Stock Market (Page 6)

Originally posted by Rogillio

Originally posted by Left Brain I haven't looked since Monday....but I was right at 90K down.....Monday late I moved 20K into a stock fund that has been good to me because the shares were cheap.Not skeered.

You look terrified in your avatar....

That was a bad day.

Originally posted by Rogillio

Originally posted by Left Brain

Originally posted by Rogillio

Originally posted by Left Brain I haven't looked since Monday....but I was right at 90K down.....Monday late I moved 20K into a stock fund that has been good to me because the shares were cheap.Not skeered.

You look terrified in your avatar....

That was a bad day.

And today was a good day....made back $13k. Now, if we can just do this every day for the next 5 business days........

Nah.....I'd like to see it come back to where it was over a couple month period.  Give some folks some time to decide to get in.

Rogillio - happier?   I'm hoping for a bit of a pullback tomorrow and then a stronger week next week, but not like the last 2 days....maybe a gain of 2-3% for the week.

I'm riding the train.

I wish I had some cash to dump in.

HA!!! 

I did that once, have a nice scar on my foot to show for it.  haha

Looks like the market is poised to make a run at some record highs before the end of the year.......so who stayed in and who ran away during the correction and missed this run-up?

I'm still out.  haha

Mine doesn't have anything to do with it going up or down because I invest in all markets.  As for the "correction" it didn't really feel like there was anything substantial with it so it wasn't something to panic about.

I've mentioned it before but the vast majority of this run up (since 2008) is due to QE and a much lesser extent to the economy as a whole.  The feds are really in a pickle because they can't pull the money back out without crushing the markets, so I don't anticipate them doing anything in the near term.

It's still a hugely inflated market, but it's anyones guess how long it will stay there.  Remember, as I said before no gains are real gains until you've sold out.  I've lost a lot of money after I've had huge gains because I held on too long.  haha

I don't think it's that inflated.....certainly not "hugely" inflated.  I wouldn't even consider moving out while QE is in effect.....and there is no way the Dems are going to let the market get hurt in the lead up to elections.  I think this year will still end up in double digit gains and next year could be a big one.

I agree on the getting out part, but what's going to drive the growth next year?

The Dow has been on a tear since 2008 because of QE and QE stopped last October.  So guess what the Dow has done since last October?  yeah, absolutely nothing.  

I'm right at 5% this year.......so it's not "nothing", and it's certainly better than I can get anywhere else.  I'm betting I end the year at 10-12% gain.  I don't care about Oct - Oct.....I'm not the federal govt. 

that's awesome and hey I truly hope you're right and it keeps going up.

Personally, I've been burnt so bad in the market that I'll never ever ever buy and hold again because I just have to have more control.  I'm not saying everyone should do it, it's just where I'm at.  :-/

I will keep the stock market as a very small percentage of my net worth because I just don't trust it.  It's honestly more of a hobby than it is an investment for me at this point.  My biggest investment is my business which I own stock in of course, but I get to control all the costs and drive the sales and I like that.

With the extra cash we're going to be pulling out of the business over the next few years I plan to buy investment properties outright for some diversification.  So on that note a little "downturn" for a year or two would be helpful.  My business is kind of unique as well because we tend to get a lot more business during a downturn due to people looking to save money and outsource business projects.

I moved $20,000 into my mutual fund stock account on the very day it reached it's lowest during this correction.  First time I ever got it exactly right.

haha, that's awesome.  yeah it's like a 99.999% chance that I usually buy at the top and sell and the bottom when I'm trying to time the market.  

Not to resurrect this thread, but...  Can anyone recommend some good books, websites or software for learning how to buy/sell stocks.  I've got some money lying around and would like to invest.  Not sure it is enough to bother hiring a financial manager, and don't would like to learn more before I go that route anyway.

Are you just looking to trade individual equities or ETF's?

Also, what type of strategy are you thinking?  Are you looking to buy and hold or more short term trades?

For buy and hold strategies it's more about long term company performance and industry growth.  With shorter term swing trades it's more about being over bought or over sold and looking for a pull back or bounce and taking advantage of it.