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Stock market!!!!😯 #5374386 03/12/20 10:38 AM
Joined: Nov 2009
Posts: 5,881
M
motor_oil_madman Offline OP
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Joined: Nov 2009
Posts: 5,881
Omg!!! Obviously the best time to sell would have been like a month ago then get back in when it's at the bottom, but too late for that now. Am I the only one who believes to just ride it out and wait for it to turn around? Usually after a big downturn it rebounds a good bit past the previous high a year or two later. It doesn't make sense to sell now and lose all the shares. I actually went ahead and bought more, although I should have waited cause I didn't know I could have bought it much cheaper.


2007.5 dodge cummins 6.7 liter. Chevron Delo400 15w40. 7000 mile or 250-300hr intervals.

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374388 03/12/20 10:40 AM
Joined: Nov 2003
Posts: 1,650
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DriveHard Offline
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D
Joined: Nov 2003
Posts: 1,650
investing myself...I am a long way from retirement.


Smile, it increases your face value
2013 Fiat 500 Abarth mod heavy (my DD)
2018 Alfa Romeo Stelvio TI Sport (wife's)
2011 Silverado Crew Cab LT 6.2L/6spd (tow pig)
2007 Nissan Xterra (trail toy)
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374391 03/12/20 10:48 AM
Joined: Aug 2003
Posts: 2,698
wwillson Offline
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Buy low - Sell high. For goodness sake, don't sell now

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374392 03/12/20 10:48 AM
Joined: Mar 2004
Posts: 24,095
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Donald Offline
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Joined: Mar 2004
Posts: 24,095
Originally Posted by motor_oil_madman
Omg!!! Obviously the best time to sell would have been like a month ago then get back in when it's at the bottom, but too late for that now. Am I the only one who believes to just ride it out and wait for it to turn around? Usually after a big downturn it rebounds a good bit past the previous high a year or two later. It doesn't make sense to sell now and lose all the shares. I actually went ahead and bought more, although I should have waited cause I didn't know I could have bought it much cheaper.


no one can time the market except Kreskin.


2015 Ford F-250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Stock market!!!!😯 [Re: wwillson] #5374396 03/12/20 10:57 AM
Joined: Oct 2009
Posts: 6,129
JohnnyJohnson Offline
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Joined: Oct 2009
Posts: 6,129
Originally Posted by wwillson
Buy low - Sell high. For goodness sake, don't sell now


Heavens no don't sell now. I've been out a couple years now. Groping for the re-entry level well that's another thing. To many variables.


2004 Corolla 139618
Out: Havoline Pro DS 10w-30 Purolator PureOne 10-29-19 136457
In: Pennzoil Platinum HM 5W-20 ST 4386
2006 Duramax 77060
Out: T6 5W-40 XG9100 73909
In: Rotella Dino PH9100 11-3-19
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374398 03/12/20 11:08 AM
Joined: Apr 2010
Posts: 5,622
J
jeepman3071 Offline
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Joined: Apr 2010
Posts: 5,622
I think you meant to post this in General and Off topic...


1998 Jeep Wrangler Sahara 4.0L/5MT (156k) - PHM 10w30, Wix 51085
2009 BMW 328i N51 (60k) - Liqui Moly 5w40, MANN HU816X
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374404 03/12/20 11:15 AM
Joined: Oct 2018
Posts: 236
D
dadto2 Offline
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Joined: Oct 2018
Posts: 236
I'm not even looking at my portfolio. I haven't gained or lost a penny until I actually execute a sale. Doesn't make sense to do that now.

