Stock market advice
- Thread starter Dan in MI
- Start date
That's good advice. I usually call my dad and then do the opposite of what he does. 
Our all time high was about two days after January 20. We are just about back...inches away. I read where the V shaped recovery is the sharpest in history. The last great recovery was back in the 80's.
We thought about selling, but didn't. Glad we made that call. There is no way we would have timed the re-entry it happened so fast.
Our all time high was about two days after January 20. We are just about back...inches away. I read where the V shaped recovery is the sharpest in history. The last great recovery was back in the 80's.
We thought about selling, but didn't. Glad we made that call. There is no way we would have timed the re-entry it happened so fast.
For the most part, I just ignore it. I don’t want to look. It will either be there when I need it or won’t . They send me quarterly reports. I just glance at those.
crstrode
Blackhawk
The lowest day of the Dow was when we converted a bunch from an IRA to a Roth. We did the max that would still keep us out of a higher tax bracket. Saved us 10s of thousands in present and future taxes 
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Buy low, sell high…there’s nothing to it…
JackBull
Hunter
You had to sell your IRA funds first, right?The lowest day of the Dow was when we converted a bunch from an IRA to a Roth. We did the max to keep us out of a higher tax bracket. Saved us 10s of thousands in present and future taxes
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I just cruise and stay the course steady Eddie stay calm I still check every day
crstrode
Blackhawk
No.
It is called a conversion. If this term is unfamiliar to you, the best advice for you is to consult an investment advisor.
Good luck finding a good one.
OldWRXguy
Bearcat
We cut our stock position way back due to age in November. I did buy some Smith and Wesson stock.about 6 weeks ago. It is somewhat beat down and has a high dividend. I think S&P funds are.the best. Ours with Schwab. I really like our Schwab guy.
My gold has almost doubled since last March. Screw the stock market.
Do you have a safe low-fee way to sell it if needed?
How about no fee? I have people who will by at spot anytime. If I wanted to fool around I could go on e-bay. Those folks are SELLING- not asking- as high as 50% above spot or more right now. Faith in the dollar by the American consumer is fairly shot. Hence, the big spike in gold.. Try it small. Look at the price of just a gram on E-bay. Gold price per gram today is $103.60. Look what the selling prices are. I don't do E-bay, but could. As for fees, the major vendors like SD Bullion, JM Bullion, Money Metals, etc. are pillaging now. Used to be around 3%. Now they are matching E-bay.
JackBull
Hunter
I invest long term.
GasGuzzler
Hawkeye
It's eBay not E-bay. And it was asked if you had a no-fee way to sell. That's not eBay for sure. I sell stuff on there I got for free so the commission doesn't bother me but it ain't free.
Don't believe in it, why loan money to some big corporation that doesn't give a hoot about their workers and is all about keeping them down.
(Y'all don't know actually how hypocritical me saying that is.... come to hopefully next Fall's East coast Ruger Gathering and ask me why )
(Y'all don't know actually how hypocritical me saying that is.... come to hopefully next Fall's East coast Ruger Gathering and ask me why )
GasGuzzler
Hawkeye
Are you referring to Walmart? What a topic shift.
JackBull
Hunter
JackBull
Hunter
Those big corporations cared enough about me to return my "loan" with enough interest to allow me to retire very comfortably.
FWIW: Ive seen how much those workers don't care for the company that gives them a job, pension/401k, medical, education etc.
Blackhawk Convertable
Blackhawk
And it didn't do anything for the 14 years before that.
crstrode
Blackhawk
By converting the right portion of taxable IRAs to a non-taxable Roth at a low point in the market, your present tax burden is reduced, and future gains on your Roth investments are tax-exempt.
Engaging in a "buy high - sell low" strategy at an opportune time can mean big gains in value and lower taxes on required minimum distributions.
PS: A properly calibrated crystal ball may be required for success in this technique.
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That’s good for right now, with a stable economy. But if something happens and the economy tanks, will those buyers still want to buy?
Don't forget the third rule ( credited to Will Rogers)
Buy low, sell it when it goes up and if it doesn't go up don't buy it.
Boxhead
Buckeye
What percent is your net worth in gold?
Boxhead
Buckeye
What percent of your net worth is in gold?
This week has been very good! I was talking with some friends last week. The bought some NVDA, it started to go up, but then when it went down, they got scared and sold it. They didn't lose money, but didn't make any either.
Nvdia is now the world's most valuable company. Something like 3 trillion dollars and counting.
I don't personally know @Dan in MI but he's posted enough about the stock market, I can sort of guess his style. At least this last month or so has made up for the first half of the year! Any comment Dan in MI?
Nvdia is now the world's most valuable company. Something like 3 trillion dollars and counting.
I don't personally know @Dan in MI but he's posted enough about the stock market, I can sort of guess his style. At least this last month or so has made up for the first half of the year! Any comment Dan in MI?
I made good money this week kinda nice to know the money I took out the last 5 years is free money so far hope it keeps up
OP
Kevin nailed it. I'm not at home to give numbers but I am very near an all time (mid month) high after a BIG hit in Jan/Feb.
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Guns, ammo, and land. Everything else is just smoke in the wind.
The original cartoon isn't really complete. If you have spare money you should buy the dip. That is when the market is on sale!!
Me being out of work right now. I held tight with a little bit of panic at first. My last investment was in a savings type no risk deal incase I needed liquid assets to buy groceries.
Me being out of work right now. I held tight with a little bit of panic at first. My last investment was in a savings type no risk deal incase I needed liquid assets to buy groceries.
OP
December 2023 to today. This includes my annual living expenses taken out. (IOW - the numbers would be larger) And I don't move money willy nilly. This is probably the exact same portfolio from start to finish.
