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Started By
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re: Anyone thinking of exiting the market for a few months?
Posted on 8/26/22 at 2:50 pm to Aubie Spr96
Posted on 8/26/22 at 2:50 pm to Aubie Spr96
If the Feds are really targeting 2% inflation, there's going to be a lot more pain to come.
2
Posted on 8/26/22 at 2:53 pm to MrLSU
Not selling anything. 401k contributions stay the same, Roth same, been stock piling cash that otherwise would have gone into regular account for a while now. I’m ready, crash this thing to middle earth (as long as I get to keep my job)
Posted on 8/26/22 at 2:59 pm to MrLSU
Why? I’ll continue to max my 401k, Roth, and HSA instead of trying to be some guru. History is on my side not yours.
Posted on 8/26/22 at 3:01 pm to rocksteady
quote:
Not selling anything. 401k contributions stay the same, Roth same, been stock piling cash that otherwise would have gone into regular account for a while now. I’m ready, crash this thing to middle earth
quote:
rocksteady
You just hyped me the frick up bro!
Posted on 8/26/22 at 3:01 pm to MrLSU
Another trolling thread brought to us from OT/PT folks.
Posted on 8/26/22 at 3:23 pm to Aubie Spr96
quote:
I'll never understand why the naysayers get downvoted on this board as much as they do? It's just a differing opinion.
I think hyperbole gets downvoted more than anything else, regardless of whether it’s bull/bear case.
Posted on 8/26/22 at 3:38 pm to sawtooth
Same... Been out since January... except for the XOM that the family has had since it was Standard Oil of Ohio.
I'm 62.. my portfolio isn't getting cut in half again.
I'm 62.. my portfolio isn't getting cut in half again.
Posted on 8/26/22 at 3:49 pm to Aubie Spr96
thanks for that link.. pretty much spot on.
Posted on 8/26/22 at 4:05 pm to MrLSU
quote:
SQQQ calls
Posted on 8/26/22 at 4:12 pm to ronricks
quote:
Why? I’ll continue to max my 401k, Roth, and HSA instead of trying to be some guru. History is on my side not yours.
I’m not continuing to not max out my SEP, HSA, or (I’m not eligible for Roth). Those will still be max’d out but I’m thinking of waiting to buy back in around the end of 24 while I’m up on everything so I can reenter at a lower price and enjoy even higher returns.
GRIN is really the main one I’m going back & forth on as to dumping because it’s so ridiculously undervalued right now but I can see it dropping back down to 15 or 16 in Dec.
The foreclosure problem is going to be massive. Spoke with two CEO’s over the last couple of days who are well known in the default and servicing space and both said the defaults are going to be worse than 2008 levels thanks to the foreclosure moratoriums, consumers new credit card debt load due to soaring energy costs, and global financial crisis starting to take hold.
Posted on 8/26/22 at 4:12 pm to slackster
quote:
I think hyperbole gets downvoted more than anything else, regardless of whether it’s bull/bear case.
This right here... Anyone who says the market is heading for a historic upswing/downswing in X months is going to be wrong the majority of time. Hell people post those topics every week
Posted on 8/26/22 at 5:16 pm to Bestbank Tiger
Lets see if it pays off...
Posted on 8/26/22 at 5:17 pm to LSUregit
quote:
If the Feds are really targeting 2% inflation, there's going to be a lot more pain to come.
I hope you understand that 2% is the Fed's long term AVERAGE target for inflation. Their goal is not to get inflation back to 2% ASAP. They are okay with inflation over 2% during shorter timeframes. Shorter timeframes could be years when you are thinking on a long term horizon (ex. 50+ years).
Posted on 8/26/22 at 5:22 pm to MrLSU
So how will you know when it’s time to get back in?
Posted on 8/26/22 at 5:33 pm to MrLSU
I went cash with 33% of my equities. The other part, I'm letting ride.
I don't know why, but it gives me some peace of mind whichever way the market goes.
I don't know why, but it gives me some peace of mind whichever way the market goes.
Posted on 8/26/22 at 5:48 pm to MrLSU
quote:
The foreclosure numbers are really moving into historic ranges once again too.
How? Would have to be truly incompetent to foreclose with the amount of equity 99% of people have
Posted on 8/26/22 at 5:53 pm to MrLSU
Stocks are a terrible investment for tomorrow but fantastic for 10 years
Posted on 8/26/22 at 6:37 pm to MrLSU
Husss has been sounding this alarm since 2016.
Posted on 8/26/22 at 6:57 pm to hombreman9
quote:Me, I did similar but it cost me about 10 percent. Wont make the same mistake again. It is hard, but you just cant do it.
I called the top in early 2020. Went 100% cash. Made a big post about it here. Didn’t buy back in in time and basically broke even, ending up where I would have been if I had just stayed invested. Not advice, just saying it may not work out like you think it will.
Posted on 8/26/22 at 7:09 pm to MrLSU
quote:
I’m seriously thinking about pulling my money out and parking it into mmf because we are very likely to see to massive downturn in the market that rivals 2008.
You can hedge to the downside if you are confident in your assessment things are going to get significantly worse. Liquidity is becoming an issue and then economy is softening.This administration continues to spend its way out of an inflationary cycle that is an unusual move (Inflationary Reduction Act and now $300 billion to reward people for not being more successful/fulfilling obligations). I have bought puts on the overall market. Having said that, there are long buying opportunities and DCAing is how I am handling those purchases. I think many of my purchases currently are designed for 12 month holds, so anything I am buying into weakness is discounted.
I am not good enough to time the market. The only way I can accurately predict a bottom is when I think I should sell everything. I have been able to gauge several tops when making massive % purchases and left holding bags. Much like football wagering, predicting tops and bottoms is something I just cannot do, so I quit trying.
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