CoastalWx Posted August 5 Share Posted August 5 8 minutes ago, RUNNAWAYICEBERG said: Nah. If you’re not retiring anytime soon….buy hard. I’m in a high risk fund. We ride the wave baby. Link to comment Share on other sites More sharing options...
NorEastermass128 Posted August 5 Share Posted August 5 10 minutes ago, RUNNAWAYICEBERG said: Nah. If you’re not retiring anytime soon….buy hard. Everything is about to go on sale! Buy good companies at a discount if you can. 4 Link to comment Share on other sites More sharing options...
DavisStraight Posted August 5 Share Posted August 5 Might be time for gold stocks to go on a run. 1 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 26 minutes ago, Lava Rock said: no you should hold and not panic. .....correct.....people panic so easily...great time to buy the "dips"... 2 Link to comment Share on other sites More sharing options...
ineedsnow Posted August 5 Share Posted August 5 Down over 1200 points to start the day yikes Link to comment Share on other sites More sharing options...
NorEastermass128 Posted August 5 Share Posted August 5 8 minutes ago, ineedsnow said: Down over 1200 points to start the day yikes Start low and can always go lower. Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted August 5 Share Posted August 5 26 minutes ago, CoastalWx said: I’m in a high risk fund. We ride the wave baby. Thataboy. When they pull out, we pull in. 1 Link to comment Share on other sites More sharing options...
RUNNAWAYICEBERG Posted August 5 Share Posted August 5 26 minutes ago, NorEastermass128 said: Everything is about to go on sale! Buy good companies at a discount if you can. This is when riches are made. I may increase my biweekly contributions actually. The key is to not look at your portfolio too often and freak out about the red numbers. 3 Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted August 5 Share Posted August 5 11 minutes ago, ineedsnow said: Down over 1200 points to start the day yikes There are circuit breakers in place. It can only fall so far before trading is halted. After all, they can’t let a $200 trillion dollar derivatives market unwind… 1 Link to comment Share on other sites More sharing options...
NorEastermass128 Posted August 5 Share Posted August 5 NVIDIA tanking the Nasdaq? Woof. Link to comment Share on other sites More sharing options...
HIPPYVALLEY Posted August 5 Share Posted August 5 1 minute ago, NorEastermass128 said: NVIDIA tanking the Nasdaq? Woof. Take em’ down, take em’ all down. 1 Link to comment Share on other sites More sharing options...
DavisStraight Posted August 5 Share Posted August 5 30 minutes ago, RUNNAWAYICEBERG said: This is when riches are made. I may increase my biweekly contributions actually. The key is to not look at your portfolio too often and freak out about the red numbers. When we get our monthly statement in the mail my wife throws them away without opening them, it's worked so far. Last time this happened my gold stocks soared after a little while. Made ten times my money. 2 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 10 minutes ago, DavisStraight said: When we get our monthly statement in the mail my wife throws them away without opening them, it's worked so far. Last time this happened my gold stocks soared after a little while. Made ten times my money. When people are in full blown panic mode they do not think at all. That is when the "calmer heads" prevail and make money. ** Hopefully she shreds those statements! 1 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 ..our posts got moved to the banter thread....we should have stuck to discussing high dews!!..live and learn! lol 1 Link to comment Share on other sites More sharing options...
dendrite Posted August 5 Share Posted August 5 18 minutes ago, Great Snow 1717 said: ..our posts got moved to the banter thread....we should have stuck to discussing high dews!!..live and learn! lol Buy low on this 3 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 3 minutes ago, dendrite said: Buy low on this I already did... Link to comment Share on other sites More sharing options...
mreaves Posted August 5 Share Posted August 5 9 minutes ago, Great Snow 1717 said: ..our posts got moved to the banter thread....we should have stuck to discussing high dews!!..live and learn! lol Is it really that much of an imposition? Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 Just now, mreaves said: Is it really that much of an imposition? to discuss high dews, certainly not!!.. current dew point is 68!!...not as bad of a falloff as the stock market but still lower than the recent swamp of Louisiana readings... What is your current dew point??? Link to comment Share on other sites More sharing options...
powderfreak Posted August 5 Share Posted August 5 Imagine taking offense to a post getting moved and then digging in sarcastically because you felt slighted… 1 3 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 2 hours ago, RUNNAWAYICEBERG said: Thataboy. When they pull out, we pull in. That is what smart investors do ....in a way it is like Black Friday... 1 Link to comment Share on other sites More sharing options...
