GSUeagles14 Posted March 18, 2020 Share Posted March 18, 2020 4 minutes ago, LETSGOBROWNIES said: Nursing. But I also invest my money, so I’m an armchair expert obviously. On the surface it’s a fine time to buy when comparing to where the market was, but we’re just getting started with this. Wait for first and eventually second quarter earnings reports to come out, the inevitable loss of jobs, etc. and the general volatility of the market and it’s borderline irresponsible to advise an inexperienced investor to not only hop in the market, but also advise on a specific stock. Many more people will be laid off/fired as many companies won’t be able to weather the storm. Many will tighten their belt and downsize. That cash may very much be needed in the next 3-6 months for basic necessities. Keeping cash in hand until things stabilize and trend upward minimizes financial risk and still allows for plenty of money to be made long term. ok.... but i have plenty of money saved up, a good job for a large company in a industry where the impact will be minimal and I perform well in it. I dont fall in the category youre talking about, and theres plenty others in my same situation. Im just confused why its an awful time to buy, the market may (heck, prob will) go lower but it could be a marginal difference and every other day its rallying. I get certain people shouldnt buy, but if youre capable seems like a good idea if youre not going to miss the money invested for a year or two. Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted March 18, 2020 Share Posted March 18, 2020 7 minutes ago, GSUeagles14 said: ok.... but i have plenty of money saved up, a good job for a large company in a industry where the impact will be minimal and I perform well in it. I dont fall in the category youre talking about, and theres plenty others in my same situation. Im just confused why its an awful time to buy, the market may (heck, prob will) go lower but it could be a marginal difference and every other day its rallying. I get certain people shouldnt buy, but if youre capable seems like a good idea if youre not going to miss the money invested for a year or two. You’re in a unique situation then. Best of luck. I think it’s also optimistic this is just a year or two. The DOW took roughly 6 years to get back to where it was at its 2007 peak. Again, if you’re settled in and ready to ride that out and everything else is squared away, cool, but I’m also assuming you’re not a rookie investor (assumingly) like the fella who started this general discussion. Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, GSUeagles14 said: ok.... but i have plenty of money saved up, a good job for a large company in a industry where the impact will be minimal and I perform well in it. I dont fall in the category youre talking about, and theres plenty others in my same situation. Im just confused why its an awful time to buy, the market may (heck, prob will) go lower but it could be a marginal difference and every other day its rallying. I get certain people shouldnt buy, but if youre capable seems like a good idea if youre not going to miss the money invested for a year or two. then you shouldnt be buying 2 Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 2 hours ago, mission27 said: We arent at the bottom but we're a long way from the top now, no reason not to put some money to work if you find something yeah i guess if youre dollar cost averaging but i still think its dumb, why not just wait 2 weeks for the crescent of cases in america? Quote Link to comment Share on other sites More sharing options...
GSUeagles14 Posted March 18, 2020 Share Posted March 18, 2020 34 minutes ago, mistakey said: yeah i guess if youre dollar cost averaging but i still think its dumb, why not just wait 2 weeks for the crescent of cases in america? im pretty sure i should, and i suspect we'll have the same conversation i literally just had but id like to be wrong. why is it a bad time to buy for me? Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted March 18, 2020 Share Posted March 18, 2020 16 minutes ago, GSUeagles14 said: im pretty sure i should, and i suspect we'll have the same conversation i literally just had but id like to be wrong. why is it a bad time to buy for me? I think he’s saying there likely a better time to buy in the very near future. Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 27 minutes ago, GSUeagles14 said: im pretty sure i should, and i suspect we'll have the same conversation i literally just had but id like to be wrong. why is it a bad time to buy for me? wait for the death tolls to rise, and even better earnings statements for q1 its gonna be a bloodbath for american companies, unemployment rate is gonna skyrocket, and even unreleased reports from the govt show that his pandemic team thinks that it oculd last 18 mos with multiple peaks Quote Link to comment Share on other sites More sharing options...
GSUeagles14 Posted March 18, 2020 Share Posted March 18, 2020 17 minutes ago, LETSGOBROWNIES said: I think he’s saying there likely a better time to buy in the very near future. i get it, we dont know where the bottom is, but i knew going in that there was a chance the marlet would continue to lose. i gave up 10-15% in favor of locking in a price (on average). if things break right, i promise i wont be upset that i could have made another $400 or whatever. Quote Link to comment Share on other sites More sharing options...
GSUeagles14 Posted March 18, 2020 Share Posted March 18, 2020 8 minutes ago, mistakey said: wait for the death tolls to rise, and even better earnings statements for q1 its gonna be a bloodbath for american companies, unemployment rate is gonna skyrocket, and even unreleased reports from the govt show that his pandemic team thinks that it oculd last 18 mos with multiple peaks please show me the report that shows this is going to last 18 months. if you cant, ill disregard everything else you said,as evwryone else should. Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 12 minutes ago, GSUeagles14 said: please show me the report that shows this is going to last 18 months. if you cant, ill disregard everything else you said,as evwryone else should. https://www.nytimes.com/2020/03/17/us/politics/trump-coronavirus-plan.html Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 do you think i just make **** up? 1 Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 pray for remdesivir, chloroquine and a vaccine 1 Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted March 18, 2020 Share Posted March 18, 2020 For future reference, can confirm @mistakey is a big brain and comes equipped with links. 1 Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 18, 2020 Share Posted March 18, 2020 seems like gilead sciences is a good bet right now, they make remdesivir also they make truvada Quote Link to comment Share on other sites More sharing options...
GSUeagles14 Posted March 18, 2020 Share Posted March 18, 2020 19 minutes ago, mistakey said: https://www.nytimes.com/2020/03/17/us/politics/trump-coronavirus-plan.html well crap, thanks i guess? Quote Link to comment Share on other sites More sharing options...
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