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02-27-2020, 01:21 PM | #3511 | |
In Search of a Life
Join Date: Aug 2005
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Quote:
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Posts: 43,200
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02-27-2020, 01:25 PM | #3512 |
Supporter
Join Date: Aug 2000
Location: Utopia
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I have to say, given that I've put money in 3 times since last thursday...this isn't super fun.
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Posts: 62,106
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02-27-2020, 01:27 PM | #3513 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Posts: 142,964
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02-27-2020, 01:40 PM | #3514 | |
Custom User Title
Join Date: Jan 2007
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Quote:
Sent from my Pixel 3 XL using Tapatalk |
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Posts: 39,636
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02-27-2020, 01:40 PM | #3515 |
Supporter
Join Date: Aug 2000
Location: Utopia
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I've proven that the best way to get the market to drop 1k points is for me to buy in. Next time I'll give you a heads up so you can short.
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Posts: 62,106
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02-27-2020, 02:48 PM | #3516 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
There was a period there if I sold a crop it would immediately rally. Mother****er, I hit the bottom line 4 or 5 in row. I told dad to wait 60 days and dump his....and then send me a commission. I’ve done better subsequently but my god I was bad there for awhile. |
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Posts: 57,836
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02-27-2020, 04:38 PM | #3517 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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I asked this before but I think I might take a bit of a risk here possibly. We have a very substantial chunk of change I have sitting in a 2% savings account that we got from selling our house and plan to use it for a down payment on our next house. I don't think we will be buying really soon here so I am really considering dropping it into stocks/index funds if the market drops much more and riding it out for a little while. It could bring in a chunk of money. Would you do it?
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Posts: 10,876
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02-27-2020, 04:43 PM | #3518 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quote:
I guess it's a matter of risk tolerance. We just lost 10 percent of our stock values in three days. What would you do if that happened while your money is in it? Would it be an annoyance or would it derail the home purchase? |
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Posts: 142,964
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02-27-2020, 04:53 PM | #3519 | |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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Quote:
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Posts: 10,876
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02-27-2020, 04:58 PM | #3520 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Posts: 8,670
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02-27-2020, 04:58 PM | #3521 | |
Cheat Death
Join Date: Nov 2007
Location: Land of Drincoln
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Posts: 35,359
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02-27-2020, 05:39 PM | #3522 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,113
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02-27-2020, 05:54 PM | #3523 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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02-27-2020, 05:58 PM | #3524 | |
Banned
Join Date: Jan 2013
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Quote:
Spoiler!
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Posts: 53,803
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02-27-2020, 06:02 PM | #3525 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
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Quote:
Risk tolerance matters too. For most people, if you have 100k you're saving as a down payment, a 10k loss is going to be far more difficult to stomach than the extent to which you're going to enjoy a 10k gain. But people are cut from different cloths. |
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Posts: 12,705
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