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Joined: Jul 2015
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Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2015
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Personally I don't understand why people start freaking out then the markets drop, If you needed that money you shouldn't have invested it. Invest what you can afford to tie up. If one does that they can ride out any and all market drops. History has proven that the markets always comeback. I see times like this as a time to invest more money, but again if you can afford to tie up that money.
After '29 it took 20 years to match the high. After 1965, it took 30 years to hit 7,880 again. After 1999 it took 14 years. People freak because they'd like to make up what they lost before they need it. How'd you like to have retired in January thinking you were doing good enough with a million or 2 only to wake up in March to see you've lost a third of that nest egg? And that even if you never spent another dime, it would take 20-30 years to get it back?
Politics is War by Other Means
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Joined: Jan 2006
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Campfire Tracker
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Campfire Tracker
Joined: Jan 2006
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Bloomberg financial reported today that during the last 7 trading days short sellers profited over $50 BILLION.
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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Joined: Feb 2007
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Campfire Ranger
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Campfire Ranger
Joined: Feb 2007
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Good stuff. Folks I appreciate Everyone’s opinion and input here. Interesting discussion and I view all to have merit and respect all who have replied. Appreciate all on the site to try keeping things civil and not attacking others. Sorry but I see no reason why peace cannot be had by all. I understand some are invested all in and stressed.
I firmly believe this virus will be dealt with and sooner than later. Hope I’m right. I may be wrong. I can see worst case that a scenario like Elk91 playing out. If the virus lingers and half our country shut down to control it, no doubt the downturn in our market and the economy will linger. That said currently people are talking right now that discussions may be underway to dial things back. Opening up some of the economy depending on specific locations infection numbers.
Time will tell. We all want a healthy strong economy and stock market. I’m confident time will sort this out. Perhaps much better and sooner than some historic times like the Great Depression. Emotions have understandably gone high but also may have overshot what the future will show how this plays out. Again may. Perhaps not. We will see. Thanks everyone for participating. Let’s all be nice to everyone. Thanks.
Last edited by 65BR; 03/23/20.
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Joined: Aug 2009
Posts: 20,824
Campfire Ranger
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Campfire Ranger
Joined: Aug 2009
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I like predictions... takes balls to make a predictions, I will predict DOW 8000 before it;s over Seems like a good prediction. Depending on how long this last of course. Personally I don't understand why people start freaking out then the markets drop, If you needed that money you shouldn't have invested it. Invest what you can afford to tie up. If one does that they can ride out any and all market drops. History has proven that the markets always comeback. I see times like this as a time to invest more money, but again if you can afford to tie up that money. I also recall someone on here telling me that rental properties aren't worth the hassles. Well My rents haven't gone down! The beauty of rentals is you can index rents to inflation. Also the old rules of supply and demand still apply. Wasn't long ago a poster was advocating mortgaging your home in order to have money for the market..... that advice didn't age well Oh and that same poster said the other day he was putting off buying a new car due to current events... hahahahaha
Originally Posted by Judman PS, if you think Trump is “good” you’re way stupider than I thought! Haha
Sorry, trump is a no tax payin pile of shiit.
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Joined: Dec 2002
Posts: 26,148 Likes: 22
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 26,148 Likes: 22 |
Personally I don't understand why people start freaking out then the markets drop, If you needed that money you shouldn't have invested it. Invest what you can afford to tie up. If one does that they can ride out any and all market drops. History has proven that the markets always comeback. I see times like this as a time to invest more money, but again if you can afford to tie up that money.
After '29 it took 20 years to match the high. After 1965, it took 30 years to hit 7,880 again. After 1999 it took 14 years. People freak because they'd like to make up what they lost before they need it. How'd you like to have retired in January thinking you were doing good enough with a million or 2 only to wake up in March to see you've lost a third of that nest egg? And that even if you never spent another dime, it would take 20-30 years to get it back? Then you were a fool to be invested in volatile stocks at retirement. And a bigger fool to not sell in Feb when the Chinese economy went in the toilet. Even a dumbass broke dick like me knows retirement is the time for low yield, safe investments. Volatile stocks and fast growth funds are for the young investor with lots of time to recover losses. And for the unabashedly greedy. Any student of history knows what goes up must come down.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Jul 2015
Posts: 14,806 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2015
Posts: 14,806 Likes: 5 |
Volatile stocks and fast growth funds are for the young investor with lots of time to recover losses. And for the unabashedly greedy. Young as in under 30? Really? LOL! What will you do when half your tenants get laid off?
