have you parked your saving in cash to ride..

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oldncold
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have you parked your saving in cash to ride..

Post by oldncold »

have you decided to ride out the markets by calling your finacial advisor an converting equities to cold cash and await. markets stabilization post chrono virus. and the saudia's n Russian oil price war? today the dow. was 21000 in change. tsx 12400. down. 12percent vs tuesday.
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montado
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Re: have you parked your saving in cash to ride..

Post by montado »

time in the market beats timing the market. Who would be selling right now?

I don’t know, make a plan and just stick to it. Sounds like a very emotional decision to sell today and see things stabilized...

What does stabilizing look like... if things bounce back and go up 10 percent over 3 days to you buy back in? Then they take a dive 20 percent so you sell? I don’t try to make any sense of things, if I want to invest I throw in a fixed amount monthly and just buy, doesn’t matter if it’s an up or down day, week or month. The dollar cost average will reward me down the road and I can keep my sanity by never even putting much thought into investing.
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shimmydampner
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Re: have you parked your saving in cash to ride..

Post by shimmydampner »

You keep selling.
I'll be buying.
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oldncold
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Re: have you parked your saving in cash to ride..

Post by oldncold »

hmm let s rephrase /. say you put 50k in in a mutual fund in 2016. have rode the gains up till now. you convert to cash in a gic for a 6month or 1 year while market finds its new norm. you protect against loses in the bear type market and still have the liquidity when the turnaround happens.
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Pilotdaddy
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Re: have you parked your saving in cash to ride..

Post by Pilotdaddy »

oldncold wrote: Thu Mar 12, 2020 10:01 pm hmm let s rephrase /. say you put 50k in in a mutual fund in 2016. have rode the gains up till now. you convert to cash in a gic for a 6month or 1 year while market finds its new norm. you protect against loses in the bear type market and still have the liquidity when the turnaround happens.
This assumes that you know where the peak and the bottom is. You can get lucky and do just that, or you can get unlucky and panic sell... only to re-buy when the recovery has already passed.
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montado
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Re: have you parked your saving in cash to ride..

Post by montado »

Let's just say it proven buying and selling statistics show you are better doing nothing and riding it out. The only thing you would be selling is if you buy individual stocks and you have financial information that changes and makes it no longer an attractive investment.

If it's mutual funds no way would I touch it. If your horizon is over 5 years down the road to use this money just don't worry about it. If you want the money in 2 years, you should have never been investing as aggressive with it in the first place, should have had it in a gic to begin with.
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KissPlusOne
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Re: have you parked your saving in cash to ride..

Post by KissPlusOne »

These guys talking like they have enough money to invest 50k...
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shimmydampner
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Re: have you parked your saving in cash to ride..

Post by shimmydampner »

One of the benefits of not working for Jazz or Encore.
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montado
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Re: have you parked your saving in cash to ride..

Post by montado »

KissPlusOne wrote: Fri Mar 13, 2020 5:50 am These guys talking like they have enough money to invest 50k...
Does it matter how much you are investing?

If I had 20k to invest my strategy would be the same as 500k. Sounds like lots of people think of investing in an emotional way. As if having more money to invest changes things because you have more skin in the game.

Gains and losses don’t discriminate, they take an equal percentage from your investments whether it’s a couple thousand or a couple million.
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trey kule
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Re: have you parked your saving in cash to ride..

Post by trey kule »

One of the big issues is that those that bought on margin are getting margin calls and have no choice but to sell causing a quick drop and emotional panic.
When it all shakes out stocks will come back again. Some stocks up 10% today.
Folks that bought this morning and sold this afternoon would have done quite well
I expect those that ride it out will be fine in about 10 months.
Great traders will have sold and buy back in, even if the original sell was at a loss.
Not many retail investors that have the courage or ability to do that.
Every trade is not going to be a win. The pros understand that, and have the financial power to trade through it

Pension and insurance money is still poring in and it has to eventually go somewhere.

If you have time. Just relax.
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derateNO
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Re: have you parked your saving in cash to ride..

Post by derateNO »

If you think the ride up today was anything but a pump for shorts to cover, you are in for a wild awakening come Monday. Trump pumped the shit out of the market during his address for a reason.
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Eric Janson
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Re: have you parked your saving in cash to ride..

Post by Eric Janson »

I have minimal exposure to all of this.

Bought more Gold and Silver as soon as I heard about the Wuhan lockdown.

My strategy is survival - and protect what I have.
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Inverted2
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Re: have you parked your saving in cash to ride..

Post by Inverted2 »

Most of my money is in GICs. Doesn’t make much interest but doesn’t lose at least.
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rookiepilot
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Re: have you parked your saving in cash to ride..

Post by rookiepilot »

Buying inflation assets.
It's coming.
Energy, materials, infrastructure
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AirFrame
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Re: have you parked your saving in cash to ride..

Post by AirFrame »

If you'd sold two weeks ago and converted to cash, you'd be ahead now and could buy back in and be further ahead of doing nothing even if the market dips a little more before it recovers.

Alas, the only way to make money in the stock market reliably is to do your buying and selling two weeks ago.
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The Raven
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Re: have you parked your saving in cash to ride..

Post by The Raven »

Wow! What a great financial advice forum! Why didn't I come to this forum sooner? Getting financial advice from a bunch of pilots...what could go wrong?
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dialdriver
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Re: have you parked your saving in cash to ride..

Post by dialdriver »

Sold at the peak of the market. Have been expecting a downturn and figured this virus would be the catalyst.
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nottellin
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Re: have you parked your saving in cash to ride..

Post by nottellin »

The Raven wrote: Sat Mar 14, 2020 8:28 am Wow! What a great financial advice forum! Why didn't I come to this forum sooner? Getting financial advice from a bunch of pilots...what could go wrong?

What a jerk! 😅
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Pilotdaddy
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Re: have you parked your saving in cash to ride..

Post by Pilotdaddy »

dialdriver wrote: Sat Mar 14, 2020 9:01 am Sold at the peak of the market. Have been expecting a downturn and figured this virus would be the catalyst.
Nice! Now tell us where and when the bottom is coming...
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dialdriver
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Re: have you parked your saving in cash to ride..

Post by dialdriver »

Pilotdaddy wrote: Sat Mar 14, 2020 9:17 am
dialdriver wrote: Sat Mar 14, 2020 9:01 am Sold at the peak of the market. Have been expecting a downturn and figured this virus would be the catalyst.
Nice! Now tell us where and when the bottom is coming...
Trying to time the market usually results in below market returns, so I got lucky this time. I will be looking at getting back in when we see a period of stability.
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