Anler Posted October 11, 2018 Share Posted October 11, 2018 3 minutes ago, Edmo said: The reality is it’s been pretty stable the last six months or so. Hardly any volatility at all and pretty much ignored this whole trade war business. It was a reaction to interest rates. That's it. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 4 minutes ago, Edmo said: The reality is it’s been pretty stable the last six months or so. Hardly any volatility at all and pretty much ignored this whole trade war business. It’s been infused with billions of dollars since the tax cuts. Now there’s skyrocketing budget deficits in its wake. A good portion of the economy has been supported by a Goldilocks global economy and huge deficits. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 11, 2018 Share Posted October 11, 2018 3 minutes ago, ActionfigureJoe said: It does show how fragile the market is at this point. Stick to the sidelines. Risk is the one constant in the market. Quote Link to comment Share on other sites More sharing options...
Pete Posted October 11, 2018 Share Posted October 11, 2018 7 minutes ago, ActionfigureJoe said: It does show how fragile the market is at this point. its always fragile no matter whos in charge. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 Just now, ATOMIC PUNK said: its always fragile no matter whos in charge. So you see no increased danger in trump’s fiscal policies? Ok. Carry on. Quote Link to comment Share on other sites More sharing options...
Pete Posted October 11, 2018 Share Posted October 11, 2018 2 minutes ago, ActionfigureJoe said: So you see no increased danger in trump’s fiscal policies? Ok. Carry on. youre blatant TDS is very evident.. carry on.. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 1 minute ago, ATOMIC PUNK said: youre blatant TDS is very evident.. carry on.. I will. Because I’m right and you’re blind to what’s coming. It’s ok. I followed Dubya as well. We all get caught up into the bullshit at some point in our lives. Quote Link to comment Share on other sites More sharing options...
Pete Posted October 11, 2018 Share Posted October 11, 2018 (edited) 53 minutes ago, ActionfigureJoe said: I will. Because I’m right and you’re blind to what’s coming. It’s ok. I followed Dubya as well. We all get caught up into the bullshit at some point in our lives. "because im right" arrogant fuck I bet you thought you were "right" on election night too hahahahahahahahahahahahahaha Edited October 11, 2018 by ATOMIC PUNK Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 2 hours ago, ArcticCrusher said: Stick to the sidelines. Risk is the one constant in the market. I disagree. While the market can be disagreeable, there’s times to be in and times to be out. This correction was way overdue. There’s nervousness here that goes far beyond the interest rate hike. The global economy is in a precarious position right now. That’s divingba portion of this decline. The market will stabilize tomorrow going into the weekend. But the madness of trump’s economic crap shoot has yet to show its teeth. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 1 hour ago, ATOMIC PUNK said: "because im right" arrogant fuck I bet you thought you were "right" on election night too hahahahahahahahahahahahahaha Suit yourself. It’s so fucking obvious what’s coming down. Just take trump’s dick out of your mouth and look. Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 11, 2018 Share Posted October 11, 2018 (edited) 17 hours ago, ActionfigureJoe said: How many? As many as time permits. if you stick with it long enough one of these years the prediction may just be correct . Edited October 11, 2018 by Ez ryder Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted October 11, 2018 Share Posted October 11, 2018 6 hours ago, Highmark said: Pay attention to later today. Does a big buy in happen after say 2 pm? Be ready for the lows with some cash. Hmmmmm Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 11, 2018 Share Posted October 11, 2018 42 minutes ago, ActionfigureJoe said: I disagree. While the market can be disagreeable, there’s times to be in and times to be out. This correction was way overdue. There’s nervousness here that goes far beyond the interest rate hike. The global economy is in a precarious position right now. That’s divingba portion of this decline. The market will stabilize tomorrow going into the weekend. But the madness of trump’s economic crap shoot has yet to show its teeth. The best in this business can't time the markets and looking in the rear view mirror does not help. I haven't come across anyone who can predict the markets, at least not anyone worth a damn. Your problem is you are too concerned with the short term noise instead of looking at the long term picture. That's a poor approach to focus on the one year in say seven the market will turn negative instead of being well positioned for the better longer term growth periods. Wealth managers/advisers don't care none as they get paid the same for piss poor or stellar results, what other industry can we say the same? I am glad my money is invested by the best in this business and I see no issue changing that. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 10 minutes ago, ArcticCrusher said: The best in this business can't time the markets and looking in the rear view mirror does not help. I haven't come across anyone who can predict the markets, at least not anyone worth a damn. Your problem is you are too concerned with the short term noise instead of looking at the long term picture. That's a poor approach to focus on the one year in say seven the market will turn negative instead of being well positioned for the better longer term growth periods. Wealth managers/advisers don't care none as they get paid the same for piss poor or stellar results, what other industry can we say the same? I am glad my money is invested by the best in this business and I see no issue changing that. I’ve been in the market almost 40 years to varying degrees. I’ve done well. Not spectacular, but well. I have a 30 year state pension, lifetime of paying into SS, good liquidity, very low debt, and I’m approaching 60. I like where I’m at. It’s the time to play it safe. I don’t like what I see right now. Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted October 11, 2018 Share Posted October 11, 2018 https://www.marketwatch.com/story/dow-40000-is-coming-but-only-after-a-large-panic-event-passes-analyst-warns-2018-10-11 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted October 11, 2018 Author Share Posted October 11, 2018 2 minutes ago, xtralettucetomatoe580 said: https://www.marketwatch.com/story/dow-40000-is-coming-but-only-after-a-large-panic-event-passes-analyst-warns-2018-10-11 More good news for the little guy. Quote Link to comment Share on other sites More sharing options...
