Forum
»
**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
09-26-2022, 07:28 AM
-
#361
- Destor
- Registered User
-
- Destor
- Registered User
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 41
- Posts: 43,481
- Rep Power: 254906
-
-
Good time to go to Europe if you can stomach the risks, I have some colleagues who are headed to Italy etc right now
Times like these should make you seriously appreciate what we have in North America with this huge swath of land packed with natural resources under the purview of two strongly democratic nations who share the longest land border and are great allies and friends, which is all in stark contrast to other parts of the globe.
Times like these should make you seriously appreciate what we have in North America with this huge swath of land packed with natural resources under the purview of two strongly democratic nations who share the longest land border and are great allies and friends, which is all in stark contrast to other parts of the globe.
09-26-2022, 07:53 AM
-
#362
09-26-2022, 08:27 AM
-
#363
- 2020Wellness
- Author/Trainer
-
- 2020Wellness
- Author/Trainer
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 14,775
- Rep Power: 55757
-
-
Originally Posted By heiltrump2024⏩
The people saying to stay in cash are probably buying in behind the scenes.most people these days are saying to stay cash but these dips are nice. likely to see even lower after earnings?
trainingwithryan.substack.com
09-26-2022, 08:49 AM
-
#364
- Destor
- Registered User
-
- Destor
- Registered User
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 41
- Posts: 43,481
- Rep Power: 254906
-
-
There's likely no rush to get in, we're nowhere near through this yet
Don't want to put all your eggs in one basket though so it could be time to start nibbling while preparing to average down harder in potential further drops
Don't want to put all your eggs in one basket though so it could be time to start nibbling while preparing to average down harder in potential further drops
09-26-2022, 08:57 AM
-
#365
- Carbonfibre
- Rubber Banding
-
- Carbonfibre
- Rubber Banding
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 15,122
- Rep Power: 53107
-
-
Its more than likely that sellers want to renter higher at 3850-3900 for next leg down.
Oversold bounce is logical but that phukery that went down overnight with british pound is not good.
The fact this got almost to June lows and not test it...not good sign that bottom is in yet.
From mid October to start of Nov you will have tons of earnings before the next FOMC Nov 3rd.
On top of this there is CPI report in 2 weeks.

lot of earnings next month.

Oversold bounce is logical but that phukery that went down overnight with british pound is not good.
The fact this got almost to June lows and not test it...not good sign that bottom is in yet.
From mid October to start of Nov you will have tons of earnings before the next FOMC Nov 3rd.
On top of this there is CPI report in 2 weeks.

lot of earnings next month.

09-26-2022, 09:50 AM
-
#366
- ujelly
- Registered User
-
- ujelly
- Registered User
- Join Date: Jan 2011
- Age: 43
- Posts: 618
- Rep Power: 4037
-
-
Originally Posted By 2020Wellness⏩
Why would anyone buy right now? The housing market crash hasn't even got underway, rumor is Xi jingping is under house arrest, currencies around the world are crashing, putin is ramping up for another go at Ukraine, the auto industry is about to have zero buyers, the fed is openly saying they are raising rates more, openly saying until unemployment gets higher which hasn't even started yet, we haven't seen bad quarterly earnings reports which are eventually coming, this is pretty much the first cold week in Europe and wait till heating bills start coming in.The people saying to stay in cash are probably buying in behind the scenes.
Why would anyone buy right now ?
09-26-2022, 10:09 AM
-
#367
- Carbonfibre
- Rubber Banding
-
- Carbonfibre
- Rubber Banding
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 15,122
- Rep Power: 53107
-
-
well you have to look at it in terms of timelines.
some here are investing 5-10 years out.
atm yeah it doesn't make sense to buy if you plan on holding under 1 year or 2.....until Fed does pivot or pause on hikes.
there is zero and I mean zero indication they are even close to pause let alone pivot.
bear markets tend to last more than 1 year...
process is same
fed hikes = dxy up , 10 year yield up
compared to previous bear markets........
2000-2003

2007-2009

right now

some here are investing 5-10 years out.
atm yeah it doesn't make sense to buy if you plan on holding under 1 year or 2.....until Fed does pivot or pause on hikes.
there is zero and I mean zero indication they are even close to pause let alone pivot.
bear markets tend to last more than 1 year...
process is same
fed hikes = dxy up , 10 year yield up
compared to previous bear markets........
2000-2003

