All of the gains for 2021 have been wiped out. The rising inflation from natural resources such as oil and wood, usually causes an overreaction from investors and traders. Then we have the "rotation" of stocks moving back out from technology and back into retail and restaurants in anticipation of a pandemic recovery. There is also the need for a major correction in general.
Not sure how deep this will go and how long it will last but I sold everything today. I might wait until April before seriously considering getting back in.
So what did you put your money into?
I think that might be an over reaction. I think its going to be awhile till things go south, probably next year as the far lefts economy killing policies take effect.
I have no idea how old your are or anything about your personal financial picture. However, there is a saying about investing that has never failed me....
"Timing the market will not beat time in the market."
It is the rare and lucky investor that can perfectly "time" the getting out and the getting back in of the markets while sacrificing their time IN the market.
Quote from: TD on March 04, 2021, 05:24:55 PM
All of the gains for 2021 have been wiped out. The rising inflation from natural resources such as oil and wood, usually causes an overreaction from investors and traders. Then we have the "rotation" of stocks moving back out from technology and back into retail and restaurants in anticipation of a pandemic recovery. There is also the need for a major correction in general.
Not sure how deep this will go and how long it will last but I sold everything today. I might wait until April before seriously considering getting back in.
So, is this just speculation, or is there something to back it up? Granted, it's kind of a given with Marxists, but I'd still like to see proof of substantiated claims.
And by the way, this belongs in finance.
Quote from: Solar on March 05, 2021, 04:29:04 AM
So, is this just speculation, or is there something to back it up? Granted, it's kind of a given with Marxists, but I'd still like to see proof of substantiated claims.
And by the way, this belongs in finance.
What I cited is what everyone has been talking about all over the news.
Quote from: TD on March 05, 2021, 04:32:11 AM
What I cited is what everyone has been talking about all over the news.
Ummm, I don't do CCP media, so I'm not seeing it "All over the new"..
So post something other than what you think is happening, show something to support your claims.
Had you used the disclaimer, (IMO), and posted this where it belonged, there wouldn't be any issue, but you posted this as fact without sources, so in truth, this belonged in conspiracies.
We are a fact based forum, keep that in mind. nothing personal, it's just the way the forum works.
Quote from: Rick on March 04, 2021, 07:52:25 PM
So what did you put your money into?
In cash for now until I get back into the markets.
Quote from: esbad63 on March 04, 2021, 08:59:24 PM
I have no idea how old your are or anything about your personal financial picture. However, there is a saying about investing that has never failed me....
"Timing the market will not beat time in the market."
It is the rare and lucky investor that can perfectly "time" the getting out and the getting back in of the markets while sacrificing their time IN the market.
I never liked the strategy of just leaving money invested. I think people should take a more active role in their investments, ie watch the technical charts, learn the fundamentals, etc. The time to get out was about two weeks ago but I was too stubborn to do so!
Quote from: TD on March 05, 2021, 04:58:31 AM
In cash for now until I get back into the markets.
I never liked the strategy of just leaving money invested. I think people should take a more active role in their investments, ie watch the technical charts, learn the fundamentals, etc. The time to get out was about two weeks ago but I was too stubborn to do so!
One reply per post.
Quote from: esbad63 on March 04, 2021, 08:59:24 PM
I have no idea how old your are or anything about your personal financial picture. However, there is a saying about investing that has never failed me....
"Timing the market will not beat time in the market."
It is the rare and lucky investor that can perfectly "time" the getting out and the getting back in of the markets while sacrificing their time IN the market.
I would say that is different from taking a good look and deciding to get out because you are certain things are going to tank.
Maybe he is over reacting but certainly the signs are not good. Better to get out before it hits bottom.
Thanks for moving this to Financial.
Quote from: Rick on March 04, 2021, 07:52:25 PM
So what did you put your money into?
A fixed annuity is a very good option.