Homebrewale
Old Mossy Horns
I have no need anymore to be paid. That's what the stock market provided. It will be a challenge to change my mindset from accumulator to spender but I think I'm up for the challenge.
Yeah I read an article today that all the big wig investors were cutting loose of stocks now to pay taxes on gains this year vs next because they are skeered of Joe’s new tax plan."Never Underestimate Joe's ability to Fup things."
O on JB.
I'm wondering when the big crash is coming.
More often than not, when the market (DJI) gets CLOSE to a record during hours, it'll end up breaking that record. I'm gonna predict DOW 37,000 by week's end. I hope so anyways .
I don’t see a lengthy crash coming. A lot of young investors keep buying these dips for the long term. You can’t afford to buy without a discount anymore!!!define “big crash”? Just had a 2008 type crash in march 2020
More often than not, when the market (DJI) gets CLOSE to a record during hours, it'll end up breaking that record. I'm gonna predict DOW 37,000 by week's end. I hope so anyways .
I can't see inflation, the crazy housing market, and rapidly rising costs of everything not causing a 2008 or worse crash.define “big crash”? Just had a 2008 type crash in march 2020
I can't see inflation, the crazy housing market, and rapidly rising costs of everything not causing a 2008 or worse crash.
So wondering which it will hit first,,,, 37k or 32k!!!
Bwahahahaha
hmmm,,, maybe i better start looking a real job????
I have been pulling out some through the last year, yes I missed out on some $ but to old/scared to ride out another 2008 or 2020.
Hope I'm wrong but I think 32k before 37k.
smart. Greedy pigs get slaughtered.
You describe staying in the market as greed. I would describe getting out of the market and into cash as fear. Both describe the same scenario.
From Investopedia:
You are the final decision-maker for your portfolio, and thus responsible for any gains or losses in your investments. Sticking to sound investment decisions while controlling your emotions—whether they be greed-based or fear-based—and not blindly following market sentiment is crucial to successful investing and maintaining your long-term strategy.
https://www.investopedia.com/articles/01/030701.asp
Numerous studies are showing that financial advisors usually earn their keep by functioning as behavioral coaches for their clients rather than from active asset management.
https://www.investopedia.com/articl...visor-help-your-returns-how-about-3-worth.asp
As I have said, I'm a terrible market timer. As many studies show, other investors are also terrible market timer. There have been times I was ready to make big changes to my assets based on the "news". I have resisted that urge. I have stayed the course by sticking to my investing approach regardless of what the stock market is doing at the times. As a result, I'm not Buying High, Selling Low which is common among investors as they react to the swings in the market. Generally, they are lagging the market by reacting to yesterday's news.
it's a saying on wall st, and there's some truth to it when people try to wring the last nickel out of tactical trades and end up taking a bigger hit than if they'd just gotten out with a good profit.
I feel I might be the only household left in America not using Netflix
May be because they pay crappy comedians multiple millions for lack luster comedy specials. Also they are raising their monthly subscription fees again.I just use my daughter's account.
Maybe if Netflix is struggling, it it may be an indication that households are running out of discretionary money.