Forums46
Topics537,992
Posts9,731,487
Members87,053
|
Most Online25,604 Feb 12th, 2024
|
|
|
Stock Market
#8500126
01/10/22 04:07 PM
|
Joined: Aug 2005
Posts: 20,949
Sniper John
OP
gumshoe
|
OP
gumshoe
Joined: Aug 2005
Posts: 20,949 |
Ugly Day Unfortunately I think it's going to get a lot worse. S&P 500 4,594.08 -82.95 (-1.77%) NASDAQ Composite 14,584.62 -351.27 (-2.35%)
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500139
01/10/22 04:18 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Bad news travels like wildfire.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500148
01/10/22 04:23 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
It's been a bad year, Lol.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500208
01/10/22 05:10 PM
|
Joined: Jun 2011
Posts: 3,123
one73maro
Veteran Tracker
|
Veteran Tracker
Joined: Jun 2011
Posts: 3,123 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride!
|
|
|
Re: Stock Market
[Re: DocHorton]
#8500224
01/10/22 05:42 PM
|
Joined: Apr 2007
Posts: 60,468
BOBO the Clown
kind of a big deal
|
kind of a big deal
Joined: Apr 2007
Posts: 60,468 |
It's been a bad year, Lol. Only if you are retiring, outside of that it's Jan. Always drops some. I always try to have a large cash position just for Jan. Only year my plan backfired a little was trumps election year
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500232
01/10/22 05:51 PM
|
Joined: Aug 2021
Posts: 1,109
DukeCigars
Pro Tracker
|
Pro Tracker
Joined: Aug 2021
Posts: 1,109 |
Every time Biden speaks, it bleeds. He’s only going to be worse with mid terms coming later this year
Car guy. Serial entrepreneur. Terrible golfer.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500240
01/10/22 05:58 PM
|
Joined: Nov 2018
Posts: 1,948
Davis300
Pro Tracker
|
Pro Tracker
Joined: Nov 2018
Posts: 1,948 |
Set it and forget it. In for the long haul.
|
|
|
Re: Stock Market
[Re: one73maro]
#8500243
01/10/22 06:01 PM
|
Joined: Aug 2005
Posts: 20,949
Sniper John
OP
gumshoe
|
OP
gumshoe
Joined: Aug 2005
Posts: 20,949 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride! Same here. In fact on the 3rd, my combined portfolio was at an all time high. Rather than ride though I took profits (and some losses) on all my current trades. And since I have been way heavy in big tech since the early days of covid, I also sold much of my big tech/QQQ stuff over the last two weeks to build cash again. More than usual, so for me that hit is not as bad as it could have been today. The new cash is going back into mostly S&P500 VOO and Total Stock Market VTI funds during these dips like today and will ride from there. I don't think I can beat that this year.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500274
01/10/22 06:23 PM
|
Joined: Oct 2009
Posts: 12,221
wp75169
THF Celebrity
|
THF Celebrity
Joined: Oct 2009
Posts: 12,221 |
I’m playing the pinks and they’re doing ok today.
|
|
|
Re: Stock Market
[Re: wp75169]
#8500366
01/10/22 08:08 PM
|
Joined: Dec 2011
Posts: 1,746
fredeboy
Pro Tracker
|
Pro Tracker
Joined: Dec 2011
Posts: 1,746 |
I’m playing the pinks and they’re doing ok today. Yeah the little oil company is chugging right along!
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500369
01/10/22 08:11 PM
|
Joined: Oct 2019
Posts: 169
PigMoney
Woodsman
|
Woodsman
Joined: Oct 2019
Posts: 169 |
I'm sitting at 23% for the last 12 months. Ride the waves.
“We don’t rent pigs!”- Hat Creek Cattle Company
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500406
01/10/22 08:56 PM
|
Joined: Apr 2011
Posts: 8,070
Cool Mo D
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Apr 2011
Posts: 8,070 |
Thank you Joe
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500418
01/10/22 09:06 PM
|
Joined: Jul 2015
Posts: 240
Remo
Woodsman
|
Woodsman
Joined: Jul 2015
Posts: 240 |
All hail Petroteq. Bunch of my positions sold automatically last week so same story of lessened losses and sheltering in cash. DWAC was up again, lol.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500425
01/10/22 09:20 PM
|
Joined: Oct 2008
Posts: 16,783
68rustbucket
THF Celebrity
|
THF Celebrity
Joined: Oct 2008
Posts: 16,783 |
The sky is falling! Not, DJIA still 5000 points higher than a year ago.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500431
01/10/22 09:29 PM
|
Joined: Dec 2011
Posts: 1,746
fredeboy
Pro Tracker
|
Pro Tracker
Joined: Dec 2011
Posts: 1,746 |
Wow little oil company up another 15% today! Looking Sweet
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500491
01/10/22 10:23 PM
|
Joined: Nov 2017
Posts: 19,272
Biscuit
THF Celebrity
|
THF Celebrity
Joined: Nov 2017
Posts: 19,272 |
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500522
01/10/22 10:44 PM
|
Joined: Jun 2011
Posts: 3,123
one73maro
Veteran Tracker
|
Veteran Tracker
Joined: Jun 2011
Posts: 3,123 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride! Same here. In fact on the 3rd, my combined portfolio was at an all time high. Rather than ride though I took profits (and some losses) on all my current trades. And since I have been way heavy in big tech since the early days of covid, I also sold much of my big tech/QQQ stuff over the last two weeks to build cash again. More than usual, so for me that hit is not as bad as it could have been today. The new cash is going back into mostly S&P500 VOO and Total Stock Market VTI funds during these dips like today and will ride from there. I don't think I can beat that this year. I have actually had good years for the last 3yrs. Like I stated earlier I was up 23% last year and was up 30% the two previous years. When Covid hit in 2020 I took a big loss (about 70K) in a week or so time period. I left my funds where they were and I made it all back and more. I am not big on the market or keeping up with everything and making moves all the time. I check the funds that my 401K (Prudential) offers and base my selections off the 3yr and 5yr returns for them. I have been doing well so have not made any changes in a while.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500545
01/10/22 11:09 PM
|
Joined: Jan 2013
Posts: 19,652
Pitchfork Predator
THF Celebrity
|
THF Celebrity
Joined: Jan 2013
Posts: 19,652 |
Growth companies that have yet to show a profit have been overvalued for quite a while IMO.......investors start to pay attention when money becomes more expensive for these types of companies.....dividend paying companies with strong balance sheets and cash flow are having a good year and will continue to IMO.....
