|
![]() |
#1711 | |
MVP
Join Date: Aug 2015
Location: North Missouri
|
Quote:
![]() These times are when I am glad I am 100% cash. I don't have the gambling mentality. If I even lost 5% in a short period of time, I would probably stroke out and die right there! Then, I would have no retirement. That's my way of looking at life ![]() |
|
Posts: 11,832
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1712 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
You realize if the market corrects 10-15% this week, people are still sitting with more money than they had a year ago? Factor in compounding interest over decades and it's very hard to lose money in the stock market with consistent investing across mutual funds, ETFs and indexes. Dabbling in individual stocks is a different story, however. |
|
Posts: 45,942
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1713 | |
Spooky Action
Join Date: Dec 2003
|
Quote:
|
|
Posts: 6,356
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1714 | |
Fish are scared of me
Join Date: Nov 2001
|
Quote:
|
|
Posts: 40,663
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1715 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
This is probably my favorite CP thread. People are cordial, offer advice and there’s very little bickering. |
|
Posts: 45,942
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() ![]() ![]() |
![]() |
#1716 | |
MVP
Join Date: Aug 2015
Location: North Missouri
|
Quote:
And for the record, the ![]() ![]() |
|
Posts: 11,832
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1717 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
|
The real bite the last couple of days was there was no where to run but cash. Usually you would see bonds or even gold catching a bid but everything has been on sale. Today you did see bond yields come in a bit and the 10 yr is already back to 2.68% in from 2.88% less than 48 hours ago. The markets are still selling off world wide as we speak. Japan is down over 5% and London futures are down over 6% while Dow and SP500 futures in overnight trading are off 2% give or take.
A week ago every was screaming that we needed a correction. Today people are screaming cause we are getting it. |
Posts: 129,070
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1718 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
|
Quote:
1/ My job is markets. I am literally glued to them 24hrs a day. I come to CP for the escape of hearing people heap scorn on Alex Smith. 2/ My expertise is global interest rates and my trading style lends itself to shorter-term (multi-day rather than multi-month) moves. My understanding was this thread was more geared toward discussing single name equity plays. I honestly feel I have no edge and nothing to add in that arena. All of the personal money I have invested (disclaimer: because of the nature of my job, I maintain a larger-than-normal cash allocation for mental health reasons) is passive. The sad reality is the bulk of professionals who are paid to pick stocks and spend every waking moment attempting to do so aren't very good at their jobs. Markets are really, really, REALLY hard. |
|
Posts: 12,534
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1719 |
Fish are scared of me
Join Date: Nov 2001
|
Boeing went from 360 to 321 this morning. If it gets to 300-305 it might be a good buy.
|
Posts: 40,663
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1720 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
|
2 weeks ago I went all cash. First time I've ever timed it right. Lucky I guess but I went with my gut.
|
Posts: 17,387
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1721 |
MVP
Join Date: Aug 2005
|
|
Posts: 14,574
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1722 |
Fish are scared of me
Join Date: Nov 2001
|
MahiMike > Warren Buffet
Buffet lost 5 BILLION on Monday Zuckerburg lost 3.2 BILLION |
Posts: 40,663
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() ![]() ![]() |
![]() |
#1723 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
|
|
Posts: 142,195
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1724 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
|
Quote:
That being said, the power of compounding interest is very real. People like to look at the highest value of their portfolio, and freak out when it loses money in a correction like this week. Truth be told, those with 25-30 year investment windows. who consistently contribute to retirement accounts, will come out vastly ahead of those who do not use such accounts, simply due to compounding interest of decades. I have a family member who started investing into a stock market retirement account in 1978. Fast forward to 2008 when the market crashed. At that time they had contributed a total of $150k throughout those 30 years into this account. Even at the absolute bottom of the market in 2008, it was still worth $400k. Sure it was scary and worrisome to see their retirement money get cut in half! But as they told me, they were still well ahead of where they'd be if they had simply placed that money into a savings account all those years. Fast forward another 10 years to 2018, and without adding another penny to this account in those 10 years, it's now worth close to $1M. That's the power of compounding interest at work. |
|
Posts: 45,942
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() |
#1725 |
Lord of the SB Rings
Join Date: Feb 2001
Location: Vancouver, B.C. Canada
|
Canada is in the midst of creating a legalized commodity marijuana market which is attracting big names like GW Pharmaceutical, Phillip Morris, etc...to get in the multi billion dollar action. A lot of weed companies have been created awaiting the legalization date and the strongest are Canopy, Aurora, The Hydropothecary Corporation, and Future Farm Technologies. The stocks fluctuate in price but are worth a 2-4 year window until the biggie corporations gobble up all the smaller companies.
|
Posts: 1,507
![]() |
![]() |
![]() ![]() |
|
|