Of course there are more losses ahead, but no one can time the market. the recovery could start the moment you sell
Anyone think it's time to cut their losses?
- Thread starter Robert Mugabe
- Start date
If you are wrong, you buy back in, gradually. You have as much chance of being wrong as you have of being right. You can't time the market, but you can protect your money. Good luck, everyone! But don't say I didn't tell you so!
This.
Yes if you time it right and sell before a crash and buy in after the drop you stand to make huge profits. But the chances of that is like 25% First you have to time the top right and then you have to time the bottom right. It's safer just to stay in and ride it out dispite how bad things might look at some points.
so far I really havent lost anything. some up, some down but they seems to even each other out. I think its because I have oil and utilities as a larger portion of my portfolio. I have since last month discontinued investing in my cash account but continue to dollar cost average my rrsp that contain index funds. Im down about 5-10% in the bond fund and international.
Im waiting for the banks to drop. as the rates creep up they will be lending less which of course will affect the profitability and not hitting quarterly projections.
Im waiting for the banks to drop. as the rates creep up they will be lending less which of course will affect the profitability and not hitting quarterly projections.
Well duh, until escorts start taking stocks instead of cash yeah I will eventually sell. You see when you sell shares you get money, which can be exchanged for goods and services like peanuts.
However I won't be selling anytime soon unless it's to replace one stock with another.
You can't predict the market, but you won't get your face on TV or sell newsletters or whatever they do by saying just buy the index and hold brah. It's like those people in the fitness world always trying to find new and weird things to push because the basics have already been done and it's boring.The advice from a random guy on the internet is no worse than that from the dozens of financial analysts who all disagree with each other
Also if you don't know the difference between considering a range of advice from professionals who actually explain in detail their reasoning vs taking some advice from some rando on the internet.... sell brah. You are a very silly individual and not worth engaging in.
Very silly indeed. Time for something decent and military.
You want more stocks on the way up than you had on the way down. Timing bottom is difficult. Last move down is factoring likely hood of 3\4 rate hike.
Gotta figure getting close to bottom tho.
I sold some tech long ago and bought oil stocks but have still lost alot on remaining teck I held, seems stupid to sell now, might as well rude it out. Oil has been a good place to hide.
Gotta figure getting close to bottom tho.
I sold some tech long ago and bought oil stocks but have still lost alot on remaining teck I held, seems stupid to sell now, might as well rude it out. Oil has been a good place to hide.
Why do you figure that?
A 20% deflation of the pumped up on a decade and a half of the "FED's free, easy and loose monetary policy and QE" asset bubble in this inflationary/still low interest rate environment and super tight labor market does not equal "getting close to the bottom.
My guy, who has never let me down, says this will continue thru the summer and as always has done in the past, regain all the loses back.
I am shorting NVDA in a timid way. As somebody said "how can you short the market when it's already down?"
