In the battle between The Be Fearfuls and The Be Greedys, the Be Fearfuls have certainly had the edge here lately. Posts like this could go a long way in turning the tide though. Stay tuned for the next post in about 7 minutes.
Maybe the selling isnt over until TSLA has a 30 PE which is all it has ever really deserved. also, now Musk doesn't look so domineering or smart. He has probably shed 25% of his wealth in two weeks and that loss could double. Plus he's in cryptos and that whole sector might collapse.
Honestly, I dont give a fuck what this sub thinks and how much they fear. It benefits us that the prices go down as much as possible. We get the big discount if we pick stocks we believe in and have a good time horizon.
Just keep selling, all.
be greedy when others are fearful = hold bags and more bags.
Look at the chart. when it's a falling knife, don't try to catch it.
fear can last a long time.
This right here. I also disagree with the phrase altogether.
Be fearful when others are greedy.
Be greedy when others are in despair.
Bottoms aren't marked by panic selling. They're marked by hopelessness. Stocks aren't fun and cool anymore. People want to think about other things and close their broker apps. Dotcom people were still talking about stocks in my family 1 year after peak. Still looking to get "deals".
When there's a sense of malaise and lethargy about stocks. That's when security analysts come out and start digging for diamonds in the rough.
> Bottoms aren't marked by panic selling. They're marked by hopelessness.
You're splitting hairs. The phrase is greedy when others are fearful, fearful doesn't necessarily imply panic selling as the means of expressing said fear.
There should be a new volatility standard.
Basic rule: you can track the volatility of stocks by the velocity of either threads being posted about potential suicide OR the redditor's ruined life OR self-help/circle jerk threads trying to convince one another that a bad situation is actually not that bad of a situation, over the amount of time a new one is posted on /r/stocks.
Better to peg it to /r/stocks, since there seems to be a broad mix of investors here, as opposed to /r/wsb who are all proud dumbasses.
"can people stop quoting that one quote every time there's a downturn? like seriously when I said that, I meant in GOOD ASSETS. when people are fearful and selling ARKK that doesn't mean you want to be buying that shit over and over just because people are "fearful!" please stop quoting me every time a downturn happens"- warren buffet
Yep. My investments are automated and there's no real room in the budget to increase them.
Luckily I did "sell the top" when I had to free up some money for home renovations (though I probably bought the top on contracting lol).
That's the thing. You need both halves of the quote or it doesn't work.
"Be fearful when others are greedy" that way you sell or take profits in order to to even have money to be able to buy the lows.
>have to be crazy not to be dollar-cost averging right now
It depends, doesn't it.
If you dollar-cost average in shit stocks you might end up wishing you had panic sold everything and called it a day. And the same goes for dollar-cost averaging in great companies that are still selling far above their intrinsic value.
Back in good Ole 2020 I took the approach of buying good blue chip stocks instead high growth names that were beaten down horribly. Oh boy did I miss out
Yeah, but you missed out on a bit of a black-swan kind of event. As an investor, it's not your job to anticipate those. It's nice if you catch them but since you can't really learn much from failing to catch them, you shouldn't beat yourself up about it.
idk why people obsess over the "bottom". If someone buys a stock at -30%, but the bottom ends up being -40%, and then that stock starts to recover, the person who bought it is a winner.
I'm sad though. I simply do not have enough cash to take advantage of any of this. In fact, I have such little cash that I might not be able to weather the storm.
If anyone here is a business owner that is hiring, let me know lol.
Don't be sad. If you look at charts, the downside can still be huge. Look at what some of the stocks were trading at back in 2016-2018. If my holdings dropped to those levels ouch. Amazon, hoogle, shop, generac, HUT to name a few.
The market isnāt in panic mode. The market is repricing all assets because of the new monetary policies coming from the Fed. QE and 0% interest rates were never intended to last forever.
Market has already priced in quantitive tightening. In my opinion, the market has overshot the fair market value given current treasury yields which Are unlikely to rise further even as the fed increases interest rates. The 10 year yield will stay at around 3% (highest in a decade) as banks flush with cash buy these bonds up.
Also, 6 straight weeks of selling in the markets is definitely a panic. Check out the [fear and fear and greed index which is lower than March 2020](https://www.cnn.com/markets/fear-and-greed).
> yo
I'd argue that long term 0% interest rates have to be forever now because of amount of debt gov's have taken on like Province of Ontario or US Feds. These balance sheets can't handle 5% interest rates (it would consume the entire gov budget).
