Welcome to the Utopia Forums! Register a new account
The current time is Mon Nov 23 18:10:26 PST 2020

Utopia Talk / Politics / OT - Good day to invest?
Rugian
Member
Wed Oct 28 12:36:12
DJIA is currently near a 3-month low. Is now the time to start buying, or is this slide likely to continue as virus cases surge?
Paramount
Member
Wed Oct 28 13:00:30
I’m not an expert or anything but maybe buy some now if you feel it is the right time. And if it gets even lower then buy some more.

But its not likely to get much more lower now. Because when Trump wins, which he will, because the election is rigged to his favor and he is backed by the Netanyahus, so when he wins the stock market will start to climb again.
Dakyron
Member
Wed Oct 28 14:55:20
Buy and hold is the winning strategy. Market timing might win sometimes, but it will never win consistently.
Rugian
Member
Wed Oct 28 15:02:30
Daky

I'm with you, I'm a firm believer in holding.

Still if there's a particularly good time to buy when the market has dipped...why not acquire those holds at a discounted basis?
jergul
large member
Wed Oct 28 15:25:57
http://edi...omy-trump-vs-other-presidents/

Funny how democratic presidents tend to outperform republicans.
jergul
large member
Wed Oct 28 15:28:24
On topic.

Its way too risky in my opinion. The market has still priced in both an effectively distributed vaccine and an effective stimulous package.

Dakyron
Member
Wed Oct 28 15:34:43
I did buy a small amount of Royal Caribbean stock. I haven't checked it today(probably a good idea), but it had gone up about 70% from when I bought it last March.
Dakyron
Member
Wed Oct 28 15:38:34
Down 7%... not as bad I imagined. If they stay in business, this would be a good bargain right now.
Dakyron
Member
Wed Oct 28 15:39:46
I don't even want to talk about that brilliant decision to buy that Venezuelan government bond...

"It pays almost 8%! What a steal..."
Dukhat
Member
Wed Oct 28 18:57:47
Best time to buy was back in March ... but you were to busy pretending the Coronavirus wasn’t serious ...

Also your dumbass dad is still dead.
jergul
large member
Thu Oct 29 02:18:36
Daky
Hah, yah, I remember! I briefly considered following your lead, but the bond was not available here and it was too complicated to go by way of the US.
habebe
Member
Thu Oct 29 02:36:58
Dukhat, GTFO of this thread.
chuck
Member
Thu Oct 29 08:08:51
Stonks only ever go up. Today's always a good day to invest, though not as good as yesterday.
jergul
large member
Thu Oct 29 08:49:51
Here is an ok strategy for high disposable income.

1. Have 3 months wages in bank or otherwise accessible.

2. Have other savings in stocks.

3. Have a notional (not real) bond spreadsheet that gives 60% stocks (real money) and 40% bonds (not real money) ratio.

4. When stocks fall, then use bank money to buy stocks to keep 60-40 ratio intact.

5. When stocks rise, then put lots of money into bank account next paycheck. Increase notional bond spreadsheet by same dollar amount. Do this until 60-40 ration is regained.

6. Buy stuff or pay down loans with bank account money above 3 month wages.

7. Note. If you have high interest or credit card loans, then pay those fuckers back before even considering stock investments.

habebe
Member
Thu Oct 29 08:59:02
Jergul, Him, factor in a 1 in 3 chance of near civil war for Americans.

invest in guns and ammo.
jergul
large member
Thu Oct 29 10:14:31
Habebe
Comsumer articles are not investments. Its like investing in a Happy Meal (tm).

But I have you covered!

IF thinking guns and ammo are a good investment, then start by investing in paying off credit card debt.

jergul
large member
Thu Oct 29 10:16:11
You can advance investing in lottery tickets later. They give a -50% ROI in average, but you can always sell winning tickets for a lot more at horse tracks and what have you.
show deleted posts

Your Name:
Your Password:
Your Message:
Bookmark and Share