patrick.net

What the heck happened this afternoon that caused the stocks to plummet?

Maybe Fed comments implying they will not be able to cut rates any further because of inflation.

Patrick says

Maybe Fed comments implying they will not be able to cut rates any further because of inflation.

I thought I scored well two days ago when I bought Ford on a quick dip to $9.95 and it settled back up to about $10.07. Now the gods laugh and Ford plummets this afternoon to around $9.70. The rest of my portfolio fell over $50k in just 1 hour or so after 3PM. These market reactions usually reverse themselves so hopefully it will recover of the next few days.

This country has been running on fumes ever since 2008. Take the red pill and enjoy the decline. Oh, and learn 18th Century skills - you'll need them.

Wow, stocks continuing to fall. Maybe a buying opportunity?

They didn't fall today.
It's always a good time to buy stocks unless you've only got a few years left to live.

clambo says

It's always a good time to buy stocks unless you've only got a few years left to live.

I bought the Ford because at below $10 price, the dividends are 6% and I can only get about 4% now in new MM or CDs.

With just a few exceptions, I have bought mutual funds and not individual stocks.
I don't focus much about dividends, although mutual funds pay them too.

clambo says

With just a few exceptions, I have bought mutual funds and not individual stocks.
I don't focus much about dividends, although mutual funds pay them too.

High dividends would scare me unless scaled in a fund as you say. The price is generally going down if the dividends are going up. You can reinvest dividends and get more on the back end, but if price drops 5-10% was it worth it?

REIT's are your best bet for low risk, long term investment. I don't play the short term gambles. If you're 60 I'd stay away. 40-50 you should be able to recover from any market correction by retirement. Apartments need to be built. Better than a CD for sure unless you pick a shitty fund. But it's safe money.

HeadSet says

I bought the Ford because at below $10 price, the dividends are 6% and I can only get about 4% now in new MM or CDs.

Enjoy the divvies unit it comes back?

The CEO of Ford drives a Chinese EV. Specifically the Xiaomi SU7 electric sedan.

WookieMan says

High dividends would scare me unless scaled in a fund as you say. The price is generally going down if the dividends are going up.

Yes, and there's another risk I ran into myself.

One of the iShares funds paid out a whopping dividend shortly after I bought it. I think it was something like 15%. The share price itself fell the identical amount on the day of the dividend, which is normal when big dividends are paid out. Almost like a physical law, "conservation of money".

But then I owed income tax on that dividend, which was really just my own money given right back to me. And I think the tax was at the highest marginal rate. So I lost by getting a dividend.