Out of the Market?
How many of you got out early last week before what has been 10 out of 11 days of pain?
I got into bonds in one of my accounts and out of equities, and into a gold ETF in another account last Tuesday. I know, W's buying right now and will make a fortune later, I get it. Buy low sell high, I get that as well. Just a general question. I am in the process of buying two foreclosed homes that I plan to rent here in the Spring/Houston market. Earning a 6-8% return is the play I am making at this juncture. I plan to get back in equities, just not right now. Economic news the past two weeks has been horrible. |
I moved my 401k into fixed income about 3 weeks ago. I'm now getting ready to put it back in play, probably sometime next week it looks like.
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I don't have enought investments to worry about, unfortuately
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holding tight. BUT it is gonna be a bumpy ride.
Most people don't fathom the billions of dollars than flow in & out of the market on a daily basis, and the fact with SO much more money going in & out, than even 10 years ago, that it will create much higher volitility. Just a sign of the times. Case in point. Around this same time last year we experienced a sell off of -16% peak to trough and the market finished out 2010 up +15%. With today's actions, we are at about -10% from peak to today. |
Held like a dumb arse. Looking for a bottom...-350 and counting
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What stocks you guys looking to buy in the next month. I'm gonna pull some savings and buy
--- I am here: |
Considering that many are not moving and pulling out to liquidity (taking profits) could this be considered part of a conspiracy to get folks to take gains and pay taxes on them??
Just my mind wondering. I am standing pat, was pretty conservative any way. I have stopped funding my 401K past matching by the company and putting that towards a rental condo in Orange Beach that we picked up considerably lower than appraisal. I am confident it will cash flow and grow in value over the next five years. |
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AND I get to look at scatily glad wimmins at the pool for the mullet toss off my OWN balcony..........how cool is that.
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Well... I did two things... I sold off a bunch of profit stocks that some I was up 200% to 88%...then I got out of most stocks that move with Obama....then today.. My broker bought into some stocks that are faring good...ill have more info today.... But all in all... I haven't lost a dime....I'm actually made good...
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I sold out on the day of the "sell off?" Thread. Ill buy full force on the day after the market makes its first + gain.
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I think ill do better than the tax hit I took
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Only stocks i still own were left to me and are a BIG pain inthe butt to sell.
went into gold about 5 years ago. |
Here is how I look at something... Right now I'm in a oil stock and it hangs around 14-18dollars....52weeks...yesterday..fell to 10 52 low..... Guess what...boom..all in..why...because I don't care how much lower it goes....it will be back at 14-18 in a few months....pow pow
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And let a hurricane hit....ill be all up in home depot and lowes
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Yall keep buying that Gold..... I buy brass in my favorite rounds!!! That gold is going fall like Obamas in a redneck. Pig roast
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