|
|
Joined: Jun 2006
Posts: 1,098
Campfire Regular
|
Campfire Regular
Joined: Jun 2006
Posts: 1,098 |
The Chinese situation is a bit more serious than most realize. PRC has shut down. Nobody going to work. Nothing going in and nothing definitely coming out business wise. It will certainly affect the world economy for the next quarter or 2. PRC is the #2 economy in the world. It may to prove to be a great buying opportunity, choose wisely. People are going back to work. Even more next week. Containers are shipping. Slow, yes. Shut down, no. They will not tank their economy even further unless people start dropping like flies. 1500 people of 1.5 Billion is a concern for the central government but I believe that they will keep moving.
|
|
|
|
|
Joined: Apr 2011
Posts: 151,096
Campfire Savant
|
Campfire Savant
Joined: Apr 2011
Posts: 151,096 |
I will be fine, plenty of chinamen over there!
What happens if it gets to Africa or South America??
|
|
|
|
|
Joined: Feb 2001
Posts: 1,916
Campfire Regular
|
|
Campfire Regular
Joined: Feb 2001
Posts: 1,916 |
You may see some momentary dips because of this. We already have. But they will be short and will bounce back.
3825 24336
|
|
|
|
|
Joined: Feb 2010
Posts: 16,076
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2010
Posts: 16,076 |
You’ll see some volatility from it in the short term, but I don’t think it will be an event that will “tank the market”.
Since I am unable to see into the future, I take advantage of dollar cost averaging. That is to purchase a certain amount of index funds monthly regardless of price, and avoid trying to time the market altogether. This strategy has served me well for decades.
Your mileage may vary.
Last edited by gregintenn; 02/14/20.
|
|
|
|
|
Joined: Aug 2009
Posts: 1,989
Campfire Regular
|
|
Campfire Regular
Joined: Aug 2009
Posts: 1,989 |
You may see some momentary dips because of this. We already have. But they will be short and will bounce back. I agree, just bumps in the road. I'll ride it out, just like I have since 1980. I've weathered some tough ones!
lightman
|
|
|
|
|
Joined: Dec 2006
Posts: 28,172
Campfire Ranger
|
|
OP
Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
How are your stocks doing today?
Mine took a hit.
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
|
|
|
|
|
Joined: Aug 2005
Posts: 10,716
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Aug 2005
Posts: 10,716 |
Until Dow 17,000 (where it was when Trump took over) I'm just riding it out. If it continues to dip I may buy some mutual funds (non IRA).
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
|
|
|
|
|
Joined: Dec 2006
Posts: 28,172
Campfire Ranger
|
|
OP
Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
I'm clobbered already. I should have listened to my gut.
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
|
|
|
|
|
Joined: Nov 2003
Posts: 28,411
Campfire Ranger
|
|
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
I'm clobbered already. I should have listened to my gut. For every sale someone is buying as we speak. So many sell at the bottom.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
|
|
|
|
|
Joined: Jul 2009
Posts: 14,076
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2009
Posts: 14,076 |
I pulled out in Tuesday after the bump and before it retreated. There will be some buyers in the morning I think but this is not over. They can’t stop the virus from spreading and that will impact global economy. You already have major companies revising their revenue forecasts this isn’t a short term thing this could last until they find a treatment of a vaccine.
|
|
|
|
|
Joined: Dec 2006
Posts: 28,172
Campfire Ranger
|
|
OP
Campfire Ranger
Joined: Dec 2006
Posts: 28,172 |
I'm clobbered already. I should have listened to my gut. For every sale someone is buying as we speak. So many sell at the bottom. This is hardly the bottom. I'm taking my hit and going to cash. If I have anything left when this turns around I'll put some back into the market. I do MUCH better in real estate than I ever did in the market.
Hunt with Class and Classics
Religion: A founder of The Church of Spray and Pray
Acquit v. t. To render a judgment in a murder case in San Francisco... EQUAL, adj. As bad as something else. Ambrose Bierce “The Devil's Dictionary”
|
|
|
|
|
Joined: Feb 2003
Posts: 10,361
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2003
Posts: 10,361 |
I’m staying invested. I never was smart enough to time the market. ^^^^^^^
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
|
|
|
|
|
Joined: Jun 2001
Posts: 32,070
Campfire 'Bwana
|
|
Campfire 'Bwana
Joined: Jun 2001
Posts: 32,070 |
We pulled $40K out of stocks several days ago when it started to slide, and left the rest for long term. Taking a.bit of a hit on taxes, maybe. We'll try to time the low (if not the bottom) to re-invest.
But what do we know? - it's all a gamble.
Last edited by las; 02/27/20.
The only true cost of having a dog is its death.
|
|
|
|
|
Joined: Jul 2005
Posts: 23,499
Campfire Ranger
|
|
Campfire Ranger
Joined: Jul 2005
Posts: 23,499 |
I have TSP and I’m going to let it ride.. like I did in 2008.. I just see the dems purposely trying to crash the market. I think it’s another ploy that’s going to back fire on them. What reading I done it’s just a correction, to the market.. but what do I know..
Then STFU. The rest of your statement is superflous bullshit with no real bearing on this discussion other than to massage your own ego. Suckin' on my titties like you wanted me.
|
|
|
|
|
Joined: Sep 2004
Posts: 29,383
Campfire Ranger
|
|
Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
I have TSP and I’m going to let it ride.. like I did in 2008.. I just see the dems purposely trying to crash the market. I think it’s another ploy that’s going to back fire on them. What reading I done it’s just a correction, to the market.. but what do I know.. They used Coronavirus as an excuse for a correction because no one knows exactly how much or little this will affect the supply chains in China or worldwide for that matter. I hope that in November people remember what Pelosi and Shumer did yesterday.
|
|
|
|
|
Joined: Mar 2013
Posts: 27,091
Campfire Ranger
|
|
Campfire Ranger
Joined: Mar 2013
Posts: 27,091 |
No only dumb people with money can tank the market. Like soros is trying to do with china and the democrats.
Last edited by mtnsnake; 02/27/20.
|
|
|
|
|
Joined: Feb 2011
Posts: 5,856
Campfire Tracker
|
|
Campfire Tracker
Joined: Feb 2011
Posts: 5,856 |
I'm clobbered already. I should have listened to my gut. It's only a loss if you cash out. I don't see Warren Buffett selling...
|
|
|
|
|
Joined: Jan 2016
Posts: 95,648
Campfire Oracle
|
|
Campfire Oracle
Joined: Jan 2016
Posts: 95,648 |
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
|
|
|
|
|
Joined: Jan 2016
Posts: 95,648
Campfire Oracle
|
|
Campfire Oracle
Joined: Jan 2016
Posts: 95,648 |
I will be fine, plenty of chinamen over there!
What happens if it gets to Africa or South America?? It's there. .
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
|
|
|
|
|
Joined: Jan 2016
Posts: 95,648
Campfire Oracle
|
|
Campfire Oracle
Joined: Jan 2016
Posts: 95,648 |
I'm clobbered already. I should have listened to my gut. For every sale someone is buying as we speak. So many sell at the bottom. Ok. Tell us when it's at the bottom.
Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.
A Nation which leaves God behind is soon left behind.
"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".
I Dindo Nuffin
|
|
|
|
|
101 members (7887mm08, 10Glocks, 808outdoors, Akhutr, 21, 1973cb450, 10 invisible),
1,521
guests, and
684
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,191,280
Posts18,467,679
Members73,928
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
