Is it time to get out of the market?

[Patriotsfatboy1 1,432]

8 minutes ago, Strike said:

Just logged in to Vanguard, hoping to do a little buying.  Got this:

 

 

Should be reopened now.

[Strike 5,541]

18 minutes ago, Patriotsfatboy1 said:

Should be reopened now.

Thanks.  Was able to make my purchases.

[frank 2,306]

My only investments are retirement accounts. A couple of years ago, I started an IRA and the market dropped almost immediately. At the beginning of this year, I increased the IRA contribution and set my contributions to other two accounts to increase at the end of February. I have an app where I can view daily updates to the IRA and one of the other accounts. Most days it is fun to look at. I think I’ll just avoid looking for a while. 

[MTSkiBum 1,620]

The company I work for is down 31% so far today and counting. It is down 60% since January first, and our stock price on January first was not good.

 

You can refresh our companies internal home page and watch the stock price go down. I am going to have to let some contractors go today that have been with us for many years. I told them at the first of the year that I was unsure how long we could keep them on anyways, but i feel bad letting them go now. The Houston job market is going to be crushed.

[Patriotsfatboy1 1,432]

18 minutes ago, frank said:

My only investments are retirement accounts. A couple of years ago, I started an IRA and the market dropped almost immediately. At the beginning of this year, I increased the IRA contribution and set my contributions to other two accounts to increase at the end of February. I have an app where I can view daily updates to the IRA and one of the other accounts. Most days it is fun to look at. I think I’ll just avoid looking for a while. 

In general, it is a good idea to not look if you are not going to be selling or buying.  It can get ugly and there isn't much that you can do other than get upset.  

[frank 2,306]

53 minutes ago, Patriotsfatboy1 said:

In general, it is a good idea to not look if you are not going to be selling or buying.  It can get ugly and there isn't much that you can do other than get upset.  

I don’t do anything except send the max IRA contribution at the beginning of the year and send payroll deducted retirement contributions each month. I just look for fun. There are many more good days than bad, especially if you consider any increase a good day. 

[bandrus1 413]

how can apache not be a must buy?

[tubby_mcgee 701]

SELLLLLLLL!!!!!! 

 

It's your only hope! 

 

 

 

[nobody 2,672]

4 hours ago, MTSkiBum said:

The company I work for is down 31% so far today and counting. It is down 60% since January first, and our stock price on January first was not good.

 

You can refresh our companies internal home page and watch the stock price go down. I am going to have to let some contractors go today that have been with us for many years. I told them at the first of the year that I was unsure how long we could keep them on anyways, but i feel bad letting them go now. The Houston job market is going to be crushed.

RIG?

[nobody 2,672]

3 hours ago, bandrus1 said:

how can apache not be a must buy?

Because they're a coal company aren't they?  Everyone but Trump hates coal.

[edjr 6,586]

Hopefully the housing market will finally crash. I'm seeing a ton more houses go up

[MTSkiBum 1,620]

20 minutes ago, nobody said:

RIG?

A different oilfield service company. The entire sector looks like that today.

[NorthernVike 2,086]

31 minutes ago, MTSkiBum said:

A different oilfield service company. The entire sector looks like that today.

I've been holding Whiting Petroleum since they bought Kodiak Oil and Gas.  Shoot me now.  

[Djgb13 2,339]

54 minutes ago, edjr said:

Hopefully the housing market will finally crash. I'm seeing a ton more houses go up

Sh1t I wish it would here in Charleston. Focking ridiculous the price of houses here. One of the reasons I haven’t bought one here yet.

[Strike 5,541]

2 minutes ago, Djgb13 said:

Sh1t I wish it would here in Charleston. Focking ridiculous the price of houses here. One of the reasons I haven’t bought one here yet.

That, and being broke.

[Djgb13 2,339]

I’ve got about $2K invested in my portfolio but it’s only on that Acorns app that @mmmmm...beer recommend a while back. Just kinda kept money there and haven’t really messed with it. Looking to maybe throw some in a different investment app and maybe going to an investment advisor (not sure about this one though). Honestly, I don’t know the first thing about investing. I’ve got about 4 different incomes coming in a month so I’ve got some to play around with. Thought about throwing a grand or two on the M1 Finance app and just letting it grow. 
 