The only reason I can think of for selling now would be to execute a pre-planned shift from one stock to another, it could minimize the capital gains you'll pay for 2020. But that's still a gamble, and just deferring the capital gains until later when you could be in a lower tax bracket anyway. (Like after you retire)


'16 GMC Sierra 1500 Crew Cab 4.3
'15 Volvo S60 T5 AWD
'99 Volvo S70 2.4
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374408 03/12/20 11:17 AM
Joined: Oct 2014
Posts: 1,781
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Jimzz Offline
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Joined: Oct 2014
Posts: 1,781
I moved 90% to bonds. But those are now dropping. Even gold is down. Big players are taking their money out in full, liquid cash. Usually gold and even bonds to a lesser extend stay flat or go up. Not in this case. frown


yup
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374415 03/12/20 11:33 AM
Joined: May 2002
Posts: 3,028
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csandste Offline
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Joined: May 2002
Posts: 3,028
I went fairly heavily into bonds and cash in fall '18 which cost me a fair amount of gain in '19. Try not to look, but when I did to take my RMD--tried to stay neutral on investments so it was stock fund for stock fund, it looks like I'm still losing thirty or forty grand a day. Glad I got more conservative or it'd be sixty grand a day. Oh well, it's only paper gains or losses until you take it out.


2017 Kia Soul+ Valvoline Daily Protection 5w30+ a bit of Harvest King syn 5w30-- 75,000 miles
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374419 03/12/20 11:34 AM
Joined: Mar 2011
Posts: 1,462
S
SLO_Town Offline
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Posts: 1,462
IMO, this could possibly put us in a worldwide depression. There will be no “V bounce”. Stocks and the entire financial system could take DECADES to recover from this.

I hope I’m wrong.

Scott


03 BMW E46 330Ci ZSP (Euro Castrol 0W-30)
10 Honda Element SC (Castrol Magnatec 5W-30)
11 BMW E90 328i M-Sport (Pennzoil Euro 5W-40)
16 VW Passat VR6 3.6L SEL Premium (Euro Castrol 0W-40)
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374432 03/12/20 11:47 AM
Joined: Oct 2019
Posts: 108
S
STIcandy Offline
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Joined: Oct 2019
Posts: 108
I'm pulling from everywhere I can to buy more than my weekly allotted right now. You only take a beating if you sell now. But buy away!

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374443 03/12/20 12:03 PM
Joined: Oct 2012
Posts: 3,037
D
Danno Offline
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Joined: Oct 2012
Posts: 3,037
Been through dot.com, sub prime crash of 2009, now the corona scare.
I stayed invested through dot.com and 2009 crash and it worked out really well for folks that stayed invested in blue chips.

The things I try to do is to not lose your nerve, stop looking at your stock portfolio for a bit and let things play out.

Last edited by Danno; 03/12/20 12:04 PM.

2019 Jeep Grand Cherokee Summit 5.7L Hemi
2019 RAV4 Limited Hybrid
2016 Sorento SX V6 AWD
2010 Mazda 3 2.0L
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374446 03/12/20 12:07 PM
Joined: Aug 2011
Posts: 2,533
B
Blkstanger Offline
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Posts: 2,533
It's a panic low. Are you or anyone you know buying less now then you were a month ago? Unless you are invested in China sit tight.


99 Jeep WJ 4.7 200,000mi. Maxlife 10w30, Fram Ultra.
15 Ford Escape S 2.5, 75,000mi. Castrol Edge EP 5w30 Fram Ultra.
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374448 03/12/20 12:11 PM
Joined: Feb 2019
Posts: 726
R
Railrust Offline
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Joined: Feb 2019
Posts: 726
Honestly, I'd probably start buying now - take advantage of the situation - 20 years ago I bought Boeing stock two days after 911...wish I held on to it....paid $34 dollars a share...two months ago it was like $300. Boeing has gotten killed the past two weeks, same with airlines and cruise lines....might be time to buy and hold.


2018 Chevy Silverado 5.3
2007 Lexus LS460 (deceased)
2008 Honda CRV
(Whatever synthetic oil is on sale or rebate)
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5374467 03/12/20 12:32 PM
Joined: Sep 2012
Posts: 895
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NO2 Offline
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Joined: Sep 2012
Posts: 895
Time to buy soon

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