Stock market.... What are you doing?

[JettaKnight]

If a Dem gets elected, they may confiscate your IRA's to pay for your Social Security.

 

[melensdad]

IRRATIONAL!

Oil up. Futures way up

Oil UP 10% despite the fact that the Saudis have pledged to increase production 20%.


I'm looking for the S&P 500 to bottom out just below 1800, that would be predicted in the numbers using a 90 year cycle and a 45 year cycle analysis. So glad I pulled most of my holdings just before this all got bad and switched the holdings to money markets. Moving back into the market after the drop follows the trend I expect to see, probably becoming a buyer again when the S&P 500 is about 1900.

 

[AtTheMurph]

If a Dem gets elected, they may confiscate your IRA's to pay for your Social Security.

https://www.forbes.com/sites/davidm...n-ira-sufficient-for-retirement/#3f595795418d

Obama proposed it once already. So the idea is out there circling around in the nether regions of the swamp. Think they aren't licking their chops at those trillions in retirement plans? Think again.

 

[GodFearinGunTotin]

https://www.forbes.com/sites/davidm...n-ira-sufficient-for-retirement/#3f595795418d

Obama proposed it once already. So the idea is out there circling around in the nether regions of the swamp. Think they aren't licking their chops at those trillions in retirement plans? Think again.

You can bet some “think tank” out there already has model legislation already drawn up and stored for later.

 

[nonobaddog]

Everything I bought yesterday is such a pretty green. It would be nice if it would stay that way a while or even get legs but this market is not strong at all.

 

[HoughMade]

You can bet some “think tank” out there already has model legislation already drawn up and stored for later.

Sounds like a 5th Amendment issue to me.

Anyhoo, what they are talking about is doing away with tax deferment (and deductibility) over a certain amount...which would be hard enough on the markets.

 

[GodFearinGunTotin]

Sounds like a 5th Amendment issue to me.

Anyhoo, what they are talking about is doing away with tax deferment (and deductibility) over a certain amount...which would be hard enough on the markets.

Yeah...no, there’s been actual talk of confiscation.

 

[bwframe]

Once they take the 2nd Amendment (or neuter it) they can fiddle with the rest of them as they want. The Dem front runner just confirmed this today.

 

[BugI02]

IRRATIONAL!



Oil UP 10% despite the fact that the Saudis have pledged to increase production 20%.


I'm looking for the S&P 500 to bottom out just below 1800, that would be predicted in the numbers using a 90 year cycle and a 45 year cycle analysis. So glad I pulled most of my holdings just before this all got bad and switched the holdings to money markets. Moving back into the market after the drop follows the trend I expect to see, probably becoming a buyer again when the S&P 500 is about 1900.

I would remind you that during the rundown to the great recession, several money market funds 'broke the buck' and were not safe havens nor covered by FDIC. Not criticizing as much as pointing out there are few truly safe havens

 

[nonobaddog]

Today the market is making me look like I know what I'm doing.
Something, something, blind acorn.

 

[smokingman]

At best 2-3 days. That is all this buys,if that. Reality is brutal.

or less than

https://www.investing.com/indices/indices-futures

 

[Jomibe]

I'm a noob at the market, but always wanted to play around with stocks a little. After the first big downturn I figured it was time to buy. There were a few stocks I figured were low and would go back up quickly. Ha. My starting $7,000 has been beat down to about $6,130.

Either I stop paying attention at this point, or take my losses and pull the remainder out and wait until this thing goes under 20k.

 

[CampingJosh]

I'm a noob at the market, but always wanted to play around with stocks a little. After the first big downturn I figured it was time to buy. There were a few stocks I figured were low and would go back up quickly. Ha. My starting $7,000 has been beat down to about $6,130.

Either I stop paying attention at this point, or take my losses and pull the remainder out and wait until this thing goes under 20k.

What you are describing is a great strategy to lose money.

 

[Jomibe]

What you are describing is a great strategy to lose money.

Well, the "stop paying attention" isn't, as the stocks I bought are of the buy and hold nature.

The part about getting out now and waiting until the bleeding stops is because this is starting to feel like a longer event than most foresaw. If this market goes down into the teens, my $6100 in cash will buy more at that point than the losses I would incur to that trying to pot commit against my lost $900

This isn't my retirement, losing $900 doesn't bother me. I just want to make the smartest play over the next couple months.

 

[nonobaddog]

You are down about 12.5% so to break even that would be like the DOW going from 24,000 to 27,000. I certainly believe that will happen. It is just a matter of how long that takes and I have absolutely no idea about that.

Another option, if one believes this is now the bottom, is to buy more of those stocks to reduce the average cost basis.

Bottom line is that it is always a guess as to which way the market will be going in the future.

My son meets with his financial advisor tomorrow - I am interested to hear what he says about this dumpster fire of a market.

 

[Trigger Time]

If you don't know what you are doing you shouldn't just throw money at random stocks which are low that you think will go back up.
This is how the rich get richer

 

[JettaKnight]

This morning I remembered I still have a decent stake in Royal Caribbean cruise lines.

I just want to make the smartest play over the next couple months.

Then buy exchange traded index funds.



Diversification is your friend, and comes highly recommended by Warren Buffet.

 

[BugI02]

I'm a noob at the market, but always wanted to play around with stocks a little. After the first big downturn I figured it was time to buy. There were a few stocks I figured were low and would go back up quickly. Ha. My starting $7,000 has been beat down to about $6,130.

Either I stop paying attention at this point, or take my losses and pull the remainder out and wait until this thing goes under 20k.

Pardon me for pointing this out, but you failed to correctly time the market the first time. Have you learned enough from the single experience to be certain you will get it right the next time? Make no mistake, having money available to invest but not in the market is market timing on some level. If you're long; pick an entry point, get in and then forget about it. Otherwise, what metric will you use to call the bottom? Is it not possible that if you wait days beyond the actual bottom, to be sure we are in recovery, that markets will be back at Monday's levels or even higher. Remember that even professionals can't time the market. Less than one third of fund managers can beat their funds associated index in any given year. The number of fund managers that can beat their underlying index two years in a row is practically undetectable.

Perfect is the enemy of good enough

 

[Jomibe]

Then buy exchange traded index funds.

Yeah, I have index funds in my Vanguard Roth account.

I thought I was clear saying this was for playing around in single stocks.

 

[JettaKnight]

Yeah, I have index funds in my Vanguard Roth account.

I thought I was clear saying this was for playing around in single stocks.

Well, then have fun.


My days of filling out Schedule D (for myself) are in the past.