OT: stocks today

[spdrun]

Trump Dump?

Markets really love the guy, apparently.

I’m surprised they didn’t go down when he was elected and aren’t going up on his imminent impeachment.

[gzz]

I am well hedged, down 0.9% on a -1.8% SP500 day. My bonds and shorts did well.

I see rates are back at their post-election low and below the average for 2012-2015.

DC is starting to feel like a distant banana republic with no effect on California.

[Coronita]

Nasdaq 7 point from all time high.
S&P 500 within 1 point.
Dow back up over 21k

That didn’t take long. I guess Wall Street is use to Trump doing stupid things, lol.

[spdrun]

Till the next time. I suspect the real fun will begin if impeachment proceedings are initiated against Trump.

Congress going Democrat in ’18 after two years of Trump shenanigans might be a good starting point for interesting times.

[Coronita]

still waiting for that one time big crash in stocks and real estate to make you come out ahead versus everyone else? Lol.

[Anonymous]

[quote=flu]still waiting for that one time big crash in stocks and real estate to make you come out ahead versus everyone else? Lol.[/quote]

Assessing risk and planning accordingly is a good part of any investment approach.

But any strategy based fundamentally on waiting for disaster will not do well in the long term.

Few people have made any significant wealth by predicting economic crashes. Those that did made big bets and timed it very well. And it was a one-time windfall. However many, many people have grown wealthy by investing in long-term trends of growth.

“I told you so” about negative events doesn’t actually have as much financial value as many would like it to have.

[Coronita]

And during the last RE crash, exactly how many rentals were purchased, taking advantage of the economic calamity that others faced that apparently you didn’t?

[spdrun]

I took advantage as much as I could at the time.

Next time, I can take greater advantage since I have more means to do so.

[Coronita]

So in other words, your benefit from that psuedo economic collapse was a margin benefit at best and not something earth shattering that propelled you significantly much better off than everyone else.

Somehow, it appears a lot of the uber bears overestimate how much they can capitalize on a bear market. For starters most uber bears only recognize the down part of the economic markets and usually don’t end up buying in a significant way when things are already at rock bottom prices.

This is known as the “I’ll wait for an additional 50% off after prices have already fallen 30-40%…” Those folks missed the then boat, and will continue to miss the future boat.

Then there is the other thing …Reality is, despite how smart you think you are, there are lot more even-smarter money out there, with a lot larger money resource than you do. And while the majority of the population is arguable not that financially savy, there IS a good percentage of the tiny population that is…Some of them being corporate entities. That itself will limit what you can capitalize on.

So while you might score a good deal here and there, you are way overestimating how much better off you will be from this versus everyone else that is waiting to do the same thing…Some who have done this many more times than you have and have a lot more resources than you do.

That’s like saying, when the economy collapses…You can buy a limited production P-car or Lambo at 50% off… Uh, no…. There’s plenty of wealthy people that still will pay near full price for those limited production runs…

[spdrun]

Difference being, I’m looking for a very small piece of the pie, so it’s easier to steal it from under people’s noses.

I’m not looking to get rich, just to have all of my basic living expenses (housing, utilities, health insurance, food, medical, maybe car) paid by ATMs on the hoof (aka tenants).

Literally, I’m looking for 50-75k per year that I have to do minimum work for and not be beholden to a 8-6 job for. Beyond that, I have no interest in property — it’s not a means of growth for me, just a means to assure a basic level of subsistence, because I’m not creative enough to think of any other way of doing this.

[FlyerInHi]

I have a friend who retired early and suffered depression after the 2008 collapse. He lost a big chunk of money and became withdrawn and cheap, stopped joining friend to do things, etc… still has not recovered.

[FlyerInHi]

Spdrun, i understand what you’re saying. And I take it you don’t like the fast paced, competitive nature of our society. Growth, growth, growth means that people generally had to work, work, work to keep up.

But it’s not nice to wish collapse so you may pick up some properties and rest.

[spdrun]

Why should I be “nice” — what has it given anyone?

[FlyerInHi]

Wishing collapse is mean. It’s like you’re seing people enjoy themselves… you don’t want to join the party, but you hate the smugness and the inflation they cause.

If a collapse happens, sure, take advantage if you can. But don’t count on it. In the mean time, get on with the program and work like everyone else.

I do give you good points for honesty. Unlike some people you’re not preaching hardwork and capitalism, then get bitter when others do it better.

[spdrun]

Put it this way. This country has an economic crisis every decade or so. I’m mentally prepared for the next one, not afraid of it.

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