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Talking stocks, trading, and investing in general

lawyerdad

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Lionel Hutz

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Yes, but that would only work if you actually have substantial assets in taxable accounts.
Meh, some people only have the funds to max 401(k)/IRA and they might want to consider bonds in their tax advantaged accounts but if it is at all possible everyone should also hold a 6 month emergency cash reserve in their taxable accounts which can be used as a proxy for bond exposure. If they don't have the funds available to build a cash reserve then yes, the advice would not work for them
 

jbarwick

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Being on the poor end of SF, we only hold funds in 401k/IRA and cash in savings for an E-Fund. I surprised I am even allowed to post here.
 

Lionel Hutz

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Being on the poor end of SF, we only hold funds in 401k/IRA and cash in savings for an E-Fund. I surprised I am even allowed to post here.
Depending on your age you might be a prime candidate to reduce your bond exposure in tax sheltered accounts and rely on your (taxable) emergency funds as a proxy for bond exposure.

In our low-rate environment I don't find the yield premiums of longer duration offerings (or funds) to be adequately compensate me for the duration risk. As such, I avoid high-yield/junk as well as long term/medium term funds

I would not counsel such an approach with the market where it is but in theory you might be right for such an approach (which I would implement with rebalancing and new investments -- I would not recommend liquidating your bonds and investing in equities at these levels)
 

Lionel Hutz

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otc

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I think I could spend all day trolling through /r/personalfinance and responding to posts with "You know that's not true, right?"

That place has really gone to shit.
 

jbarwick

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I think I could spend all day trolling through /r/personalfinance and responding to posts with "You know that's not true, right?"

That place has really gone to shit.
Reddit is not super useful for investing. PersonalFinance is full of people barely surviving, WallStBets is basically pump and dump gambling, and FIRE (Financial Independence, Retire Early) is likely full of dull people. Finding good individuals on Twitter, following blogs, or Stocktwits is far more useful.
 

brokencycle

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Thanks you for your honesty
Don't worry, I'm in the same category.
Reddit is not super useful for investing. PersonalFinance is full of people barely surviving, WallStBets is basically pump and dump gambling, and FIRE (Financial Independence, Retire Early) is likely full of dull people. Finding good individuals on Twitter, following blogs, or Stocktwits is far more useful.
Don't forget /r/frugal
 

Lionel Hutz

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Reddit is not super useful for investing. PersonalFinance is full of people barely surviving, WallStBets is basically pump and dump gambling, and FIRE (Financial Independence, Retire Early) is likely full of dull people. Finding good individuals on Twitter, following blogs, or Stocktwits is far more useful.
I used to frequent the value and BRK boards on Fool.com in the early 2000s, mostly homerism on BRK boards but there were some good peeps on the value boards
 

otc

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R/pf used to be pretty good back before they made it a default front page subreddit (and before Reddit blew up so much with "non-nerds").

Back in the day, a more valid criticism might be that it was full of 27 year old software developers. Full of advice on structuring you savings plan, buying cars/property, dealing with windfalls (inheritance, bonus, whatever)... But completely out of touch and lacking whenever someone came in making 36k needing help paying off medical debts, spouse lost job and looking for advice on child expenses, or trying to stretch a fixed income.

Now it is half frugal financial Independence types who can't keep it contained to their own sub, and half people who came to deal with their own problem and thought "while I'm here, let me give advice to these fellow posters despite a complete lack of qualifications evidenced by my own problems".
 

concealed

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For a third time, I am back on the $SNAP rollercoaster. I bought in near today's lows. It has worked out for me each of the last two times. Ideally I will be out before earnings release in early Feb, with a stop loss at $12 should it crater from here.
 

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