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who is bailing on stocks? #2747203
02/27/20 09:21 PM
02/27/20 09:21 PM
Joined: Jan 2003
Posts: 7,471
Minnesota
Hemi_Joel Offline OP
master
Hemi_Joel  Offline OP
master

Joined: Jan 2003
Posts: 7,471
Minnesota
I don't know how deep of a plunge the market is going to take, but I'm not planning to ride it to the bottom. What do you guys think?


[img]http://i.imgur.com/boeexFms.jpg[/img]
31 Plymouth Coupe, 392 Hemi, T56 magnum
RS23J71
RS27J77
RP23J71
RO23J71
WM21J8A
I don't regret the things I've done. I only regret the things I didn't do.
"Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747204
02/27/20 09:22 PM
02/27/20 09:22 PM
Joined: Dec 2007
Posts: 19,774
Puttin' on the foil in Charles...
not_a_charger Offline
Mr. Big Shot Moparts Moderator
not_a_charger  Offline
Mr. Big Shot Moparts Moderator

Joined: Dec 2007
Posts: 19,774
Puttin' on the foil in Charles...
Buy high, sell low is not a winning formula.


Earning every penny of that moderator paycheck.

DBAP
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747209
02/27/20 09:37 PM
02/27/20 09:37 PM
Joined: Jan 2003
Posts: 1,635
PA
7
70Duster Offline
top fuel
70Duster  Offline
top fuel
7

Joined: Jan 2003
Posts: 1,635
PA
Didn't sell in Oct 1987, didn't sell in 1999/2000, didn't sell in 2008/2009 and not selling in 2020. History tells us that those that continue to buy and hold, and not try to time the market will be richly rewarded.

Re: who is bailing on stocks? [Re: 70Duster] #2747210
02/27/20 09:40 PM
02/27/20 09:40 PM
Joined: Aug 2019
Posts: 9,308
Super Spudsville
Mr PotatoHead Offline
Half Baked
Mr PotatoHead  Offline
Half Baked

Joined: Aug 2019
Posts: 9,308
Super Spudsville
No reason to bail.Especially with the right stocks. I like slow and steady.


STOP POTATO HATE!
Re: who is bailing on stocks? [Re: Mr PotatoHead] #2747212
02/27/20 09:49 PM
02/27/20 09:49 PM
Joined: May 2003
Posts: 6,545
Downtown Roebuck Ont
Twostick Offline
Still wishing...
Twostick  Offline
Still wishing...

Joined: May 2003
Posts: 6,545
Downtown Roebuck Ont
Good time to buy.

What goes down must go up.

Kevin

Re: who is bailing on stocks? [Re: Twostick] #2747219
02/27/20 10:02 PM
02/27/20 10:02 PM
Joined: Jan 2003
Posts: 10,666
North Dakota
6PakBee Offline
I Live Here
6PakBee  Offline
I Live Here

Joined: Jan 2003
Posts: 10,666
North Dakota
I'm sitting tight. In fact, I've discussed buying more stock with my financial adviser now that the prices are depressed.


"We live in a time when intelligent people are being silenced so that stupid people won't be offended".
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747227
02/27/20 10:20 PM
02/27/20 10:20 PM
Joined: Jan 2003
Posts: 8,473
Candler,NC / Myrtle Beach, SC
J
JDMopar Offline
master
JDMopar  Offline
master
J

Joined: Jan 2003
Posts: 8,473
Candler,NC / Myrtle Beach, SC
All of mine is in the power company that I work for. It's dropped a little the last few days....but not like a rock, as other type stocks have. Besides that, I'm collecting and reinvesting a boat load of dividends every quarter.....and ain't giving up that much money by jumping out into some safe fund. twocents

Re: who is bailing on stocks? [Re: JDMopar] #2747237
02/27/20 10:43 PM
02/27/20 10:43 PM
Joined: Jan 2005
Posts: 8,340
Crook County, ILL
Mastershake340 Offline
master
Mastershake340  Offline
master

Joined: Jan 2005
Posts: 8,340
Crook County, ILL
I bet I own some of that power company stock (DUK?). I was just telling a coworker today why are people selling a utility company, could there be an industry less affected by a pandemic in China that might spread here? Maybe I should buy more.
I’ve been putting off investing much of my 2019 Roth contribution and I am now really glad about that, but will need to swallow hard before getting that done before April 15. I also closed out an International stock fund last fall to pay off what was left of my mortgage.
So those two things give me some comfort dealing with the carnage this week and tens of thousands of dollars paper losses I’ve had. But I’ll hang tight and things will recover some day. I focus on companies that pay decent dividends so if nothing else, I’m getting paid while I wait!

