NorthernVike 2,086 Posted March 19, 2020 Fock it. I just put $5,000 (none retirement funds) into QQQ. May be dumb but what the hell, lets give it a shot. I've still got to put my wife's IRA contribution into the market so that'll be another $6,000 in the next month. 1 Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted March 19, 2020 15 minutes ago, NorthernVike said: Fock it. I just put $5,000 (none retirement funds) into QQQ. May be dumb but what the hell, lets give it a shot. I've still got to put my wife's IRA contribution into the market so that'll be another $6,000 in the next month. It will get back up to a good number, but I was waiting for it to get to $160. I still think that we have a couple of weeks of volatility even if things start to turn quickly for the better on the virus front. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 19, 2020 20 minutes ago, NorthernVike said: Fock it. I just put $5,000 (none retirement funds) into QQQ. May be dumb but what the hell, lets give it a shot. I've still got to put my wife's IRA contribution into the market so that'll be another $6,000 in the next month. You should consider a simple Ira for your team. Is you wife an employee? Share this post Link to post Share on other sites
NorthernVike 2,086 Posted March 19, 2020 31 minutes ago, Alias Detective said: You should consider a simple Ira for your team. Is you wife an employee? I participate in a profit sharing plan at my office. My wife quit at the school and works ( only part time now) so I can only contribute to her's. She doesn't work for me. Share this post Link to post Share on other sites
NorthernVike 2,086 Posted March 19, 2020 36 minutes ago, Patriotsfatboy1 said: It will get back up to a good number, but I was waiting for it to get to $160. I still think that we have a couple of weeks of volatility even if things start to turn quickly for the better on the virus front. I'm counting on the Geek Club being ahead of the curve with this virus treatment. (It has amazed me in the past how this place calls things) Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted March 19, 2020 1 minute ago, NorthernVike said: I participate in a profit sharing plan at my office. My wife quit at the school and works ( only part time now) so I can only contribute to her's. She doesn't work for me. We can contribute to my wife's IRA, but it doesn't lower our taxes anymore. I just max out mine and have started doing the catch-up. We added an option for both a 401k and a Roth 401k, so I put 70% into the regular 401k and 30% in the Roth 401k. Might change the mix over time, but for now that is good for me. Share this post Link to post Share on other sites
Leeson 54 Posted March 19, 2020 40 minutes ago, NorthernVike said: Fock it. I just put $5,000 (none retirement funds) into QQQ. May be dumb but what the hell, lets give it a shot. I've still got to put my wife's IRA contribution into the market so that'll be another $6,000 in the next month. When you say "into the market", do you mean have to buy stocks? Why do you have to put her IRA contribution "into the market"? Is there no other cash or bond option if you want to wait or even dollar cost average back into stocks? Share this post Link to post Share on other sites
NorthernVike 2,086 Posted March 19, 2020 2 minutes ago, Leeson said: When you say "into the market", do you mean have to buy stocks? Why do you have to put her IRA contribution "into the market"? Is there no other cash or bond option if you want to wait or even dollar cost average back into stocks? I can certainly do that but my thinking is that the bottom to this will occur sooner rather than later. To me, this has been overblown, time will tell. I am usually wrong on things like this so... 1 Share this post Link to post Share on other sites
Cdub100 3,907 Posted March 19, 2020 So I was bored earlier this week and bought some stocks in my "fun account." $10k Note: My main account (TSP, ROTH, Investment and IRA) is still cash. Here is what I bought: Ticker / Cost / Current TMO NYSE - 309.62 / 288.30 MMM 133.06 / 135.28 WMT 117.75 / 123.85 (caught the exdiv date) COST 303.81 / 306.46 ALNY 104.36 / 107.23 MRNA 23.51/ 29.31 BNTX 41.10 / 62.75 I'm selling everything tomorrow morning Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 19, 2020 I’m feeling better regarding treatment for this. I think we are near the bottom +-10% I’m soon going to be getting back into the market. Share this post Link to post Share on other sites
