Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
This Market Is Crazy - What do Y'all Think???
Old 09-02-2020, 12:06 PM   #1
Thinks s/he gets paid by the post
Golden sunsets's Avatar
 
Join Date: Jun 2013
Posts: 2,394
This Market Is Crazy - What do Y'all Think???

I mean..... As of 2 PM on 9/2, my investments are up mid five figures for the month of September and we only have 47% in Equities. I've blown past my goal for year end. Those who are fully invested, must be riding high!!!
__________________
"Luck favors the prepared mind"
Pasteur
Golden sunsets is offline   Reply With Quote
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!

Old 09-02-2020, 12:07 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,327
I think we are in the eye of the hurricane. But what do I know?
travelover is offline   Reply With Quote
Old 09-02-2020, 12:12 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
OldShooter's Avatar
 
Join Date: Mar 2017
Location: City
Posts: 8,711
I'll stick with the market prediction attributed to JP Morgan, which I have always found to be accurate: "It will fluctuate."
OldShooter is offline   Reply With Quote
Old 09-02-2020, 12:13 PM   #4
Thinks s/he gets paid by the post
corn18's Avatar
 
Join Date: Aug 2015
Posts: 1,883
Nobody knows nuthin'.
__________________
Consistently sets low goals and fails to achieve them.
corn18 is offline   Reply With Quote
Old 09-02-2020, 12:25 PM   #5
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 46,224
Me? I'm HAPPY!

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
W2R is online now   Reply With Quote
Old 09-02-2020, 12:31 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
bbbamI's Avatar
 
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,269
Quote:
Originally Posted by travelover View Post
I think we are in the eye of the hurricane. But what do I know?
Same here....

I adjusted our AA from 37% stock to 32%. Nice six figure chunk that was shoveled into the stable value fund. We'll see when/if the wind blows...
__________________
There's no need to complicate, our time is short..
bbbamI is offline   Reply With Quote
Old 09-02-2020, 12:48 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 10,690
Calm during the storm or not. We've spent some money this year and still have the same balances. I'm certain that will change.
MRG is offline   Reply With Quote
Old 09-02-2020, 12:49 PM   #8
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,456
See my sig line.
__________________
"My investing style is beauty-in-simplicity, set it and forget it with index funds, along with a little dabbling around the edges for fun and profit" credit to Markola.
frayne is offline   Reply With Quote
Old 09-02-2020, 01:14 PM   #9
Recycles dryer sheets
 
Join Date: Jan 2013
Posts: 248
I am constantly amazed, comforted and terrified all at the same time: there are very smart economists with decades of experience and solid backgrounds. Some say we're on the edge of a cliff, and some say that we have a rock solid future ahead. I generally have a very positive outlook - yes, we may take some hits, but it will always come back.
Unpaintedhuffhines is offline   Reply With Quote
Old 09-02-2020, 01:18 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 9,820
Quote:
Originally Posted by travelover View Post
I think we are in the eye of the hurricane. But what do I know?
So will we get the right side of the hurricane or left side?
__________________
TGIM
Dtail is offline   Reply With Quote
Old 09-02-2020, 01:20 PM   #11
Recycles dryer sheets
ducky911's Avatar
 
Join Date: May 2010
Posts: 473
Markets do be crazy.

I got invited 4 years ago, pre election, to a Schwab seminar that was going to prepare for moves before election. I'm a gullible sort so I didn't go. But have always wondered what was said. I stayed fully invested.

