|
|
Pigs Get Slaughtered and .....
04-30-2013, 11:01 AM
|
#1
|
Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,782
|
Pigs Get Slaughtered and .....
What's the other half of this old stock market saying?
Pigs being those folks who won't sell when the stock is high, hoping for it to go even higher, and hold on as it drops and finally sell near the bottom (the slaughtering).
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
04-30-2013, 11:04 AM
|
#2
|
Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
|
"Bulls make money, bears make money, pigs get slaughtered."
__________________
And if I claim to be a wise man, it surely means that I don't know.
|
|
|
04-30-2013, 11:09 AM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,782
|
Ah. Thanks, Onward !
|
|
|
04-30-2013, 11:38 AM
|
#4
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
|
Also there is a similar, though slightly different saying,
Pigs get fat, hogs get slaughtered.
Quote:
This idiom is used to express being satisfied with enough, that being greedy or too ambitious will be your ruin.
|
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
04-30-2013, 12:01 PM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,782
|
|
|
|
04-30-2013, 01:10 PM
|
#6
|
Full time employment: Posting here.
Join Date: Apr 2013
Posts: 834
|
Quote:
Originally Posted by W2R
|
That's the one I know. Love that saying....................
__________________
The Constitution. It's not just a good idea...it's the law.
|
|
|
04-30-2013, 01:20 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
|
Pork bellies on sale!
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
|
|
|
04-30-2013, 01:30 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
|
Quote:
Originally Posted by W2R
|
Yep.
I am now very heavy cash waiting on the side-line for good buying opportunities. Bring on the bear.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
|
|
|
04-30-2013, 02:00 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
|
"It's hard to start a war without plenty of dry powder"..............
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
|
|
|
04-30-2013, 05:03 PM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,008
|
Of course all those sayings are countered by "the market can stay irrational longer than you can stay solvent"
Which I take to mean it *could* continue to go up for the next decade while your dry powder gets positively desiccated.
|
|
|
04-30-2013, 05:10 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
|
I have never understood what this expression means. Would someone be kind enough to explain please ?
Quote:
Originally Posted by W2R
|
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
|
|
|
04-30-2013, 05:13 PM
|
#12
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Posts: 1,994
|
I don't know. Dr. Doom (Nouriel Robini) who called the financial crisis crash thinks stocks have room to run for the next two years. After that watch out. First time I think I have seen him be positive but of course he says it is the Fed. I am not one to fight the Fed and QE (what number are we on?). Oh that's right, it is into perpetuity, $85 billion a month until....
Dr. Doom Nouriel Roubini Thinks There Will Be a 'Party' for Asset Prices Over the Next Two Years - GuruFocus.com
|
|
|
04-30-2013, 05:21 PM
|
#13
|
Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,796
|
Quote:
Originally Posted by heeyy_joe
Pork bellies on sale!
|
I smell bacon......
Bacon, bacon,Bacon, BACON!!!!!!
|
|
|
04-30-2013, 07:05 PM
|
#14
|
Thinks s/he gets paid by the post
Join Date: Jun 2010
Posts: 2,301
|
Quote:
Originally Posted by sheehs1
I don't know. Dr. Doom (Nouriel Robini) who called the financial crisis crash thinks stocks have room to run for the next two years.
|
Is he supposed to be a good forecaster? All the articles I see online seem to show he is frequently quite wrong.
|
|
|
04-30-2013, 07:54 PM
|
#15
|
Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,586
|
|
|
|
04-30-2013, 08:52 PM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
|
Quote:
Originally Posted by obgyn65
I have never understood what this expression means. Would someone be kind enough to explain please ?
|
Even though for many people, the word "pig" may be completely synonymous for "hog", there is a general difference:
Quote:
The words "swine," "hogs," and "pigs" refer to animals of the porcine family or pig family. The term swine can also refer to the pig family in a general way, and "pig" can be used in referencing young animals. "Hog" will generally refer to animals at or nearing market weight or finished for market.
|
That would mean someone who is being a 'pig' is still being somewhat reasonable in their desire for more (capital gains), whereas a 'hog' is trying to get far fatter......and since farmers fatten up their livestock right before taking them to the slaughterhouse to maximize how much they weigh (and maximize how much they get for selling the animal), 'hog' is used more for when a pig is fattened up and who's imminent future includes being slaughtered.
So if you're being a 'hog' in trying to get every last cent in gains by letting it ride again and again despite already having pretty decent gains, you may be on the verge of getting slaughtered by a huge drop in price after the large run-up.
__________________
Dryer sheets Schmyer sheets
|
|
|
05-01-2013, 06:30 AM
|
#17
|
Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,796
|
Another similar investing truism-
No one ever lost $$ by taking a profit.
Many a nice gain has been lost by holding an investment too long & suffering a major downturn.
|
|
|
05-02-2013, 11:20 AM
|
#18
|
Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,782
|
Quote:
Originally Posted by ERhoosier
Another similar investing truism-
No one ever lost $$ by taking a profit.
Many a nice gain has been lost by holding an investment too long & suffering a major downturn.
|
Well, I went ahead and "pigged out". Since I have the time now to be a Capitalist Pig full time, I noticed that a stock I bought a long time ago had just about doubled in the last 4 years. So I moved a nice chunk of it into a "safer" bond fund. If the stock goes up from here, that's great. If it drops, I can say "whew, just got that profit in time!".
|
|
|
05-04-2013, 08:23 AM
|
#19
|
Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,796
|
Congrats.
I've also sold some stocks whose recent gains took them to valuations (PE, PS, etc) that I felt were too high by their historical standards. I sleep a bit better locking in some of those gains. While overall US market might have a bit more room to run, there are still the haunting memories of Nikkei 39,000 (1989, now ~13,000) or Nasdaq 5,400 (early 2000, now 3,300). Nothing says that stocks which run up must stay at those higher prices
|
|
|
05-04-2013, 08:49 AM
|
#20
|
gone traveling
Join Date: Jun 2012
Location: Austin
Posts: 245
|
I took the profits from my riskier investments this week and moved the proceeds to cash. I've now got about 90% historically stable funds and 10% cash so if there is a downturn I've got funding to make additional investments.
I certainly don't consider myself skilled enough to even consider timing the markets but I figured since I had very little in cash this would be a good time to establish a reserve.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|