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Started By
Message
re: Anyone getting out of market?
Posted on 9/4/21 at 4:01 pm to Drizzt
Posted on 9/4/21 at 4:01 pm to Drizzt
quote:You've got enough money invested to want advice, but not enough to think you want professional help.
Asking advice does not define your degree of assets.
What actual numbers that correspond to is dependent on your own self-evaluation, and to anyone else, the actual numbers are irrelevant.
This post was edited on 9/4/21 at 4:04 pm
1
Posted on 9/4/21 at 4:07 pm to tokenBoiler
I have a financial advisor. Just met with him last week for tax planning actually. He is more conservative than me and does not like to answer hypotheticals. Like I said earlier, this is fun money for me to play with. I have way more than $100k in assets and investments.
This post was edited on 9/4/21 at 4:10 pm
Posted on 9/4/21 at 4:18 pm to Drizzt
I focus on the underlying business and whether I think it will exist in a decade.
I don’t seem to be able to time purchases and sales perfectly.
I have not found many equities that are compelling buys, but I’ll sell some puts and see where things go.
I can’t see getting 100% out of the market. Other options are not paying much.
I don’t seem to be able to time purchases and sales perfectly.
I have not found many equities that are compelling buys, but I’ll sell some puts and see where things go.
I can’t see getting 100% out of the market. Other options are not paying much.
Posted on 9/4/21 at 4:51 pm to makersmark1
Thank you for a reasonable and helpful response
Posted on 9/4/21 at 5:32 pm to Drizzt
quote:
I’m thinking about selling most of my $100,000 play stock money to buy back in cheaper later (not touching my retirement investments
Why are you only timing the market with play money and leaving your retirement funds in more aggressive plays? Seems like you would want to be more conservative with retirement money than play money. Maybe I have that thought process backward.
Congrats on $100k as play money. I know millionaires that don’t consider $100k to be play money.
Posted on 9/4/21 at 5:57 pm to go ta hell ole miss
I think it’s a generational thing man
The younger you are the more money have the less you take it seriously. For someone my age the prospect of having to live off the money I have in the market is the farthest thing from my mind. You just live off a set amount and everything else goes into investments. It’s all play money
People younger than about 40 are just gonna get the Democrat shot when they can’t work anymore. Retirement won’t exist in 20 years except for people with a lot of money
There’s no sense in putting 10k a year and getting 3% and retiring with 200k. The Dems gonna take that and make you into dog food
The younger you are the more money have the less you take it seriously. For someone my age the prospect of having to live off the money I have in the market is the farthest thing from my mind. You just live off a set amount and everything else goes into investments. It’s all play money
People younger than about 40 are just gonna get the Democrat shot when they can’t work anymore. Retirement won’t exist in 20 years except for people with a lot of money
There’s no sense in putting 10k a year and getting 3% and retiring with 200k. The Dems gonna take that and make you into dog food
Posted on 9/4/21 at 6:15 pm to el Gaucho
I do think you are right about the future. If you were smart and disciplined with investing you will not only not get anything, you’ll be punished. The Dems will put in means testing for Social Security and tax all Roths and 401ks. If you didn’t work for shite your whole life, you’ll be taken care of. I figure I have to save enough to take care of my expenses in retirement entirely and account for a 40% federal tax that’s coming on my accounts.
This post was edited on 9/4/21 at 6:16 pm
Posted on 9/4/21 at 6:41 pm to castorinho
quote:
$100,000 play stock money
quote:
must be nice
Posted on 9/4/21 at 8:58 pm to Drizzt
Looking at cycle counts and patterns in the S & P and Nasdaq (spy and qqq), I expect another pullback around September 16-17 (2.5%-5%) I will be out of all stocks to be safe probably by Thursday September 9 because it could correct a week early. However I expect a correction around 16-17 of September . That is where patterns of correction has been since may and that is end of typical stock count of 30-45 days. Also the VIX (volatility index ) projection is getting high numbers around that time of September 16-17th. I think the market is overall strong but I do expect a minor correction soon.