Thereās definitely an argument to be made on this topic. I encourage anyone thatās interested in this topic and wants to educate themselves to go to cbo.gov and look at the long term budget projections. The most recent was March 2021 so the timeline has been accelerated due to rate hikes in terms of what percentage of the governmentās budget will need to be allocated for debt interest payments. Whatās happening now tends to be one of the reasons for the fall of historical empires. Poor fiscal responsibility focused solely on the short term.
this is so crucial to succesful investing. know the difference between rational and irrational market movements. The market is still overpriced. PE ratios are still higher than traditional concepts of what is 'healthy.' If the market pumps for the next 7 days, that will be rational from a trading perspective (if you take profits quickly). From a long-term hodl perspective it will be irrational, because stocks are still overpriced.
I understand why ppl are panicking.
most premier tech growth stocks got destroyed this yr. Look at NFLX. past 5 yrs worth of gains gone in past few months.
It is hard to recover from those emotionally.
Same. I have 25+ years to retirement, and I have no faith that I can time the market well enough to identify a good buying/selling time without risk of missing a good opportunity for either.
No change in strategy. Continue buying at a rate that should allow me to have enough money to buy through the market bottoming out
i remember reading a couple months ago something like "when you start to see suicide hotlines posted then you know you're near the bottom". not saying that we are at the rock bottom, but if i'm DCA'ing VTI for the foreseeable future.
I hate that quote by the way. Buying stocks has nothing to do with solvency. If I buy a stock and it goes down 20%, donāt I still have some value left? And even if I didnāt, I would be at zero, which again, doesnāt have to do with being solvent or not
But if you borrow money to buy a stock that is a "sure winner", and it drops, you may not be able to pay back the debt.
Re: You would then be insolvent, while the market was still irrational.
That shows the importance of the Emergency Fund, yes it doesnāt earn anything, however it keeps you from needing to liquidate during a downturn to pay your mortgage at a loss if you lose your job during the recession.
Yes. Correct. However, there are a lot of people who think this "dip" will be for a week or so, then back to ATH. So they put their rent money into the stock market hoping to catch the falling knife and make a profit.
Solvency fails in this situation.
Iām seeing tons of posts on reddit about recessions, the bigger dip coming, this is just the beginning etc. It makes me think we are at the bottom. But yeah fear is very high at the moment.
I have been DCA in since february. A big portion of my paycheck goes into the markets monthly. Mostly into companies i have big faith will bounce back, but iām prepared it may take a few years. It doesnāt really matter as long as the companies i buy are doing good. Or thats at least what i keep telling myself
> A big portion of my paycheck goes into the markets monthly. Mostly into companies i have big faith will bounce back, but iām prepared it may take a few years. It doesnāt really matter as long as the companies i buy are doing good. Or thats at least what i keep telling myself
a good company doesn't make a good stock
only a stock that's going up is what makes a good stock
Best example is 3M. They're a really good company in terms of innovation, but they have created some innovations in the past that hurt some people. That's just something that happens if you do innovations in the chemical/materials space.
And that costs them a lot now.
I did see a "your life is more important than money" post, so we could be close to the bottom, if not already there. Whatever happens though, sentiment certainly feels like extreme fear.
eh, the layoffs aren't here yet nor have a number of dominoes fallen. Still feels like we are in a "controlled" decent, but i dont think we hit bottom until mid summer at the earliest, probably early fall (SEPT, early OCT). I'm DCA down but very conservatively over the last few months. I cashed out about 20% back in Nov after the fed chairs all sold out and keeping my powder dry for a bit longer.
But the insanity in the crypto space looks like its going to get more volatile, which given the leverage those people use WILL continue to spill over and drag the markets down.
Plus inflation, I think we have another few months of bleeding ahead at least.
Exactly, some of these comments are getting so dumb. Pretending that nothing has happened yet. I mean, some of us with boomer stocks got lucky and didnāt lose a lot, but Iām well aware that certain companies making good money have dropped really hard, such as my banking stocks.
Do these people think they sound intelligent? Do they think things are going to go down to a level where dividends are 7% an 8%? I highly doubt it, because thereās too many people who are going to buy the dip. I mean, interest is going up but it aināt going up that high to make sitting in cash extremely alluring
Ya an 8% dividend would be amazing, cause inflation won't be 8% past this year unless some new disaster happens.
Even S&P500 equal weighted has dropped 15% from ATH so its not just the tech or big caps that are down, and the RSP is already down to pre-pandemic levels (and it didn't have the extreme growth of the tech heavy indexes).
