Is resale inventory going down or just the site I look at most?

[atthebeachclub]

Is that where you get the bonus then cancel or stop using the card?

Yes

 

[CastAStone]

I’m not going to promote a particular asset manager, I just wanted to try and hold back the Vanguard propaganda machine. They made indexing popular and their founder should rightfully be in the investment hall of fame, but other asset managers now have lower expense ratios on their broad index funds.

I think @Chili327 method of a portfolio of no cost/low cost funds that are diversified according to an investors individual goal and risk profile and rebalanced periodically is a great solution for people who are in the 12% federal tax bracket and 0% long term capital gain bracket.

I would be wary of only owning funds that have ~40% of their holdings in the same 10 giant stocks and are trading at very historically high valuations.

Yeah I’ve started investing my 401K and IRAs into a split of S&P indexes and small cap indexes. Diversified diversification lol.

 

[HyperspaceMountainPilot]

Yeah I’ve started investing my 401K and IRAs into a split of S&P indexes and small cap indexes. Diversified diversification lol.

It is surprising how much of the same 5-10 stocks appear to be heavily weighted in so many of my “broad market ETFs” — I’ve been missing out on crazy returns by (responsibly) diversifying over the past decade…but I am willing to sacrifice some return to not to have 20-50% of my portfolio in a handful of tech cos at insane multiples. I am now trying to avoid the broader small cap indexes (looking at you Russell 2000) that don’t filter out unprofitable companies, I believe S&P 600 (small cap) index has a quality screen that eliminates some junk (and probably a few high performers too).

NOT FINANCIAL ADVICE, my conservative investment strategy lags both aggressively investing in tech and YOLOing into many crypto magic beans over the past decade, etc…

 

[Chili327]

I have that card. I got it as a replacement for the Citi Doublecash after dealing with atrocious Citi customer service (not that I can say Elan is better but I haven’t had any issues with them). It’s good for cash back, and it goes into an IRA! But I use travel rewards cards when the rewards are better (many locations) because they are better for many circumstances, especially for DVC families that need to fly to WDW.

Would I be able to have it go into my current Roth IRA? (Or maybe not a bad idea to have both)

My problem is that I have too many credit cards, so the rewards are too "diluted" to be worth much

Yep I have about 6 or so, but I only use 4 routinely. (2 for business and 2 for personal)

It is surprising how much of the same 5-10 stocks appear to be heavily weighted in so many of my “broad market ETFs” — I’ve been missing out on crazy returns by (responsibly) diversifying over the past decade…but I am willing to sacrifice some return to not to have 20-50% of my portfolio in a handful of tech cos at insane multiples. I am now trying to avoid the broader small cap indexes (looking at you Russell 2000) that don’t filter out unprofitable companies, I believe S&P 600 (small cap) index has a quality screen that eliminates some junk (and probably a few high performers too).

NOT FINANCIAL ADVICE, my conservative investment strategy lags both aggressively investing in tech and YOLOing into many crypto magic beans over the past decade, etc…

I deposit monthly/weekly into my Roth and also into both Bitcoin and Etherium. I’m sure it would be smarter and safer to put it all into my Roth, but I just can’t help it. lol

 

[juliebee]

Rounding back to the question on inventory, I was watching the newest YouTube podcast from My DVC Points: episode "grand floridian & 7 buy backs in June 2024". Chad and Dani from DVC Resale Market do discuss in this episode the recent inventory numbers and that with more buyers than sellers it might drive up the prices of what contracts there are. They also discussed the BLT, CC, and Aulani value right now. It's worth watching!

 

[HyperspaceMountainPilot]

Rounding back to the question on inventory, I was watching the newest YouTube podcast from My DVC Points: episode "grand floridian & 7 buy backs in June 2024". Chad and Dani from DVC Resale Market do discuss in this episode the recent inventory numbers and that with more buyers than sellers it might drive up the prices of what contracts there are. They also discussed the BLT, CC, and Aulani value right now. It's worth watching!

Did they make it as a blanket claim or for specific resorts? Did they offer any evidence of this hope (that they’ve been trying to promote for over a year)? It does seem like prices for many resorts have stopped dropping but I’m not sure I see any impetus for prices to rise and some are still sliding a bit.

 

[juliebee]

It seemed like a blanket statement about the decrease in available contracts. They also discussed that for each contract that is ROFRed, the buyer goes out and places another offer, which then takes two contracts off the market. I don't want to speak for them, but since I just watched it yesterday it seemed appropriate to mention their thoughts in this thread.

 

[Jimmy Geppetto]

Did they make it as a blanket claim or for specific resorts? Did they offer any evidence of this hope (that they’ve been trying to promote for over a year)? It does seem like prices for many resorts have stopped dropping but I’m not sure I see any impetus for prices to rise and some are still sliding a bit.

