Money Investing megathread extravaganza - Page 347

Originally Posted by scho63:
The level of pessimism being bandied about is pretty surreal. Markets normally never go down when things are this pessimistic.

Lots of good value in the market. I bumped up my 401K contributions to the MAX at Amazon, including a good chunk going into AMZN stock.

"Bull Markets begin on Pessimism,
Grow on Skepticism,
Flourish on Optimism
and Die on Euphoria."

:-)
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May 7, 2020 :-)

Originally Posted by oaklandhater:
Opening up too fast/too early might make a bad situation worse. I don't expect to see an economic recovery for a very long time.

Originally Posted by scho63:
You will be very wrong once again. We will see a powerful "V" shaped recovery in spite of you and all the Dems hoping things stay shitty until the election.

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Looking at some REIT stocks. They all took the COVID hit and are rebounding with what looks like potential.

Current price / My target

SPG 88.6 / 160

WELL 61.60 / 90

BXP 102 / 145

SVC 11.27 / 24
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Oil stocks are about to run.

Hope you bought CDEV.
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Originally Posted by Hammock Parties:
Oil stocks are about to run.

Hope you bought CDEV.

1.49 now with a 52 wk high of 8.07.

Hmmmm. Might be a quick money maker.

https://oilprice.com/oil-price-charts/45

Edit: Looking at the techical analyst they say negative, sell ,avoid.:-)

It's funny how they always get it wrong.
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Wish I had bought Halliburton stock in March.

I think it could run up to 30.
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I'm finally back in positive territory thanks to the nice market gain on Friday.

At one point during the corona crash, I was down somewhere around 20%.
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Originally Posted by Munson:
I'm finally back in positive territory thanks to the nice market gain on Friday.

At one point during the corona crash, I was down somewhere around 20%.

That’s it?

I was down 33% on the lowest March day.
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Originally Posted by lewdog:
That’s it?

I was down 33% on the lowest March day.

Sorry man but how in the hell did you let that happen?

<-- Actually a bit shocked.
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Originally Posted by eDave:
Sorry man but how in the hell did you let that happen?

<-- Actually a bit shocked.

I don’t touch my 401k or ROTH IRA funds and they’re invested very aggressively. Just dollar cost average in each month and don’t look for awhile.

My brokerage account faired better as I’m actively trading in that weekly. Was down 18% there.
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I have a really, really good feeling about next week.

I bet I make embarrassingly huge gains.
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Originally Posted by lewdog:
I don’t touch my 401k or ROTH IRA funds and they’re invested very aggressively. Just dollar cost average in each month and don’t look for awhile.

My brokerage account faired better as I’m actively trading in that weekly. Was down 18% there.

Figured and wasn't belittling you at all. \ I'm pretty hands on with my 401. Move that shit around a lot based on shifting business and social trends. I do the same with my BTC. There's obvious patterns withing BTC as well.

Lewdog made me $24K once with a post here.
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Originally Posted by eDave:
Figured and wasn't belittling you at all. \ I'm pretty hands on with my 401. Move that shit around a lot based on shifting business and social trends. I do the same with my BTC. There's obvious patterns withing BTC as well.

Lewdog made me $24K once with a post here.

Oh I’ll be doing more moving and/or rebalancing in my retirement accounts when I’m older. Right now sitting mostly stocks, there’s no need at my age.

Did I make you money by trashing on Buttcoin?!
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Originally Posted by lewdog:
Oh I’ll be doing more moving and/or rebalancing in my retirement accounts when I’m older. Right now sitting mostly stocks, there’s no need at my age.

Did I make you money by trashing on Buttcoin?!

You were the voice of reason when I was going all Hammock over BTC.
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Originally Posted by lewdog:
Oh I’ll be doing more moving and/or rebalancing in my retirement accounts when I’m older. Right now sitting mostly stocks, there’s no need at my age.

Did I make you money by trashing on Buttcoin?!

Dude you have no business moving anything out of stocks right now. You should be 80% solid in stocks and most of that should be in fairly aggressive investments. When you hit your 40's you can start looking to trim down a bit.
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