Investing General Discussion

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Hateyou

Hateyou

Not Great, Not Terrible
<Bronze Donator>
16,646
43,307
TJT said:
I didn't move anything. I just follow that factual mantra of, "you never make a loss until you sell." I had a lot of cash on hand because I'd been expecting a correction for a long time now. This is just way better than that.

I understand that yes, I could have sold two weeks ago and repositioned today at great gains. But I also know that that is hindsight 20/20 talking and I am not overly deep into research to predict this kind of thing reliably. 90 days ago nobody could have predicted the zombie plague doing this.

Praise Papa Nurgle for bestowing his blessings and gifts upon us unworthy denizens.
View attachment 253751
Click to expand...

I just moved my 401k stock allocation to a fixed income allocation is all. Only sold half my stocks cause I wanted cash to buy in lower.

Once my wife started getting emails about supply ending with no restock in sight I knew the economy would get hurt once the news hit. I did not expect the zombie plague running rampant here though.
 
  • 1Like
Reactions: 1 user
sadris

sadris

Karen
<Donor>
21,141
80,871
I set a price alert on DEO like 3 years ago and forgot I did that. Just got the email today :emoji_smiling_imp:
 
  • 1Like
Reactions: 1 user
Khane

Khane

Got something right about marriage
20,338
14,002
TJT said:
Yeah sure. It's hysteria and people will get over it. That is what I am banking on.

It's not people actually losing their houses. The biggest asset and purchase in the average persons life by far. It's not the financial market collapsing because they were basing billions of dollars in business decisions on fundamentally unsound investment practices.

That shit isn't happening. This is monkeys freaking out over nonsense.
Click to expand...

You're giving the banking industry entirely too much credit. Greed is a powerful force. Anyway that's not really the point. Politicians are overreacting to public hysteria and causing more strain on their local economies. Most Americans can't afford to have their kids home from school for any extended period of time. Most businesses cannot weather a months long storm where no business is actually being conducted. When the NBA (and it looks like the NHL is soon to follow) cancel their seasons that means a lot of lost income for all arena staff. The more these things happen and the longer it goes on the less it becomes about an inflated market and more about "I just lost my fucking job and now I can't afford my mortgage".

So yea, the monkeys are freaking out over nonsense, but that could have very real consequences. I don't really know what will happen, cooler heads may prevail when people suddenly realize closing their kid's schools was actually a bad idea because staying home from work or paying extra for childcare just ain't gonna fly. I guess it all depends on how long that takes.

I certainly did not expect this to get out of hand as fast as it has.
 
  • 4Like
Reactions: 3 users
Locnar

Locnar

<Bronze Donator>
2,821
3,132
I have not said this yet, but I work for the Airline. Flight loads have dropped like a rock and flights are getting canceled with short notice. There is NO doubt in my mind that this will lead to another around of mergers with the small fish banding together for survival and the big fish using this as a excuse to knock out competition. Furlough (layoffs) are extremely likely now too. Those of you hoping this leads to cheaper flights are in for a surprise because in the long term airlines will be able to improve yields after they have finished strangling to death the weaker/smaller airlines. There are going to be a TON of airlines going under in Europe and Asia.

I still won't touch my retirement account, at least I'm pouring my paychecks into them and can tell myself I'm contributing and buying shares in these devastated indexes.

My individual account though, sorry but I had to liquidate it so I can be in position to jump in on some choices and tell myself I have a chance to mitigate my losses with some lucky gambles.
 
  • 2Like
Reactions: 1 users
Attog

Attog

Blackwing Lair Raider
2,431
1,859
I just bought more XOM, you can all laugh at me next week when it is half what it is today.
 
  • 1Solidarity
Reactions: 1 user
Gurgeh

Gurgeh

Silver Baronet of the Realm
4,655
12,613
www.boursorama.com

FFP (famille Peugeot) passe au-dessus des 10% du capital de PSA

PARIS (Reuters) - FFP, véhicule d'investissement de la famille Peugeot, a franchi le seuil de 10% du capital de PSA et détient désormais une participation de 10,69% dans le constructeur automobile, est-il indiqué dans un avis de l'Autorité des marchés financiers (AMF) publié jeudi. Ce...
www.boursorama.com www.boursorama.com
Peugeot's family just bought back a significant number of shares of their company and went up to over 10% of ownership. Reading that made me wonder if that's an isolated case, or if the richer player are mass buying ?
A fuck that, bought some, it's down like 50%, cheap oil + china down isn't going to help much electric cars sales in the near future. I guess that's how a woman feel during the sales.
 
