Oh my aching portfolio.

[M_Six]

When the car is just going over the cliff, it's *always* about to get much worse.

[MightyMouseTech]

Interesting read:

https://www.superstation95.com/index.php/world/753

the belief in China that the US Dollar is now worthless and will soon totally collapse as a currency, leaving everyone who holds dollars, broke

[ASAP]

I am very sure that what has been going on for a few years is a false bubble... the reality is that things arent really getting that much better. Its gonna get a lot worse before it gets better.

[MisterSkiMask]

[jlstyle]

My balls are too small and I chickened out. I'm tackling on real estate to bury the money into what it seems to be the safer place.

[tc328]

Originally Posted by 3GFX

I leveraged Futures, meaning I'm pooped for this right now. The way I look at it, oil is finite and i'll just wait it out. Would definitely be a good buy right now.

The banks are going to get crushed shortly as well, which means a good buy time.

Not yet, wait till it reach $18-20 a barrell

[BayMoWe335]

Just keeping buying and actually, buy more.

This is no time to be "pulling out" because you'll be late trying to get back in when it starts going up.

It could drop even more, but no one knows the bottom. When the Dow hit 10,000 in 2008, I thought we were good. Back at 6,500, I was like, welp...buy some more.

[BayMoWe335]

Originally Posted by M_Six

That's my hope. I just hope the fund manager knows more than I do. Sometimes I wonder....

Guy probably doesn't know shit...it doesn't matter what you know anyway. All that matters is the fucking price.

I guarantee he hasn't beaten the market over a 10 year period, so just put all your money in a couple Vanguard ETFs and basically own them for free. You'll beat 95% of the "experts" over time.

Only the truly elite can beat the market consistently and I guarantee your money isn't with anyone elite.

[ASBSECU E93]

Wu-Tang Financial NEVER gets old...

[ASAP]

Originally Posted by ASBSECU E93

Wu-Tang Financial NEVER gets old...

99% sure Wu-Tang knows better than any financial advisor around these parts.

[kprocivic]

Originally Posted by 1MOREMOD

Should I become liquid and put it in the mattress

nah that's no fun, might as dig a hole and bury it.

[1MOREMOD]

Originally Posted by kprocivic

nah that's no fun, might as dig a hole and bury it.

I could do that also. Or just blow it on couple high dollar cars.

[PoorLurker]

Originally Posted by MightyMouseTech

Although, things are about to get much worse. Maybe wait till it really crashes.

Yup...I am just planning to sit here and wait until the absolute bottom. Once that day happens, I am going to open my day trade account, watch Level II and then buy at the absolute bottom of that day too!

[PoorLurker]

On a more serious note, I just think of the account balancing dwindling as financing a nice car every week, but I just don't get to drive it because it's raining outside.

I'll be back in 30 years when I want to withdraw money from said account to let you know how it's going.

[UncleWede]

Originally Posted by 1MOREMOD

I could do that also. Or just blow it on couple high dollar cars.

Well, at least you got the blow part right.

[1MOREMOD]

.

[Fundguy1]

Goldman predicted $30 a barrel. This was not unexpected. The year end predictions are $50+ with the real long term price at about $50. Low price oil hurts energy securities but helps most else. Price of manufacturing, electricity, and transportation of goods drops with oil. The market was down more because retail was off badly. Worst in years. Means people saved money with the drop in oil but didn't spend it. This was also not unexpected. People are making less thx to the current administrations failed economic policies. Ex Dodd-Frank, obamacare, etc. Once these are removed by the next republican administration, if they're smart, the economy will boom. Reinstate Glass-Steagull and maybe a flat or sales tax and lay off the entire IRS permanently.
Walmart closing all those stores and laying off 10,000 workers is a direct result of the higher wages that Walmart was pressured into. It's a micro example of raising minimum wages. Great for the workers who still have jobs. Sucks for the others though. Capitalism is nor philanthropic. It's for profit. If you loose profit because of a law, cost, tax, or wage, the big guys don't pay for it. The little guys do.

