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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Old 02-06-2018, 10:23 AM   #1696
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Originally Posted by MahiMike View Post
2 weeks ago I went all cash. First time I've ever timed it right. Lucky I guess but I went with my gut.
Nice. I was talking about it last week, but didn't do anything. Oh well, I'm in it for the long haul and have time to watch it bounce back.
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kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.
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Old 02-06-2018, 11:01 AM   #1697
Hog's Gone Fishin Hog's Gone Fishin is offline
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Buffet lost 5 BILLION on Monday

Zuckerburg lost 3.2 BILLION
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Old 02-06-2018, 11:14 AM   #1698
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2 weeks ago I went all cash. First time I've ever timed it right. Lucky I guess but I went with my gut.
I keep thinking about pulling some out to diversify. I probably should've done that last week. Oh, well. Head down, teeth gritted, I'm buying into the wind.
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Old 02-06-2018, 12:08 PM   #1699
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Yea, I know you are correct. You may not remember, but me and you had a brief discussion about this over on the DC side a while back. I'm that type of guy that looks at investing like this. If I keep all my money and my employers match plus the little dab of interest/dividend it accumulates, I am satisfied. Like I said, I'm not a gambler.

And for the record, the in my reply was to his joke, not anything else. Definitely not trying to be rude or anything. I have a very meager traditional IRA and the 401k down at work. Love reading this thread and seeing how those of you who are brave are winning the game. Sometimes I wish my brain wasn't wired the way it is, I could possibly be making coin too
Oh I do remember now! I do appreciate you being honest. We all have different pucker factors. I am in no way trying to change what you do.

That being said, the power of compounding interest is very real. People like to look at the highest value of their portfolio, and freak out when it loses money in a correction like this week. Truth be told, those with 25-30 year investment windows. who consistently contribute to retirement accounts, will come out vastly ahead of those who do not use such accounts, simply due to compounding interest of decades.

I have a family member who started investing into a stock market retirement account in 1978. Fast forward to 2008 when the market crashed. At that time they had contributed a total of $150k throughout those 30 years into this account. Even at the absolute bottom of the market in 2008, it was still worth $400k. Sure it was scary and worrisome to see their retirement money get cut in half! But as they told me, they were still well ahead of where they'd be if they had simply placed that money into a savings account all those years. Fast forward another 10 years to 2018, and without adding another penny to this account in those 10 years, it's now worth close to $1M.

That's the power of compounding interest at work.
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Old 02-06-2018, 02:25 PM   #1700
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Canada is in the midst of creating a legalized commodity marijuana market which is attracting big names like GW Pharmaceutical, Phillip Morris, etc...to get in the multi billion dollar action. A lot of weed companies have been created awaiting the legalization date and the strongest are Canopy, Aurora, The Hydropothecary Corporation, and Future Farm Technologies. The stocks fluctuate in price but are worth a 2-4 year window until the biggie corporations gobble up all the smaller companies.
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Old 02-06-2018, 02:26 PM   #1701
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Originally Posted by lewdog View Post
Oh I do remember now! I do appreciate you being honest. We all have different pucker factors. I am in no way trying to change what you do.

That being said, the power of compounding interest is very real. People like to look at the highest value of their portfolio, and freak out when it loses money in a correction like this week. Truth be told, those with 25-30 year investment windows. who consistently contribute to retirement accounts, will come out vastly ahead of those who do not use such accounts, simply due to compounding interest of decades.

I have a family member who started investing into a stock market retirement account in 1978. Fast forward to 2008 when the market crashed. At that time they had contributed a total of $150k throughout those 30 years into this account. Even at the absolute bottom of the market in 2008, it was still worth $400k. Sure it was scary and worrisome to see their retirement money get cut in half! But as they told me, they were still well ahead of where they'd be if they had simply placed that money into a savings account all those years. Fast forward another 10 years to 2018, and without adding another penny to this account in those 10 years, it's now worth close to $1M.

That's the power of compounding interest at work.
Too risky.
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Old 02-06-2018, 02:31 PM   #1702
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The real bite the last couple of days was there was no where to run but cash. Usually you would see bonds or even gold catching a bid but everything has been on sale. Today you did see bond yields come in a bit and the 10 yr is already back to 2.68% in from 2.88% less than 48 hours ago. The markets are still selling off world wide as we speak. Japan is down over 5% and London futures are down over 6% while Dow and SP500 futures in overnight trading are off 2% give or take.

A week ago every was screaming that we needed a correction. Today people are screaming cause we are getting it.

What people primarily need is PATIENCE.
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Old 02-06-2018, 03:17 PM   #1703
Hog's Gone Fishin Hog's Gone Fishin is offline
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Well, got back about 60% of yesterdays losses.Reduced portfolio from 12 to 4 yesterday. Bought Amazon at the close yesterday and Boeing today. Tomorrow is the last day I get to pull my hair out and then fishin for 3 days.
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Old 02-06-2018, 03:29 PM   #1704
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What people primarily need is PATIENCE.
What's the symbol for that? I'll look into it.
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Old 02-06-2018, 03:44 PM   #1705
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It's going back up! Exuberance! I feel exuberance!
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Old 02-06-2018, 03:46 PM   #1706
Hog's Gone Fishin Hog's Gone Fishin is offline
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What's the symbol for that? I'll look into it.
It's not in my portfolio either.
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Old 02-06-2018, 03:50 PM   #1707
Rain Man Rain Man is online now
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It's not in my portfolio either.
I feel like I should add it immediately.
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Old 02-06-2018, 03:56 PM   #1708
Hog's Gone Fishin Hog's Gone Fishin is offline
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Bought two books this week:

Jim Cramers, "Getting Back to Even" . It's old but I think it will be a good read.

Chuck Hughes, "Trade like Chuck". He supposedly won last years trading championship and a couple of years ago took like 4,600 dollars and turned it into $600,000 in two years and developed his own trading method. I'll believe it when I see it though. Probably included a winning lottery ticket for 1 mil in that figure and actually lost 400k.

Anyway it's some education, good or bad.
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Old 02-06-2018, 05:51 PM   #1709
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Quote:
Originally Posted by Hog's Gone Fishin View Post
Bought two books this week:

Jim Cramers, "Getting Back to Even" . It's old but I think it will be a good read.

Chuck Hughes, "Trade like Chuck". He supposedly won last years trading championship and a couple of years ago took like 4,600 dollars and turned it into $600,000 in two years and developed his own trading method. I'll believe it when I see it though. Probably included a winning lottery ticket for 1 mil in that figure and actually lost 400k.

Anyway it's some education, good or bad.
It's not quite an investing book per se, but if you want to read what's truly the all-time best book on trading, it's Reminiscences of a Stock Operator. Markets are probably driven 70% by psychology and this book - although written 100yrs ago - is absolutely spot-on and brilliant. Any great trader will tell you the same.
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Old 02-06-2018, 07:25 PM   #1710
Hog's Gone Fishin Hog's Gone Fishin is offline
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It's not quite an investing book per se, but if you want to read what's truly the all-time best book on trading, it's Reminiscences of a Stock Operator. Markets are probably driven 70% by psychology and this book - although written 100yrs ago - is absolutely spot-on and brilliant. Any great trader will tell you the same.
Thanks, ordered on amazon for 6.21 plus shipping.
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