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re: Stock Market is about to drop 20-40% - are you nervous?
Posted on 9/18/22 at 7:47 pm to davidsheroes
Posted on 9/18/22 at 7:47 pm to davidsheroes
If you believe that why would you be nervous when you could get rich from it?
0
Posted on 9/18/22 at 9:37 pm to davidsheroes
"The stock market crash is [Trump, Climate Change, and/or some combination Racism, Sexism Transphobia etc. -MSM"
Posted on 9/18/22 at 9:42 pm to davidsheroes
Been placing my money in building a small farm on my property. Also, a whole bunch of seeds, ammo, and fresh water.
Posted on 9/18/22 at 9:50 pm to Billzbobo
quote:
Yeah, you can go to cash. Why lose it in the market and take the inflation hit?? I'd rather just take the inflation hit only.
This always makes me laugh.
Scenario 1: Invest $100 that will lose 20% and then get hit with 18% inflation.
Outcome = you now have $65
Scenario 2: Sit on $100 and get hit with 18% inflation.
Outcome = you now have $82.
I’m not happy with either but if those are my options I’ll stick with scenario 2 and use the $17 to invest when the dust settles.
Inflation is going to screw us no matter what you do, no reason to compound a bad situation by investing in a market with incredible headwinds and a clueless administration running things in DC.
Posted on 9/18/22 at 10:31 pm to shoelessjoe
quote:
Morons on the left would have you believe this is all Trumps fault.
Go read the comments on Facebook on an anti Biden article. They truly believe everything is so bad all because of Trump and Biden is having to pass all these bills to fix it. Absolutely retarded people.
Posted on 9/18/22 at 10:36 pm to davidsheroes
I knew this was going to happen over a year ago. Nothing to do but try to ride it out.
Posted on 9/18/22 at 10:48 pm to tide06
Ypu can also limit the damage of inflation by controlling your spending habits. I'm nursing an old car, cooking all of my meals at home, streaming movies instead of going to the theatre, getting my hair cut at a new barber, drinking beer on a friends porch instead of going out and taking cheap trips to stay with friends and family instead of full blown vacations. All of that sucks - FJB - but it has at least softened the blow.
There's nothing you can do to control the stock market. You either pull your money out (often with tax consequences) or you watch it rise and fall while sweating.
It's like the difference between driving a car and sitting in the back of a plane.
Posted on 9/18/22 at 11:27 pm to davidsheroes
I’ve been going cash the last month. Set sell orders at higher prices to capitalize on variability but I’ve liquidated about 20% so far of non retirement holdings.
Posted on 9/19/22 at 2:44 am to AUFANATL
quote:
All of that sucks
Sounds like good living to me.
Posted on 9/19/22 at 8:38 am to davidsheroes
How low can it go?
Posted on 9/19/22 at 8:42 am to davidsheroes
Only a tick down for now.
Posted on 9/19/22 at 8:42 am to davidsheroes
Buy, buy, buy.
Posted on 9/19/22 at 8:45 am to mtb010
Same here
Posted on 9/19/22 at 8:47 am to Townedrunkard
quote:
Go read the comments on Facebook on an anti Biden article. They truly believe everything is so bad all because of Trump and Biden is having to pass all these bills to fix it. Absolutely retarded people.
Bot farms activated
Posted on 9/19/22 at 8:52 am to AndyCBR
quote:
I guess the metals market is pretty good but you can't eat gold.
Ha! Y'all are Saps! I bought $350,000 on August 11, 2020. You can quickly detect that point on the price graph because it was 24 hours after the highest peak. It's been steadily downhill since. About -20%
Posted on 9/19/22 at 8:56 am to FluffyBunnyFeet
quote:
I've missed two "bottoms" before because I could never gauge where the bottom actually was, so I'm just steady buying on the way down this time.
That's smart!
Posted on 9/19/22 at 9:02 am to tide06
quote:
Scenario 1: Invest $100 that will lose 20% and then get hit with 18% inflation.
Outcome = you now have $65
Scenario 2: Sit on $100 and get hit with 18% inflation.
Outcome = you now have $82.
Or do like smart investors and keep cash, reverse index funds and buy as the market drops then make bank when it recovers eventually.
Posted on 9/19/22 at 9:04 am to tide06
quote:
Scenario 1: Invest $100 that will lose 20% and then get hit with 18% inflation.
Outcome = you now have $65
Scenario 2: Sit on $100 and get hit with 18% inflation.
Outcome = you now have $82.
quote:
Scenario 1: Invest $100 that will lose 20% and then get hit with 18% inflation.
Outcome = you now have $65
Scenario 2: Sit on $100 and get hit with 18% inflation.
Outcome = you now have $82.
There are two problems with this. Tax implications make scenario #2 worse than you portray. And no one knows that the market is going down. If I knew the market was going down this year, not only would I have not done scenario 1, but I would have shorted and made a fortune. That's scenario 3, and it's way better than 1 or 2...if only I knew.
Posted on 9/19/22 at 9:16 am to Bulldogblitz
quote:
In a mattress
I used to work with a Vietnamese guy right after college. We became baws and one day we were going to grab lunch and he asked me to come help him with a dining room light.
After I got him fixed up, he said "hey, come have a look". He moved his mattress out of the way and there was $400K in cash money under his mattress in a false compartment
He escaped VN on a bamboo raft and headed to Singapore. When asked why he kept that much cash under his mattress, he said he didn't trust banks
Hope he never has a fire.Posted on 9/19/22 at 9:19 am to FluffyBunnyFeet
picking a bottom is tough - in my experience it's more difficult than picking a peak
buying on the way down is buying at a discount if the market does what it has always done in the past - rise to new levels. Just don't know when that will be. No one can predict with persistent accuracy the market peaks or bottoms. Don't expect to be able to do so yourself. I learned the hard way by missing out on several profitable market rallies
Remember the old adage:
Bulls make money
Bears make money
Pigs get slaughtered
buying on the way down is buying at a discount if the market does what it has always done in the past - rise to new levels. Just don't know when that will be. No one can predict with persistent accuracy the market peaks or bottoms. Don't expect to be able to do so yourself. I learned the hard way by missing out on several profitable market rallies
Remember the old adage:
Bulls make money
Bears make money
Pigs get slaughtered
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