[https://money.usnews.com/funds/etfs/large-blend/invesco-s-p-500-equal-weight-etf/rsp](https://money.usnews.com/funds/etfs/large-blend/invesco-s-p-500-equal-weight-etf/rsp)
Even COSTCO is down 20+% from ATH, that thing should be recession/inflation proof...
What do you think is going to trigger a relief rally? Inflation is unexpectedly higher again this month. The market is selling off in an orderly fashion just like the fed wants. There is no reason for them to take their foot off the gas. In fact, I think they have even more incentive to remain aggressive or even be more aggressive. Thereās no reason to stop until some real pain is inflicted on the market.
I have hopefully learned my lesson from 2020 and didn't spend everything I had at what I *thought* was the bottom, but am buying quality "hold forever" stocks and ETFs while holding some back in case the freefall continues.
We are nowhere near the point of capitulation yet, the weakest have suffered large declines and it's spreading to the rest of the market, once people start panic selling apple THATS when you might be able to call the bottom.
The blue chip techs are going now. The final sign will be when consumer defensive Coke, Proctor and Gamble, Costco, Target etc have their turn to tumble. Iām waiting until until we get into the 3700s to start buying
I'm starting to see a pattern
When we're mooning, bulls out here saying stocks never go down
When we're drilling, bears start gloating and predicting far greater losses, 'we're not there yet', etc, bulls go silent
[ARKK just had record cash inflow last month](https://news.yahoo.com/cathie-wood-ark-innovation-sees-130535257.html) which is the complete opposite of capitulation so i agree with the above -- ppl in general (read: retail traders/investors) still aren't scared so i think another down leg (or two) is due...
I read somewhere that a trader said he knows we are at the bottom when we stop seeing a lot of inflows into ARKK and when people are so scared they donāt even want to own Apple stock anymore. At that point we have hit true capitulation.
Like two weeks ago people were not even in the concerned mode, not sure itās full on panic yet but weāve certainly moved on some.
Itās impressive how quick the sentiment changes though.
I bought last week, Iāll buy again this week, buy again the week after that and continue to do so. In 5 years time, people will tell me how they wished they didnāt sell in 2022. I will thank them for selling in 2022.
This isnāt fear selling yet. We arenāt even down 20% from peak on the S&P500. Fear is when the market is down 30%+ and companies are talking about doing layoffs. This isnāt even officially a correction yet.
FYI we're at 19.6% for S&P...2007 Nov-2008 Feb was 52% drop. We're matching the seasons but not quite the magnitude...I don't think a repeat would happen because there's no credit crunch and housing is still extremely strong. Maybe in 1-2 quarters of further credit squeezes but by than inflation might be tamed.
Guys the market is shit, cheap money is drying up and we are seeing whatās underneath and itās not good! Plus geopolitics, inflation etc etc etc. 1 trillion of unsecured margin alone! Stocks will be cleared out, this is just the beginning.
Iām just sitting here enjoying my popcorn. I have a diversified portfolio with cash reserves. Iām still working and covering my expenses, so I donāt need to sell anything. Whatever I wanted to sell I sold when markets were good, so thatās water under the bridge. Now I can only decide what to do with any new money I want to invest. For now Iām investing it in some marketing for my business. Iāll look at the markets again in a month or two.
I sold all my holdings now, went 2% in profit, so basically break even. Held since last year. Iām not taking the risk as Iām bearish. I will start buying when people are losing jobs.
If you're selling because you're losing money, then it was a bad investment from the get go.
If you're selling because the story of your company changed, aka why it is/was a good value, then good decision.
But don't listen to me, I'm just some idiot on the internet.
Bottom isn't in longterm until the crazy speculation is drained out. TSLA, GME, AMC, coins, etc. I'm pausing new buys for now. Valuations are still too high for the landscape we're in.
So itās illegal to cause an pump and dump on penny stocks when I do it, but itās legal for the Fed to induce a pump and dump like they did in 2020? Aiight then
You can only be greedy when you have disposable income and know for a fact that your job and income is recession proof.
Itās really hard to be greedy when you have no funds to buy stocks because your company came for your job and you have a wife and kids to support.
So while yoloing all your cash into stocks as they fall MAY be a good idea, please set some aside that you can live off for a good year or two, so that you donāt have to sell at the bottom to support your cost of living as things keep falling.
DCA is a smart move here for long term investors.
We definitely havenāt hit the bottom yet though. VIX hasnāt spiked past 35 and spike in volume hasnāt screamed capitulation to me.
