Your View On If-come v. Income

[crossbody]

/----/ Thanks. I own some Canadian gold coins gong back to when it was $350 an ounce. I also hold a spider GLDM and silver trust SLV. I'm 73 and am holding more cash and a mutual fund, SWPPX, to insure I never run out of money.

What is SWPPX?

 

[Lisa558]

I'm not buying any gold or silver. I think that train passed many years ago. Gold is too heavy for it to ever be a thing again.

We live in an investment era of stocks, bonds, real estate, businesses, etc... Money today is "air-money" like debit, tap, etc... Heavy bars of gold and silver will never come back in style. We are not a heavy lifting labor-some generation like they were during the industrial and farming era.

As long as everyone does not own it, the value of it will never rise very high. That's another problem with gold, silver, platinum.

Nobody buys a gold bar to lug it around. It’s the melt value that counts - and there will always be a demand for gold jewelry.

As far as silver, there will e increased demand due to electronic components.

But either way, I didn’t buy it (a small percentage of my portfolio) for growth. It’s a hedge against inflation in case Kamala wins and continues Biden’s inflationary policies.

 

[Lisa558]

What is SWPPX?

It’s a broad index fund, following the S&P 500.

I don’t own that one, but I have VTI - which invests in the entire market.

 

[crossbody]

That’s silly. “IF” my stocks increase by 30% next year, I’ll make a fortune!

yea but it's all still in the "if-come" category

 

[Lisa558]

yea but it's all still in the "if-come" category

That’s my point!

If my stocks double next year, I’m buying a beach house!

 

[crossbody]

Nobody buys a gold bar to lug it around. It’s the melt value that counts - and there will always be a demand for gold jewelry.

As far as silver, there will e increased demand due to electronic components.

But either way, I didn’t buy it (a small percentage of my portfolio) for growth. It’s a hedge against inflation in case Kamala wins and continues Biden’s inflationary policies.

Thanks good information. I saw them melting gold on a TV show and just a small amount of gold netted them more than a hundred thousand.

 

[crossbody]

I'll speak more on if-come v. income when I get home from work today.

 

[22lcidw]

The market is not going to crash.

The world has massive debts swishing around. At times potential crashes appear and the powers that be shore up the problem. Supposedly there are des centuries old. Also, a century old, generational, recent decades and all the way to yearly. Many wars due to it. Human life is the tradeoff collateral and those who print the money and finance the wars become rich with the world resetting.

 

[Cellblock2429]

What is SWPPX?

/----/ There are other similar funds out there.
Schwab® S&P 500 Index Fundhttps://www.schwabassetmanagement.com/products/swppx

 

[crossbody]

While if-come is primarily associated with... if the stock market does well your money does well. Income is usually associated with a second stream of income. Some know it as building a second stream of income. Income is done by one buying income producing assets. Most doctors have gotten wealthy this way. They would put their money together to purchase several apartment complexes.

Take for instance the year 2020, the COVID pandemic. The stock market crashed. People lost lots of money at that time from their "if-come." The real estate... rental property, mortgage payments, etc... that "income" money kept flowing. Please add your perspective to this.

 

[Cellblock2429]

While if-come is primarily associated with, if the stock market does well your money does well. Income is usually associated with a second stream of income. Some know it as building a second stream of income. Income is done by one buying income producing assets. Most doctors have gotten wealthy this way. They would put their money together to purchase several apartment complexes.

Take for instance the years 2020, the COVID pandemic. The stock market crashed. People lost lots of money at that time from their "if-come." The real estate... rental property, mortgage payments, etc... that money "income' money kept flowing. Please add your perspective to this.

/——/ Trailing stop losses would protect you against sell off, and covered calls generate income if you decide to hold.

 

[Lisa558]

While if-come is primarily associated with... if the stock market does well your money does well. Income is usually associated with a second stream of income. Some know it as building a second stream of income. Income is done by one buying income producing assets. Most doctors have gotten wealthy this way. They would put their money together to purchase several apartment complexes.

Take for instance the year 2020, the COVID pandemic. The stock market crashed. People lost lots of money at that time from their "if-come." The real estate... rental property, mortgage payments, etc... that "income" money kept flowing. Please add your perspective to this.

Or….another way is to have a lot of dry powder, so when there’s a stock market crash, you can buy in at the lows and enjoy the ride back up. I’ve done that twice, and the second time, it allowed me to retire ahead of schedule.

 

[Andrew_Jackson_FTW]

/----/ There are other similar funds out there.
Schwab® S&P 500 Index Fundhttps://www.schwabassetmanagement.com/products/swppx

That’s the S&P 500 index fund that I have.

Schwab is a great brokerage firm to work with. They offer an international debit card that pays for any foreign transaction fees on cash atm withdrawals. Very helpful to in somewhere like Thailand , where the debit card fees are high. Schwab covers all of them with their Schwab debit card.

The only time the international fees are not covered is with something known as dynamic currency conversion. Where if you’re in a foreign country and the ATMs are actually paying you in US dollars instead of their local currency.

 

[Cellblock2429]

That’s the S&P 500 index fund that I have.

Schwab is a great brokerage firm to work with. They offer an international debit card that pays for any foreign transaction fees on cash atm withdrawals. Very helpful to in somewhere like Thailand , where the debit card fees are high. Schwab covers all of them with their Schwab debit card.

The only time the international fees are not covered is with something known as dynamic currency conversion. Where if you’re in a foreign country and the ATMs are actually paying you in US dollars instead of their local currency.

/---/ I found this out. I'm going on a tour of Italy at the end of the month. I called and found out about it, but I'm using my United Visa with the same benefits.

 

[MarathonMike]

A mix of solid stocks and real estate worked great for me and millions of other folks.

 

[Dr.Know]

Best to stay away of the market unless you have money to gamble. The feds are probably holding the market up by buying Futures on the S and P to prevent it from crashing. They control gold prices with futures the same way.

People expect that the market will continue to act in a predictable manner, as it has always done BUT what the masses do not know is that we are at the start of the New World Order and the WEF is calling the shots. This is major and may even result in NO STOCK MARKET in the future as people will not be able to own assets.

You could swing trade a couple hundred shares for fun but the good old days I fear are over.

 

[Harpy Eagle]

Best to stay away of the market unless you have money to gamble. The feds are probably holding the market up by buying Futures on the S and P to prevent it from crashing. They control gold prices with futures the same way.

People expect that the market will continue to act in a predictable manner, as it has always done BUT what the masses do not know is that we are at the start of the New World Order and the WEF is calling the shots. This is major and may even result in NO STOCK MARKET in the future as people will not be able to own assets.

You could swing trade a couple hundred shares for fun but the good old days I fear are over.