and got every dime of my retirement money out of stock market.
Those Hetefords down by the pond are looking pretty good this morning
Those Hetefords down by the pond are looking pretty good this morning
Kinda Glad I dumped my 401k
- Thread starter wcfanfourever
- Start date
Might but I doubt it. If I was thirty years younger I would put every dime and any u could scrape up back into stocks when it bottoms and stabilizes.
I am at retirement age and can't afford the risk at this point.
Stocks are way over valued and with all the other crap going on afraid it may get real ugly
I am at retirement age and can't afford the risk at this point.
Stocks are way over valued and with all the other crap going on afraid it may get real ugly
I also like to play craps (and I have a small farm that takes some work but is pretty good income for retirement)
I can't understand people who "sit tight" with stocks. Why in the world don't you want to sell high , take your profit,then buy undervalued stocks?? If I have 1000 shares of P&G at $100 and sell . The stock drops to $50 and I buy back 200 shares with the same money and I get dividends on 200 shares instead of 100.
Investment people preach sitting tight to keep the market from going nuts
I have read numerous times that if you try to time the market in the last 5 years and missed the 10 best individual days, you would have made very little money at all. Those 10 days constituted a significant portion of the market increases.
If you stay diversified and let it ride you will be fine if you believe in the US economy.
Or if you just say screw it and dump your life savings in Biotech, you gonna be rich Bruh.
If you stay diversified and let it ride you will be fine if you believe in the US economy.
Or if you just say screw it and dump your life savings in Biotech, you gonna be rich Bruh.
The problem is the average person isn't equipped to make that sort of judgment. In fact, they time in the exact wrong way - they sell after losses to avoid more pain, and buy too late, chasing after gains that already occurred.
Timing can be defined different ways. I don't consider selling stocks at record highs to be timing. Buying at ultra lows is just smart. I wouldn't call a 2500 pt correction (about 15%) ultra low yet. When a market drops 40-50% that is a great buying opportunity with little risk left on the down side. Trying to squeeze out a few more bucks at record highs is just greedy. Those herefords are awful high too but they do generate a good income stream unlike most stocks. I don't understand the mindset of buying one market and just holding it. There is usually some market that has been battered to death that can be bought cheap (see 2009 stocks). Very few markets have just gone away. Diversity is good if you reallocate from high points to reaverage otherwise you just keep averaging out the high funds and low funds back and forth.
along those lines, emerging markets have taken much more of a beating than the developed world over the past few months
Have you ever owned any Apple stock or really any of the stock market in the past 2 years?
I'm saving my funds for a joint venture farming company that will revolutionize the mary jane farm industries here in Sainte Genevieve County.
It is still against the federal law to smoke pot and if we get a pub Pres. would be devastating to the pot states
Of course! I don't buy individual stocks though. I have at least a small percentage in stocks at all times. As the market dumps, i'll put more in them and pull from the better performing assets due to drop.
I'm just curious at which record high in the last 2 years you've gotten out at.
Did you not read the thread?
When one investment becomes too large a portion of my portfolio I move some of it into another. The last 2 years have had lots of record highs and the stock portion has been sold off to buy cheap assets. I's called capturing gains.
You are worse than a three year old with the questions.
Very few since my 401K pretty much limits me to stocks and bonds. Been moving much of that into cash. My other funds have been in livestock (great returns but looking pretty toppy) and starting to move back into the metals in a large way (they are looking real cheap right now).
You really ought to be as persistent about answering questions.
So not only have you not bought "cheap assets," if you've sold stocks to hold onto cash for the past 2 years (or really any time since 2010), you've lost money.
Stocks are up about 1000 point in the last 2 yrs. What a trgedy to miss that with SOME of my funds while taking gains to invest in cheaper assets. Livestock has made me 50% over that time (bought cheap) and over the last 6 yrs (why the 2 yr timeframe?) silver was bought at $11 and sold at $40. You keep taking your last 2 yrs "profits" and spend them on the down side.
What are you talking about? The Dow is up 1900 in the past two years and at its peak this year was up 3500 points. It's up 75% in the last 6 years and up 90% from its high this year, and that's not even from the low of the recession.
But other than that, great points.
But other than that, great points.
1819 to be precise! Big deal. That is about a 6-7% anual return. Boy, wish I hadn't misssed that! I've been getting 50% on livestock over that period. I captured all the major stock market gains. If you want to go back to the market low, I bought silver just before that and made 300% while not having to lose 50% of my portfolio to be able to brag about the great returns since then.
Other than that, great points. What exactly is your point anyways?
I guess I missed the part where anyone said how much money they had. I could be investing hundreds or billions and the same principles apply.
My origional poin about buy and hold is supported by the fact that the dow jones has averaged about 4 % returns the last 10 years (cherry picking a low point to start from would make you feel better).
Lol! Yeah, I'm sure you bought silver and livestock at the bottom and sold at the top. Have you looked at commodity prices lately? Hope you've sold all of your silver and metals, because if you haven't, you've been killed in the past couple of years.
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