Re: who is bailing on stocks?
[Re: TrackPack]
#2750582
03/09/20 08:53 PM
03/09/20 08:53 PM
|
Joined: Jan 2003
Posts: 7,495 Minnesota
Hemi_Joel
OP
master
|
OP
master
Joined: Jan 2003
Posts: 7,495
Minnesota
|
All things considered.......I'm glad that I bailed out when I did. ME TOO!
[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: carcrazyguy]
#2750583
03/09/20 08:57 PM
03/09/20 08:57 PM
|
Joined: Jan 2003
Posts: 7,495 Minnesota
Hemi_Joel
OP
master
|
OP
master
Joined: Jan 2003
Posts: 7,495
Minnesota
|
Have you thought about trying to find an entry point to get back in if/when your target gets hit? If you like your companies and they are solid, they will most likely rebound since this “panic” is not a financial issues as much as it is a fear driven campaign. I agree with you that in times like these, stock prices are driven more by people's fear then the actual value of the stock. But when stocks get driven to ridiculously high P/E ratios that make no sense whatsoever financially, emotion is driving the market as well. I don't have a plan of exactly how and when I'm going to put my retirement money back into the market. I'd rather be a little late and miss a little bit of opportunity than to be early and lose a big chunk of my principal. I'll just have to watch and be convinced that a bottom has formed and an uptrend has started.
[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: second 70]
#2750585
03/09/20 09:06 PM
03/09/20 09:06 PM
|
Joined: Jan 2003
Posts: 7,495 Minnesota
Hemi_Joel
OP
master
|
OP
master
Joined: Jan 2003
Posts: 7,495
Minnesota
|
Man Caterpillar {CAT} looks tempting down to June 2017 low and yields almost 4 %. 13% lower today @ $105.32 might be time to place a buy with half @ $100 & half @ $95???
Wow MORL is down over 14.5% today! That's a Jan. 2016 low
I jumped into that too early. It is a very volatile fund.
[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: crackedback]
#2750709
03/10/20 10:47 AM
03/10/20 10:47 AM
|
Joined: Jan 2003
Posts: 2,774 St. Louis, Missouri area
Cometstorm
"Beat It"
|
"Beat It"
Joined: Jan 2003
Posts: 2,774
St. Louis, Missouri area
|
Started my investing in 1995 when DOW was around 5500. I sat through recessions, depressions, 911, too many wars (and viruses) to count. The only times I took a big hit (by missing out on huge subsequent gains) is when I bailed. One was prior to the Y2K scare. I forget when the other was. I’m about 20 % cash, widely diversified otherwise. I’m down about 150k (on paper) right now, and I ain’t doing nuffin! This, like all others, will be old news in time.
|
|
|
Re: who is bailing on stocks?
[Re: Cometstorm]
#2750710
03/10/20 10:48 AM
03/10/20 10:48 AM
|
Joined: Feb 2007
Posts: 5,470 Michigan
oldjonny
Don't argue with me.
|
Don't argue with me.
Joined: Feb 2007
Posts: 5,470
Michigan
|
Started my investing in 1995 when DOW was around 5500. I sat through recessions, depressions, 911, too many wars (and viruses) to count. The only times I took a big hit is when I bailed. One was the ore Y2K scare. I forget when the other was. I’m about 20 % cash, widely diversified otherwise. I’m down about 150k (on paper) right now, and I ain’t doing nuffin! This, like all others, will be old news in time. Yup...interesting part it watching the politics of this all...some want it to be down, while others want it to be up. Go figure.
Never, ever argue with an IDIOT. They will drag you to their level and then beat you with their years of experience
|
|
|
Re: who is bailing on stocks?
[Re: carcrazyguy]
#2750714
03/10/20 11:24 AM
03/10/20 11:24 AM
|
Joined: May 2018
Posts: 103 Minnesota
TrackPack
member
|
member
Joined: May 2018
Posts: 103
Minnesota
|
Have you thought about trying to find an entry point to get back in if/when your target gets hit? If you like your companies and they are solid, they will most likely rebound since this “panic” is not a financial issues as much as it is a fear driven campaign. Yes I have, and you are correct about an eventual rebound. I think we're on the same page. I'm not keying on financial indicators, I'm keying on the media. I could see in the first week that they were the root cause of this latest panic.
|
|
|
Re: who is bailing on stocks?