Re: who is bailing on stocks? [Re: Mastershake340] #2747239
02/27/20 10:49 PM
02/27/20 10:49 PM
Joined: Jan 2003
Posts: 8,473
Candler,NC / Myrtle Beach, SC
J
JDMopar Offline
master
JDMopar  Offline
master
J

Joined: Jan 2003
Posts: 8,473
Candler,NC / Myrtle Beach, SC
Yep....it's Duk. Most of us that are old, and hostages from other power companies they bought out spell it Dook! laugh2 Utilities are usually a safe haven in stocks when fan

Re: who is bailing on stocks? [Re: JDMopar] #2747258
02/28/20 12:03 AM
02/28/20 12:03 AM
Joined: Jun 2004
Posts: 9,404
Texas
C
carcrazyguy Offline
master
carcrazyguy  Offline
master
C

Joined: Jun 2004
Posts: 9,404
Texas
Nope not bailing at all. I bought quite a bit yesterday....

V (largest position)
XEL ...local electric company
ATO ...local gas company
GOOG
SPY
SDGR (my speculation holding)

Plan to add
AMZN
KO
MO (waiting for $38)

Re: who is bailing on stocks? [Re: carcrazyguy] #2747260
02/28/20 12:23 AM
02/28/20 12:23 AM
Joined: Jan 2003
Posts: 1,908
Nebraska
4
4406bbl Offline
top fuel
4406bbl  Offline
top fuel
4

Joined: Jan 2003
Posts: 1,908
Nebraska
Will be adding,

Amazon
Apple
Msft
Samsung
Some of the stuff that got hit hard but nobody can live without these days.

Re: who is bailing on stocks? [Re: 4406bbl] #2747261
02/28/20 12:27 AM
02/28/20 12:27 AM
Joined: Jan 2003
Posts: 7,471
Minnesota
Hemi_Joel Offline OP
master
Hemi_Joel  Offline OP
master

Joined: Jan 2003
Posts: 7,471
Minnesota
It's falling fast. I'll wait till I see a bottom develop before getting back in.


[img]http://i.imgur.com/boeexFms.jpg[/img]
31 Plymouth Coupe, 392 Hemi, T56 magnum
RS23J71
RS27J77
RP23J71
RO23J71
WM21J8A
I don't regret the things I've done. I only regret the things I didn't do.
"Wise men talk because they have something to say; fools because they have to say something. ~ Plato"
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747265
02/28/20 12:39 AM
02/28/20 12:39 AM
Joined: Jun 2004
Posts: 9,404
Texas
C
carcrazyguy Offline
master
carcrazyguy  Offline
master
C

Joined: Jun 2004
Posts: 9,404
Texas
I am still about 35% cash. I am not looking to find the exact bottom but I hope to get close. I loaded up on Christmas Eve 2018 because it seemed like full scale panic and blood in the streets. I made the mistake of peeling off all of it way to early and missed most of the run up. I still had my best year ever in 2019 because I loaded up that day. This time I am just buying good companies and going to let it ride. I would normally buy AAPL and AMZN but I think the China connection is going to have a longer effect on both of those. I will wait to add those until after earnings (aapl especially)...because I feel it will really take a hit with the China factories and store closures.

