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I am watching for this as well. I liquidated all to cash this week. Interest rates on the rise, inflation, National security concerns, evictions soon, employee shortage, tax increase proposals. It’s gonna be a big correction because of big things happening at once.
Nooo don’t do this you’re making a costly mistake
Time in the market beats timing the market
🥱🥱
And this belief is based on what?
KPMG2 banging his keyboard every night after he clocks out
Yup. Totally see it in my crystal ball. 31.69% actually.
31% so that we’re left with 69
Enthusiast
Economists have predicted 10 of the last 3 corrections 😂
Should be around a 17.8% drop in market next thursday
21 yr old here w/ a full cash position. Gonna chuck my entire intern monies into the dip!!
All the best intern. You are our future!!
It will rip higher until it doesn’t. Does this end well? Probably not, eventually, but at this point who cares. It’s a fools errand to try to call any market tops. It could go on for years.
It’s an unprecedented time and unprecedented approach everyone has to the markets. History suggests it might not end well but precedent can only go so far given the situation of the world now. I think the best way to think about it is just don’t.
Hedge according to your comfort level and focus on other things than a market crash.
I think you have the right idea. I’ve already had some epic mistakes this year trying to time the markets, or responding to what i thought were “obvious signals.”
Just dollar cost average into reasonable things that you know will return one day if things do crash (eg. Enter memes and spacs and obscure alt coins at your own risk). I’m also avoiding margin and options, although i am playing a little TQQQ.
Nobody here will agree with you. Of course the market is dangerous as all hell with the level of mania that’s existed all year. But until a massive flush happens, probably sometime in the next 18 months, people here will just call you paper hands for suggesting it could go anywhere but up.
(Not selling…yet…getting way to much national news traction now on Forbes, NYT etc)
Rising Star
SPY 550 by 12/31
💯
Conversation Starter
Nice, helpful perspectives. I’ll HODL
Fake news being spread by Hedge Funds, banks and other institutions to make retail investors scared and sell early. Then they’ll buy back at relatively lower prices. I fell for this before and lost a lot of money. Please be smarter than me and hold on for the long run
We are due and i’m holding cash. Will be buying dips
VTI and ad-hoc individual stocks where I see good opportunity.
Sounds like this fella has paper hands folks!
Long term investors with strong conviction don’t care. But if you just put a deposit on a Tesla, go ahead and plan accordingly.
My wife is 42. Her grandmother made it to her mid 80s and her mom is poised to do the same. So we need to plan to provide income for her for about 45-50 more years.
Obviously, we will be drawing on our nest egg during that time, but I expect to be sitting on a fair amount of cash in retirement (I’ll sell my primary home and move into my yet-to-be-bought vacation home upon retirement, I’ll have deferred comp cash toll in during my first five years of retirement, my RSUs will best en masses upon retirement), so much of what I have in securities now will still be in securities then, and will remain in securities at a greater ratio than you’d otherwise expect because of my heavy cash position upon retirement).
So no, I’m not planning on working or living until I’m 100, but making sure that there’s still money around when I’d be 95 or 96 does seem prudent given my wife’s age and familial longevity.
Or it could go up 30%
Only up only up!
Rising Star
😂 every other day there’s a correction post.
Sell! Sell!
If you could time the market so well why'd you be wasting your time in Consulting?
Not 30% but May be 10% but we need to go to SPY 455 first, then a 10%
@D3 to have cash on hand to immediately buy the dip. I pulled my money of the market when I learned about the Wuhan lock down and then bought dips across the airline, cruise line and casino industry, got nice returns there. Not saying it wasn't risky, but it was an educated guess. Next time this happens I'll include calls on pharmaceuticals too, history repeats its self, live and learn.