Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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This is around where I first started purchasing VTI so anything below that I want to try and buy. I bought a little more at 122/123 earlier this week. Unfortunately, I'm at a point where I cannot invest more without dipping into money earmarked for other things. So I'll have to continue buying at my original planned pace instead.
It's all guesswork. Pick a price you are personally comfortable with, knowing that it may never reach that price and you won't get the stock, or that it might end up going even lower and you might lose some money initially.
I'm more about long term, but for stock picks I care more about buying more towards the bottom through dollar cost averaging it out. For my 401K I will still contribute regularly enough to Max out my 401K by year end and will not change this.
Spend what you're OK losing. That's what I did with Ford (buy order in at $4.50 right now) and will do with DIS if it hits my target.
That's what I started thinking initially. But what I am "ok" with losing is changing drastically day by day.
I won't lose. I'll gain in the long term unless my picks go bankrupt.
It's just that I want to gain more buying more shares at an appropriate time. For me that might be when there's actual hope of making it through this thing. I wouldn't care if it's not at the bottom if it's relatively cheap price
China says Japan-developed drug Avigan works against coronavirus
Positive reception by Chinese government contrasts with reservations in Japan
asia.nikkei.com
My most recent DIS position was short this weeks $100 calls, which I just closed because the risk/reward of holding 3 more days for the additional 20c per option they were now worth isn't a good idea. It's getting very cheap though. Could it get to $60? Who knows. I tend to think it won't get as cheap as some hope because everyone is waiting for it. As for movies revenue, I expect to see films coming out PPV style. Universal Pictures already announced such a move, at $19.99 for 48 hour rentals.
I don't believe the lockdown goes more than a few weeks, regardless of the fact it won't be eradicated by then. Trump will say, "The healthcare system is now well prepared.", which we know it isn't.
What are peoples thoughts on BA? Down from almost $400 a year ago, and $340 just over a month ago, to $100 now. Obviously the fundamentals are horrid, but I'm sure a govt bailout is coming for them.
I just scaled back my 401k contributions to "just enough" for the employer match. Takes a month to take effect though so wish I had acted sooner. Also going with a 65/35 fund for the time being instead of 100% equities.
I'm hesitant to touch my Roth IRA even though it's tempting to cut my losses.
still making my after tax contributions because I can afford it and because I can't catch up later in the year like I can with the 401k
I'm hesitant to touch my Roth IRA even though it's tempting to cut my losses.
I'm sure there's a pic of some trader wearing a 19,000 hat....
I usually don't short. Like 99% of the time I don't. But it's because I could see the cliff that I've taken up small short positions. And it's because I've taken up those small short positions and a lot of my money being on the side lines that I haven't lost money in this market in over a week. So, there's that.
Things are gonna get reeeeeeeeeeeeeeeeaaaaaaaaaaaaaaallllllllllllllllll ugly, though.
Things are gonna get reeeeeeeeeeeeeeeeaaaaaaaaaaaaaaallllllllllllllllll ugly, though.
It just boggles my mind that we aren't even close to the worst of the virus here in the states.
Gonna take a long time to recover from this... And although Trump could have done *a lot* more to combat this, there's really no escaping it now. We just gotta ride out the storm, listen to the epidemiologists, and hope for the best.
Not yet. Close on Nov 8 2016 was 18,332 and 2,139, so the S&P 500 is still up 11%.
dow was at about 17.2k 4 years ago, we've got a ways to go but at this rate it could come sooner than we think.
News that bird flu cases are detected in China and Philippines isn't going to help calm the markets.
dailytimes.com.pk
China, Philippines detects bird flu outbreak | Daily Times
In the shadow of the coronavirus outbreak, a deadly disease has emerged in chickens in a Chinese province near the epicenter of the outbreak.
dailytimes.com.pk
There is a Trump tweet for everything. He's like the Simpsons in that regards.
Don't.
Unless you need it, hold. This too shall pass... Though it's going to be a painful ride.
yeah def not happening if you are relying on just the market with the down turn.
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Dow is garbage, 30 weirdly scaled company stocks is not a good representation of the US market.
Use the S&P or the Russel for comparisons to the past:
The S&P500 closed at 2263.69 on January 19 2017
The Russel 3000 closed at 1345.58 on January 19 2017
Dow is garbage, 30 weirdly scaled company stocks is not a good representation of the US market.
Use the S&P or the Russel for comparisons to the past:
The S&P500 closed at 2263.69 on January 19 2017
The Russel 3000 closed at 1345.58 on January 19 2017
I feel REALLY bad for folks who took a bath during all of this. My grandpa called me last night saying his portfolio was down over $100k. I mean, he's 86, but still.
For me, it's a good excuse to invest a little here and there while things are low (and likely to recover to at least higher than they are now).
For me, it's a good excuse to invest a little here and there while things are low (and likely to recover to at least higher than they are now).
For sure. All these pie in the sky promise companies that got multi billion dollar market caps and make almost no money can finally crash as they deserve.
Dow is garbage, agreed. Best to go with election night. From then on, market was definitely pricing in Trump, from well before the inauguration. Close on Nov 8 2016 was 18,332 and 2,139.
I'm considering pulling out money out of a mutual fund. Miraculously it's still up 18% over the past year but I know it's only going to continue to go down from here and I think it's better to have that cash now since this doesn't seem like it's going to end anytime soon.
When talking about the economy, Dow is evidently not the best measure. When measuring Trump? It's the measure he himself chose as the benchmark for the economy because baby likes big numbers. So hang that shit around his neck.
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