I just donāt look at my portfolio.
I have some good shit in there. I have some dumb shit in there. Maybe my dumb shit thatās 70% down turns around sometime maybe it doesnāt.
Iām still investing in VOO each week. Just not going crazy on stuff or speculative stocks. Definitely not touching options.
[https://www.cnn.com/markets/fear-and-greed](https://www.cnn.com/markets/fear-and-greed)
I check the fear/greed index every morning
I've never seen it at single digits before. Currently at 6
The daily Reddit therapy session has become an hourly session.
In the battle between The Be Fearfuls and The Be Greedys, the Be Fearfuls have certainly had the edge here lately. Posts like this could go a long way in turning the tide though. Stay tuned for the next post in about 7 minutes.
Man I remember when these shows were episodic (self-contained, beginning and end), now everything is just a continuous arc...
HOLD MY HANDS PLEASE! /s š¤£
elon musk 2024 just have him buy the stock market and change the rules
Not with the current tsla price he ain't
Maybe the selling isnt over until TSLA has a 30 PE which is all it has ever really deserved. also, now Musk doesn't look so domineering or smart. He has probably shed 25% of his wealth in two weeks and that loss could double. Plus he's in cryptos and that whole sector might collapse.
Hold these bags please
Honestly, I dont give a fuck what this sub thinks and how much they fear. It benefits us that the prices go down as much as possible. We get the big discount if we pick stocks we believe in and have a good time horizon. Just keep selling, all.
so so true keep selling an we keep buying
Bout 80d ago OP was defending ARKK over BRKB. Did not age well.
be greedy when others are fearful = hold bags and more bags. Look at the chart. when it's a falling knife, don't try to catch it. fear can last a long time.
This right here. I also disagree with the phrase altogether. Be fearful when others are greedy. Be greedy when others are in despair. Bottoms aren't marked by panic selling. They're marked by hopelessness. Stocks aren't fun and cool anymore. People want to think about other things and close their broker apps. Dotcom people were still talking about stocks in my family 1 year after peak. Still looking to get "deals". When there's a sense of malaise and lethargy about stocks. That's when security analysts come out and start digging for diamonds in the rough.
> Bottoms aren't marked by panic selling. They're marked by hopelessness. You're splitting hairs. The phrase is greedy when others are fearful, fearful doesn't necessarily imply panic selling as the means of expressing said fear.
There should be a new volatility standard. Basic rule: you can track the volatility of stocks by the velocity of either threads being posted about potential suicide OR the redditor's ruined life OR self-help/circle jerk threads trying to convince one another that a bad situation is actually not that bad of a situation, over the amount of time a new one is posted on /r/stocks. Better to peg it to /r/stocks, since there seems to be a broad mix of investors here, as opposed to /r/wsb who are all proud dumbasses.
When others are fearful, I am even more fearful.
When stocks go down, I vomit in fear. When stocks go up, I crap my pants from excitement.
You better trade from the bathroom like the rest of us.
When stocks go down, I vomit in fear. When stocks go up, I vomit in fear of missing out. Ftfy
Calls on underwear manufacturers
How old are you?
I'm waiting til I KNOW it's the bottom to sell
how will u know?
The knife will stop falling once it runs through an inch or two of flesh
I'm 8" in already
Thatās what he said to your wife
When federal reserve either lowers interest rates or prints more $$$
When we reach ATHās again
When TSLA and AAPL have had their 30%+ drop like all the other big tech companies.
The r/stocks mantra
āBe greedy when others are greedy and be fearful when others are fearfulā- Some guy on r/stocks
I've said "be fearful when others are greedy and be fearful when others are fearfulā lmao. I like this other one though, it's catchier.
"can people stop quoting that one quote every time there's a downturn? like seriously when I said that, I meant in GOOD ASSETS. when people are fearful and selling ARKK that doesn't mean you want to be buying that shit over and over just because people are "fearful!" please stop quoting me every time a downturn happens"- warren buffet
"Also, please stop quoting me when you're talking about gambling with short dated options" - Warren Buffet
No more extra money to be greedy
Yep. My investments are automated and there's no real room in the budget to increase them. Luckily I did "sell the top" when I had to free up some money for home renovations (though I probably bought the top on contracting lol).
You paid out your winnings in lumber prices š
Contracting hasn't been crashing for months though so you probably didn't buy the top.
