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  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

  • Rusty Shackelford
    Rusty Shackelford

  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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#11855
13 hours ago, Sam Lin said:

At least you don't own UPST, down 56% after earnings call.

i bought some in march.   i did a double take when i looked at the number.  it was red -52% or something when i looked.  i had to stare at it for a while to understand what that meant.

#11856
11 minutes ago, BehoId, The Underminer! said:

i bought some in march.   i did a double take when i looked at the number.  it was red -52% or something when i looked.  i had to stare at it for a while to understand what that meant.

-52%…. You should hold a webinar for us surly investors. 

#11857
13 minutes ago, bluto said:

-52%…. You should hold a webinar for us surly investors. 

here is my legitimate webinar:  why don't i just buy indices from here on out.  if i'm a terminable dumbass -- which I would stipulate to -- why even try with individual stocks?

#11858
9 minutes ago, BehoId, The Underminer! said:

here is my legitimate webinar:  why don't i just buy indices from here on out.  if i'm a terminable dumbass -- which I would stipulate to -- why even try with individual stocks?

How else are you going to GET TO THE MOON?

#11860

I suck as an investor, but I got lucky. As part of a buy-a-new-house-before-selling-old-house real estate transaction, I pulled a lot of money out of the market last August.  It was January by the time the dust settled and I had the money back in my trading account. By then, things were starting to slide so I stayed out.   

I've been out of the market for almost nine months and sitting on the sideline waiting to hop back in for four and a half months and it's making me nervous, but I have no F-ing idea where to invest right now.  The investing websites are all over the map from Gold to REITs to just put it in the S&P 500 and wait a long time.  Sigh. First world problem.

#11861

"The crash has laid bare many unpleasant truths about the United States.  One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government.  

This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price. And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains."

Simon Johnson, The Quiet Coup, 2009.  

#11863
17 minutes ago, BehoId, The Underminer! said:

here is my legitimate webinar:  why don't i just buy indices from here on out.  if i'm a terminable dumbass -- which I would stipulate to -- why even try with individual stocks?

beta, which is all you get with index investing, is driven by the largest companies.  For example, in the S&P 500, the top 5 names make up 21.74% of the weighting whereas the bottom 495 make up 79%.  Those top 5 (apple, msft, amzn, google, and tesla) are all dependent on a functioning global economy and globalization and it's changing.  Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.  

#11869
14 minutes ago, Bozo_Casanova said:

Unrealized losses are unrealized. Has anyone’s thesis changed?

My thesis that we are in a recession and the market has been telling us that for a few months now??  No  

#11870
5 hours ago, babysdaddy said:

beta, which is all you get with index investing, is driven by the largest companies.  For example, in the S&P 500, the top 5 names make up 21.74% of the weighting whereas the bottom 495 make up 79%.  Those top 5 (apple, msft, amzn, google, and tesla) are all dependent on a functioning global economy and globalization and it's changing.  Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.  

The big-boy index (SPX) keeps good companies in and boots out shit company (mostly). By design, they are effectively a very emotionless, diverse, and stable fund…and you can have them for near-0 fees. 

Which is why they kick all the active managers’ ass. 

But some of us still like to pick individual stocks, because we like to kick ourselves in our own asses. 

#11871
3 minutes ago, Trey3216 said:

My thesis that we are in a recession and the market has been telling us that for a few months now??  No  

Its just very rude nobody told us that in Jan at the exact top 😤😤😤

#11872
1 minute ago, 52-80 said:

Its just very rude nobody told us that in Jan at the exact top 😤😤😤

Well, November actually (if you look at the QQQ's).  But who's counting anyway?  

#11873
33 minutes ago, Bozo_Casanova said:

Unrealized losses are unrealized. Has anyone’s thesis changed?

Nah. Still works. Just hurts to look at when they are this bad. 

#11874
10 minutes ago, Cheeseweasel said:

Nah. Still works. Just hurts to look at when they are this bad. 

