|
05-12-2022, 03:44 PM | #6997 |
M3
1426
Rep 725
Posts |
I pulled out of BBY at a loss in my current position, though was green overall for the year. It has dropped by 25 points since where I sold it. I've accepted that right now, it's just not worth the risk to invest. I'm willing to miss the upside, but be stress free in all this volatility. There are no positives economically or geopolitically that say equities are a good place to be right now. Moreover, the run up from the time Covid started is not warranted, IMO.
It's like entering the housing market right now. Just can't justify the absurdity. The downside of sitting on cash, with inflation the way that it is, the time value of money. Getting poorer every day relative to where I was yesterday. |
Appreciate
1
antzcrashing1874.50 |
05-12-2022, 05:12 PM | #6998 |
Captain
663
Rep 740
Posts |
Keep the long-term perspective and you'll be fine. If you need the money within a year or two, it has no business being in the market.
Sure the S&P is down 18% YTD, down to 3930 from 4796, but considering that I started buying in when it was 670, and have been purchasing regularly since then, I don't see a reason to make a change. The market goes both up and down, but over time it goes up. I figure there will be 2-3 more recessions before I retire, so no need to jump out the window over this one. |
Appreciate
5
|
05-20-2022, 04:02 PM | #6999 |
Brigadier General
1875
Rep 3,200
Posts Drives: 2018 BMW 440i GC Join Date: Sep 2007
Location: Eastern MA
|
Stock mkt going to ping pong until we get inflation print numbers, and if they are hot, the market will tumble, if they are cool, the market will rally on hopes that fed will back off. Its the same game we played last rate hike cycle. It's anyone's guess as to if inflation will be hot, my guess is that it will for several more months, maybe all 2022
|
Appreciate
1
Humdizzle6024.00 |
05-20-2022, 09:38 PM | #7000 | |
Captain
522
Rep 743
Posts |
Quote:
Long term outlook is the key. Market ALWAYS recovered and made all time highs. I just keep adding on red days and know it will reward my account in the long term. Think of this time as “Sale season” |
|
Appreciate
2
Humdizzle6024.00 antzcrashing1874.50 |
05-21-2022, 12:49 AM | #7001 |
Brigadier General
6024
Rep 3,610
Posts |
i know this isn't a crypto thread but the same logic applies. nobody wants to buy when there is panic. then they kick themselves on the ATH
|
Appreciate
2
antzcrashing1874.50 2000cs3443.50 |
05-21-2022, 06:13 AM | #7002 |
Lieutenant Colonel
11166
Rep 1,775
Posts Drives: E86 3.0si Join Date: Oct 2011
Location: Susquehanna Valley
iTrader: (0)
Garage List '08 Z4 3.0SI [8.50]
'66 Triumph TR4A [0.00] '85 Corvette [0.00] '64 Corvette [0.00] '68 Triumph GT6 [0.00] '55 Ford F100 [0.00] '19 VW Golf "R ... [0.00] |
I know this isn't a bond thread, but as of May 1st, the inflation linked series "I" bonds are now paying 9.62%.
