Thread: The stock market
01-22-2022, 09:48 AM
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#31
01-22-2022, 10:35 AM
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#32
- guest89
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I'm not sure why everyone is losing their damn minds. We knew this was coming. We should be excited and loading up on stocks/crypto at the low price point.
Not only am I not selling. I'm continuing to buy. I had some cash in a safe that I'm going to be depositing in my bank. By March I suspect Ill have 0 cash and I'll be buying as much as possible with every paycheck.
Originally Posted By nosirrahx⏩
Didn't you do the same thing when Covid lockdowns hit or am I thinking of another high net worth miscer? Why not just hold fast? In the grand scheme of things the market always recovers. And history proves that time in the market> timing the market.We are preparing to sell 50% of our total holdings since we are still way up. Sucks that we took a huge hit but that's the game, it happens.
I have no idea how much downside there is right now but it sure feels like a lot. The market price has felt like pure fiction for really long time now.
I have no idea how much downside there is right now but it sure feels like a lot. The market price has felt like pure fiction for really long time now.
Not only am I not selling. I'm continuing to buy. I had some cash in a safe that I'm going to be depositing in my bank. By March I suspect Ill have 0 cash and I'll be buying as much as possible with every paycheck.
01-22-2022, 10:47 AM
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#33
Originally Posted By ChunkBuster⏩
Market is tankingThanks, Biden. The stonk market has been tanking with this senile in charge.
$10k down yesterday…
Think I’ll wait for a reversal before investing again.
$10k down yesterday…
Think I’ll wait for a reversal before investing again.
Doesn’t take advantage of said market when its stocks are one sale
Not sure if srs
01-22-2022, 10:51 AM
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#34
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Originally Posted By guest89⏩
Yep, sold when a bunch on the way down, bought back in on the way up, made a couple of hundred K in the process. Had we had the balls to sell right away it would have been glorious but whatever, still did pretty OK.Didn't you do the same thing when Covid lockdowns hit or am I thinking of another high net worth miscer? Why not just hold fast? In the grand scheme of things the market always recovers. And history proves that time in the market> timing the market.
We also put a few hundred K into an annuity, traded a 6 year lockup for downside protection just in case the bottom fell out during COVID. That part is protected if the market continues to sell off. In all other circumstances I kind of hate annuities and have never even contemplated one before but COVID was putting a bit too much fiction and emotion into the market.
Originally Posted By guest89⏩
Its tempting to buy more on the way down but if the drop is protracted I will eventually run out of available funds. I'd rater profit take and capture a bigger piece of the bottom later. Being liquid as the market tumbles feels a lot better than watching it fall while being all in.Not only am I not selling. I'm continuing to buy. I had some cash in a safe that I'm going to be depositing in my bank. By March I suspect Ill have 0 cash and I'll be buying as much as possible with every paycheck.
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
01-22-2022, 10:52 AM
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#35
01-22-2022, 10:53 AM
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#36
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Originally Posted By guest89⏩
I did the math on another forum I'm on.I'm not sure why everyone is losing their damn minds. We knew this was coming. We should be excited and loading up on stocks/crypto at the low price point.
Didn't you do the same thing when Covid lockdowns hit or am I thinking of another high net worth miscer? Why not just hold fast? In the grand scheme of things the market always recovers. And history proves that time in the market> timing the market.
Not only am I not selling. I'm continuing to buy. I had some cash in a safe that I'm going to be depositing in my bank. By March I suspect Ill have 0 cash and I'll be buying as much as possible with every paycheck.
Didn't you do the same thing when Covid lockdowns hit or am I thinking of another high net worth miscer? Why not just hold fast? In the grand scheme of things the market always recovers. And history proves that time in the market> timing the market.
Not only am I not selling. I'm continuing to buy. I had some cash in a safe that I'm going to be depositing in my bank. By March I suspect Ill have 0 cash and I'll be buying as much as possible with every paycheck.
IMO a fair market value for SPY is $300, and even that's on the high side. Let's say the Fed doesn't intervene during a correction down to $300, and doesn't intervene to re-blow the bubble afterwards. At 5% GDP growth, it would take 9 years to get back to today's prices and 10 years to break new ATHs.
Tl;dr either the central banks re-inflate this mess or the 2020s are going to be a lost decade.
Sure, if you aren't planning to retire for 40 years then keep buying in. But if you are thinking shorter term, you could be underwater for years buying at today's prices.
I am staying cash until the FOMC meeting Wednesday. The Federal Reserve alone decides if this market rebounds or this market tanks... I'll wait for them to make their call.
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01-22-2022, 10:53 AM
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#37
Pretty sure I told you guys to start turning to cash in multiple threads over a long period of time but you didn't listen, y'all wanna babble about inflation instead lol.
I have a pretty good idea about next week, be it rally or bust.