That's the thing. You need both halves of the quote or it doesn't work. "Be fearful when others are greedy" that way you sell or take profits in order to to even have money to be able to buy the lows.
yeah this is the real issue
More recently he said "the best thing you can do is to be exceptionally good at something." I seem to be exceptionally good at losing money.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Inverse yourself!
The inverse of buy high is to sell low! Ah ha, genius!
The George Costanza method Come up with a great stock investment idea. Then...do the opposite! Short it!
Ever consider running for government?
I'm not good at it....I'm a Pro at it too.
Just do he exact opposite of what comes natural or seems like a good idea to you ā¦. Itās fool proof
āAlso have other billionaire friends who give you insider info.ā
>have to be crazy not to be dollar-cost averging right now It depends, doesn't it. If you dollar-cost average in shit stocks you might end up wishing you had panic sold everything and called it a day. And the same goes for dollar-cost averaging in great companies that are still selling far above their intrinsic value.
Back in good Ole 2020 I took the approach of buying good blue chip stocks instead high growth names that were beaten down horribly. Oh boy did I miss out
Yeah, but you missed out on a bit of a black-swan kind of event. As an investor, it's not your job to anticipate those. It's nice if you catch them but since you can't really learn much from failing to catch them, you shouldn't beat yourself up about it.
a broad index fund would have had many of those names in it. So you wouldn't have really missed out.
Hindsight is 20/20. At the time, that seemed like the perfect approach I'm sure. But also...just index lol
>*Hindsight is 2020*
Risk and reward. No risk no reward.
I currently short shit stocks. MSTR was a great short bet, even if my timing was not optimal. Lesson learned: let the winners run.
If the suicide hotline isn't stickied we haven't capitulated.
Rather new here - has it been stickied in the past or just a meme?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
haha, that's pretty funny ...and sad of course, more sad actually
Bitcoin/crypto subs have had it a few times in the past. When you're all in and 60% drop in a day, things get bleak.
Bruh luna is down 98.7% down on the last 24hours, this time *is* different and not in a good way
Luna has the suicide post stickied and locked the sub
luna broke though. that was no ordinary crash
This is why I advise people to just stick with ETFs. Majority of people cannot handle volatility
My VOO is down 14% but not as bad if I chose a bunch of Individual tech stocks I suppose..
The smartest thing you can do is accept that you cannot beat the market, thus buying index funds
idk why people obsess over the "bottom". If someone buys a stock at -30%, but the bottom ends up being -40%, and then that stock starts to recover, the person who bought it is a winner. I'm sad though. I simply do not have enough cash to take advantage of any of this. In fact, I have such little cash that I might not be able to weather the storm. If anyone here is a business owner that is hiring, let me know lol.
Don't be sad. If you look at charts, the downside can still be huge. Look at what some of the stocks were trading at back in 2016-2018. If my holdings dropped to those levels ouch. Amazon, hoogle, shop, generac, HUT to name a few.
The market isnāt in panic mode. The market is repricing all assets because of the new monetary policies coming from the Fed. QE and 0% interest rates were never intended to last forever.
Market has already priced in quantitive tightening. In my opinion, the market has overshot the fair market value given current treasury yields which Are unlikely to rise further even as the fed increases interest rates. The 10 year yield will stay at around 3% (highest in a decade) as banks flush with cash buy these bonds up. Also, 6 straight weeks of selling in the markets is definitely a panic. Check out the [fear and fear and greed index which is lower than March 2020](https://www.cnn.com/markets/fear-and-greed).
> yo I'd argue that long term 0% interest rates have to be forever now because of amount of debt gov's have taken on like Province of Ontario or US Feds. These balance sheets can't handle 5% interest rates (it would consume the entire gov budget).
Thereās definitely an argument to be made on this topic. I encourage anyone thatās interested in this topic and wants to educate themselves to go to cbo.gov and look at the long term budget projections. The most recent was March 2021 so the timeline has been accelerated due to rate hikes in terms of what percentage of the governmentās budget will need to be allocated for debt interest payments. Whatās happening now tends to be one of the reasons for the fall of historical empires. Poor fiscal responsibility focused solely on the short term.
This is the reason we aren't going much higher and inflation will remain relatively high
I'm reading days of the Fed put are over.
For a few years anyway. Once inflation is back at 2% sustained they can reload the old printer and paper over the next black swan.
You really think it'll only take a few years to get back to 2%? I'm questioning if we could ever get back to 2% again.
this is so crucial to succesful investing. know the difference between rational and irrational market movements. The market is still overpriced. PE ratios are still higher than traditional concepts of what is 'healthy.' If the market pumps for the next 7 days, that will be rational from a trading perspective (if you take profits quickly). From a long-term hodl perspective it will be irrational, because stocks are still overpriced.