Last edited:
Furry

Furry

🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
<Gold Donor>
21,893
28,615
Gurgeh said:
www.boursorama.com

FFP (famille Peugeot) passe au-dessus des 10% du capital de PSA

PARIS (Reuters) - FFP, véhicule d'investissement de la famille Peugeot, a franchi le seuil de 10% du capital de PSA et détient désormais une participation de 10,69% dans le constructeur automobile, est-il indiqué dans un avis de l'Autorité des marchés financiers (AMF) publié jeudi. Ce...
www.boursorama.com www.boursorama.com
Peugeot's family just bought back a significant number of shares of their company and went up to over 10% of ownership. Reading that made me wonder if that's an isolated case, or if the richer player are mass buying ?
Click to expand...

Luxuries has been sitting on an astronomical mountain of cash the last few years. Probably a prudent move if they are looking long term.
 
Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
<Gold Donor>
46,383
98,553
Khane said:
You're giving the banking industry entirely too much credit. Greed is a powerful force. Anyway that's not really the point. Politicians are overreacting to public hysteria and causing more strain on their local economies. Most Americans can't afford to have their kids home from school for any extended period of time. Most businesses cannot weather a months long storm where no business is actually being conducted. When the NBA (and it looks like the NHL is soon to follow) cancel their seasons that means a lot of lost income for all arena staff. The more these things happen and the longer it goes on the less it becomes about an inflated market and more about "I just lost my fucking job and now I can't afford my mortgage".

So yea, the monkeys are freaking out over nonsense, but that could have very real consequences. I don't really know what will happen, cooler heads may prevail when people suddenly realize closing their kid's schools was actually a bad idea because staying home from work or paying extra for childcare just ain't gonna fly. I guess it all depends on how long that takes.

I certainly did not expect this to get out of hand as fast as it has.
Click to expand...
Worst part is its going to take time for all that to come out in the wash.
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,760
Blazin said:
I got crazy lucky in that I primarily trade options and every option I held expired on 2/21 which couldn't have been a more perfect time. Letting me redeploy cash during this, a week different and I would be in a very different position. I would only be upset about not having more cash to take advantage. In retirement accounts, I couldn't careless havent even logged on to it, I can't even touch it for another 13yrs what difference does it make besides that I now get to accumulate cheaper. But if in 13yrs we aren't at a much higher level I will come back here and eat crow.
Click to expand...
Looking for your opinion. I bought puts on TLT and took it in the teeth for a couple of days (as I figured could happen). Now I'm up about 200%. I had assumed when the market bottomed the treasuries would get sold as the money moved back into equities. But we are still seeing a bloodbath in stocks and there is strong selling in long dated treasuries. I'm trying to figure out where the cash is going from the bond sellers.
 
  • 1Like
Reactions: 1 user
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
14,472
27,162
TJT TJT

You need to mentally prepare for companies crashing.

Gotta think of where we are, how fast we are moving, how much we are still accelerating, and how much energy is required to reverse course.

Then how long it takes to get back to 0 after expending all that energy.

I'm not saying the sky is falling, but don't be shocked if it does. This was handled about as poorly as it could have been.
 
  • 1Like
Reactions: 1 user
Attog

Attog

Blackwing Lair Raider
2,431
1,859
I'm surprised the market panic isn't worse than it is given the technology that we have today, social media, etc. that we didn't have in 1987. It also seems like the circuit breakers really do work.
 
Attog

Attog

Blackwing Lair Raider
2,431
1,859
Pretty much the same reason I buy anything, I'm going to hold it and reinvest the dividends for the next 20 years. I'm a terrible investing role model, I buy stuff that pays dividends and I hold it for a long time. In 2008 the stock market scared me so much that I bought some rental houses so I had some kind of investments that weren't tied to the markets. They have been a lot of work over the years but they are paid off now and generate monthly income, plus the underlying property value.

For me it is always slow and steady, I'm never going to get rich quick.
 
  • 3Like
Reactions: 2 users
Khane

Khane

Got something right about marriage
20,338
14,002
You think that makes you a terrible investing role model?
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,527
120,760
XOM
It has a solid balance sheet and cash on hand. Debt to EBITDA is decent. It covers all aspects of the sector so it isn't just a "driller". Once the industry shakes out the zombies and consolidates I expect it to emerge in good shape on the other side. If I recall correctly 20% of oil companies produce 70% of the US oil. There is a lot of debt ridden deadwood to go bankrupt and get bought for pennies.
 
Attog

Attog

Blackwing Lair Raider
2,431
1,859
Khane said:
You think that makes you a terrible investing role model?
Click to expand...

I think a lot of people on here are looking at something to buy and turn around and sell for a huge short turn profit. I'm not saying that is wrong or stupid, just don't look at me for advice on that because I can't help you.
 
You must log in or register to reply here.