Holding precious metals for this shit?

[loco]

Ni@@a puhlese...

http://www.getbig.com/boards/index.php?topic=658882.msg9311006#msg9311006

Thank you for proving my point!

You don't know "the right time", nobody does.  For someone timing the market and claiming to know when it's the right time to get out, you got out way too soon and missed out on significant gains.

You got out in December or even sooner, but looking back the market continued to climb significantly after that and peaked on February 19, 2020.  If you really knew the right time to get out, that's the day you would have gotten out.

Likely, you'll get back in at the wrong time too and miss out on buying stocks at bargain prices and therefore miss out on significant gains from the market recovery, unless out of luck you get back in at "the right time."

You messed up getting out.  I hope you get lucky when you get back in.

[SOMEPARTS]

Thank you for proving my point!

You don't know "the right time", nobody does.  For someone timing the market and claiming to know when it's the right time to get out, you got out way too soon and missed out on significant gains.

You got out in December, but looking back the market continued to climb significantly after that and peaked on February 19, 2020.  If you really knew the right time to get out, that's the day you would have gotten out.

Likely, you'll get back in at the wrong time too and miss out buying stocks at bargain prices, unless out of luck you get back in at "the right time."

You messed up by getting out.  I hope you get lucky when you get back in.

I believe this has all gone around before...the argument for/against being overweight in equities.

As I see it, the counterparty risk/threat of the game changing...AKA changes in tax law, age of retirement going up and possibility of 401k bail-ins has greatly increased with all the recent "stimulus".

[loco]

I believe this has all gone around before...the argument for/against being overweight in equities.

As I see it, the counterparty risk/threat of the game changing...AKA changes in tax law, age of retirement going up and possibility of 401k bail-ins has greatly increased with all the recent "stimulus".

As I keep saying, no investment strategy (stocks, gold, oil, crypto, business ownership, real estate, etc.) is perfect or without risks.  Not investing at all, hiding money in a mattress or keeping it all in a savings account, etc., is risky too.

There are just varying levels of risk.  High risk = high reward.  Low risk = low reward.  There are no guarantees, just potential.  People just need to educate themselves and go with an investment plan that has a level of risk they can tolerate, stick with it, and be content with the returns (exceptional or mediocre) their chosen plan generates for them.

[pellius]

On target, and exactly as expected.  This ain't my first rodeo.  Thank you for asking, and good luck to you!

If you are interested in learning about investing in the stock market, read this free book written by a knowledgeable wealthy investor who isn't interested in making money selling books.  Don't let the word "Millennials" in the title fool you or turn you off.  Any beginner at any age will learn a great deal from it.

http://tuttle.merc.iastate.edu/Bernstein_If_You_Can.pdf

I'm going to do that since I have time. Thanks for the suggestion. Just like I knew nothing about hardware and construction work and wanted to be more knowledgeable to do repairs and improvement around the house on my own I got a job at a hardware store and learned a ton and also met a bunch of very knowledgeable people that I can now go to for help. Now I want to learn more about finance and investment and got a job with TD Ameritrade hoping to learn a lot and meet knowledgeable people. I just had a 401K from when I worked at Raytheon and didn't pay any attention to it. After twenty years it made a big difference in my retirement but I know I could have done a lot better if I had the interest and put in the effort. Better late than never.

I'll tell you one thing, it's much more comfortable and enjoyable working in a nice air-conditioned office in front of a computer than sweating it out on a panel saw, moving lumber, cutting glass, driving a forklift (actually that was fun once I got the hang of it),
unloading pallets, cutting keys...

Also, it's so much easier on the body. I don't have as much pain in my back and knees that I use to have working in hardware. Just mostly at my desk drinking all the bottled water I can handle as they just have cases and case of those 20 oz bottles.

[FitnessFrenzy]

I believe this has all gone around before...the argument for/against being overweight in equities.

As I see it, the counterparty risk/threat of the game changing...AKA changes in tax law, age of retirement going up and possibility of 401k bail-ins has greatly increased with all the recent "stimulus".

[Flexacon]

Thank you for proving my point!

You don't know "the right time", nobody does.  For someone timing the market and claiming to know when it's the right time to get out, you got out way too soon and missed out on significant gains.

You got out in December or even sooner, but looking back the market continued to climb significantly after that and peaked on February 19, 2020.  If you really knew the right time to get out, that's the day you would have gotten out.

Likely, you'll get back in at the wrong time too and miss out on buying stocks at bargain prices and therefore miss out on significant gains from the market recovery, unless out of luck you get back in at "the right time."

