Yeah your right I'm preserving capital , I highly doubt the utilities can keep performing like they are now . They're going to reach a point where the PE is way out of whack but they sure been on fire . I said at the beginning of the year I can see a 30 to 35% correction coming, we're halfway there on the NASDAQ. And I think that down the s&P are going to catch up quick.
Investing Strategies. What is your move?
- Thread starter PimTac
- Start date
Current investment position out of the market no trust of confidence in the current market!
I would only do such a thing if my portfolio was junk.
Several times in my 40 years of investing I've thought I should "borrow a Million dollars and invest it". I could afford to pay the interest and the stock market was going gang-busters. I'd be rich in no time.
And each time shortly afterwards the stock market cratered and I was really glad I hadn't done it.
Now, every time I start thinking I should borrow a million dollars and invest it, I know the stock market has about peaked.
I paid off my mortgage 5 years after building my first house. We've moved several times since then, always for career reasons, and always into a nicer house. And paid the difference in cash. Haven't had a mortgage payment (or a car payment either) since about 1984. The lack of big payments offers new opportunities. You can take more chances, like resigning from a safe but boring job and moving into something risky - which turned out to be the best thing I ever did.
That reminds me of the old story about Joseph Kennedy Sr., who supposedly said he knew it was time to get out of the stock market in 1929 when shoeshine boys began giving him stock tips.
Allegedly one of the ways he built his fortune was by selling short just before the crash hit, and as it continued.In all seriousness I'm pondering leaving my job and cashing out my 401(k), company pension (by getting a lump sum), everything, and then hunkering down, because I think it's all really going to hit the fan. Talking about investments long-term doesn't make sense when you look at global events and the inflation here in the US.
Zee09
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I took a respite several months ago.
Dumped a whole bunch of anxiety and life is good.
I will return someday but not now.
That reminds me of the old story about Joseph Kennedy Sr., who supposedly said he knew it was time to get out of the stock market in 1929 when shoeshine boys began giving him stock tips.
Yep and on the opposite end when you hear everyone saying they will never invest in stocks again, then that is a clue to start getting back in.
We have not seen such capitulation in 40 some odd years.
One year I didn't know what to do with my retirement savings.
I bought stripped coupons with half. Had several that ran for 20+ years at 12% and 12.25%. Made out really well with them.
I invested the other half with an investment company that later went broke (the Principal Group). I somehow avoided all their risky investments and picked what turned out to be their best one, and managed to get out even after several years. Whew!
Sometimes you're smart, and sometimes you're lucky. And sometimes you feel lucky if you can get out even.
Well, I stayed the course and things worked out very well. You want overnight? Play the lotto.
You want a sure thing? Play the long game.
Lol , hardly junk . It's called I don't need it to grow . If I was fully invested in the top index funds since Jan 1 it would be down big . Nasdaq is down near 18% S+P 7.5% and Dow down 10% .
Acres I own have exploded up . I don't need Wall Street at age 53 . I heard on the grape vine that wall Street needs buyer's , their not there .
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I like negative sentiment. That's a good time to employ some of that cash that's been sitting. But I think I'll wait for it to get a bit worse first.
My move is no move. I’m a long term total return investor.
Lots of zombie companies will be exposed with rising interest rates and no longer refinancing debt at almost 0%.
40% of companies in Russell 2000 have trouble servicing their debt…..
Will this be the first domino to fall ?
Yeah the Russell is already down 13% year over year and 13.5 year to date. There is only a few companies that high interest rates don't affect. That's cash Rich companies. Apple IBM , etc . But when things start falling like they are they pull the good ones down with the bad ones. You can pick the good ones up at a bargain but is it a bargain if it stays down for years ?
I had some interesting discussions yesterday with a group of friends. A lot of people have no idea how to save money. They complain about prices going up but still buy the same stuff anyway rather than adapt.
I mentioned that it might get a whole lot worse. A lot of younger people were listening in as we shared tips on eating cheaper and saving on other things.
I mentioned that it might get a whole lot worse. A lot of younger people were listening in as we shared tips on eating cheaper and saving on other things.
I understand your fears. However I would ask you to remember all that has happened in the world and in this country since the late 1920’s. This includes inflation and deflation, global conflict, pandemics, etc.
Yet the United Sates has managed to increase the standard of living by every measure. If you doubt me please read The Rise And Fall of American Growth by Robert J. Gordon and Present At The Creation by Dean Achesion.
I truly believe our best days are ahead of us. To paraphrase Warren Buffet: “Don’t bet against America.”
For more gems from Mr Buffett please read this:
https://www.ruleoneinvesting.com/blog/how-to-invest/warren-buffett-quotes-on-investing-success/
Owen Lucas
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So is TWTR going to become another meme stock, even worse than it is now? I mean will it be worth buying now in anticipation of everyone piling in or the pump is over?
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