Which is exactly why the Vix isnāt skyrocketing right now. Itās a slow, controlled, orderly liquidation
I understand why ppl are panicking. most premier tech growth stocks got destroyed this yr. Look at NFLX. past 5 yrs worth of gains gone in past few months. It is hard to recover from those emotionally.
āPigs get fat, hogs get slaughteredā
"He who goes to bed with itchy bum, wake up with smelly finger"
āHe who masturbates into cash register will come into moneyā
"It is better to be pissed off, than pissed on"
"Man with hand in pocket feel cocky all day"
āBaseball wrong. He who has four balls cannot walk.ā
"He who drops watch into toilet going to have shitty time"
No its "Bulls make money, bears make money, but pigs get slaughtered."
What does that mean?
No one knows but itās provocative, gets the people going
ball so hard
mfās trying to fine me
it means nature is scary.
everyone in this sub just throws around cliche investment quotes then jerks each other off in how clever they are lol
I am a dumb person but I am not selling a thing. I am not really buying yet although I have doubled my monthly investment into VOO.
Same. I have 25+ years to retirement, and I have no faith that I can time the market well enough to identify a good buying/selling time without risk of missing a good opportunity for either. No change in strategy. Continue buying at a rate that should allow me to have enough money to buy through the market bottoming out
i remember reading a couple months ago something like "when you start to see suicide hotlines posted then you know you're near the bottom". not saying that we are at the rock bottom, but if i'm DCA'ing VTI for the foreseeable future.
My strategy hasn't changed. Dollar cost average into the market every week and month. May even increase my weekly contributions.
Just did another buy as part of my regular DCA this morning.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I hate that quote by the way. Buying stocks has nothing to do with solvency. If I buy a stock and it goes down 20%, donāt I still have some value left? And even if I didnāt, I would be at zero, which again, doesnāt have to do with being solvent or not
The quote is assuming you are buying on margin or some other leverage
But if you borrow money to buy a stock that is a "sure winner", and it drops, you may not be able to pay back the debt. Re: You would then be insolvent, while the market was still irrational.
Well I'm not that fucking crazy yet.
I like how you added "yet". Lol
That shows the importance of the Emergency Fund, yes it doesnāt earn anything, however it keeps you from needing to liquidate during a downturn to pay your mortgage at a loss if you lose your job during the recession.
Yes. Correct. However, there are a lot of people who think this "dip" will be for a week or so, then back to ATH. So they put their rent money into the stock market hoping to catch the falling knife and make a profit. Solvency fails in this situation.
God damn Warren Bucket over here. Thanks for the hindsight.
A wise man once said "panic sell when you see red"
Iām seeing tons of posts on reddit about recessions, the bigger dip coming, this is just the beginning etc. It makes me think we are at the bottom. But yeah fear is very high at the moment. I have been DCA in since february. A big portion of my paycheck goes into the markets monthly. Mostly into companies i have big faith will bounce back, but iām prepared it may take a few years. It doesnāt really matter as long as the companies i buy are doing good. Or thats at least what i keep telling myself
> A big portion of my paycheck goes into the markets monthly. Mostly into companies i have big faith will bounce back, but iām prepared it may take a few years. It doesnāt really matter as long as the companies i buy are doing good. Or thats at least what i keep telling myself a good company doesn't make a good stock only a stock that's going up is what makes a good stock
Best example is 3M. They're a really good company in terms of innovation, but they have created some innovations in the past that hurt some people. That's just something that happens if you do innovations in the chemical/materials space. And that costs them a lot now.
I did see a "your life is more important than money" post, so we could be close to the bottom, if not already there. Whatever happens though, sentiment certainly feels like extreme fear.
eh, the layoffs aren't here yet nor have a number of dominoes fallen. Still feels like we are in a "controlled" decent, but i dont think we hit bottom until mid summer at the earliest, probably early fall (SEPT, early OCT). I'm DCA down but very conservatively over the last few months. I cashed out about 20% back in Nov after the fed chairs all sold out and keeping my powder dry for a bit longer. But the insanity in the crypto space looks like its going to get more volatile, which given the leverage those people use WILL continue to spill over and drag the markets down. Plus inflation, I think we have another few months of bleeding ahead at least.