https://www.treasurydirect.gov/indiv...nds_glance.htm |
06-10-2022, 10:40 AM | #7003 |
e90noob
1588
Rep 1,857
Posts |
i learned an expensive lesson
this is probably obvious to everyone but don't put money into the stock market if you need it in the short term i threw some of the house down payment money into investment account a year ago trying to catch some of the gains from the market instead of letting the money sit in a savings account at just 0.25% interest initially was up 10% but now overall lost about 30%+ we are closing escrow on our new home so i had to sell off most of the investment account holdings at major losses i got greedy i thought i'd just make a quick hit and run market said nope
__________________
2008 E90 M3 / LCI trunk + euro tail swap
Production date - 2008-04-22 |
Appreciate
4
|
06-10-2022, 11:06 AM | #7004 | |
Lieutenant Colonel
3227
Rep 1,606
Posts |
Quote:
|
|
Appreciate
0
|
06-10-2022, 11:58 AM | #7005 | |
Private First Class
1223
Rep 131
Posts |
Quote:
|
|
Appreciate
0
|
06-10-2022, 12:06 PM | #7006 |
Private First Class
1223
Rep 131
Posts |
|
Appreciate
0
|
06-10-2022, 12:47 PM | #7007 | |
e90noob
1588
Rep 1,857
Posts |
Quote:
So you can ride it out My losses are realized Going to be eating instant noodles for a year now
__________________
2008 E90 M3 / LCI trunk + euro tail swap
Production date - 2008-04-22 |
|
Appreciate
1
Tyga113227.00 |
06-10-2022, 12:50 PM | #7008 | |
Lieutenant Colonel
3227
Rep 1,606
Posts |
Quote:
Just realize we are all in the same boat |
|
Appreciate
0
|
06-10-2022, 01:34 PM | #7009 |
Brigadier General
1875
Rep 3,200
Posts Drives: 2018 BMW 440i GC Join Date: Sep 2007
Location: Eastern MA
|
|
Appreciate
0
|
06-13-2022, 11:21 AM | #7011 |
Major General
3540
Rep 9,785
Posts |
Bloodbath morning. Depending on the rate hikes, this is likely to continue for a while.
|
Appreciate
1
antzcrashing1874.50 |
06-13-2022, 11:23 AM | #7012 |
e90noob
1588
Rep 1,857
Posts |
Did you make money off your prediction?
__________________
2008 E90 M3 / LCI trunk + euro tail swap
Production date - 2008-04-22 |
Appreciate
0
|
06-13-2022, 11:30 AM | #7013 |
Major
2462
Rep 1,144
Posts |
|
Appreciate
1
antzcrashing1874.50 |
06-13-2022, 11:31 AM | #7014 | |
Private First Class
1223
Rep 131
Posts |
Quote:
This is still not a market in which to be taking on a lot of naked risk. Hedging is extremely important. Thank god for those SPY Jul 15 $380 puts that I picked up at the end of may. Savin' my bacon today. |
|
Appreciate
0
|
06-13-2022, 11:44 AM | #7015 |
Captain
3444
Rep 1,004
Posts |
VIX is way up this session, and all indices down but bouncing a bit.
Fed will raise at least 50 bps and market is concerned 75bps this month, then more coming. So “terminal” rate is now much higher than a week ago before the CPI print. 2/10 inverted, a recession signal. But bounced back last I looked. Market now sees inflation having not peaked (may be soon, but not there yet), Fed moving more aggressively, more risk of a real recession (likely we are already in a minor one) or hard landing. So a downer for markets. Market may be overreacting, but there is a possibility this is a bear trigger and we will go down quite a bit before recovering. Fed has to be delicate but fiscal policy will not improve until after mid-terms, and then not likely (if Rs take seats, prez will veto their legislation). Earnings remain pretty good, outlook mostly good; just the value of those earnings (and divs) is declining as rates increase. |
Appreciate
1
Hit_Apex2327.00 |
06-13-2022, 12:05 PM | #7016 |
M3
1426
Rep 725
Posts |
So glad I got out, I took a haircut on BBY at $110 (-6 points), that was the only stock in my trading portfolio at the time. Now it's below $70. I'm waiting with cash on the sidelines. Don't care if I don't time it correctly when it turns. Needs to be way less volatility for me to invest. That's my discretionary account. My employer Roth is taking a beating, 75% of it is in large equities. No sense in changing the mix now, I'm just maximizing contributions and getting the company match, that's a long term play.
|
Appreciate
1
antzcrashing1874.50 |
06-13-2022, 01:17 PM | #7018 |
Major
2462
Rep 1,144
Posts |
I think the bottom is closer to pre-covid numbers - Look 2/18/2020. A big reset.
|
Appreciate
1
antzcrashing1874.50 |
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|