Discussion Topic |
|
This thread has been locked |
briham89
Big Wall climber
santa cruz, ca
|
|
|
Oct 10, 2018 - 02:08pm PT
|
My money market fund decision felt pretty good today haha
Buying opportunities on the horizon...
|
|
Fritz
Social climber
Choss Creek, ID
|
|
|
Topic Author's Reply - Oct 10, 2018 - 05:38pm PT
|
I have no insider information on whether the current slight-drop in the stock markets will continue.
However! Headlines touting today’s 831 point drop in the Dow Jones Industrial Index as the 3rd largest point drop ever, are alarmist nonsense.
Due to the increase in values of the various stock market indexes, spewing about point drops as the “3rd largest-ever”, or as happened in Feb 2018 as the “largest ever,” don’t mean schist.
It’s the percent drop, not how many points.
Here’s historical data on the 5 biggest gain & worst losses days in the S&P 500, going back to 1950.
Five Largest One Day Percentage Gains:
1. 2008-10-13 +11.58%
2. 2008-10-28 +10.79%
3. 1987-10-21 +9.10%
4. 2009-03-23 +7.08%
5. 2008-11-13 +6.92%
Five Largest One Day Percentage Losses:
1. 1987-10-19 -20.47%
2. 2008-10-15 -9.03%
3. 2008-12-01 -8.93%
4. 2008-09-29 -8.81%
5. 1987-10-26 -8.28%
The S&P 500 lost 3.2% today.
Calm yourselves.
|
|
zBrown
Ice climber
|
|
|
Oct 10, 2018 - 05:41pm PT
|
Playin' the percentages, eh?
The bottom 60 percent of households combined own just 1.8 percent of American stock. The top 1 percent, by contrast, owns over 40 percent of the country's stock, up from 34 percent in 2001.Dec 18, 2017
|
|
Fritz
Social climber
Choss Creek, ID
|
|
|
Topic Author's Reply - Oct 10, 2018 - 06:21pm PT
|
zbrown! You make a valid point, per your post.
The bottom 60 percent of households combined own just 1.8 percent of American stock. The top 1 percent, by contrast, owns over 40 percent of the country's stock, up from 34 percent in 2001.Dec 18, 2017
I feel bad for all those folks, who through bad luck, illness, or adversity, have not saved enough to gamble (or is that gambol?) in the game of chance, we call the stock market.
However, I'm trying to share conservative market wisdom with those here who might have enough investments, to profit from it.
|
|
zBrown
Ice climber
|
|
|
Oct 10, 2018 - 07:40pm PT
|
Well, Fritzee, I always make valid points, though many folks don't get them.
I looked up my net worth percentile in the charts. I'm doing fine without very much stock market investing. How?
The old fashioned way. I worked hard and invested in real estate.
My former employer did it the same way and he was on the Forbes list.
Funny guy. Like many folks he couldn't keep his dick where it belonged and ended up divorced and off the list when his wife took her share.
|
|
Fritz
Social climber
Choss Creek, ID
|
|
|
Topic Author's Reply - Oct 10, 2018 - 08:05pm PT
|
zbrown! Per your mention:
I looked up my net worth percentile in the charts. I'm doing fine without very much stock market investing. How?
The old fashioned way. I worked hard and invested in real estate.
Gud work old lad. I commend you!
Two of my four original climbing pals are still driving buses in their late 60's. One was a junior partner in a profitable small Idaho company in the early 1980's. His mentor & senior partner sold 51% of the company to some folks who seemed legit. A few years later, through stock manipulation & pure evil, on the part of the new partners, my friend had a zero investment left, in what he thought was his sure-fire path to riches.
|
|
zBrown
Ice climber
|
|
|
Oct 10, 2018 - 08:10pm PT
|
BTW
I like your thread and I think you offer sound advice.
And a confession.
I''m thinking of doing some financial instruments investing.
Sorry, no details. When SK & partner's strategy became known it killed Their returns.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Oct 10, 2018 - 10:45pm PT
|
This just bunches the knickers of the epicene grass combing sodomites.
Strike the t’gallants and rig the bentincks.
|
|
Norton
climber
The Wastelands
|
|
|
Oct 11, 2018 - 01:22pm PT
|
the DOW is down only 2000 points now from its high in six days
nothing to get excited about, unless of course you are short and banking big profits.....
|
|
Fritz
Social climber
Choss Creek, ID
|
|
|
Topic Author's Reply - Oct 11, 2018 - 04:15pm PT
|
Moose! Re your question:
ARE YOU SKEERD NOW?!
