"Investing" is now starting to feel a lot like going to the casino
This morning's futures went from -406 to -394! A positive trend, no?
The way I look at it is that in '08 my portfolio dropped almost a mil. This year, I'm flat YTD. Some years are just better/worse than others.
If you think the market is a casino, you're not playing the game correctly.
At least you have entertainment at the casino when you inevitably lose money.
No. It is starting to feel like the roller coaster it has always been."Investing" is now starting to feel a lot like going to the casino
The trend is your friend.
I invest based on market rhymes.
"Investing" is now starting to feel a lot like going to the casino
Investors appeared to worry that the Huawei news could set back talks between the U.S. and China over a trade dispute that has been simmering for months and has raised concerns about global economic growth.
One of my favorite Buffet quotations:It looks like it may be time to purge the Nervous Nellies , the Get-Rich-Quick Folks, and the Know-It-All Newbies from the ranks of stock investors. After nearly a decade long run-up, that may take some time. ...
On a serious note, I wonder how many readers of threads like this get a level of comfort knowing that they're not alone in 1) their concern and 2) holding the course.
I've learned a lot here in the past 10 years, but I know in '08 this forum gave me just a bit more confidence in staying put than I would have had otherwise.
A 5 percent drop over 2 days is far from rare.I'm feeling the EXACT same way.
Markets don't tend to drop 5-6% in 2 days (!) based on essentially no real "major" news. The fact this market has is 100% IMHO showing what a casino it has become, indeed.
I long for the "olden" days when buy and sell decisions were being made by real people trading on fundamentals, vs algorithms trading on whether the sun is in the third quadrant of jupiter, the S&P chart is showing a triple lutz inverted backflip pattern, some random politician in Washington tweeting that they are not ordering Chinese take-out for dinner today, or other such malarkey.
This ain't our father's stock market, that's for sure.
Yes. FAs are frequently bashed here, but the ones that keep their clients on course provide this same valuable service.... this forum gave me just a bit more confidence in staying put than I would have had otherwise.