[Re: Cometstorm]
#2750760
03/10/20 02:20 PM
03/10/20 02:20 PM
|
Joined: Jan 2003
Posts: 3,122 Auburn WA
Dave_J
master
|
master
Joined: Jan 2003
Posts: 3,122
Auburn WA
|
Started my investing in 1995 when DOW was around 5500. I sat through recessions, depressions, 911, too many wars (and viruses) to count. The only times I took a big hit (by missing out on huge subsequent gains) is when I bailed. One was prior to the Y2K scare. I forget when the other was. I’m about 20 % cash, widely diversified otherwise. I’m down about 150k (on paper) right now, and I ain’t doing nuffin! This, like all others, will be old news in time. About the same story here. "On paper" my Mutual Funds are DOWN $160,000. Yesterdays drop was $36,000 in a single loss. The ONLY panic I have done, I have suspended my monthly draw off my IRA.
Retired, US ARMY 1973-1994 ASE mechanic, Electrical 1994-1997 Retired GTE/VERIZON/FRONTIER 1997-2015
Posting cheap tech help (CRAP) here since Nov 97, 1000's of posts, some may be good.
03 Suzuki Burgman 650(Burger King) Scooter 65 Formula S Cuda 78 Little Red Express Truck 98 Buick Regal (wifes car)
|
|
|
Re: who is bailing on stocks?
[Re: rrbrucea]
#2750960
03/11/20 11:23 AM
03/11/20 11:23 AM
|
Joined: Feb 2014
Posts: 1,710 central il.
second 70
top fuel
|
top fuel
Joined: Feb 2014
Posts: 1,710
central il.
|
The market was way overvalued for years and any attempt to time it or sit out was punished. Now it's giving back some of the excess. I try to think of it as if my bank made a mistake and gave me money I didn't deserve and then took it back. Yes you could have cashed out big in February but the markets been going up for 10 years so you would have had to guess 1 out of 120 months to sell and then guess when to go back in which is unknown. Hardest thing to do is rebalance. Bonds are high & stock is down so you should be selling some bonds and buying some stock just to get back to your mix goal. Very hard to do! https://www.macrotrends.net/2488/sp500-10-year-daily-chart
Last edited by second 70; 03/11/20 11:59 AM.
|
|
|
Re: who is bailing on stocks?
[Re: mopars4ever]
#2751219
03/12/20 11:26 AM
03/12/20 11:26 AM
|
Joined: Feb 2005
Posts: 20,186 PA.
pittsburghracer
"Little"John
|
"Little"John
Joined: Feb 2005
Posts: 20,186
PA.
|
The only part that scares me and I guess it shouldn't is I'm holding and can wait it out. I have a pension and Social Security to get by on. But at 64 if I should pass away I really don't know the rules re-guarding when my kids would have to cash out my account. I have no Wife to worry about and my Sons are now 28 and 31 so between the house, shop, cars, tools, and truck they both will get something from my estate but I would hate to see them have to "cash out" in bad times.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
|
|
|
Re: who is bailing on stocks?
[Re: pittsburghracer]
#2751224
03/12/20 11:51 AM
03/12/20 11:51 AM
|
Joined: Dec 2003
Posts: 22,696 Bitopia
jcc
If you can't dazzle em with diamonds..
|
If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 22,696
Bitopia
|
My take, its all "paper money" gains anyway, and I believe currently, 82% of the recent gains, have evaporated.
Chickens always, eventually, come home to roost.
Betting otherwise, is never a sure bet.
Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.
|
|
|
Re: who is bailing on stocks?
[Re: pittsburghracer]
#2751236
03/12/20 12:24 PM
03/12/20 12:24 PM
|
Joined: May 2003
Posts: 6,566 Downtown Roebuck Ont
Twostick
Still wishing...
|
Still wishing...
Joined: May 2003
Posts: 6,566
Downtown Roebuck Ont
|
The only part that scares me and I guess it shouldn't is I'm holding and can wait it out. I have a pension and Social Security to get by on. But at 64 if I should pass away I really don't know the rules re-guarding when my kids would have to cash out my account. I have no Wife to worry about and my Sons are now 28 and 31 so between the house, shop, cars, tools, and truck they both will get something from my estate but I would hate to see them have to "cash out" in bad times. If it's just a straight portfolio, not some 401K or similar, nothing says they ever have to cash it out depending on how your will is structured. A will is for all intents and purposes a trust so you just have it structured so that the executor/trustee has the option to liquidate or run the estate. That's how the likes of the Kennedys and Rockefellers do it. Own nothing, control everything. Kevin
|
|
|
|
|