quote:

Originally posted by radioman:
^^^ Awesome. You guys are much bolder than I. I'm just frozen and doing nothing, but I know some day I'll kick myself for not buying (other than 401K contributions). Too scared right now.

Like Buffett says, It's always 5 o'clock somewhere.

Actually, I meant to quote the other Buffett, who said "be greedy when others are fearful and fearful when others are greedy."

I'm keeping a lot of powder dry, because I think the market will be volatile for some time, but I don't mind picking up a few shares of fantastic companies with great businesses and solid balance sheets here and there.

I keep looking at SSO, which is a leveraged SP500 ETF thing. If the SP500 goes up 2%, it goes up 4%. Problem is that it goes down at the same rate

I keep waiting to pull the trigger. Maybe toward the end of the week.

I was thinking of more AAPL and XOM too, but for me I've nibbled on DOW, TTD, BP, ENLC and SYY

quote:

Originally posted by old rugged cross:
I am curious about what percentage of your portfolio that has been affected by the market in the last few weeks.

By my math the Dow is down around 38% from its peak. My accounts, in moderate risk and pretty well diversified, are down about 15%.

quote:

By my math the Dow is down around 38% from its peak. My accounts, in moderate risk and pretty well diversified, are down about 15%.

about the same here cparktd. could be a lot lot worse. But is bad enough.

quote:

Originally posted by oddball:
Bloodbath tomorrow

Well, the Dow closed down "only" 582 points, or 3.04%.

That's almost a pretty good day in Dodge City, at least the bandits didn't run off with the whole herd.

And it is much better than last Monday, down 2,997 points.

quote:

Originally posted by old rugged cross:
I am curious about what percentage of your portfolio that has been affected by the market in the last few weeks. The dow dropping from 29k to 18k and some change. What percentage of your portfolio has gone away?

I'm curious too, then I thought better and haven't looked.

quote:

Originally posted by radioman:
^^^ Awesome. You guys are much bolder than I. I'm just frozen and doing nothing, but I know some day I'll kick myself for not buying (other than 401K contributions). Too scared right now.

I only trade w/ about 10% of the total portfolio

the rest is in vanilla index mutual funds / ETFs that we dollar cost average into

-----------------------------

So what kind of crap high risk are these people investing in that are crying their retirement is down 50% or more, or their 401 is "GONE" or ?

The Dow Jones Industrial Average is 30 stocks... 30... out of almost 700,000 world wide.

^^^^ that's a good question. I think people are projecting that it might become a 50% loss. I've seen that several places.

Above, I mentioned SSO, which is a leveraged ETF where you could lose 50% easily, but someone would have to be absolutely crazy to go "all in" with a leveraged thing like this.

Certainly there are individual stocks that have lost more than 50% --- Boeing for example. But this is where diversification is your friend. I love diversification, since it's really the only free lunch

Well I can on speak in terms of mutual type funds. But if our small portfolio was 80/20 stocks vs bonds. Instead of something more like 55/45 or there abouts I am sure our loss right now would of easily been 50% loss of total value right now. So those invested in 100% equities as of three weeks ago would have suffered some staggering loss' I am pretty sure. Maybe I am wrong though.

Today I bought:
SLB, MGM, EAT, MAC and VLO

quote:

Originally posted by radioman:
My prediction for the upcoming week (which is based on all the available information I have right now)...

Down 2,997 points on Monday

Prediction or fear mongering? Down 582. I'll pas on the next prediction.

I'm dollar cost averaging from now until the rise starts.
Also Dumping 50% of my bonds when I think it's leveling out to go into equity markets.

quote:

Originally posted by apprentice:
Try buying precious metals now. Oh the prices look great, but NOBODY seems to have any for sale. Measly fractional silver aside, and even then the premiums are ridiculous relative to current bid/ask.

Among the current shortages are physical silver and gold. Physical and paper prices are currently detached. I wouldn't normally do this since it's copyrighted material, but here's an excerpt for educational study:

`The situation is very fluid, especially for silver.

Virtually no one is selling so the circulated market had dried up (99/1 buyers/sellers). Our only real source are the fabricators and Mints. Because many large liquidity providers in EU are closed, Swiss refiner Heraeus has sold out (huge demand) and forced to close until further notice, I’m hearing the same thing with Pamp, German & Switzerland Gold dealers have been forced to close because they are unable to provide delivery dates for gold or silver, we have to rely on the US Mint, RCM and Perth Mint.

The US Mint has sold out of silver eagles, will likely get more in 4-6 weeks but premiums are prohibitive.'

---

As an update before I post, I see that Provident now has silver Eagles in stock, at $8.50 over spot.

Huge spike in the gold futures today for the second day in a row. Currently up 100 bucks to 1667.90.

RCL up another 20% pre-market...

quote:

Originally posted by cparktd:
So what kind of crap high risk are these people investing in that are crying their retirement is down 50% or more, or their 401 is "GONE" or ?

The Dow Jones Industrial Average is 30 stocks... 30... out of almost 700,000 world wide.

The ones complaining about massive losses are the ones that have no idea about how the stock market actually works.

I have about 8 accounts that I track in a spreadsheet when I come up with a "total" retirement valuation. Previous Traditional 401k that was rolled into a IRA, Roth 401k rolled into Roth IRA, plus my wife's Traditional and Roth 401k that are rolled into IRA's, plus our current 401k's etc... I used to do this quarterly, then moved to semi-annual, and for the last few year's it's been annual, as of Dec 31.

I'll keep up this strategy and pull everything together as of Dec 31, 2020 in mid January 2021. It's not worth the brain damage to do it more often than that.

Imagine if people tracked the value of their house on a daily/weekly/monthly basis.

Anyone have one of those DOW 20,000 hats I can borrow?