Politics is War by Other Means
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Joined: Dec 2002
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
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Tenants? Under thirty?
WTF are you talking about?
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Sep 2003
Posts: 23,580 Likes: 23
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,580 Likes: 23 |
Elkslayer,
The federal government is sending a helicopter to your home to pick you up and take you directly to the White House so that you can advise the President on how to save the nation. They have heard of the vast knowledge that you have acquired as a c-level executive and are in awe of what you are posting on the internet.
Please dress in your best attire and be prepared to stay a few weeks. Your nation needs you............
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Joined: Jul 2015
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Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2015
Posts: 14,806 Likes: 5 |
Tenants? Under thirty?
WTF are you talking about? What you appear to be saying is that anyone over 30 is a fool to invest in stocks. Are you serious? Next paragraph (New paragraphs usually indicate the beginning of new trains of thought) - What are you going to do when your tenants default on their leases?
Politics is War by Other Means
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Joined: May 2011
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Campfire Regular
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Campfire Regular
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Got some AAPL at 220 today, sold most at 224
Cowardice is the greatest pandemic that has ever affected mankind.
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Joined: Jun 2006
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I'm almost to the point of starting to put my money back in. one more week...
“There are some who can live without wild things and some who cannot.” ALDO LEOPOLD
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Joined: Dec 2002
Posts: 26,148 Likes: 22
Campfire Ranger
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Campfire Ranger
Joined: Dec 2002
Posts: 26,148 Likes: 22 |
Tenants? Under thirty?
WTF are you talking about? What you appear to be saying is that anyone over 30 is a fool to invest in stocks. Are you serious? Next paragraph (New paragraphs usually indicate the beginning of new trains of thought) - What are you going to do when your tenants default on their leases? Couple that with "retirement is the time for low yield safe investments." If you want my definition of "lots of time to recover losses", that would be ten to fifteen years before retirement. Age 50 to 55. That is about typical recovery time for modern recessions. I was taught early: Gamble what you can afford to lose, because there is a good chance you will. And I still have no idea what you are talking about tenants. I sure as hell do not own any rental properties. I would guess that someone who does, then has disposable assets to get him through times of famine and pestilence. I think very few of the billionaires in the world got that way by holding onto stock in a plummeting market. They got that way by buying low and selling high.
People who choose to brew up their own storms bitch loudest about the rain.
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Joined: Feb 2007
Posts: 16,512
Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2007
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Joined: Aug 2005
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Campfire Tracker
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The only thing I remember from Finance 101--------"Cash is King"
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Joined: Jun 2008
Posts: 13,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,359 |
Tenants? Under thirty?
WTF are you talking about? What you appear to be saying is that anyone over 30 is a fool to invest in stocks. Are you serious? Next paragraph (New paragraphs usually indicate the beginning of new trains of thought) - What are you going to do when your tenants default on their leases? Couple that with "retirement is the time for low yield safe investments." If you want my definition of "lots of time to recover losses", that would be ten to fifteen years before retirement. Age 50 to 55. That is about typical recovery time for modern recessions. I was taught early: Gamble what you can afford to lose, because there is a good chance you will. And I still have no idea what you are talking about tenants. I sure as hell do not own any rental properties. I would guess that someone who does, then has disposable assets to get him through times of famine and pestilence. I think very few of the billionaires in the world got that way by holding onto stock in a plummeting market. They got that way by buying low and selling high. Idaho_Shooter got it right! He is talking about me. Yet I have been through the 2008 crash and well never lost a rent payment yet. If you screen your tenants you can figure out pretty easy who will and who won't pay. My first tenant showed up at my property in 2005 in a 1990-93? Honda Civic. He and his wife both had jobs at large established businesses. Ran a credit check on them both great credit. Paid for a background check on them. Clean there as well. Never a single problem. I did have one issue that I won't call a problem. I bought a house with an existing tenant in there. I carried out the remaining lease with her. She was late on two payments. She paid me the rent plus the late fee the first time. I told her I don't need the late fee, clearly she wasn't in a good place and me collecting the late fee isn't going to help her or me in the long run. She was late again one other time and I told her pay me as soon as you can. Shortly after I hired a Property management company as I was away they kicked her out after about 6 months for complaints by the neighbor. Other than that no problems and no drama. But I do my due diligence and I screen my tenants.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Nov 2004
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Joined: Nov 2004
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I bought almost $25,000 of Royal Dutch Shell b stock last Wednesday at $21.80 a share. I wanted to hold it like 15 years and reinvest the dividends. I was worried afterwards because it dropped to about $19.50 that same day. Today its $30.40 a share. Do I sell and make a quick $9,000 or stay with the plan?