Gonna tell this to the wife 

#11876
Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.  


Sounds like something an investment banker or financial manager would say.
#11878
6 hours ago, babysdaddy said:

Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.

 

51 minutes ago, wild_turkey said:

Sounds like something an investment banker or financial manager would say.

I used to be a stockbroker way back when and pretty much ran my clients portfolio. Then it went to recommending managers. Now it it a broker who places money with managers who, in turn, invest in other managed funds. Each entity taking a fee along the way. I don’t see how you beat the indexes with that overhead. 

#11879

Tide is about to go out. Returns will be less going forward than historically available. Real growth on blended portfolios will be sub 5%, before fees. People won’t allow 20-50% of their return to be taken each year in management fees

#11881
1 hour ago, Vegas64 said:

As someone with no money in markets

Give it another few weeks and I think I can join you.  Of course I had a lot of money in them not long ago.  fuckity fuck. 

#11882
11 hours ago, babysdaddy said:

Tide is about to go out. Returns will be less going forward than historically available. Real growth on blended portfolios will be sub 5%, before fees. People won’t allow 20-50% of their return to be taken each year in management fees

Sad A Christmas Story GIF by filmeditor

#11883

Of all the days for my boss to fly in and a new study trial team to fly in...I would have taken the entire day off to stare at the markets today. God has a cruel sense of humor in my simulation. This day could be crazy. 

#11884

Guys look on the bright side.  All of the poors are getting lower real (inflation-adjusted) wages.  Sure, we here are losing hundreds of dollars of investment wealth, but we're still Surly 1%.  Just at a lower level.  We are still better.

#11885
15 minutes ago, Parliament said:

  Sure, we here are losing hundreds of dollars of investment wealth, but we're still Surly 1%. 

I am not the 1% but i would love to just be losing 100s of dollars. The market has been ass raping me for the last 9 months with a 20% drop in my portfolio. 100s of thousands FML

#11887
36 minutes ago, Parliament said:

Guys look on the bright side.  All of the poors are getting lower real (inflation-adjusted) wages.  Sure, we here are losing hundreds of dollars of investment wealth, but we're still Surly 1%.  Just at a lower level.  We are still better.

monty python GIF

#11888

Nasdaq still has over 30% of room to free-fall before reaching the Covid bottom; and damn near 50% before reaching the Jan 2017 ranges

#11889

Was pretty heavy energy the last couple mos “oil gas prices this high, Russia f up, and continued strangle on supply issues globally, that should be a safe haven to the carnage. And share prices aren’t way above pre covid high either”

 

fml

#11890

My wifes returns are destroying mine. Shes in all cash except employer stock in energy, bought near the bottom. 
 

fposter,small,wall_texture,product,750x1

#11892
3 minutes ago, Parliament said:

Don't give her a reason to dump you.

I advised her to buy into the plan…

…(after thoroughly dumping all my shares)

#11894
3 hours ago, bluto said:

And share prices aren’t way above pre covid high either”

 

fml

CVX Dec 2019, $120.  Today, $160.

XOM Dec 2019 $70.  Today $85.

SLB Dec 2019 $40.  Today $38.

HAL Dec 2019 $25.  Today $34.

#11896

You know things are shit when you have a "good day" with the Dow "only" losing < 200 pts.

And like ninelives, shit, I would kill my grandmother for only a few hundreds $ lost the last 4 months.  This is relevant and you oldies will understand it:

image.png.711b4c3abcc9961dc403c8f0b52cc57c.png

Edited by phdhorn

#11898

if you bought Big Tobacco even before the Covid Crash, you would have never seen a drawdown (practically), you would have collected a fat dividend, and by now the price have even appreciated.

 

now who's got a time machine?

#11900
40 minutes ago, workswithseed said:

Dump a load in her to really get the last laugh for 18 years when you win child custody. 

Season 2 Wtf GIF by Parks and Recreation

Edited by B00M
You're being weird stahp

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