Re: who is bailing on stocks? [Re: carcrazyguy] #2747267
02/28/20 01:00 AM
02/28/20 01:00 AM
Joined: Jan 2003
Posts: 1,908
Nebraska
4
4406bbl Offline
top fuel
4406bbl  Offline
top fuel
4

Joined: Jan 2003
Posts: 1,908
Nebraska
I am in no hurry, might even buy some facebook. I got in this current market when the dow hit 6666, not the bottom but close. If I don't get in this time its no big deal, but watching. My managed accounts have been selling stuff off out the ying yang the last few days, so the pros are bailing, and telling you to stay and hold on the tv, like they always do.

Re: who is bailing on stocks? [Re: 4406bbl] #2747269
02/28/20 01:15 AM
02/28/20 01:15 AM
Joined: Jan 2003
Posts: 9,100
Tucson, AZ
Ramrod39 Offline
My New Title
Ramrod39  Offline
My New Title

Joined: Jan 2003
Posts: 9,100
Tucson, AZ
Just going to ride it out. It always comes back.

Re: who is bailing on stocks? [Re: Ramrod39] #2747276
02/28/20 06:24 AM
02/28/20 06:24 AM
Joined: Mar 2007
Posts: 2,126
Mobile Al
H
hemirdrnnr Offline
top fuel
hemirdrnnr  Offline
top fuel
H

Joined: Mar 2007
Posts: 2,126
Mobile Al
SO.CO here love those quarterly payments. The only time price seems to matter is when you buy or when you sell everything else is just back ground noise. LOL popcorn

Re: who is bailing on stocks? [Re: Hemi_Joel] #2747277
02/28/20 06:50 AM
02/28/20 06:50 AM
Joined: Dec 2007
Posts: 19,774
Puttin' on the foil in Charles...
not_a_charger Offline
Mr. Big Shot Moparts Moderator
not_a_charger  Offline
Mr. Big Shot Moparts Moderator

Joined: Dec 2007
Posts: 19,774
Puttin' on the foil in Charles...
Originally Posted by Hemi_Joel
It's falling fast. I'll wait till I see a bottom develop before getting back in.


You were considering bailing, and now you're going to try to time the bounce? shruggy Now is the time to buy. You're already buying at a discount right now. Plenty of $$ to be made right now.

I'm down about $130k across our investment accounts,and if were weren't already maxed out on my 401k and our Roths, I'd be increasing my contributions. I'm going to up the contributions to our 529 plans instead, because there is no contribution limit on those. My wife doesn't have a 401k, since she is a public school teacher. She has a pension, and also an annuity that earns about 4%, and it drives me nuts to see it sit there and make almost nothing, even though it's insulated from downturns like this.


Earning every penny of that moderator paycheck.

DBAP
Re: who is bailing on stocks? [Re: Hemi_Joel] #2747279
02/28/20 07:21 AM
02/28/20 07:21 AM
Joined: Jan 2006
Posts: 8,162
USA
3
360view Offline
Moparts resident spammer
360view  Offline
Moparts resident spammer
3

Joined: Jan 2006
Posts: 8,162
USA
Currencies?

Is the USA dollar going to go up or down
relative to the paper money issued by other countries?

Red Chinese Yuan +/-

Taiwan +/-

Iranian Rial +/-

Canadian dollar?

Buy when others are emotionally fearful
Sell when others are emotionally greedy
... does that apply to paper money?

Re: who is bailing on stocks? [Re: 360view] #2747290
02/28/20 08:55 AM
02/28/20 08:55 AM
Joined: Jan 2007
Posts: 924
Chicago
rocksmopar Offline
super stock
rocksmopar  Offline
super stock

Joined: Jan 2007
Posts: 924
Chicago

Wait a week and buy not sell...


Looking for affordable Cuda parts
Re: who is bailing on stocks? [Re: rocksmopar] #2747298
02/28/20 09:26 AM
02/28/20 09:26 AM
Joined: Jun 2004
Posts: 3,365
St. Charles, MO
wingman Offline
Uncreative Title
wingman  Offline
Uncreative Title

Joined: Jun 2004
Posts: 3,365
St. Charles, MO
Panicking is never good financial advice.


1969 Dodge Coronet Super Bee 383 A4
1970 Plymouth Road Runner 440 FC7 (sold)
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