2007-2009

right now

09-26-2022, 10:23 AM
-
#368
09-26-2022, 10:23 AM
-
#369
- taf1968
- RIP GST
-
- taf1968
- RIP GST
- Join Date: Dec 2007
- Location: Littleton, Colorado, United States
- Age: 58
- Posts: 36,424
- Rep Power: 251035
-
-
Originally Posted By ujelly⏩
As Carbon mentioned . . . timeline. Nothing says this time will be like the others but, historically, bear markets are short lived in the grand scheme of things and are followed by significant bull markets. So if you are investing for long term and you think that this relatively ugly period will likely be followed (at some point) by a pretty significant rip--then you might start scaling in to take advantage of that. Trade some short term risk/pain for a payoff later.Why would anyone buy right now? The housing market crash hasn't even got underway, rumor is Xi jingping is under house arrest, currencies around the world are crashing, putin is ramping up for another go at Ukraine, the auto industry is about to have zero buyers, the fed is openly saying they are raising rates more, openly saying until unemployment gets higher which hasn't even started yet, we haven't seen bad quarterly earnings reports which are eventually coming, this is pretty much the first cold week in Europe and wait till heating bills start coming in.
Why would anyone buy right now ?
Why would anyone buy right now ?
The tech bubble was the end and we were going into a literal depression. Then 9/11 was the end. Then 2008 housing crash was the end. The COVID was the end. Now, we have this to deal with. Will it be a depression and take decades for the market to recover? Maybe--history says probably not. Check back in about 5 years and see.