You messed up getting out.  I hope you get lucky when you get back in.

[/quote]

[loco]

You did mess up, got out too soon and missed out on significant gains for two whole months.  You'll likely mess up getting back in too.  If you don't understand this, you have no business investing in the stock market.  A few people do win the lottery from time to time though.  Good luck to you!

[loco]

I'm going to do that since I have time. Thanks for the suggestion. Just like I knew nothing about hardware and construction work and wanted to be more knowledgeable to do repairs and improvement around the house on my own I got a job at a hardware store and learned a ton and also met a bunch of very knowledgeable people that I can now go to for help. Now I want to learn more about finance and investment and got a job with TD Ameritrade hoping to learn a lot and meet knowledgeable people. I just had a 401K from when I worked at Raytheon and didn't pay any attention to it. After twenty years it made a big difference in my retirement but I know I could have done a lot better if I had the interest and put in the effort. Better late than never.

I'll tell you one thing, it's much more comfortable and enjoyable working in a nice air-conditioned office in front of a computer than sweating it out on a panel saw, moving lumber, cutting glass, driving a forklift (actually that was fun once I got the hang of it),
unloading pallets, cutting keys...

Also, it's so much easier on the body. I don't have as much pain in my back and knees that I use to have working in hardware. Just mostly at my desk drinking all the bottled water I can handle as they just have cases and case of those 20 oz bottles.

You are welcome!  Nice office!  With your attitude toward learning, I have no doubt you will soon know more about investing than most "experts", fund managers, financial advisers, and stock brokers.  It's not as difficult as they want you to believe.

[Flexacon]

You did mess up, got out too soon and missed out on significant gains for two whole months.  You'll likely mess up getting back in too.  If you don't understand this, you have no business investing in the stock market.  A few people do win the lottery from time to time though.  Good luck to you!

I didn't miss out on anything. I'm not in the US. HTH

[loco]

I didn't miss out on anything. I'm not in the US. HTH

I'm simply going by your past posts which you directed me to in response to me saying that nobody knows the right time to get out of the stock market and the right time to get back in.  Based on that, you did miss out on significant gains for two whole months, even more if you got out before December 2019.

Had you really known the right time to get out, you would have gotten out around February 19, 2020.  At this time, anyone can go back and verify that.  It's the future of the stock market that nobody knows.

[FitnessFrenzy]

I agree with you here. I also sold everything quite early and I am more or less in zero for the year (down about 2 percent)

One significant thing to consider, with reference to the graph you posted, is that when the market is down 35 or 40 percent, you need a higher gain, percentage wise to be back to break even, and that will be challenging in these corona times, IMO:

[Flexacon]

I'm simply going by your past posts which you directed me to in response to me saying that nobody knows the right time to get out of the stock market and the right time to get back in.  Based on that, you did miss out on significant gains for two whole months, even more if you got out before December 2019.

Had you really known the right time to get out, you would have gotten out around February 19, 2020.  At this time, anyone can go back and verify that.  It's the future of the stock market that nobody knows.

I was just being facetious. I got out for very different reasons, but believe it or not a pandemic was maybe 5th on my list of reasons. Still I know I got "lucky".

Right now I'm sitting tight until I can get an antibody test as the priority for me is staying on top of this real life mess as I am in a virus hotspot. I have however placed a few small puts on some Pharmaceuticals and Diagnostics companies which are already doing pretty well. Let's see if I can get "lucky" again.

Best of luck in your endeavours.

[loco]

I was just being facetious. I got out for very different reasons, but believe it or not a pandemic was maybe 5th on my list of reasons. Still I know I got "lucky".

Right now I'm sitting tight until I can get an antibody test as the priority for me is staying on top of this real life mess as I am in a virus hotspot. I have however placed a few small puts on some Pharmaceuticals and Diagnostics companies which are already doing pretty well. Let's see if I can get "lucky" again.

Best of luck in your endeavours.

Got it.  If that's the case, then you did well in my opinion.  Good for you!

People do get out of the stock market and then get back in for personal reasons, and get lucky doing that sometimes.

Even Jack Bogle sold a lot of his stock funds and purchased bonds years ago because he thought he was about to die and he didn't want his family to lose their inheritance if the stock market crashed around the time of his death.  Not only did he end up not dying at that time, but bonds ended up performing better than stocks for a while after he did that.

He got lucky, and he admitted it, but many people thought he knew something they didn't know and that he timed the stock market and the bond market just right.

Good luck to you!