Get out of the Stock Market??? - Page 2 - Chevelle Tech
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post #16 of 49 (permalink) Old Jan 16th, 16, 7:51 PM
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Tom Terrific II
 
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Re: Get out of the Stock Market???

dump stocks when things hit a rough spot, that's the well-known buy high, sell low strategy.

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post #17 of 49 (permalink) Old Jan 16th, 16, 7:54 PM Thread Starter
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Re: Get out of the Stock Market???

Quote:
Originally Posted by Tom Mobley View Post
dump stocks when things hit a rough spot, that's the well-known buy high, sell low strategy.
Good input.
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post #18 of 49 (permalink) Old Jan 16th, 16, 8:10 PM
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Re: Get out of the Stock Market???

Just a long overdue market correction.
As mentioned above I too have a good pension and a Military retirement. Our 401/457 plans are just extra cash for traveling after we retire. I'm content to let it ride as I did in 2008. SSI after deductions for my pension will be just beer money.

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post #19 of 49 (permalink) Old Jan 16th, 16, 8:20 PM
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Re: Get out of the Stock Market???

Same kind of discussion my wife and I are having ........ we are heavily invested in the market today down 200k on paper........for us being in the Canadian market which is heavy with resource stocks we are looking at it this way ........if you take out the oil and gas stocks , how is the rest of the market doing ?? the balance of stocks are not that bad and are blue chip mainly banks so big question is how long will the price of oil be depressed that seems to be the question we have decided to ride it out and as said sell off marginal ones and buy blue chip oil and gas opportunistically

My big mistake was not investing the US dollar in a bigger way last fall ........ best return by far is the US dollars we have bot but should have way more but of course that's not along term strategy

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post #20 of 49 (permalink) Old Jan 16th, 16, 10:45 PM Thread Starter
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Re: Get out of the Stock Market???

Agree.
A different situation for us guys that have already rode out the last 30+ years and now are comfortably retired.
Probably move a chunk into something more conservative. That'll calm Momma's nerves for awhile.
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post #21 of 49 (permalink) Old Jan 16th, 16, 11:03 PM
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Re: Get out of the Stock Market???

Fist I am not a $ adviser .. And Yes were down 100 plus K...


My guy called us on Thursday , Just to say SIT tight ...


Also asked if We hand any extra to invest .... Marked Down you do not SELL you Buy Buy Buy

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post #22 of 49 (permalink) Old Jan 16th, 16, 11:14 PM
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Re: Get out of the Stock Market???

Quote:
Originally Posted by jac View Post
Exxon will NOT go out of business

That's what I thought about WAMU and GM... I lost a ton when the Government shut them down. Despite those big losses, I came back up. It'll come back again.


But then there is always Enron...another energy company.

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post #23 of 49 (permalink) Old Jan 17th, 16, 1:56 AM
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Re: Get out of the Stock Market???

Quote:
Originally Posted by Tom Mobley View Post
dump stocks when things hit a rough spot, that's the well-known buy high, sell low strategy.
Quote:
Originally Posted by WayneK
Also asked if We hand any extra to invest .... Marked Down you do not SELL you Buy Buy Buy
Is it just a "rough spot"? or does it have much further to drop? I agree, don't "sell low" but how many think this is the "low" right now... Not an expert, but I am thinking it may still drop a bit further in the near future.

Not sure what to do myself... My wife wants to move everything out of stocks, even if the returns are low... then once we a fairly confident things have bottomed out, then we would look at getting back in...

Our Roth has lost 5.4% YTD (only 10 days in?), and it wasn't overly aggressive... Similar for our 401K's...

I tend to fund my Roth yearly, before the April 15 deadline... This year my wife wants to just keep the cash liquid...

Not really trying to time the market, but figuring we'd rather preserve our current portfolio value, we can grow it later... +0.1% is better than -5%...

I'll be 49 next week, so I have a ways to go anyway, but I just hate that our portfolio lost so much back in 2006-2008...

