Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 18 of 119
Quote:
Originally posted by JEWELSTAITEFAN:Quote:if you had stayed in from Feb 2008 to Mar 2009, the market lost more than 50%, the Dow dropping from about 14,000 to under 6,000.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
Warren Buffett knows that when the stock market is crashing is a great time to buy more of a S&P 500 index mutual fund. The chickens are running away and hawks swoop down to pick up stock cheaply. Eventually, since you are not taking the money out your 401K until you retire, the stock market will recover. You would look like a genius if you had steadily invested your money as the market crashed in 2008. You will be a genius if you continue to invest during the next market crash, even if all the chickens squawk to take your money out of the S&P 500 Index fund and place it in a nice, safe moneymarket fund.
When the market crashed in 2008, I got really lucky that my company was bought out and froze our accounts in the transition to a new 401k provider for 3 months. It happened only weeks before the bottom fell out. Before that I had 4+ years of 22-30% gains. I would have lost almost 50% of what was in there if I stayed in for a year.
After the crash, I got laid off, then I bought a rehab/foreclosure for little over 1/3rd what the previous owner paid for it in 2005. Now it is valued at over 60% more of what I paid for it.
As of now, it's already paid for itself in the rent/mortgage that I haven't been paying on it since I bought it. So.... essentially I still have all of that money, but it's just somewhere else now. It also pays dividends every month because of the rent/mortgage that I'm not paying somebody else.
Not only that, but I didn't have any income to invest since 2008. By sometime in the 1st or 2nd quarter of 2018 I should have finally earned what i used to in a single year before the late 2009 layoff.
Dare I say that at least in the micro-cosom of my insignificant life, my returns beat that of even Warren Buffet. Strictly percentage-wise speaking.
Do Right, Be Right. :)
LOL... I guess I stopped counting. I was out and I was happy.
Do Right, Be Right. :)
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Quote:
Originally posted by JEWELSTAITEFAN:
I would grant that a genius is one who got out in Oct 2007 instead of Feb 2008, but I don't know anybody who did that intentionally for that purpose.
I felt I did well to gain 35% between Feb 2008 and Mar 2009 while the market was dropping.
Like I said, looking back on hindsight, I don't feel that I was a genius at all. I was in and out at the right time and lady luck intervened at a critical time of my life. It could have very easily gone the other way right before I was laid off.
I'd say that I've done about a 300% return on my investment since I got out if you consider how long I've been living off of either nothing or basically nothing and my home is worth just about what I had in holdings when I lost my job.
I'm no longer playing the game because I don't need to. Any job I work for the rest of my life in my situation is really at least $5-8 more per hour than what I'm actually making just because I don't have to pay rent. That number only goes up when I work part time, which is what I've done when I actually do work.
Good luck to you all. I really hope that you cash out before the major crash inevitably comes. And it will come.
Do Right, Be Right. :)
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Quote:
Originally posted by second:
For people who doubt it, remember this: Trump never planned his days as a businessman. As he explains on the first page of "The Art of the Deal," he liked to let the day come to him -- no planned meetings, no set agendas. Just let the day unfold and sort of wing it.
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
I'm just a red pill guy in a room full of blue pill addicts.
" AU, that was great, LOL!! " - Chrisisall
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Quote:not sure I understand your meaning. Referring to reality backfiring on the OP?
Originally posted by AURaptor:
Wow.. this thread hasn't aged very well, has it?
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
I'm just a red pill guy in a room full of blue pill addicts.
" AU, that was great, LOL!! " - Chrisisall
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Hind site iz 20 20. Obviously I wuz rong about 20,000, but nobody coud hav predicted that by calculation unless they are insiderz manipulating the market. For the rest, its pure luck and the oddz are getting worse all the time.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:
Originally posted by JEWELSTAITEFAN:
not sure I understand your meaning. Referring to reality backfiring on the OP?
Exactly. Anyone should have known that merely doing 3 things.... reducing regulations, dropping the Corp tax rate and opening up drilling was going to have a net boost to the economy. Despite his twitter antics and drama, the stock market likes this administration just fine in year 1.
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
I'm just a red pill guy in a room full of blue pill addicts.
" AU, that was great, LOL!! " - Chrisisall
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Quote:
Originally posted by AURaptor:Quote:
Originally posted by JEWELSTAITEFAN:
not sure I understand your meaning. Referring to reality backfiring on the OP?
Exactly. Anyone should have known that merely doing 3 things.... reducing regulations, dropping the Corp tax rate and opening up drilling was going to have a net boost to the economy. Despite his twitter antics and drama, the stock market likes this administration just fine in year 1.
Okay, but does that explain the dramatic record breaking increases?
Is Trump the most pro-Corporate President that ever existed?
If that's the case, and the job situation doesn't start reflecting the trajectory of the DOW, I'm going to quickly be finding myself on the other side of this argument when the dust settles. I won't be with the trolls screaming Russia every five seconds, but I'm going to be anti-Trump like I was anti GWB.
I'm starting to think that the DOW exists only to make well off American Citizens root against those less fortunate than they are.
Do Right, Be Right. :)
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Quote:Anyone? You seem unfamiliar with the Libtard mindset. Reality is what they consider a delusion.
Originally posted by AURaptor:Quote:
Originally posted by JEWELSTAITEFAN:
not sure I understand your meaning. Referring to reality backfiring on the OP?
Exactly. Anyone should have known that merely doing 3 things.... reducing regulations, dropping the Corp tax rate and opening up drilling was going to have a net boost to the economy. Despite his twitter antics and drama, the stock market likes this administration just fine in year 1.
Fathom the hypocrisy of a government that requires every citizen to prove they are insured... but not everyone must prove they are a citizen
I'm just a red pill guy in a room full of blue pill addicts.
" AU, that was great, LOL!! " - Chrisisall
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Quote:
Originally posted by 6IXSTRINGJACK:
Okay, but does that explain the dramatic record breaking increases?
The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won.
Its speculation based on optimizm, fear and greed, but there iz a core reality - the actual value uv the publicly traded companyz. Even tho its an elusiv number, therez a limit to how far from it the fantasy can drift befor a rude awakening will occur.
Quote:
I'm starting to think that the DOW exists only to make well off American Citizens root against those less fortunate than they are.
A great statement! Food for thot.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Quote:An excellent example.
Originally posted by JO753:Quote:
Originally posted by 6IXSTRINGJACK:
Okay, but does that explain the dramatic record breaking increases?
The Dow Jonez Industrial Averaj wuz well into fantasy land long befor Trump won.
Delusion is their reality. When confronted with reality, they consider that to be a delusion.
Referring here to Jump Off, not 6.
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