Think the powers to be realized there’s no hope. So real numbers are going to rock the financial world. Take the money and run.

Sell low, buy high!

Buy consistently. Retire a millionaire. One of my accounts was only 35k start of the year now it's over 57k. That's in 5 months. I can handle the dips.

Providence good luck with that holding! Here is something happening as I type. Notice the year mentioned the last time this happened. Hmmmm yep history coming back around.

Costco earnings tomorrow will be important

Yes if you continue to pour your money into accounts they should continue to grow. No way the market made you $22k off of $35k in 5 months

Sell in May and go away...

Probably beat(or be very close) that in a couple weeks with CONY. without adding to the original position

Its very possible

Is it sustainable???likely not

Move onto something else,,,but in meantime

Was not long ago there was dancing in the streets when the Dow Jones broke 10,000. What was that 25 years ago. Even the great depression is just a small blip. You always think the sky is falling. Markets go up and down, yes a big drop is coming to a lot of sectors. Way to much government and personal debt I have no idea what has keep thing going this long or how long the dip will last.

What I do know is it's not a loss if you don't sale it's only a loss if you get scared and sell. I also know you can make a ton of money if you have money when a down turn hits. Rich get richer when things go in the toilet. Remember the housing bubble pop I had the opportunity to buy some very nice homes at Amazing discount prices that I would have been able to make huge returns on in a few years or even larger return if I had held them.

Money I have in the market I look at as if I went out to eat with it and it's gone. I don't lose sleep when the markets drop and know I'm always ahead at about 10% over time. Some people can't handle watching the drops and their pretend wealth reduce 40-50% personally I love it and buy more as much as I can when the markets are down. I buy every month regardless of when the markets are up or down, I save more money for investing in cash and dump that in when I see what I think is a good opportunity. That may be stocks, land, a house.

It may sound bad but that doesn't mean it's not true. When someone loses their house that house can and will be bought at a huge discount making that invester a huge profit. What's bad for some will also be good for others. And that's why I don't like debt. If you don't have debt= few bills= low risk and have money to invest.

Most people think like I can work and get money to buy this car, take this vacation, the new I phone ECT.

That car looses value then they pay interest on that depreciating asset compounding the wast of income, the trip will come and go and that money is gone, and I phones and other things you don't need don't build wealth.

You can only work so many hours so your income earning has it's limit. But there is no limit on assets you can buy. And those assets can make you passive income and there is no limit to that. So instead of the new car with 500$ a month payment I drive an old truck I paid $3200 for 4 years ago. Now I can pay off my rent house early saving me 7.1% interest and that house has gone up in value over 200% in addition to bringing in steady income. Doing this enough and before long my assets will bring in enough money to pay for that new car without tapping into my income if that's what I want. Poor people think about what they can buy with their money ie things people that become rich think about buying assets. For some with low risk tolerance. That will be cds, t bills, bonds. Low risk low rewards for others it may be stocks, real estate, and starting a business. Most likely a combination of all of those.
The main thing is to have money to do so. Most people are spending what they make or more than they make and don't even have 2k in savings. Those people will always be poor. Myself I like index funds, laddered cds, and property. Also spend on the farm business. Can't over look the tax savings benefits of appreciation on real estate and write offs for businesses. When I build a new barn on the farm I will right it off for 25 years, and at the same time that is another asset increasing not only my property value, but also allowing my farm to make more money from using that building.

Yes the market is going to take a big hit soon, it also it not the sky is falling event at least not for me . If I lose half of my value I'm not worried it will be back up and I will have bought more at the lower price and will be worth much more when it rebounds. It's easier when you don't need the money you invest . Still stinks to watch at the time but looking down the road make it easier.

I'm also over a decade from retirement so have time to wait for the recovery.

I like everything you say providence. But please torture me no longer with the misuse of "loose" vs lose! You may have a loose goose... but you lose me as your audience when you interchange them. OK, rant over.

Great point, I often have poor spelling and grammar. Yet also get turned off when I see the same in a post. I'm Quite the hypocrite for sure. Often I'm in a hurry and all my posts are from a phone and I'm lazy and don't proof read.

Bass 10 you're correct that account didn't make 22k. I added to it as well it's honestly only at 16.8% for the year. The point of the post was keep investing and using money wisely. Ie my moto. If it does not save me or make me money I don't need it.

Jbyrd is not working in the job market and likes less risk in his investments. I will move that direction as I get closer to retirement. But he also invest in other things like his granddaughters ice cream truck business. And things like that have a return that is so much more than only show up on a balance sheet.

Your fellow hypocrite approves of this post.

Providence you are correct about losing if you sell IF you sell it at a loss at time of purchase. BUT that also goes for your profit. NON shown unless sold. It'sonly numbers on a screen until it's sold and profit is used somewhere else... People glow and smile when a stock increases and the "paper bottom line advances" but in reality the BIG money is made if you sell or trade a stock. Unless you own thousands and it pays a big dividend. But you guys know that.

Why I scratch my head that some don't sell when stocks hit a RECORD HIGH !!!!!


Oh yes the icecream business has taken off like a NASA rocket. Looking for a second truck......

Buy and sell at highs are a good way to go. I'm more of a buy and hold and buy more guy. My great uncle came over from Switzerland to be an apprentice in a dental lab in 1952. He had nothing not even a car. He meet my great aunt when he walked past her house to go to the tennis courts. Eventually he finished his apprenticeship and moved to Jeffersonville IN and opened his own lab living in the back. My aunt followed and they married. They had one kid either still born or died just after birth.
The lab grew and they were tight and invested with buy and hold. Besides the 241 acre farm with 3 House House in Switzerland, his portfolio exceeded 10mill.

It worked well for him, I hope it works as well for me.

I hate when I look back at one of my posts and see all the typos I make. I frequently hit the period key. My tablet's auto correct has a very limited vocabulary and changes valid words, it does not know, to words that it knows, that don't belong.

Keith

My 401 k road for 34 years had a tad short of 2 million when I rolled it after retirement, if you’re young stay the course

Yeah me too keith!! If I edit and correct the edit police from the pumpkin patch shows up

My wife that is teaching college algebra is fortunate that the university doubles her contribution in her 403b. Up to 1,000 dollars. Her money is in low risk. Their money is in the make believe realm.

Age is a key factor, I always told people you’re looking at 20 years etc not tomorrow