Sell

[sdrealtor]

[quote=sdrealtor]San Diego predicted to be #1 RE market in the US in 2021. Congrats to escoguy for loading up the last few years. Likely the big winner here[/quote]

Not sure where I read it, but whoever predicted that was spot on. Currently running #2 to Phoenix and once stats catch up with the built in lag of a few months should be #1

[svelte]

[quote=sdrealtor]Is a year long enough?[/quote]

See his Nov 10, 2020 post.

He said by the end of 2021 or it probably won’t happen.

[sdrealtor]

That was revisionist history. He said sell now one year ago today in the clearest of terms

And Colombia appears to be on the brink of a civil war. All kidding aside I hope he’s ok

[sdrealtor]

Dupe

[Coronita]

YTD @ 9.13%… I’m about 60% cash, less than 10% tech. just moving in and out when the market swings a bit. I wish I didn’t sell my AMC at $15. I’ll never win quick money.

[scaredyclassic]

As they say, never predict the end of the world. If you’re wrong you look crazy, if you’re right, no one’s around to congratulate u .

Not sure how to rephrase that for market top calls

[Anonymous]

Well Dave was obviously wrong (or pre-mature) in his prediction. He miscalculated the willingness and ability of the Fed to buy literally everything in order to bail out and support the economy. What remains to be seen is how long they can keep up this charade.

[sdrealtor]

The passage of time. Keep it up long enough and it dissipates

[Reality]

[quote=sdrealtor]Is a year long enough?[/quote]

I can’t find any of your posts disagreeing with the OP at the time of the prediction, yet you continue to bring this thread up with “nah nah nah nah nah” type replies.

I’m not here to defend the OP but a year is certainly not long term. Nobody knows what will happen from here. The only thing I’m certain about is that selling today is better than selling a year ago but that means nothing about the future.

Can you take it as well as you can dish it out?

[Coronita]

.

[scaredyclassic]

The fed buys 750 billion in corporate debt to stop unruly market movement. How can one sell, or purport to time a sale, when the us gov will see your frothy market, and raise you two frothy markets?

[Coronita]

For me, I’m not fully disengaging from the markets. I’m just moving money around to buy hard assets because I like things that are tangible. I like property. I don’t really get stocks,bonds, indexes, and certainly can’t live in them. Also, I don’t care as much as if the value of the hard assets move up or down. What I care about is can each year, these assets generate a consistent return so that if I decide to quit my job or get fired or both, I continue to still have a steady stream.

Once I have a steady stream of income the replaces my engineering “salary”, I don’t care whether those assets go up and down as long as my annual income is roughly the same. I’m done at that point. Getting close. The thing I’m not convinced about high quality stocks that pay a dividend. is they are high quality…until they aren’t….Those banking on dividends from ATT were recently given a dose of reality ala dividend cut. so not exactly predictable.

[Anonymous]

[quote=Reality][quote=sdrealtor]Is a year long enough?[/quote]

I can’t find any of your posts disagreeing with the OP at the time of the prediction, yet you continue to bring this thread up with “nah nah nah nah nah” type replies.

I’m not here to defend the OP but a year is certainly not long term. Nobody knows what will happen from here. The only thing I’m certain about is that selling today is better than selling a year ago but that means nothing about the future.

Can you take it as well as you can dish it out?[/quote]

You mean like when he digged up a 15 year old thread just so he could crap on poway seller?

[Anonymous]

[quote=Coronita]For me, I’m not fully disengaging from the markets. I’m just moving money around to buy hard assets because I like things that are tangible. I like property. I don’t really get stocks,bonds, indexes, and certainly can’t live in them. Also, I don’t care as much as if the value of the hard assets move up or down. What I care about is can each year, these assets generate a consistent return so that if I decide to quit my job or get fired or both, I continue to still have a steady stream.

Once I have a steady stream of income the replaces my engineering “salary”, I don’t care whether those assets go up and down as long as my annual income is roughly the same. I’m done at that point. Getting close. The thing I’m not convinced about high quality stocks that pay a dividend. is they are high quality…until they aren’t….Those banking on dividends from ATT were recently given a dose of reality ala dividend cut. so not exactly predictable.[/quote]

You are definitely on the right track. And avoiding stocks is great for your mental health, stock market is nothing but a casino. I am curious though, when it comes to “retiring” from your engineering job, why do you feel you need to have enough rental income to fully replace your salary? From the way you talk you could live pretty well right now without the job, and if you later realized you needed/wanted more income, you could always go back to work.

[sdrealtor]

[quote=Coronita]For me, I’m not fully disengaging from the markets. I’m just moving money around to buy hard assets because I like things that are tangible. I like property. I don’t really get stocks,bonds, indexes, and certainly can’t live in them. Also, I don’t care as much as if the value of the hard assets move up or down. What I care about is can each year, these assets generate a consistent return so that if I decide to quit my job or get fired or both, I continue to still have a steady stream.

Once I have a steady stream of income the replaces my engineering “salary”, I don’t care whether those assets go up and down as long as my annual income is roughly the same. I’m done at that point. Getting close. The thing I’m not convinced about high quality stocks that pay a dividend. is they are high quality…until they aren’t….Those banking on dividends from ATT were recently given a dose of reality ala dividend cut. so not exactly predictable.[/quote]

I’ve spent the last 2 decades working to do the same albeit more towards dividend stocks. I think the key with those is a variety and looking for reasonable dividend rates. I hold some ATT but more of others which pay far less. In a conversation with a friend a few weeks who was high on ATT, I explained that 7% divended rates are not normal and usually a sign the dividend is at risk, the stock price is at risk or both. While cutting it in half would not make someone who bought it for a 7% return happy, cut it in half and it is then in the range of reasonable. Hopefully that would be used to pay down some of the debt burden that has held the stock price back. I invest for total return and from that view would be fine seeing it cut in half and growth restored.

[Author]

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