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Registered
Join Date: Dec 2001
Location: Cambridge, MA
Posts: 44,473
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What did your financial advisor
tell you what to do the third week of February and the first week of March?
Did anyone's tell you to convert some X% to cash to use for buying the bargains to come? Or just to stay to stay in ride it out? Given the nature of the stock market decline based mostly on Chinese manufacturing slowdown and US inadequate response leading to a future massive economic slowdown, wondering how many Michael Burry's are out there.  
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Tru6 Restoration & Design |
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03-16-2020, 09:29 AM
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AutoBahned
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I advised myself to do a little selling in Jan & Feb
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03-16-2020, 12:38 PM
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Join Date: May 2017
Posts: 15,527
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I advised myself to back off on equities when I retired last year. I also advised myself to rebalance each quarter.
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03-16-2020, 12:41 PM
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Brew Master
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Been trying to buy a little on each dip. Only regret with my IRA's is that I should have been doing it in smaller increments up to my max allowable for SEP IRA contributions.
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Nick |
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03-16-2020, 12:42 PM
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Registered
Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,105
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No advice. I hoarded some cash in Q4 for an upcoming investment this year.
I look like a genius. On a different note, what the heck should we buy now??? |
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03-16-2020, 12:43 PM
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Brew Master
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Quote:
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Nick |
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03-16-2020, 12:46 PM
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Banned
Join Date: Jan 2005
Location: cutler bay
Posts: 15,136
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july 2028 oil futures currently 46xx
if you can cover the short term margin calls in the next few months oil has always come back over production costs in the long term |
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03-16-2020, 12:53 PM
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AutoBahned
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Quote:
same more or less as a month ago plus stocks whose value has now been "uncovered" by the market drop - services, restaurants, bars and lots of others Plus, things which will do well in the changed circumstances we are in now (now being a state that may last for nearly a year) - Amazon should do well for example; FedEx maybe - various stocks in the health space too Last edited by RWebb; 03-16-2020 at 01:02 PM.. |
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03-16-2020, 12:59 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,335
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Quote:
That's the problem. You could have a financial advisor that gives you that advice frequently. This time, maybe they were right and you made a ton of money, but how many times have they given you that advice and it didn't work out like this? I thought about selling some off, and now I'm wishing that I had. That's easy to do with hindsight. As long as I don't sell now, and I have the time to wait, I won't lose any money and I'll end up making some.
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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03-16-2020, 01:10 PM
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I see you
Join Date: Nov 2002
Location: NJ
Posts: 29,949
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I moved 150K out of equities into a money market based guaranteed fund in January. She says we must sit tight for now and re-balance again after recovery.
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Si non potes inimicum tuum vincere, habeas eum amicum and ride a big blue trike. "'Bipartisan' usually means that a larger-than-usual deception is being carried out." |
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03-16-2020, 01:14 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,335
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Quote:
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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03-16-2020, 01:39 PM
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I'm glad I listened to myself last year and got out when I did.
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Scott '78 SC mit Sportomatic - Sold |
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03-16-2020, 01:55 PM
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I see you
Join Date: Nov 2002
Location: NJ
Posts: 29,949
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Quote:
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Si non potes inimicum tuum vincere, habeas eum amicum and ride a big blue trike. "'Bipartisan' usually means that a larger-than-usual deception is being carried out." |
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03-16-2020, 01:56 PM
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FUSHIGI
Join Date: Feb 2006
Location: somewhere between here and there
Posts: 10,755
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Have had 85% of my retirement in bonds and 200k in cash waiting for this moment...
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Cults require delusions. |
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03-16-2020, 02:24 PM
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Registered
Join Date: Jan 2002
Location: west michigan
Posts: 26,934
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I'm into Utilities. Slow..steady growth..dividends that keep increasing. Safe investment.
For the past 30 years..it's done very, very well.
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI Last edited by stevej37; 03-16-2020 at 02:41 PM.. |
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03-16-2020, 02:36 PM
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Registered
Join Date: Dec 2001
Location: Cambridge, MA
Posts: 44,473
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Quote:
 Euro 1983 Porsche 928S
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Tru6 Restoration & Design |
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03-16-2020, 02:36 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,335
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Quote:
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Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa SOLD 2004 - gone but not forgotten
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03-16-2020, 02:38 PM
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FUSHIGI
Join Date: Feb 2006
Location: somewhere between here and there
Posts: 10,755
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Quote:
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Cults require delusions. |
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03-16-2020, 02:58 PM
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AutoBahned
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Quote:
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03-16-2020, 03:11 PM
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Registered
Join Date: Jan 2002
Location: west michigan
Posts: 26,934
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^^^
I started buying @$7 and it's grown to $65 (except for the virus drop) now at $56 A healthy dividend each month..can't go wrong. Has anyone ever heard of a utility going under??
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78 SC Targa Black....gone 84 Carrera Targa White 98 Honda Prelude 22 Honda Civic SI Last edited by stevej37; 03-16-2020 at 03:26 PM.. |
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03-16-2020, 03:21 PM
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1985 Porsche 911 Cab
My former car
