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Reuters and Yahoo Finance report that the Dow 30 NASDAQ and S&P 500 stock indexes all reached record high levels on Monday. According to Yahoo this last occurred in 1999.
Reuters cited as possible factors speculation that the central bank will not soon raise interest rates, rising oil prices due to speculation that oil producers may cut production, and a Bureau of Labor Statistics report issued earlier in the month.
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New York Stock Indexes Reach New Highs
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(Score: 4, Funny) by linuxrocks123 on Tuesday August 16 2016, @05:11AM
Thanks for posting. I get all my investment advice from random Slashdot and SoylentNews posters. Here's my current investment mix:
40% canned food and water
30% firearms and explosives
15% gold, silver, and precious metals
8% BitCoin
5% illegal drugs of various kinds
2% ownership interest in a Libertarian seasteading utopia boat
Of course, I use an underground bunker to store these things, rather than a traditional broker.
For the sane among us, here's some real advice:
- Don't try to time the market.
- Don't try to time the market.
- Use an investment mix appropriate to your age relative to your expected retirement age, and gradually get more conservative as you get older.
- Invest in low-cost index funds rather than actively managed mutual funds.
- Take full advantage of IRAs and any 401(k) plans offered by your employer.
- Don't buy individual stocks (or, if you do, make sure they are a very small percentage of your portfolio and treat them as extremely-high-risk speculative investments).
- Oh yeah, and don't try to to time the market.
(Score: 2) by jmorris on Tuesday August 16 2016, @06:13AM
I wouldn't go all in with ammo yet but another collapse, whether 2008 or 1929 model is anyone's guess of course, is a better than even risk in the next 12-24 months. A lot of people saw 2008 coming and profited thereby. If you take some money off the table now and it goes kaboom, heck of a buying opportunity ahead. And if it does all go full Zombie Apocalypse the money won't matter anyhow.
Though it isn't really a financial planning topic, one should be slightly prepared for Kaboom! at all times. While a societal collapse might not happen, disasters WILL happen somewhere and it could be your turn. I'm in Louisiana and nobody saw this flood we are having right now coming until -maybe- 24-48 hours out. Thankfully my location is about 50 miles outside the serious wetness, just a couple of inches for me, but the local CBS station (KLFY - Lafayette, LA) is pretty much at ground zero; whole Parish under curfew, etc. No hurricane, just a sudden dump of a few feet of rain and 20,000 people needing to be rescued from the rising water.
BE PREPARED or Mother Nature will succeed when she tries to kill you!
(Score: 2) by HiThere on Tuesday August 16 2016, @07:01PM
Since you're expecting a real collapse, you should take some of that money and invest it in Whiskey, Vodka, or Rum. They keep well. And some of that food budget should be sugar cubes, or packets, so you have a ready trade item in small denominations. For this purpose avoid sugar substitutes.
Other things to invest in are nails and wood screws. They store well are are extremely useful once access to hardware stores disappears. Also fence staples. Larger bolts are more readily substituted for by pegs, but drill bits are extremely valuable if you keep them oiled and dry.
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