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Are you moving everything to bonds, if yes which bonds? I like all advice I can get please.
That we were going to have a V shaped recovery, and everything would be back to normal by summer or at least by Fall. As that fails to happen, markets will decline, slowly at first and then faster as the panic sets in. By September it will be in crash zone.
Don’t say I didn’t warn you
Don’t say I didn’t warn you.
Things opened up pretty much the last week or two. I've been to WI, IN, TN and KY since the major lock downs started. Most places aren't as bad as the deep blue states. Even IL now is kind of normal, just with stupid restrictions.
Also a massive chunk of the service jobs on UE are making more than they would working. I'm not saying you're wrong, but July will be interesting. People are going to have to get up off their ass and work. The problem is we won't know about it until September to see if people did because the data lags. Age matters obviously so I'm a bit more careless about stocks as I have plenty of time before retirement.
I'm personally sinking more money in with every check. It could drop 50% tomorrow and I'd be okay by the time I reach 50. Unless every dividend fund/stock dries up and I'm not getting income from the investments. I don't see that happening
The stock market bounced back based on ONE CALCULATION!
people may cash out of trannies that appreciated beyond their wildest dreams
Shaman saysThe stock market bounced back based on ONE CALCULATION!
Agreed. But how are you gonna get a return from bonds? Just asking.
It could drop 50% tomorrow and I'd be okay by the time I reach 50.
Red days are buying opportunities,
Just like I did last time (2009). Sell them and buy stocks on the upswing
have you considered cash instead?
I've been out of the market for five years. Everything is in CDs with my credit union. I am 67-years-old, retired, debt-free, and have a positive cash flow. Most of my estate is going to charity after I pass away.
So, there's never going to be any more crashes?
I've been out of the market for five years. Everything is in CDs with my credit union. I am 67-years-old, retired, debt-free, and have a positive cash flow. Most of my estate is going to charity after I pass away.
WookieMan saysIt could drop 50% tomorrow and I'd be okay by the time I reach 50.
There are people here under 50?
I read "One Up On Wall Street" by Peter Lynch when I started investing, and I always remembered Lynch saying "Options are a fast game played by some of the smartest people in the world."
That was enough to keep me out of options. I don't short stock either. Or buy mutual funds (except for Vanguard index funds). I just straight out own shares.
I gave you all plenty of warning.
Now, here comes the Depression.
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Those of you who know me a bit from my history know that I don’t pull this trigger lightly. I didn’t fall for all the bear schemes in the last five years. I’ve been a bullish investor for the past 10 years.
The last time I did this (everything to bonds) was in December of 2007.