xtralettucetomatoe580 Posted October 11, 2018 Share Posted October 11, 2018 Just now, ActionfigureJoe said: More good news for the little guy. I thought I’d interject someone’s positive opinion on where we are going. Just to keep it honest in here hahaha. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted October 11, 2018 Platinum Contributing Member Share Posted October 11, 2018 9 minutes ago, ActionfigureJoe said: I’ve been in the market almost 40 years to varying degrees. I’ve done well. Not spectacular, but well. I have a 30 year state pension, lifetime of paying into SS, good liquidity, very low debt, and I’m approaching 60. I like where I’m at. It’s the time to play it safe. I don’t like what I see right now. You should be in a safe position. Someone who is 25-45 should not and be looking long term. If history is correct there is no better long term investment than stocks. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 11, 2018 Share Posted October 11, 2018 6 minutes ago, ActionfigureJoe said: I’ve been in the market almost 40 years to varying degrees. I’ve done well. Not spectacular, but well. I have a 30 year state pension, lifetime of paying into SS, good liquidity, very low debt, and I’m approaching 60. I like where I’m at. It’s the time to play it safe. I don’t like what I see right now. I've been in it for over 30 years, learned a few lessons. Done well overall esp the last 10 years. I have another 10 years before I even consider retirement but I have already killed all my financial planning goals so I don't need to be concerned with age and risk. It's balls to the walls until I kick this shitty world. I understand your situation regarding risk though. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 11, 2018 Share Posted October 11, 2018 8 minutes ago, Highmark said: You should be in a safe position. Someone who is 25-45 should not and be looking long term. If history is correct there is no better long term investment than stocks. That is for people who have missed their goals, ie the majority. At 60 you can live another 30 years, 30 years is a very long time to be in a piss poor portfolio. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted October 11, 2018 Share Posted October 11, 2018 21 minutes ago, ActionfigureJoe said: I’ve been in the market almost 40 years to varying degrees. I’ve done well. Not spectacular, but well. I have a 30 year state pension, lifetime of paying into SS, good liquidity, very low debt, and I’m approaching 60. I like where I’m at. It’s the time to play it safe. I don’t like what I see right now. Im in the same boat. Im playing it save. My budget for the rest of my life assumes a 3% ROI. If I have better gains my grandkids will get more money when Im gone. Ups and downs in the market dont bother me much. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted October 11, 2018 Platinum Contributing Member Share Posted October 11, 2018 38 minutes ago, ArcticCrusher said: That is for people who have missed their goals, ie the majority. At 60 you can live another 30 years, 30 years is a very long time to be in a piss poor portfolio. It is a tough call. No one wants to live the golden yr like a pauper. That being said being the wealthiest guy in the cemetary would blow too. As Warren Buffet says " in the perfect world the last check you ever write bounces" Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 11, 2018 Share Posted October 11, 2018 10 minutes ago, steve from amherst said: It is a tough call. No one wants to live the golden yr like a pauper. That being said being the wealthiest guy in the cemetary would blow too. As Warren Buffet says " in the perfect world the last check you ever write bounces" I say that all the time and it's astonishing how many people end up that way............ fuck that. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted October 11, 2018 Share Posted October 11, 2018 53 minutes ago, snoughnut said: I say that all the time and it's astonishing how many people end up that way............ fuck that. Actually only one person is the wealthiest guy in the cemetery. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted October 11, 2018 Share Posted October 11, 2018 1 hour ago, steve from amherst said: It is a tough call. No one wants to live the golden yr like a pauper. That being said being the wealthiest guy in the cemetary would blow too. As Warren Buffet says " in the perfect world the last check you ever write bounces" Not really. I think you missed the point. Quote Link to comment Share on other sites More sharing options...
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