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re: Anyone getting out of market?

Posted on 9/4/21 at 11:21 am to
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 11:21 am to
Thanks for the actual helpful advice and perspective. Much appreciated.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 9/4/21 at 11:24 am to
Seriously go get some literature on options hedging and convexity. It doesn’t take a lot of money to cover your arse for a long time.
Posted by Hopeful Doc
Member since Sep 2010
14962 posts
Posted on 9/4/21 at 11:35 am to
quote:

If I can miss a big drop and buy in at a lower point that math works better for me.



That math works better for everyone.

If you could kindly let me know when the next high and low will be in prospect instead of retrospect, I’d appreciate it. I think I’ll sell on the peak and buy at the low, too.
Posted by Pendulum
Member since Jan 2009
7047 posts
Posted on 9/4/21 at 11:35 am to
quote:

Sounds like you think the economy is great and there are no financial issues currently

we just had a total collapse in Afghanistan I guess you missed


I'm not sure if you're replying to my post or someone else lmao, what does any of this have to do with my post. You are all over the place. Go to the poli board if you want to talk politics.

The last time the fed spoke at Jackson hole, powell got hawkish. All the bank heads are already hawkish. A taper is in the cards. They are slow rolling the language out to the markets. I guess your thesis is there's alot of bad news out there that may or may not have anything to do with lending rates, so fed won't taper?

Also taxes do effect "maximum possible gains" so again, I would consider that.

Good luck with timing the the big drop, and getting out of the market while not being in cash or going to cash with your potential emergency fund. Nothing you say makes alot of sense my friend, that is why you are getting downvoted. I yield the floor.
This post was edited on 9/4/21 at 11:39 am
Posted by beaverfever
Little Rock
Member since Jan 2008
32681 posts
Posted on 9/4/21 at 11:50 am to
quote:

The amount of down votes is funny. The jealousy is real apparently. I thought this was a money board for talking about money.
100k in an extra brokerage account isn't getting this forum worked up. They think the topic is worn out. I'm guessing you also got dinged for being specific about the amount of money in question when it wasn't relevant and didn't come with context.
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 11:51 am to
I’m not looking to sell at the top and buy at the bottom smart arse. No one can time it perfectly. I’m looking to minimize loss by asking about the probability of a foreseeable decline or plateau. I look at this like Japanese stocks in 2000. There were signs there that it was unsustainable but no one wanted to see it. Im asking about taking gains which financial investors recommend all the time. All I’m doing is getting a feel for the thoughts of the herd. If everybody says it can only go up that’s actually a sell sign to me because most people are dumb money to be honest.
This post was edited on 9/4/21 at 12:08 pm
Posted by MusclesofBrussels
Member since Dec 2015
4474 posts
Posted on 9/4/21 at 11:54 am to
quote:

The downvotes are probably because every week or so since the creation of this board someone posts that they are moving to cash because the market has topped, or they see a coming correction, and not a single time has anyone been right.


Bingo. 100K in a brokerage isn't making this board jealous, actually kind of a sad assumption.
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 11:59 am to
The fact that you think politics has nothing to do with economics or monetary policy tells me I should ignore your advice. Thanks for yielding.
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 12:00 pm to
Okay. So this isn’t really a board about talking about money. Just seeing the same 10 topics never change. Now I know the downvotes are just assholes like you. Thanks for the clarification.
This post was edited on 9/4/21 at 12:02 pm
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 12:04 pm to
So if the money is 3k versus 3 million has no bearing or context? Seems reasonable.
Posted by Pendulum
Member since Jan 2009
7047 posts
Posted on 9/4/21 at 12:06 pm to
Don't think the fed is meeting and going over the afghan withdrawal buddy. You specifically pointed out that you didn't think the fed was going to taper when everything is pointing at the train starting to roll in the other direction. That is really the only thing I addressed, but keep making shite up. Then you attack half the people replying to your pointless as fk thread.



I'd leave a rap quote here at this point but I'm not retarded.

This post was edited on 9/4/21 at 12:07 pm
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 12:10 pm to
So national morale doesn’t effect spending and investment? Better tell Michigan to stop that consumer confidence survey they do annually. Good thing to know the Fed doesn’t consider anything happening in the world outside of jobs reports. You may not be retarded but you seem obtuse.
This post was edited on 9/4/21 at 12:11 pm
Posted by Pendulum
Member since Jan 2009
7047 posts
Posted on 9/4/21 at 12:32 pm to
You got it all figured out, not even sure why you are here. Consumer confidence is gonna pop this bubble while the fed sits and never tapers(nevermind what they are actually saying), so best take all your taxable gains now and sit in cash and wait for the pullback you're not trying to time while the fed never tapers. I'm not gonna sit here and fight with you about things I never suggested. Good luck.
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 12:36 pm to
Did anyone ever tell you your tone could use improvement?
Posted by Pendulum
Member since Jan 2009
7047 posts
Posted on 9/4/21 at 12:56 pm to
You started it.

You insulted the MT, so I came in hot.
This post was edited on 9/4/21 at 1:00 pm
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 1:06 pm to
I get it. I’m really just trying to get a feel for what others are thinking but the “you’re dumb and should never sell” or “you shouldn’t put any actual numbers” thing isn’t helpful at all. I expect more than advice you can get on any beginners investing podcast from this board. Maybe that’s the problem.
This post was edited on 9/4/21 at 1:09 pm
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4414 posts
Posted on 9/4/21 at 1:49 pm to
quote:

So if the money is 3k versus 3 million has no bearing or context? Seems reasonable.
Whether 3k or 3 million, the fact you're soliciting opinions here is what matters.

It's what tells us where on the self-perceived wealth spectrum you are, and in that sense the absolute amount is irrelevant.
This post was edited on 9/4/21 at 1:50 pm
Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 2:23 pm to
That makes no sense. You can seek advice for totally different reasons and the amount of money is related to risk and other relative outcomes. I occasionally get good information from here. Asking advice does not define your degree of assets.
This post was edited on 9/4/21 at 2:41 pm
Posted by FinleyStreet
Member since Aug 2011
7901 posts
Posted on 9/4/21 at 3:48 pm to
quote:

I think you are missing that I want to make the highest potential return


What do you think the rest of us are trying to do?

quote:

If I can miss a big drop and buy in at a lower point that math works better for me.


Posted by Drizzt
Cimmeria
Member since Aug 2013
12873 posts
Posted on 9/4/21 at 3:56 pm to
Honestly some people are willing to take a smaller return for well defined risk. Why do you think anyone buys bonds? Many are NOT trying to get the highest return. These responses are starting to get ridiculous.
This post was edited on 9/4/21 at 4:14 pm
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