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01-13-2018, 01:51 PM
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Senior Member
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Join Date: Dec 2011
Posts: 1,899
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Quote:
Originally Posted by nailer
Markets' are merely awaiting another trigger to deflate their bubbles.
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Forever. But, when I started investing in stocks the DOW was under 2000 .
I have been through three crashes. Didn't do anything but ride it out.
Absolutely no doubt that it will crash again. And, I will ride it out again.
And, all the morons will be saying it's not coming back this time. Just like they always do.
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01-13-2018, 02:02 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Quote:
Originally Posted by ZeroJunk
Forever. But, when I started investing in stocks the DOW was under 2000 .
I have been through three crashes. Didn't do anything but ride it out.
Absolutely no doubt that it will crash again. And, I will ride it out again.
And, all the morons will be saying it's not coming back this time. Just like they always do.
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Then, like me, you’ve done very well, especially through the Obama years. Index funds. Retirement coming soon, will have way more income than I spend now. Lots more travel to Europe and South America ahead, while I’m still able. It’s a big world, plenty more cultures to experience, enjoy and learn from, for those capable of learning.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-13-2018, 06:59 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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You two need to get and room and hope the next real crash doesn't take as long to recover from as the great one.
__________________
"We have met the enemy and he is us."
Last edited by nailer; 01-13-2018 at 07:03 PM.
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01-13-2018, 07:42 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by ZeroJunk
Forever. But, when I started investing in stocks the DOW was under 2000 .
I have been through three crashes. Didn't do anything but ride it out.
Absolutely no doubt that it will crash again. And, I will ride it out again.
And, all the morons will be saying it's not coming back this time. Just like they always do.
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Like I did in 2009 when nearly every dumbass Republican in my life was jerking their money out because the "Kenyan Soshialist" was going to "utterly destroy America". As usual, they were panicked, irrational and wrong.
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"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 01-13-2018 at 07:44 PM.
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01-14-2018, 11:57 AM
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Senior Member
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Join Date: Dec 2011
Posts: 1,899
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Quote:
Originally Posted by BlueStreak
Like I did in 2009 when nearly every dumbass Republican in my life was jerking their money out because the "Kenyan Soshialist" was going to "utterly destroy America". As usual, they were panicked, irrational and wrong.
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I actually bought $30,000 more stock in 2009.
Should have kept it. But, that was when I decided I was going to be a trader. So, when I made 5% I would take it.
If I had just bought most anything and sat on it I would have been better off.
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01-14-2018, 12:15 PM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Quote:
Originally Posted by ZeroJunk
I actually bought $30,000 more stock in 2009.
Should have kept it. But, that was when I decided I was going to be a trader. So, when I made 5% I would take it.
If I had just bought most anything and sat on it I would have been better off.
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So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-14-2018, 03:38 PM
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Senior Member
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Join Date: Dec 2011
Posts: 1,899
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Quote:
Originally Posted by Chicks
So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.
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That's bullshit. There are traders that make good money at it and all they rely on are the charts, candlestick patterns, or whatever works for them.
And, shorting is a necessary aspect of the market. Otherwise how would you ever establish the value of a stock if somebody didn't say no, I think it is overvalued.
Subscribing to a real time charting service is expensive and what is really somewhat entertaining in the beginning becomes a job very quickly.
From your post in your case it would be betting and no doubt something you should avoid.
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01-15-2018, 08:22 AM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,913
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Quote:
Originally Posted by whell
No, that's not what I'm saying. Of course you would know that if you looked at what I linked to. One does not have to mess with entitlements to reduce federal spending. Addressing the growth of entitlement spending should be looked at as well.
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Ryan has long wanted to enact reforms to entitlement programs — which usually takes the form of cuts to Medicaid, Medicare, and Social Security. But at an event in Wisconsin on Friday, he said entitlements wouldn't be addressed by Congress this year.
"I don’t see us tackling it this year," Ryan said.
https://www.aol.com/article/news/201...2018/23332196/
__________________
As long as the roots are not severed, all will be well in the garden.
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01-15-2018, 08:48 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,360
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Quote:
Originally Posted by ZeroJunk
That's bullshit. There are traders that make good money at it and all they rely on are the charts, candlestick patterns, or whatever works for them.
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And over time, they will all lose compared to simple index funds. Warren Buffett just won a $1M bet against a pricey hedge fund over this very issue. But, guys who vote for con artists like Trump clearly aren’t very bright.
__________________
"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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01-15-2018, 11:18 AM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by Chicks
So you’re not really an investor at all, you’re a speculator. Sigh. Speculators rarely win, it’s basically betting, not investing. Unless, of course, they have insider help.
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Even with an indexed S&P 500 fund you're speculating too.
__________________
"We have met the enemy and he is us."
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