|
Forums46
Topics546,695
Posts9,838,434
Members87,750
| |
Most Online25,604
Feb 12th, 2024
|
|
|
 Re: Stock Market Crash
[Re: Guy]
#9087096
08/06/24 05:06 AM
|
Joined: Nov 2009
Posts: 71,374
NORML as can be
^^Cut the Cord^^
|
|
^^Cut the Cord^^
Joined: Nov 2009
Posts: 71,374 |
(R-TX) .-- " TCNN CURL CRLB VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087110
08/06/24 09:40 AM
|
Joined: Jun 2006
Posts: 8,794
Dave Davidson
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Jun 2006
Posts: 8,794 |
I’ve been expecting this reality check. Essentially, Congress and Biden have looted the economy (created debt) with all the build back and build back better BS. They have created money and debt that lowered the value of the dollar and acted like kids in a candy store. This stuff is Economics 101.
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
|
|
|
|
Re: Stock Market Crash
[Re: txtrophy85]
#9087187
08/06/24 01:38 PM
|
Joined: Jun 2007
Posts: 2,043
blanked
Veteran Tracker
|
|
Veteran Tracker
Joined: Jun 2007
Posts: 2,043 |
I was in the investment business for over 40 years. First off nobody but nobody can consistently time the market perfectly. It is always a moving target that is impossible to totally time on a long term basis.
The other thing folks overlook is this - if you are more than five years out from retirement then stay in the market and ride it out - history shows that it will eventually rally back and provide good returns.
On the other hand if you are within five years of retirement and/or in retirement then you should have your exposure to the market scaled back. I am not saying stay out of the market but your exposure should less than it was while you were in the accumulation phase. The reason being that if you are fully in the market and close to or into retirement is that you most likely are drawing out some of your money for income. If the market tanks but you have to continue pulling money out it is a double whammy and will take way longer to recoup your losses. Advice like this helps keep me sane. Put 3 years worth in CDs. Leave the rest in the market
|
|
|
|
Re: Stock Market Crash
[Re: blanked]
#9087284
08/06/24 03:55 PM
|
Joined: Dec 2005
Posts: 36,354
Guy
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Dec 2005
Posts: 36,354 |
I was in the investment business for over 40 years. First off nobody but nobody can consistently time the market perfectly. It is always a moving target that is impossible to totally time on a long term basis.
The other thing folks overlook is this - if you are more than five years out from retirement then stay in the market and ride it out - history shows that it will eventually rally back and provide good returns.
On the other hand if you are within five years of retirement and/or in retirement then you should have your exposure to the market scaled back. I am not saying stay out of the market but your exposure should less than it was while you were in the accumulation phase. The reason being that if you are fully in the market and close to or into retirement is that you most likely are drawing out some of your money for income. If the market tanks but you have to continue pulling money out it is a double whammy and will take way longer to recoup your losses. Advice like this helps keep me sane. Put 3 years worth in CDs. Leave the rest in the market What blanked said, that is exactly how to think about it, especially to simplify the way you look at investing and keep your sanity. It’s what I have been saying on here for years now, you need to think what % of my portfolio I want in “risk free investment” (CDs, T-Bills, Money Market…) vs “The Market” (risky market portfolio). That portfolio percentage split is personal preference, based on how much risk you want to take. The Risk Free portion of your portfolio you need to try and maximize, get the best rates you can. The Market Portfolio portion of your portfolio you just want to be diversified. It’s really that simple.
|
|
|
|
Re: Stock Market Crash
[Re: Ol Thumper]
#9087366
08/06/24 06:20 PM
|
Joined: Dec 2009
Posts: 5,680
Big Fitz
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Dec 2009
Posts: 5,680 |
One uppers unite...this thread has some serious potential  Shut yo mouf pretty boy…… Whoa there, ain't no one ever called Judd "pretty", I mean he's the only extra on The Walking Dead that didn't need zombie makeup.
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087385
08/06/24 06:44 PM
|
Joined: Dec 2005
Posts: 36,354
Guy
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Dec 2005
Posts: 36,354 |
Market back up today, I just looked for the first time. So much for a crash. 
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087396
08/06/24 06:53 PM
|
Joined: Jan 2013
Posts: 3,520
TLew
Extreme Tracker
|
|
Extreme Tracker
Joined: Jan 2013
Posts: 3,520 |
Market back up today, I just looked for the first time. So much for a crash. Yep, it's silly. We will know how the market really looks come a week from now
|
|
|
|
Re: Stock Market Crash
[Re: TLew]
#9087411
08/06/24 07:10 PM
|
Joined: Dec 2005
Posts: 36,354
Guy
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Dec 2005
Posts: 36,354 |
Market back up today, I just looked for the first time. So much for a crash. Yep, it's silly. We will know how the market really looks come a week from now It’s silly to look at market fluctuations week to week as well. But what big thing is happening this week? WW3 scares me.
