Covid Stock Purchase Thread - Page 2

Chocaholic · 03-24-2020, 03:07 PM

E-trade. Cheap and easy.

biosurfer1 · 03-24-2020, 03:32 PM

Fidelity....can't get cheaper than free trades!

McLovin · 03-25-2020, 09:24 AM

Wow, Boeing up 31% today.

McLovin · 03-25-2020, 09:26 AM

I think this incredible sale may be over . . .

biosurfer1 · 03-25-2020, 09:35 AM

Quote:

Originally Posted by McLovin

I think this incredible sale may be over . . .

Possibly...or its the biggest dead cat bounce ever.

I had 5 stocks up 20% yesterday. There is a good chance that will never happen again in my life.

McLovin · 09:40 AM

I just can’t see any reason the market is going to go down to 15. Or even back to 18. The cat was just panicked, not dead.

biosurfer1 · 03-25-2020, 09:40 AM

Quote:

Originally Posted by McLovin

I just can’t see any reason the market is going to go down to 15. Or even back to 18. There is no dead cat.

I tend to agree, but what the hell do I know.

KFC911 · 03-25-2020, 09:42 AM

Quote:

Originally Posted by McLovin

I just can’t see any reason the market is going to go down to 15. Or even back to 18. The cat was just panicked, not dead.

Other than me getting back in? ....nah

I like it just fine where I am...out

McLovin · 03-25-2020, 09:47 AM

C’mon, we need you!

Laneco · 03-25-2020, 09:48 AM

Quote:

Originally Posted by stealthn

Who makes vibrators?

Dangit - there goes another keyboard - LOL!

angela

McLovin · 03-25-2020, 09:51 AM

Quote:

Originally Posted by KC911

Other than me getting back in? ....nah

I like it just fine where I am...out

I feel the same as you, though.

I’m very cautious. I think it’s a super fine line between “fortune favors the brave,” and “a fool and his money are soon parted.”

McLovin · 03-25-2020, 09:53 AM

Quote:

Originally Posted by stealthn

Who makes vibrators?

Apparently something called Boeing Co.!

GG Allin · GG Allin's Garage

UPRO or TQQQ on the way back up, if you can stomach it.

schamp · 03-25-2020, 05:27 PM

Use Schwab.

AFL, SO yesterday

sammyg2 · 03-26-2020, 06:45 AM

Couldn't sit on my hands any longer, back in.
Spread out over funds based on S&P, and some blended funds that are a little more conservative. Not too aggressive, not too greedy.
Prolly early but sometimes you just gotta say what the heck.
Got out at 25k, back in at 22k, if it doesn't fall again I'm good.
Even if it does it'll eventually rebound, just take longer.

biosurfer1 · 03-26-2020, 06:52 AM

I'm still in but definitely worried...anyone see the giant spike in unemployment today?!?

SiberianDVM · SiberianDVM's Garage

The stock based portion of my retirement account is down about about 30% during this insanity, or about the total of the gains it made in the last year. Is that about what everybody else is seeing?

The majority of my retirement account is in Treasury bonds, so I'm not freaking out, but I'm not a skilled investor. I just put money in while I was working and plan on leaving it where it is until I need it.

McLovin · 03-26-2020, 09:34 PM

Quote:

Originally Posted by biosurfer1

I'm still in but definitely worried...anyone see the giant spike in unemployment today?!?

Yes. And the market completely ignored it and broke more records going up today.

That tells me we’re seeing a lot of irrational exuberance.

I’ve changed my outlook from yesterday. I think we are going to see another significant drop.

I went in on Monday but have been sitting since. I’m not putting more in right now. Waiting and watching.

Paul T · 03-27-2020, 05:54 AM

I always hesitate to make general market predictions, especially when they are saved on the interwebs forever! But, I'll make an exception here. Don't be fooled by the latest rally...stocks really aren't "that" cheap here historically and earnings are going to continue to deteriorate into Q2. Likely we're going to see several NYC style hotspots in the coming weeks with ICU units overwhelmed. Ignoring social distancing in the short term will only exacerbate this. The news in general is not going to be good the next 4-6 weeks, IMO. I would not at all be surprised to see 1800 SPX in the next month or 2. Hope I'm wrong....

onewhippedpuppy · 03-27-2020, 06:12 AM

I’m pretty rudimentary on this topic but I did yearly IRA contributions and started several new mutual funds on Wednesday. All long term outlook so I’m not bothered if we have some peaks and valleys over the coming weeks. I think our economy is going to catch fire once all the virus stuff passes, and I think you’ll see a huge (UGE!) government push to bring a number of manufacturing sectors back to the USA.