinese,butquitefewofus.
Welikefood.Wherethereisfood,thereareChinese.Ourclothessmellbecau...[
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Goldisnotsuitableforourretirementinvestmentgoal.Goldisapartofanassetclasscalled'PreciousMetal',butitisnotanincomegeneratingasset.Investingingoldisaspeculativeplaytowaitforitsappreciation,notlikeinvestmentinrealestate,bondordividendpayingstockwhichwillproduceincomeforyourretirementneeds.
Ifyouareahighnetworthinvestor,Iwouldthinkthatyouwillneedtoinvestingold,justasanassetclassinyourwholep...[
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ThisismypostinaTrumptaxcutdiscussion.
TherearealotcountrieswhichhavehighDebt/GDPratio,ChinaandJapanforexample.ButChinaGDPisgrowingat6to7%pacewhichisalothigherthanUS.USGDPhasbeengrowingatrateof1.5to2%forthepast9years.AslongasyouhaveadecentGDP,youshouldbeabletoserviceyournationaldebt.That'swhyChinacanhandleahigherdebtratiothanUS.Wecanhandleourratioof100%,thatisnoquestionaboutit.Butwecannothan...[
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2008wasaveryuniquerecessionandseverityinrecentmemory.Ihavemadeastatementinoneofmyposts,Ihavesaidthatwewillnotseeanother2008inourlifetime,orIshouldsaythatthechanceofanother2008typeofrecessionisalmostzero.Theonlyrecessionmoreseverethan2008was1929calledGreatDepression.
WhyIamsayingthatwewillnotseeanother2008recessioninourlifetime?2008isaperfectstorm,everybadthingshappenedatthesametime.Putitsimply,...[
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Isitthetimetoinvestinarentalproperty?Beforeansweringthequestion,youneedtoaskyourselftwoquestions.
1.Willtherentalpropertyhaveapositivecashfloworbreakeven?
2.Doesyournewrentalpropertyinanareahaveanappreciationpotential?
IfyouhaveYESforbothquestions,itisabuy!Butactually,theanswerisnotthatsimple.Youneedtolookatyourareaofpopulationgrowth,jobmarket,school,etc.Iwouldconsiderthefirstbuyingquesti...[
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Investmentisaverypersonalthingandhasmuchtodowithyourknowledge,experienceandrisktolerance.
Formostofinvestors,astockmarketindexfundlikeSPY,VOOoratotalstockmarketindexfundlikeVTIissuitableforthemsinceitishighlydiversifiedwithlowrisk.Thatiswhyyouwillfindtheminmostof401(k)plans.
ThesectorfundsinvestinaparticularbusinesslikeXLF,XLU,etc.andtheyarenotasdiversifiedasindexfundsandtheriskprofileishigh...[
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