LETSGOBROWNIES Posted March 20, 2020 Share Posted March 20, 2020 Just now, TVScout said: I must emend my post. The USA went through a severe depression from Jan 1920 through July 1921. That downturn has been traditionally blamed on WW1. But the influenza epidemic raged from Jan 1918 to Dec 1920. I don't care what the economists claim. That cannot be a mere coincidence. Whether that pandemic had an effect on the economy or not, history shows the US economy made a very robust recovery. If this pandemic causes a depression I expect a very rapid recovery. That was before my time. @ET80, what do you remember? 2 Quote Link to comment Share on other sites More sharing options...
ET80 Posted March 20, 2020 Share Posted March 20, 2020 21 minutes ago, LETSGOBROWNIES said: That was before my time. @ET80, what do you remember? I was busy smoking opium in China back then... 1 Quote Link to comment Share on other sites More sharing options...
MacReady Posted March 20, 2020 Share Posted March 20, 2020 (edited) Why does nobody ever want to suggest stocks in the stock investment thread? Edit: That’s not a complaint of the opium jokes, I’m referring to why nobody seems to discuss which stocks they purchase. Edited March 20, 2020 by Outpost31 Quote Link to comment Share on other sites More sharing options...
Bonanza23 Posted March 20, 2020 Share Posted March 20, 2020 8 hours ago, mission27 said: Yesterdays close probably was the bottom, or no more than 5-10% away from the bottom IMO. I agree with TLO. Now is the time to get back into the markets. We are turning the corner. Margins are finally starting to come down for us “retail traders” 🤫 Quote Link to comment Share on other sites More sharing options...
Bonanza23 Posted March 20, 2020 Share Posted March 20, 2020 12 minutes ago, Outpost31 said: Why does nobody ever want to suggest stocks in the stock investment thread? Edit: That’s not a complaint of the opium jokes, I’m referring to why nobody seems to discuss which stocks they purchase. Because most people don’t know what they’re doing. Oh and if they do CFTC rules regulate they state it 😉 Quote Link to comment Share on other sites More sharing options...
MacReady Posted March 20, 2020 Share Posted March 20, 2020 (edited) 7 minutes ago, Bonanza23 said: Because most people don’t know what they’re doing. Oh and if they do CFTC rules regulate they state it 😉 Yeah but for the people who do know what they’re doing, too. If there’s anybody here who knows what they’re doing, I’d like to know what they’re doing. I’m a novice with a lot of expendable income (no kids lol). I’d like some advice for some of my bigger investments. Otherwise I’m just going with general novice level stuff. I’ve decided that the 20,000 I have in savings isn’t doing me any good and something closer to 5,000 in savings is a realistic amount to have in case of an emergency. I like to think I’m doing pretty good with my investments by doing it all myself, but as with everything in life I’m not afraid to admit I don’t know what I don’t know, especially if it can make me money. Edited March 20, 2020 by Outpost31 Quote Link to comment Share on other sites More sharing options...
mission27 Posted March 20, 2020 Share Posted March 20, 2020 Well, I think what Newsom just did, if it becomes a trend nationally, changes the picture If we are really going to accept an indefinite lockdown of the entire country and shutdown of industry we are dooming ourselves to another great depression and hard to like the market in that scenario at any price 1 Quote Link to comment Share on other sites More sharing options...
Bonanza23 Posted March 20, 2020 Share Posted March 20, 2020 14 minutes ago, Outpost31 said: Yeah but for the people who do know what they’re doing, too. If there’s anybody here who knows what they’re doing, I’d like to know what they’re doing. I’m a novice with a lot of expendable income (no kids lol). I’d like some advice for some of my bigger investments. Otherwise I’m just going with general novice level stuff. I’ve decided that the 20,000 I have in savings isn’t doing me any good and something closer to 5,000 in savings is a realistic amount to have in case of an emergency. I like to think I’m doing pretty good with my investments by doing it all myself, but as with everything in life I’m not afraid to admit I don’t know what I don’t know, especially if it can make me money. I’ll pm my account number. I’ll set you up. Quote Link to comment Share on other sites More sharing options...
