guys.......stock market........

TheNinja said:
The other part that makes me sick would be selling after this current 25% drop :( - Though honestly I should look at it as being smart if I sold. I'm still way up from my original investments so I'd still make money.....just not as much money as if I had sold 2 weeks ago.

I'm a bit frozen right now on what to do.
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I'll share an adage which I've mentioned several times in these threads: It's better to be out and wishing you were in than in and wishing you were out.
 
aerius said:
I'll share an adage which I've mentioned several times in these threads: It's better to be out and wishing you were in than in and wishing you were out.
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That's a great point actually.

Also I don't trust that loudmouthed Jim Cramer at all but one thing I did listen to (and I didn't this time with my AAPL stock) is that "Bulls make money, bears make money, and pigs get slaughtered". I (along with a ton of other people) got greedy. We kept thinking this compounding gains would continue forever when they clearly couldn't. I broke my own rules by not sticking with my stop loss sells and now regretting it :( -

I need to learn to use the tools in place to take emotions out of the equation.

But I'm really thinking about what you said and thinking about pulling the trigger on more sells. I don't see any way this turns around quickly right now. And if it does....and I hope it does...I can always get back in since I'm a long term investors, not a short term or day trader obviously.
 
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Porch_Rabbit said:
I just sold off 50% of my account earlier today. I hate to do it after such carnage already and I am a long term holder. But this thing will get even worse for sure and I’m not going to just hold through it all. I don’t plan to get too greedy picking the bottom. But where it’s at now, ain’t it.
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Not trying to be nosey but why would you sell off now if you are a long term investor? Buy low sell high my man.
 
UrG00d said:
Not trying to be nosey but why would you sell off now if you are a long term investor? Buy low sell high my man.
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Greed I suppose.

I want an even greater return when I get back in. I hate trying to time markets, but I just really believe this could go much lower. We are at STEEP discounts to a month ago, but we are still very expensive vs historical even after this bloodbath. And I just can’t see how this doesn’t lead to some big chain of negative events. I’m going to sell even more probably. And once DOW starts hitting 20,000, I might start scaling back into it very slowly.
 
TheNinja said:
I'm very tempted to sell some off b/c I hate the whole idea of "just hold it and it will go back up". Ya that's stupid if I KNOW the market is going to fall lower (and I'm not saying I know it obviously) to allow my investments to continue to drop.

The other part that makes me sick would be selling after this current 25% drop :( - Though honestly I should look at it as being smart if I sold. I'm still way up from my original investments so I'd still make money.....just not as much money as if I had sold 2 weeks ago.

I'm a bit frozen right now on what to do.
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yeah it sucks. I was throwing up a little in my mouth while selling stocks fresh off 20% hits. But sometimes the biggest mistakes people can make is holding on to a losing trade for dear life. Have to be willing to be nimble and able to make decisions based on new info. This doesn’t mean to just flip flop back and forth. In a lot of cases it would be smart to buy the dip, etc. Hell, I did, I was buying more when we were only down 14%. But with new info and recent developments, I think lower is the way we are going, regardless of wether I made or lost money in the last few weeks (definitely lost in this case).
 
Porch_Rabbit said:
Greed I suppose.

I want an even greater return when I get back in. I hate trying to time markets, but I just really believe this could go much lower. We are at STEEP discounts to a month ago, but we are still very expensive vs historical even after this bloodbath. And I just can’t see how this doesn’t lead to some big chain of negative events. I’m going to sell even more probably. And once DOW starts hitting 20,000, I might start scaling back into it very slowly.
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I hope it works out for you but it sounds like panic wrestling to me.
 
UrG00d said:
I hope it works out for you but it sounds like panic wrestling to me.
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Yeah you too. Definitely no real reason to sell now if holding for multiple decades further. But with as extreme of a movement as this is and can/will be, I just can’t help but move/position myself in a way I think can scalp a few extra dollars.
 
If it does keep dropping you will be in good shape. Im definitely not rushing to buy yet.
 
Wow. Its getting really bad. The stock I sold at 43 last week is 39 now. But there will be a reverse bubble. Once the prices are low enough, there will be a feeding frenzy.
 
Porch_Rabbit said:
Greed I suppose.

