Is the stock market going to tank?
High by most most measures
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Is the stock market going to tank?
Quote:
Originally Posted by
liv2ski
Huh, and here I thought it was just me. Talking to the yougins, I suggest the most important career goal is to be set up so once you hit your 50's you're in a solid career and position to last out into retirement (think partner in a large law firm, dentist, owner of a successful business, whatever) as I know so many people and myself that got crushed in their 50's.
You have to be realistic. If you did not have someone holding your dick through life you’re going to make mistakes. I wish I had stuck with the SD lifeguards or became a fireman, but I was fascinated by the markets and absolutely killed it in my 20’s. No regrets. But like a lot of other careers, technology replaced 90% of us. I was also ill prepared for the thieves that come out when you make it. Things they don’t teach in business school and what you might learn at the dinner table growing up if your parents owned their business or were lawyers. Otherwise, your never going to bat 1000 on your own. Most people got where they are by hard work, but most have what they have by dumb luck. They just don’t know it.
My advice to the youth is to always have a plan, and come up with a new one fast if someone rips up your old one.
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Is the stock market going to tank?
Quote:
Originally Posted by
Cono Este
Trump gap closing
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What price you got for that? Top of monthly support is 2200+-. Previous monthly low should offer some support.
Quarterly expiration this Friday
Is the stock market going to tank?
Quote:
Originally Posted by
Not bunion
It is what it is. I was pretty much cash for the last one and made out pretty well in the long run. Currently I am off about 9% for the high water mark and 6% from when I turned it over to the Pros.
I am starting a 401K for my business and will stick the max contributions into it. I see that as a buying opportunity.
Sucks. CFA’s and the like can’t really afford to have opinions anymore. It’s all allocation formula using backward looking metrics. I’m stubborn enough to have opinions. I went mostly flat equity in April 2017 so I’m about even from there. Up maybe 2-3% If you look at it in that respect 9% drawdown is no big deal. I just can’t stomach that much risk anymore and grateful I locked in a 3.5% yield in October.
A stock like ATT is getting interesting for me. 7% yield with a 6 PE?
Is the stock market going to tank?
You can’t trust any advisor to look out for you. They are not paid on cash holdings. They invest you and take a %. But in all fairness, what do you expect?
I think 2000-2250 is reasonable just from selling. 30-40% off high. I might buy a share or two. Unless of course there is some kind of world wide disaster no one has told us about. Mueller report? 4 yrs of impeachment and gridlock? Chinese trade disruption ripples through economy?
Basically what Polyass has been praying for. Hope they’re all short.
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