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SVTPerformance's Chain of Restaurants
Road Side Pub
Best type of investment
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<blockquote data-quote="Ohio Snake" data-source="post: 15961421" data-attributes="member: 157862"><p>Your the man with plan on investing!</p><p></p><p>1.) Mutual funds end in the ticker symbol letter X. FNCIF and FBCGF do not seem to be mutual funds, ETF or stock when searched by ticker. Are you sure you have the correct ticker? I can only assume you are sticking with Large Cap US Domestics such as your other two legit mutual funds.</p><p></p><p>2.) The two mutual funds you list are fantastic performing funds that meet your statement of averaging 10%-14% (3,5,10- year). You cant average a 1-year return, but lets add that in for argument sake. You missed my point that you stated in post #5 “most funds WILL return 10%-14%” which is blatantly false. Fidelity has 1056 funds as of 7/18/18 and I can assure you that “most of the funds” DO NOT average 10%-14%....and I am only relating to Fidelity Funds to keep it simple stupid.</p><p></p><p>3.) You are using US Domestic Large Cap as your point. You are correct they have performed fantastic over the long term. After all, the investment objective for Large Cap growth is based on long term investing. The OP does not indicate if the investment is for the short term, however there is an indication of at least 12 months invested based on long term capital gains tax in post #1. It is assumed that he may use the proceeds within 3-5 years since since he referenced first home purchase and the 5 year wait on a Roth IRA in the same post.</p><p></p><p>4.) The legit mutual funds you use are benchmarked to the SP500. The benchmark and the funds have not seen any volatility since 2008. The maximum drawdown on FOCPX and FTRNX are -45.98% and -44.45% respectively in 2008. The best year for the same two funds is 2009 with a return of 62.25% and 44.94% respectively. The markets are bumpy right now. The OP should be informed that these funds could have a huge loss in an attempt to get the average gain. Should the OP ignore the potential for a large loss on the short term? Your fantastic average returns hide this fact.</p><p></p><p>5.) When should one expect the markets to have a pullback, correction or see a bear market? Know one knows, however there are a few statistics one should be aware of:</p><p>a.) The SP 500 has already been -10% earlier in the year and is currently 2% up.</p><p>b.) The current market expansion is at 109 months, the record months for expansion (1990’s) is 120 months. The average months for expansion is 47 months and the average for a recession is 15 months. The current bull market is long over due for a pull back. Short Term investing in Large Caps under these conditions may not be the wisest strategy. Again, no one knows when the market will finally pull back. </p><p></p><p>Your original post was blatantly false with your statement and lacked the proper information for the OP to make an informed decision. The two legit funds you provided are great performers....no question about it. BTW- ProFunds has a fund up 70% YTD. May be he should go fo that one!</p><p></p><p></p><p>Sent from my iPad using Tapatalk</p></blockquote><p></p>
[QUOTE="Ohio Snake, post: 15961421, member: 157862"] Your the man with plan on investing! 1.) Mutual funds end in the ticker symbol letter X. FNCIF and FBCGF do not seem to be mutual funds, ETF or stock when searched by ticker. Are you sure you have the correct ticker? I can only assume you are sticking with Large Cap US Domestics such as your other two legit mutual funds. 2.) The two mutual funds you list are fantastic performing funds that meet your statement of averaging 10%-14% (3,5,10- year). You cant average a 1-year return, but lets add that in for argument sake. You missed my point that you stated in post #5 “most funds WILL return 10%-14%” which is blatantly false. Fidelity has 1056 funds as of 7/18/18 and I can assure you that “most of the funds” DO NOT average 10%-14%....and I am only relating to Fidelity Funds to keep it simple stupid. 3.) You are using US Domestic Large Cap as your point. You are correct they have performed fantastic over the long term. After all, the investment objective for Large Cap growth is based on long term investing. The OP does not indicate if the investment is for the short term, however there is an indication of at least 12 months invested based on long term capital gains tax in post #1. It is assumed that he may use the proceeds within 3-5 years since since he referenced first home purchase and the 5 year wait on a Roth IRA in the same post. 4.) The legit mutual funds you use are benchmarked to the SP500. The benchmark and the funds have not seen any volatility since 2008. The maximum drawdown on FOCPX and FTRNX are -45.98% and -44.45% respectively in 2008. The best year for the same two funds is 2009 with a return of 62.25% and 44.94% respectively. The markets are bumpy right now. The OP should be informed that these funds could have a huge loss in an attempt to get the average gain. Should the OP ignore the potential for a large loss on the short term? Your fantastic average returns hide this fact. 5.) When should one expect the markets to have a pullback, correction or see a bear market? Know one knows, however there are a few statistics one should be aware of: a.) The SP 500 has already been -10% earlier in the year and is currently 2% up. b.) The current market expansion is at 109 months, the record months for expansion (1990’s) is 120 months. The average months for expansion is 47 months and the average for a recession is 15 months. The current bull market is long over due for a pull back. Short Term investing in Large Caps under these conditions may not be the wisest strategy. Again, no one knows when the market will finally pull back. Your original post was blatantly false with your statement and lacked the proper information for the OP to make an informed decision. The two legit funds you provided are great performers....no question about it. BTW- ProFunds has a fund up 70% YTD. May be he should go fo that one! Sent from my iPad using Tapatalk [/QUOTE]
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