Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 11 of 119
Dow closed today at 23,590. Yet another all-time high.
An increase of 3,858 since taking office.
An increase of 5,258 since Election Day.
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Yeah....
My new job doesn't start matching until next year. I will have missed the boat by then, I'm sure.
It's great for people who have a 401k now, but I really can't see why the DOW keeps going up like this. While it hasn't gotten worse, there's no indication for the working class that things have gotten any better in the last year.
Do Right, Be Right. :)
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Dow closed at 23,836 today. Yet another all-time high. More than 1% increase over the previous all-time high, all gained in one day.
A total increase of 4,104 since taking office, 10 months plus a week ago. A gain of 20.8%, or 24.3% APR.
An increase of 5,504 since Election Day, 55 weeks ago. A gain of more than 30%, or 28.4% APR.
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LOL... at this point, I have to start agreeing with JO. If I did have money in aggressive funds, it would be time to start putting it into much safer investments. The world in general is far too volitile right now, and I think we're due for a major correction. I don't see any reason why the DOW should be doing this well. Regardless of who's president, this just reeks of "bubble".
And speaking of bubbles... how the fuck is BitCoin over 10,000 bucks today? If I sunk all the money I had into bitcoin this time last year when I was watching videos about it and considering it, I would be set for life.
And you bet your ass I'd be selling every single one of them right now and not feeling bad if it continues to go up more before that comes crashing down. HARD.
There are a lot of people who are getting into that game way too late, and they're going to lose A LOT of money.
Do Right, Be Right. :)
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Quote:As the thread title clearly states, Jump Out JO said to avoid this 19% gain in your life savings by getting out at 20k.
Originally posted by 6IXSTRINGJACK:
LOL... at this point, I have to start agreeing with JO. If I did have money in aggressive funds, it would be time to start putting it into much safer investments. The world in general is far too volitile right now, and I think we're due for a major correction. I don't see any reason why the DOW should be doing this well. Regardless of who's president, this just reeks of "bubble".
And speaking of bubbles... how the fuck is BitCoin over 10,000 bucks today? If I sunk all the money I had into bitcoin this time last year when I was watching videos about it and considering it, I would be set for life.
And you bet your ass I'd be selling every single one of them right now and not feeling bad if it continues to go up more before that comes crashing down. HARD.
There are a lot of people who are getting into that game way too late, and they're going to lose A LOT of money.
Do Right, Be Right. :)
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I haven't had any money in the market for 8 years now. Can't win or lose if you don't play.
Do Right, Be Right. :)
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Dow closed at 23,940 today.
An increase of 4,208 since taking office. That is 21.3% gain, almost 25% APR.
An increase of 5,608 since Election Day. A 30.6% gain, almost 30% APR.
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Quote:Yes, you lose. When the rest of the world gains and you are in neutral getting passed by, you lose. Unless you think your dollar is not subject to inflation devaluation.
Originally posted by 6IXSTRINGJACK:
I haven't had any money in the market for 8 years now. Can't win or lose if you don't play.
Do Right, Be Right. :)
A friend was interested in learning chess from me, essentially strategy and tactics - she had known all her life the moves and rules. She asked why she couldn't just move the same piece back and forth on 2 different squares. I explained that she could, but her opponent would keep making useful moves until all her pieces were captured.
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I can play chess like an idiot-not-savant.
All I know is how the pieces move. Strategy never enters my head.
But I love this movie:
Searching for Bobby Fischer (1993)
Joe Mantegna, Ben Kingsley
... oooOO}{OOooo ...
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Quote:
Originally posted by JEWELSTAITEFAN:
Yes, you lose.
Meh. I have a paid for house and car and an 822 credit score. Working part time now pays the bills and will give me some extra fun money, and I get to spend half the week doing whatever I want to do.
I'm good.
Do Right, Be Right. :)
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