HOW'S THAT WORKIN' OUT FOR YA?
HOW'S THAT WORKIN' OUT FOR YA?
X-Runner wrote:
For Chrissakes V wrote:[quote]X-Runner wrote:
Who cares about a one week 5% drop that will probably bounce back?
I do. I wouldn't mind avoiding the loss of 5% of my lifetime earnings.
So you would sell everything after it went down 5%?
That isn't what he said. Selling everything AFTER it went down 5% wouldn't AVOID losing 5%. He would LIKE to sell everything BEFORE it goes down 5%. Wouldn't you?
If not, may I please have 5% of everything you have? (Except for any adverse skin conditions...keep 100% of those.)
Deebo wrote:
Head for the hills. The sky is falling. Guns, grits and gold to survive!
All you lame happy-facers out there - guess what - the market DOES drop sometimes. It is OVERvalued. WAY overvalued. I am so smart. I am the ONLY one here who does NOT ALWAYS say it can NEVER drop.
Sometimes the sky really is falling! And I have the TRACK RECORD to prove it. I called the MASSIVE corrections in:
February 2010
June 2010
December 2010
June 2011
July 2011
November 2011
January 2013
September 2013
October 2013
February 2014
July 2014
August 2014
March 2015
August 2015
October 2015
March 2016
April 2106
August 2016
September 2016
19 TIMES I have called for these massive, life-threatening corrections IN JUST THE LAST 7 YEARS! Can YOU say the same? Can any of you "index-fund, just keep plowing money in, shuffleheads"?
Nobody GETS the market like me!
For Chrissakes V wrote:
[quote]X-Runner wrote:
Who cares about a one week 5% drop that will probably bounce back?
I do. I wouldn't mind avoiding the loss of 5% of my lifetime earnings.
Your lifetime earnings are in the stock market. Maybe you mean savings? Also your entire savings are in the stock market? That's dumb, but not surprising from someone who's trying to time the stock market based on advice from Krispy Kremlin on Letsrun.com. Trying to time short-term gains and losses is already a poor strategy but timing it based on the advice of an anonymous poster named Krispy Gremlin is moronic.
On another note, Krispy Kreamer is still here spewing economic advice. Amazing. Somethings never change.
heyyo wrote:
[quote]For Chrissakes V wrote:
[quote]X-Runner wrote:
Who cares about a one week 5% drop that will probably bounce back?
I do. I wouldn't mind avoiding the loss of 5% of my lifetime earnings.
Your lifetime earnings are in the stock market. Maybe you mean savings? Also your entire savings are in the stock market? That's dumb,
Why is it smart to have what, maybe 60% of your liquid assets in stocks...but not 100 percent? The "experts" tell me this is not an answer. The experts also say that you make the most money over time in stocks so why not have all your dough other than a few months expenses in stocks?
You guys just repeat what has been drilled into your heads with nary a single thought of your own.
By the way, I did sell the small share of my liquid assets that I did have in the market at the end of the day.
Take some minor gains an get out.
Been doing this the past several months and have made a few bucks.
I'm calling bullshit. Declaring a transaction after the fact is an obvious lie. Weak.
Stop making sense wrote:
By the way, I did sell the small share of my liquid assets that I did have in the market at the end of the day.
Take some minor gains an get out.
Been doing this the past several months and have made a few bucks.
How much did your short term timing strategy net you today?
Stop making sense wrote:
heyyo wrote:[quote]For Chrissakes V wrote:
[quote]X-Runner wrote:
Who cares about a one week 5% drop that will probably bounce back?
I do. I wouldn't mind avoiding the loss of 5% of my lifetime earnings.
Your lifetime earnings are in the stock market. Maybe you mean savings? Also your entire savings are in the stock market? That's dumb,
Why is it smart to have what, maybe 60% of your liquid assets in stocks...but not 100 percent? The "experts" tell me this is not an answer. The experts also say that you make the most money over time in stocks so why not have all your dough other than a few months expenses in stocks?
You guys just repeat what has been drilled into your heads with nary a single thought of your own.
Because stocks are more volatile and risky than other types of assets. I'm not going to define risk, or why not having 100% of your portfolio in risky assets is bad. Good luck with your letsrun/market timing investing strategy! I'm up 22% in realized gains over the past 12 months, but I'm going to lie and tell you I'm up 33% and that they were all penny stocks because, "HEY ITS THE INTERNET".
