OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
If that were to happen, what becomes of El Salvador and the companies holding large amount of BTC on their balance sheets?
Wow, PLTR down 16% in pre-market trading. On a positive note, S&P futures now down about 400 was down about 500. Not sure what to do at this point. Not selling as I already have a sizable cash base…. Just not sure if I buy.. but probably will
who knows the likelihood,, but MSTR would have a margin call on their BTC holdings if BTC fell to $21,000.
Completed a round of buying for our E-Trade account. Beautiful day! :)
Will check on my fun account closer to 4pm. Got afternoon work meetings.
Will check on my fun account closer to 4pm. Got afternoon work meetings.
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Hey, I understand your buy, buy philosophy but please don't call these down days beautiful. Lots of people are hurting.
It only hurts if you need to sell. Otherwise, it is just anxiety and emotions.
But yes, if you need to sell and use the money, that hurts. However, in that case, you shouldn't be in equities now anyway. Right?
Not many people think like you. I guess when you’re younger, you just normally don’t look at your 401K account and allow the bi monthly payroll contributions go into your mutual funds/ETF. My nephews don’t even know the markets are going down and I didn’t when I was working and looked at the balances occasionally. However, retirees don’t have the luxuries of contributing every month since they don’t have additional income. Some have to sell stocks to buy other stocks.
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We are contributing/buying every week now. My 401k (every other Friday/Monday) and every paycheck with our extra cash. My wife and I alternate Friday paychecks, which is awesome.
I get it that retirees don't have such a dynamic, but that means their investment plans should be different. The money you need for the next 3-5 years should be in cash or other fixed income options. The money you need in the next 5-10 years and then 10+ years can be invested more aggressively. The bucket approach is the way to go.
We started investing in 2005, so we dealt with 2008/2009. I was definitely like WTF and thought about pushing my account into the stable value option. However, we took some good advice and just stuck with the plan. This paid off big-time and was an amazing lesson to learn.
And that my friend is why the upcoming rally will be rapid and violent. Position yourself well! Look for multipliers and maximize the upswing.
Actually, I don’t need any of my IRA money anymore. When I retired at 53, I had a taxable account of a couple of hundred thousands that I lived on for 12 years. I then started withdrawing and converting to Roth IRA at 59 1/2 years keeping taxes low. At 65, started getting my SS and pension that basically covers my expenses.
I’m just a scared investor or trader. I’ll wait so I don’t have to catch a falling knife.
As I said to Aldo, position yourself well for the upswing. If you don't need the money and believe that the market will go up and hit new ATHs (whether next month, next year, or in 3 years), look for multipliers that will maximize the rally. And I'm not just talking leveraged ETFs, but they are a great option to explore.
Its below 4,000 now. 3,600-3,800 next in a few days. Put in quite a few GTC orders today. Capitulation would normally have at least a 10% addition drop.
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Got any suggestions? All I know of are the leverage ETFs and option strategies.
My big plays are TQQQ and UPRO. Also using the 2x semi and Russell 2K etfs. For other plays, crypto and tech are coupled but it seems like crypto stocks are a multiplier of the Nasdaq. As such, I bought earlier today a small amount of BITQ for about $9.5. It contains about 30 of the top crypto stocks. At this price, it can easily 2x or 3x with a positive Nasdaq market movement (which will happen sooner or later).
I'm sure there are plenty of other examples, just gotta look and review charts.
FYI to all - the S&P oscillator is flashing the most oversold market since 2008/2009 (except for the peak of the COVID scare). No logic in any of this selling. I don't know when, but fear can only rule the market for so long.
May be the turning of the tide. Smart investors will look at that price and say.....okay, time to stop being stupid.
It might, but as we know about the market, fear and silliness always comes to an end sooner or later. That's why the market always goes up in time.
Then again, the market can remain irrational longer than most can remain solvent.
Not the buy and hold investors (especially of funds and etfs). New cash always wins. :)
Nobody was watching Bezo and Musk selling their stocks the last year.
CEOs and insiders sell a record $69 billion of their stock
https://www.cnbc.com/2021/12/01/ceo...are|com.apple.UIKit.activity.CopyToPasteboard
CEOs and insiders sell a record $69 billion of their stock
https://www.cnbc.com/2021/12/01/ceo...are|com.apple.UIKit.activity.CopyToPasteboard
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Bought more TQQQ, UPRO, USD, and UWM. Also started a position in BITQ (as I mentioned above).
Also made an across the board buy for our E-Trade account (8 etfs). It was a nice day for buying!
The huge inflation spike started in April 2021, so now that is the comparator for the YoY calculation. Also a big increase in May 2021, so whether this Wednesday or next month, inflation will start heading down. The most important # is not the topline inflation #, but the core #.
Big money, no whammies! :)
AMZN down 43% from its high of 3,773 to 2175. Almost every analyst forecasted AMZN to $4,300.
I think a 15% decline from here would require a 10-year of 4% or muted earnings growth. Both are possible. Suspect you’d do ok vis a vis prospective returns at these levels, but not extraordinarily well. Market is more fairly priced today.
Very crazy. Especially considering the many, many trillions printed into existence!
Hopefully folks listened to the advice you and I were vehemently trying to share in Dec/Jan. Especially about crypto 😳
Everybody’s their own fortune teller, but what matters is getting it right more than wrong. Hats off to you — your predictions have been on point.
Would love to hear your thoughts on what assets/stocks you’re looking at.
I’m just nibbling at more stable companies that nose-drive. But in my mind, with 5 separate asset classes all reaching bubble levels, still a ways to go down even with the occasional rally & inflation.
My barometer for bottom of market is when Costco hits pre-pandemic levels. You know it’s bad as hell if Costco gets there…
