jsasker007
5 year old buck +
Jumped in on Netflix. See what happens there.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
BuckSutherland
5 year old buck +
Good luck. I bought a couple more shares of TSLA today, and finally unloaded a couple of bags for a loss. I will buy a few more TSLA at $900. If earnings and the broader market send it lower then that I will buy a bunch more. I only have about 20% of my available funds into the market, but cash is nearly worthless.
jsasker007
5 year old buck +
Here we are back to the "has the market reached the bottom yet?". God I hope so, but I highly doubt it.
BuckSutherland
5 year old buck +
^^^^Let's go Brandon. F******g idiot cant even wake up after milk and cookies to do something about the supply chain. He keeps it up and we might consider a day like today a success.
jsasker007
5 year old buck +
He is kept in the dark by his own people and actually thinks he's doing great. AMAZING! All he had to do when he took over was just leave everything on cruise control and take credit for the great things Trump had in place.
b116757
5 year old buck +
Oh the Dems always know better they got to implement their BS and the economy takes a dive. They miscalculated grossly with the Covid effects on the economy and have screwed Americans hard which in turn has probably completely sunk any chance they had of holding a majority during midterms. Fair play should be pretty interesting should the Republicans win the majority as I suspect they will. Wonder how many investigations into Brandon’s boy Hunter will kick off, it will be wall to wall investigation’s another reason I think the Dems will torpedo Brandon themselves.
yoderjac
5 year old buck +
Hummm.... I don't see that in the data. The economy growth vs the political party in the executive branch is not what many think. Personally, I prefer divided government. Businesses do best when things are predictable. With divided government, the only things that pass are those with very broad agreement. When we have sharp pendulum swings between Dems having string majorities to Republicans having strong majorities. polices whipsaw which is never good for the economy. Slow and steady seems best to me from an economic perspective.
yoderjac
5 year old buck +
That is how it has always been. Greed vs fear. Even in the face of bad news, some folks think it is a blip. The market keeps going up and folks don't want to miss out. Eventually, some relatively small event is the straw that breaks the camel's back and the market takes a down turn. Fear strikes the hearts of the sheep and folks panic and run away. The market corrects and heads back up. This is no problem for folks with a long time horizon. Just buy the broad market, avoid the company related risk of individual stocks, and dollar cost average in.
When you have a short time horizon for needing the money, things become much more difficult.
Triple C
5 year old buck +
That is how it has always been. Greed vs fear. Even in the face of bad news, some folks think it is a blip. The market keeps going up and folks don't want to miss out. Eventually, some relatively small event is the straw that breaks the camel's back and the market takes a down turn. Fear strikes the hearts of the sheep and folks panic and run away. The market corrects and heads back up. This is no problem for folks with a long time horizon. Just buy the broad market, avoid the company related risk of individual stocks, and dollar cost average in.
When you have a short time horizon for needing the money, things become much more difficult.
Recipe for building generational wealth over the long-term.
Angus 1895
5 year old buck +
The stocks I am really excited about are as follows
Zim
Rgr
Thor
Vista outdoors
Zim
Rgr
Thor
Vista outdoors
b116757
5 year old buck +
They claim most families loss any wealth by the third generation removed from the entrepreneur that created it. I do personally feel this may not be completely unavoidable do to things completely out of our control but if you start teaching your children early and often the families monetary values and long term goals to include their responsibility to pass it on to their children generational wealth could be sustained beyond three generations. There are families that are very good at this.
Triple C
5 year old buck +
Excellent point and spot on in many cases.
Telemark
5 year old buck +
Part of the problem is how Americans view family and wealth.
There is too much emphasis on leaving everything to your own kids, even if they are spoiled brats and/or bad with money. If I don't end up with kids of my own, or if my kids end up being bad with money, bad at business, or otherwise undeserving, they're not getting anything from me. I'll do my best to groom them for the responsibility, but they have to earn it just like they have to earn everything else. I'd rather give everything to a niece/nephew/cousin/etc. who is less likely to squander it.
Putting it all in a trust fund for them to live off in perpetuity is also not something I'm interested in. Sure, everything will be in a trust, but no one will get any money until they are at least 30 years old. I might even just have the trust pay taxes and insurance on a piece of land that they can all use for hunting and fishing, and not leave any cash to anyone.
My great grandfather squandered a massive fortune, and it still bothers me every time I think about it. But back then, sons inherited the estate, and that's just how it was.
BuckSutherland
5 year old buck +
^^^
I'm building a heavy bag compared to most people I know. Didn't have much growing up and was never given much. Became very easy to be a saver. Some of us just aren't good at spending it no matter what we do (unless its buying and planting tree seedlings). Its simple to live a frugal life when you are used to it. I would guess its hard to stop spending when that's all you've ever known or been around. I sleep much better at night knowing that if something happened to me that my wife and kids would be left with enough to go and make a bunch of special memories. If they blow it, so be it. I wont be able to control much from the grave. All I can do is pass on my knowledge and how to smartly handle money while I am here. To me money is so simple to manage, yet I see people getting killed every single day cause they are fools. At this point I dont understand how anyone cant figure out the fatal mistake a credit card represents.......
I'm building a heavy bag compared to most people I know. Didn't have much growing up and was never given much. Became very easy to be a saver. Some of us just aren't good at spending it no matter what we do (unless its buying and planting tree seedlings). Its simple to live a frugal life when you are used to it. I would guess its hard to stop spending when that's all you've ever known or been around. I sleep much better at night knowing that if something happened to me that my wife and kids would be left with enough to go and make a bunch of special memories. If they blow it, so be it. I wont be able to control much from the grave. All I can do is pass on my knowledge and how to smartly handle money while I am here. To me money is so simple to manage, yet I see people getting killed every single day cause they are fools. At this point I dont understand how anyone cant figure out the fatal mistake a credit card represents.......
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jsasker007
5 year old buck +
Some people learn from mistakes and some just keep repeating them. Learning from other peoples' mistakes is best. Common sense goes a long way.
Telemark
5 year old buck +
I was only talking about why generational wealth tends not to exist in the US. It's not impossible, it's just uncommon. I don't have an opinion on what you should do with your money. I just have very strong opinions about my own money.
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yoderjac
5 year old buck +
BuckSutherland
5 year old buck +
Yep! Glad I got that stock picking thing out of my system when I was young!
Picking individual stock is nothing to be afraid of. Some people are very good at it. Nancy Pelosi consistently crushes the S and P 500 index. I guess she feels she can make more by not taking all the losers that come with funds. Investing your life savings in Google, Microsoft, Apple or Tesla 5 years ago would have produced handsome returns. Investing your life savings in oil companies like Exxon, Chevron, or Shell when Xiden got "elected" would have given you massive returns in 12-14 months. Pfizer or Moderna January 2020.......
There is just as much skill involved as it is luck. As long as I stay in the market I will always own more stock then funds.
yoderjac
5 year old buck +
Unless you have a huge amount of money, or it is play money you are willing to use, you can't get nearly enough diversity picking individual stocks. Few if any of the mutual fund managers beat the market over the long haul and they do it professionally. For folks interest in investing, dollar cost averaging into the broad market is the best long-term strategy. If someone is looking for a thrill and has money to lose, picking stocks or hitting the casinos can be expensive entertainment. Certainly some stocks have less risk than others, but they all have individual company risk. One would have though Raytheon was one of those stalwart stocks....Then a much smaller company offered enough of the board a great parashot and there was a merger. Huge stock tumble.
Just my opinion...but to each his own... as I said, been there, done that...youthful lessons learned. If I had taken this advice when I was young, I'd be much better off financially as I head into retirement.