TLO Posted March 20, 2020 Share Posted March 20, 2020 2 hours ago, Outpost31 said: Why does nobody ever want to suggest stocks in the stock investment thread? Edit: That’s not a complaint of the opium jokes, I’m referring to why nobody seems to discuss which stocks they purchase. I think most of us stick to sp500 ETFs and the like. 2 Quote Link to comment Share on other sites More sharing options...
N4L Posted March 20, 2020 Share Posted March 20, 2020 4 hours ago, Outpost31 said: Why does nobody ever want to suggest stocks in the stock investment thread? Edit: That’s not a complaint of the opium jokes, I’m referring to why nobody seems to discuss which stocks they purchase. I just bought a crapton of JPM. It's severely undervalued. Quote Link to comment Share on other sites More sharing options...
vikesfan89 Posted March 20, 2020 Share Posted March 20, 2020 8 hours ago, Outpost31 said: Yeah but for the people who do know what they’re doing, too. If there’s anybody here who knows what they’re doing, I’d like to know what they’re doing. I’m a novice with a lot of expendable income (no kids lol). I’d like some advice for some of my bigger investments. Otherwise I’m just going with general novice level stuff. I’ve decided that the 20,000 I have in savings isn’t doing me any good and something closer to 5,000 in savings is a realistic amount to have in case of an emergency. I like to think I’m doing pretty good with my investments by doing it all myself, but as with everything in life I’m not afraid to admit I don’t know what I don’t know, especially if it can make me money. That's a lot of money to lose. I'd be careful Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 20, 2020 Share Posted March 20, 2020 8 hours ago, mission27 said: Well, I think what Newsom just did, if it becomes a trend nationally, changes the picture If we are really going to accept an indefinite lockdown of the entire country and shutdown of industry we are dooming ourselves to another great depression and hard to like the market in that scenario at any price Oh so were not 5%off the bottom anymore? Huh Quote Link to comment Share on other sites More sharing options...
mistakey Posted March 20, 2020 Share Posted March 20, 2020 8 hours ago, Outpost31 said: Yeah but for the people who do know what they’re doing, too. If there’s anybody here who knows what they’re doing, I’d like to know what they’re doing. I’m a novice with a lot of expendable income (no kids lol). I’d like some advice for some of my bigger investments. Otherwise I’m just going with general novice level stuff. I’ve decided that the 20,000 I have in savings isn’t doing me any good and something closer to 5,000 in savings is a realistic amount to have in case of an emergency. I like to think I’m doing pretty good with my investments by doing it all myself, but as with everything in life I’m not afraid to admit I don’t know what I don’t know, especially if it can make me money. As wu tang said CASH RULES EVERYTHING AROUND ME Quote Link to comment Share on other sites More sharing options...
LETSGOBROWNIES Posted March 20, 2020 Share Posted March 20, 2020 7 hours ago, TLO said: I think most of us stick to sp500 ETFs and the like. Yeah this is my philosophy. Index funds, my company’s stock from their ESPP and a swing for the fences long term gamble a throw a few bucks into every now and then. I view that much like a lottery ticket, if it hits, wonderful. If not, it’s just been bucks here and there, nbd. 1 Quote Link to comment Share on other sites More sharing options...
Calvert28 Posted March 20, 2020 Share Posted March 20, 2020 11 hours ago, Outpost31 said: Why does nobody ever want to suggest stocks in the stock investment thread? Edit: That’s not a complaint of the opium jokes, I’m referring to why nobody seems to discuss which stocks they purchase. If your looking for high risk returns I would stick to Bitcoin in that regard. It's almost back up to to double of what anyone put in at 3800 where it hit a few days ago. Quote Link to comment Share on other sites More sharing options...
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