*MFC Elder Statesmen Cabinet Crew*
**Distal Bicep Rupture Crew (Feb 2013)** -- recovery log: http://forum.obnoxiousbrutes.com/showthread.php?t=151942933
**Extreme Dips Crew** - http://forum.obnoxiousbrutes.com/showthread.php?t=136113651
09-26-2022, 10:41 AM
-
#370
- 2020Wellness
- Author/Trainer
-
- 2020Wellness
- Author/Trainer
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 14,775
- Rep Power: 55757
-
-
Originally Posted By ujelly⏩
There are MANY people who never stop buying. I'm one of them.Why would anyone buy right now? The housing market crash hasn't even got underway, rumor is Xi jingping is under house arrest, currencies around the world are crashing, putin is ramping up for another go at Ukraine, the auto industry is about to have zero buyers, the fed is openly saying they are raising rates more, openly saying until unemployment gets higher which hasn't even started yet, we haven't seen bad quarterly earnings reports which are eventually coming, this is pretty much the first cold week in Europe and wait till heating bills start coming in.
Why would anyone buy right now ?
Why would anyone buy right now ?
I'm in the business of accumulating stocks and bonds. They're on sale and only decreasing in price.
The question is, why wouldn't I be buying?
trainingwithryan.substack.com
09-26-2022, 10:58 AM
-
#371
- Destor
- Registered User
-
- Destor
- Registered User
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 41
- Posts: 43,481
- Rep Power: 254906
-
-
There are other risks to consider depending on your outlook, we could be headed for a prolonged period where rules of thumb established over the last 20-30 years may not apply to the next 20-30.
Likely all of us have spent our adult lives existing in a period of unprecedented growth and low inflation fueled by globalization and helped by China working hard to bring hundreds of millions of its citizens out of rural poverty. We're currently staring down the barrel of deglobalization, unwinding this experiment that has been underway for the last few decades, and increased emphasis on domestic manufacturing and energy security under the specter of foreign entities like Russia and China presenting huge risks for the democratic world.
I suspect this will be inflationary in nature and disruptive to existing supply chains, which could necessitate higher interest rates for much longer than most expect. If you watch legislation tabled in the US, like the Inflation Reduction Act, these things are extremely hostile to China and existing supply chains.
It's entirely possible we get a real Black Swan event, like China making a move on the country that produces most of the world's semiconductors.
Likely all of us have spent our adult lives existing in a period of unprecedented growth and low inflation fueled by globalization and helped by China working hard to bring hundreds of millions of its citizens out of rural poverty. We're currently staring down the barrel of deglobalization, unwinding this experiment that has been underway for the last few decades, and increased emphasis on domestic manufacturing and energy security under the specter of foreign entities like Russia and China presenting huge risks for the democratic world.
I suspect this will be inflationary in nature and disruptive to existing supply chains, which could necessitate higher interest rates for much longer than most expect. If you watch legislation tabled in the US, like the Inflation Reduction Act, these things are extremely hostile to China and existing supply chains.
It's entirely possible we get a real Black Swan event, like China making a move on the country that produces most of the world's semiconductors.
09-26-2022, 11:19 AM
-
#372
- RobParks2M
- mad hatter
-
- RobParks2M
- mad hatter
- Join Date: Nov 2016
- Posts: 17,300
- Rep Power: 92038
-
-
Originally Posted By 2020Wellness⏩
Why tf you buying bonds bruh??There are MANY people who never stop buying. I'm one of them.
I'm in the business of accumulating stocks and bonds. They're on sale and only decreasing in price.
The question is, why wouldn't I be buying?
I'm in the business of accumulating stocks and bonds. They're on sale and only decreasing in price.
The question is, why wouldn't I be buying?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
09-26-2022, 11:20 AM
-
#373
- 2020Wellness
- Author/Trainer
-
- 2020Wellness
- Author/Trainer
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 14,775
- Rep Power: 55757
-
-
Originally Posted By RobParks2M⏩
Just a standard percentage of my weekly DCA. 15% into BND.Why tf you buying bonds bruh??
trainingwithryan.substack.com
09-26-2022, 11:26 AM
-
#374
- ujelly
- Registered User
-
- ujelly
- Registered User
- Join Date: Jan 2011
- Age: 43
- Posts: 618
- Rep Power: 4037
-
-
Originally Posted By 2020Wellness⏩
Why wouldn't you ? Because you know it's going down or at the very least staying the same for a little while. No harm sitting on the sidelines.There are MANY people who never stop buying. I'm one of them.
I'm in the business of accumulating stocks and bonds. They're on sale and only decreasing in price.
The question is, why wouldn't I be buying?
I'm in the business of accumulating stocks and bonds. They're on sale and only decreasing in price.
The question is, why wouldn't I be buying?
Now as far as dca , I'm a construction worker and not a investor like some of you guys. I will only invest once and it will be a large amount for me. Not what you guys consider a large amount. I will only buy once and need to maximum the little I do put in. I don't have a bunch of discretionary cash to invest all the time. I put the money in my company's 401k March
09-26-2022, 12:01 PM
-
#375
- 2020Wellness
- Author/Trainer
-
- 2020Wellness
- Author/Trainer
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 14,775
- Rep Power: 55757
-
-
Originally Posted By ujelly⏩
We're using totally different strategies. Also, it's actually very ineffective to buy the dip versus investing money regularly. Investing regularly wins out much more often then buying the dip does over time.Why wouldn't you ? Because you know it's going down or at the very least staying the same for a little while. No harm sitting on the sidelines.
Now as far as dca , I'm a construction worker and not a investor like some of you guys. I will only invest once and it will be a large amount for me. Not what you guys consider a large amount. I will only buy once and need to maximum the little I do put in. I don't have a bunch of discretionary cash to invest all the time. I put the money in my company's 401k March
Now as far as dca , I'm a construction worker and not a investor like some of you guys. I will only invest once and it will be a large amount for me. Not what you guys consider a large amount. I will only buy once and need to maximum the little I do put in. I don't have a bunch of discretionary cash to invest all the time. I put the money in my company's 401k March
