Sanrith Descartes
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IWM headed toward a new 52-low. Gotta suck when AMC is the biggest holding.
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Investing General Discussion
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Hateyou
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I’m guessing you can buy them today with a discount? Everything just took a shit again.I'm regretting all those orders I had yesterday that missed by pennies
Sanrith Descartes
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Asshat wormie
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Sanrith Descartes
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Selling my small amount of BA today. Looking at the chart, it looks like dogshit, and it's done nothing but go down or stay even in 6 months. Maybe if it drops down to like 175 it might be a good buy, but I have no faith in it going much higher than this in the foreseeable future. I'd be better off indexing the cash.
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Sanrith Descartes
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When you see these sideways moves for months at a time it tends to make a pretty solid swing trade. Another is AMZN. Wait until BA gets under $190, buy some and plan to dump it around $220. It can be a 10-20% profit for a month or two hold time.
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Actually I was looking at CLF for a possible candidate for that strategy. I'm leery about the market as a whole right now though, these last few weeks seems different than the usual buy the dip followed by more uptrend. Picking winners in that environment is not something I'll be able to do, methinks.
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Sanrith Descartes
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All we can do in time like these is follow the technicals and charts. Honestly, the best bet is to buy FTEC/QQQ/IVV etc while it's on sale if it's for the long term.
Zog
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Sanrith Descartes
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Probably, I'm just a natural pessimist, and even looking at the index (FSKAX) buy I made in June it's only up 7% as of now. Not even matching real inflation.
Zog
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Sometimes you have to have conviction.
I just wish my conviction was started today instead of friday.
Sanrith Descartes
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So 7% in 7 months. The reality is that is average and what we "should" be setting as our expectations. The last few years of returns have skewed investor expectations. Historical S&P 500 return is a shade under 10% (with dividend reinvestment) for 12 months. So after 9 months historically it would be at 7.5%. Which is where you are. All things being equal total market or S&P 500 is very low risk as far as equities go. Getting 10% a year with little risk is pretty good and why so many people just buy the index and ignore everything else.
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Moglyzoke Moogleman
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Oof. The idea of some of these bags til 2035... yikes!
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Sanrith Descartes
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And if you bought NVDA (not some SPAC or China stock) on Black Monday at $45.17 (split adjusted) in less than two years it is worth $254 today. That is a nearly 600% increase in 22 months. You will drive your self nuts thinking about individual market events. If you bought AAPL in that same Aug 2001 timeframe it was 37 cents a share. it is worth 453 times what you paid for it, plus dividends.