There really is no point trying to save y'all, so I won't.
I have a pretty good idea about next week, be it rally or bust.
There really is no point trying to save y'all, so I won't.
I: Self, Lord and Master.
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01-22-2022, 11:02 AM
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#38
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Still buying every other week crew.
Contemplating tapping strategic cash reserves to buy more rn
Contemplating tapping strategic cash reserves to buy more rn
01-22-2022, 11:05 AM
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#39
- A0wner21
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So much cope in here, market is down 7% from ATH cyrpto is down 50% from ATH but 90% of cryptos are useless and it sounds like end of the world.
Every1 going to keep buying on the way down until they run out of money and are down more after that. Market gonna rally this week with powell, Every1 gonna get sucked back in, then it’s curtains.
Every1 going to keep buying on the way down until they run out of money and are down more after that. Market gonna rally this week with powell, Every1 gonna get sucked back in, then it’s curtains.
01-22-2022, 11:16 AM
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#40
01-22-2022, 11:22 AM
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#41
- nosirrahx
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Originally Posted By Trillical⏩
Housing crash could be pretty bad. Prices are not making any sense.Let it all crash
Cant wait til the housing market tanks too
Cant wait til the housing market tanks too
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
01-22-2022, 11:26 AM
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#42
- Shortfuze
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Are you guys buying any securities to buttress against the tanking market? Bonds? Gold? High dividend stocks? Low volatility securities? etc?
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01-22-2022, 11:33 AM
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#43
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As I've gotten older and closer to retirement I've been changing the ratio of stocks to bonds in my portfolio. The problem the last few years has been that even though I've been selling stock funds to buy bond funds the percentage of stocks in my portfolio has stayed roughly the same (even increased). That's not bad, I'll take the gains. Now, with the little correction we're currently going through my portfolio is rebalancing some which is a good thing overall. Yes, it's hard to watch 100K+ changes in portfolio value so I ignore the absolute dollar changes and instead make sure that the balance between sectors is where I want and that the underlying funds are still worth having. Since I first started investing many years ago (early 80's) my total portfolio (401K, emergency fund, house purchase funds, etc) has returned %11.8 per year. Sure some years are better than others but over time it's worked well and I haven't resorted to market timing or day trading. So, learn some patience and invest in things that you can explain. It's nice having a 7 figure retirement portfolio that doesn't include the pension or 401K with my current employer or real estate investments.
01-22-2022, 11:37 AM
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#44
- DivineMasculine
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Originally Posted By Trillical⏩
The housing market won’t crash anytime soon if rents are still expensive.Let it all crash
Cant wait til the housing market tanks too
Cant wait til the housing market tanks too
Why rent when you can put 3% down as a first time home buyer.
The misc is full of a bunch of simp ****ots
01-22-2022, 11:39 AM
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#45
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Originally Posted By Shortfuze⏩
I bought a crapload of PMs over a decade ago. Only killed it with Palladium, I got in at ~$350 to $500. Probably going to pass Silver and Gold onto my kids (not officially obviously) but will sell all of my Palladium and Platinum at some point.Are you guys buying any securities to buttress against the tanking market? Bonds? Gold? High dividend stocks? Low volatility securities? etc?
Eat in a deficit to lose weight.
Hit your protein and fat minimums to stay healthy and keep your gainz.
Lift heavy and do HIIT to look and feel awesome.
Use the internet to learn why you should do these things and how to do these things.
01-22-2022, 11:44 AM
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#46
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Originally Posted By A0wner21⏩
7% ain't bad, but 7% in a week is, and 7% in a week for a market that still has 30+% to puke is really fukking bad. Peloton and Netflix both lost 2 years of stock gains overnight like it was nothing.So much cope in here, market is down 7% from ATH cyrpto is down 50% from ATH but 90% of cryptos are useless and it sounds like end of the world.
Every1 going to keep buying on the way down until they run out of money and are down more after that. Market gonna rally this week with powell, Every1 gonna get sucked back in, then it’s curtains.
Every1 going to keep buying on the way down until they run out of money and are down more after that. Market gonna rally this week with powell, Every1 gonna get sucked back in, then it’s curtains.
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01-22-2022, 11:58 AM
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#47
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Originally Posted By Rajc⏩
C'mon brah. Can we at least get an "stockcels, it's over for you" on vocaroo?0 change that jpow will let it rot
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01-22-2022, 12:14 PM
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#48
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Should I be buying stonks rn? Mainly Amazon and blackrock?
01-22-2022, 12:18 PM
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#49
I wouldn't touch the crypto or conventional stock market with a 10 ft pole right now.
Everyone has been saying we're in the mother of all bubbles before COVID, now imagine after the money printer went brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
Hold on to your cash, boyos.
Chit's about to go on SALE.
Everyone has been saying we're in the mother of all bubbles before COVID, now imagine after the money printer went brrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr.
Hold on to your cash, boyos.
Chit's about to go on SALE.
300 Forever
01-22-2022, 12:23 PM
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#50
01-22-2022, 12:24 PM
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#51
01-22-2022, 12:30 PM
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#52
01-22-2022, 12:31 PM
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#53
- UknowWho11
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it's over boyos
"If not me, then who? If not now, then when?"
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01-22-2022, 12:32 PM
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#54
01-22-2022, 12:33 PM
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#55
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You guys need jesus.
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i can bench press 135 pounds on a good day
01-22-2022, 12:33 PM
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#56
Originally Posted By nosirrahx⏩
Housing crash could be pretty bad.Prices are not making any sense.
Originally Posted By DivineMasculine⏩
I've seen a spate of videos claiming that RE is about to crash. But I also read that supply is tight; 1 million homes for sale in December 2021 compared to 1.7 million homes for sale in December 2019 in the US. OTOH mortgage interest rates are up nearly 1% from December 2020.The housing market won’t crash anytime soon if rents are still expensive.
Why rent when you can put 3% down as a first time home buyer.
Why rent when you can put 3% down as a first time home buyer.
So IDK- will higher rates and tight supply cause more wanna be buyers to sit out this spring, or will those who have been waiting to buy decide they have to pull the trigger before mortgage rates go even higher?
This could also be affected by the Fed meeting.
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01-22-2022, 12:35 PM
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#57
01-22-2022, 12:35 PM
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#58
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market crashes, hopefully the house market crashes too.
A total reset is coming
A total reset is coming
01-22-2022, 12:35 PM
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#59
Iabs being wrong:
I see Lefticle here.
I remember him saying something stupid as well, I'll try to find it later.
Originally Posted By iabs⏩
Me trying to save him:Powell did NOT confirm the "3 interest rate hikes" next year, he "expects" the hikes to take place and get this, it will be a whooping .9% by the end of 2022....
Inflation is at 7% right now and they'll counter by increasing less than 1% by the end of next year.....
Smoke and mirrors, folks.
Inflation is at 7% right now and they'll counter by increasing less than 1% by the end of next year.....
Smoke and mirrors, folks.
Originally Posted By Abzu⏩
Jkm losing his conviction:He's lying just like he was lying all through this year lol.
It is very likely he raises rates.
Likely more than 3 times.
Believe me or believe the fed chair.
It's really an easy choice.
He lies but I'm the Truth.
Pretty sure Abzu the Profit called this before you.
It is very likely he raises rates.
Likely more than 3 times.
Believe me or believe the fed chair.
It's really an easy choice.
He lies but I'm the Truth.
Pretty sure Abzu the Profit called this before you.
Originally Posted By Jkm94⏩
Abzu provides fortification:Feeling like a cuck with a large amount of cash at the bank doing nothing.
Originally Posted By Abzu⏩
Lockdev being wrong and telling me I'm wrong at the same time:Sustained low inflation?
Pick any asset.
Lol.
Runaway inflation?
You are there.
Cash.
Runaway inflation will crash basically everything and you are going to want cash to buy things on sale.
Pick any asset.
Lol.
Runaway inflation?
You are there.
Cash.
Runaway inflation will crash basically everything and you are going to want cash to buy things on sale.
Originally Posted By lockdev⏩
Lol.This is horrible advice.
Look at any country that has ever had a period of hyperinflation.
What happened to their currency?
These countries did not experience a magical period of deflation. With central banks around, this will definitely not happen.
Cash is not an investment. It's a currency. It's nothing more than a means an end.
I feel bad for anyone holding cash right now. The Fed has been, and will continue to use the wealth that lies in the dollar as its personal savings account to bail equity markets out when they fall.
TL;DR The Fed holds the cards, and they've proven time and time again that they will sacrifice the dollar for equity markets.
Look at any country that has ever had a period of hyperinflation.
What happened to their currency?
These countries did not experience a magical period of deflation. With central banks around, this will definitely not happen.
Cash is not an investment. It's a currency. It's nothing more than a means an end.
I feel bad for anyone holding cash right now. The Fed has been, and will continue to use the wealth that lies in the dollar as its personal savings account to bail equity markets out when they fall.
TL;DR The Fed holds the cards, and they've proven time and time again that they will sacrifice the dollar for equity markets.
I see Lefticle here.
I remember him saying something stupid as well, I'll try to find it later.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
01-22-2022, 12:44 PM
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#60
Found one:
Originally Posted By DivineMasculine⏩
Cash is king during these times, hold the line. Things will be cheap soon (end of 2022) and then you buy (equities, real estate etc).
Originally Posted By Lefticle⏩
Worst advice I’ve ever heard in my life
Originally Posted By DivineMasculine⏩
Lol the Profits are only revered after they are dead.I don’t think so
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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