Started By
Message

re: Anyone thinking of exiting the market for a few months?

Posted on 8/26/22 at 2:50 pm to
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 8/26/22 at 2:50 pm to
If the Feds are really targeting 2% inflation, there's going to be a lot more pain to come.
Posted by rocksteady
Member since Sep 2013
1279 posts
Posted on 8/26/22 at 2:53 pm to
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 by ronricks
Member since Mar 2021
5958 posts
Posted on 8/26/22 at 2:59 pm to
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 by Triple Bogey
19th Green
Member since May 2017
5971 posts
Posted on 8/26/22 at 3:01 pm to
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 by SurfOrYak
BR/MsDelta
Member since Jul 2015
402 posts
Posted on 8/26/22 at 3:01 pm to
Another trolling thread brought to us from OT/PT folks.
Posted by slackster
Houston
Member since Mar 2009
84563 posts
Posted on 8/26/22 at 3:23 pm to
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 by TooSober
AA Meeting
Member since Oct 2015
505 posts
Posted on 8/26/22 at 3:38 pm to
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.
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
2992 posts
Posted on 8/26/22 at 3:49 pm to
thanks for that link.. pretty much spot on.
Posted by Turftoe
Denver
Member since Mar 2016
3885 posts
Posted on 8/26/22 at 4:05 pm to
quote:

SQQQ calls


Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25823 posts
Posted on 8/26/22 at 4:12 pm to
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 by UltimaParadox
Huntsville
Member since Nov 2008
40812 posts
Posted on 8/26/22 at 4:12 pm to
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 by Roy Curado
Member since Jul 2021
952 posts
Posted on 8/26/22 at 5:16 pm to
Lets see if it pays off...
Posted by skewbs
Member since Apr 2008
1998 posts
Posted on 8/26/22 at 5:17 pm to
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 by Dawgfanman
Member since Jun 2015
22146 posts
Posted on 8/26/22 at 5:22 pm to
So how will you know when it’s time to get back in?
Posted by ItzMe1972
Member since Dec 2013
9744 posts
Posted on 8/26/22 at 5:33 pm to
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.
Posted by Billy Blanks
Member since Dec 2021
3746 posts
Posted on 8/26/22 at 5:48 pm to
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 by SlidellCajun
Slidell la
Member since May 2019
10286 posts
Posted on 8/26/22 at 5:53 pm to
Stocks are a terrible investment for tomorrow but fantastic for 10 years
Posted by JKLazurus
Member since Jun 2016
261 posts
Posted on 8/26/22 at 6:37 pm to
Husss has been sounding this alarm since 2016.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56145 posts
Posted on 8/26/22 at 6:57 pm to
quote:

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.

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.
Posted by go ta hell ole miss
Member since Jan 2007
13600 posts
Posted on 8/26/22 at 7:09 pm to
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.
first pageprev pagePage 2 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram