Investing General Discussion
- Thread starter Furious
- Start date
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,499
- 107,555
Gamma Rays
Large sized member
- 3,954
- 9,409
I've never owned shares. But with the market right down, I choose to jump in.
I'm not going to try for quick gains, I just bought a mixed range of shares, looking to see the value rise over the next few years. I bought these yesterday after doing a careful pick and choose. ( all Australian companies BTW ) I finished down yesterday . . . but today, the markets here just closed 15minutes ago. Today I'm up, my gain was close to what my take home pay is for a normal week. Feels good.
I'm not going to try for quick gains, I just bought a mixed range of shares, looking to see the value rise over the next few years. I bought these yesterday after doing a careful pick and choose. ( all Australian companies BTW ) I finished down yesterday . . . but today, the markets here just closed 15minutes ago. Today I'm up, my gain was close to what my take home pay is for a normal week. Feels good.
Ravishing
Uninspiring Title
- 8,452
- 3,577
I contemplated this, but had a bad feeling, sold almost everything. Sitting on 95% cash waiting to re-enter.
Furry
WoW Office
- 19,553
- 24,702
Next two weeks are probably going to be spicy as fuck. Shutting down the economy is just not sustainable long term, yet we are going to do it long term. Quarantines extened to late may, june? The fact that doing that probably won't stop the spread of this either, but slow it down a little.
This is going to ruin the lives of 100+ million people to actually not really save any lives, just prolong them. When people start wanting their money, it's gonna get ugly.
This is going to ruin the lives of 100+ million people to actually not really save any lives, just prolong them. When people start wanting their money, it's gonna get ugly.
- 2
- 1
Furry
WoW Office
- 19,553
- 24,702
Selling at this point carries more risk than earlier times. That said, I think it's likely we'll go to at least 15k, and possible we go as low as 12k. My own plan is to buy back in at ~15k or 4 weeks if we aren't trending down enough.
Gravel
Mr. Poopybutthole
- 36,400
- 115,700
I only check our accounts once a month. Haven't sold anything, only been buying. We're down about $120k.
But that's only looking at months end. Had I checked mid-February at the top, and mid-March at the bottom, it'd probably have been about $160-170k.
Fuck that's painful.
But that's only looking at months end. Had I checked mid-February at the top, and mid-March at the bottom, it'd probably have been about $160-170k.
Fuck that's painful.
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,499
- 107,555
Speaking only for my myself, but selling at the bottom is a really bad idea, unless you absolutely need the cash. I know it is hard, but stay the course if possible. Fear is the arch enemy of investing (well fear and Elizabeth Warren).
That being said, if you have a dog position and after an analysis decide the upside long term is bleak then cutting bait on the dog isn't necessarily a bad idea. I ate a loss on M, I didn't like it but it was the right move as I just felt the risk of bankruptcy was greater than them just selling off the real estate (which would be better for investors). Selling out your entire portfolio at the bottom can create losses it could take 10 years to recovery from. Or you just stop looking at it, and let it recover on its own in a year or so.
That being said, if you have a dog position and after an analysis decide the upside long term is bleak then cutting bait on the dog isn't necessarily a bad idea. I ate a loss on M, I didn't like it but it was the right move as I just felt the risk of bankruptcy was greater than them just selling off the real estate (which would be better for investors). Selling out your entire portfolio at the bottom can create losses it could take 10 years to recovery from. Or you just stop looking at it, and let it recover on its own in a year or so.
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,499
- 107,555
XLRE Real estate Put options up 32% since I bought it 2 days ago. Commercial RE is going to be so fucked in the near future.
Furry
WoW Office
- 19,553
- 24,702
I said it at the start of this crash. Fed was going the wrong way. They needed to kill off some companies intentionally and early and do a controlled burn of bad financials by RAISING standards, not removing them with the money train. Their repo operations are probably the main reason I predict more downturn. Free money doesn't exist. Instead of attacking the cancer, they just fed it and let it grow at the worst possible time.
Not all commercial real estate is fucked, but the companies without a lot of liquid certainly could be.
- 1
Gravel
Mr. Poopybutthole
- 36,400
- 115,700
I think there was a Ted talk or something about the Fed response to 2008. I remember posting it elsewhere and people said the guy was a moron. But essentially his thesis was that everything the Fed did in 2008 made the recession worse.
My gut reaction is that it's the exact same situation now. Their meddling is always poorly timed and usually the worst option.
LachiusTZ
Rogue Deathwalker Box
- 14,472
- 27,162
Prolly not if your trying to slowly dump whatever financial instruments the fed is propping up.
They are sacrificing the countries interests, for a small group of people's money.
Its fucking treason dude. But its so common now ppl dont even recognize it for what it is.
Ravishing
Uninspiring Title
- 8,452
- 3,577
I dumped my positions while still ahead about 7%, I've been trying to time the swings. Beginning of the month with a lot of bad economic news had me feeling like 1st half of April is going to look similar to mid March.
X is looking more appealing with talks of infrastructure, I had a nice gain yesterday but still sold.
X is looking more appealing with talks of infrastructure, I had a nice gain yesterday but still sold.
TJT
Mr. Poopybutthole
- 40,969
- 102,881
Furry
WoW Office
- 19,553
- 24,702
Isolationist policies will probably be a LOT more politically viable in the coming few decades. And X is definitely a company that will benefit from a swing like that. Mexico will likely also hugely benefit from anything like that, and could definitely see this strengthening our trade ties with them a lot, since they are pretty much our vassal and not a real country, and could not shut down sending goods to us without our approval.
- 1
Lumi
Vyemm Raider
- 4,082
- 2,808
Gonna let you in on a little secret. It's not the fed that's retarded. They are doing what they do intentionally.
- 3
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,499
- 107,555
Assuming it is long term investments, just don't look. It sounds crazy but it will ease the anxiety.
- 3