1989
Well-Known Member
Trump has made Obama look like e genius.
olroadbeech
Happy Verified UPSer
all we takeis long positions. going on 30 years.
if i tried to time the market over that time our portfolio would probably only be worth half of what it is now. I tried to talk a co worker to stay in the market around 2007-8 when the housing bubble burst. he took everything out of the stock market right before the crash and put it into cash.
however he stayed on the sidelines as the market slowly came back. he missed out horribly on the rebound.
we are in our 60's and wonder about our strong stock positions. Buffett says to stay 90% in the s and p even for retirees. that is good enough for me. our house is paid off, we have no debt , we have cash , and our health is fair to good.
even if the market crashed and stayed that way for 10 years we would still be okay. that's the way I look at it . our stocks have gone up about 70% or more in last 3 years so glad we stayed in.
if i tried to time the market over that time our portfolio would probably only be worth half of what it is now. I tried to talk a co worker to stay in the market around 2007-8 when the housing bubble burst. he took everything out of the stock market right before the crash and put it into cash.
however he stayed on the sidelines as the market slowly came back. he missed out horribly on the rebound.
we are in our 60's and wonder about our strong stock positions. Buffett says to stay 90% in the s and p even for retirees. that is good enough for me. our house is paid off, we have no debt , we have cash , and our health is fair to good.
even if the market crashed and stayed that way for 10 years we would still be okay. that's the way I look at it . our stocks have gone up about 70% or more in last 3 years so glad we stayed in.
Old Man Jingles
Rat out of a cage
To people with a IQ of 80.
Up In Smoke
Well-Known Member
I get it, I'm in my early 50s and have always managed a portion of my portfolio. Ten years ago, trading was expensive and cumbersome, but today with ETFs and stop limits it's easier than ever. My investment group and I teach a class once a quarter at the local senior center for retired investors. Vanguard is a great low cost tool for the buy and hold investor, but why give anyone even .2% of your money when you can buy the same product for free?
Up In Smoke
Well-Known Member
I am always "in the market" , just might be short or options. Low cost insurance for your long positions.
1989
Well-Known Member
Trump still thinks the stock market is the economy.
olroadbeech
Happy Verified UPSer
getting there.....again
Wally
BrownCafe Innovator & King of Puns
We had libs in this forum thanking Sleepy Joe Biden when the stock market was up. Suddenly they disappeared when Biden’s actions started to take full effect.
You don’t really believe presidents or their policies affect the market. Pandemics, supply chain issues and terrible 40 year fiscal policy do though.
But you already knew that.
Jkloc420
Do you need an air compressor or tire gauge
This is funny
And trueThis is funny
Jkloc420
Do you need an air compressor or tire gauge
I heard thatAnd true
from Republicans when Bush Jr collapsed the market
Up In Smoke
Well-Known Member
Much easier to make money in a down market cycle. Nobody panic buys.
Today is us the 15th anniversary of the 2007 bull market peak.
The big picture is that the US government is great for business and always has been. Government and politics are finicky and stupid. Capitalism always finds a path to prosperity.I heard that
Jkloc420
Do you need an air compressor or tire gauge
People make money by staying in the market when he goes lower, buy when there is blood in the water
Do you disagree with the short term or long term validity of both my posts?
I mean, Trump cozying up to Saudis definitely had a short term effect. How’s that look now?
Jkloc420
Do you need an air compressor or tire gauge
Actually it was a little bit of both, we were killing them by producing and sending our oil out, opec was hurting
