Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[Hog's Gone Fishin]

I put stop losses on my whole porfolio and half of them have hit.

[Rain Man]

Originally Posted by Hog's Gone Fishin

I put stop losses on my whole porfolio and half of them have hit.

I guess I'm kind of lucky because my cash position has been high (15+ percent cash), just because I wasn't finding stuff I wanted to buy. I've been buying a little each day, so hopefully it'll come back quickly.

[ChiliConCarnage]

I started typing a post that we'd given up almost the entire years gains. We were down to .40% YTD. Got distracted for 15 minutes or so and looked again and it's dropped off a ton more; were now - .38 for the year

edit: that was crazy. I wonder if some banks algo went haywire. At 3 PM EST the market fell off a cliff then corrected back just minutes later.

[Rain Man]

Quick question. If a person was to break open his fifth floor window and jump, would it kill him or just maim him?

[BroncoDork]

Originally Posted by Rain Man

It's weeks like this where I really wish I could time the market. I've had a lot of money evaporate over the past few days.

Maybe you'll get it right someday, best of luck. I'm only in mutual funds, American and Putnam, so if I want to move from aggressive equity funds to bond funds there is no fee. I was thinking there would be a correction, took five weeks into the year. There will be a rebound coming up, but I'm still expecting a bear or at least flat equity market through this year. Bond funds are yahhhhh.

[Iowanian]

Investing is a lot like driving in a demolition derby. You put in the work, earn extra money and spend it on something fun that could/should result in a return if you're skilled and have good luck.

Then you log into your accounts, hear the count down and back up and smash into something hard. you pull forward and back into a sorry dodge dart that is stuck on the rail, making some impact and a slight display for the crown for a while, feel a rush of adrenaline. You spin mud as you round the corner through the smoke of the wreckage of the cryptocurrency chevrolet that is smashed into the bitcoin buick...you put your foot down and spin mud as you blaze through the fog and smoke just in time to find yourself blindsided in the drivers door. Your seatbelt breaks and as your body catapults across the cab into the collision with the drivers door, you see the battery sparking.

Now, I'm trying to stay composed as Ricky "rainman" Bobby is running around on the track in his underwear screaming about being on fire, even though he's not....

Today, I'm sitting back up in the driver seat, I wiggled the positive cable on the battery cut into the seat, and even through the noise I can hear the starter turning and hoping the carb isn't flooding.

I'll try to tie the seatbelt together and if this fires back up, I've still got a strong motor and the radiator is in tact.


My biggest fight right now is the urge to put money in and buy into my same stocks at the discount rate.

[Hog's Gone Fishin]

Bought 8 shares Amazon 2 minutes before the close.

Edit : And lost $70 in the last 2 minutes .LOLOL ****!

[Rain Man]

I own Wells Fargo! I own Wells Fargo!

via GIPHY

[Abba-Dabba]

Originally Posted by Rain Man

I own Wells Fargo! I own Wells Fargo!

via GIPHY

Sup, said Janet

[Hog's Gone Fishin]

Started the day with a 12 stock portfolio . 8 stop losses triggered. Down to 4 stocks and then added AMZN so now 5.

The only stock that was green for me today was a friggin Marijuana stock ACBFF. Go figure.

[JohnnyHammersticks]

Watching people shit themselves over a 5% drop in a market that's up 25% in the last year provides a great window into why roughly 90% of day traders lose money.

[Hog's Gone Fishin]

Originally Posted by Iowanian

Investing is a lot like driving in a demolition derby. You put in the work, earn extra money and spend it on something fun that could/should result in a return if you're skilled and have good luck.

Then you log into your accounts, hear the count down and back up and smash into something hard. you pull forward and back into a sorry dodge dart that is stuck on the rail, making some impact and a slight display for the crown for a while, feel a rush of adrenaline. You spin mud as you round the corner through the smoke of the wreckage of the cryptocurrency chevrolet that is smashed into the bitcoin buick...you put your foot down and spin mud as you blaze through the fog and smoke just in time to find yourself blindsided in the drivers door. Your seatbelt breaks and as your body catapults across the cab into the collision with the drivers door, you see the battery sparking.

Now, I'm trying to stay composed as Ricky "rainman" Bobby is running around on the track in his underwear screaming about being on fire, even though he's not....

Today, I'm sitting back up in the driver seat, I wiggled the positive cable on the battery cut into the seat, and even through the noise I can hear the starter turning and hoping the carb isn't flooding.

I'll try to tie the seatbelt together and if this fires back up, I've still got a strong motor and the radiator is in tact.


My biggest fight right now is the urge to put money in and buy into my same stocks at the discount rate.

I wish I had one of your bee hives . I think I'd just go out there and bash it with a ball bat naked and then when they swarm me I'd douse myself with gasoline and light them up and call it a day.

I hate days like today.

[lewdog]

Originally Posted by JohnnyHammersticks

Watching people shit themselves over a 5% drop in a market that's up 25% in the last year provides a great window into why roughly 90% of day traders lose money.

Yup.

I’m not caring one bit about this. Won’t if it corrects 10% either. The past 2 years of gains were record pace. It wasn’t going to keep up.

[Iowanian]

Originally Posted by Hog's Gone Fishin

I wish I had one of your bee hives . I think I'd just go out there and bash it with a ball bat naked and then when they swarm me I'd douse myself with gasoline and light them up and call it a day.

I hate days like today.

Honey bees are just like investing....You get stung a lot and just when things are looking up, 70% of your bees die.

BUT...as long as I don't panic sell my equipment and stock, I can get some more bees and build these purple Baltic Avenue properties into Atlantic Avenue houses and leverage those into Pennsylvania avenue hotels.

Keep your eyes on the prize.

[TwistedChief]

Originally Posted by lewdog

Yup.

I’m not caring one bit about this. Won’t if it corrects 10% either. The past 2 years of gains were record pace. It wasn’t going to keep up.

I don't normally follow this thread but my profession is investing and this is 100% the right perspective. It doesn't mean you shouldn't worry about the move the last several days but you should also have the bigger picture in mind. We're basically back to early December levels.

There were any number of positioning metrics flashing 'euphoria' on a scale that we haven't seen post-crisis. Macro themes (long equities, long EM, short rates, short USD) have been dominating the trading environment and trending aggressively. All of these things rode the wave of sentiment up and now the same thing happens on the way down (you can blame a class of investors known as CTAs for amplifying these moves). This is how markets have operated forever.

Equities may still end up performing just fine over the next several months, but more likely than not the risk/reward (Sharpe in industry parlance) will just be poorer. So be prepared to feel less euphoric and more balanced. But this is what ultimately makes for a healthier market.

Said another way, the experience of investing in stocks is transitioning from feeling like being a fan of the Patriots to being a fan of the Chiefs.

Good luck, folks.