Any advice is welcome 

[Djgb13 2,339]

4 minutes ago, Strike said:

That, and being broke.

No it’s not that. I’ve got enough for a down payment on a house and my wife and I both have that VA Home loan we can do so we will get a loan at a low interest. It’s just I don’t want to pay $250K for a house that looks like sh1t. You can’t find a decent house unless it’s outside of Charleston for a decent price. Plus, I don’t know if we are gonna stay here or move. Might potentially move to Asheville. Going there in two weeks again. I don’t want to buy a house only to sell a little later. 

[Hardcore troubadour 15,429]

Pissed.  I can’t believe the stock market didn’t just keep going up forever.  

[Cdub100 3,907]

1 hour ago, Djgb13 said:

I’ve got about $2K invested in my portfolio but it’s only on that Acorns app that @mmmmm...beer recommend a while back. Just kinda kept money there and haven’t really messed with it. Looking to maybe throw some in a different investment app and maybe going to an investment advisor (not sure about this one though). Honestly, I don’t know the first thing about investing. I’ve got about 4 different incomes coming in a month so I’ve got some to play around with. Thought about throwing a grand or two on the M1 Finance app and just letting it grow. 
 

Any advice is welcome 

Come to WeBull and get two free stocks with your deposit.

Eta - they've been doing monthly deposit bonuses so far of got 10 free stocks VG and SNAP. Sold VG and will sell SNAP when eligible. You will also get 2 free stocks with every referral. They also do a weekly paper stock challenge where you can win Amazon gift cards.

The platform is really easy to use and informative.

https://act.webull.com/i/Pidl4YpQPykI/ukh/wb_invitation_2020never

[Djgb13 2,339]

9 minutes ago, Cdub100 said:

Come to WeBull and get two free stocks with your deposit.

Eta - they've been doing monthly deposit bonuses so far of got 10 free stocks VG and SNAP. Sold VG and will sell SNAP when eligible. You will also get 2 free stocks with every referral. They also do a weekly paper stock challenge where you can win Amazon gift cards.

The platform is really easy to use and informative.

https://act.webull.com/i/Pidl4YpQPykI/ukh/wb_invitation_2020never

I use Robinhood and they did the free stock thing when you sign up too. Not sure how I feel about doing the individual stocks when I barely have any knowledge on the subject but it sounds like it’s worth checking out 

[Cdub100 3,907]

4 minutes ago, Djgb13 said:

I use Robinhood and they did the free stock thing when you sign up too. Not sure how I feel about doing the individual stocks when I barely have any knowledge on the subject but it sounds like it’s worth checking out 

You can buy index's bonds etc... On webull too.

At worst you open an account deposit 50 get two free stocks sell them and pull your money back out

[Djgb13 2,339]

48 minutes ago, Cdub100 said:

You can buy index's bonds etc... On webull too.

At worst you open an account deposit 50 get two free stocks sell them and pull your money back out

Sounds good man. I’ll definitely check it out. I’ll see if I like that interface better than Robinhoods 

[Cdub100 3,907]

24 minutes ago, Djgb13 said:

Sounds good man. I’ll definitely check it out. I’ll see if I like that interface better than Robinhoods 

Webull definitely has a lot more screeners and analysis tools than Robinhood (which I also use). I decided to move my play money to Webull after Robinhood docked up last week. Like I said check it out get your two free stocks and bounce if you hate it.

ETA - If you use my link I also get two free stocks, JIC that wasn't obvious. 

[Hardcore troubadour 15,429]

29 minutes ago, Cdub100 said:

I'm just trying to get some free stocks over here. 

Gotcha. 

[nobody 2,672]

Trump to the rescue.  Stimulus plan in work.  We're going to erase all the losses from yesterday today.

[NorthernVike 2,086]

1 hour ago, nobody said:

Trump to the rescue.  Stimus plan in work.  We're going to erase all the losses from yesterday today.

Wrong.  Biden is expected to do well today so the market will be up 4%.

[bandrus1 413]

21 hours ago, bandrus1 said:

how can apache not be a must buy?

 

 

Only 15% bump today probably not enough to matter to any of you big timers 

[Hawkeye21 2,399]

The market is really a mess right now.

