(03-31-2020, 04:14 PM)jagibelieve Wrote:

(03-31-2020, 03:07 PM)Senor Fantastico Wrote: Yes, me slightly snarkily calling someone out is so outrageously arrogant. So out of line compared to the rest of this board. 

C'mon bro, do you look at your own post on a daily basis? Please.

Eh... don't worry about it.  Your "calling me out" was correct in hindsight.  I went back and looked at the charts and each time I made a comment I was being optimistic (which is my personality by default).  Nobody can see into the future and nobody predicted the violent decline in the markets myself included.

As far as today?  I don't think that we will test market lows in the near future.  Barring some major catastrophic event I don't think we dip back down below 20k on the DOW.  Again as I have said numerous times, I am by no means a professional and my comments are just my opinion.

So far my only short term "fail" is buying Boeing at a higher price.  I initially wanted to buy at $150 and it shot past that last week.  When it pulled back into the $160 range I went ahead and took a small position.  It's now down to my initial "buy" price of around $150 (actual close today is $149.43).  The thing is that this company will survive the COVID-19 pandemic and they will recover, especially with government backing.  They are essentially the "only game in town" as far as aircraft manufacturing.  The stock will go back up to it's 52 week high eventually.  If I wasn't so lazy I would find the story that I saw where the government is buying more P-8 aircraft (basically a 737) as well as foreign military purchasing the same thing.

It's not about "timing the market" or "predicting a bottom".  It's all about looking to the future and investing long term.

For almost everyone, the best way to invest is to buy carefully and never sell.  Ride out the ups and downs and don't try to predict what the future will be a month from now or even a year from now.  Because by the time you figure it out, someone else with a whole lot more market-moving power will have already figured it out and the market will have moved already.  You will always be late.  You're not going to beat Goldman Sachs to the punch and you're not going to know something before they know it.

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