[Fundguy1]

Oil is down because of Obama. Not because he wants it though. He wanted $4 gas to get Americans into hybrids and electrics for his beat up on capitalism spread the wealth fake global warming bs. So he closed federal lands to energy production. This had the initial impact of raising gas and energy prices at the worst time. During the recession, making it worse and harder to recover. What he didn't think about was the higher prices made fracking economically viable and fracking in the US on private land soared. This lowered oil prices cutting into the Saudi and OPEC nations coffers. To solve this OPEC flooded the market to try to put them out of business which is where we are today. Soon either the frackers will be out of biz or OPEC will raise. Then it's high oil prices again until federal lands are reopened adding access to 32% of the worlds oil reserves. Again, gotta be a Republican to do this.

[fazman]

This is an election year guys, oil is always down to make citizens happy. Not sure if you know this but there is a group of peeps like a cartel that "control/manipulate" these prices kinda like the Fed with int rates.

Not sure if you know this but the USA prez meets with the top CEO's every year all in one go, i wonder what they talk about... probably their favorite TV shows or fav Netflix original episodes

As much as you and I as retail investors feel like we have a say in politics or in corporate proxy votes... we don't. Computers run by MM's with high speed connections that front run all of our retail stock trades actually move the markets in the direction that the models are entered to cause max profit for them and max pain for the novice investor.

When everyone is selling their mom's to buy 1 share of Hot Company stock, thats your signal to get out. When everything in the news is about doom/gloom and people say,"the last thing you should ever do is buy stock"... thats when you go all in and buy into solid companies that moved down only because the market shifted (but are solid companies on paper).

never stop investing in retirement accts, you can always still max out and park the money in cash or eqivilant. That way you have dry powder when the market is on the rebound.

Don't try to catch the market on the way down... thats called "trying to catch a falling knife" your going to get cut and hurt. No one will time the bottom, but its best to wait till the upswing and miss a little of the bottom. rallys are long so its okay to miss some inital gains but try to avoid losses at all cost.

Don't use margin or borrow money to invest, its always a bad deal. If you say a stock can't drop 20%, 50%, 66%, etc... guess what... they do its really hard to recover if you held it all the way down. I've personally ridden NFLX from the early $20's --> $294 and then back down to $50's --> $400 ish before i got out

DON'T ever buy into an IPO company for at least the first 366 days of trading... they usually trend down as insider restrictions are removed. They will get lots of drama and lots of insiders dump them to cash out (IPO's are actually an exit strategy for founders).

[Fundguy1]

The cartel that decides oil prices at the moment is called opec. The oil prices down in an election year has nothing to do with it nor does any US based group.

President meet with them to dole out favors in return for contributions.

The computer thing is laughable in its entirety. Anyone who buys or sells securities is in the same boat. If you own a mutual fund or 401k it's the same for you as anyone else by law.

This is contrarian or value style investing which is one of many strategies. It's what Warren Buffett does.

Correct on retirement money.

Correct again. Don't try to time the market. It's not timing the market that wins. It's time in the market that wins.

Margin should only be used by wealthy sophisticated investors. It's to dangerous for average investors.

Not an IPO fan myself.

Finally to add to this. The price of a stock today is meaningless. The only prices that matter are the price when you buy and the price when you sell. The rest is noise. If you let your emotions rule your investment buys and sells, you loose. This is why you should use an investment professional and why most investment professionals also use one themselves.

[fazman]

Originally Posted by Fundguy1

The computer thing is laughable in its entirety. Anyone who buys or sells securities is in the same boat. If you own a mutual fund or 401k it's the same for you as anyone else by law.

https://en.m.wikipedia.org/wiki/High-frequency_trading

https://en.m.wikipedia.org/wiki/Front_running

i guess no one breaks the law then?

[ASBSECU E93]

Originally Posted by 1MOREMOD

I could do that also. Or just blow it on couple high dollar cars.

...or, you could invest in a Super Charger