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Blood on the streets cleaned up

charliebrown

charliebrown

Review Contributor
Messages: 2,751
Reviews: 179
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#1
#1
Well gentlemen, this will be the third thread on this subject because people can not stop talking about politics.

I really do not even care whether this thread survives or not. Just want to know how many people were scared shitless three months ago and how many people doubled down on the market during that time because of the general rules.

Never fight the Fed
Buy when everyone else is selling.
Viruses come and go, the market has been here for awhile and will stay hear for a long time to come.
 
charliebrown

charliebrown

Review Contributor
Messages: 2,751
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#4
#4
Nothing wrong with having cash on hand. Seems like a common trait with us Mongers. Wondering if you guys keep it as 100 dollar bills?

Tripled my 401K contributions to get maxed out in 3 months instead of 9 months. Also bought a few calls that doubled and increased holding in stocks I absolutely love and should provide me with the cash in retirement to continue the hobby.
 
E

East Lake II

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Messages: 2,962
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#9
#9
charliebrown said:
Nothing wrong with having cash on hand. Seems like a common trait with us Mongers. Wondering if you guys keep it as 100 dollar bills?

Tripled my 401K contributions to get maxed out in 3 months instead of 9 months. Also bought a few calls that doubled and increased holding in stocks I absolutely love and should provide me with the cash in retirement to continue the hobby.
Click to expand...
Maxing out of your 401K early in the year, will you miss out on any of the company match? Not that it would matter as the rebound made up for any company match you would have given up. If your 401K has a true up provision you will get all the company match as if you had contributed throughout the year. Have to wait till beginning of next year to get it.
 
E

East Lake II

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#10
#10
The market didn’t go as low as it would have without the govt intervention. It’s too big to fail, the market that is. There is just too much riding on it. Companies will come and go, but the fact that the citizenry has bought into it, realistically and metaphorically, it can’t fail. Basically the market had become our country.

What amazes me is how day trading made a comeback. People stuck at home with nothing to do began day trading. And, they have made some decent coin. In my neighborhood, talk of the market reminds me of the euphoria or exuberance that existed during the internet run up.
 
krideynyc

krideynyc

Registered Member
Messages: 3,284
Reviews: 9
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#12
#12
Made out like a bandit with my positions on Remote Telecommuting firms. Got in on Citrix early. Did not make any purchases for Electric Urban Vehicle firms, as there didn’t seem to be much of a shift to keep cities pollution free.

S&P recovered to Feb levels, so that’s a good sign.
 
Uniquelyme

Uniquelyme

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Messages: 7,832
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#14
#14
I bought Boa when it went down to $18. Back a few mos ago and sold AA for a couple of dollars back in late March after buying it at $11. I shouldve bought Tesla at $350. But i hesitated. Thought it could touch again $350 or lower. That was a bad move. Bought delta low and still have it also.

Really feel dumb that i didnt pull the trigger.
 
2

248Lancer

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Messages: 549
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#15
#15
I'm glad that in Feb as part of my annual rebalancing I captured some really good profits and then implemented a few volatility hedge trades. The roller coaster ride hasn't been too tough to ride out.
 
charliebrown

charliebrown

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Messages: 2,751
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#16
#16
Uniquelyme said:
I bought Boa when it went down to $18. Back a few mos ago and sold AA for a couple of dollars back in late March after buying it at $11. I shouldve bought Tesla at $350. But i hesitated. Thought it could touch again $350 or lower. That was a bad move. Bought delta low and still have it also.

Really feel dumb that i didnt pull the trigger.
Click to expand...
You can't catch everything. PS, the best thing I did as a parent was teach and force my children to invest early. They are in their 30's and all have a much better grasp and investment portfolio than I had at that age. My youngest son who did not go to college is actually the most financially set out of my children and he accomplished it thru investments.
 
njlefty

njlefty

Registered Member
Messages: 2,418
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#17
#17
Uniquelyme said:
I bought Boa when it went down to $18. Back a few mos ago and sold AA for a couple of dollars back in late March after buying it at $11. I shouldve bought Tesla at $350. But i hesitated. Thought it could touch again $350 or lower. That was a bad move. Bought delta low and still have it also.

Really feel dumb that i didnt pull the trigger.
Click to expand...
I've always had mixed feelings about Tesla. The people I know who own one act like it is the best thing since sliced bread. Given I value their opinion, perhaps I should not have mixed feelings?
 
2

248Lancer

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Messages: 549
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#18
#18
charliebrown said:
You can't catch everything. PS, the best thing I did as a parent was teach and force my children to invest early. They are in their 30's and all have a much better grasp and investment portfolio than I had at that age. My youngest son who did not go to college is actually the most financially set out of my children and he accomplished it thru investments.
Click to expand...
Best Financial advice I ever received from my father (other than live within your means) was to invest in my 401(k) in my 1st job in 1994. While I have never maxed out my contributions, I have maximized my employers contributions. It has served me well.
 
njlefty

njlefty

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#19
#19
248Lancer said:
Best Financial advice I ever received from my father (other than live within your means) was to invest in my 401(k) in my 1st job in 1994. While I have never maxed out my contributions, I have maximized my employers contributions. It has served me well.
Click to expand...
My dad advised the same thing way back. At first, my reaction as a young man was that this would affect my booze and party budget. Sure glad I listened to him.
 
charliebrown

charliebrown

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Messages: 2,751
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#20
#20
My dad gave me a ton of good advice, but I still searched for more advice from people who were even richer. Once guy told me everything my dad did except for an interesting twist. He said to become rich, you need to work more than 40 hours a week, The first 40 hours you work for a good company with pay and benefits, the second twenty hours you work for yourself. Every hour you work for yourself is an hour you are rewarded 100% of your effort. I took his advice and have been working for a company or myself my entire life.
 
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