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087419
08/06/24 07:16 PM
|
Joined: Apr 2013
Posts: 9,408
freerange
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Apr 2013
Posts: 9,408 |
Ive probably said it before but Guy seems a real good guy to listen to on the basics of this stuff.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR
Keep your gratitude higher than your expectations. RWH
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087423
08/06/24 07:23 PM
|
Joined: Jan 2013
Posts: 3,520
TLew
Extreme Tracker
|
|
Extreme Tracker
Joined: Jan 2013
Posts: 3,520 |
Market back up today, I just looked for the first time. So much for a crash. Yep, it's silly. We will know how the market really looks come a week from now It’s silly to look at market fluctuations week to week as well. But what big thing is happening this week? WW3 scares me. 100% agree, and that's not how I look at it. My point about a week from now was related to all the doom and gloom about a "crash". People bought today thinking it was oversold yesterday. We will understand a little better on extremely short term trajectory this time next week. My message hasn't changed from the other thread. There is a lot of doom and gloom but the market isn't going to crash. We need a correction and then sideline cash can come back in to reach new highs
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087433
08/06/24 07:43 PM
|
Joined: Jan 2007
Posts: 26,853
KRoyal
Texoma Legend
|
|
Texoma Legend
Joined: Jan 2007
Posts: 26,853 |
Sold all my Bitcoin when it previously hit $65K and put a buy order in if it were to hit $58K. I was actually surprised I got an email saying my buy had been processed. Couldn't believe it had tanked so much last time I looked it was around $68K. Granted it was only a $1200 buy I now own 0.02028973% of one coin, but so far its been the only crypto sell high buy "lower" that I've pulled off. I always seem to screw myself and sell way too low and then FOMO and buy too high. I feel accomplished. ![[Linked Image]](https://media.tenor.com/yF8hJXvLT74AAAAM/dave-chappelle-money.gif)
|
|
|
|
Re: Stock Market Crash
[Re: tlk]
#9087454
08/06/24 08:23 PM
|
Joined: Oct 2010
Posts: 3,089
topwater13
Veteran Tracker
|
|
Veteran Tracker
Joined: Oct 2010
Posts: 3,089 |
I was in the investment business for over 40 years. First off nobody but nobody can consistently time the market perfectly. It is always a moving target that is impossible to totally time on a long term basis.
The other thing folks overlook is this - if you are more than five years out from retirement then stay in the market and ride it out - history shows that it will eventually rally back and provide good returns.
On the other hand if you are within five years of retirement and/or in retirement then you should have your exposure to the market scaled back. I am not saying stay out of the market but your exposure should less than it was while you were in the accumulation phase. The reason being that if you are fully in the market and close to or into retirement is that you most likely are drawing out some of your money for income. If the market tanks but you have to continue pulling money out it is a double whammy and will take way longer to recoup your losses. The Pelosi's aren't far off from more than one homerun in the market.
|
|
|
|
Re: Stock Market Crash
[Re: Big Fitz]
#9087456
08/06/24 08:24 PM
|
Joined: Jun 2011
Posts: 36,399
Buzzsaw
THF Celebrity
|
|
THF Celebrity
Joined: Jun 2011
Posts: 36,399 |
One uppers unite...this thread has some serious potential Shut yo mouf pretty boy…… Whoa there, ain't no one ever called Judd "pretty", I mean he's the only extra on The Walking Dead that didn't need zombie makeup. 
SPACE FOR RENT
|
|
|
|
Re: Stock Market Crash
[Re: KRoyal]
#9087461
08/06/24 08:29 PM
|
Joined: Jan 2005
Posts: 819
Blue Moon
Tracker
|
|
Tracker
Joined: Jan 2005
Posts: 819 |
Sold all my Bitcoin when it previously hit $65K and put a buy order in if it were to hit $58K. I was actually surprised I got an email saying my buy had been processed. Couldn't believe it had tanked so much last time I looked it was around $68K. Granted it was only a $1200 buy I now own 0.02028973% of one coin, but so far its been the only crypto sell high buy "lower" that I've pulled off. I always seem to screw myself and sell way too low and then FOMO and buy too high. I feel accomplished. was a speaker at Bitcoin2024 last week. When a reporter asked him about how he would address the out-of-control US debt, he said, “maybe we’ll write a little crypto check to pay off the $35 trillion debt…” As a crypto guy, I thought good soundbite, but also thought it was a truly insane and frightening proposition for dealing with the debt. Here’s why: the global market cap for Bitcoin is currently only ~$1 trillion. To put his statement into perspective, let’s do some math. If the 210,000 Bitcoins owned by the US were worth $35 trillion, your $1,200 investment would skyrocket to a staggering $3.38 million. This means each of the 210,000 US Bitcoins would need to be valued at an astronomical $166,666,666.67 ($166.6 million) each. All those 666s…Hum… now it sort of makes sense…
|
|
|
|
Re: Stock Market Crash
[Re: Blue Moon]
#9087465
08/06/24 08:32 PM
|
Joined: Aug 2024
Posts: 24
jimmiereese1964
Light Foot
|
|
Light Foot
Joined: Aug 2024
Posts: 24 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound
|
|
|
|
Re: Stock Market Crash
[Re: jimmiereese1964]
#9087469
08/06/24 08:38 PM
|
Joined: Sep 2012
Posts: 17,636
Jimbo1
THF Celebrity
|
|
THF Celebrity
Joined: Sep 2012
Posts: 17,636 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound Good grief man!