lod001 1,344 Posted March 19, 2020 3 hours ago, NorthernVike said: Fock it. I just put $5,000 (none retirement funds) into QQQ. May be dumb but what the hell, lets give it a shot. I've still got to put my wife's IRA contribution into the market so that'll be another $6,000 in the next month. Great move. 1 year from now, while you may have been able to get it lower, you will be glad you did that. Share this post Link to post Share on other sites
lod001 1,344 Posted March 19, 2020 Tomorrow is Quadruple Witching. Watch how the market flat lines or tries to approach the point where the max # of options expire worthless. I don't think it can get there however. If it does flatline for the day, you will wonder why. Realize what a scam it is. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 19, 2020 4 minutes ago, lod001 said: Tomorrow is Quadruple Witching. Watch how the market flat lines or tries to approach the point where the max # of options expire worthless. I don't think it can get there however. If it does flatline for the day, you will wonder why. Realize what a scam it is. Investopedia - Following the week of quadruple witching, the market indices such as the S&P 500 tend to decline, perhaps due to exhausting the near-term demandfor stocks. Despite the overall increase in trading volume, quadruple witching days do not necessarily translate into heavy volatility. Share this post Link to post Share on other sites
Mookz 1,346 Posted March 19, 2020 Peppers is at one twelve. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 We are getting close to buy time. The markets are moving positive today and more economists are thinking the markets, as a whole, are at or near the bottom. Take the info or leave it. Share this post Link to post Share on other sites
NorthernVike 2,086 Posted March 20, 2020 Nasdaq futures limit.... UP! Share this post Link to post Share on other sites
bandrus1 413 Posted March 20, 2020 I have to think the market is going to go nuts when this is taken care of. Much like 2008 I bet a lot of companies are ditching employees even if they are not impacted by this. Expect to see record profits down the road and huge cash injected. We just need to get past this. Share this post Link to post Share on other sites
lod001 1,344 Posted March 20, 2020 1 hour ago, Alias Detective said: We are getting close to buy time. The markets are moving positive today and more economists are thinking the markets, as a whole, are at or near the bottom. Take the info or leave it. Leave it. This is a dead cat bounce rally that should be sold. Share this post Link to post Share on other sites
NorthernVike 2,086 Posted March 20, 2020 46 minutes ago, lod001 said: Leave it. This is a dead cat bounce rally that should be sold. So much for your quadruple witching warning. Share this post Link to post Share on other sites
Patriotsfatboy1 1,432 Posted March 20, 2020 1 hour ago, lod001 said: Leave it. This is a dead cat bounce rally that should be sold. People will see it open higher and then sell off. I expect another drop for the end of the day. Share this post Link to post Share on other sites
nobody 2,671 Posted March 20, 2020 If the S&P holds 2348, we could rally. If it closes below that, we'll be looking at around $1900. Market has been testing the 2347 support but it can't seem to breach it yet. The more times it tests and can't get through the stronger the resistance becomes. This could all change if bad enough news comes out like a huge spike in unemployment or something. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 2 hours ago, lod001 said: Leave it. This is a dead cat bounce rally that should be sold. Fine. If you miss the top or bottom by only 10% I think that’s successful. I think volatility will remains but not in +-10% increments rather +-2-3%. There may be more downside but if/when markets drop 5-10% more I’m going in and will be content doing so. Share this post Link to post Share on other sites
edjr 6,580 Posted March 20, 2020 Just heard they are going to allow a 10% withdrawal of 401k with no penalties Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted March 20, 2020 Sell! Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted March 20, 2020 Buy! Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 3 minutes ago, Hardcore troubadour said: Sell! Just now, Hardcore troubadour said: Buy! I sense you are in a quandary. Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted March 20, 2020 Just now, Alias Detective said: I sense you are in a quandary. I learned a long time ago that I don’t know shite about when it goes up and when it goes down. After Bush got elected I pulled out because I thought he was retarded. While I was out 9/11 happened, so I missed that drop. Got back in after and thought I was slick. Then 2008 came and I was caught flat footed. I didn’t feel so smart then. Decided a while ago to not pay as much attention. It’s like betting on your own team. Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted March 20, 2020 57 minutes ago, Hardcore troubadour said: Sell! Hope you guys listened to this one. I’ll be back. Share this post Link to post Share on other sites
