Originally Posted by Mr Nice
Originally Posted by Lubener
Originally Posted by Mr Nice
alarmguy,
If that's your views then you need to liquidate everything. Run to the exits....
Why stay in if there's sooo much terrible news on the way ???
You answered all your questions.
They sound like words from someone who doesn't know what he is talking about and getting ready to panic and bail.
Just trying to give my personal advice and help some people here.
Heck, I even post open jobs in the Off Topic section trying to help people. These are not McJobs and actually very good jobs with excellent training, benefits and opportunities. Been posting jobs for approximately 4 years.
Nothing wrong trying to help out.
Yeah, in forums you never know the intent on the person posting. When you posted to me I didnt either and agreed with PinTac 100%.
Nothing wrong in trying to help someone, with that said I wonder if you read my whole post or if the way I wrote it properly explained myself.. Throughout life I have been pretty good judging "society" reactions/actions to events, ect.
Anyway, to cut to the chase, there are and always will be good investments. In my post, my meaning is an opinion on where our economy is heading and no one really knows, past history shows it always rebounding quite nicely.
With that said, this world event was a rule breaker and quite honestly, (TO ME PERSONALLY) its no catastrophic event at all but in this modern age with 24 hour news, that the public at large actually watches for entertainment purposes, hours and hours a day, they still do not know the true facts of any situation because the way its presented is for entertainment, not true hard numbers with explanations.
So I dont think ever in the last few decades Governors across this great country ordered all businesses to close their doors, go out of business (this to me was the event not the virus) and wait to the day they give the green light.
This (TO ME) is a Rule Breaker, governors across the country literally shutting down the economy, this to me is the economic shock, not the virus. I fear, we really do not know if in some unknown way causes a house of cards to start crumbling down or some type of economic shock that was not accounted for. OR at the same time life goes back to merry normal. I think we are going to end up someplace in-between. Yeah, maybe 20+ or more unemployment.
SO to answer your question Mr Nice!!! Let me start off with a question to you!
1. Do you know anyone that has a stock portfolio (IRA etc) that is higher now then in April 1, 2019?
2. I do know one person, I am up in the past year, I was at a point of wanting to be more conservative just based on what I was seeing, I cant really explain it, I dont have the desire to follow every turn in the market, (but its had a good, long hard run up/sooner or later something comes along to correct it) AND at the same time, felt I was getting in with a company that had an ok dividend and to me personally is totally firing on all four cylinders, heck, make that eight cylinders. Its not some get rich overnight stock but in the even of a downturn a safe one.
Best part about this company is my wife and I used to HATE, be Embarrassed to walk in this store and now we see ourselves buying everything from them, lately also onto the online purchases from them, now they are moving into Family Medical practice.
SO for the first time, I bought into a company that I really believed in (as safe) and will be with it for a while in this IRA. this stock is my major holding in this IRA
Sure, like the market its still a bumpy road but I know to me, there is nothing but upside in the future, my only regret is I didnt put every last penny into in. Though on some bad days I still pick a little more up here and there. So this long post is my explanation as to why I dont run to the "exit" for me its not easy to pick a good stock in a good market that you know is nearing a top.
That stock is Walmart.
With everything above said, I see A LOT of things I would like to buy! Good companies that have a product or produce a service. There is a future you know and some seems like bargains but at this point in my life Im sticking with what I know until I have more time some day in my life to follow it more closely.