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Started By
Message
re: Anybody cashing out when Dow hits 30K?
Posted on 11/24/20 at 10:29 am to SloaneRanger
Posted on 11/24/20 at 10:29 am to SloaneRanger
quote:
Having said that, I don't think we are going to see 30k anytime soon.
Good call
3
Posted on 11/24/20 at 10:30 am to JohnnyKilroy
Is it time to pull out now?
Posted on 11/24/20 at 10:30 am to JohnnyKilroy
Posted on 11/24/20 at 10:30 am to BarberitosDawg
Sold everything this morning. Putting half in the mattress and the rest buried in mason jars in the backyard
Posted on 11/24/20 at 10:49 am to JohnnyKilroy
quote:
Having said that, I don't think we are going to see 30k anytime soon.
Good call
Posted on 11/24/20 at 12:50 pm to LSURussian
I work with a guy who loves to throw around "my financial advisor" all the time. He let it slip the other day that he ought to get back in soon. With an astonished look, I asked him why and when he got out? He said his financial advisor told him to on March 25th. As of today, he has missed out on about 44% gains since the day he got out.
I could not freaking believe the words coming out of his mouth.
I could not freaking believe the words coming out of his mouth.
Posted on 11/24/20 at 12:59 pm to TheWiz
quote:
Is it time to pull out now?
Posted on 11/24/20 at 1:12 pm to TheWiz
Posted on 11/24/20 at 1:15 pm to THRILLHO
Nary a time have I seen that meme used in reference to the stock market, only to wenches.
Regards,
jim
This post was edited on 11/24/20 at 1:16 pm
Posted on 11/24/20 at 1:21 pm to TheWiz
quote:An excellent example why market timing is usually a losing approach to investing. It's almost as if nobody really knows what the market is going to do in the near future.
He let it slip the other day that he ought to get back in soon. With an astonished look, I asked him why and when he got out? He said his financial advisor told him to on March 25th. As of today, he has missed out on about 44% gains since the day he got out.
Or, as Warren Buffett once replied when the Dow Jones Average closed above 10,000 for the first time and he was asked in which direction, up or down, was the next 1,000 point move in the Dow Jones going to be?
He said, "I have no idea if the next 1,000 point move on the Dow Jones is going to be up or down. But I know with almost 100% certainty which direction the next 10,000 point move will be.....UP."
Posted on 11/24/20 at 1:23 pm to Jag_Warrior
"looking good, billy ray!"
"feeling good, louis!"
"feeling good, louis!"
Posted on 11/24/20 at 1:35 pm to TheWiz
Imagine paying someone for advice like that.
Posted on 11/24/20 at 1:46 pm to cgrand
quote:I'm going out at 31763
I’m cashing out when it hits 31762
YMMV
YOLO
Posted on 11/24/20 at 1:46 pm to TheWalrus
quote:
Imagine paying someone for advice like that.
He probably didn't pay for that advice. The advisor probably just wasn't effective in talking him off the ledge.
Posted on 11/24/20 at 1:57 pm to JohnnyKilroy
quote:
He probably didn't pay for that advice. The advisor probably just wasn't effective in talking him off the ledge
You might be surprised.
Retirement Advisors of America is an example of “advisors” that routinely give such advice.
Posted on 11/24/20 at 4:27 pm to James_Wilson
Just asked him if he had gotten back in since we last talked. Said his FA said to wait for the next correction. :sadnana:
Posted on 11/24/20 at 6:23 pm to TheWiz
Did you tell him to fire the FA tomorrow morning?
Posted on 11/24/20 at 9:32 pm to JohnnyKilroy
If this guy isn't picking up what I'm putting down, then he probably can't be helped. I feel bad for him.
Posted on 11/24/20 at 11:37 pm to PillPusher
quote:
I don't think we are going to see 30k anytime soon.
quote:
Because 3% is impossible right? It’s not like it’s 25% from where we’re at. We could hit it tomorrow.
quote:
Posted on 11/22/20
Posted on 11/25/20 at 5:25 am to BarberitosDawg
I have never seen so much interest for something quite so downvoted?
I can only surmise that the goals of these few and the bulk of amassed holdings made this a timely exit. I doubt they return into the market and work on ways to give it all away.
My situation is not that deep and I will not be exiting at this time. With what's coming at some point it's anybody's guess?
This stated I cant wait to share the gaggle of opined views this thread has presented with the group. (sic)
I can only surmise that the goals of these few and the bulk of amassed holdings made this a timely exit. I doubt they return into the market and work on ways to give it all away.
My situation is not that deep and I will not be exiting at this time. With what's coming at some point it's anybody's guess?
This stated I cant wait to share the gaggle of opined views this thread has presented with the group. (sic)
This post was edited on 11/25/20 at 5:43 am
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