Money Investing megathread extravaganza - Page 819

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**DaFace** · 01-13-2022, 02:57 PM

AMC's almost to the point I could justify a share for the free popcorn.

stumppy · 01-13-2022, 03:07 PM

Quote:

Originally Posted by petegz28

Market appears to have rolled over this morning which I was afraid of. The last 3 days were too obvious. We could be in for another run to the downside.

FTR I am looking at the following levels for immediate-term support

QQQ - $379ish

SPY - $467ish

We go below those and bad things man, bad things

Guess what? Lotta red out there.

**Rain Man** · 01-13-2022, 04:16 PM

Geez, the day didn't start bad, and now blood is running in the streets again.

Infidel Goat · 01-13-2022, 07:38 PM

Quote:

Originally Posted by Infidel Goat

I beat the total market in 2021 but I'm hardly an active trader.

For the last thirty years, I've primarily held 100% of my Roth IRA and (for the last fifteen years) 403b in a total market index (FSKAX most recently). I'm the guy who ties the index most years.

I beat the market because I moved about half of my Roth IRA portfolio into FSRBX (Fidelity Select Banking Portfolio) in the middle of August 2020.

It was definitely a market timing move that I wouldn't usually engage in but the overall market had already snapped back from the pandemic and the banking sector hadn't yet. FSRBX did bounce back shortly after I bought it and so it was a little bit like getting the market bounce back X2 in 2020. Huzzah for me. FSRBX also had a better year than FSKAX in 2021, so I'm up against the total market index again this year.

I know that I'm overexposed in the banking sector right now, so I'd like to get back close to 100% FSKAX by the end of 2022. Short term, though, I'm still a little bullish on FSRBX because it's one of the industries most likely to benefit from higher interest rates.

Long term, I also have to decide when I want to move away from 100% equities in my retirement accounts. I passed 50 recently and will likely work at least another 10-15 years, so I'd have time to invest further and recover if the market tanked in the short term. I'm obviously still pretty aggressive with my retirement accounts right now, though.

I sold 1/2 of my FSRBX and put it into FSPHX (which is down 8% YTD).

FSRBX has had a nice early run in the year for me. Up 10.99% YTD.

My Roth is now essentially 1/3 FSKAX, 1/3 FSRBX, 1/3 FSPHX. I think FSPHX goes back up once the omicron wave passes.

**lewdog** · 01-14-2022, 08:52 AM

AMC in the 19’s!!!!

To the moon now?!?!?!?

**petegz28** · 01-14-2022, 09:44 AM

Something is telling me that we are in for a route to the downside. We are closer to the 200 SMA on the Qs than we are on the SPYs so perhaps we see those bottom out first.

But the distance between the SPY now and the 200 SMA is about 260 SP500 points which is about 2,600 Dow points.

scho63 · 01-14-2022, 09:56 AM

Quote:

Originally Posted by lewdog

AMC in the 19’s!!!!

To the moon now?!?!?!?

More like the Mariana's Trench.

mr. tegu · 01-14-2022, 10:33 AM

I haven’t looked at my account for a week or so since so many tech growth stocks are getting absolutely hammered and I didn’t want to see it assuming it was still bad. Should have not looked so I could keep pretending they are doing good. Just got to hold on to them though.

neech · 01-14-2022, 11:54 AM

DIS was downgraded and taking a hit.

This market is brutal.

**petegz28** · 01-14-2022, 12:47 PM

Quote:

Originally Posted by neech

DIS was downgraded and taking a hit.

This market is brutal.

Oddly enough it has been a favorite of a lot of talking heads so far this year.

And just wait until the real selling hits.

scho63 · 01-14-2022, 12:49 PM

Quote:

Originally Posted by neech

DIS was downgraded and taking a hit.

This market is brutal.

Yeah, I was in at $150 and change, hit $158 and cratered. Still liking it.

scho63 · 01-14-2022, 12:50 PM

The market has low volume too

scho63 · 01-14-2022, 12:50 PM

Shorts enjoying their day in the sun.

**petegz28** · 01-14-2022, 12:54 PM

I am suspecting with the market being closed on Monday there will be a good amount of selling going into the close. No one wants to be long going into a long weekend right now.

Right now I think you are probably seeing some short covering from the week but I expect the sell orders to hit in the last 30 min of the day.

**Rain Man** · 01-14-2022, 12:55 PM

Quote:

Originally Posted by Infidel Goat

I sold 1/2 of my FSRBX and put it into FSPHX (which is down 8% YTD).

FSRBX has had a nice early run in the year for me. Up 10.99% YTD.

My Roth is now essentially 1/3 FSKAX, 1/3 FSRBX, 1/3 FSPHX. I think FSPHX goes back up once the omicron wave passes.

I'm underweighted in banks and have been pondering getting something. That FSRBX looks interesting.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $76899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,542

01-13-2022, 02:57 PM	#12271
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $76899	AMC's almost to the point I could justify a share for the free popcorn.
Posts: 52,542

01-13-2022, 04:16 PM	#12273
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $1368491 VARSITY	Geez, the day didn't start bad, and now blood is running in the streets again. __________________ Active fan of the greatest team in NFL history.
Posts: 143,186

01-14-2022, 08:52 AM	#12275
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $-18100	AMC in the 19’s!!!! To the moon now?!?!?!?
Posts: 46,146	1 0

01-14-2022, 09:44 AM	#12276
petegz28 Supporter Join Date: Feb 2005 Location: Olathe, Ks Casino cash: $844127	Something is telling me that we are in for a route to the downside. We are closer to the 200 SMA on the Qs than we are on the SPYs so perhaps we see those bottom out first. But the distance between the SPY now and the 200 SMA is about 260 SP500 points which is about 2,600 Dow points.
Posts: 130,060

01-14-2022, 10:33 AM	#12278
mr. tegu Forever Royal Join Date: Mar 2012 Casino cash: $41300	I haven’t looked at my account for a week or so since so many tech growth stocks are getting absolutely hammered and I didn’t want to see it assuming it was still bad. Should have not looked so I could keep pretending they are doing good. Just got to hold on to them though.
Posts: 25,329

01-14-2022, 11:54 AM	#12279
neech MVP Join Date: Mar 2019 Location: KC Casino cash: $3480400	DIS was downgraded and taking a hit. This market is brutal.
Posts: 7,604

01-14-2022, 12:50 PM	#12282
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $821110	The market has low volume too __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 52,854

01-14-2022, 12:50 PM	#12283
scho63 Politically Incorrect Join Date: Feb 2009 Location: Scottsdale, AZ Casino cash: $821110	Shorts enjoying their day in the sun. __________________ *"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!"* ~Redd Foxx~ ~~2018 2019 2020 20212022 2023~~ 2024 Adopt a Chief - Clark Hunt and Brett Veach "The men who drafted Patrick Mahomes"
Posts: 52,854

01-14-2022, 12:54 PM	#12284
petegz28 Supporter Join Date: Feb 2005 Location: Olathe, Ks Casino cash: $844127	I am suspecting with the market being closed on Monday there will be a good amount of selling going into the close. No one wants to be long going into a long weekend right now. Right now I think you are probably seeing some short covering from the week but I expect the sell orders to hit in the last 30 min of the day.
Posts: 130,060	1 0