Sell

[scaredyclassic]

[quote=Coronita][quote=scaredyclassic][quote=Coronita][quote=scaredyclassic][quote=Coronita]alright scaredy….Given that I’ve gotten beaten twice over the past 2 days over properties I wanted….

I bought EQR instead. Sorry, you know this means it’s going to start to correct now that I did that. Now you are really screwed…sorry.[/quote]

Dammit. The dumbest thing anyone can do is take investment advice from me.

I never offer people I know my thoughts for fear they might act on it and silently blame me later.

I thought you had more sense than to listen to me, flu.

I was thinking this is more like a 10 year buy and hold. It could easily sink 25 perc. By fall. I definitely wouldn’t hold money I needed soon in there.

Still, it doesn’t seem like the worst thing to hold.[/quote]

I’m up $250 for EQR today… Whohoo!

You know we’re in an stock market bubble when people are desperate enough and invest in something based on the whim of what gets posted on a blog….

Oh wait…..shet….

EQR Baby![/quote]

I don’t actually believe it’s a good idea. Just better than doing nothing.[/quote]

I think it’s a great idea. Certainly better than what I’m doing lol.[/quote]

I remember being young and seeing a copy of MONEY MAGAZINE on the rack and thinking, a whole magazine on money? What’s there to say?earn it, spend it, put some in the bank…

[Coronita]

.

[sdrealtor]

Still too soon?

[XBoxBoy]

This thread has been great for me. When this thread was posted, I was tempted, but didn’t sell anything. (instead I have continued my steady dribble of savings into the stock market)

This thread has confirmed for me:
1) that I should never take advice from people on the internet
2) that I am not a speculator, that for me the only viable strategy is buy and hold.
3) I am not able to time the market, not even close.

I need to see these sort of threads to be reminded of these things.

[sdrealtor]

Yup, net worth is up 60% since this post and increasing daily mostly through regular tried and true relatively conservative investments.

[scaredyclassic]

[quote=XBoxBoy]This thread has been great for me. When this thread was posted, I was tempted, but didn’t sell anything. (instead I have continued my steady dribble of savings into the stock market)

This thread has confirmed for me:
1) that I should never take advice from people on the internet
2) that I am not a speculator, that for me the only viable strategy is buy and hold.
3) I am not able to time the market, not even close.

I need to see these sort of threads to be reminded of these things.[/quote]

Agree x 10

[Reality]

[quote=scaredyclassic][quote=XBoxBoy]This thread has been great for me. When this thread was posted, I was tempted, but didn’t sell anything. (instead I have continued my steady dribble of savings into the stock market)

This thread has confirmed for me:
1) that I should never take advice from people on the internet
2) that I am not a speculator, that for me the only viable strategy is buy and hold.
3) I am not able to time the market, not even close.

I need to see these sort of threads to be reminded of these things.[/quote]

Agree x 10[/quote]

Agree x 10 with your agreement. Also I’ve learned:

The government can prop things up more than I thought possible. I thought they did a lot after the 2008 meltdown but that had almost no effect compared to what happened this time. Trillions can do that I guess.

And yes too soon.

[Coronita]

Yeah, well I was one of the people that actually took some money off to the side to be a little more cautious. But you know when I did that, it wasn’t significant enough to save my accounts when the markets declined…since when the markets declined the rest of my portfolio took a hit…at the same time, when the markets climbed fast, my portfolio didn’t climb as fast…Slow going up fastcoming down still…Story of my life….I should have just left things alone…

50-60% is impressive. I think my 1 year underperformed @ 27%

50-60% would have been nice. no early retirement for me…

[The-Shoveler]

I actually sold all stocks in February 2020 before the crash last year, but did not take advantage fully and buy in at bottom, ( I did go about 25% in at or near the bottom though), and the added anther 25% in a high dividend ETF later so probably got close to 50% (with market timing LOL, but it was mostly pure luck).

[sdrealtor]

[quote=Coronita]Yeah, well I was one of the people that actually took some money off to the side to be a little more cautious. But you know when I did that, it wasn’t significant enough to save my accounts when the markets declined…since when the markets declined the rest of my portfolio took a hit…at the same time, when the markets climbed fast, my portfolio didn’t climb as fast…Slow going up fastcoming down still…Story of my life….I should have just left things alone…

50-60% is impressive. I think my 1 year underperformed @ 27%

50-60% would have been nice. no early retirement for me…[/quote]

Im sure you did great. Part of that roughly 60% was leveraged real estate though it wasn’t highly leveraged. Someone highly leveraged on real estate would’ve done amazing also. I’m sure we know at least one or two of those also

[The-Shoveler]

I keep seeing article after article on yahoo saying “signs housing market is cooling”, then the next day I see another article that says “US home prices soar at record pace in June”

https://www.yahoo.com/news/us-home-prices-soar-record-130033292.html

[sdrealtor]

Both true. Those prices are a few months back. Lately it has cooled but that just means a few offers instead of a dozen. I’ll update my monitors later but it looks like we will chug along through the end of the year with a solid but calmer market but come Spring all bets are off again

FWIW threads like this remind me how impatient people are and ignore how powerful the passage of time is. The older I get the more I learn it may be the most powerful force of all

[an]

[quote=sdrealtor]Both true. Those prices are a few months back. Lately it has cooled but that just means a few offers instead of a dozen. I’ll update my monitors later but it looks like we will chug along through the end of the year with a solid but calmer market but come Spring all bets are off again

FWIW threads like this remind me how impatient people are and ignore how powerful the passage of time is. The older I get the more I learn it may be the most powerful force of all[/quote]
Yep, the passage of time and the power of compound interest is HUGE.

[The-Shoveler]

Memento mori,

The only problem I have with the passage of time LOL.

I keep hopping that issue gets solved.

But I kind of like Einstein’s block time where each instance in time exists eternally. so you kind of always existed/exist somewhere in block time.

[flyer]

So true, TS.

Our wealth, however great or small, is only of value while we’re living, and to pass it along. No question it does make life on earth more pleasant, but, THE END is never far away. Keeps it all in perspective.

[Author]

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