Stock Market back up over 26,000 currently...

You should post on the money board.

When I'm old I plan to have 50% in equities (VTSAX,VTIAX) and 50% in bonds.

Having everything sitting in equities at 66 seems too aggressive to me but it's hard to know without having more details. I'm also relatively risk averse and not a fund manager.

Happy trails.

My brother is a fund manager

Says that the market this week doesn't make sense.

He expects a shoe to drop with the economy from unemployment/business closures.

He's wrong a lot as are all fund managers who aren't shy about opinions.

I took about 10% of my stocks off the table today. The ones that had recovered and were doing very well, I took some profit and parked it in cash for now.

At your age, I would take alot more than 10% out of stocks with this upswing.

Just remember, if they tell you to sell, and you sell, and you were right, the feds are coming after you for insider trading.

Unemployment is a poor metric right now. A lot of them are living off of federal and state payments of nearly $900 a week. They aren’t going back to work until the gravy train runs out.

One major reason is because of what the FED did by backstopping the system. The government is throwing trillions at this. With rates near 0% people are willing to take more risk. Seems that could lead to an issue at some point down the road. What you have really seen is that we had a market that all your “stay at home” plays did well during the shutdown and continued to grow. Recovery plays and small cap have really started to catch fire. This has led to the most recent surge. Markets also seem to be pricing in the fact that we may have a vaccine/treatment sooner or that we won’t see a major spike back in cases. That is all obviously yet to be determined.

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Unemployment is a poor metric right now. A lot of them are living off of federal and state payments of nearly $900 a week. They aren’t going back to work until the gravy train runs out.

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I don't have an opinion on the matter
My brothers take is that the jobs will not be present for the unemployed when they want work. That compounds 2 problems. Output for companies will be less on smaller staffs. And consumer spending will he down due to unemployment. And that prevents the V shaped recovery that wall street is banking on.

I don't worry myself with things that are outside my control. I've been putting more into retirement and investments... buying on sale, and living frugally with no where to go. I'm just a grunt making widgets.

Meet him at the next Daughters Of The Confederacy meeting in Vila Rica.

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Meet him at the next Daughters Of The Confederacy meeting in Vila Rica.

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Wassup puss?...

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Thanks for the reply Thrill, my advisor with Nationwide got with me Friday to assist me.

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Understood. If you ever need a second set of trained eyes to give it a look, I’ll be happy to help.