In the midst of the pandemic and the riots etc....

20 comments

• SanchoRG

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  4 years ago

  Anyone else getting rich? This is fucking ridiculous!!! I'm loaded up with the dumbest fucking stocks and just killing it right now. Macys? Lol but I'm making money
• sinclair

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  4 years ago

  My 401(k) is now well above its previous peak in February. A global pandemic and rioting can't stop the Trump train. All aboard!
• Jascoi

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  4 years ago

  I should jump on board .
• JamesSD

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  4 years ago

  Well right now the data suggests the recovery may be faster than some feared. The market tends to be a leading not lagging indicator. Plus I imagine Trump will want to keep juicing the economy as much as possible, likely leading to money being printed
• twentyfive

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  4 years ago

  @Dadillac don't forget to load up on JnJ
• Uprightcitizen

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  4 years ago

  The forward looking market is priced for perfection. Don't get me wrong, I am not complaining.
• Papi_Chulo

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  4 years ago

  #RichLivesMatter
• Daddillac

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  4 years ago

  @25.... lol it is the only stock needed, the rest are all trash
• mark94

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  4 years ago

  The genius market timers who got out in April to reduce risk, and didn’t get back in until recently, lost out on about 40% of run up. That delays retirement for 5 years. Maybe 10.
  
  The best market strategy is to invest in a broad index fund then never, ever touch it. Ever.
• Papi_Chulo

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  4 years ago

  ^ "it comes down to time spent *in* the market, not timing the market"
• Daddillac

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  4 years ago

  I normally attract around a million dollars a month in new investments from new and existing clients (at least I have over the past 20 years). During the shutdown I brought in over a million a week for 8 weeks running. Now that it has come back I have a lot of happy investors.
• ime

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  4 years ago

  I have a good friend who back when this was all starting told me he was moving all his money in his 401k to a money market and was going to stop contributing to since he wanted to have more cash on hand. I told him to really think about it if he really thinks he can time the market, and I am doing the opposite I am keeping everything where it is and maxing out my Roth as much as possible as early as possible. I hope he thought better and didn't do it but I am pretty sure he is kicking himself now.
• SanchoRG

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  4 years ago

  It's funny, cause cash holders will miss out on this run, go balls deep all in on the next major dip and get stuck in an L-shape Japan situation lol
• Uprightcitizen

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  4 years ago

  pre-Covid this market was "frothy" and ready for a correction. Have a severe correction, terrible earnings and pump monetary stimulus and wheeeee it's like a drunken boat party.
  
  For the record I am long equities but I have my doubts on this medium term.
• SanchoRG

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  4 years ago

  Lot of rumblings about a correction in July. Something about triple-leveraged ETFs ruining the market & volatility contracts moving over from June to July. After that tho we're going up another 20% easy I think. We're in a bubble within a bubble so strap in. Just don't be slower to sell than the slowest guy when the day comes.
• Papi_Chulo

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  4 years ago

  "... I have a good friend who back when this was all starting told me he was moving all his money in his 401k to a money market and was going to stop contributing to since he wanted to have more cash on hand ..."
  
  I did that in the late-2000s great-recession - I went as bad as getting out in early-2009 and staying out till early 2011 and missed the big 2009 and 2010 run-up - I still bitch-slap-myself when I think about it - at the very least I should have had the sense to get back-in at some point in 2009 but I had a lot of shit going on during that time including losing my job end of '09 and having my mom in the hospital for several-months so my mind was kinda mush during that time (and that time I knew even less about investing than I know now and by no-means do I consider my expert now) - but still I fucked-up by getting out and even worse staying-out way too f'ing long.
• chessmaster

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  4 years ago

  Yeah i started buying a couple bs stocks right after all the shutdowns and now they're all up except gold. Lol
• Uprightcitizen

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  4 years ago

  This is a trader's market IMO. Volatile and unstable
• SanchoRG

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  4 years ago

  It's a casino and house is losing badly. House being fearful bears
• RandomMember

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  4 years ago

  Counting your chickens? LOL, that was a fast retreat.