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Financial markets dropping. Buy, sell or hold?
January 31, 2020, 10:19 AM
NavyGuyFinancial markets dropping. Buy, sell or hold?
The few individual stocks I hold are all solid companies with proven records and good financials. Along with most all stocks they have taken a plunge mostly accountable to the coronavirus scares. I'm considering buying additional shares since it seems to be a bargain but worry about further declines and who knows what will happen in the President Trump deal.
What are you guys doing? Buy, sell or hold?
Men fight for liberty and win it with hard knocks. Their children, brought up easy, let it slip away again, poor fools. And their grandchildren are once more slaves.
-D.H. Lawrence January 31, 2020, 10:19 AM
PowerSurgePresident Trump deal?
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The fool hath said in his heart, There is no God. Psalm 14:1
January 31, 2020, 10:24 AM
ensigmaticThe common wisdom is if you try to chase market trends you'll end up losing.
Personally, I tend not to look at our retirement account during downturns.
"America is at that awkward stage. It's too late to work within the system,,,, but too early to shoot the bastards." -- Claire Wolfe
"If we let things terrify us, life will not be worth living." -- Seneca the Younger, Roman Stoic philosopher January 31, 2020, 10:26 AM
NavyGuyquote:
Originally posted by PowerSurge:
President Trump deal?
Who knows how the market will react to the outcome of the impeachment effort.
Men fight for liberty and win it with hard knocks. Their children, brought up easy, let it slip away again, poor fools. And their grandchildren are once more slaves.
-D.H. Lawrence January 31, 2020, 10:33 AM
6gunsHold unless further downturns indicate buying more. Time in the market, not timing the market.
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January 31, 2020, 10:54 AM
wxlHold over the long term is my plan
January 31, 2020, 11:08 AM
craigcpaIf you have the dough, BUY!
I’m selling some over-performing stock at a very high premium, and buying some under-performing at below (what I believe is) value.
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Just my 2¢
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January 31, 2020, 11:16 AM
triggertreatHold what I got and probably buy with some of the cash I hold.
I'm alright it's the rest of the world that's all screwed up! January 31, 2020, 11:22 AM
msfzoeHold, maybe buy at certain levels.
January 31, 2020, 11:24 AM
bubbatimequote:
Originally posted by PowerSurge:
President Trump deal?
I heard he just signed a trade deal with Mexico and Canada, replacing NAFTA.
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Often times a very small man can cast a very large shadow
January 31, 2020, 11:34 AM
LBTRSHolding of course. I'll continue to DCA into the market as it drops or recovers.
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January 31, 2020, 11:44 AM
oddballSome are speculating that the WHO's announcement yesterday declaring the coronavirus as a global emergency is driving some of the fear.
"I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965
January 31, 2020, 11:47 AM
PDMarket is definitely due for a correction but don’t ask me when. I’m always a day late and a dollar short
January 31, 2020, 11:48 AM
1s1kquote:
Originally posted by ensigmatic:
The common wisdom is if you try to chase market trends you'll end up losing.
Personally, I tend not to look at our retirement account during downturns.
This. You only get hurt riding a roller coaster if you jump off.
With that said I don’t mess with individual stocks because of the volatility.
January 31, 2020, 11:54 AM
nighthawkIt’s the virus causing problems. Workers in China are urged to stay home, airlines are suspending service, travel is down by tourists. My wife’s company was supply to have a big meeting next week bringing in quiet a few people from the Asia regions, they were told to stay home, and not to travel. The markets will take a hit until a vaccine is found, and people are inoculated.
"Hold my beer.....Watch this".
January 31, 2020, 12:20 PM
nhtagmemberwhat is your investment horizon?
IF you need the money TODAY, then sell TODAY
if you don't need the money today, then what you're betting is that the market is at its high, and the stocks you want to sell will not increase in appreciation after today
that is a pretty good crystal ball - but my bet is the market still has a lot of legs left in it and to get out now due to 'jitters' is unreasonable
my investment horizon today is 10 years - all of the money I have invested in not needed to anything foreseeable for at least 10 years
[B] Against ALL enemies, foreign and DOMESTIC
January 31, 2020, 12:26 PM
EdmondI still kick myself for not buying Apple after it split in 2014 to $70/share. Now it's at $310/share. I had told myself that I would have a chance to buy at a decent price again.

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January 31, 2020, 12:41 PM
old rugged crossupwards of 40+% of Americans over the age of 50 have less than $100k saved for retirement. A large percentage have a lot less. Don't be one of them.
Do the dollar cost average thing and you will be ok over the long haul.
I have never been one to buy individual stocks though.
"Practice like you want to play in the game"
January 31, 2020, 01:08 PM
comet24Unless you really know what you are doing just hold on.
The Coronavirus virus is causing fear. China partly shutting down cities is not helping. Add the impeachment hearing which all adds uncertainty to the market.
The Coronavirus virus will fade away and the impeachment hearing will end with no impeachment at some point.
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Because in the end, you won’t remember the time you spent working in the office or mowing your lawn. Climb that goddamn mountain. Jack Kerouac
January 31, 2020, 01:18 PM
220-9erIf somebody actually had the knowledge to reliably predict things like that in real time they would be bizillionare.
All else is pure speculation. Even from your best friends here on Sigforum.
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Avoid buying ChiCom/CCP products whenever possible.