Once you go RAT, you never go back...
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post #24 of 49 (permalink) Old Jan 17th, 16, 6:46 AM
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Re: Get out of the Stock Market???

It is really nice to be able to talk to other people about different subjects
on this site,thanks for all the input

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post #25 of 49 (permalink) Old Jan 17th, 16, 7:37 AM
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Re: Get out of the Stock Market???

There are no experts in the stock market. Everyone has an opinion, that's all.

My method is this: buy ETFs, mutual funds, individual stocks and S&P500 index fund, whatever you want when the economy is healthy. When you get nervous, sell everything but the index fund. Buy more of the index. That will be lower risk and you will stay invested.

Tom
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post #26 of 49 (permalink) Old Jan 17th, 16, 7:42 AM
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Re: Get out of the Stock Market???

Quote:
Originally Posted by Kaizen View Post

to low return more stable investments.
What type if investment are you talking about? Name some names please.
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post #27 of 49 (permalink) Old Jan 17th, 16, 8:31 AM
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Re: Get out of the Stock Market???

I'm totally lost on this stuff..
any good links to read/book/ect.
that won't quickly go over a newbie's head.
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post #28 of 49 (permalink) Old Jan 17th, 16, 8:31 AM
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Re: Get out of the Stock Market???

I moved to an all cash position last October at around 17,500 Dow territory...I'll be happy to sit and watch for a while.
If you haven't lost until you have sold, go and ask your broker where the rest of your money is and can you have it today.
I'll bet that un-lost money is in the back room somewhere....
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post #29 of 49 (permalink) Old Jan 17th, 16, 9:09 AM
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Re: Get out of the Stock Market???

Ya, that's some brilliant insight right there. Very helpful. Be sure to PM us all when its time to get back in. A few days beforehand would be nice, as most of us are uncannily accurate looking backwards.

Professionals ought not give advice on public boards, but the questions I would ask are these: 1.) does the stock market often go through 10-20% corrections as a matter of course? Is this economic backdrop ( US I mean) different than in the 2008-2009 time frame?

For the big dollar investors, do you have an idea of your needs and surplus capital? Surplus can be more aggressively invested and needs is what the name implies. The trouble with needs cap is that conservative decent yielding investments are scant. Intermediate term corporate bonds only yield 3% ( use BIV as a proxy).

One "axiom" we used to hang our "hats on" was to ensure retirees' investments had a good dollup of inflation protection in their asset mix, and one of those was oil/gas. The old addage was " we've always made money for our clients buying oil cheap " . My question to you all is, has this changed systemically, or is this is a short-term blip?

One area we've never jumped into as the publicly traded investments weren't valued well, but which has always intrigued me as an alternative asset and inflation hedge is - US farmland. It looks like the Saudis think its time to buy more and they are buying US farmland to produce grains for their cattle back home. The cross current is, ultra-low interest rates have pushed values of everything higher, so lots of mini-bubbles still exist.

Going back to the "sage advice" given earlier, Dow 17,500 - 16,000 = 1500/17500 = - 10% . Is this the 10% correction we've been waiting for since 2012? Is it over, or does it extend into a protracted bear market shooting for a 20% correction, implying somewhere around 14,000 on the Dow30. ??? I'm asking, not telling. And yes, it was odd to see a few majors call for selling out a few weeks back, which begs the question - were they already short the market?

To Eric, while its not a "investments for dummies" book, the secondary text I tell our undergrad students to buy from Amazon is "The Intelligent Investor" written by Benjamin Graham, the godfather of value investing. If you PM me your email, I'll send over a "primer" on investments - ABC's type of thing which is a 10 page bascis document.

Sage advice from my son Donovan, " Dad if oil gets any cheaper, how can I buy a few barrels?? " Indeed.

Up your assets y'all !

Gene
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post #30 of 49 (permalink) Old Jan 17th, 16, 9:47 AM
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Re: Get out of the Stock Market???

Buy a tangible item, such as a collector car.
Resell it for a profit 1 or 2 years later.
It's tax free in the end. U can enjoy it for a while.
That will make U feel better about investing and making money.
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