I'm investing 20% of my weekly income every week, that's my strategy. On top of that I'm maxing my ROTH every year, so that's another $500.00 a month. On top of that, I'm choosing to go in with saved cash when I see fit.
As an example, I went in with about 80% of my saved cash stash when the market crashed in 2020. Those buys are still in the green and I've been making dividends and reinvesting those dividends constantly.
Remember, time in the market is a powerful concept. You should definitely not just invest one time, that's a losing approach.
trainingwithryan.substack.com
09-26-2022, 12:09 PM
-
#376
- DrFeeIGood
- Registered User
-
- DrFeeIGood
- Registered User
- Join Date: Feb 2008
- Posts: 9,233
- Rep Power: 29563
-
-
Originally Posted By 2020Wellness⏩
I'm buying index funds right now as well. If I have leftover cash, why not. The market is on sale. Might take awhile but i'm 25 years from retirement. It is scary some days though lol.We're using totally different strategies. Also, it's actually very ineffective to buy the dip versus investing money regularly. Investing regularly wins out much more often then buying the dip does over time.
I'm investing 20% of my weekly income every week, that's my strategy. On top of that I'm maxing my ROTH every year, so that's another $500.00 a month. On top of that, I'm choosing to go in with saved cash when I see fit.
As an example, I went in with about 80% of my saved cash stash when the market crashed in 2020. Those buys are still in the green and I've been making dividends and reinvesting those dividends constantly.
Remember, time in the market is a powerful concept. You should definitely not just invest one time, that's a losing approach.
I'm investing 20% of my weekly income every week, that's my strategy. On top of that I'm maxing my ROTH every year, so that's another $500.00 a month. On top of that, I'm choosing to go in with saved cash when I see fit.
As an example, I went in with about 80% of my saved cash stash when the market crashed in 2020. Those buys are still in the green and I've been making dividends and reinvesting those dividends constantly.
Remember, time in the market is a powerful concept. You should definitely not just invest one time, that's a losing approach.
09-26-2022, 12:16 PM
-
#377
- Destor
- Registered User
-
- Destor
- Registered User
- Join Date: Apr 2012
- Location: Alberta, Canada
- Age: 41
- Posts: 43,481
- Rep Power: 254906
-
-
Yeah it's beyond difficult to time a single transaction like that, usually better to do things in chunks at certain intervals
I'll throw this in here though, it's the S&P overlaid with effective federal funds rate
https://en.macromicro.me/collections...est-rate-sp500
Note where the index actually bottoms relative to the interest rate moves -- we've never seen a market bottom while the Fed is in the process of hiking. They're hiking because the economy is overheated, we might see another big bear market rally if next earnings come in really good.
They're going to hike until something breaks, they'll pause and reassess, and I think that will be the bottom. Even that might be optimistic if history is any indicator.
I'll throw this in here though, it's the S&P overlaid with effective federal funds rate
https://en.macromicro.me/collections...est-rate-sp500
Note where the index actually bottoms relative to the interest rate moves -- we've never seen a market bottom while the Fed is in the process of hiking. They're hiking because the economy is overheated, we might see another big bear market rally if next earnings come in really good.
They're going to hike until something breaks, they'll pause and reassess, and I think that will be the bottom. Even that might be optimistic if history is any indicator.
09-26-2022, 12:19 PM
-
#378
- 2020Wellness
- Author/Trainer
-
- 2020Wellness
- Author/Trainer
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 14,775
- Rep Power: 55757
-
-
Originally Posted By DrFeeIGood⏩
Das it mane!I'm buying index funds right now as well. If I have leftover cash, why not. The market is on sale. Might take awhile but i'm 25 years from retirement. It is scary some days though lol.
It is scary at times, but if you're always buying, it isn't near as scary as going in only once.
What funds are you buying? My primaries are VOO, VUG, VYM, and BND.
trainingwithryan.substack.com
09-26-2022, 01:09 PM
-
#379
- RobParks2M
- mad hatter
-
- RobParks2M
- mad hatter
- Join Date: Nov 2016
- Posts: 17,300
- Rep Power: 92038
-
-
Originally Posted By 2020Wellness⏩
But why buy BND when you know with 100% certainty it’s going to keep going down with more and more hikes. It doesn’t make any sense. It’s down 16% YTD…as a bond fund.Das it mane!
It is scary at times, but if you're always buying, it isn't near as scary as going in only once.
What funds are you buying? My primaries are VOO, VUG, VYM, and BND.
It is scary at times, but if you're always buying, it isn't near as scary as going in only once.
What funds are you buying? My primaries are VOO, VUG, VYM, and BND.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
09-26-2022, 01:21 PM
-
#380
- Carbonfibre
- Rubber Banding
-
- Carbonfibre
- Rubber Banding
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 15,122
- Rep Power: 53107
-
-
Originally Posted By RobParks2M⏩
He wants to cost average down I suppose. Shouldn't be issue if you're slowly adding.But why buy BND when you know with 100% certainty it’s going to keep going down with more and more hikes. It doesn’t make any sense. It’s down 16% YTD…as a bond fund.
That being said writing is on the wall Fed isn't walking back shiit.
Also there is probably outside chance that they will intervene in currency markets, strong USD dollar is gonna be problem. (they already manipulate it anyways)
If anyone read that wiki of Plaza Accord that I posted way above.
09-26-2022, 01:42 PM
-
#381
- dopamine72
- Endorphin Junkie
-
- dopamine72
- Endorphin Junkie
- Join Date: Apr 2009
- Location: California, United States
- Posts: 32,991
- Rep Power: 228656
-
-
Nobody playing FUBO still?
Its been my biggest money maker as of late
Lefty WYA? Hope you got out when it was above $30 !!!!!
Its been my biggest money maker as of late
Lefty WYA? Hope you got out when it was above $30 !!!!!
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
09-26-2022, 01:49 PM
-
#382
- Carbonfibre
- Rubber Banding
-
- Carbonfibre
- Rubber Banding
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 15,122
- Rep Power: 53107
-
-
what exactly are you playing on FUBO other than hoping some shorts cover ?
this company is going toward penny stock status.
Fubo tv threw everything at Premier league rights.
Ask DAZN how that worked out for them.

