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| Member |
I remain invested in stocks. You should be diversified within your portfolio, Stocks, bank savings, Gold, etc. I own no Bitcoin but own Tesla (yes I'm flying close to the sun with Tesla, I know). Go figure. We will have a good size correction this year or, perhaps several small 2-3% corrections this year. I view this as normal given the market is overbought. Most stocks are priced very high. Others are very low considering what they will be worth in Spring/Summer. I give 'Cramer' the side-eye and 50% grain of salt credibility. He's been around a long time on CNBC with his 'show'. When CNBC brings Tom Lee from Fundstrat (and other credible advisors) on for interviews, listen up. Although the Biden Presidency and the loss of Congress will present all sorts of problems for us, IMHO it's not something that should prevent you from investing in the market (talk to your financial advisor-I'm not one). | |||
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| No double standards |
But what is the chance of a Dem voting with the Repubs, vs a RINO Repub voting with the Dems?? I think it a lot more likely to have a RINO or two be a turncoat. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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| Member |
Sit tight is what I was told by a very trusted customer, previous .gov worker. Just rumors, I'm not a financial guy! _________________________________________________ "Once abolish the God, and the Government becomes the God." --- G.K. Chesterton | |||
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Nosce te ipsum |
Seeing how the Dow charged to 31000 from 30000, I’d not be surprised to see 40,000 within 18 months. Another calamity will drop the market 40%. So who’s to ever know what to do. Watch what happens when a nutcase group finally triggers a nuke in a port city. | |||
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| Member |
I keep worry about that very same question. BUT, where do you go with the money??? Gold, Real Estate- over valued. Safe investments- cd's/bonds/etc you don't make anything on right now. Interest rates NEED to start moving up....I think once they do, there will be a bit of a slow exodus from the stock market and back into Cd's and Bonds once they get to a decent return again...... I also know we are going to have an economic slowdown or recession in the very near future......look at how many large companies have closed many stores (Macy's, BB+B, Pier 1, etc. etc.) strip malls have lost tenants, restaurants that have gone out of business, etc. The court systems haven't even caught up with all of the tenants that landlords are trying to evict. We're overdue for it. But with Biden, WHO KNOWS....... | |||
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| Big Stack |
There are 50 caucusing with the Dems (this is where Sanders comes into play, and he's more leftist than any of the actual Dems.) And now Murkowski may go indie.
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crazy heart |
The hard fact is this: NO ONE knows what the market will do. | |||
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Member |
I’ve given this some thought, upper 50’s, 7+/- years. I’ve never been an all or nothing investor, don’t like large, possibly emotional moves. I’m mostly ‘in’ the stock market, the largest part is diversified market indexes, then a portion aggressive funds. I may up the ‘cash reserves’ a bit. I do believe that Chevy will cost more in 15 years, inflation. I thought most any 12 year period of the overall market was up. | |||
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| Banned |
Listened to Rush the other day. He (IMO) has it right. There are so many ultra rich democrats in the market that are not interested in losing money the market will remain relatively safe. Democrats love to portray themselves as haters of the rich. All a facade. Wall Street is brimming with democrats. | |||
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Member |
I've been investing in stocks for years and have no plans to get out of it:  My Native American Name: "Runs with Scissors" | |||
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| I'd rather be hated for who I am than loved for who I am not |
or one turncoat!!! I'm worried | |||
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| As Extraordinary as Everyone Else  |
A couple of minor points... I believe that yes you should be diversified and in my case that includes a rather sizable real estate holding (not counting my primary residence) If you own a s&p 500 index fund you own Tesla so while it is quite a volatile stock this is an easy way to buy into it if you so choose. If you remember last year we had a “correction” where the market (as defined by the s&p) declined 23%. This technically put us in a bear market... market fluctuations of 2-3% are not corrections but rather day to day fluctuations in a volatile market. This is something that we should have gotten use to by now. I expect with Biden in office that the volatility (also known as the VIX) will actually be lower moving forward as the billionaires pulling the strings behind the curtain quietly go about their business. Pions in the market, like us, can choose to go along for the ride or wait it out but I expect that 2021 will be a good year. ------------------ Eddie Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina | |||
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| Serenity now! |
I'd agree with the stock market rising further with all of the printing that we'll see in the next few months. Keeping cash besides an emergency fund is a actually losing money based on planned inflation and pitiful rates. What's the SF brain trusts thoughts on physical Gold Bullion? One should be diversified but this is a medium to long term hold, anyone else buying metals? ------------------------------------------------ 9/11/01 Never Forget "In valor there is hope" - Tacitus | |||
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| Member |
In middle of COVID my buddy decided to go all or mostly cash. Probably sold off most in low 20’s. It’s at 30 now. Market timing is a ridiculous gamble that none are smart enough to play. I always ask one question when someone asks this question. If this is the variables that will get you into cash, what criterion will you use to get back in the market? If you think you have a good answer then go for it. Almost no one has a good answer and you will sit on sideline with cash through a lot if gains. | |||
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| Be not wise in thine own eyes  |
All gun, no ammo. You put your stock in the wrong commodity. “We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,” Pres. Select, Joe Biden “Let’s go, Brandon” Kelli Stavast, 2 Oct. 2021 | |||
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| Member |
There are numerous Republicans that will vote with the left if it benefits them. When Congress is back in session we all should be wary and vigilant. | |||
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Ammoholic |
Your buddy must be kicking himself. Ouch, that was an expensive move. If you are going to try and time the market, at least do it at a high, not at a low. Jesse Sic Semper Tyrannis | |||
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| Member |
I just have a couple points. First of all, the filibuster has only been removed for limited purposes. Any gun control laws will require 60 votes to get out of the senate which isn’t going to happen. Second, if you watch the currency markets you will see that the dollar is losing value, mostly due to all of the deficit spending that is going to happen. If the market had no movement in real terms it would have to go up in value. It will take more of the newly devalued dollars to buy the same amount of shares of a company. Accordingly, I expect the market to continue to go up. Lastly, let’s try to look at some of the bright side. The SALT exemption is going to go away. Spending bills are one of the filibuster proof items that can be approved in a divided senate. The liberals have hated the SALT limit since it’s inception and it’s on top of the dems order of business. While this policy won’t help our deficit it might help stop the migration of liberals from the liberal states with high taxes. This might help stop diluting the red states. Heck I’m going to see a net increase in my money as I saw virtually no benefit from the recent tax cut because my lower marginal tax rate was offset by my decreased deductions. Since the dem tax plan doesn’t include an increase in the marginal rate for my tax bracket I will see a large financial benefit which I can spend on guns and other similar items which will further stimulate the economy lol. Let’s not look at things as the end of the world just yet. “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.” | |||
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| His diet consists of black coffee, and sarcasm.  |
This is at best very premature. (The reasons why it's unlikely we'll have a 1929-style "crash" have already been covered.) It reminds me of the beginning of the Covid pandemic, when people, apparently thinking it was a Stephen King's The Stand, end-of-the-world scenario, asked if they should take all their money out of the bank. A widespread "run" on the banks would have caused an economic crash for sure. Everybody selling off their stocks out of panic would do the same, would it not? | |||
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| Big Stack |
Beyond the normal gun control being a policy issue for the Dem as it usually is, with the sacking of the capital, they are now genuinely pissed off at conservatives, and likely want to make a forceful statement. Blowing away the filibuster (which a lot of the insurgent left really wants to do), and passing a very draconian gun control law would make that statement.
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