Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

Up swing rest of week.

I can feel it.

[eDave]

BTC having a nice day.

[petegz28]

Originally Posted by lewdog

Up swing rest of week.

I can feel it.

It's good that you can feel it but I am not sure yet. Today was a good bounce. My favorite days are days that open lower and close higher. That's actually a more healthy type of an up day than one that opens higher goes higher.

That being said we are close to having what they call and outside day and volatility is picking up. Neither are great for the bulls. Volatility is great for active day traders and bears. Lack of volatility is great for investors and bulls.

Now my technical breakdown of things as they stand this minute is we are showing support at the 200 SMA. We bounced off of it Friday and opened below it today bit are now back above it.

We are also holding above the 20 SMA they we are straddling it but that is still good.

The 20 SMA broke above the 200 SMA last Friday despite the sell off and that again is good.

We have been above the 50 SMA since the middle of April and we were looking to test that today but we pretty much went straight up at the open.

The 50 SMA is still below the 200 SMA and many will say until that crosses you are not yet in bullish territory.

Volatility is picking back up which is never good for an uptrend.

Speaking of trend, we have pretty much flattened right after we started to actually show an uptrend just a week ago. Thursday literally blew that up.

If you're a buy the dip kind of person you should be buying here. I personally don't care for the pick up in volatility over the last few days and would like to see things calm down a bit.

[Hammock Parties]

Tell me again about my instincts, lewdick.

[Tylerthigpen!1!]

Originally Posted by Hammock Parties

Tell me again about my instincts, lewdick.

https://us.spindices.com/documents/s...-year-2017.pdf

Over the five-year period, 82.38% of large-cap managers, 87.21% of mid-cap managers, and 93.83% of small-cap managers lagged their respective benchmarks.

Lets see some sustained success before you start sucking your own dick.

[lewdog]

Originally Posted by Hammock Parties

Tell me again about my instincts, lewdick.

Didn’t you say today would suck ass?

[Hammock Parties]

Originally Posted by lewdog

Didn’t you say today would suck ass?

It did for a few hours.

But I didn't buy or sell anything today, bitch.

[ThaVirus]

To people in this thread who have a brain (aka not Clay), are you expecting another big drop in the near future or over these next 6-ish months?

[jdubya]

My 20 year old son has a ROTH IRA. Is today as good a day as any for him to drop some coin in it?

[Rain Man]

Originally Posted by ThaVirus

To people in this thread who have a brain (aka not Clay), are you expecting another big drop in the near future or over these next 6-ish months?

(Taps head to confirm brain presence.)

My theory is that we'll see another drop as a second wave of Covid comes around. But it won't be as big or abrupt as the first because we know a lot more now. So maybe a 5 or 10 percent drop that's more of a skid downward than a fast decline. It'll slowly climb or just stagnate, and then we'll get a vaccine next year and it'll take off again. I think we might get a small bump after the presidential election, too.

[lewdog]

Originally Posted by ThaVirus

To people in this thread who have a brain (aka not Clay), are you expecting another big drop in the near future or over these next 6-ish months?

I’m expecting a large dump late 2020 or early 2021 (50%+). Although the Feds may start buying stocks so who really knows.

Guessing is hard. I always take profits along the way in my brokerage account because no one ever went poor selling stocks for profit. In my investment accounts I just dollar cost average each month and never look back. I rebalance those accounts once a year to my desired allocation.

[lewdog]

Originally Posted by jdubya

My 20 year old son has a ROTH IRA. Is today as good a day as any for him to drop some coin in it?

Time IN the market beats timing the market. If you have the cash, investing sooner rather than later usually results in more compounding interest over time.

[ThaVirus]

Originally Posted by lewdog

Time IN the market beats timing the market. If you have the cash, investing sooner rather than later usually results in more compounding interest over time.

Even if you expect a big dump (50%+) in just a few months?

I guess if you're 20 you've got another 40 years for the market to rebound and compound interest, but would it be better for someone on the older side to ride it out for another 6-9 months before dumping in a boatload of cash?

[Rain Man]

Originally Posted by ThaVirus

Even if you expect a big dump (50%+) in just a few months?

I guess if you're 20 you've got another 40 years for the market to rebound and compound interest, but would it be better for someone on the older side to ride it out for another 6-9 months before dumping in a boatload of cash?

I would tend to agree with Lew that dollar cost averaging is the way to go. None of us really knows what will happen. If we get good news about vaccines and the second wave is small, then the markets will climb from here. So if you put in a little at a time with consistency, you'll manage both downside risk and upside risk.

I love the fact that trades are free now on the brokerages. I can buy $100 of stock at a time now without worrying about fees eating my profits.

[jdubya]

Originally Posted by lewdog

Time IN the market beats timing the market. If you have the cash, investing sooner rather than later usually results in more compounding interest over time.

Every once in awhile i am reminded that no matter how old I get, I`m still capable of asking stupid questions. Feel foolish that I needed reminding that the success of ROTH IRAs are based on CI which is based on time. Thanks the the head slap of wakefulness