Moose
Nope! I did switch a considerable amount of an under-performing Vanguard mid-cap stock fund into Vanguard HealthCare last week. It was up over 16% YTD.
Darn! Now it's only up 13.93% YTD.
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Oct 11, 2018 - 05:22pm PT
|
Moosetrader, please be so kind as to refresh my feeble memory as to the true particulars of our supposed agreement. Was it that the sun shall continue to rise in the east, albeit to a lesser height each day now? Or was it that weak men shall envisage a great tearing asunder of the bonds that bind us when they view uncertainty over the horizon? Sure and I can rely upon your innate goodness not to practice upon me in my disadvantaged position. You must also enlighten me as to whether we had agreed upon first or second generation Hexes.
|
|
Fritz
Social climber
Choss Creek, ID
|
|
|
Topic Author's Reply - Oct 11, 2018 - 08:50pm PT
|
Reilly! I would advise you to sign off on that hex, maybe with a couple lawyers making sure that Moosedrool accepts delivery.
Someone who climbs as hard as Moose with an umbrella, is just not to be ignored.
|
|
john hansen
climber
|
|
|
Oct 11, 2018 - 09:47pm PT
|
It's about where it was in early July , three months ago.
It does not always go up.
|
|
briham89
Big Wall climber
santa cruz, ca
|
|
|
Oct 12, 2018 - 10:45am PT
|
I'm thinking an end of day Friday sell off is brewing...
|
|
Toker Villain
Big Wall climber
Toquerville, Utah
|
|
|
Oct 12, 2018 - 10:48am PT
|
Ho man my neck hurts.
I guess I'll stand by the door and look for bargains after a double bottom.
|
|
blahblah
Gym climber
Boulder
|
|
|
Oct 12, 2018 - 12:19pm PT
|
I'm thinking an end of day Friday sell off is brewing...
I'm thinking if I flip a coin it will come up heads :)
If you'd like, it would be interesting for you to keep us up to date with your market timing plays . . .
Don't have to give a specific $$ amount, but rather something like if you've got a pot of X dollars, just say when you're putting what fraction into what investment. One anecdote won't really tell us anything material either way, but it might be fun to compare your results to dollar cost averaging into a broad index fund.
I would do the same, except that I'm basically buy and hold of either index funds or large cap funds that have very correlated performance, and so have nothing interesting to report.
|
|
briham89
Big Wall climber
santa cruz, ca
|
|
|
Oct 12, 2018 - 01:53pm PT
|
I'm thinking if I flip a coin it will come up heads :)
HAHA! Touche
Can't be right (wrong) unless you play ;). And based on how the day ended I was wrong! ha
FWIW I made 10% buy into a target retirement fund from "the pot" of money I have been sitting on in a federal money market account. This was because of the recent drop (over 5% of S&P high)
|
|
Toker Villain
Big Wall climber
Toquerville, Utah
|
|
|
Oct 17, 2018 - 12:28pm PT
|
Not much of a penny stocks guy but today I bought 300 shares of Largo Resources.
They are pulling a million dollars worth of vanadium per day out of a mine in Brazil.
Can't do any worse than my Guatemalan jade.
|
|
Fritz
Social climber
Choss Creek, ID
|
|
|
Topic Author's Reply - Oct 18, 2018 - 07:43pm PT
|
Xcon! So true! The dreaded "Black Monday" of 1987 is always a real possibility in these troubled investment time.
In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%).[1
In the long-run, Oct. 18, 1987, is a significant sell-off before the huge market run-up of the 1990's, before the big double sell-off of 2000 - 2001, & the great recession of 2008.
In this chart of the S & P 500 since 1950, despite all the horrible news, sell-offs, & ruined investors, the average somehow keeps going higher.
Interesting, ain't it?
|
|
Reilly
Mountain climber
The Other Monrovia- CA
|
|
|
Oct 18, 2018 - 08:38pm PT
|
xMan, don’t dig yer hole any deeper. Labor dug its own hole - how many Murricans don’t even graduate from high school? And if they do they’re only marginally literate. If they go to college half of em get degrees in irrelevancy. I know, morons should all be guaranteed great jobs sitting on their asses.
|
|
|
SuperTopo on the Web
|
Let us know!