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I Deal In Lead |
You got that wrong. Should be that anyone who is in a panic selling mode doesn't understand the situation. | |||
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| The Ice Cream Man |
Eh, maybe. If we had sane leadership, and a financially educated population, this would be a great time to eliminate double taxation on dividends, and try to return the stock market to some semblance of rational basis. TMK, quite a few of the major stocks, never make money. The idea of a company being valuable, when it never pays its shareholders anything/never turns a profit, is a bit bizarre | |||
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Shall Not Be Infringed |
Really, what's your 'understanding' of the situation? Could be that you don't know what you don't know... ____________________________________________________________ If Some is Good, and More is Better.....then Too Much, is Just Enough !! Trump 47....Make America Great Again! "May Almighty God bless the United States of America" - parabellum 7/26/20 Live Free or Die! | |||
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His Royal Hiney |
I get what you're saying and I agree with it. But the point about "panic selling" still remains; but it's only "panic selling" if you sell at or near the bottom and then miss the upswing from when you sold. But even if you miss the upswing from when you sold, I still think it's a plus if it really is on the upswing and not just a dead cat bounce because you saved yourself the stress of riding the stock down. And, yes, I sold off the stocks under my control back in January and then April 27, I quit Fisher Investments and sold everything. I'm quite happy I missed the intervening volatility and have stopped my losses or, as you put it, locked in my gains. "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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| His Royal Hiney |
If you have a 2.5% fixed mortgage, you'd be stupid to pay it down when interest rates are going up. If you're headed to troubled times, than cash flow management is paramount. Don't load up on debt, keep your lines of credit open, and conserve cash. Then when troubled times begin, begin to look at your lines of credit as a way to keep your cash flow going. That's when you load up on debt and pay the minimum to stretch out your cash. Paying the interest rate on debt is better than depleting your cash and then trying to go into debt because you won't have any cash to service your debt. "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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| I Deal In Lead |
If the market doesn't come back, it would be the first time in the history of the stock market where it didn't and it's been in existence for over 200 years. That's my understanding. I see no way for that to happen or even come close to happening and so I'm buying stocks while others are selling. I know what I don't know, but I also know the odds against it are astronomical, right up there with winning the lottery twice in a row. | |||
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Member |
Japan is still waiting for it's stock market to recover to it's 1989 high of 38,915 and is still way below that peak at around 26,000. Not saying that is what is going to happen here but this could certainly end up being a long secular bear market. As always one needs to do what is in the best interest for their personal goals, tolerance for risk, and time frame. | |||
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