this company is going toward penny stock status.
Fubo tv threw everything at Premier league rights.
Ask DAZN how that worked out for them.

09-26-2022, 02:02 PM
-
#383
- dopamine72
- Endorphin Junkie
-
- dopamine72
- Endorphin Junkie
- Join Date: Apr 2009
- Location: California, United States
- Posts: 32,991
- Rep Power: 228656
-
-
[QUOTE=Carbonfibre post_id=1668498583]what exactly are you playing on FUBO other than hoping some shorts cover ?
this company is going toward penny stock status.
Fubo tv threw everything at Premier league rights.
Ask DAZN how that worked out for them.
[img]https://i.imgur.com/fWG4sFe.png[img][/QUOTE]Been day trading / swing trading doing well
You think its gon go to zero then? lol
this company is going toward penny stock status.
Fubo tv threw everything at Premier league rights.
Ask DAZN how that worked out for them.
[img]https://i.imgur.com/fWG4sFe.png[img][/QUOTE]Been day trading / swing trading doing well
You think its gon go to zero then? lol
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
09-26-2022, 02:11 PM
-
#384
- Carbonfibre
- Rubber Banding
-
- Carbonfibre
- Rubber Banding
- Join Date: Aug 2010
- Location: State / Province, Canada
- Posts: 15,122
- Rep Power: 53107
-
-
Have you seen FUBO financial statements?
They are burning cash in dumpsters.
negative cash flow.
negative profit margin.
you are basically playing around with shorts that sometime decide to cover.
that company in tight fed market won't even survive to finance their debt till next June/July unless Fed pivots.
They are burning cash in dumpsters.
negative cash flow.
negative profit margin.
you are basically playing around with shorts that sometime decide to cover.
that company in tight fed market won't even survive to finance their debt till next June/July unless Fed pivots.
09-26-2022, 02:13 PM
-
#385
- RobParks2M
- mad hatter
-
- RobParks2M
- mad hatter
- Join Date: Nov 2016
- Posts: 17,300
- Rep Power: 92038
-
-
Originally Posted By Carbonfibre⏩
Seems likely they move to devalue the dollar. Obviously too much strength becomes a bad thing.He wants to cost average down I suppose. Shouldn't be issue if you're slowly adding.
That being said writing is on the wall Fed isn't walking back shiit.
Also there is probably outside chance that they will intervene in currency markets, strong USD dollar is gonna be problem. (they already manipulate it anyways)
If anyone read that wiki of Plaza Accord that I posted way above.
That being said writing is on the wall Fed isn't walking back shiit.
Also there is probably outside chance that they will intervene in currency markets, strong USD dollar is gonna be problem. (they already manipulate it anyways)
If anyone read that wiki of Plaza Accord that I posted way above.
Still, not sure why bonds would be the play when each hike lowers the value of the bond itself. Wait until Fed has made it clear hikes are done or that cuts are on the table. Until then only bond I buy is IBOND
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
09-26-2022, 02:34 PM
-
#386
- dopamine72
- Endorphin Junkie
-
- dopamine72
- Endorphin Junkie
- Join Date: Apr 2009
- Location: California, United States
- Posts: 32,991
- Rep Power: 228656
-
-
Originally Posted By Carbonfibre⏩
Yes I saw, thanks for the info bruhHave you seen FUBO financial statements?
They are burning cash in dumpsters.
negative cash flow.
negative profit margin.
you are basically playing around with shorts that sometime decide to cover.
that company in tight fed market won't even survive to finance their debt till next June/July unless Fed pivots.
They are burning cash in dumpsters.
negative cash flow.
negative profit margin.
you are basically playing around with shorts that sometime decide to cover.
that company in tight fed market won't even survive to finance their debt till next June/July unless Fed pivots.
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
09-26-2022, 03:19 PM
-
#387
- headturner1
- User title
-
- headturner1
- User title
- Join Date: Jan 2012
- Location: Washington, United States
- Age: 18
- Height: 6'5"
- Weight: 282 lbs
- Posts: 22,836
- Subscribers: 9
- Rep Power: 318078
-
-
Originally Posted By RobParks2M⏩
I was buying bnd monthly throughout 2021.. total fukin bullchit man, never again with bond funds..But why buy BND when you know with 100% certainty it’s going to keep going down with more and more hikes. It doesn’t make any sense. It’s down 16% YTD…as a bond fund.
