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Stock market looking bad, son... it's looking real bad....
10-27-2023, 11:24 AM
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#31
Originally Posted By Polaris⏩
This.Dca
If you don't plan on retiring in the next 10 years, and are not a peasant, just let it ride. There's never been a period of more than 5 years where returns were not positive. That includes the Great Depression.
Just set it and forget it boyos.
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10-27-2023, 11:27 AM
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#32
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Originally Posted By lockdev⏩
I used to be on that set-it-and-forget-it wagon. But I've changed my mindset over the years, sometimes it's simply a wiser play to lock in your profits if you know a drop is coming.This.
If you don't plan on retiring in the next 10 years, and are not a peasant, just let it ride. There's never been a period of more than 5 years where returns were not positive. That includes the Great Depression.
Just set it and forget it boyos.
If you don't plan on retiring in the next 10 years, and are not a peasant, just let it ride. There's never been a period of more than 5 years where returns were not positive. That includes the Great Depression.
Just set it and forget it boyos.
The drop may come in a few months or in a year, but it's inevitable. So what I did a few months ago was lock in my profits and slowly buying back in.
The only holdings I didn't dump were my dividend holdings.
Everything I post is satire.
Tricknology Grand Master.
10-27-2023, 11:29 AM
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#33
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Originally Posted By mulletwarrior⏩
Equities aren't increasing in value with 8% interest rates on debt. You'll find out soon, everything is wildly overvalued, and a person with $1M can easily 10x that by buying puts 6 months out right now.lol what are you talking about? Looks like nothing more than normal daily fluctuation.
I doubt there will be an actual crash because we are still in hyperinflation, and hyperinflation will continue to prop up the costs of equtiies
I doubt there will be an actual crash because we are still in hyperinflation, and hyperinflation will continue to prop up the costs of equtiies
The US Government has to come out with a new budget in November, and this will cut spending to a ton of different programs. This is when the real dump will occur.
10-27-2023, 11:29 AM
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#34
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10-27-2023, 11:30 AM
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#35
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Originally Posted By N0stradamus⏩
You can earn 10x your money by learning how to properly buy and sell before market drops. This separates the upper class from the wagies.I used to be on that set-it-and-forget-it wagon. But I've changed my mindset over the years, sometimes it's simply a wiser play to lock in your profits if you know a drop is coming.
The drop may come in a few months or in a year, but it's inevitable. So what I did a few months ago was lock in my profits and slowly buying back in.
The only holdings I didn't dump were my dividend holdings.
The drop may come in a few months or in a year, but it's inevitable. So what I did a few months ago was lock in my profits and slowly buying back in.
The only holdings I didn't dump were my dividend holdings.
10-27-2023, 11:31 AM
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#36
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Originally Posted By N0stradamus⏩
people have always been trying to time the market and it doesn't work for 99%. but yeah i can see locking in profits if it means locking in making your life easier by paying off debts...then buy back in slowly because you have no worries with no debt.I used to be on that set-it-and-forget-it wagon. But I've changed my mindset over the years, sometimes it's simply a wiser play to lock in your profits if you know a drop is coming.
The drop may come in a few months or in a year, but it's inevitable. So what I did a few months ago was lock in my profits and slowly buying back in.
The only holdings I didn't dump were my dividend holdings.
The drop may come in a few months or in a year, but it's inevitable. So what I did a few months ago was lock in my profits and slowly buying back in.
The only holdings I didn't dump were my dividend holdings.
10-27-2023, 11:32 AM
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#37
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Originally Posted By leoaa777⏩
Stock name for huge repsJust bought more on my largest dividend position. Averaging down while it’s on sale. Brb 2k /quarter In dividends. Yes please.
10-27-2023, 11:32 AM
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#38
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Originally Posted By OliverHeldens⏩
I keep it simple:You can earn 10x your money by learning how to properly buy and sell before market drops. This separates the upper class from the wagies.
If I reach a certain gains level that I like, and if my gut feeling says there's some volatility is on the horizon, I'll just take my profits and slowly start buying back in.
IMHO, it's the wiser play. I've known people who's portfolios dropped just before they were about to retire. You just can't always rely on set-it-and-forget-it.
Everything I post is satire.
Tricknology Grand Master.
10-27-2023, 11:34 AM
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#39
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Someone is doing a lot of stock selling of late. As I read last night, maybe with middle east tensions some are selling their stocks over fears of future sanctions. What ever is going on, looking forward to when stocks reverse course. Tech company earnings have been good.
10-27-2023, 11:36 AM
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#40
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Originally Posted By eddiehaskell⏩
I don't time, I just go on gut feeling. If I'm at a certain profit level, I'll take the profit. And when I say slowly buying back in, I meanSLOWLY... I'll buy a dozen shares at a time over the course of months until the drop happens, then I buy in larger quantities.people have always been trying to time the market and it doesn't work for 99%. but yeah i can see locking in profits if it means locking in making your life easier by paying off debts...then buy back in slowly because you have no worries with no debt.
Everything I post is satire.
Tricknology Grand Master.
10-27-2023, 11:44 AM
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#41
I have about 10K in a speculation account. Sold all stock out of it because im a terrible speculator. Going to buy wristwatch instead srs. Buying up more VTI in the retirement account though. Won't be touching that for another 30 years ideally.
10-27-2023, 11:45 AM
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#42
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10-27-2023, 11:46 AM
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#43
Originally Posted By N0stradamus⏩
You're supposed to take the number 120 minus your age. That is the amount to have in stocks. That way, as you get closer to retirement, you recalibrate so this doesn't happne.I keep it simple:
If I reach a certain gains level that I like, and if my gut feeling says there's some volatility is on the horizon, I'll just take my profits and slowly start buying back in.