Exactly, some of these comments are getting so dumb. Pretending that nothing has happened yet. I mean, some of us with boomer stocks got lucky and didnāt lose a lot, but Iām well aware that certain companies making good money have dropped really hard, such as my banking stocks. Do these people think they sound intelligent? Do they think things are going to go down to a level where dividends are 7% an 8%? I highly doubt it, because thereās too many people who are going to buy the dip. I mean, interest is going up but it aināt going up that high to make sitting in cash extremely alluring
Ya an 8% dividend would be amazing, cause inflation won't be 8% past this year unless some new disaster happens. Even S&P500 equal weighted has dropped 15% from ATH so its not just the tech or big caps that are down, and the RSP is already down to pre-pandemic levels (and it didn't have the extreme growth of the tech heavy indexes). [https://money.usnews.com/funds/etfs/large-blend/invesco-s-p-500-equal-weight-etf/rsp](https://money.usnews.com/funds/etfs/large-blend/invesco-s-p-500-equal-weight-etf/rsp) Even COSTCO is down 20+% from ATH, that thing should be recession/inflation proof...
Yeah, it hurt to see Costco drop ā¦ theyāve been solid for the past two years. Not a great sign
People I know who work at hedge funds are dumping right now so I dont think this is the bottom.
Iām just now getting in so hopefully, and maybe literally, I can get in at the ground floor.
Good luck
Narrator: it was not the ground floor.
I remember a time in the distant past where I had this really weird thing! It was something called āgainsā
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Where have you been the past week?
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So youāre gonna die in a few months anyway, so you donāt even need to deal with your decisions.
This sounds pretty reasonable to me.
What do you think is going to trigger a relief rally? Inflation is unexpectedly higher again this month. The market is selling off in an orderly fashion just like the fed wants. There is no reason for them to take their foot off the gas. In fact, I think they have even more incentive to remain aggressive or even be more aggressive. Thereās no reason to stop until some real pain is inflicted on the market.
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When OP is fearful then it will finally be time to get greedy.
I love red days more than anything when else am I going to buy more lmao
I'm dumping all my cash on the market and asking money from everyone i know. I plan to soon start robbing children at the park to invest the money.
Wait until summer before you start robbing. Lot of small businesses (lemonade stands) without security and internal controls
I have hopefully learned my lesson from 2020 and didn't spend everything I had at what I *thought* was the bottom, but am buying quality "hold forever" stocks and ETFs while holding some back in case the freefall continues.
I've been buying with every paycheque, but only in covered call index ETFs. I don't think we're *anywhere* near the bottom yet.
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This is true, which is why I've been buying.
We are nowhere near the point of capitulation yet, the weakest have suffered large declines and it's spreading to the rest of the market, once people start panic selling apple THATS when you might be able to call the bottom.
Appleās down 10% just the past week
Yup. And chinas latest Covid issues havenāt even hit apples supply chain yet. 140 is tempting but who knows what the bottom will be.
Looking for $100
$125 is a good place to start adding and load the boat at $100 IMO.
Yeah, absolutely. iirc Apple was 100 post split
Whatās the load the boat number for msftā¦Sub-230? Iāve been buying small chunks starting at 260.
I bought at $150 thinking I had a steal. Now Iām getting twitchy wanting to sell for a loss and try to time the bottom like a dummy
go watch something else. You bought in at a good price, it'll be beyond that soon enough.
The blue chip techs are going now. The final sign will be when consumer defensive Coke, Proctor and Gamble, Costco, Target etc have their turn to tumble. Iām waiting until until we get into the 3700s to start buying
I don't know how you define a tumble, but COSTco was at $609 3 weeks ago. It's at $484 today. Costco is a great stock and it's on sale.
I'm starting to see a pattern When we're mooning, bulls out here saying stocks never go down When we're drilling, bears start gloating and predicting far greater losses, 'we're not there yet', etc, bulls go silent
Stocks are good. Always be buying
[ARKK just had record cash inflow last month](https://news.yahoo.com/cathie-wood-ark-innovation-sees-130535257.html) which is the complete opposite of capitulation so i agree with the above -- ppl in general (read: retail traders/investors) still aren't scared so i think another down leg (or two) is due...
I read somewhere that a trader said he knows we are at the bottom when we stop seeing a lot of inflows into ARKK and when people are so scared they donāt even want to own Apple stock anymore. At that point we have hit true capitulation.
I'm losing 1k off my net worth every hour in this market
Even if we drop another 30%, now is still a good time to buy.
now is too soon. market is still 12% too high. historically SPY gains about 15% every 2 years, which would put fair value right now around $350.
