Furry
WoW Office
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The conditions of bet were met, she is not welching. People as pathetic as araysar are few and far between, and mist is not that low-life.
Investing General Discussion
- Thread starter Furious
- Start date
Hateyou
Not Great, Not Terrible
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Sanrith Descartes
Veteran of a thousand threadban wars
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Ravishing
Uninspiring Title
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Mist's predictions were right , the bet wasn't lost.
On March 9th at the time of that post, DOW was 24K
March 23rd, DOW at 18.5K
DOW recovered past 23K April 8th and stayed above since.
Hateyou
Not Great, Not Terrible
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Hmm I guess. I read it as she was saying aug it would hit 19k but would not get back above 23k until the end of 2021. Like saying it would be below 23k from aug 2020 to dec 2021.
Sanrith Descartes
Veteran of a thousand threadban wars
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Long-term investing is the key. I look at the two stocks I bought after earnings misses and then cut bait when they didnt stabilize (INTC and CVS), Had I not cut them down 10% (which is my normal cut-off to guard against deep losses), they both recovered to my predictions. I just paper-handed them instead of trusting my analysis.
Sanrith Descartes
Veteran of a thousand threadban wars
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The other day I had a limit order to buy at $525 and it was just a little too deep. Gonna regret that one I think.
Mist
Eeyore Enthusiast
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What? It fell to 18591 and has already recovered past 23k far earlier than predicted. What part of my prediction was wrong?
Mist
Eeyore Enthusiast
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Ravishing
Uninspiring Title
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I wasn't expecting March, but seeing 2 bearish weeks in a row did have me a little nervous.
Summer months, especially September, tend to be the worst months for the market.
Last year alone:
June, the DOW dropped 2.5K after hitting a high
September, the DOW dropped 2.5k after hitting a high
Mist
Eeyore Enthusiast
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Those were also the start of COVID surges that denialists said weren't going to happen.
Using 2020 as a guide for anything is not smart.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Lots and lots of professional wall street traders take the summer off. This is where the "sell in May and go away" saying came from.
Ravishing
Uninspiring Title
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I just used it as an example, if you want to play with timeframes then here's a nice widget for it:
Monthly Stock Market Returns
Which Months are Best (and Worst) for the Stock Market?
www.moneychimp.com
Using the last decade, 2010 to 2019:
April has been the best month with only 1 down year
August has been the worst month with 7 down years
Rest of the months are around 3-4 down years.
--
In terms of Rate of Return:
February has been the best performing
August has been the worst, with May not far behind.
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moonarchia
The Scientific Shitlord
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Well, my work 401k is through Fidelity already, so setting this up was easy peasy. 2020 max contribution sent in via ETF, and once that clears I will send in 2021 max contribution.
Sanrith Descartes
Veteran of a thousand threadban wars
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I bought back in the other day at $6.50 and sold it pre-market at $8.00 this morning. I wasn't looking a gift horse in the mouth.
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