Out of the Market?

[ckinchen]

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.

[PaulMyers]

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.

[jchief]

I don't have enought investments to worry about, unfortuately

[cmdrost]

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.

[Zachary Boy]

Held like a dumb arse. Looking for a bottom...-350 and counting

[yak'em-n-stack'em]

What stocks you guys looking to buy in the next month. I'm gonna pull some savings and buy


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I am here:

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[simplepeddler]

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.

[Shawn Braquet]

Originally Posted by simplepeddler

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.

My grandmaw has a beach condo in Gulf Shores, she bought it 15 years ago or so now appraises for 10x what she paid for it. Thats not counting what she rents it out to friends for (which is half of what you pay through the condo itself so it's a win win for her friends and her)

[ckinchen]

Originally Posted by simplepeddler

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.

I like that play, I'm long real estate investing right now at least as it relates to income producing properties purchased subsequent to the subprime bubble.

[simplepeddler]

AND I get to look at scatily glad wimmins at the pool for the mullet toss off my OWN balcony..........how cool is that.

[Shawn Braquet]

Originally Posted by simplepeddler

AND I get to look at scatily glad wimmins at the pool for the mullet toss off my OWN balcony..........how cool is that.

It's definitely a plus, have yet to make it to the mullet toss. I always go the week of or before Memorial Day.

["W"]

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...

[ckinchen]

Originally Posted by "W"

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...

I knew you would, why did I waste 5 years of my life in college and another year studying for the CPA exam. All I ever really need to do was meet you and I would have been rich.

[Dink]

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.

[ShadMan]

Originally Posted by Dink

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.

Smart man! Personally, I'm not going to jump back in for a while, even if it starts trending upwards again. Several European countries are about to be in trouble, and it will affect our market as well. And we are about to go through all of this again when Congress faces another shutdown next month because they still have failed to draft a budget all year and the next deadline is looming. I'll probably buy back in on November 5, 2012.

Y'all can read again what I said about fools in this thread.

http://www.saltycajun.com/forum/show...ighlight=fools

Anyone who heeded my "non-advice", you're welcome.

[Dink]

I think ill do better than the tax hit I took

[eman]

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.

["W"]

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

[ckinchen]

Originally Posted by "W"

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

I did keep one mid cap oil company that has performed well. I do not trust where our economy is headed so I'm out of everything else for now. Gold, bonds, MMKT and income producing real estate bought out of foreclosure is where I am at.

["W"]

And let a hurricane hit....ill be all up in home depot and lowes