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Joined: Mar 2010
Posts: 24,262 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,262 Likes: 10 |
Great. congrats
I started with 205 K end of March and just broke 290 K today on personal investment account. I said WTF and invested heavily. I take profits out weekly and put in savings. My work 401 k. I pulled out of market last December and reinvested beginning of April up almost 200 k in profits as of today . I'll pull out by end of this week and wait a bit again. Cant beat that. Been a long time market has been like this. Of course set up to pull out at day's notice. I like down days/bad news where you can find the bargains which happen almost weekly.
Excellent! so easy even a caveman can do it. The hardest part was to not panic and sell on down days ( did that more than once) and not be greedy and take profits when available. Embrace the bad days and bargain hunt and not pay attention to losses. Its still a daily casino full of risk. Dump most of your stock by mid morning Thursdays and maintain discipline .( learned that)
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Joined: Sep 2011
Posts: 2,655
Campfire Regular
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Campfire Regular
Joined: Sep 2011
Posts: 2,655 |
Up on everything this year finally, but up 53% last I looked on Shopify.
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Joined: Mar 2010
Posts: 24,262 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,262 Likes: 10 |
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Joined: Sep 2017
Posts: 2,795
Campfire Regular
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Campfire Regular
Joined: Sep 2017
Posts: 2,795 |
I don't know if I understand everything, but WOW. I'm almost fully recovered from the market dip. Riots are good for the market!
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Strange, ain’t it Boys ?
There’s got to be mega bucks coming in from overseas seeking perceived safety especially from Hong Kong, e.g. Jardine and Hutchinson-Wampoa saw this thing coming before Great Britain handed things back over to China and eased out.
Looking like the SEC will start delisting China stocks from our exchange markets. Waiting on Congress but seems to be moving in that direction and soon. Chairman Clayton was talking about this today.
I guess if China’s premier for life wants to play,,,,Trump will play.
Canada just snubbed Huwei. They’ll use other platforms from Europe and their own. Surprised me on that.
Interesting times.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
I don't know if I understand everything, but WOW. I'm almost fully recovered from the market dip. Riots are good for the market! Heh. Yeah. This, too, shall pass,,,,,,,eventually.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Jan 2001
Posts: 10,961
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2001
Posts: 10,961 |
As of yesterday, we were down less than 1% from our January high. Feeling pretty good about our balanced portfolio......which is in someone else’s hands! 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: Sep 2011
Posts: 2,655
Campfire Regular
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Campfire Regular
Joined: Sep 2011
Posts: 2,655 |
Spirit Airlines up 19% today
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Looking like a little breakout to the upside. Oil up and oil stocks up. Uptick volumes good.
All in all a very nice day for the market.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Oct 2017
Posts: 1,672
Campfire Regular
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Campfire Regular
Joined: Oct 2017
Posts: 1,672 |
The Market is looking good for the time being and this is quite a test for it.
We’ll see. Still scares the hell out of me. After watching oil go to a very negative value in a day's time. The big Covid spike coming from spring break and all the rioting will hit in about 3-4 weeks and slam the market and Americans' spirits, I fear. I'm 2/3 cash now and got back out at 25,100. I'll jump back in when it dips below 20,000 again and sit still for a while, as it fluctuates, then starts a reasonable rate of climb over 18 months. Or, I'll lose my ass.
TV has become nothing more than the Petri dish where this country grows its idiots.
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Joined: Mar 2010
Posts: 24,262 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,262 Likes: 10 |
I picked up a lot of airlines ( SAVE, DELTA, JETBLU, ALASKA ACDV) and mid cap oil when they were down a the last month. It was difficult as were way down on some days. kept dollar cost averaging adding on down days instead of panicking and selling.. Overall up over sixty per cent the last month and hope it keeps moving up .Its been a real money maker the past 2 months and loving it. All the negative news on the virus and the riots the past few months purposefully scared a good deal of Americans out of investing. What does that tell you? Always load up on stocks during panics cha Ching !!! Glad I did. Between my personal account swing trading and my work 401 k almost enough to cash build a new house the past few months. The Market is looking good for the time being and this is quite a test for it.
We’ll see. Still scares the hell out of me. After watching oil go to a very negative value in a day's time. The big Covid spike coming from spring break and all the rioting will hit in about 3-4 weeks and slam the market and Americans' spirits, I fear. I'm 2/3 cash now and got back out at 25,100. I'll jump back in when it dips below 20,000 again and sit still for a while, as it fluctuates, then starts a reasonable rate of climb over 18 months. Or, I'll lose my ass. Used to think that Looking like a little breakout to the upside. Oil up and oil stocks up. Uptick volumes good.
All in all a very nice day for the market.
Last edited by ribka; 06/03/20.
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Joined: Sep 2007
Posts: 16,708 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Sep 2007
Posts: 16,708 Likes: 3 |
The deer hunter does not notice the mountains
"I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve" - Isoroku Yamamoto
There sure are a lot of America haters that want to live here...
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Joined: Nov 2008
Posts: 16,610
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2008
Posts: 16,610 |
It's simple math for now. Lots of Fed money pulsing through the veins, chasing a finite number of stocks.
"Hey jackass, get your government off my freedom." MOLON LABE
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Joined: Mar 2010
Posts: 24,262 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,262 Likes: 10 |
A lot of free money out there now. Surpised more aren't taking advantage
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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 |
Free money? I'm lost on that one. For investors that aren't getting a paycheck, the "free money" doesn't make up for the loses. Those that are coming out ahead aren't investors. Am I missing an angle here?
"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: Mar 2010
Posts: 24,262 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,262 Likes: 10 |
Free money? I'm lost on that one. For investors that aren't getting a paycheck, the "free money" doesn't make up for the loses. Those that are coming out ahead aren't investors. Am I missing an angle here? If you set money aside from every paycheck and had a t least 6 months living expenses and paid off your debts the past 5 years in a booming economy instead of heading into this situation in heavy debt buying vehicles and vacations you can't afford instead of putting at least 10 per cent into retirement I can see your point. I know so many people living pay check to paycheck, debt making over a 100 k and very little money in their retirement, savings accounts and they aint youngsters. Always plan for the worst. Its been common knowledge that a major market correction was coming the past few years and a possible retracting in the economy. Just look at the millions of college grads very heavy in student debt with worthless degrees. And now they want everyone to bail them out. You can see these same students now burins down cities and blaming their poor life skills on white people who work and prepare for the future.
Last edited by ribka; 06/04/20.
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Joined: Sep 2011
Posts: 2,655
Campfire Regular
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Campfire Regular
Joined: Sep 2011
Posts: 2,655 |
Spirit Airlines up 19% today Up another 20% today
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Joined: Feb 2010
Posts: 3,842
Campfire Tracker
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Campfire Tracker
Joined: Feb 2010
Posts: 3,842 |
A lot of free money out there now. Surpised more aren't taking advantage The sad part is it's all coming from the Federal Reserve.
Quando omni flunkus moritati
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Joined: Mar 2010
Posts: 24,262 Likes: 10
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,262 Likes: 10 |
Spirit Airlines up 19% today Up another 20% today I picked a schit ton when it dropped below 9 a share
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
A lot of free money out there now. Surpised more aren't taking advantage The sad part is it's all coming from the Federal Reserve. International money seeking perceived safety. Dividends and upside potential outweighs low interest rates on fixed securities.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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