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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Feb 24, 2018 - 07:40pm PT
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Reilly! I also read that article on Buffet & his thoughts on bonds, with interest. It needed more details, but I appreciate we need to stay invested mostly in stocks, but, it is also usually good for Buffet's empire, if we buy stocks.
I do like the oft-repeated story about his winning the $1,000,000.00 bet with a hedge-fund manager, that a Vanguard mutual fund which tracks S & P 500 stocks, would out-perform a basket of actively-managed hedge funds, over a 10 year period. The outcome wasn't even close, Vanguard won.
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EdwardT
Trad climber
Retired
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Mar 23, 2018 - 01:20pm PT
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The Dow finished at 23,531.72 — down more than 1,400 points for the week. It was the lowest close since November 2017. Meanwhile, NASDAQ dropped below 7,000 points.
Where do we go from here?
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Reilly
Mountain climber
The Other Monrovia- CA
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Mar 23, 2018 - 03:00pm PT
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The economy is strong. Trump's trade war will be strongly influenced by
Wall Street. Even he will get the message and back off. We needed this
correction. Inflows to equity mutual funds were at their highest in a long
time last month so the FOMO's got hammered, as well they should. Europe is
in a much more vulnerable position. That's why I felt sorry for them and
sent a bundle to Gothenburg, Sweden today. The ECB is like the sheriff who
is afraid to use his gun: they'll respect you for a while but eventually yer
gonna have to draw down!
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labrat
Trad climber
Erik O. Auburn, CA
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Mar 23, 2018 - 03:08pm PT
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"Where do we go from here?"
Play the lotto?
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Reilly
Mountain climber
The Other Monrovia- CA
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Mar 23, 2018 - 03:13pm PT
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You'll meet some nice people in the soup kitchen lines, braj!
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john hansen
climber
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Mar 23, 2018 - 03:19pm PT
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Two years ago..
March 6th 2016
Dow was at 17007, Nasdaq was 4717, and S and P was at 2000.
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Reilly
Mountain climber
The Other Monrovia- CA
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Mar 23, 2018 - 04:48pm PT
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October? Everyone? BwaHaHa! Are you the Great Karnak?
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Norton
climber
The Wastelands
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Mar 23, 2018 - 05:40pm PT
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well, at today's closing the DOW 30 is only down some 3000 points from its high
the last time the Republicans had control of the Presidency and Congress
the Dow fell over 50% from over 14,000 to almost 7000
because, you know, when your party refuses to regulate both the mortgage market and also Collateralized Debt Obligations, well then all hell breaks loose
and so now again we have children in charge of the Presidency and Congress
and they have already weakened the Dodd-Frank Financial Regulations legislation
let's see, another 50% drop with them in charge would take the DOW down to 13,000
would that "skeer ya"? probably not, because you would just "ride it out"
meanwhile, billions are being made by being short the market, ever heard of that?
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Mar 23, 2018 - 05:52pm PT
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Norton? Re your post:
would that "skeer ya"? probably not, because you would just "ride it out"
meanwhile, billions are being made by being short the market, ever heard of that?
I would respect your opinion more, if you hadn't posted this bit of your history in the "Trump has entered the Querencia Phase of his presidency"
thread today.
You posted: AMNESIA - go back to election day of 2007, Obama V McCain
Sorry, but that was in 2008.
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Reilly
Mountain climber
The Other Monrovia- CA
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Mar 23, 2018 - 06:03pm PT
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youll see...
I have the research department of the world’s biggest mutual fund company at my fingertips.
I know, they’re part of the problem, right? Besides, what the hell do they know?
Come October, you show me yers and I’ll show you mine. Wait, that didn’t sound right!
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StahlBro
Trad climber
San Diego, CA
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Mar 23, 2018 - 06:35pm PT
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1. Stimulate the economy with false promises.
2. Cash out
3. Crater the economy
4. Lose the next election
5. Blame the Dem’s for not fixing it fast enough
6. Win the next election with a moron.
7. Repeat
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Norton
climber
The Wastelands
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Mar 23, 2018 - 06:45pm PT
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good catch, Fritz
I typed the election year wrongly, thanks for pointing that out
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Toker Villain
Big Wall climber
Toquerville, Utah
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Mar 28, 2018 - 01:54pm PT
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With the VIX as high as it has been, and with the lows repeatedly tested, I might have to modify from buy and hold to surfing the bounces.
At $16.25 Century Link is paying 13% dividend.
I'm a buyer,..
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Reilly
Mountain climber
The Other Monrovia- CA
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Mar 28, 2018 - 02:09pm PT
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Wow! Just did my taxes. I got dinged on dividends last year. I know, get yer violins out.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Mar 28, 2018 - 04:33pm PT
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Reilly! Per your post: Wow! Just did my taxes. I got dinged on dividends last year. I know, get yer violins out
I feel your pain!
In retirement, my Line 37 adjusted Gross Income is up 33.1% for 2017, due to dividends & distributions.
Fuking Trump!
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MikeL
Social climber
Southern Arizona
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Mar 28, 2018 - 08:56pm PT
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Try to relax, Fritz. Nobody can do anything about anything. That’s why you should buy the market.
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john hansen
climber
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Mar 28, 2018 - 09:15pm PT
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Just for fun in May of 2014 I bought 100 shares of Tesla at $196.
It went up to $381 at one point. A couple days ago I sold 50 shares at $287..
Next week could be real rough for Tesla if they don't come close to their production predictions.
Maybe at some point in time I would put that money back into Tesla, and I still have 50 shares , but I would sell the other 50 % if it gets down close to $196.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Mar 29, 2018 - 12:34pm PT
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As we all know "Figures never lie, but liers do a lot of figuring."
Bearing in mind, the current somewhat troubled state of the stock market, possibly due to the simple fact that a crazy man is now our President, it helps me to look back a ways at annual S & P 500 Index returns, with dividends added, per the following chart. https://ycharts.com/indicators/sandp_500_total_return_annual
The 2018 return shown was as of March 3 & can be ignored.
Some things I find of interest are, our much-hated ex-president Obama never suffered a negative year in the S & P 500 Index, if you include dividends. George Bush suffered 3 awful years, & Bill Clinton had one down year, his last in office.
I strongly suspect we won't be as lucky under our current president, but one ray of hope for those who stay invested is: After the S & P 500 tanked 37% in 2008, the first two years of Obama's presidentcy saw a combined gain of 41.52%. Those who stayed invested, made back their losses, if they were skilled & lucky enough to pick winning stocks, or smart enough to buy low-fee mutual funds that tracked the S & P 500 index.
I also have had mostly good luck with Vanguard Actively-traded funds with managers who were skilled & smart enough to pick winning stocks.
Good luck folks, it looks like an "interesting" year for investors.
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Reilly
Mountain climber
The Other Monrovia- CA
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Mar 29, 2018 - 03:44pm PT
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The POTUS’ effect on markets is pretty negligible usually.
The POTUS is Rod Carew to the Fed chair’s Micky Mantle.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Mar 29, 2018 - 04:21pm PT
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Reilly! Re your mention:
The POTUS’ effect on markets is pretty negligible usually.
The POTUS is Rod Carew to the Fed chair’s Micky Mantle.
I agree for our "usual" presidents, but Trump is a most "unusual" president. Also, if he is going to brag about how good he has been for stocks in the strong economy he inherited, I'm more than happy to blame him when markets are down;)
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