Anyone following the stock market ?
I have not slept properly for almost a week, already lost over 30% of my portfolio. I bought more at the low prices but looks like we may not have even reached the bottom and still looking to go much further down with a long term recovery. I have had to add more money to my portfolio to prevent the brokers from closing my positions.
I never close on a loss and have shares only in large companies that aren't going any where and hold either long term (NASDAQ) or cash out on peaks. Also I never short can not risk betting against the market even in the current climate. Also sources that accept crypto are you guys not worried the value could potentially take a dive before you receive/process it?
Just wanted to ask how anyone else holding stocks was getting on?
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Crickets.
Anybody make money this week ??
Reluctantly bought google when stock market was falling or going through correction at 2771 and sold at 2985 last week with a 15.4% return.
Also bought Amazon at 2807 and sold at 3158 last week with a 25% return. Still got another position open on google and 2 on Amazon will long google and sell Amazon when it peaks. I had a position open on amazon for the last 12 month and finished with barely any return but had I sold at one of peaks in the last 12 months I could have made around 20% return.
Still got a large chunk of my portfolio invested in the NASDAQ, still in red but not worried as holding these long and at same time buying selling other stocks when I see good opportunity.
Thats what i like to hear get in get out and grab some profit. Good job
Who bought hood on friday at 10 or lower. Sold at 12 and looking for drop on monday to buy again hold till 15.00 or hold till 30
Will have to look into Hood, didn't really look into them before as they were on the news with huge losses in the last few weeks.
Here is an interesting comparison ranking annual stock market returns for each president. You will probably be surprised at the results. One of the things it shows is that people have a short memory. There were a lot of bull markets that lasted years and a lot of bear markets that lasted years as well. What we are seeing now is the function of a healthy market. There are too many investors out there that think stocks can only go one way.. UP! Again, full discloser, I am still 80% invested in stocks but don't worry so much about the short term trends although it does hurt.
https://www.kiplinger.com/investing/602714/best-and-worst-presidents-acc...
Go look at what was happening in the 1920's (the roaring 20's) and compare that to what is happening now. Money was plentiful, the "common man" flooded the market with new money (the market PE ratio was about 20% in 1929 and fell to about 13% by the beginning of 1930 eventually bottoming out at around 10%.)
https://certainruin.blogspot.com/2009/07/earnings-and-pe-ratios-in-great...
In regards to sources accepting crypto, I prefer using stablecoins. There is a network I like to use that has almost no miner fees.
RustyhookerWhen orange man was in my nirmal quarterly was 24% average with a high of 45%. Since fjb its been 5% IF that much. Someone turn the page please....
I didn’t patchy like orange man but he made a lot of gains for us.
And thats why you will never get rich, you choose low risk so you get low yield. Right now is the best time to just hold your ass. I'm taking a beating on some of my stocks but I do high risk high yield. Will never invest in Crypto, its like playing russian roulette and the risk/reward is right on the border for even a crazy fucker like me
Get yourself a financial analyst/advisor that knows risks. You will pay a higher percentage but it offsets itself when you triple your money. Invest 20% of your total net with him or her or if you cant afford it at least 10%. Scared money doesn't make money. I have lost my shirt but ended up buying 3 replacements. Not to brag but I just put down all cash on a 2022 M5 just from Pfizer and Moderna. Get out now if you have stocks in it, the narrative is over.
It depends on strategy low yield + long term = safer and nice retirement. I put money in the indices every month to beat inflation and to make some gains. I made my money bro the losses are mainly from my gains and not initial equity but still a sharp dagger. More than one way to play the market.
Any one investing in high risk at the moment in small caps has probably lost more than they gained as people move to low risk stocks when markets go down knowing those stocks are more likely to weather though the correction.
that all depends on what they invested in of course. I still remember people getting filthy rich off penny stocks. The problem with the market is in order to get rich, you need to have your finger on the pulse at least 8 hours a day bare minimum, also following London, so tack on another 4 hours unless you get an advisor. Not just anyone. Thats for a whole new post.
Im surprised more people didnt have stop losses put in place
stop losses are the robin hoods. you can set a loss limit but during a tank a lot of people myself included get nervous as hell. Sometimes theres no time to sell fast enough or lock in a good buy price. I hate the stock market but it helps me with my anxiety if that makes any sense.
This is nothing. The market has been so good for so long that many younger investors have never experienced a correction let alone a bear market. There is so much new wealth in the US in the last 2 years that a big hit in the stock and real estate market along with easing of supply issues is the only way we are going to beat the rampant inflation. There is way too much money out there right now looking for somewhere to spend it.. I hate to say it but people (myself included) need to feel the pain of losing money in order to get back to some sort of normal.
Real estate surge is dying already and with the interest rate rising in march there is going to be a lot of foreclosures/houses upside down by the end of the year. I'm buying my car now or I am going to reinvest it and lose it lol.
Whats going to happen when Russia invades Ukraine??
But if it’s only the tip it doesn’t count….right?
According to Biden, lol
The US will huff and Puff, Germany will sit on its hands, a small NATO force will be sitting outside of the western boarder of Ukraine thumping their chest, and the start of the "Federation of Soviet Socialist Republics" will be born.
...And China will enter Tiwan, but it'll be months before anyone notices. When they do, no one will care.
Lets be honest, what the world would not be able to grasp is if Russian and China coordinated their invasions at the same time.
Fear of escalating into WWIII would have the west frozen like a deer in headlights.
What they fail to realize, Russia and China fear this too and would shrink if faced with strong, nothing-off-the-table resolve.
it may be true; but the current state of the US is not very good. Hard to get anyone to want to fight a war without their cellphones and pronouns and safe places. China and Russia would only have to call Americans a bad name and half would be on their phones tweeting about it instead of fighting. Biden would only want to reinstate the draft if everyone was vaccinated; The millenials would be on facebook live on the battlefield trying to get a selfie with one of the bombers.
HAHAHA I could go on and on but realistically no country is more ready for war than North Korea.
And yet, look how a strong US leader made little rocket man less provocative.
No argument about your description of half the country.
We only need the Irish Americans, which is about 10% of the population, to kick ass.
those damn Irish; I know there are plenty of people even our age still willing to fight for our country. And never mess with a crotchety old man.
I think there banking on making a deal on Tuesday so no war. We will see.
I dont think this is posturing by Putin. 100,000 troops, he is ready to rebuild the USSR. This is just the start, i believe.
Agreed, except the USSR is so 1980's. The new and better Federation will be marketed as a group of willing countries that united like the EU did. The citizens of the member states need to be liberated from their corrupt governments first by the benevolent Russian's which have a long history and ties with the people.
That said, Ukraine has all the natural resources so they might stop there unless they want access to the Baltic, then Belarus and Lithuania would be next.
You are right about this not being the bottom. I don’t know how old you are but I would not sweat it too much if you are long term investing by the sounds of your portfolio. I like to be an aggressive degenerate with my investments so I know how you’re feeling though. My plan is to wait until late feb/march when bitcoin hits 20k and ethereum is under 1k and put the house on it lol
That’s the plan long term and keep adding almost each month. US indices will eventually return, the only sweat is how long it will take to recover?
Dcor_ncnOh bro thanks god you did not invest in crypto. I am down horribly. Almost 50% and luckily i withdrew investment yesterday or else i would be further down. Everything is going down at the moment. The Ukraine tension, American inflation rates ,covid19, making stock market and crypto fall. Crypto goes up and goes down more than anything.
You would imagine with everything going on people would have been moving their money into crypto or commodities but even they seem to be taking a hit. Can't believe this isn't in MSM apart from finance sections, people are loosing money everywhere.