U.S. Stock market "CORRECTION!!" Why am I not "too-skeered"

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EdwardT

Trad climber
Retired
Jan 2, 2019 - 09:16am PT
Happiegrrrl2

Trad climber

Jan 2, 2019 - 09:11am PT
I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.

What invests would you recommend?
Reilly

Mountain climber
The Other Monrovia- CA
Jan 2, 2019 - 09:17am PT
I'm anti stock market.

There’s my first big shock of the year. Happie, a bunch of hippies didn’t make yer van.
And 9 billion people are really a few too many for a barter system.
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Jan 2, 2019 - 09:24am PT
Oh the HORROR of spending that filthy money!

It's filthy money gained, for the most part, on turning companies into prostitutes

(That must be why I drink fine red wines to forget how filthy my filthy stock-grubing hands are.)
Toker Villain

Big Wall climber
Toquerville, Utah
Jan 2, 2019 - 10:52am PT
The human race is going to hell, so I'm gonna grab my pile and ride it like Slim Pickens.
blahblah

Gym climber
Boulder
Jan 2, 2019 - 11:05am PT
I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.

Yeah, and I'm anti dating super models, sending 5.14s, and, more generally, anything that else that is fun and profitable for other people but which I can't participate in!

And how dare people have the right to pool their capital with other people to invest in a company that thinks it can put that capital to good use. What good could ever come of that? And even if people could do that, they certainly shouldn't be able to sell that investment to anyone else. Once you own something it's gotta stay that way forever, we can't allow people to go around allocating capital as they see fit now, can we?
briham89

Big Wall climber
santa cruz, ca
Jan 2, 2019 - 11:11am PT
Hey Fritz is that healthcare ticker VGHCX?

Toker Villain

Big Wall climber
Toquerville, Utah
Jan 2, 2019 - 11:11am PT
. Yeah, and I'm anti dating super models, sending 5.14s, and, more generally, anything that else that is fun and profitable for other people but which I can't participate in!


LOL
EdwardT

Trad climber
Retired
Jan 2, 2019 - 11:24am PT
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Jan 2, 2019 - 12:07pm PT
briham89! Re your question:

Hey Fritz is that healthcare ticker VGHCX?

Yep! That's Investor shares of Vanguard Healthcare. The Admiral shares VGHAX require a larger investment of $50,000, but tracks separately with slightly lower expenses. Interestingly, Vanguard automatically switches Investor share accounts to Admiral share accounts when the minimum is reached.
Reilly

Mountain climber
The Other Monrovia- CA
Jan 2, 2019 - 12:13pm PT
Moosie, what’s Polish for ‘jerking yer chain’?
briham89

Big Wall climber
santa cruz, ca
Jan 2, 2019 - 12:13pm PT
Interestingly, Vanguard automatically switches Investor share accounts to Admiral share accounts when the minimum is reached.

That's cool that they do that.
Brian in SLC

Social climber
Salt Lake City, UT
Jan 2, 2019 - 12:16pm PT
I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.

Interesting perspective. I'd be curious to attempt to understand the source.

I don't understand the free market economy and stocks, per se. Not a business guy. But, since I'm "invested", so to speak, I try to learn what I can about it.

Seems like there's plenty of success and failure tied into the stock market. Companies that do well, earn stock holders money. Kind of a reward based system. Do some companies march to the mighty stock price to the woes of the common worker? Probably. I see that.

But, does the market also keep companies somewhat honest since if they're publicly traded as their performance is measured?

Something that worries me is the gap I see between the CEO's and the commoners. Especially if the lower wage folk aren't "invested" or provided the same ownership opportunities as the stock bonus payments that are peddled amongst the higher echelons. Profit sharing.

I'm glad I'm in it. Glad I have "skin in the game". Given what a pile of money would earn outside of the market in a bank, or, a sock or tucked in a mattress...it provides some opportunity to gain enough wealth to live more comfortably. Along with plenty of hand wringing.

Interesting.
Toker Villain

Big Wall climber
Toquerville, Utah
Jan 2, 2019 - 01:43pm PT
Apple down on Q1 projections

Don't they know that I just bought an iPhone?

This volatility is scary, but also an opportunity.



Edit
Wow, Apple down 8% in 53 minutes in after hours
Happiegrrrl2

Trad climber
Jan 2, 2019 - 05:36pm PT
Brian, I feel that the requirement for stocks to earn earn earn doesn't allow a company to go through its relationship with investors in sickness and in health, so to speak, and managers are forced to show dividends or else. I just don't like the meaness of it.

As well I feel brokers are like bookies. They make their money no matter, and often they could give a rats was about the financial welfare of those who rely on their expertise.
Happiegrrrl2

Trad climber
Jan 2, 2019 - 06:06pm PT
At a point in my life, I earned a 6 figure salary. And had money invested in 401s. And it was during that period of my life when I began forming my opinion on the subject.

I could certainly invest now, albeit in a small way. But like I said, I am anti stock.
john hansen

climber
Jan 2, 2019 - 06:32pm PT
Since interest rates were near zero for so long there really was no where else to get a reasonable return. If you put a 100 grand in the bank in late 09 it would probably be worth about 110 grand or so now at less then 1 % per year.

If you put it in fairly conservative funds that made 6% a year it would be worth around $200000.

I agree with other people here that time is on your side.

If it really goes to hell all that value on paper and in the cloud won't mean much anymore if you can't get it.

Its all a house of cards..
Lituya

Mountain climber
Jan 2, 2019 - 08:04pm PT
Wow, Apple down 8% in 53 minutes in after hours

IMO, Apple will go the way of BlackBerry in the medium-term. The legacy of Jobs is fading--and Cook just isn't up to the task.

My money remains with Satya Nadella.
Reilly

Mountain climber
The Other Monrovia- CA
Jan 2, 2019 - 08:25pm PT
Its all a house of cards

What nonsense, but if you want to stick yer head in the sand have at it! And if you only
averaged 6% since 2009 you were either stoopid or in the hands of a crook.

I could certainly invest now, albeit in a small way. But like I said, I am anti stock.

Boy, that’ll show ‘em, huh?
briham89

Big Wall climber
santa cruz, ca
Jan 2, 2019 - 09:01pm PT
Apple will go the way of BlackBerry in the medium-term.

Think about the "ground breaking" tech they came out with. Ipod, iphone, ipad, etc... they haven't done that in quite sometime. It's just a new version of the iphone over and over. Also I feel where the iphone ran into trouble is that for years you could upgrade for free through your mobile carrier. Those days are over, and so are the ones of me getting a new iphone every two years or so. I'm not shelling out $1k for a phone, ESPECIALLY when I used to get one for free (or really cheap).
Ricky D

Trad climber
Sierra Westside
Jan 2, 2019 - 09:27pm PT
My nagging thought is a remembrance of losing 42% of my 401(k) to IRA Rollover following a RIF in 2008, and although I have mostly recovered that loss over the years with 20 years of market gains - now being within 18 months of retirement I wonder if another contraction either this year or next will crash values yet again. I don't think I can count on another 20 years of living to make that one back up should it occur.
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