Awwww Hell...Cat!!! Goodbye Redeye PT II

[ck80]

I have a question about how high the market can go. Say the wuhan virus never happened would the market have kept goin up or atleast stay the same? I ask because I always thought its gotta stop eventually? Im just starting my 401k 4 yrs ago so im lost when it comes what to do. I just took the guys advice when I signed up through work.

The most basic of rules I've put together:

Diversify. Diversify. Diversify.

Highest risk usually equals highest rewards.

Youth allows some riskier moves, things that don't pan out can be made up for easier the further away from retirement you are. If you have excess assets you can afford to lose that substitutes for youth.

Buy tiny amounts into as many "new" funds as you can afford and afford to risk. When a fund really takes off they close to new subscribers, BUT, allow existing subscribers to increase their investment no problem. Let's you guarantee a seat at the table for minimal risk, then push your chips in once they prove themselves.

Funds aren't always a bad thing. Yes, you lose some decisionmakimg control over buy/sell orders of individual stocks. BUT, think how much one share of 40 stocks each costs. You might only have the cash to buy 5 of them. For a lot less money you can invest in a fund that pools money to buy those shares, giving you the diversity and protection as if you owned all 40, but at the investment you'd have spent on the 5.

Patience is key. So is eliminating emotion. Many guys kept buying more and more gm shares as the company cratered with the idea the eventual turnaround (that never came) would make up for prior losses if they owned more, and, hey, it kept getting cheaper right? Emotion = bad.

Hindsight is 20/20, learn from mistakes but don't let them paralyze you either.

Your advisor works for you. Don't be afraid to use them.

 

[motorheadmike]

Canada rules, Merica drools.

Also, is Bitcoin still a thing?

 

[joesregalproject]

Canada rules, Merica drools.

Hmm... flip that around. Fun to think though! 🙂

 

[ck80]

Canada rules, Merica drools.

Also, is Bitcoin still a thing?

I will say this, it can be cheaper to give American kids Canadian money to play with than purchase toy manufacturers fake money from the store. Plus the kids like the beavers, elks, loons etc that are on it too.

I wanted some of those glow in the dark coins myself.

You've got cool looking money, ill give you that. I can understand why your government likes to keep so much more of it away from you, kinda makes sense.

 

[64nailhead]

Welp, someone must've fugged up my stock market lamenting thread and something led to someone deleting it (not me), so I'm going with Part II. Please DON'T fugg this one up, too. I suspect some idiot must've made a political reference which is a no-no.

Continued from last time....

I lost a fat chunk in the 2008 meltdown- on paper. I stayed the course and never sold anything and I'm much better off by not selling. It sucked then, and it sucks now. Even if it's on paper.

Ah, I'm still in the green overall and I have already had stop loss orders in even before December 2018, so I won't get flushed down the toilet. It's just a bit disheartening to see it fall so far this fast. I guess it's good to lose a shiit ton of money on paper and still having made a substantial profit. I'm not terribly worried about it, as it will come back. I'm in it for the long haul.

It's kind of like having 100 bucks in your wallet, you find another 100 bucks one dollar at a time on the street for a few weeks, then losing some of that 100 bucks you found in a few days. You still got what you invested and then some, it's just not as much as you had before you lost it.

All my shiit's paid off and I owe nothing but utilities except the wife's car and I could pay that off today if I wanted to, so I'm not worried about that. Still getting our pensions and dividends so nothing has changed with the "paychecks" as it were.

But, all you have to do is look at the historical stock charts, and although you get these periodic blips due to big, uncool events, the general trend is up in the long term. I think Mr. Spock said it best- Go long and prosper. Oh, wait...that may be a misquote... 🙂

I am within 3% of where I was in 2008. Just in time to donate it to the criminally 'legal' investment firms/bankers again.

I would have more retirement savings if I would've put it under a rock in an ammo can starting the mid '90's..

 

[fleming442]

I am within 3% of where I was in 2008. Just in time to donate it to the criminally 'legal' investment firms/bankers again.

I would have more retirement savings if I would've put it under a rock in an ammo can starting the mid '90's..

Like Ol' Lucius Clay?

 

[motorheadmike]

I will say this, it can be cheaper to give American kids Canadian money to play with than purchase toy manufacturers fake money from the store. Plus the kids like the beavers, elks, loons etc that are on it too.

I wanted some of those glow in the dark coins myself.

You've got cool looking money, ill give you that. I can understand why your government likes to keep so much more of it away from you, kinda makes sense.

Nothing will unite more Americans than having a foreigner giving them sh*t. You are welcome, ya hosers. 😉

 

[ck80]

Nothing will unite more Americans than having a foreigner giving them sh*t. You are welcome, ya hosers. 😉

You're not a foreigner, you're canadian. It's kinda having a younger step-brother with a speech impediment. We look out for ya, like when the bullies make fun of how you talk we give em a black eye.

We're good.

 

[pagrunt]

You're not a foreigner, you're canadian. It's kinda having a younger step-brother with a speech impediment. We look out for ya, like when the bullies make fun of how you talk we give em a black eye.

We're good.

You forgot we also give them random wet Willies & wedgies to show we care too cause thats how older brothers are.

 

[L92 OLDS]

I can understand why your government likes to keep so much more of it away from you, kinda makes sense.

Very true. Some friends of mine from Windsor complain about the fact that they’re effective income tax rate is 50%. I couldn’t imagine Paying that much tax