(03-17-2020, 08:27 PM)enigma Wrote: [ -> ] (03-17-2020, 07:36 PM)lastonealive Wrote: [ -> ]Markets are going back down today. I can't see how all these closures don't end in huge unemployment and economic contraction.
Have to be nuts buying shares right now.
Buy on fear.
Sell on greed.
They aren't discounted enough though. Also dividends are going to be out the window for many companies. So you are going to be earning very little on your capital. May as well go hit the casino.
(03-18-2020, 12:32 AM)Senor Fantastico Wrote: [ -> ] (03-17-2020, 11:18 PM)lastonealive Wrote: [ -> ]They aren't discounted enough though. Also dividends are going to be out the window for many companies. So you are going to be earning very little on your capital. May as well go hit the casino.
They're closed.
[BLEEP]. Off to the strip club, then.
(03-17-2020, 11:18 PM)lastonealive Wrote: [ -> ] (03-17-2020, 08:27 PM)enigma Wrote: [ -> ]Buy on fear.
Sell on greed.
They aren't discounted enough though. Also dividends are going to be out the window for many companies. So you are going to be earning very little on your capital. May as well go hit the casino.
Casino....
Most advanced diverse economic engine in the history of mankind supercharged with pent up demand...
Hmmmm
Decisions decisions.
Anyone under the age of around 45 with some scratch to spare. You know what to do.
(03-17-2020, 07:36 PM)lastonealive Wrote: [ -> ]Markets are going back down today. I can't see how all these closures don't end in huge unemployment and economic contraction.
Have to be nuts buying shares right now.
There is nothing wrong with buying select stocks and/or sectors right now if you are investing for the long term. You just have to do the research and homework.
(03-19-2020, 11:23 AM)enigma Wrote: [ -> ] (03-18-2020, 09:26 PM)flsprtsgod Wrote: [ -> ]6 foot spacing.
Not a problem...
'Scuse me while I whip this out.
(03-19-2020, 11:40 AM)jagibelieve Wrote: [ -> ] (03-17-2020, 07:36 PM)lastonealive Wrote: [ -> ]Markets are going back down today. I can't see how all these closures don't end in huge unemployment and economic contraction.
Have to be nuts buying shares right now.
There is nothing wrong with buying select stocks and/or sectors right now if you are investing for the long term. You just have to do the research and homework.
I cherry picked a few of my favorites to buy and hold. The one that I'm watching is DIS that I got last week at $92 and change. I really don't buy individual stocks very often, but it seems like some of the big companies are on fire sale right now.
(03-19-2020, 12:16 PM)flsprtsgod Wrote: [ -> ] (03-19-2020, 11:40 AM)jagibelieve Wrote: [ -> ]There is nothing wrong with buying select stocks and/or sectors right now if you are investing for the long term. You just have to do the research and homework.
I cherry picked a few of my favorites to buy and hold. The one that I'm watching is DIS that I got last week at $92 and change. I really don't buy individual stocks very often, but it seems like some of the big companies are on fire sale right now.
Disney is another solid company to buy long term (my opinion). I think it could ramp back up to north of $110 pretty quickly and get back to $150 over the next year or so. Many companies with strong balance sheets are in fact "on sale" right now. DIS is another stock that could possibly slip lower than your buy price, but it's going to go up regardless. Their streaming service is going to be a money maker along with once the theme parks open back up.
(03-19-2020, 01:04 PM)jagibelieve Wrote: [ -> ] (03-19-2020, 12:16 PM)flsprtsgod Wrote: [ -> ]I cherry picked a few of my favorites to buy and hold. The one that I'm watching is DIS that I got last week at $92 and change. I really don't buy individual stocks very often, but it seems like some of the big companies are on fire sale right now.
Disney is another solid company to buy long term (my opinion). I think it could ramp back up to north of $110 pretty quickly and get back to $150 over the next year or so. Many companies with strong balance sheets are in fact "on sale" right now. DIS is another stock that could possibly slip lower than your buy price, but it's going to go up regardless. Their streaming service is going to be a money maker along with once the theme parks open back up.
I've got them on my hold list, so whatever happens the next 6 months doesn't matter to me that much. Like I said, most of my stuff is in Funds not individual stocks. This is mostly just some speculation on the fact that prices are so very low.
(03-19-2020, 02:59 PM)flsprtsgod Wrote: [ -> ] (03-19-2020, 01:04 PM)jagibelieve Wrote: [ -> ]Disney is another solid company to buy long term (my opinion). I think it could ramp back up to north of $110 pretty quickly and get back to $150 over the next year or so. Many companies with strong balance sheets are in fact "on sale" right now. DIS is another stock that could possibly slip lower than your buy price, but it's going to go up regardless. Their streaming service is going to be a money maker along with once the theme parks open back up.
I've got them on my hold list, so whatever happens the next 6 months doesn't matter to me that much. Like I said, most of my stuff is in Funds not individual stocks. This is mostly just some speculation on the fact that prices are so very low.
If you hold for a year or more you will be rewarded. I too very seldom buy individual stocks, I mostly buy sectors. However, much like Disney I put money into Micro$soft because it's going to go up no matter what. The thing is that you have to be willing to take on risk. You have to also be able to accept a $1000.00 or $10,000.00 move either way depending on how much you are invested.
My advice to people with 401k plans... don't [BLEEP] with it. Just keep contributing and "look away" from the financial news. Trying to move assets around or change allocation is going to lose you money in the long term. The best thing to do with a 401k (in my opinion) especially if your employer offers matching is to find a good mutual fund and just contribute and not think about it. Jumping out of a fund because the market is down right now is the dumbest thing to do. If anything I would have put more cash into it. It's going to come back.
In my best 2nd grade impression: Loeffler and Burr are in trouble.....
They are only human after all
(03-19-2020, 11:00 PM)Gabe Wrote: [ -> ]In my best 2nd grade impression: Loeffler and Burr are in trouble.....
I thought so too at first, but then I found out Loeffler and her husband are worth $500 million, so a stock trade of a few million could just be an average day.
And Burr has claimed he filed the disclosure forms weeks before the market started to fluctuate wildly as a result of the virus spreading.
https://www.cnn.com/2020/03/19/politics/...index.html
(03-20-2020, 05:45 AM)The Real Marty Wrote: [ -> ] (03-19-2020, 11:00 PM)Gabe Wrote: [ -> ]In my best 2nd grade impression: Loeffler and Burr are in trouble.....
I thought so too at first, but then I found out Loeffler and her husband are worth $500 million, so a stock trade of a few million could just be an average day.
And Burr has claimed he filed the disclosure forms weeks before the market started to fluctuate wildly as a result of the virus spreading.
https://www.cnn.com/2020/03/19/politics/...index.html
Add Feinstein to the list. Completely deplorable
CNN: "Richard Burr, 3 Other Senators Sold Stock..."
Fox News: "Diane Feinstein, 3 Other Senators Sold Stock..."
(03-20-2020, 08:27 AM)The Real Marty Wrote: [ -> ]CNN: "Richard Burr, 3 Other Senators Sold Stock..."
Fox News: "Diane Feinstein, 3 Other Senators Sold Stock..."
After DiFi's actions in the Kavanaugh debacle, I think she should go to jail first.
(03-20-2020, 08:27 AM)The Real Marty Wrote: [ -> ]CNN: "Richard Burr, 3 Other Senators Sold Stock..."
Fox News: "Diane Feinstein, 3 Other Senators Sold Stock..."
Lol. Don’t you love it? Our once vaunted press has gone completely to hell.