Talking stocks, trading, and investing in general

[imatlas]

Any of you guys have American Funds in your portfolio? They seem expensive compared to say Vanguard and each fund seems to have its own special sauce.

My brother-in-law said his advisor put him in a lot of them and I said I would check them out as I was not familiar with their fees.

Yes, and those are the exact funds that I'm planning to get rid of. They're popular with financial advisors, which should tell you something. I inherited mine, I would not have bought into them myself.

 

[gettoasty]

Active vs passive investment

AF falls under the former

 

[Piobaire]

Yes, and those are the exact funds that I'm planning to get rid of. They're popular with financial advisors, which should tell you something. I inherited mine, I would not have bought into them myself.

Now that's baller. Inheritance must rock.

 

[jbarwick]

Yes, and those are the exact funds that I'm planning to get rid of. They're popular with financial advisors, which should tell you something. I inherited mine, I would not have bought into them myself.

Thanks for that. My BIL likely has something in the 6-figures tier up in those....

 

[Texasmade]

One day I'll own a car.

And I'm about to go to the 2 car method this year. Why have 1 car when you can do a nice weekend car and a daily driver car?

 

[imatlas]

Now that's baller. Inheritance must rock.

Yeah losing a parent is da bomb.

 

[Piobaire]

Yeah losing a parent is da bomb.

That part sucks but getting stuck with a funeral bill you pay out of your own pocket sucks even more. Ask me how I know.

 

[patrickBOOTH]

Well everybody loses parents, that's fixed. Not all parents have assets.

 

[patrickBOOTH]

How do you FIRE out of a funeral bill?

 

[Piobaire]

Don't pick up your phone when you see it's a sibling calling?

 

[jcman311]

That part sucks but getting stuck with a funeral bill you pay out of your own pocket sucks even more. Ask me how I know.

So you got an inheritance. You inherited debt.

 

[Piobaire]

Anti-baller inheritance. I can't compete.

 

[Omega Male]

So let me get this straight -- Dow is at a record high, jobless claims are near a record low and core CPI was a lot higher than expected last month, but the talk is all about whether the Fed should cut by 25 or 50 basis points? Maybe I can get a refund on my ******* economics degree.

 

[patrickBOOTH]

I think the Fed should leave rates well alone. They are going to want to have ample room to lower rates during whatever downfall we have in the future.

I did read that the segment for working age men specifically has been declining. I am not sure how that is reflected in the overall numbers though.

 

[brokencycle]

Excluding the last 10 years, our rates are about the lowest they have ever been. You'd think they would want higher rate to provide that buffer in a recession, but I think it might be a bit late as I fear one is coming end of this year early next year.

But let's be honest, it is political. No politician likes to see rates go up, so they keep pressure on the Fed. I saw a bit of the Congressional testimony this week, and the Congresswoman from the Detroit area was complaiing about the unemployment rate in her district and how it is still above 5% and what monetary tools did they need to help that?