Talking Stocks 2.0

[MrBlahBlah]

Originally Posted by beshannon

While I don't disagree, we are on the edge of this getting far worse.

That is what worries me.

it could put the kibosh on earnings for a few quarters, and then things could recover, putting this at a 1-1.5 year cycle.

Funny thing is two weeks ago the markets were shrugging this whole thing off. and now it's freakinggggg out. Which creates opportunity, particularly for those longer term investors (1 yr +)

[superdog]

Originally Posted by brandrea

It’s a healthy correction IMO. Basically markets are giving back what they earned for the year (10% or so). Just my

Definitely a valid theory.

And I am hoping you right. I am certain we all are.

[brandrea]

Originally Posted by beshannon

While I don't disagree, we are on the edge of this getting far worse.

That is what worries me.

Originally Posted by superdog

Definitely a valid theory.

And I am hoping you right. I am certain we all are.

I agree

I enjoy investment quotes and this one seem apropos:

If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks ~ John Bogle, founder Vanguard Group.

[Duende01]

Originally Posted by brandrea

It’s a healthy correction IMO. Basically markets are giving back what they earned for the year (10% or so). Just my

This might become the most quoted post of the thread, lol . "Giving back what they earned for the year," what about giving everything back going to back to January 2017? Hey, at least now the opportunity is there. I alresdy sunk about $28,000 from my powder keg on down days over the last two and a half weeks. Hopefully, the opportunities continue.

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[brandrea]

Originally Posted by Duende01

This might become the most quoted post of the thread, lol . "Giving back what they earned for the year," what about giving everything back going to back to January 2017? Hey, at least now the opportunity is there. I alresdy sunk about $28,000 from my powder keg on down days over the last two and a half weeks. Hopefully, the opportunities continue.

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Yep, I agree.

So where's the bottom

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[EEpro]

Originally Posted by brandrea

Yep, I agree.

So where's the bottom

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-80% from peak.

[GB-man]

Originally Posted by EEpro

-80% from peak.

[golfgrouch]

Originally Posted by EEpro

-80% from peak.

I believe that was the Great Depression, correct?

[beshannon]

Originally Posted by EEpro

-80% from peak.

Many individual issues are down that much, the entire market will not go down 80%

[Tha Baron]

Originally Posted by brandrea

Yep, I agree.

So where's the bottom

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My guess is S&P bottoms 1450-1600 sometime around July...

[brandrea]

Originally Posted by Tha Baron

My guess is S&P bottoms 1450-1600 sometime around July...

That's an interesting range.

Do you believe that it will eventually go on to new highs?

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[Kyle3130]

It's just the law of averages. I have a very long investment horizon ahead of me so I will let my automatic investments buy at whatever price it is that day. In 40 years, it should be worth more regardless of the purchase price.

[MrBlahBlah]

I've been on the sidelines for a little while now.....

Bought some yesterday
bought some today
May buy more tomorrow

deploying my dry powder like 20% at a time. Of course this is with "investable" money and not going into reserves.

[Letsgodiving]

I believe the 2000 dot com collapse was close to a 50% decline for the S&P and the 08-09 great recession was a little over 50%. Having been through both of them I am not anxious for another but I learned long ago that I can not time the market so I just buy and hold and have faith in the American economy for the long term. What is the alternative?

[BroncoOne]

Just my opinion: If you hold a stock(s), remember the investment thesis for why you invested in it. If that thesis is still sound (e.g. solid cash flow, good results quarter after quarter, increases its dividend regularly, has a competitive moat, etc-whatever you scale of value is to you) stay steady and keep to your plan if you are a longer term investor. If the company's business is sound and you can add to your position with a good price, consider it carefully.

Trying to time valleys and peaks in the market is not generally a winning strategy. Just speculating is much more risky that actual investing.

[singe89]

My cash is still on the sidelines for now.

[PackPride]

Want to cry thinking of all the watches I could have bought with the money burned over the last few days.

