"sell everything!!!"
- Thread starter Darts
- Start date
Just to torture myself. On my play portolio I bought 600 shares of mastercard yesterday at 273. the day low. it went up to 290 made $10,000. in one day/not.
Way too early to consider buying. The virus is still in its infancy of detection in the US. Washington state just reported the first US death and number of cases is rising fast. Had the markets been opened, that would have probably caused another 1000 point Dow drop
A couple of weeks ago on the first corono scare dip in the markets, some were advocating buying then. If they did, they would already have a 10+% loss already
Buckle up, much more bad news is coming for the market
A couple of weeks ago on the first corono scare dip in the markets, some were advocating buying then. If they did, they would already have a 10+% loss already
Buckle up, much more bad news is coming for the market
Yes, it's rigged by human beings that get far too emotional over things. They don't ask themselves fundamental questions about the business or industry. Is the business and industry profitable? If so, what is their track record during good and bad times? Do they have a competitive advantage or are they just the flavor of the month? Most importantly, does the company pay dividends and what is the track record for doing so in bad and good times?
If you invest in a quality business that pays a sustainable dividend you will always make money. The surest way to lose money is to panic sell at a loss.
Not much encouraging reading out there. Talk of 80% loss overall. Saying that this is the big one. If it is. I will be working for some time.
My strategy is to buy, at the right time.
I have everything in safe and sure stocks. In the long term it will do well, and may not even go down. I have $50- 75k to buy when panic sets in. I expect waves of panic selling then a temporary rise then two or three more cycles of panic. Culminating in a return to previous levels.
You can expect to get what the neighbor across the street from the guy that won $70 million got.
If you have made a statement like that, then you must believe that all stocks are a roll of the dice and rises and falls merely by chance. I am sure you have never bought any stocks. If you pick a stock with good history of sound management, demand for their product or service, and is well funded by sales in good times then this stock will be less of a risk than others. There is a 8-9 year cycle where the economy rises and falls. The world was expecting a drop in the economy last year or this. This expected drop, the Brexit situation and now the covit 19 situation may bring severe swings in the world economy. Portugal, Italy, Greece and Spain have already been in recession for
3 - 4 years. The North American economy have been supported by increased spending in Canada in the pre election year, and now there is increased spending in the pre - US election year. Economies are buoyed at this time but there may be less spending after the US elections. With all these situations at the same time, I expect we are in for a rough ride. With great turmoil in the world, stocks are sure to rise and fall. Buying a good stock when it goes lower is just common sense.
The market rises and falls seemingly by chance because people are involved. We are all irrational and can cause stocks to rise and fall even if the underlying business does not change. I'd say this behavior is even worse now because we have almost instant access to information and the ability to place trades from anywhere. So you can pull the trigger without any thought at all.
best strategy, consistent regular purchases and dollar cost averaging. I make purchases on a weekly basis(index funds). I will be doubling my weekly purchases starting next week to catch the drop at multiple times. this has been my plan for years.
I will be purchasing some extra dividend stock to get the dividends at a sale price during this drop. instead of a 4% dividend return I will pick it up at a lower price and net a possible 5,6,7% dividend dependent of what price point I can pick it up.
hold that shit forever and have tax free dividends as my passive income coming in till I die.
I will be purchasing some extra dividend stock to get the dividends at a sale price during this drop. instead of a 4% dividend return I will pick it up at a lower price and net a possible 5,6,7% dividend dependent of what price point I can pick it up.
hold that shit forever and have tax free dividends as my passive income coming in till I die.
U have the right idea angrymime666. Any one who's been paying attention should have a minimum of 15% cash put aside. And for God sakes don't sell your good quality equities now or ever for that matter.
When u start buying bus SLOWLY ! In case it keeps falling. I bought a bit last week. Some RY TD CNR BIP. But just a bit at a time. I'll buy more BIP AQN and in my us RRSP I'll buy more Microsoft and IPAY etf. Oh and vfv and HXQ. Just a nibble at a time unless it totally tanks. Then I'll buy larger quantities. At a correction of 30 percent or more off I'm all in.
When u start buying bus SLOWLY ! In case it keeps falling. I bought a bit last week. Some RY TD CNR BIP. But just a bit at a time. I'll buy more BIP AQN and in my us RRSP I'll buy more Microsoft and IPAY etf. Oh and vfv and HXQ. Just a nibble at a time unless it totally tanks. Then I'll buy larger quantities. At a correction of 30 percent or more off I'm all in.
If Covid keeps spreading it'll be a worldwide depression by the summer or early fall
I was hoping for another drop this week but stock seem to be on an up tick. I have some limit buys in place but prices havent hit the threshold. this month Im hoping to pick up some TD, ENB and BNS. everything else Im holding seems fairly stable and isnt dropping.
I was hoping for a more significant drop, but time will tell.
The BofC following the Federal Reserve lead has cut its rate by 50 b.p. Also, it looks like Biden will be the Dem's nominee and not the socialist.
I'm getting ready to ring the bell. The margin calls should have worked their way through the system in another few days.
I'm getting ready to ring the bell. The margin calls should have worked their way through the system in another few days.
