Couldn't find the old thread, looking to buy some cheap stuff and leave it alone, any suggestions? Thnx
Stocks
- Thread starter NittanyBuff
- Start date
Why would you? It isn't a 'buy and hold market'. Rather, it's a traders' market. That's not to say you should ignore an underlying company's fundamentals. Just don't 'invest' in a company for the long-term. The market is too speculative for that. My approach: I won't buy stock of a company I don't mind holding for a year or more should I get caught with my pants down. The strategy eliminates most companies from which to choose during a downturn. Secondly, I don't swing for the fence, nor do I buy all at once. I buy in tranches and lay down sacrifice bunts so as to advance the runner. Most people would laugh at my piddly gains but guess what. It beats what you'll make off a bank's CDs. And 'grinding it out' like I do keeps me on pace with inflation. But I'm retired so I've got time on my hands to dabble. I assume you still work. My recommendation. Buy low-fee index funds, each having diversified objectives. The percentage of portfolio you have in equities is age dependent. Rebalance periodically (how often is up to you). Otherwise, leave it alone. Good luck.
Back around 1979 or so, during a recession, my dad went to Paris on business. A cab driver there said to him, “What we need is a good war.”
I heard Pandemics work too for someBack around 1979 or so, during a recession, my dad went to Paris on business. A cab driver there said to him, “What we need is a good war.”
I'm very aggressive with a long time horizon. So I don't sell off when the market does. In fact, that's usually when I'm buying. The covid dip was especially good to me although right now it's hemorrhaging. Oh well, like I said, long time horizon.
Growth and some value is usually what I'm after. There may be some great value picks here soon and I'll just take my lumps on Growth that will remain in the portfolio for years.
Sadly, a year ago we had 6% GDP, 2% inflation, and easily over a dollar cheaper gas prices. Now we're looking at 7% inflation and they are projecting 2% GDP, real wage growth is very negative, unemployment claims have started increasing again, and everything is much more expensive now from gas to groceries to other necessities.
So yeah. The market may still correct another 20% or more.
Growth and some value is usually what I'm after. There may be some great value picks here soon and I'll just take my lumps on Growth that will remain in the portfolio for years.
Sadly, a year ago we had 6% GDP, 2% inflation, and easily over a dollar cheaper gas prices. Now we're looking at 7% inflation and they are projecting 2% GDP, real wage growth is very negative, unemployment claims have started increasing again, and everything is much more expensive now from gas to groceries to other necessities.
So yeah. The market may still correct another 20% or more.
Sir, the best source for stock tips, in this order, is to: be a US congressperson, marry one, be a family member of one.
Motley Fool Stock Advisor has lots of great advice and membership is pretty cheap if you hunt around for deals (although their constant up selling is obnoxious unless you turn off their notifications)
What happened to the WKHS guy? Told us all it was going up, up, up. Ignore the shorts.
Went from $12-$15 at the time to a shade under $3 now.
Yikes.
The whole market is due for some correction, but make no mistake that they will keep it artificially inflated and rising as long as they can. It's gotta go down eventually as real estate is supremely overpriced as well as the used car marker. Even new cars are high.
Went from $12-$15 at the time to a shade under $3 now.
Yikes.
The whole market is due for some correction, but make no mistake that they will keep it artificially inflated and rising as long as they can. It's gotta go down eventually as real estate is supremely overpriced as well as the used car marker. Even new cars are high.
If any of you guys gamble, then you'll like the 59% odds...
Here’s what history says about stock-market returns during Fed rate-hike periods (msn.com)
And what's the stock market anymore but legalized gambling. FWIW.
Here’s what history says about stock-market returns during Fed rate-hike periods (msn.com)
And what's the stock market anymore but legalized gambling. FWIW.
Dead Wrong.
Where did you get those numbers, out of your orifice?
In 2020 GDP growth was -2.3% (not 6%), in 2021 it was +5.8%.
Unemployment claims were 4 times lower in Dec 2021 than in Jan.
So real wage growth was less in 2020 than in 2021, especially for low wage earners.
The Conference Board projects GDP growth in 2022 at 3.5%.
And trying to predict the annual stock market return is for losers.
I hope your stock picking is better than your economic knowledge.
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Watched Cramer the other nite and he mentioned several companies that he thought were potentials good potentials now: Dole, Holley and Sun Country. These were the ones that at least I or other family members had heard of. Holley makes high-end carburetors according to my son. Sun Country uber cheap flights based out of Minneapolis.
Oh Hello or whatever his name was kept accusing me of having some vested interest in wanting Workhorse’s stock price to drop when I pointed out the risks associated with it when he was touting it as a short sale squeeze candidate due to increase because it got a raw deal after losing the post office truck contract. He was convinced their attorneys would win an appeal of the procurement. Funny how we never heard from him again.
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He is likely among us under a different username.
That is only true because most stocks so far go up over time. So owning the market, I.e., index funds, are the surest bet for most people without inside info. An additional benefit is low expenses rather than commissions on individual trades.
VTSAX and chill. I'll never understand why the average person thinks they can beat the large indexes when even the pros rarely do, and after you account for the fees on managed funds and long term horizons the upside to the higher risk funds is minimal.
If you know how to trade you can make money, if you don’t then Index funds are best for you. These are my competed buys and sells for last year.
If you look at WKHS stock over 5 years, it was around $3-$4 for years, then popped all the way to $40. That was likely pricing in rumors on the govt contract, which didn’t happen.
The price is exactly where it was historically. At 1/3 of what it was, may we there’s upside? LOL.
So what approximate percentage of your alleged estate do you plan on directing towards PSU upon your lurking passing?
I’m eagerly asking on behalf of the late Frank P. Smeal.
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Maybe? It might be a good buy at $3, but it’s still very risky. I believe they are facing some sort of government indictment. It’s not for the faint hearted.
FWIW (not much), I don’t invest in any individual stocks. I use a financial advisor and they invest in a conservative portfolio designed to preserve wealth and minimize taxes. At my age it doesn’t make sense to take on risk.
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I was a Motely Fool subscriber for a number of years. I lost money on my Motely Fool stock picks. The stocks always went up initially, but somehow I missed their sell guidance. I no longer am a subscriber.
Everyone made money last year, or at least I hope they did. I have my doubts that you can sustain it for decades, particularly through bull and bear markets, and still come out ahead of the indexes after subtracting fees.
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