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Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
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Joined: Nov 2002
Posts: 33,716 Likes: 2
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,716 Likes: 2 |
Conduct is the best proof of character.
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Joined: Oct 2004
Posts: 23,369 Likes: 2
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 23,369 Likes: 2 |
This so-called "downturn" is Propaganda Corps driven. Not market-driven. Not true. Mattress City and Sears going under, among others i cant remember, Target and Wally World in a bind, major autos in a bind, Jag, the world changes and so do consumers. Sears made zillions in the 20th Century from catalog sales. That doesn't exist in the 21st. Now it's the internet. Sears and their cousins gave consumers many items under one roof. That niche is now owned by Amazon who also gives free/cheap delivery and no driving to the store. Do not mistake obsolete business practice with failing economy. Detroit has to build cars consumers want. Detroit owns the truck/off-road market. They had the SUV market until the Japs started building a better product. Simple competition. Wally World - has debt from massive expansion into every corner of the country. They now have a big % of stores in areas they did not see as fits for their business model 15 years ago, and are remembering why they avoided them. Also hurt by internet sales. Losing to better competition. Don't tell me the economy sux because buggy whip and saddle sales are off 91% since 1920. Obsolescence.
"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017
"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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Joined: Jun 2008
Posts: 13,354
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,354 |
CD ladders? What a joke. I can collect cans and make more money faster.
When the market tanks you are supposed to buy. All the dooms dayers crack me up. The market has never not corrected.
Good god you think that Sears and Mattress city have any major bearing on the Market? Really? Sears has been dead for years. Mattress city really? Not even worth typing about.
I'll lead you all to water. You can thank me later. Do a little research and see. IDXX
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Dec 2013
Posts: 44,356 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,356 Likes: 7 |
Slaves get what they need. Free men get what they want. Rehabilitation is way overrated. Orwell wasn't wrong. GOA member disappointed NRA member 24HCF SEARCH
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Joined: Mar 2013
Posts: 27,091
Campfire Ranger
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Campfire Ranger
Joined: Mar 2013
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When I think there a high I sell all. then wait for the next low. I am only about 50% right so far. Kind of day trading on a longer term.
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Joined: May 2010
Posts: 7,359
Campfire Tracker
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Campfire Tracker
Joined: May 2010
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Just heard that the S&P 500 had its best quarter in the last decade.
Good time to be invested in stocks.
"When the going gets weird, the weird turn pro."
Hunter S. Thompson
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Joined: Apr 2017
Posts: 19,651 Likes: 12
Campfire Ranger
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Campfire Ranger
Joined: Apr 2017
Posts: 19,651 Likes: 12 |
Its always a good time to be invested, its not always a good time to be an investor.
"Maybe we're all happy."
"Go to the sporting goods store. From the files, obtain form 4473. These will contain descriptions of weapons and lists of private ownership."
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Joined: Feb 2001
Posts: 7,965
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2001
Posts: 7,965 |
4 years into retirement , bought Vanguard index funds through 457 & 401 , got used to living on less, so retirement income is the same, not drawing any money yet , 70% index 30% bonds, letting it ride. Bought and held from when I was a 25 YO, till now and the future see no reason to change now.
kk alaska
Alaska 7 months of winter then 5 months of tourists
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Joined: Feb 2010
Posts: 16,076
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
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This so-called "downturn" is Propaganda Corps driven. Not market-driven. Not true. Mattress City and Sears going under, among others i cant remember, Target and Wally World in a bind, major autos in a bind, Jag, the world changes and so do consumers. Sears made zillions in the 20th Century from catalog sales. That doesn't exist in the 21st. Now it's the internet. Sears and their cousins gave consumers many items under one roof. That niche is now owned by Amazon who also gives free/cheap delivery and no driving to the store. Do not mistake obsolete business practice with failing economy. Detroit has to build cars consumers want. Detroit owns the truck/off-road market. They had the SUV market until the Japs started building a better product. Simple competition. Wally World - has debt from massive expansion into every corner of the country. They now have a big % of stores in areas they did not see as fits for their business model 15 years ago, and are remembering why they avoided them. Also hurt by internet sales. Losing to better competition. Don't tell me the economy sux because buggy whip and saddle sales are off 91% since 1920. Obsolescence. Spot on!
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
When the DOW hit 25K for the first time, I moved all my money to a safe fund. So the Dow is 26,192.47 midday and approaching an all time high this quarter. You put up your money and take your chances.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: Jan 2009
Posts: 11,528 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2009
Posts: 11,528 Likes: 2 |
First off, be nice to the OP of this thread.... He's one cool dude and and a good friend of mine,
I kid you not.
Dow hits 26,258......Nice, Partying like a Kennedy......
And the next question, Now what?
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Joined: Jan 2009
Posts: 11,528 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2009
Posts: 11,528 Likes: 2 |
Present and accounted for, We're cool, my therapist talked me off that ledge. Sleeping better now, 'preciate your concern.
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Joined: Jan 2009
Posts: 11,528 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2009
Posts: 11,528 Likes: 2 |
Just heard that the S&P 500 had its best quarter in the last decade.
Good time to be invested in stocks.
A 10 year Bull run, The DOW closed today within Dollars of the record high of just a little over a year ago,, Now what? And when?
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Joined: Jan 2009
Posts: 11,528 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2009
Posts: 11,528 Likes: 2 |
Hows the portfolios doing? I'am within 4% of my peak. Haven't done the actual math, but has of today it's less than 2% for me.
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Joined: Jan 2009
Posts: 11,528 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2009
Posts: 11,528 Likes: 2 |
Its always a good time to be invested, its not always a good time to be an investor. Chinese proverb like, Fortune cookie?
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Joined: Feb 2007
Posts: 11,774
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,774 |
Buy and hold.
Adjust or re balance occaisonally
Be diversified, individual stocks, mutual funds, bonds and cash.
I’m sure glad to have been fully invested the past couple years.
Will there be a correction in the future, absolutely.
Maybe next week, maybe three years from now.
None of us are smart enough to predict that.
And I’ve been using a investment firm for 25 years, without a doubt they have helped my financial situation, a lot.
Last edited by dale06; 04/01/19.
NRA Patron
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Joined: Jan 2009
Posts: 11,528 Likes: 2
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Jan 2009
Posts: 11,528 Likes: 2 |
4 years into retirement , bought Vanguard index funds through 457 & 401 , got used to living on less, so retirement income is the same, not drawing any money yet , 70% index 30% bonds, letting it ride. Bought and held from when I was a 25 YO, till now and the future see no reason to change now.
Aggressive approach, At 70/30 most traditional thinking says your ratios should be inverted for your age, Damn the torpedoes, full speed ahead. We think alike, but that strategy raises questions at times, like last December.
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Joined: Jan 2006
Posts: 5,625 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Jan 2006
Posts: 5,625 Likes: 1 |
Been trying to get to 65% bonds/cash and 35% stocks for a while now ("own your age in bonds").
It's really tough to leave those stock gains on the table, but after December (and 2008) it became a lot easier.
Sold some aggressive stock funds today, and moving to conservative (majority bond) funds.
Shooting for 65/35 right now.
FÜCK Jeff_O!
MAGA
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
I feel for the guys who got scared and went to cash . . . with all that kicking themselves now.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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