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#12601 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
Either learn how to trade and take money of the table quickly daily/weekly or decide you're in it for the long haul and invest money when things are down in solid companies, ETFs or index funds. What's 3 more years? I don't think this will be a massive bear market and I do think we'll get a solid ride to all-time highs sometime in the next 1-2 years before a monster 50%+ bear comes along in 2-4 years. But again, it's all speculation and if one person out there could perfect timing the market.....we'd all be rich. |
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Posts: 46,016
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#12602 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Posts: 40,721
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#12603 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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That's math. And look at that trend line!!!! ![]() |
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Posts: 46,016
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#12604 | |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Quote:
I don't feel like taking a ride to the bottom when I can protect my gains and then get back in after the long slide. BTW I Am invested in ETF's and "solid" companies. Everything has been in a downward spiral and I don't see any good news on the horizon to make things change. |
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Posts: 43,200
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#12605 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Buffet has invested in plenty of dogs over the last few years. Maybe if I had a massive war chest like he has- I would do some bargain shopping.
The only thing propping up the economy from a complete collapse is the Real Estate market- which is on the biggest bubble I have ever seen. All you need to do is look back on the Obama years to see where we are headed. They are talking about $200 bucks for a barrel of oil. Next big Green day- I am out. |
Posts: 43,200
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#12606 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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Posts: 40,721
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#12607 | ||
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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And if you missed out on the gains during the Obama years, it's truly my apologies to you, grandpa. ![]() |
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Posts: 46,016
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#12608 | |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Quote:
Gas going up 20 cents a day is unsustainable. I just paid $118.00 for groceries at Walmart- that were less than $100 two week ago- again unsustainable. People paying 30-40% over list price for homes- unsustainable. If you can't see that the economy is headed for a major recession- my apologies to you as well. |
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Posts: 43,200
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#12609 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $440477
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When people are fearfull it's time to load the boat.
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Posts: 40,721
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#12610 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
/see the chart on presidents I agree but when and how far that happens in the stock market is hard to know. If you sell now you've already absorbed a 20% loss in the NASDAQ. How will you know when to get back in? What if the market rebounds from here back to all-time highs? |
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Posts: 46,016
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#12611 |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Posts: 43,200
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#12612 | |
In Search of a Life
Join Date: Aug 2005
Casino cash: $7327995
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Quote:
I am only looking to protect the gains in my stock account. I am not sure why you think this is such a bad move considering the state of the union. |
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Posts: 43,200
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#12613 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $1481110
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I go on Realtor.com a lot and check out the Property History to see what the house sold for last and when. When I see a townhome of 2,200 sq ft sell for $895,000 when it sold at $375,000 just 5 years ago, you know this shit is going to end bad. I can't speak to every market in the US but Phoenix area is in a massive bubble and so are many other markets. Bubbles never end well. The end will occur when everyone says to buy Real Estate, can't lose.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ ![]() "The men who drafted Patrick Mahomes" ![]() |
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Posts: 51,583
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#12614 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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Quote:
I'm continuing DCA into my 401k and ROTH IRA but I've been basically 100% cash in my trading account for months as setups for trading have been poor. |
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Posts: 46,016
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#12615 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $631900
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HALFCAN IT’S time to sell.
Green!!!! |
Posts: 46,016
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