Awake - Not Woke!
|
|
|
|
Re: Stock Market Crash
[Re: jimmiereese1964]
#9087471
08/06/24 08:39 PM
|
Joined: Oct 2017
Posts: 6,515
angus1956
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Oct 2017
Posts: 6,515 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound You need to find another forum to hangout on.
|
|
|
|
Re: Stock Market Crash
[Re: angus1956]
#9087477
08/06/24 08:48 PM
|
Joined: Jan 2005
Posts: 819
Blue Moon
Tracker
|
|
Tracker
Joined: Jan 2005
Posts: 819 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound You need to find another forum to hangout on. I suspect a bot has joined the tribe...
|
|
|
|
Re: Stock Market Crash
[Re: Blue Moon]
#9087486
08/06/24 09:10 PM
|
Joined: Oct 2008
Posts: 15,799
Tbar
THF Celebrity
|
|
THF Celebrity
Joined: Oct 2008
Posts: 15,799 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound You need to find another forum to hangout on. I suspect a bot has joined the tribe... Chinese "influencer."
Make America Great Again
|
|
|
|
Re: Stock Market Crash
[Re: Blue Moon]
#9087488
08/06/24 09:11 PM
|
Joined: Dec 2005
Posts: 36,354
Guy
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Dec 2005
Posts: 36,354 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound You need to find another forum to hangout on. I suspect a bot has joined the tribe... A bot would write correct punctuation, right?
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087490
08/06/24 09:17 PM
|
Joined: Nov 2009
Posts: 71,374
NORML as can be
^^Cut the Cord^^
|
|
^^Cut the Cord^^
Joined: Nov 2009
Posts: 71,374 |
Pres Trump will not be president again.................funny how he was the one wounded in the head and then was healed just fine..............lol
did any of yall think about that head wound You need to find another forum to hangout on. I suspect a bot has joined the tribe... A bot would write correct punctuation, right? TFF'er
(R-TX) .-- " TCNN CURL CRLB VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
|
|
|
|
Re: Stock Market Crash
[Re: topwater13]
#9087507
08/06/24 09:42 PM
|
Joined: Jul 2013
Posts: 6,362
tlk
THF Trophy Hunter
|
|
THF Trophy Hunter
Joined: Jul 2013
Posts: 6,362 |
I was in the investment business for over 40 years. First off nobody but nobody can consistently time the market perfectly. It is always a moving target that is impossible to totally time on a long term basis.
The other thing folks overlook is this - if you are more than five years out from retirement then stay in the market and ride it out - history shows that it will eventually rally back and provide good returns.
On the other hand if you are within five years of retirement and/or in retirement then you should have your exposure to the market scaled back. I am not saying stay out of the market but your exposure should less than it was while you were in the accumulation phase. The reason being that if you are fully in the market and close to or into retirement is that you most likely are drawing out some of your money for income. If the market tanks but you have to continue pulling money out it is a double whammy and will take way longer to recoup your losses. The Pelosi's aren't far off from more than one homerun in the market. not real sure what that means
You can't fix stupid
|
|
|
|
Re: Stock Market Crash
[Re: tlk]
#9087540
08/06/24 10:27 PM
|
Joined: Aug 2024
Posts: 24
jimmiereese1964
Light Foot
|
|
Light Foot
Joined: Aug 2024
Posts: 24 |
How do you know Im wrong?
A head wound and then everything is fine?
|
|
|
|
Re: Stock Market Crash
[Re: jimmiereese1964]
#9087543
08/06/24 10:29 PM
|
Joined: Dec 2005
Posts: 36,354
Guy
OP
THF Celebrity
|
|
OP
THF Celebrity
Joined: Dec 2005
Posts: 36,354 |
How do you know Im wrong?
A head wound and then everything is fine?
It wasn’t a head wound you big dummy.
|
|
|
|
Re: Stock Market Crash
[Re: Guy]
#9087548
08/06/24 10:33 PM
|
Joined: Aug 2024
Posts: 24
jimmiereese1964
Light Foot
|
|
Light Foot
Joined: Aug 2024
Posts: 24 |
yep.........the democrats say he wasnt shot in the head.
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, kmon11, kry226, kwrhuntinglab, Payne, pertnear, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|
![[Linked Image]](https://i.redd.it/qbsabho9fkh21.jpg)
![[Linked Image]](https://media0.giphy.com/media/v1.Y2lkPTc5MGI3NjExaGlvNGhtNnVuZ3ZqYWxreWh4b3p5aXB2cXZxNjZqeGRyZmE1eWQ3ciZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9cw/diCNesXEAPhtkrDPKW/giphy.gif)
![[Linked Image]](https://krdesignsco.com/wp-content/uploads/2024/03/thf2-e1712949002371.png)