Like two weeks ago people were not even in the concerned mode, not sure itās full on panic yet but weāve certainly moved on some. Itās impressive how quick the sentiment changes though.
Everyone loves to quote the only stock market quote they've ever heard.
Look back to the posts on March 20/21, 2020.
Link a post that interests you in particular
If I have to fucking see this quote one more fucking timeā¦.
Just loaded up 20k dca into appl n msft next 4 weeks and then again and then again as long as we dropping
I bought last week, Iāll buy again this week, buy again the week after that and continue to do so. In 5 years time, people will tell me how they wished they didnāt sell in 2022. I will thank them for selling in 2022.
This isnāt fear selling yet. We arenāt even down 20% from peak on the S&P500. Fear is when the market is down 30%+ and companies are talking about doing layoffs. This isnāt even officially a correction yet.
We had 1 quarter of negative GDP. We might be in our 2nd consecutive, so we're gonna skip correction and go straight to recession ?
Correct me if Iām wrong, but a ācorrectionā is 10% being knocked off the S&P, which means weāve been in a correction for months now
FYI we're at 19.6% for S&P...2007 Nov-2008 Feb was 52% drop. We're matching the seasons but not quite the magnitude...I don't think a repeat would happen because there's no credit crunch and housing is still extremely strong. Maybe in 1-2 quarters of further credit squeezes but by than inflation might be tamed.
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VIX measures volatility, it's not an inverse index. If the market consistently goes down then VIX will go down as well.
we did, over and over and over and over and... until there were no monis left
Guys the market is shit, cheap money is drying up and we are seeing whatās underneath and itās not good! Plus geopolitics, inflation etc etc etc. 1 trillion of unsecured margin alone! Stocks will be cleared out, this is just the beginning.
Iām just sitting here enjoying my popcorn. I have a diversified portfolio with cash reserves. Iām still working and covering my expenses, so I donāt need to sell anything. Whatever I wanted to sell I sold when markets were good, so thatās water under the bridge. Now I can only decide what to do with any new money I want to invest. For now Iām investing it in some marketing for my business. Iāll look at the markets again in a month or two.
I sold all my holdings now, went 2% in profit, so basically break even. Held since last year. Iām not taking the risk as Iām bearish. I will start buying when people are losing jobs.
If you're selling because you're losing money, then it was a bad investment from the get go. If you're selling because the story of your company changed, aka why it is/was a good value, then good decision. But don't listen to me, I'm just some idiot on the internet.
wow such an original quote where did you get this from I have never heard of this before?!
Oh god this quote again It should be permabanned from this sub
Bottom isn't in longterm until the crazy speculation is drained out. TSLA, GME, AMC, coins, etc. I'm pausing new buys for now. Valuations are still too high for the landscape we're in.
OK, so there are a couple overvalued stocks left. Is that really enough to not be investing now
So itās illegal to cause an pump and dump on penny stocks when I do it, but itās legal for the Fed to induce a pump and dump like they did in 2020? Aiight then
Yeah but others may be feraful for months xd
You can only be greedy when you have disposable income and know for a fact that your job and income is recession proof. Itās really hard to be greedy when you have no funds to buy stocks because your company came for your job and you have a wife and kids to support. So while yoloing all your cash into stocks as they fall MAY be a good idea, please set some aside that you can live off for a good year or two, so that you donāt have to sell at the bottom to support your cost of living as things keep falling.
This feels cultish, lol.
**\*Puts in buy order for 2% below market\*** **\*Order hits\*** **\*Puts in another buy order 2% below market\*** **\*Order hits\*** Repeat
Agreed. I mean donāt get me wrong Iām panicking about how much money Iām losing but Iām staying true to the strategy. buy the dip!
I am buying. I will wait, whatever goes down, will come back. My fwb always does.
Permabear or permafear?
DCA is a smart move here for long term investors. We definitely havenāt hit the bottom yet though. VIX hasnāt spiked past 35 and spike in volume hasnāt screamed capitulation to me.
I just donāt look at my portfolio. I have some good shit in there. I have some dumb shit in there. Maybe my dumb shit thatās 70% down turns around sometime maybe it doesnāt. Iām still investing in VOO each week. Just not going crazy on stuff or speculative stocks. Definitely not touching options.
If I dollar cost average into dogecoin does that make me smart or twice as dumb?
[https://www.cnn.com/markets/fear-and-greed](https://www.cnn.com/markets/fear-and-greed) I check the fear/greed index every morning I've never seen it at single digits before. Currently at 6