IMHO, it's the wiser play. I've known people who's portfolios dropped just before they were about to retire. You just can't always rely on set-it-and-forget-it.
If I reach a certain gains level that I like, and if my gut feeling says there's some volatility is on the horizon, I'll just take my profits and slowly start buying back in.
IMHO, it's the wiser play. I've known people who's portfolios dropped just before they were about to retire. You just can't always rely on set-it-and-forget-it.
10-27-2023, 11:47 AM
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#44
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10-27-2023, 11:47 AM
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#45
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Originally Posted By Silencespeaks⏩
You buy Bonds for the Yield. If those provided enough Yield to get him through the rest of life, who cares about the value.My brother in law did this for 40 years, just invested DCA in his 401k the whole time and finally retired last year in the middle of stock market tanking and now his bond holdings are tanking. Idk his bonds % but I assume his investment adviser allocated more of his portfolio to bonds as he was getting closer to retirement age which is typical for “safety” but is not working out now with bond prices diving.
10-27-2023, 11:48 AM
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#46
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10-27-2023, 11:48 AM
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#47
Originally Posted By Silencespeaks⏩
Damn. He would have been alright if he just bought Rolexs instead srsMy brother in law did this for 40 years, just invested DCA in his 401k the whole time and finally retired last year in the middle of stock market tanking and now his bond holdings are tanking. Idk his bonds % but I assume his investment adviser allocated more of his portfolio to bonds as he was getting closer to retirement age which is typical for “safety” but is not working out now with bond prices diving.
10-27-2023, 11:53 AM
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#48
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10-27-2023, 11:54 AM
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#49
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10-27-2023, 12:17 PM
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#50
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VIX on an afternoon moon mission. Will be a big end of day dump, or over the weekend.
10-27-2023, 12:26 PM
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#51
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Originally Posted By Silencespeaks⏩
Not a wage slave, don't hate my job, work from home, low cost of living area, making 6 figures, saving & investing 3k/month, no debt other than 2.6% IR mortgage that's less than 15% of my monthly take home.Maybe you should instead plan for an escape from wagie slave life because another 20-25 years das not it
Some of us are happy with our career choices and where we are in life. Thanks for your advise though sweetie.
I'm naked
10-27-2023, 01:14 PM
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#52
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Originally Posted By OliverHeldens⏩
Can you recommend any place for someone new to study this stuff?You can earn 10x your money by learning how to properly buy and sell before market drops. This separates the upper class from the wagies.
10-27-2023, 01:16 PM
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#53
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My butterfly is coming back to life. I have until Jan.
SPY breakeven prices
$340.75, $379.25
Current SPY price
$409.96
SPY breakeven prices
$340.75, $379.25
Current SPY price
$409.96
10-27-2023, 01:18 PM
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#54
Originally Posted By mulletwarrior⏩
Imaging being one of these reactionaries lollol what are you talking about? Looks like nothing more than normal daily fluctuation.
I doubt there will be an actual crash because we are still in hyperinflation, and hyperinflation will continue to prop up the costs of equtiies
I doubt there will be an actual crash because we are still in hyperinflation, and hyperinflation will continue to prop up the costs of equtiies
10-27-2023, 01:24 PM
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#55
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Originally Posted By leoaa777⏩
Repped... just doubled down on more O.. chit is tanking but im making hundreds of dollars a month just through divvies lmao.Just bought more on my largest dividend position. Averaging down while it’s on sale. Brb 2k /quarter In dividends. Yes please.
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10-27-2023, 01:26 PM
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#56
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Originally Posted By OliverHeldens⏩
I am the biggest doombear on misc, but I think SPY is more likely to bounce up after taking a beating than it is to just keep chasing straight down.VIX on an afternoon moon mission. Will be a big end of day dump, or over the weekend.
Long term, we're going well under SPY $400. Next week, I don't know man.
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10-27-2023, 01:29 PM
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#57
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Originally Posted By TugOfPeace⏩
right around 800 ATM. Never thought i would see O dropping this low. I've been investing in it since the drop in 2020 with the rona. Between O, SCHD, and MO, the divvy train is going strong.how many shares?
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10-27-2023, 01:34 PM
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#58
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Originally Posted By Jms89⏩
Doesn't O mostly have commercial real estate under their management?right around 800 ATM. Never thought i would see O dropping this low. I've been investing in it since the drop in 2020 with the rona. Between O, SCHD, and MO, the divvy train is going strong.
I personally hesitate to put money into commercial real estate, especially during these times.
Everything I post is satire.
Tricknology Grand Master.
10-27-2023, 01:35 PM
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#59
Originally Posted By friesbruh⏩
This isn't actually a bad time to have started the 401k. Would have been worse starting December of 2021 or July of this year. Starting it now and you're relatively in the same position as someone who started theirs in April 2021just started a 401k lime 3 weeks ago.
figures.
figures.
Besides, the main advantages to a 401k are the tax advantages which you're still getting. By the time you can pull from the 401k without penalty none of this sh*t happening now will even matter.
10-27-2023, 01:54 PM
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#60
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Gold crew. I'm doing just fine boyos seeing that gold price shoot up.
I thought the market would start making bigger moves down by now, but I always have to tell myself how manipulated the market is. It's completely its own entity and is completely propped up.
I thought the market would start making bigger moves down by now, but I always have to tell myself how manipulated the market is. It's completely its own entity and is completely propped up.
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