Sick of this shitty market

[stinkynuts]

Markets down again. I'm down $150,000 this year. Every time there's a rally, there's an even bigger drop. We can't get a proper rebound.

This week is supposed to be big: Earnings from top compapnies, Fed meeting, GDP report. Let's turn this thing around. Here's to a better second half.

 

[jalimon]

I would love to know if it's now time to buy in? Have we seen the worst of it?

I have traveled to 5 American cities since October 2021. Downtowns are dying. Many closed stores and restaurant, remaining one have a guards and not enough staff to run them... Everybody is racking their price for everything and all staff want's 100k a year because average rent cost 36k per year!

How do you guys (girls) feel?

 

[Pleasure Hound]

My hypothesis is that the Internet and Social Media have destroyed any chance of markets fully rebounding again. Today, any little event in the world can be instantly communicated and blown way out of proportion by armchair analysts. That will inevitably spread to the markets, pushing them down again. I hate to say this, but marlets are now directly tied to the media (which always reports mainly bad news).....

 

[stinkynuts]

I would love to know if it's now time to buy in? Have we seen the worst of it?

I have traveled to 5 American cities since October 2021. Downtowns are dying. Many closed stores and restaurant, remaining one have a guards and not enough staff to run them... Everybody is racking their price for everything and all staff want's 100k a year because average rent cost 36k per year!

How do you guys (girls) feel?

Inflation is the big anchor weighing down the markets. The market won't recover until inflation has been tamed.. I believe we are close to the bottom. Start buying companies that have drop 70-90% since their peak.

Some good stocks:
Carnival/Norwegian (down 80^ from peak). These companieses will rebound as they recover from pandemic.

Netflix (down 70%). Market overreacted to subsciber loss. Still a great company, with lots of potential to grow globally.

Shopify: down 70%, widely used in ecommerce by small businesses, Canadian compnay

Tesla: down almost 50%, my biggest investment. I see Tesla being huge in the next ten years, becoming the most valuable company in the world. Skyrocketing growth as EVs replace ICE (gas) cars. Self-driving cars will be in demand, and robo taxis will be everywhere. On top of that, there's the robotics play, which could be massive. In addtion, there's solar, insurance, etc. Elon may be a clown, but he's very capable and smart, and one only look at his insane achievements to know what the future of this company wil be like.

Matterport (down 70%): This is a great software compnay that creates 3D renderings of spaces. So, if you want to list your home for sale, they can create a 3D rendering of your house, and the user can tourn the house virtually in 3D. It's pretty cool. But there's millions of applications aside from that: museum tours, https://matterport.com/how-it-works

This company is gaining a lot of attention, because the next phase of the interent is the metaverse. Matterport could become a massive player in this field, sending the stock skyrocketing. I think eventually it will be acquired by Google, Meta, Microsoft, or Apple.

 

[Moneyclutch]

Inflation is the big anchor weighing down the markets. The market won't recover until inflation has been tamed.. I believe we are close to the bottom. Start buying companies that have drop 70-90% since their peak.

Some good stocks:
Carnival/Norwegian (down 80^ from peak). These companieses will rebound as they recover from pandemic.

Netflix (down 70%). Market overreacted to subsciber loss. Still a great company, with lots of potential to grow globally.

Shopify: down 70%, widely used in ecommerce by small businesses, Canadian compnay

Tesla: down almost 50%, my biggest investment. I see Tesla being huge in the next ten years, becoming the most valuable company in the world. Skyrocketing growth as EVs replace ICE (gas) cars. Self-driving cars will be in demand, and robo taxis will be everywhere. On top of that, there's the robotics play, which could be massive. In addtion, there's solar, insurance, etc. Elon may be a clown, but he's very capable and smart, and one only look at his insane achievements to know what the future of this company wil be like.

Matterport (down 70%): This is a great software compnay that creates 3D renderings of spaces. So, if you want to list your home for sale, they can create a 3D rendering of your house, and the user can tourn the house virtually in 3D. It's pretty cool. But there's millions of applications aside from that: museum tours, https://matterport.com/how-it-works

This company is gaining a lot of attention, because the next phase of the interent is the metaverse. Matterport could become a massive player in this field, sending the stock skyrocketing. I think eventually it will be acquired by Google, Meta, Microsoft, or Apple.

