Investing General Discussion
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Blazin
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Sanrith Descartes
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Mr. K
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I can't actively trade to make money, but I have been setting aside funds for a Disney trip in a couple years. I was contemplating using the money and actually investing in Disney, while teaching the kids about it (12 and 9). I was just going to do sort of a dollar cost averaging strategy while the markets still down.
This being dumb? Feel like worst case I might not make and money, but in two years good be up a decent amount.
This being dumb? Feel like worst case I might not make and money, but in two years good be up a decent amount.
OU Ariakas
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Sanrith Descartes
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If you need the money for a trip in a couple of years, I don't know that I would buy stocks with it. We are in vary strange and deep water right now. I would feel terrible if it got gutted in value and thr kids missed a Disney trip. I love Disney.
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Mr. K
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That's fair. I don't know that I'd forgo them the trip if this went totally sideways...but if we go much more sideways than we are now it might get cancelled anyway.
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Sanrith Descartes
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If, big if, if you were bound and determined to invest I would buy MSFT. Some might say AAPL, but for my money on a sure thing if there is one, it would be MSFT. After all we have been through it still hasn't come close to its 52 week low. Its the closest thing to bulletproof we have in my opinion.
Furry
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Interesting. Looks like markets are really hoping that opec all kiss and make up while trumps wish that we're close to the peak is true. Lots of people betting on the markets continuing their downtrend are probably getting hosed.
Mean while my govies are paying out a little, and I'm slowly piling onto my cash for when I buy in.
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If you are needing 2 years to save up for a trip for your little kids, then no you should not be gambling with that money. Your kids will be excited about a visit to Disney only for a few more years.
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Mr. K
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Oh no, I have the money. It was sitting in a money market mutual fund making a little bit before the downturn happened.
Maybe I'll just do a partial investment in Disney instead of the whole thing.
Gravel
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And this is why I don't day trade.Headline on Bloomberg was all about Trump comparing C19 deaths in the coming weeks to world wars. Whether true or not, those headlines have spooked markets over the last month. Tomorrow could be bloody.. Or, asSanrith Descartes said.. Just "the new normal" world we live in.
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Sanrith Descartes
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I wonder how much of today is a short squeeze on thise who stayed short over the weekend.
Pops
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Check your mm tax free funds the yields are still relatively high. 2.41 in AZ. Was 5 ish. MM's are backstopped by the Fed. Haha the same Fed that gave FNMA and FreddieMac an implied backstop.
Furry
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Too many people guessing short almost certainly has helped pause the drop.
Me either. I never base my decisions on the day, but I will make decisions based on timelines months away. Way back in september, before covid I was planning to move to safer stocks around april of this year because I saw a lot of overvaluation in tech and similar stocks and was thinking a correction would come sometime toward the end of this year hitting tech hardest. I honestly thought it'd be a politically timed correction. When covid popped up, the already poor fundamentals made me decide that bonds until late april is the correct course, and I've stuck to that plan irregardless of what the stock market does day to day.
Fogel
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JP Morgan: The worst is yet to come!
Morgan Stanley: The worst is over!
And we're supposed to trust our money with these clowns? Both articles literally right next to each other too.
www.marketwatch.com
www.marketwatch.com
Morgan Stanley: The worst is over!
And we're supposed to trust our money with these clowns? Both articles literally right next to each other too.
Investors should prepare for a coronavirus-induced ‘vicious spiral’ more than twice as bad as the financial crisis, says J.P. Morgan
There is a significant chance the global economy experiences “a vicious spiral, which is typical of recessions, between weak final demand, weaker labor...
www.marketwatch.com
‘The worst is behind us’ — the most attractive risk-reward in years means it is time to buy stocks, Morgan Stanley says
It’s a Monday but there is optimism in the air. Tentative signs that the coronavirus spread may be slowing have encouraged investors.
www.marketwatch.com
Big Phoenix
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I dont think weve seen the worst, maybe not stockmarket wise but economically in general. You cant essentially shut down the entire tourism and entertainment industries for a few months and there not be serious problems.
Also really wishing I had bought back into AMD friday at under $42. But it could have easily dropped as much today as well.
Also really wishing I had bought back into AMD friday at under $42. But it could have easily dropped as much today as well.
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Furry
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Even if these quarantines are hyper effective here, the global shockwaves of this disease will cause a lot of pain for the rest of the year, because places like india will not have effective quarantines. That said, stocks won't necessarily follow the fundamentals, since they are typically a more emotional investment.
Lots of talk of margin calls on private accounts and lawsuits around them starting to pop out now. I think some people are definitely getting turbo hazed for playing things short. That's the main reason recessions like these tend to oscillate. It's never just one side that gets burned.
Lots of talk of margin calls on private accounts and lawsuits around them starting to pop out now. I think some people are definitely getting turbo hazed for playing things short. That's the main reason recessions like these tend to oscillate. It's never just one side that gets burned.