If a Democrat wins the WH, I go into precious metal. Until then, I continue dollar cost averaging and keep buying
Yeap made a lick today, I got out of a lot last week and guessed we were close to a bottom on Friday. I decided to go in heavy late Friday and got lucky. I'll let it ride for a bit and expect a little pull back and then another push.
Ballsey move that paid off. I expected another drop today and held my fire. I expect as you said more dips as the panic ebbs and flows before a meteoric return to market highs and maybe I can pull the trigger on one of those.
You got lucky this time. My guess is when you market time again and you are unlucky, we won't hear of it. That's the problem when having luck with market timing. People then attribute luck to skill. Next time, they gamble with larger sums and take a bath. Don't say you haven't been warned.
YES! Especially when it's very clear that the Federal Reserve central bank is poised and ready to 'print' hundreds of billions more imaginary dollars and flooding the world with them -- at the same time that it crushes interest rates back toward ZERO again. ANYTHING to rescue and nurture the almighty-god STOCK MARKET -- no matter how overvalued it was in the first place! ."Virus worries? Let the Fed fix it by printing money and cutting interest rates!"
There is money to be made with this market drop which is based on mass hysteria. The poster you addressed made the right move long term. I expect more fluctuation as the panic ebbs and flows but unless something really dramatic occurs I think we've hit bottom Friday.
What's interesting is the fed news took precedence over Corona hysteria. That was not a given and it is a good sign.
I play the long game, so I don't stress about it. I'm 10 years away before I have to start to take my money out (I'm 55 and my rrsp start paying out at 65).
bush's tax cuts for the rich and two 10+ year wars and Trump's mega tax cuts for the corps hurt American, why we are 23 Trillion in debt Medicare for all would shift the cost from private insurance to government insurance.... the cost would be less overall for America really want to lower healthcare costs though, stop the government from pushing a high carb diet on the American people
Or in a negative/nihilistic anti-capitalist kinda way. IMO, the markets panicked/over-reacted and now the panic is receding. In addition to the weekend giving people time to cool down, there was talk about the Fed cutting rates that calmed traders and Tim Cook made some rather upbeat remarks that may have been responsible for Apple leading today's surge. There are other factors, as well. If you had been following the economics on this situation instead of the politics you would know this already...
~ Vanguard does a good job managing their no-load mutual funds . So does Fidelity , Janus Fund , etc. ... "Buy low - sell high. "
Should I quote you on Friday? All I know, the market can go up, down, or stay the same until Friday. After that, it can go up, down, or stay the same. If you think you know what the market will do, you are deluding yourself and you are in for a painful lesson. As I said, you have to be right twice when you market time. If you market time twice, you have to be right four times. Figure out the odds, if you can....
Oh, look, another self-proclaimed "patriot", who'll bet against America if the voting booth doesn't go his way. Why am I not surprised?
I invest on blue chip companies, they are already well established and do have a lot of tricks on their sleeves when dealing with crisis, I invest all my extra savings.
You can quote me long term. Jumping back in at the end of the day Friday will end well for anyone that had the balls to do so. I considered it but chickened out. My error.