[edjr 6,586]

My stock (Callaway) that has gone up 60% since I bought it, is upside down in one week

 

even crypto has shite the bed too

[nobody 2,672]

5 hours ago, bandrus1 said:

 

 

Only 15% bump today probably not enough to matter to any of you big timers 

If your goal was to flip it, great call.  Just like every other energy stock.

[lod001 1,344]

This is quite the 401k buttfocking. Sell you biatches. SELL!!!!!!!!!!!! Fock, I'm gonna make a lot of $ on this if I'm still alive.

[Utilit99 4,099]

I was up yesterday, down today. I have a feeling this will be the trend. The lefties will sell, the righties will buy afterwards.

[Patriotsfatboy1 1,432]

2 minutes ago, Utilit99 said:

I was up yesterday, down today. I have a feeling this will be the trend. The lefties will sell, the righties will buy afterwards.

It is going to be very unsettled for the next few months.  Until the coronavirus levels off, people are unsure of what the global economy will be like in the next 12-18 months.  I think that there may be another 20% drop happening over the next couple of months.  People are scared. 

[Utilit99 4,099]

37 minutes ago, Patriotsfatboy1 said:

It is going to be very unsettled for the next few months.  Until the coronavirus levels off, people are unsure of what the global economy will be like in the next 12-18 months.  I think that there may be another 20% drop happening over the next couple of months.  People are scared. 

Yeah, me too. But I'm hanging in on to what I have as I don't anticipate needing that money in the next year. Hopefully Bernie doesn't pull a rabbit out of his hat and get the win in November. That would scare the crap out of me. 

[Patriotsfatboy1 1,432]

3 minutes ago, Utilit99 said:

Yeah, me too. But I'm hanging in on to what I have as I don't anticipating needing that money in the next year. Hopefully Bernie doesn't pull a rabbit out of his hat and get the win in November. That would scare the crap out of me. 

Oh, I am not selling anything at this point.  I bought some SPY earlier in the week at a decent price.  Might get some QQQ after that, but I am still not jumping in with both feet.  It is very unsettled and I hate seeing all of that red when I look at where things are.  

[Alias Detective 1,400]

On 3/10/2020 at 10:04 AM, bandrus1 said:

 

 

Only 15% bump today probably not enough to matter to any of you big timers 

Down 25% unless you day traded that focker.  I’m curious, what did you do?

[nobody 2,672]

39 minutes ago, Utilit99 said:

I was up yesterday, down today. I have a feeling this will be the trend. The lefties will sell, the righties will buy afterwards.

Libs don't own stock.  They hate capitalism.

[Alias Detective 1,400]

44 minutes ago, Utilit99 said:

Yeah, me too. But I'm hanging in on to what I have as I don't anticipate needing that money in the next year. Hopefully Bernie doesn't pull a rabbit out of his hat and get the win in November. That would scare the crap out of me. 

 

40 minutes ago, Patriotsfatboy1 said:

Oh, I am not selling anything at this point.  I bought some SPY earlier in the week at a decent price.  Might get some QQQ after that, but I am still not jumping in with both feet.  It is very unsettled and I hate seeing all of that red when I look at where things are.  

I sold some on Monday, yes at a steep loss that day, to buy back in at a lower price.  
I had 20% in cash already and freed up another 10% of my investible assets to be in cash waiting for a lower low.  I hate rooting for losses but I really don’t think me rooting has any impact on what really happens and I expect the markets to go lower.

[Utilit99 4,099]

1 minute ago, Alias Detective said:

 

I sold some on Monday, yes at a steep loss that day, to buy back in at a lower price.  
I had 20% in cash already and freed up another 10% of my investible assets to be in cash waiting for a lower low.  I hate rooting for losses but I really don’t think me rooting has any impact on what really happens and I expect the markets to go lower.

I don't day trade for a living and don't have the time or desire. I'm just in for the long hall on my one stock that is my place of employment. When I got the job in the early 2000s, I was buying in at a company 15% stock discount at around $17 a share. It's had its ups and downs over the years but I still bought twice a year, and it reached the $200's early this year even though it's falling quite a bit lately. I won't lie though, it hurts at this time. But I'll see it through.

[BufordT 434]

How long will it be until the market sets another record high?  I'm thinking 7-8 years.