vuduchile 1,945 Posted March 20, 2020 3 hours ago, bandrus1 said: I have to think the market is going to go nuts when this is taken care of. Much like 2008 I bet a lot of companies are ditching employees even if they are not impacted by this. Expect to see record profits down the road and huge cash injected. We just need to get past this. I made some decent money buying during the doom and gloom of 2008-9. I was laid off and got a decent severance package. I immediately opened my own biz and invested a lot of that severance pay in the market. I was nervous as hell buying individual stocks, and definitely cashed out too soon. Not sure I'll be able to do that this time. I'm older and probably shouldn't gamble chunks of cash in a volitlie market. We'll see. Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 On 3/19/2020 at 12:34 PM, Cdub100 said: So I was bored earlier this week and bought some stocks in my "fun account." $10k Note: My main account (TSP, ROTH, Investment and IRA) is still cash. Here is what I bought: Ticker / Cost / Current TMO NYSE - 309.62 / 288.30 MMM 133.06 / 135.28 WMT 117.75 / 123.85 (caught the exdiv date) COST 303.81 / 306.46 ALNY 104.36 / 107.23 MRNA 23.51/ 29.31 BNTX 41.10 / 62.75 I'm selling everything tomorrow morning Update? Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted March 20, 2020 4 hours ago, Hardcore troubadour said: Sell! Nailed it! See you Monday! Share this post Link to post Share on other sites
nobody 2,671 Posted March 20, 2020 6 hours ago, nobody said: If the S&P holds 2348, we could rally. If it closes below that, we'll be looking at around $1900. Market has been testing the 2347 support but it can't seem to breach it yet. The more times it tests and can't get through the stronger the resistance becomes. This could all change if bad enough news comes out like a huge spike in unemployment or something. See you at 1900 Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 1 minute ago, nobody said: See you at 1900 That’s a fair assessment - another 10- 15% is reasonable. Share this post Link to post Share on other sites
Hardcore troubadour 15,424 Posted March 20, 2020 So, if you put let’s say 100k into an s%p fund and it got back to the previous high, what would the 100k profit? Share this post Link to post Share on other sites
Leeson 54 Posted March 20, 2020 2 minutes ago, Hardcore troubadour said: So, if you put let’s say 100k into an s%p fund and it got back to the previous high, what would the 100k profit? I don't think the math is right. The S&P is down 33% (from $3394 to $2281). If the it went back up 33% your $100k would increase to $133k. Share this post Link to post Share on other sites
Cdub100 3,907 Posted March 20, 2020 1 hour ago, Alias Detective said: Update? Ticker / Cost / sold TMO NYSE - 309.62 / 281.09 MMM 133.06 / 138.78 WMT 117.75 / 120.25 COST 303.81 / 306.23 ALNY 104.36 / 107.77 MRNA 23.51/ 27.20 BNTX 41.10 / 52.36 Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 Quick math. About even if allocated equally? 8 minutes ago, Cdub100 said: Ticker / Cost / sold TMO NYSE - 309.62 / 281.09 MMM 133.06 / 138.78 WMT 117.75 / 120.25 COST 303.81 / 306.23 ALNY 104.36 / 107.77 MRNA 23.51/ 27.20 BNTX 41.10 / 52.36 Share this post Link to post Share on other sites
Cdub100 3,907 Posted March 20, 2020 Just now, Alias Detective said: Quick math. About even is allocated equally? Yeah about 2k each Share this post Link to post Share on other sites
Alias Detective 1,400 Posted March 20, 2020 2 minutes ago, Cdub100 said: Yeah about 2k each Capital gain taxes will eat away some gains. Why not try this stock experiment in an IRA? Share this post Link to post Share on other sites
Cdub100 3,907 Posted March 20, 2020 Just now, Alias Detective said: Capital gain taxes will waddle gains more. Why not try this stock experiment in an IRA? Because both of my IRAs, my dividend investment account, and TSP are straight cash right now. I'm not jumping back in until April at the soonest (unless I see a change in market conditions) As I said above I was bored and wanted to make a move. Sure CG will eat into profit, but profit is still profit. Share this post Link to post Share on other sites