If you want bonds, just buy legit corporate or treasury bonds
09-26-2022, 05:31 PM
-
#388
- chickenbroccoli
- Registered User
-
- chickenbroccoli
- Registered User
- Join Date: May 2015
- Posts: 5,971
- Rep Power: 7623
-
-
Thinking SPY will break through these YTD lows.
Could it be profitable to roll down CCs to the bottom which is forecasted around 3,300. Make a profit rolling down and out by reducing cost basis until the bottom is reached. Then close out the CC and stay long for the ride back up.
Was thinking start out by selling puts until the price gets low enough to be assigned. By then should get a start on a lower cost basis from the strike the shares are assigned.
Could it be profitable to roll down CCs to the bottom which is forecasted around 3,300. Make a profit rolling down and out by reducing cost basis until the bottom is reached. Then close out the CC and stay long for the ride back up.
Was thinking start out by selling puts until the price gets low enough to be assigned. By then should get a start on a lower cost basis from the strike the shares are assigned.
09-26-2022, 06:04 PM
-
#389
- ujelly
- Registered User
-
- ujelly
- Registered User
- Join Date: Jan 2011
- Age: 43
- Posts: 618
- Rep Power: 4037
-
-
Originally Posted By 2020Wellness⏩
I don't want to come off as argumentative. It's just awesome you are investing. I spend 6 percent of my check ok my company's 401k. They Match 50 cents on the dollar and pay a decent divided. I can get company match up to 10 or 15 percent of my check . My goal is to eventuly get to that point. I have a chunk of money I'm going to Invest that I got from something else , not work money. I'm going to Invest that in crypto when bitcoin hits 13k. It's not a lot of money so I will throw it on some alt coin.We're using totally different strategies. Also, it's actually very ineffective to buy the dip versus investing money regularly. Investing regularly wins out much more often then buying the dip does over time.
I'm investing 20% of my weekly income every week, that's my strategy. On top of that I'm maxing my ROTH every year, so that's another $500.00 a month. On top of that, I'm choosing to go in with saved cash when I see fit.
As an example, I went in with about 80% of my saved cash stash when the market crashed in 2020. Those buys are still in the green and I've been making dividends and reinvesting those dividends constantly.
Remember, time in the market is a powerful concept. You should definitely not just invest one time, that's a losing approach.
I'm investing 20% of my weekly income every week, that's my strategy. On top of that I'm maxing my ROTH every year, so that's another $500.00 a month. On top of that, I'm choosing to go in with saved cash when I see fit.
As an example, I went in with about 80% of my saved cash stash when the market crashed in 2020. Those buys are still in the green and I've been making dividends and reinvesting those dividends constantly.
Remember, time in the market is a powerful concept. You should definitely not just invest one time, that's a losing approach.
09-26-2022, 07:15 PM
-
#390
- 2020Wellness
- Author/Trainer
-
- 2020Wellness
- Author/Trainer
- Join Date: Feb 2007
- Location: Minnesota, United States
- Posts: 14,775
- Rep Power: 55757
-
-
Originally Posted By ujelly⏩
You don't sound like you're arguing at all. It's awesome you're putting in and you should do everything you can to maximize your employee match program. If you're not doing that, you're essentially throwing away free money. If it means cutting costs in the home, do it. Whatever it takes because the more that time passes, the less time your money has to work for you.I don't want to come off as argumentative. It's just awesome you are investing. I spend 6 percent of my check ok my company's 401k. They Match 50 cents on the dollar and pay a decent divided. I can get company match up to 10 or 15 percent of my check . My goal is to eventuly get to that point. I have a chunk of money I'm going to Invest that I got from something else , not work money. I'm going to Invest that in crypto when bitcoin hits 13k. It's not a lot of money so I will throw it on some alt coin.
Also, I have open BTC orders for 12.5k
. Right there with ya.trainingwithryan.substack.com
Bookmarks
-
- Digg
-
- del.icio.us
-

- StumbleUpon
-
-
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts