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eh-TEE-oh-clez |
Man, today was a wild ride. | |||
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I believe in the principle of Due Process |
I think his meaning was adequately explained in the following sentences, which I repeat here.
Even so, individual stocks are often much more volatile than the DJIA or S&P. Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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quarter MOA visionary |
You may be able to take it but you don't have to like it. | |||
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Lawyers, Guns and Money |
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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eh-TEE-oh-clez |
yeah, the last week has been brutal. | |||
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Political Cynic |
been a bit of a roller coaster but I am about 10 years from retirement so I am not panicking yet..its still early [B] Against ALL enemies, foreign and DOMESTIC | |||
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Alienator |
I quit checking at this point. Just going to ride it out. Still up for the year so that's a bonus. SIG556 Classic P220 Carry SAS Gen 2 SAO SP2022 9mm German Triple Serial P938 SAS P365 FDE P322 FDE Psalm 118:24 "This is the day which the Lord hath made; we will rejoice and be glad in it" | |||
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Team Apathy |
I haven’t paid my 457 account any mind since it’s inception 11 years ago until last week. I happened to call the fellow at MassMutual to begin the process for moving an old account into the current one and I asked what the rate of returns have been looking like. He told me I’m down a few points for this calendar year but everybody is (his words) but that my 5 year return is 39% and my since inception is 89%. I didn’t know that sort of thing was possible. Sure would be nice if that holds up for the next 15 years too! | |||
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Member |
FBN talking "experts" say it is fear of what China will do. Piss on them, how about they fear what we do! | |||
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Member |
All of my retirement calculations are based on a 5% average return. I'm not even counting on the long term 7% that is so often quoted. | |||
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Member |
NOT too good today | |||
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Green grass and high tides |
I am hoping my more conservative (balanced) approach is paying dividends now. I did not do "off the charts" on the run up like many did. But my plan was to not loose a bunch in the correction periods. As I am going to need funds sooner than later. Will see I guess. "Practice like you want to play in the game" | |||
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thin skin can't win |
Better if my Amazon stock wasn't under Twittersault! You only have integrity once. - imprezaguy02 | |||
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Doing my best to shape America's youth |
Rough day... but think long haul. We import more Chicom crap than any one hemispehere needs. I look about my home and see my kids' stuff is mostly made over there. Slowing down the imbalance would be wonderful, long term, in my un-educated opinion. Clarior Hinc Honos BSA Dad, Cheer Dad | |||
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Member |
I do not think the distinction of "equities" is all that important. We are coming off the lowest interest rates in history. If for any reason we see moderate inflation, we could easily see longer duration bond prices off 50%. _________________________________________ I'm all jacked up on Mountain Dew... | |||
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stupid beyond all belief |
I dumped all nasdaq and stocks that were over 20+% 2 weeks ago and should have listened to myself to dump facebook when I was up 7%. Made it out even at least. so I got half my portfolio into cash before the drop. We'll see if I catch the preverbial knife or not. What man is a man that does not make the world better. -Balian of Ibelin Only boring people get bored. - Ruth Burke | |||
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I believe in the principle of Due Process |
In 50 years of semi pro investing, I have never owned a bond, either in my own accounts or those I had responsibility for. I did not sell any bonds when I was briefly a stockbroker. In that time, I have seen several declines of about 50% in “the market.” When I was a broker, the Dow went from ~930 to ~620! There was another later in the ‘70’s, where the DJIA went even lower. There was the big tech sell off in 2000 or so. The biggest defense against such disasters is to avoid paying wild prices. When a stock is selling for hundreds of times book value, several hundred times earnings, or never made a profit in several years of business, maybe you should not be owning it. Amazon was like this for a number of yesrs. The more business it did, the more it lost. In this case, it eventually turned a profit and worked out OK, but that was by no means certain in the early days. Is buying cheap stocks the answer? Not necessarily. I have had several go to zero, real bargains that got to be even bigger bargains before going out of business. The consternation, and anguish, this causes is anesthetized largely by others that increased in value 500-1000% or more. Another point. Unless you own the 30 stocks in the Dow in the same percentages as the Index, your results are going to be different than that measure. Same with S&P. You are comparing their apples to your oranges. Be sure your comparisons are appropriate. Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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His Royal Hiney |
I'm not trying to make you feel bad or to make you have to justify anything. But just for comparison sake, I looked up the 5 year S&P return including today's dump and the return is 66%. And I don't know what your portfolio make up at Mass Mutual is either and what return is appropriate for you. "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 believe in the principle of Due Process |
I was a subscriber to Investors Business Daily for years. It wasn’t my cup of tea, but I often looked at their CANSLIP technique and wondered if it could produce acceptable results with appropriate risks. Does anyone follow it? I see they have local meetings around the country, so it must be reasnably popular. Any impressions, experience, etc? Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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What would soncorn do? |
Do you mean CANSLIM? https://www.investopedia.com/terms/c/canslim.asp Every citizen should be a soldier. This was the case with the Greeks and Romans, and must be that of every free state. - Thomas Jefferson (1743-1826) | |||
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