Hi stinkynuts. Thanks for the great TA. Can I get your thoughts on any worthwhile dividend plays and anything you got on the strategy in these times? Thanks brother

 

[stinkynuts]

My hypothesis is that the Internet and Social Media have destroyed any chance of markets fully rebounding again. Today, any little event in the world can be instantly communicated and blown way out of proportion by armchair analysts. That will inevitably spread to the markets, pushing them down again. I hate to say this, but marlets are now directly tied to the media (which always reports mainly bad news).....

You're welcome!

I personally don't invest for dividends, but I think it's a smart play in these times. Don't know how useful this info is, but you can check out this:

3 Canadian Dividend Stocks That Are Dirt Cheap Right Now

These dividend stocks not only offer high yields but superior growth in the past, a cheap share price, and more growth to come. The post 3 Canadian Dividend Stocks That Are Dirt Cheap Right Now appeared first on The Motley Fool Canada.

ca.finance.yahoo.com

 

[Moneyclutch]

You're welcome!

I personally don't invest for dividends, but I think it's a smart play in these times. Don't know how useful this info is, but you can check out this:

3 Canadian Dividend Stocks That Are Dirt Cheap Right Now

These dividend stocks not only offer high yields but superior growth in the past, a cheap share price, and more growth to come. The post 3 Canadian Dividend Stocks That Are Dirt Cheap Right Now appeared first on The Motley Fool Canada.

ca.finance.yahoo.com

Thanks,, I'll give it a look

 

[Moneyclutch]

You're welcome!

I personally don't invest for dividends, but I think it's a smart play in these times. Don't know how useful this info is, but you can check out this:

3 Canadian Dividend Stocks That Are Dirt Cheap Right Now

These dividend stocks not only offer high yields but superior growth in the past, a cheap share price, and more growth to come. The post 3 Canadian Dividend Stocks That Are Dirt Cheap Right Now appeared first on The Motley Fool Canada.

ca.finance.yahoo.com

Any line on any decent corporate bonds made available to general public?

 

[jeff2]

I believe this was in the Wall Street Journal a few days ago. Kind of thought provoking.
Found it free below:

A New Bull Market Can’t Start Until Investors Give Up – Finance Wisdom

finance-wisdom.com

 

[Mencken]

Any line on any decent corporate bonds made available to general public?

Interesting question, posed on a monger board. As if there might be some inside information on some great bond deal..

Corporate bonds that are publicly traded are rated, so I guess they are all decent. Depending on what rating you consider decent.

Go by rating, and of course you need to decide what you are looking for in terms of duration, etc. But generally as interest rates rise the value of bonds goes down and yields rise.

 

[Ceiling Cat]

Markets down again. I'm down $150,000 this year. Every time there's a rally, there's an even bigger drop. We can't get a proper rebound.

This week is supposed to be big: Earnings from top compapnies, Fed meeting, GDP report. Let's turn this thing around. Here's to a better second half.

Let us define the type of investor you are. Are you a sophisticated investor or not? That is to say are you speculating that a stock will go up or do you back your investment decisions on proven methods? If you have lost $150k in the last year, it is time for you to call in a professional or buy an ETF. Yes, there will be many companies reporting their earnings and projections in the next few days and weeks to come. That is not to say that they will all have good news. Walmart had a dim view of their profits for the rest of the year and depressed the markets today.

We all know what we have come through in the last 2 1/2 years, and a price must be paid. The governments of the world are all working hard not to fall into a depression. At best we will have many recessions for several years to come. These are the hardest economic times to invest in. Maybe it would be better if you preserve your wealth for better times.

 

[stinkynuts]

Let us define the type of investor you are. Are you a sophisticated investor or not? That is to say are you speculating that a stock will go up or do you back your investment decisions on proven methods? If you have lost $150k in the last year, it is time for you to call in a professional or buy an ETF. Yes, there will be many companies reporting their earnings and projections in the next few days and weeks to come. That is not to say that they will all have good news. Walmart had a dim view of their profits for the rest of the year and depressed the markets today.