The best was the podcast where in the first 4 mins Dani says “now is a great time to sell if you’re thinking about selling” and then in the last 4 mins she says “now is a great time to buy if you’re looking to buy”.

I found it very informative, authentic and quite balanced.

 

[CastAStone]

The best was the podcast where in the first 4 mins Dani says “now is a great time to sell if you’re thinking about selling” and then in the last 4 mins she says “now is a great time to buy if you’re looking to buy”.

I found it very informative, authentic and quite balanced.

That’s absurd.

I do think “is it a good time to sell” is not a straightforward question. I think it varies by resort. For Vero and HHI I’d say yes. For the other 2042s I’d say maybe. For everything else I’d say if your time horizon is the next 6-12 months, it’s probably fine, but if it’s the next 2-3 years, I’d suggest waiting (and stripping out the points to rent in the mean time) may prove advantageous. No guarantees of course but it does feel more like we’re in a dip than a new normal.

But just a blanket “it’s a good time to sell” and “it’s a good time to buy” is unhelpful.

But it know their job isn’t to be helpful.

 

[lorimt]

Way off topic for this thread, but does anyone have thoughts on a Fidelity credit card that the rewards would go straight into my acct?

This has been our primary card for years and we like it a lot. They don’t do a lot of bonus offers like other cards but 2% cash back on everything is nice.

 

[intamin]

That’s absurd.

I do think “is it a good time to sell” is not a straightforward question. I think it varies by resort. For Vero and HHI I’d say yes. For the other 2042s I’d say maybe. For everything else I’d say if your time horizon is the next 6-12 months, it’s probably fine, but if it’s the next 2-3 years, I’d suggest waiting (and stripping out the points to rent in the mean time) may prove advantageous. No guarantees of course but it does feel more like we’re in a dip than a new normal.

But just a blanket “it’s a good time to sell” and “it’s a good time to buy” is unhelpful.

But it know their job isn’t to be helpful.

I have to skip over the episodes related to how the market is doing because it’s always now is the perfect time to buy/sell. It’s always ROFR woke up for a midnight snack but he’s still sleeping! Or ROFR is awake so buy before prices get even higher! It’s not even limited to DVC Fan because World of DVC sponsors so many different DVC shows. I used to like listening to these very early on but as I learned more and more about DVC, I need them less because I already know what the markets doing and I also don’t need them to tell me to buy/sell.

The episodes I actually do enjoy is hearing about people’s journey to DVC and their experience with it over the years and how things have changed for their family since owning it.

 

[Chili327]

The episodes I actually do enjoy is hearing about people’s journey to DVC and their experience with it over the years and how things have changed for their family since owning it.

Agreed, once you get a feel for the overall market the used car sales pitches are useless. Especially with so many more useful tools out there to gauge, but I guess we just have to take any of it with a grain of salt.

 

[CastAStone]

It’s not even limited to DVC Fan because World of DVC sponsors so many different DVC shows.

Yeah DVC Fan isn’t even the podcast being referenced here. I only ever listen to any of them anymore when something specific and interesting happens. The compare and contrast stuff to me is so individual dependent as to be actively unhelpful to generalize, and that’s what 95% of all of those podcasts are.

What’s the topic of this thread? I forgot.

 

[chazas]

I’m not going to promote a particular asset manager, I just wanted to try and hold back the Vanguard propaganda machine. They made indexing popular and their founder should rightfully be in the investment hall of fame, but other asset managers now have lower expense ratios on their broad index funds.

I think @Chili327 method of a portfolio of no cost/low cost funds that are diversified according to an investors individual goal and risk profile and rebalanced periodically is a great solution for people who are in the 12% federal tax bracket and 0% long term capital gain bracket.

I would be wary of only owning funds that have ~40% of their holdings in the same 10 giant stocks and are trading at very historically high valuations.

For the most part at the levels we’re talking about the differences between Vanguard and other expense ratios is so small as to be noise. My 401K choices are Vanguard. My personal accounts are a Fidelity - Fido funds in some accounts, various index ETFs in my brokerage. All roughly equivalent.

 

[stat]

For the most part at the levels we’re talking about the differences between Vanguard and other expense ratios is so small as to be noise. My 401K choices are Vanguard. My personal accounts are a Fidelity - Fido funds in some accounts, various index ETFs in my brokerage. All roughly equivalent.

Agreed, Vanguard changed the game and set the standard for low-cost index funds for decades. It's only recently that they've been eclipsed in terms of expense ratios. But when my expense ratio is sitting at 0.03% (for VTI) I'm really not tempted to sell that to chase 0.00%. We're talking $300 per year at most if you had $1M invested. And you have to consider tax efficiency- it's entirely possible someone can be worse off with a lower expense ratio if the fund is less tax efficient (you can incur higher taxes even when you don't sell due to investment churn / internal rebalancing, which some funds do better than others even if they're tracking the same index).