I want an even greater return when I get back in. I hate trying to time markets, but I just really believe this could go much lower. We are at STEEP discounts to a month ago, but we are still very expensive vs historical even after this bloodbath. And I just can’t see how this doesn’t lead to some big chain of negative events. I’m going to sell even more probably. And once DOW starts hitting 20,000, I might start scaling back into it very slowly.
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It doesn't take a rocket scientist to predict it will get worse.
Every major President/PM in Europe just made a public broadcast that the situation will get worse and "many older people will die before their time".
 
If you have money to invest that you can hold for a long period of time (2-3+ years) overall if you buy a broad ETF/index fund you will likely come up with some nice gains whether you buy right now or if the market drops another 10%. Volatility and fear is super high right now though so who knows what will happen next. I didn't think the market would drop this much this fast to begin with and I was obviously wrong. However if you have trust in the market and trust in long term compounding the market will recover and will rise. Who knows how fast/slow that recovery will take, but it will happen and will likely average out overtime. I still haven't made a move, but I'm always that way....
 
I’ll wait til next week to invest more.

i fucked up by buying FB last month and it’s down $50 per share. The rest I think I’m still a bit ahead.

I’m going to buy these next week - once it’s lower (all speculation):

Disney
Delta airlines
Uber

I think these will eventually go up down the road.

good luck to everyone.
 
If you're in broad index funds you might wanna just hold or ever buy more. If you're in some marginal plays you may wanna cash out and dump it in index funds when it takes another 10%. You never know which companies will come back fully and the fastest.
 
I've only ever invested in my 403b and roth ira but I do have 10-15k I could put away for 5-10 years. I always wanted to open a brokerage account but never got around to it.

Would this be a good time to buy index funds? I want something low cost that I can let grow for 10 years. Otherwise, I'll just keep it as emergency cash.
 
boingyman said:
If you have money to invest that you can hold for a long period of time (2-3+ years) overall if you buy a broad ETF/index fund you will likely come up with some nice gains whether you buy right now or if the market drops another 10%. Volatility and fear is super high right now though so who knows what will happen next. I didn't think the market would drop this much this fast to begin with and I was obviously wrong. However if you have trust in the market and trust in long term compounding the market will recover and will rise. Who knows how fast/slow that recovery will take, but it will happen and will likely average out overtime. I still haven't made a move, but I'm always that way....
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i don’t know.. I don’t think 2-3 years is a long enough horizon for this beast right now. If someone will NEED their money in that timeframe, they shouldn’t get into stocks right now.
 
Porch_Rabbit said:
i don’t know.. I don’t think 2-3 years is a long enough horizon for this beast right now. If someone will NEED their money in that timeframe, they shouldn’t get into stocks right now.
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Yes if it's money you really NEED in the next few years, then yes I would just keep whatever you need in cash (high yield savings/CD). If you just have cash well beyond emergency funds, have continuous cash savings and don't plan on making any large purchases or need downpayment for a home anytime soon, then I say this is a good opportunity to take a risk. The reason why I say 2-3 years is not to necessarily expect a full recover, but in 2-3 years there will likely be some gain/recovery within that timeframe unless you buy now, but it still drops another 20% or more, which would be ridiculous. DJI is down like what 27%? There goes all your gains from 2019.
 
Porch_Rabbit said:
Yeah you too. Definitely no real reason to sell now if holding for multiple decades further. But with as extreme of a movement as this is and can/will be, I just can’t help but move/position myself in a way I think can scalp a few extra dollars.
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Is there any way you can come up with some funds, while not cashing out your chips? I want to buy buy buy, but got little liquidity at the moment due to a home purchase along with some upgrades. Only plausible thing I can think of for my situation is to go tax exempt on my payroll status, and put whatever Id give to Uncle Sam towards the market. Any tax implications will be offset by market gains come tax day 2021.

Feel very fortunate that I cashed out enough for a down while market was around 29000, now its a prime time to go full throttle. Even if its relative peanuts such as a few k here a month while it bottoms. Not trying to be working when Im 70 like every other sucker. A smart move today could shave off a year or two in the work force come the silver years. Dgaf about the here and now, i'll eat beans out of a can like Roschach. I just want to be chillin by the time im in my late 50s.
 
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