wrong to assume that much of the expected downside is priced in? not all, mind you, but another 50% drop is quite dramatic.
I'm a dividend investor and this is a great opportunity. Granted, I don't expect much return for the rest of the year, but at these discounts I can live with that.
and.... market is up 853 in first 3 minutes today, fkn dow is about as predictable as a herd of cats.
Just think about it a minute. The Dow was at 29,000 at the recent top. It is a 20,000-point drop to get to 9,000. The Dow dropped to 18,000 two weeks ago. That's half way to 9,000.
Yes, the DJI could drop to 9,000. It could also quickly go back to 29,000. It could also stay stagnant for years. The truth is you don't know which one of these scenarios will play out. Nobody knows. If it is the first, you are golden with your inverse leveraged ETF. If it is the second or third, you'll be in trouble. You are investing on emotions. That's always what gets people in trouble. It may have worked for you in the past, but that was luck. Will you be lucky another time? Possible, but not probable.
Nope. We will not see new all-time highs for years, and the market NEVER "stays stagnant for years". Try again. You're assuming I will stay in that fund no matter what. DUH. But I'm already out of it with a gain, while you have losses. LOL!!! Since you have no basis for saying that, you are expressing guesses and fantasies to comfort your little ego. Riiiiiight. For 35 years! I'm a millionaire. What about you? Remember, you're the guy who claimed that shuffling stock-based equities was "re-balancing" your portfolio!!!! LMFAO!!!!!!!!
That's a drop of almost 70%. If you can see the future so well, then use it. Anyone with that kind of insight can make money regardless of the direction the market is going. Do you have any idea how ridiculous you sounds when you say something like this then expect the world to believe you're making millions of your investments?
If a person can time the market accurately, being diversified would actually cost them future gains. Perhaps you are diversified because you realize that you cannot forecast market conditions as accurately as you claim?
I really don't care what you think. You're the one arguing. I just said the market has already dropped 50% of the way to 9,000. And you're attacking me with insults because you know I'm right. You can do simple math, right?
Think about 9/11 for a minute. That was a surprise to everyone but the terrorists who did it. There was no way to foresee that bear market. But once it started, it could be addressed. So your story is bullshit.
An accurate market timer worth his salt who has been investing for 35 years would be a billionaire, not merely a millionaire, regardless of incidents like 9/11.
~ Warren Buffett has not closed his Vanguard mutual fund . He remains a perpetual optimist of the USA.
I never claimed perfection. I'm only saying that with some experience and practice it is possible to do a good enough job to significantly improve returns and avoid major losses most of the time. As for my net worth, you know nothing about me to base that on. As it turns out, I had a personal situation that has kept me out of the market for ten years, and I spent 6 years sick and had doctor's appointments averaging 1 every 2 weeks for 6 years, and that included a bout with cancer. So spare me your judgements.
wow. You're really bottom-feeding and digging deeper for ANYTHING you can throw at me. Why are you so insecure?
I don't disagree with your first and second sentences. As for your net worth, you said yourself that you are a millionaire (I do not doubt that) so I do know something about your net worth unless you weren't telling the truth. Lots of people have achieved a net worth of 7 figures - a decent job, a frugal attitude, wise decisions, and decent contributions to a 401k will have gotten many people there over the past many years. As for judgments, sorry if you were offended, but surely you should have known that if you boasted all over this thread about your most excellent market timing skills and then made fun of others for their investing strategies that others here would call you out? Sorry things went south, and your contributions could have been appreciated, but it sure seemed like you were rubbing things in other's faces instead of trying to be helpful.
Yup. Today a million bucks isn't wealth any more. It can only provide a lifetime income, beginning at age 65, of about $40,000 per year. That's not quite how it happened, but it's a good spin. Oh bullshit. Go back and review what actually happened. My point was that it isn't necessary to sit still and watch 1/3 of your invested assets vanish. Given time and careful observation a person can learn to read the market well enough to avoid big losses and even make some gains. But other posters seemed to have their feelings hurt by the suggestion that their losses were not necessary. Well, as they say, it was, in fact, their loss. And you know as well as I do that this or any politics forum is dominated by people who come here to pick everything apart, find fault, invent objections and criticisms, and turn anything into a fight complete with insults and personal attacks. They seem to have a need for it.
BTW, two other points: You think my comments to be inappropriate or problematical. Consider the title of this thread. Secondly, if you don't like "boasting" and self-promotion and making fun of others (not saying I'm guilty) then I expect you REALLY dislike Trump. Yet I know otherwise. Why the difference?
Oh, your comments weren't "problematical" at all. And that holds true of other posters' comments here as well. You/me/we are welcome to boast and poke fun all you/me/we want - I will sit back and be amused, and that isn't a shot at you, I am speaking of the entire forum. It just seemed that you were upset by the comments in reaction to your posts, and I was just offering an explanation of why those comments may have occurred. No big deal.
A million bucks would make me feel wealthy. I am not holding wealth against people. But the pursuit of wealth was never much of a priority with me. I did waste a lot of money. But I'm cool. Got my little farm and SS.
i make money when the stock market goes up or down, during the last recession i sold the real estate guys are having trouble because no one is paying rent.
Don't get triggered. You said something ridiculous, and now you're being forced to own those words son.