We all know what we have come through in the last 2 1/2 years, and a price must be paid. The governments of the world are all working hard not to fall into a depression. At best we will have many recessions for several years to come. These are the hardest economic times to invest in. Maybe it would be better if you preserve your wealth for better times.

I generally am very conservative, and believe in only buying stocks of companies that I believe in. About half of my money is in index funds (VFV, VCN, etc.). The market has been brutual, and none of my stocks are up this year.

Worst investment was Carnival. It was $71 a couple years back. The pandemic hit, and it fell to about 10. Started to rise, and I bought at 27. Then Delta hit. Then Omricon. Then the war. Then inflation. Then gas prices. Then recession fears. One thing after another after another, that the cruise lines were especially vulnerable to. So now Carnival is trading at 9. I lost 67% on a $50,000 investment. Worse is that I also bought $40,000 Norwegian, and exact same thing. Other stocks I owned ARKG (down 70%), Netflix (down 75%), Tesla (down %50), etc. These are great companies, and they will rebound, but the market as a whole is going through so much pain.

Tomorrow, stocks will probably go up after the Fed meeting. But after hours, Meta reports its earnings. I think it will be a disaster, and could erase all gains. Honestly, I should stop looking at the markets right now, and wait until the end of the year to see how I did. Too much aggravation!

 

[Malibuk]

Markets down again. I'm down $150,000 this year. Every time there's a rally, there's an even bigger drop. We can't get a proper rebound.

This week is supposed to be big: Earnings from top compapnies, Fed meeting, GDP report. Let's turn this thing around. Here's to a better second half.

Gross amount is meaningless without context.
What is the percentage?

And what do you mean you are down 150k?
Were you up 300k and now only up 150k or are you down 150k from your starting point?

 

[glamphotographer]

Just stay the course, if you have time you will end up on top when you retire.

 

[stinkynuts]

Just stay the course, if you have time you will end up on top when you retire.

Yep, so true. In fact, if you look at the long term, this dip won't even be noticeable, it will be so insignificant. The thing is to have investments you are 100% confident in, and are comfortable leaving untouched until you retire. These would be index funds such as VFV and VCN. I am going to gradually put all my money into these two, and possibly QQQ and a couple more index funds. I will probably hold onto Matterport, Tesla, ARKG for a while. Once the cruise line stocks recover, I will sell them for index funds.

 

[Malibuk]

Exactly one year ago, I came into $670,000. I had $50,000 already, so $720,000 invested. I spent about $40,000 from that, to live on. So really $680,000. I'm now at about $530,000. So 530,000/680,000 is 0.78 or 78%. Meaning I'm down 22%. This is about how the market in general has gone down, so it's not too bad, but still it hurts.

Wow, that is extremely risky going all in at a time when markets are around all-time highs, especially in light of the bubbles that resulted from insane money printing and negative interest rates.
Good luck.

 

[stinkynuts]

Wow, that is extremely risky going all in at a time when markets are around all-time highs, especially in light of the bubbles that resulted from insane money printing and negative interest rates.
Good luck.

Yup, I knew it was wrong, but I also knew it was impossible to time the market, so I just went all in. I should have held onto some cash and DCA. But my past experience is that the market keeps going up, and I guess I was suffering from FOMO. And the saying time in the market beats timing the market made a lot of sense.

 

[Charlie_]

Use the rallies to sell, even at a loss, and get the fuck out of the market. You want to aim to be 100% cash asap.

 

[stinkynuts]

Use the rallies to sell, even at a loss, and get the fuck out of the market. You want to aim to be 100% cash asap.

That's insane, I've already lost 70% in some stocks, why sell? The recovery is just getting started.

 

[Charlie_]

That's insane, I've already lost 70% in some stocks, why sell? The recovery is just getting started.

I'm not the one complaining about losses. You are. So, who's the insane one?

What recovery? There's no recovery. You are hoping for one but you may lose even more before it happens.