Truly believe there are No "experts"
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
ducky911 is offline   Reply With Quote
Old 09-02-2020, 01:27 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
target2019's Avatar
 
Join Date: Dec 2008
Location: Stuck in the mud somewhere in the NJ swamp
Posts: 8,380
Infinity and beyond!
target2019 is offline   Reply With Quote
Old 09-02-2020, 01:52 PM   #13
Recycles dryer sheets
Navigator's Avatar
 
Join Date: Feb 2014
Location: Little Rock
Posts: 228
Quote:
Originally Posted by Unpaintedhuffhines View Post
I am constantly amazed, comforted and terrified all at the same time: there are very smart economists with decades of experience and solid backgrounds. Some say we're on the edge of a cliff, and some say that we have a rock solid future ahead.
I guess that means we have a rock solid cliff ahead
Navigator is offline   Reply With Quote
Old 09-02-2020, 01:54 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 4,852
based on the price of OSB (now $30 a sheet, from $10 a sheet) I think the market still has a lot of room to run. We are entering high inflation and just don't realize it yet.
Fermion is offline   Reply With Quote
Old 09-02-2020, 01:55 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,327
Quote:
Originally Posted by Dtail View Post
So will we get the right side of the hurricane or left side?
Only your Edward Jones advisor knows for sure.
travelover is offline   Reply With Quote
Old 09-02-2020, 02:01 PM   #16
Thinks s/he gets paid by the post
GalaxyBoy's Avatar
 
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,467
Quote:
Originally Posted by W2R View Post
Me? I'm HAPPY!

That was close. I almost expected her to say ...

But seriously I agree. I’m 50% in equities and I keep thinking I should sell most of that and hold on tight to my gains but I swore on the Bogleheads to stay the course.
GalaxyBoy is offline   Reply With Quote
Old 09-02-2020, 02:02 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,592
Send a message via Skype™ to kcowan
My belief is that as long as The Fed supplies cheap money, depressing the returns of fixed income, equities are the only way to keep ahead of inflation. My main fund is with a discount broker and is 65% equities. I don't spend it so am able to tolerate a downdraft. I do spend the dividends.

The other two are retirement funds (much smaller), one is 85% the other 50% equities. They are always advising me to cut back and almost always been wrong.
__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Old 09-02-2020, 02:03 PM   #18
Thinks s/he gets paid by the post
Golden sunsets's Avatar
 
Join Date: Jun 2013
Posts: 2,394
I hope I'm wrong, but sometimes I think the higher you fly, the further you have to fall.

Meanwhile since posting this thread at 2PM, up yet again significantly, although it pulled back a little bit in the last minutes of trading. Profit taking, I imagine.
__________________
"Luck favors the prepared mind"
Pasteur
Golden sunsets is offline   Reply With Quote
Old 09-02-2020, 02:35 PM   #19
Thinks s/he gets paid by the post
euro's Avatar
 
Join Date: Oct 2015
Posts: 1,985
Quote:
Originally Posted by travelover View Post
I think we are in the eye of the hurricane. But what do I know?
I agree - no way the market will sustain this much destruction of many key industries in the long term. We ain't seen nothin' yet
euro is online now   Reply With Quote
Old 09-02-2020, 02:50 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2014
Posts: 5,903
Quote:
Originally Posted by travelover View Post
I think we are in the eye of the hurricane. But what do I know?
Yep. I'm up for the year despite having made my usual withdrawals, plus extra to replace my car. I pretty much stayed the course during the craziness but sold a few things less likely to profit form a recovery and bought others that would. I'd been at 70% equities, now at 60% and I'm more comfortable with that.

One advisor I know says he has clients in their mid-40s who sold it all in April. He's been trying to contact them about getting back in They won't return his calls.
athena53 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bat***t crazy or crazy like a fox? An evil fox. Mdlerth Other topics 18 09-23-2019 03:17 PM
Why do people think weíre/Iím crazy? Lol Huntnful Young Dreamers 149 05-13-2018 07:49 PM
I am crazy to think I can retire at 48? Gunslinger Hi, I am... 41 11-24-2014 03:23 PM
Am I crazy, or is this 'Financial Advisor' crazy? Coderguy Young Dreamers 26 06-08-2011 07:02 PM

» Quick Links

 
All times are GMT -6. The time now is 03:03 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.