George001 Posted August 5 Share Posted August 5 3 hours ago, Great Snow 1717 said: When people are in full blown panic mode they do not think at all. That is when the "calmer heads" prevail and make money. ** Hopefully she shreds those statements! When people are panicking, that’s when you buy. When you are seeing shit like “Buy Tesla, it’s up 100% in the past 6 months and is showing no signs of stopping”, you are too late. 2 Link to comment Share on other sites More sharing options...
wokeupthisam Posted August 5 Share Posted August 5 A lot of cliche advice floating around. Sounds simple: 'buy on the dips' but that ignores the possibility of a sharpening correction and chasing added losses to the point of wasting years waiting to ride an improving mkt back to the starting point. Dollar cost averaging notwithstanding, it's not like there's no downside to buying during a selloff. 3 Link to comment Share on other sites More sharing options...
powderfreak Posted August 5 Share Posted August 5 5 minutes ago, wokeupthisam said: A lot of cliche advice floating around. Sounds simple: 'buy on the dips' but that ignores the possibility of a sharpening correction and chasing added losses to the point of wasting years waiting to ride an improving mkt back to the starting point. Dollar cost averaging notwithstanding, it's not like there's no downside to buying during a selloff. As with much in life, there’s a lot more nuance than just the simple phrase/answer. If it was just that easy, everyone would do it. 1 Link to comment Share on other sites More sharing options...
mreaves Posted August 5 Share Posted August 5 2 hours ago, Great Snow 1717 said: to discuss high dews, certainly not!!.. current dew point is 68!!...not as bad of a falloff as the stock market but still lower than the recent swamp of Louisiana readings... What is your current dew point??? The bigger question is what is you current douche point? Seems pretty high. 4 Link to comment Share on other sites More sharing options...
weathafella Posted August 5 Share Posted August 5 Never ever sell assets during a steep downturn. In general, unless you’re a day trader, stay the course. A diversified portfolio will protect against extremes. But locking in losses is simply dumb. If you’re > 5 years from retirement, equities should dominate. Heck even within retirement I have a healthy % of assets in equities. But I have protection with other instruments available to avoid a catastrophe. Always think big picture. 4 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 5 minutes ago, mreaves said: The bigger question is what is you current douche point? Seems pretty high. Sadly not at gold medal standard...perhaps you can put a good word in for me?? Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 1 hour ago, George001 said: When people are panicking, that’s when you buy. When you are seeing shit like “Buy Tesla, it’s up 100% in the past 6 months and is showing no signs of stopping”, you are too late. Correct!!...yep in 99% of all cases the big "run" has been missed... Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 2 hours ago, Great Snow 1717 said: That is what smart investors do ....in a way it is like Black Friday... Repeat this is like Black Friday...some people know how to take advantage of the "sale" and some people do not... Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 55 minutes ago, wokeupthisam said: A lot of cliche advice floating around. Sounds simple: 'buy on the dips' but that ignores the possibility of a sharpening correction and chasing added losses to the point of wasting years waiting to ride an improving mkt back to the starting point. Dollar cost averaging notwithstanding, it's not like there's no downside to buying during a selloff. There is downside risk to getting out of bed in the morning....of course there is always going to be downside risk but it is next to impossible to invest in the stock market without accepting the risk(s) of losing money.....sure people can invest in funds with very low return rates BUT they will often miss out on larger gains because of the fear of losing money. Those people are best suited to put money into CD's. Being too conservative can be just as bad as being too aggressive. 3 Link to comment Share on other sites More sharing options...
Great Snow 1717 Posted August 5 Share Posted August 5 7 hours ago, NorEastermass128 said: Everything is about to go on sale! Buy good companies at a discount if you can. Exactly!!! Link to comment Share on other sites More sharing options...
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