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Joined: Sep 2011
Posts: 60,663
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 60,663 |
Seen the Dow today? The flames grow higher.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: May 2003
Posts: 31,220
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,220 |
Our "investment guy" called us yesterday and asked if we were comfortable or wanted to bail. We told him to "let it ride" and do his usual best judgment on what to trade. His judgment has been exemplary so far, no reason that will change.
Cleverly disguised as a responsible adult.
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Joined: Sep 2011
Posts: 60,663
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 60,663 |
I think they call it, "The Wealth effect"? When people's investments are doing well, the spend more. That keeps the economy running nicely.
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Nov 2002
Posts: 33,666
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,666 |
Our "investment guy" called us yesterday and asked if we were comfortable or wanted to bail. We told him to "let it ride" and do his usual best judgment on what to trade. His judgment has been exemplary so far, no reason that will change. Mine didn't even have to call.
Conduct is the best proof of character.
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Joined: Feb 2007
Posts: 11,751
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,751 |
Our "investment guy" called us yesterday and asked if we were comfortable or wanted to bail. We told him to "let it ride" and do his usual best judgment on what to trade. His judgment has been exemplary so far, no reason that will change. Mine didn't even have to call. Ditto, we are “holding” instead of locking in big losses.
NRA Patron
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Joined: Aug 2004
Posts: 69,572
Campfire Kahuna
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Campfire Kahuna
Joined: Aug 2004
Posts: 69,572 |
A friend of my brother called him yesterday, and they were discussing the stock drops.
Friend told my brother he'd lost over $7M as of yesterday morning...
Molɔ̀ːn Labé Skýla!
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Joined: Nov 2007
Posts: 8,448
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2007
Posts: 8,448 |
It is too late to bail, time to ride it out. IMHO. It is bad to buy high and sell low, but it is worse to buy high, panic-sell low, and have to re-buy high again.
Anyone who thinks there's two sides to everything hasn't met a M�bius strip.
Here be dragons ...
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Joined: May 2003
Posts: 31,220
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,220 |
Technically and legally, an investment agent is required to get your permission before every trade. Now, almost none of them ever do that, relying on a "blanket" consent. Because if they make several trades every day, it would drive you nuts to get a call each time. Our guy offered to do that in this period of unrest. We declined the offer and extended our blanket consent. (If I were smart enough to confirm or decline every trade I wouldn't need him!)
Cleverly disguised as a responsible adult.
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Joined: Jan 2007
Posts: 1,292
Campfire Regular
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Campfire Regular
Joined: Jan 2007
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[quote=RockyRaab]Our "investment guy" called us yesterday and asked if we were comfortable or wanted to bail. We told him to "let it ride" and do his usual best judgment on what to trade. His judgment has been exemplary so far, no reason that will change. Mine didn't even have to call. Ditto, we are “holding” instead of locking in big losses. I have stayed the course, but have some cash in my IRA’s. Might be time to put that to work!
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Joined: Jan 2001
Posts: 10,901
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 10,901 |
My only cause for concern......I don’t have any available cash to put into the market!  memtb
You should not use a rifle that will kill an animal when everything goes right; you should use one that will do the job when everything goes wrong." -Bob Hagel
“I’d like to be a good rifleman…..but, I prefer to be a good hunter”! memtb 2024
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Joined: May 2003
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Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,220 |
Me neither - just paid taxes on last year's gains!
Cleverly disguised as a responsible adult.
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Joined: Jan 2002
Posts: 12,192
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,192 |
Nobody has lost anything until they sell.
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Joined: Sep 2004
Posts: 4,710
Campfire Tracker
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Campfire Tracker
Joined: Sep 2004
Posts: 4,710 |
It is not the virus. It is the world economy off shore manufacturing we are supposed to worship that is failing. Our machinery is all sold or scrapped. The strategic reserve old time shops had sitting there are all gone. I used to be jealous of some machine shops. Now there ain't anyone to run them anyway
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Joined: Mar 2006
Posts: 6,311
Campfire Tracker
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Campfire Tracker
Joined: Mar 2006
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I met with mine yesterday and figured out what to buy. And I did.
MOLON LABE
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Joined: Feb 2018
Posts: 10,093
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2018
Posts: 10,093 |
This will end one day and things will soar.
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Joined: Mar 2006
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Campfire Tracker
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Campfire Tracker
Joined: Mar 2006
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I was in business for myself. My income is my investments. Keep some fixed income for living off of in times like this and also the buying opportunities.
MOLON LABE
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Joined: Jan 2012
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 66,765 |
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Joined: Jan 2012
Posts: 66,765
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2012
Posts: 66,765 |
Section 8 realty is the only sure bet.
👍
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Joined: Dec 2008
Posts: 8,292
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,292 |
I think it's time to start making a shopping list you have some dry powder.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Dec 2013
Posts: 44,049
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2013
Posts: 44,049 |
And rents keep going up..
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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