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Stock Market under Trump (2 Viewers)
- Thread starter Sinn Fein
- Start date
Gopher State
Footballguy
My broker advised me to sell my gold stocks, he stated overpriced and once c-virus scare is over they will drop like a rock.
I sold a third of mine. Agreed that some profit taking is in order but I want to hold a nice chunk. Helps me sleep at night.
Sheriff Bart
Footballguy
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GoBirds
Footballguy
beef
Footballguy
Shula-holic
Footballguy
Yeah, frequently this board reads like the old Yahoo Finance message boards for the individual stocks back in the late 1990's. I can remember those days of the anonymous posting bears just jamming the boards
Sand
Footballguy
NREC34
Footballguy
beef
Footballguy
Top Holdings
NameSymbol% Assets
S&P 500 Index Swap Societe GeneraleN/A40.43%
S&P 500 Index Swap Ubs AgN/A38.95%
S&P 500 Index Swap Credit Suisse InternationalN/A29.97%
S&P 500 Index Swap Bnp ParibasN/A29.16%
S&P 500 Index Swap Goldman Sachs InternationalN/A28.09%
S&P 500 Index Swap Bank Of America NaN/A23.51%
S&P 500 Index Swap Citibank NaN/A15.36%
E-mini S&P 500 Future Mar20ESH05.44%
Microsoft CorpMSFT4.12%
Apple IncAAPL4.10%
Had to look it up.
Sand
Footballguy
Sheriff Bart
Footballguy
Not to mention the pump and dumpers. There was one particular small cap, I honestly can't remember what company, that I kept seeing pumped. What really sucked is I already had a small position in it which made suspicious but it kept going up.
One night at the bar a friend of mine mentioned the stock and how another guy told him it was the next big thing. :redflag: I sold half my position the next Monday and got my money back. The remaining shares were worthless a year later.
Sand
Footballguy
Sheriff Bart
Footballguy
I've been defensive for about 8 months now yet have still done well. I moved quite a bit more out of the market S&P a couple of weeks ago though. I need to see how this election turns out before pushing more chips in the middle.I bought UPRO today.
Sand
Footballguy
If anyone here was pumping DE today I'm very grateful!
2019 was a year where just about everything did at least ok (except some commodities and other sundries). This isn't an unexpected outcome.
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Sand
Footballguy
This thread is definitely a statistically significant sample of market participants.
Carry on.
Sheriff Bart
Footballguy
Some people got slaughtered on that. Everyone was expecting a miss. I've been wanting to gamble on retailers the last 6-9 months and would have been A LOT more right than wrong but can't afford to be wrong right now.If anyone here was pumping DE today I'm very grateful!
Sand
Footballguy
Sheriff Bart
Footballguy
I have a GB, a really smart GB, that believes earnings are going to be whack because of the Coronavirus. FWIW
Sheriff Bart
Footballguy
Sand
Footballguy
He's probably right. What he needs to be right about is the market reaction. That's way harder.
Sheriff Bart
Footballguy
beef
Footballguy
I'm advertising for them today. Wearing my most comfy hoodie I've ever had.If anyone here was pumping DE today I'm very grateful!
GoBirds
Footballguy
This isn't a bad idea in an election year as long as you have been in the market and benefited from this great run. If I had been on the sidelines the last few years I don't know what I would do.
Shula-holic
Footballguy
Yeah it would be. I hate to say I've been in that boat before and it's a bad bad feeling. At some point I figured out I had to just get back in and admit I was wrong on a macro level at the time. The money lost will never come back. You have to make it in other ways but you never recover that mistake.
GoBirds
Footballguy
True, long term the trend is always up. For people that can’t handle the downturns I guess it may help them and maybe they get lucky timing the market.
With such a long time until retirement I try to look at pullbacks as stocks going on sale. I’ve been hedging a little putting more towards my mortgage and some tax free bonds instead of all stocks but still put a decent amount into equities.
Sand
Footballguy
My investments up 59% in the last 3 years (including deposits, which are maybe 10% of that). So yeah, being in gold the last 3 years would have sucked. BTW, this guy did a spectacular study of how sitting on the sidelines or buying on the dip would have done. It's an awful strategy. Short and easy read.
Election years tend to be pretty good. It's the first two years that tend to be mediocre. 3rd year tends to be the best one in the cycle, as it may well be this time around.
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Shula-holic
Footballguy
I've been building some cash in case of a pullback. That should give me some flexibility on stocks or the ability to acquire some properties in the event of an economic downturn.
Sand
Footballguy
This is why some in the investment threads accuse me of being too rosy. I purposely bias myself to a positive view of the markets. I have a 3 out of 4 chance of being right that way, no skill needed!
I'll have to see some horrible clouds on the horizon to start selling/hedging like I did summer of '08.
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GoBirds
Footballguy
I invest some in stocks every month but am also tempted to retire some real estate debt while at all time highs. I know with mortgages in the 3-4.25% range that’s not a great return but with the significant growth of my equity investments the last few years I can take a much bigger bite out of debt than I could years ago.
Sand
Footballguy
There's nothing wrong with retiring debt. I would have retired my 2.875% mortgage debt this year if I could have freed up the cash. I was a bit short, so hopefully the market does better than 3% or so in that account to beat down the risk averse spokesman inside my head.
Sand
Footballguy
BladeRunner
Footballguy
It's like they're hoping that the stock market - and America - crash and burn under Trump. Almost sickening to see such glee when the stock market goes down, hoping for a crash like in the 1920's.
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Henry Ford
Footballguy
Seems like a strange interpretation. Have you considered looking at things from other people’s perspectives and assuming they’re good people?
BladeRunner
Footballguy
What do you think one can assume from posters reacting with glee whenever the stock market dips? You think that's conducive to being a good person?
Alex P Keaton
Footballguy
I hope the market keeps going up and the economy keeps doing well. I also hope that Trump doesn’t turn America into a dictatorship. Those two thoughts are completely unrelated.
NREC34
Footballguy
Anyone who doesn’t worship your con man messiah and is preparing for the inevitable that will happen to this market is a bad person.
Got it
Henry Ford
Footballguy
Perhaps what you’re interpreting as glee could also have another interpretation as well.
Sheriff Bart
Footballguy
Yes, but:
&
link
So 55% isn't exactly representative of the US as a whole. Kind of like, oh I don't know, the tax cuts. 84% of it went the the wealthiest Americans but that doesn't keep some from claiming that "everyone is benefiting". Technically it's correct just like technically if I give you a pepperoni off a pizza and I eat the rest we "shared" the pizza.
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The Commish
Footballguy
NREC34
Footballguy
Yeah I don’t think it’ll go to zero and that shows it’ll be tough to figure out when to start getting back in.
If you were 65 in 1929 that was the top for you.
Henry Ford
Footballguy
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