Well as of this morning I lost $50,000, that’s on paper. I’ve learned that’s only on paperwork it only counts when you withdraw your money. For now, I’m leaving my account alone give it a month, and see what happens. I have to fight the urge to close the account, but through my portfolio and time in the market it does bounce back and more. The question is how fast will I recoup my losses. Last year I withdrew $15,000 you might say for fun times, but within three weeks I’ve made that money back and then some. I think it was Patty Lovett that said “it’s not timing of the market but, it’s time in the market”
Do we still have strong investor clients who aren't affected by stock market performance?
- Thread starter Olivia-69
- Start date
I have lost 15% since Monday. I use margin acct. I have lots of ETF and blue chip Canadian stocks and US and CDN Reits. As i dont see the tariffs will be resolved in one week or a month. I will sell some stocks such as BEP.UN , BIP.UN as I am even on them. I want to have large margin avail to me to deploy when market turns or the baffon in WH changes direction. |t will reduce my monthly income but at times like these it is neccessary.
Wtf? Counting on the stock market to secure a companion?
Discipline, consistency, frugality, and other attributes instilled and shaped me into a person who built my empire. Investing is a long term process. Having a consistent investing strategy that burns slowly but snowballs over time tends to be boring but sees less dramatic swings in the portfolio.
I'm always buying through dollar cost averaging. Second I have a reserve fund of cash to take advantage of swings like so. Do I care if my stock drops 5 to 10%, not really as Im holding everything for at least another 15 years minimum. I will be picking up various tsx dividend stock. I am picking up XEGT in my tfsa since it's been dropping. I'll ride this out. Typically I never sell and when I do it's when I have a gain.
Most people when the shit hits the fan, fear takes over. They pull out at a loss. Where if they rode it out, continue contributing and didn't pull out they would come out so much more ahead.
The world cannot afford to not have trade. Hell where are people supposed to get cheap tvs and strawberries.
Thank god they do. It takes two sides to make a market. Patient frugalists like you and me can bargain hunt when the day traders and low information speculators rush the exits.
My point of view is to look back and say, "OK, so I am back to where I was last June".
Big deal.
Just don't get attached to your recent highs, and feel like you "own" them.
If you are up 20%, and you retreat so you are now up 10%, I regard that as being up less, NOT that I have "lost" money.
Big deal.
Just don't get attached to your recent highs, and feel like you "own" them.
If you are up 20%, and you retreat so you are now up 10%, I regard that as being up less, NOT that I have "lost" money.
My investment account wishes that guy had been a better shot last year (j/k
). I assume mitchell doesn't have anything in the market.I like the idea of a smaller Government and less waste but this yahoo is a train wreck.
It's typically people who party too often and buy a lot that feel the market crash. Showing off comes at a cost. I enjoy being frugal with my funds and don't care for many of lives desires as they really don't appeal to me. A lot of things people enjoy I find obnoxious and also felt the same as a teen growing up. Rich folks who use debt to buy yachts, supercars, etc. should be factoring in maintenance costs and such for their big toys and knowing most of those items have no resale value.
Dave Portnoy is down 7 mill
nypost.com
Dave Portnoy goes on rampage after Trump’s sweeping tariffs cost him $7M in stock losses: ‘Everything’s in the sh–ter’
The media mogul admitted he didn’t understand Trump’s reasoning for the sweeping tariff implementation.
nypost.com
One of my worries that Trump does not give shit. I know the market at one point will recover, I accumulated nice nest egg and also have terminal cancer that i get treatment and consultation in US. I will sell most of my stocks not any of them at loss .
They're saying on the news we could be headed for a massive, historic stock market crash tomorrow (similar to Black Monday in 1987)
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Futures not down as much at the moment.
Gold and bitcoin now up. WTI down by $ 1.43.
I will take a look again in the morning.
Gold and bitcoin now up. WTI down by $ 1.43.
I will take a look again in the morning.
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Which is coincidentally the exact time I got into the market for the first time.
The problem with all this is the more the markets collapse everyday, the less strong Trump's bargaining position becomes when it comes to negotiating the tariffs
Hong Kong stock market plunges most since ’97 crisis amid tariffs panic
Benchmark Hang Seng Index plummets as much as 13.74 percent in horror day for Asia’s markets.
