I thought I’d share for those here who follow news concerning the stock market, the economy, or just finance in general. Some here may know that I’m a wanna be market guru/investor. This has been a life-long passion and I’ve done quite well considering that I’m self-taught, IMHO.

Over the last several decades I’ve done endless research and it’s given me a priceless education. When I began my journey in the late 80’s the only resources I had were a small handful of financial publications and the public library. There weren’t as many cable TV/radio programs as we have today. As information became easier to access and more readily available a problem surfaced. Information overload! Countless ratings agencies with differing opinions, writers and reporters with hidden agendas, bloggers, and the list goes on. To be clear, I don’t waste my time looking for stock-pickers advice, I can draw my own conclusions. A Morningstar journalist by the name of John Rekenthaler caught my attention a while back. His writing style states fact as fact, opinion as opinion, and he keeps politics out of it. His insights are unique compared to countless others. He’s recently covered such topics as Bitcoin, the GME short-squeeze, and most recently the Archegos melt-down. If anyone here is familiar with him I’d like to know what you think. If not take a look at his work and post if you’d like.

His perspective is from a financial point of view, not political. That’s the reason I posted here.......

Time in the market, not timing the market. Can’t beat the S&P 500 index in the long run.

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Past mb: '73 450sl, '81 280slc stick, '71 250, '72 250c, '70 250c, '79 280sl, '73 450sl, parted: '75 240d stick, '69 280s, '73 450slc, '72 450sl,

There was a new, recently hired on young female engineer assigned to the mill for a period of time. She had purchased dogecoin for .03/each and tried to get me to buy some. Needless to say I did not buy any. She has done well so far.

I like stocks that pay dividends.

I will say back in early 2000's I had a bunch of AMZN and picked up CHTR right when it went public. Needless to say I took a little profit and sold. Should have held both of them.

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Jim

I learned long ago to live within my means, this means don't worry about treads and fashions .

I mostly have blue chop stocks and although they take a dive now and then I've done very well .

I tend to buy whenever the market goes into a panic, that's working the long game , not constant in and out buying and selling .

One of the kids I mentored after his father died early is *very* good at the day trading game, he spends about two hours at it every day and is indipendantly wealthy, I don't have the interest in daily trading .

Time and attention are how you make it work best .

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-Nate
1982 240D 408,XXX miles
Ignorance is the mother of suspicion and fear is the father

I did then what I knew how to do ~ now that I know better I do better

One thing I was taught and figured out on my own was to accumulate most of your wealth in tax-advantaged retirement and education savings accounts. For a middle-class household, all of its intangible wealth should be in those accounts by the time the person or couple hits 60.

When we were 50, we started making "catch-up" contributions to our retirement accounts. We actually re-fi-ed our mortgage, starting over with a 30-year schedule, to have more cash for contributions.

My main retirement account has an S&P 500 index fund. For a long time, I'd jump into it after the market tanked, ride the bounce back up, and then get out and wait for the next tank. That worked well for a long time. But, tanks were far and few during the Trump years. We were mostly out when the COVID tank hit, and then we got back in and rode the rebound. So, we did really well in 2020. But, because all of those gains were in out retirement accounts, we still got our stimulus checks. They really didn't make much difference, but it was fun screwing the system.

A true patriot to the end

Real estate has been good for me. I have tended to buy cool historic buildings with good architecture and poor condition and significant vacancy, fix them up, rent them and then sell them and do it again. The buildings I have now I bought in good condition with good vacancy. I am living off the positive cash flow.

I'll be fine as long as the vacancy does not rise.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

good thing for you they keep making more peeps needing a place to live

so far.

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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.[SIGPIC]

..I also have a 427 Cobra replica with an aluminum chassis.

All governments are creating an environment forcing you to buy equity. Interest rate is so low that holding CD is not beating inflation. Any reasonable stocks will give you 2% dividend return, providing no erosion in principle. Safest bet is to buy big blue chips or utilities. Happy investing.

Btw: if you had been holding on stock since 2008 then you should be doing very well.

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Not MBZ nor A/C trained professional but a die-hard DIY and green engineer. Use the info at your own peril. Picked up 2 Infractions because of disagreements. NOW reversed.

W124 Keyless remote, PM for details. http://www.peachparts.com/shopforum/mercedes-used-parts-sale-wanted/334620-fs-w124-chasis-keyless-remote-%2450-shipped.html

1 X 2006 CDI
1 x 87 300SDL
1 x 87 300D
1 x 87 300TDT wagon
1 x 83 300D
1 x 84 190D ( 5 sp ) - All R134 converted + keyless entry.

One of the causes of the RE tank on Foriduh in 2008 was that Floriduh's population was decreasing. The old geezers from up north were dying off. But, the new crop of replacement geezers from up north weren't coming, because their 401(k)'s tanked and because they couldn't sell their houses up north. There were more housing units than people to live in them.

There are a bunch of high-rise, gulf front condo's in Bubbaville Beach. When the meltdown hit, they continued construction on the new ones just enough to make them weathertight. The interiors were hollow, and they stayed that way for years.

Hey, give me a set of rules and I'll follow them... barely.

I bought a little Crypto. Bit coin for me is up 356% over 3 yrs. Etherium is up about 15% and Doge is up 380% so .... not to bad.

I only have a little invested in the crypto, main assets are in my 401k's and a little in stock and 2 rental properties.

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Sent from an agnostic abacus

2014 C250 21,XXX my new DD ** 2013 GLK 350 18,000 Wife's new DD**

- With out god, life is everything.
- God is an ever receding pocket of scientific ignorance that's getting smaller and smaller as time moves on..." Neil DeGrasse Tyson
- You can pray for me, I'll think for you.
- When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours.

Or, having seen the rules, you can keep on.

Thanks to all for the replies, but I’m really curious if anyone here has read any of Mr. Rekenthalers’ articles, and what you think?