I tried to buy Boeing that day at $89 too but my broker talked me out of it. Maybe it'll all hit new lows tomorrow. These wild swings tempt me to day trade a little.
Bb
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Joined: Feb 2007
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Campfire Ranger
Joined: Feb 2007
Posts: 16,512 |
MY Guess.........anything you buy here..........and hold, will be profits....in the not too distant future.........if it's a quality company / investment.
But, it May be a 'Sucker's Rally' and we may test new lows........this 'bear market' might last awhile you never know. The only real drivers, IMHO, is the Covid-19, and the fact that a bubble was blown into the stratosphere for 11 years.......almost unprecedented. Obama Financial Engineering, immediately followed by REAL Growth in GDP, Employment numbers, etc. under President Trump. This pandemic will end......what else happens or next is anyone's guess. That said, Warren Buffet said, don't bet against America.....and I have always said, Don't bet against Trump.
Given a 2nd term, America stands to do more winning, if I had to place my bet.
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,359 |
I bought almost $25,000 of Royal Dutch Shell b stock last Wednesday at $21.80 a share. I wanted to hold it like 15 years and reinvest the dividends. I was worried afterwards because it dropped to about $19.50 that same day. Today its $30.40 a share. Do I sell and make a quick $9,000 or stay with the plan?
I tried to buy Boeing that day at $89 too but my broker talked me out of it. Maybe it'll all hit new lows tomorrow. These wild swings tempt me to day trade a little.
Bb
I would bail out now. O&G is the worst place to be in the market now.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: May 2011
Posts: 7,515 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
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I bought almost $25,000 of Royal Dutch Shell b stock last Wednesday at $21.80 a share. I wanted to hold it like 15 years and reinvest the dividends. I was worried afterwards because it dropped to about $19.50 that same day. Today its $30.40 a share. Do I sell and make a quick $9,000 or stay with the plan?
I tried to buy Boeing that day at $89 too but my broker talked me out of it. Maybe it'll all hit new lows tomorrow. These wild swings tempt me to day trade a little.
Bb
I would bail out now. O&G is the worst place to be in the market now. Hang in there BB. And get a new Broker. That Boeing stock is worth almost twice that today! I wasn't trading the last few days, but If I'd have seen Boeing under $100, I would have bought. I have picked up some O&G on the drop (OXY, MRO, etc.) and will hold 'em. They'll pay off.
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Joined: Mar 2010
Posts: 24,425 Likes: 19
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,425 Likes: 19 |
I bought almost $25,000 of Royal Dutch Shell b stock last Wednesday at $21.80 a share. I wanted to hold it like 15 years and reinvest the dividends. I was worried afterwards because it dropped to about $19.50 that same day. Today its $30.40 a share. Do I sell and make a quick $9,000 or stay with the plan?
I tried to buy Boeing that day at $89 too but my broker talked me out of it. Maybe it'll all hit new lows tomorrow. These wild swings tempt me to day trade a little.
Bb
Drop your broker. Boeing at $89? Thats a no brainer.If a broker talked you out of Boeing at $89 schitcan him. Thats a fuggin crime!!! Ive only lost money with brokers. You're capable of doing it yourself. I picked up a 1000 shares of Boeing last week and and 2000 of Alaska, clr and Exxon. I cashed out today. I take my profits and sell and slowly invest in established dividend stocks, Id sell in a minute if up over 30 per cent in this market. Reassess market and once it drops re invest. Im in short term on energy related stocks in this economy. Once this economy is stabilized picking up some energy stock with dividend for the long term.I have picked up and have held Exxon, Alaskan air and Boeing for the long term. Hope to pick up more on big drops. BTW Im not an expert. That Boeing advice was really stupid IMO
Last edited by ribka; 03/25/20.
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