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Joined: Mar 2010
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Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,135 |
It’s been going the right direction for the last week or so.
Timing the market is a fool’s errand. Pick your poison and buy a set amount monthly. I have a conservative friend with a day trading licence that made $2M in oil futures in 2008 and then lost $1M in 2009. Per my investment system and personal disposition, that is insanity. I stayed fully invested through the 1987 stock crash.. and a year later it was like it never happened. I’ve been plowing money into a NASDAQ index fund through this whole fiasco. I’ll continue to do so for the foreseeable future. Good sign tech companies are trimming all of the bloated extra employees and services
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Joined: Feb 2003
Posts: 10,361
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,361 |
I’ve been plowing money into a NASDAQ index fund through this whole fiasco. I’ll continue to do so for the foreseeable future. We had cell phones in 1980 [my wife worked on a cell synthesizer then], personal computers in 1977 [my boss bought one from Radio Shack then], and world wide web in 1994 [I was working on an ultrasound cart design with a website inside then]. But when they became popular ~~2000 is when the NASDAQ exploded and crashed. [I was on a plane load of unemployed engineers leaving seattle for silicon valley whee I was to design cell towers for China then.]
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
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Joined: May 2010
Posts: 7,346
Campfire Tracker
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OP
Campfire Tracker
Joined: May 2010
Posts: 7,346 |
Six months down the road and still riding it out. Everyone else?
"When the going gets weird, the weird turn pro."
Hunter S. Thompson
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
Six months down the road and still riding it out. Everyone else? Yep.
Conduct is the best proof of character.
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Joined: May 2011
Posts: 2,189
Campfire Regular
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Campfire Regular
Joined: May 2011
Posts: 2,189 |
Yep Ditto. Still not quite back to my high of two years ago, but recovering quickly.
Laws aren't preventative measures. In other words, more laws won't prevent gun crime from happening.
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
This thread is fun to reread.
Conduct is the best proof of character.
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
The FED’s Powell said today that he’s encouraged by what he is seeing with inflation at this point in time but he does not presently see the possibility of rate cuts in 2023. Didn't he just bump the rate up?
Conduct is the best proof of character.
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Joined: Jan 2002
Posts: 12,834
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,834 |
This thread is fun to reread. You made me do it, quite a few predictions of doom that missed the mark. Completely. Still rocking on, here. Been a good little spurt. There'll be pullbacks, and runups, and the doomsday prophets will never cease....
Sic Semper Tyrannis
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
This thread is fun to reread. You made me do it, quite a few predictions of doom that missed the mark. Completely. Still rocking on, here. Been a good little spurt. There'll be pullbacks, and runups, and the doomsday prophets will never cease.... Yep. Been reading the doom here for 20 years here. Maybe some will come back and comment on this thread?
Conduct is the best proof of character.
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Joined: May 2010
Posts: 7,346
Campfire Tracker
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OP
Campfire Tracker
Joined: May 2010
Posts: 7,346 |
Still a long way to go, but very happy I didn’t capitulate. You wont be happy long. Still very happy I didn’t capitulate, it’s hard to argue against the current rally
"When the going gets weird, the weird turn pro."
Hunter S. Thompson
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Joined: Oct 2002
Posts: 9,996
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2002
Posts: 9,996 |
This thread is fun to reread. You made me do it, quite a few predictions of doom that missed the mark. Completely. Still rocking on, here. Been a good little spurt. There'll be pullbacks, and runups, and the doomsday prophets will never cease.... Yes, there were some saying Dow 12,000 was the buy in point when it was 28,000 recently.
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
This thread is fun to reread. You made me do it, quite a few predictions of doom that missed the mark. Completely. Still rocking on, here. Been a good little spurt. There'll be pullbacks, and runups, and the doomsday prophets will never cease.... Yes, there were some saying Dow 12,000 was the buy in point when it was 28,000 recently. Crickets...
Conduct is the best proof of character.
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
What's the latest forecast kind folks?
Conduct is the best proof of character.
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Joined: Nov 2007
Posts: 1,015
Campfire Regular
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Campfire Regular
Joined: Nov 2007
Posts: 1,015 |
What's the latest forecast kind folks? The market will move up and down in unpredictable ways but the long term trend is up. How's that?
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Joined: Jan 2002
Posts: 12,834
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,834 |
What's the latest forecast kind folks? The market will move up and down in unpredictable ways but the long term trend is up. How's that? Best first six months the market has had since '97. Time to get in! ;-)
Sic Semper Tyrannis
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Joined: Nov 2002
Posts: 33,687
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,687 |
What's the latest forecast kind folks? The market will move up and down in unpredictable ways but the long term trend is up. How's that? Best first six months the market has had since '97. Time to get in! ;-) 
Conduct is the best proof of character.
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Joined: Feb 2006
Posts: 2,521
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,521 |
It will do what it will do. The glass cleaner I use on my crystal ball is no better than what any one else has.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
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Joined: Aug 2017
Posts: 9,055
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2017
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Joined: May 2004
Posts: 5,194
Campfire Tracker
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Campfire Tracker
Joined: May 2004
Posts: 5,194 |
I think so too. I m taking some money out of my S&P 500 and put it in more conservative funds lit REITS , SPYD and SCHD.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
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Joined: Feb 2007
Posts: 11,756
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,756 |
What's the latest forecast kind folks? The market will move up and down in unpredictable ways but the long term trend is up. How's that? You made a very accurate prediction.
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