|
|
|
Re: Stock Market
[Re: one73maro]
#8500846
01/11/22 04:52 AM
|
Joined: Oct 2017
Posts: 5,951
angus1956
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Oct 2017
Posts: 5,951 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride! For some of us over 65 time isn't on my side, let it ride doesn't work.
|
|
|
Re: Stock Market
[Re: angus1956]
#8500867
01/11/22 05:31 AM
|
Joined: Sep 2004
Posts: 10,847
DannyB
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 10,847 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride! For some of us over 65 time isn't on my side, let it ride doesn't work. Watch the movie Too Big To Fail. A lot on this forum are in big cities and bank at one of the five or so biggest banks. The biggest banks have $TRILLIONS$ of exposure in derivatives. Think about it. If you were their derivatives trader that would be like you being at a poker table and you cannot lose, at least anything but your job. I wouldn't have fifteen cents in anything but a small town highly rated bank. The biggest banks have back room traders trading derivatives. Forget FDIC. The last time I looked they didn't have enough funding to put out a burning match on wet concrete compared to just Chase bank's derivatives risk, much less the next five or so. Brag all you want about your returns. However, if any of you want to park some cash somewhere besides one of the banks most likely to lose your cash check out Treasury Direct. If they go down then we really are down to beans and bullets. At least there you have the dry powder for a potential deal. I don't remember how Warren Buffet put it. I'll just paraphrase. When there is blood in the streets mop it up. Your cash earning zip will be ready to mop up some deals. EDIT: Treasury Direct has about the worst website I've ever used. I cannot believe how bad it is. I guess I'll just chalk it up to being a federal agency. However, that is where you can park cash in Treasury Bills. For myself, forget anything past a 30 day commitment there. Only an idiot would buy a US Treasury Bond in this interest changing environment. Would you "loan" your money to the liberals for any term over a month?
|
|
|
Re: Stock Market
[Re: angus1956]
#8500892
01/11/22 10:15 AM
|
Joined: Jun 2011
Posts: 3,123
one73maro
Veteran Tracker
|
Veteran Tracker
Joined: Jun 2011
Posts: 3,123 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride! For some of us over 65 time isn't on my side, let it ride doesn't work. Yes I agree with you on this. If your close to retirement age you definitely want to have it in something more guaranteed. I know nothing is guaranteed (except death & taxes) but something less volatile with market change.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8500900
01/11/22 11:24 AM
|
Joined: May 2016
Posts: 2,420
yotehater
Veteran Tracker
|
Veteran Tracker
Joined: May 2016
Posts: 2,420 |
Is the panic over?
One shot is all it should take.
|
|
|
Re: Stock Market
[Re: DannyB]
#8500989
01/11/22 02:12 PM
|
Joined: Aug 2005
Posts: 20,949
Sniper John
OP
gumshoe
|
OP
gumshoe
Joined: Aug 2005
Posts: 20,949 |
My 401K was up 23% last year. So far this year I'm down about 3-4%. The market is crazy and will drop several hundred points and then come right back up on a day or so. Just gotta let it ride! For some of us over 65 time isn't on my side, let it ride doesn't work. Watch the movie Too Big To Fail. A lot on this forum are in big cities and bank at one of the five or so biggest banks. The biggest banks have $TRILLIONS$ of exposure in derivatives. Think about it. If you were their derivatives trader that would be like you being at a poker table and you cannot lose, at least anything but your job. I wouldn't have fifteen cents in anything but a small town highly rated bank. The biggest banks have back room traders trading derivatives. Forget FDIC. The last time I looked they didn't have enough funding to put out a burning match on wet concrete compared to just Chase bank's derivatives risk, much less the next five or so. Brag all you want about your returns. However, if any of you want to park some cash somewhere besides one of the banks most likely to lose your cash check out Treasury Direct. If they go down then we really are down to beans and bullets. At least there you have the dry powder for a potential deal. I don't remember how Warren Buffet put it. I'll just paraphrase. When there is blood in the streets mop it up. Your cash earning zip will be ready to mop up some deals. EDIT: Treasury Direct has about the worst website I've ever used. I cannot believe how bad it is. I guess I'll just chalk it up to being a federal agency. However, that is where you can park cash in Treasury Bills. For myself, forget anything past a 30 day commitment there. Only an idiot would buy a US Treasury Bond in this interest changing environment. Would you "loan" your money to the liberals for any term over a month? Inflation bonds are paying 7.12% right now and compound. Not a bad place to store small amounts of cash over time if your wanting to park it someplace safe. The bad is you can only buy $10,000 a year through treasury direct and you can't buy them in a pre tax account. You can sell anytime with only like a three months interest penalty which would be no big deal. My original emergency fund is still in paper I bonds and earning double digit interest since the older I bonds included a fixed interest.
|
|
|
Re: Stock Market
[Re: Sniper John]
#8501139
01/11/22 04:33 PM
|
Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
|
THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Ride it like it is a roller coaster.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|