*Investors Blog*

[JeffKeryk]

I really like @Dave Hess comment on moving towards conservative, less risk strategies as you approach retirement age. Don't get greedy, especially if you have enough.
A portion of my portfolio is pretty darn conservative and I made a concerned effort to minimize my recurring costs. This is my solid foundation. So darn conservative it makes me mad!
The other stuff has been very rewarding but is not considered essential.

 

[doitmyself]

Thank you Dave Hess. I know the very, very basics of investing - the Reader's Digest version. Higher risk when young and dialing down risk towards retirement are part of that well know basic cook book system. Based on my workplace, most people are clueless about retirement investing. Pick a plan and go with it. Some, like me, put in a small amount of effort and meet with an advisor to follow their basic recommendations/suggestions. I meet twice annually to review my portfolio and make adjustments (long and short term). Still, we lay people rely on the advice of advisors from places like Fidelity, Vanguard, Schwab, TIAA, etc.. Some pay independent advisors 1 - 2% to manage their funds.

I admire what you presented, but I really doubt the vast majority of us could duplicate it. And some, sadly, probably get burned following tidbits of internet advice. Again, thanks for the information you share. I find this stuff mind boggling.

 

[Dave Hess]

doitmyself and Jeff,

There’s a very big difference between the young folks trading their stimulus checks (lost almost everything and went back to playing video games) and folks who worked / invested over 35 years and now have a substantial nest egg.

Just keep your eyes open to what’s happening in the USA and around the globe. Lots of bad things not being reported on the major news networks.

 

[doitmyself]

Just keep your eyes open to what’s happening in the USA and around the globe. Lots of bad things not being reported on the major news networks.

I agree with you, the writing is on the wall. Global pandemic followed by global impacting war is devastating. What do you know that we don't? Even our mediocre media hints at the domino effect getting ready to start tumbling due to the combined global events. I still see some people blaming one person in the U.S. for all of our woes, yet they ignore stuff like the current lock downs in numerous Asian countries - the foundation of OUR supply chain. Duh!! People don't comprehend the effects of the European war - future energy and agriculture production problems are all over the news.

 

[Warstud]

I think we reached a good trading bottom here and depending on how the Market acts tomorrow I may jump aboard. This isn't a Buy & Hold bottom.

 

[Cujet]

And Warren Buffett is "buying" today...

 

[Dave Hess]

I think some folks are getting antsy and heading for the exits.

Cold hard cash on the sidelines is very prudent with soooo much bad news on the horizon.

*** Expect a major rug pull later this year ! ***

 

[Warstud]

 

[Warstud]

And Warren Buffett is "buying" today.

I was surprised to hear he didn't buy any stocks during the Covid Crash. Unbelievable huh ?

 

[Pablo]

I was surprised to hear he didn't buy any stocks during the Covid Crash. Unbelievable huh ?

He's old.

 

[Jimmy_Russells]

I think some folks are getting antsy and heading for the exits.

Cold hard cash on the sidelines is very prudent with soooo much bad news on the horizon.

*** Expect a major rug pull later this year ! ***

Chicken Little has entered the chat

If you’re that confident a market that is 20% down in six months is going to continue, why are you not shorting/inversing everything?

 

[Dave Hess]

Chicken Little has entered the chat

If you’re that confident a market that is 20% down in six months is going to continue, why are you not shorting/inversing everything?

Jimmy,

I‘ve said a few posts ago that…..”I’ve done some -3X inverse trading and up a little YTD with everything down from their all time highs.”

I had a record breaking day yesterday, my best trading day YTD.

Yes, I am confident things will keep dropping.

 

[Warstud]

Friday is Options Expiration. Yippie....more volitility

 

[awguy]

He's old.

And generally wise. Been around the block a few times.

 

[Pablo]

And generally wise. Been around the block a few times.

Twas kidding

 

[Warstud]

Twas kidding

Maybe kidding but not lying.

 

[Warstud]

I think we reached a good trading bottom here and depending on how the Market acts tomorrow I may jump aboard. This isn't a Buy & Hold bottom.

This still holds......that was the 7th weekly decline plus the market recovered from a 600 point decline. I wouldn't be short now and expect a big rally soon.

 

[Warstud]

I had a good day.....I was expecting the Nasdaq to up more though.

 

[joekingcorvette]

You need to have enough money on the sidelines to get by without selling anything. If you don't need the money in the next 12 months don't sell anything. This market will turn around just like it always does. There is way to much negativity on this thread. Where I live people are still buying cars, building houses, and going to work. I am retired but there are help wanted signs everywhere I go. The market right now is like buying clothes on sale and it will only go so low and there won't be any good deals left once the whales suck up all the bargains.

 

[JeffKeryk]

You need to have enough money on the sidelines to get by without selling anything. If you don't need the money in the next 12 months don't sell anything. This market will turn around just like it always does. There is way to much negativity on this thread. Where I live people are still buying cars, building houses, and going to work. I am retired but there are help wanted signs everywhere I go. The market right now is like buying clothes on sale and it will only go so low and there won't be any good deals left once the whales suck up all the bargains.

I agree with your "sell" advice. This is a market cycle that has been triggered by the 2+ year thing and Putin's war.
One thing: the stock market is not the economy. Companies are crying for people. My fear is if the Fed drops interest rates too low too fast and slows the economy too much.

If a portfolio contains mainly high risk stuff, it will be affected correspondingly. TSLA was $1200 in January and is under $700 now. It was $95 January 2020.
Full disclosure, I have a big chunk of volatile stock. Down BIG dollar value, but is balanced with conservative products. Even though it is down YTD, over the last 3 years and further, the volatile stuff has generated a handsome return. I have held a lot of it over 20 years.

I ain't doing anything and I sleep like a baby. A blip on the radar...