S & P
I’m thinking around 4590-4600 on S & p we will have about a 2.5% -5% correction
Nasdaq 100
I believe it will get around 15560 and should correct beginning as early as September 9th and as late as September 16-17
Should the Naz 100 correct to 14640 very strong over at 23.6 fib ext or 14320 at 38.2 fib
I will be out of SPY at 457-458
Will be out of qqq about 387 (correction about to happen here)
SPY resistance 452-457
Spy correction between 9-17th to 431 which is 23.6 fib (I think more likely 446 correction)
S & P
I’m thinking around 4590-4600 on S & p we will have about a 2.5% -5% correction
Nasdaq 100
I believe it will get around 15560 and should correct beginning as early as September 9th and as late as September 16-17
Should the Naz 100 correct to 14640 very strong over at 23.6 fib ext or 14320 at 38.2 fib
I will be out of SPY at 457-458
Will be out of qqq about 387 (correction about to happen here)
SPY resistance 452-457
Spy correction between 9-17th to 431 which is 23.6 fib (I think more likely 446 correction)
This post was edited on 9/4/21 at 9:57 pm
Posted on 9/5/21 at 7:34 am to Drizzt
what would you hold if you got out of the market?
25% of the dollars in existence today were added in 2020. meaning your savings account was diluted by ~20% in purchasing power so you can't hold cash unless you're a nut job
please let us know what you plan to do with the cash by getting out the market
25% of the dollars in existence today were added in 2020. meaning your savings account was diluted by ~20% in purchasing power so you can't hold cash unless you're a nut job
please let us know what you plan to do with the cash by getting out the market
Posted on 9/5/21 at 12:11 pm to rocket31
There are a few things out there that pay 5% such as Worthy Bonds but I would plan to reinvest in stocks at a better price point eventually.
frick it. I’m putting it all in Costa Rica tourism bonds. You get 5% annually and use of the resort 2 weeks a year plus I can apply for citizenship. I’m bugging out gents.
Costa Rica bond
frick it. I’m putting it all in Costa Rica tourism bonds. You get 5% annually and use of the resort 2 weeks a year plus I can apply for citizenship. I’m bugging out gents.
Costa Rica bond
Posted on 9/5/21 at 12:43 pm to Drizzt
quote:
I read the board pretty regularly and haven’t seen this topic in the last few months
It comes up often.
We had a red monday a couple weeks ago and there were multiple threads about how we were looking at day 1 of the apocalypse.
Posted on 9/5/21 at 12:44 pm to Drizzt
quote:
tax all Roths and 401ks.
You realize both of these things are already taxed right?
Posted on 9/5/21 at 1:31 pm to Drizzt
I wouldn't put a dollar into CR. the little country has had hell keeping its financial system intact.
Posted on 9/5/21 at 1:47 pm to JohnnyKilroy
He means taxing to pull from Roths on the backend
Posted on 9/5/21 at 1:49 pm to jimbeam
I can't see them double taxing roths, I could see them just ending roths.
Posted on 9/5/21 at 2:02 pm to Drizzt
I’m picking my spots very selectively. I’m putting in way more time making decisions. I’ve spent the entire weekend so far researching and honing down technical analysis that will help me swing. I’m not staying in anything long term. I’m going to just chip away and keep adding them up. It actually adds up pretty fast.
Posted on 9/5/21 at 2:22 pm to Drizzt
T.I.N.A.
What else are you going to do with the money. Bonds are worthless. Can’t make money in the bank. If the market has topped then so has real estate. Where you going to go?
What else are you going to do with the money. Bonds are worthless. Can’t make money in the bank. If the market has topped then so has real estate. Where you going to go?
Posted on 9/5/21 at 2:41 pm to JohnnyKilroy
The whole point of a Roth is not paying taxes when you withdraw the money. I’m obviously talking about the prospect of taxing Roth’s at withdrawal. Please actually think next time before you try to be a smart arse.
This post was edited on 9/5/21 at 2:50 pm
Posted on 9/5/21 at 2:47 pm to Pendulum
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