Oh well- 23 years to retirement so plenty of time.

[gnuyork]

Originally Posted by PackPride

Want to cry thinking of all the watches I could have bought with the money burned over the last few days.

Oh well- 23 years to retirement so plenty of time.

Exactly... and now that I have sold, I'm browsing the for sale forum (with wife approval even, which is nuts actually)... but I'll be holding the cash for reinvestment.

[Cazador60]

All I know is that I have lost my backside since monday! I think I am going to go from wine to Scotch staring tomorrow if the market downslide doesn't stop.

[mvmbles]

Decided to do some research last night on monthly dividend paying bond ETFs and ANGL is the one that looked most attractive to me. Share price has for the most part steadily increased since inception, has never had reverse split, .35% expense ratio isn't terrible, and average annual return is 8.2% with dividend reinvested. Opened a starter position today in DRIP account that I plan on keeping long term.

I have no experience with bonds, so wondering if anyone here can provide any insight on ANGL, and/or recommend other bond funds with similar or better performance.

https://www.splithistory.com/?symbol=angl

[Jona]

Originally Posted by mvmbles

Opened a starter position today in DRIP account that I plan on keeping long term.

My Urologist suggested a DRIP account in case I need to get up in the night. He also told me to lay off the Urethra Franklin music and start reading Willa Catheter novels.

[scarlet knight]

[QUOTE=mvmbles;10413962]Decided to do some research last night on monthly dividend paying bond ETFs and ANGL is the one that looked most attractive to me. Share price has for the most part steadily increased since inception, has never had reverse split, .35% expense ratio isn't terrible, and average annual return is 8.2% with dividend reinvested. Opened a starter position today in DRIP account that I plan on keeping long term.

I have no experience with bonds, so wondering if anyone here can provide any insight on ANGL, and/or recommend other bond funds with similar or better performance.

https://www.splithistory.com/?symbol=angl[/
It buys bonds that were investment grade, but were downgraded. Thus, the bonds have a high yield. But they are on the risky side.

[77T]

I had a colonoscopy/endoscopy today...

That was a better day than almost 1 Billion others had!


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[Jona]

I'm 70 and retired. The Missus and I get SS, I have a small pension from 1 job and a small annuity. In 2009 I took all my 401(k) money and bought a decent sized annuity with a 7% guaranteed annual stepup and in 10 years it has almost doubled, and I made some additional deposits as well.

I know Fisher and former waitress Suze Orman hate annuities but it's done well for me and the RMD when I turn 72 will be a nice bump to my income. We have a couple of "small" Roths (under 6 figures) with minimal market exposure so I am not much affected by large market swings.

There are many investment strategies. Mine has worked for me and I feel good being largely insulated from the markets. Not from the economy, but I stand to lose very little.

[GB-man]

Cracks me up how every trade you don’t make comes to fruition. Such is life. At this point we are going to need some very positive news to hold the line tomorrow.

[walds11]

Originally Posted by GB-man

Cracks me up how every trade you don’t make comes to fruition. Such is life. At this point we are going to need some very positive news to hold the line tomorrow.

Oh yeah, Murphy’s Law!

Strap on the boots fellas!

I’m long, but still hurts to see this.

[bayerische]

My local economy paper headline today is "biggest slip in US market history".

Well on the bright side I don't see Rolex grey-market doing too well soon.

[superdog]

Futures set to drop nearly 600 points. The world markets are all massively down.

[beshannon]

Originally Posted by superdog

Futures set to drop nearly 600 points. The world markets are all massively down.

VIX spiked overnight now at 41, flight to safety in bonds has yields falling. As I said yesterday no one will want to hold long today and this may be the panic sell that we need to bottom at least for the short term.

When the case numbers rise there will be another leg down.

[brandrea]

The markets have essentially had a 10 year run and we are officially in correction territory. This is to be expected as markets don’t go up in a straight line.

I remember 1987 and all of us here will remember 2009.