You have such lovely thick skin.
All joking aside get that gone. Been there for a couple times.
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- Thread starter Warstud
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All joking aside get that gone. Been there for a couple times.
So nice and up are we still blaming the 100 day man? Wait! Squirrel!!!
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Zee09
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Even if it doesn't make cents let alone dollars they still forge on.....
Back in February I got the gut feeling the market was going to drop, and I went all cash. I missed a lot of the drop. I bought back in, and the market dropped some more. But its coming back up.
If you are a trader, you can never catch the very tops or bottoms for your trades. But if you can get out for much of the downhill slides, and get back on for the upward climbs, you should beat the market. Being 2% down is better than being 8% down.
If you are a trader, you can never catch the very tops or bottoms for your trades. But if you can get out for much of the downhill slides, and get back on for the upward climbs, you should beat the market. Being 2% down is better than being 8% down.
Zee09
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I just ride the waves and sometimes take a respit....if I get stuck I just wait for a better day.....if none comes I engineer an escape route and learned never to be all in...
I was wondering how you made out, I remember everybody getting on you when you sold out . That was a once in a lifetime call
. I wouldn't try repeating that again . You had to saved yourself a ton of cash .
Hey 1% down scares me. I’m weak
Zee09
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The minute I get in, if it ain't going up I'm ticked off. I have been ticked off a lot lately
I came off a few months where I could do no wrong and got spoiled and detached from reality.
had I stayed in, not sold anything and rode it through, I would be down 8% right now from the day I sold. One of the things I sold was Tesla in the mid 300s. I got back in, mostly with QQQ and VOO, and recently picked up some Verizon common and Pfizer common. I bought those stocks because they had dividend yields of 6.5% and over 7% and adequate cash flow to support those dividend yields.
From the day I decided to sell, I am down 2% instead of 8% had I done nothing. I am 78 years old and am fortunate to have made some good investments over the years. At my present level of expenses, I don't think I will ever "run out" of retirement money. But still, avoiding a loss of about $40K means that there will be more money in the pot when I finally kick the bucket and my estate is distributed to favorite charities and young folks.
From the day I decided to sell, I am down 2% instead of 8% had I done nothing. I am 78 years old and am fortunate to have made some good investments over the years. At my present level of expenses, I don't think I will ever "run out" of retirement money. But still, avoiding a loss of about $40K means that there will be more money in the pot when I finally kick the bucket and my estate is distributed to favorite charities and young folks.
BAC preferred ex-dividend today
7000 shares in a single account make it look red. Paper only for sure
7000 shares in a single account make it look red. Paper only for sure
Zee09
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When I sell I figure out an amount upfront I'm good with. Yeah sometimes you sell too cheap but you can hold out and get soaked and it sounds to me, you avoided the drama
Get 'er done!
Die with money! Start or contribute to generational wealth. Perhaps hammer the value of long term investing to your heirs. That's where I'm at. Not sure it's working; to many seem to think the $$ just appears in your Schwab, or whatever, account. And your houses just ended up in your name overnight.
I am leaving a good portion of my estate to folks who are presently minor children. At this time, I am also funding 529 plans for these kids. I hope that part of their educations will include some financial related knowledge. Just handing a young person some money without them having the knowledge to appreciate what it can do for them means they may blow it away on frivolous thrills.
And there are no fools like old fools. I had a friend who, at 78, refinanced his house and put the money in a "precious metals fund". to avoid "collapse of the US dollar". It turned out that the metals fund is more of a Ponzi scheme. I don't think there is any gold or silver in any vault backing his "investment". He just died after a sudden diagnosis of Stage 4 pancreatic cancer. So he "cleverly" transformed his estate from a debt free home and nest egg to a mortgaged home and no nest egg.
Many Seniors seem to fall for doomsday financial advice. These advisors are not fiduciaries, and many are con men.
i suggest mortgaging everything you own to the max you can borrow, and use the proceeds to build yourself a magnificent private mausoleum with only one crypt....one for you and you alone.
It will be a sad day for all when you pass.
Numbers weren't bad .Amzn
