I'm declaring victory on all my S&P 500 funds remaining in
my one IRA at the close. I have good inventory there from buying
during the last crash and many dips along the way I've accumulated.
I will keep our other IRA invested (my wife's) with a 16%
allocation for now. I believe if there is a correction at some
point, the S&P will take the brunt of it. The monthly closes
chart Matt/Steve have shared provides good insight to the
trajectory of this rise (I've attached it in this post). My maximum
target for the S&P next year would be 5,000 IF it happens. So
I'm preparing now and feel good about this move.
I still have my QQQ, EFA, IWM, MDY allocations as well as a
handful of other individuals in small caps. Still have my health
sciences holdings as well via PRHSX. They should continue to
perform well as they have for years. We are carrying some cash that
we won't need for a while in I Bonds which are paying 7.12% and
compound semi annually. This will keep cash performing well and if
inflation persists, the rates will remain elevated. Can only do
$10,000 per year per person in those though it is still a deal.
This bucket we put funds we know we won't need for at least 12
months.
We have significant municipal bond fund assets that we acquired
during the Meredith Whitney scare years ago. Those were insane
prices to buy at and they are still paying and compounding tax
free. We have our smallest portion in bank accounts as they
pay nothing, just for paying bills and a few bucks on hand if we
need it.
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Happy New Year everyone I'm declaring
Posted by fundamentalvalues on 27th of Dec 2021 at 02:16 pm
Happy New Year everyone
I'm declaring victory on all my S&P 500 funds remaining in my one IRA at the close. I have good inventory there from buying during the last crash and many dips along the way I've accumulated. I will keep our other IRA invested (my wife's) with a 16% allocation for now. I believe if there is a correction at some point, the S&P will take the brunt of it. The monthly closes chart Matt/Steve have shared provides good insight to the trajectory of this rise (I've attached it in this post). My maximum target for the S&P next year would be 5,000 IF it happens. So I'm preparing now and feel good about this move.
I still have my QQQ, EFA, IWM, MDY allocations as well as a handful of other individuals in small caps. Still have my health sciences holdings as well via PRHSX. They should continue to perform well as they have for years. We are carrying some cash that we won't need for a while in I Bonds which are paying 7.12% and compound semi annually. This will keep cash performing well and if inflation persists, the rates will remain elevated. Can only do $10,000 per year per person in those though it is still a deal. This bucket we put funds we know we won't need for at least 12 months.
We have significant municipal bond fund assets that we acquired during the Meredith Whitney scare years ago. Those were insane prices to buy at and they are still paying and compounding tax free. We have our smallest portion in bank accounts as they pay nothing, just for paying bills and a few bucks on hand if we need it.