Dow/S&P are up about 1% for the week so far nearing Thursday close. So looking like a major black Friday, OP? Should I pull out all of my money today still?
Not sure how you can criticize someone's market allocation without knowing their investment horizon, among other things.
Someone in their early 30s to early 40s with a 25-30 year investment horizon investing in nearly 100% equities via an S&P index fund is very different than a person in their mid 50s or older investing their entire nest egg in their own stock picks.
For the record, I am a 44 year old professional with 100% of my retirement account invested in an S&P index fund. It is definitely getting close to the time for me to start diversifying into a less volatile allocation, but I fully expect another 1 or 2 crashes before I am ready to start drawing on that account in 20 to 25 years (I hope to retire from my current profession a little earlier than that, but would anticipate enough income from other sources to not have to draw upon my retirement account until somewhere between 65 and 70). The volatility simply does not scare me when I am talking about a 20+ year horizon, and I would rather have a reasonable chance at the higher returns offered be equities.
Well I guess tomorrow is the big day.
I assume everybody is getting out before the end of today.
truly one of the worst short term calls I've seen.
SPX up 1.8% from Friday's close. So he is now 6.8% off from his prediction, more or less. If he had somehow made a bet to make that prediction concrete he would have given up most of a year's return.
I really hope he didn't.
KK! Hey! Where are you?
Remember when that Kenyan guy posted up before the OG, saying that Americans would win zero medals in mid D and D? He eventually came back to the thread and saved his honor.
You should do the same.
I haven't been paying attention to the market this week. How'd your short term timing do?
While our brave OP didn't say he was going to act on his belief that the market would pull back this week, this is evidence of why you don't just go in and out of the market either on a whim or when you see movement. By the time you see a big pull back or a big gain, it is too late. The way you realize the gains (AND gains happen 73% of calendar years and always trend UP overall) is that you stay in always, and IF there is a big pullback and IF you have extra that you want to invest, then you add to it. Don't plan to take money out until you retire.
So, the same old same old holds true (in order):
1) Set up small emergency fund of $1,000-$2,000 dollars.
2) Pay off all minor debts as quickly as possible (not mortgage or HUGE school loan). Do this by crazy saving, working extra job, selling crap.
3) Invest 15% or more of your income into retirement accounts. You can do this as you also increase your Emergency Fund to 6 months of expenses.
4) Pay off big loans (mortgage and student loans).
5) Now invest MORE if you want, or just spend more while you keep investing at least 15%.
Unless you are within 5 years of retiring, any talk of a big market pull back should not change your behavior at all. AND, depending on your situation within 5 years of retiring (for example, if you are completely debt free), your change could actually be to be very frugal with spending and dump MORE money into the market as it is pulling back. Because it will eventually go back up.
Wouldn't the greatest failure actually have some significant failures and not an economy that has been growing since his second quarter in office? An economy with under 5% unemployment, low interest rates, the deficit slashed more than 50%, and median income up 5% last year? That's a disaster?
The OP shows a lack of understanding when it comes to basic economic and fiscal policy
Not surprising - letsrun is full of (usually right wing) conspiracy turds
What is surprising is how runners are generally well educated, left leaning, healthy people, and you get stuff like this all the time on letsrun boards
not to mention a Dow that has more than doubled since the early days of 2009.
I Rupp'ed up (in the butt) wrote:
The OP shows a lack of understanding when it comes to basic economic and fiscal policy
Not surprising - letsrun is full of (usually right wing) conspiracy turds
What is surprising is how runners are generally well educated, left leaning, healthy people, and you get stuff like this all the time on letsrun boards
What's surprising is your overly broad generalization of runners which has nothing to do with reality. Sorry, but real life does not fit your narrowed minded bigotry.
Howard Dean wrote:
I Rupp'ed up (in the butt) wrote:The OP shows a lack of understanding when it comes to basic economic and fiscal policy
Not surprising - letsrun is full of (usually right wing) conspiracy turds
What is surprising is how runners are generally well educated, left leaning, healthy people, and you get stuff like this all the time on letsrun boards
What's surprising is your overly broad generalization of runners which has nothing to do with reality. Sorry, but real life does not fit your narrowed minded bigotry.
Not sure where you are seeing an overly broad generalization? Are runners not generally well educated? left leaning? and healthy? Or are we more likely to be uneducated, right wing slobs?