I think it hit 10% intraday . But it looks like there is a lot of money on the sidelines looking for buys.
In 1987 I was really into stocks. I was buying futures options on the S&P. Owned a lot of Japanese stocks. I thought I could sell them if the US market crashed first. Basically gambling. Was in Cancun when the crash happened. Came back and decided to stop wasting time on stocks and focus on RE. Worked out well.
My broker doubled my IRA money in 2000, then nearly lost it all.
Stocks are a hot mess as far as I am concerned.
Since 2001 my stock money is mainly in S&P index funds
Barely has beat inflation.
No DCA purchasing? Bought one-time and hold?
No fresh money in 17 years. But put $100k Cash in my brokerage last week. In case there is a correction. This maybe time to get back in.
Many sins.
Sin #1: buying futures and options. <-- Don’t ever buy futures nor options.
Sin #2: owning Japanese stocks <-- Have a “world” portfolio rather than just a couple hot countries.
Sin #3: decided to stop wasting time w/stocks <-- Should never leave the market altogether
Sin #4: your broker does things for you <-- Invest on your own; don’t rely on someone charging you fees
Sin #5: stocks are a hot mess <-- they are not; only your approach to stocks is
Sin #6: stock money mainly in S&P funds <-- mediocre portfolio yields mediocre results
I went through all the above sins like you did and learned to overcome them, thus becoming the stock investor I am today.
You and hanera really great to hold long time with many waves !
Just my 2 cents: Do not plunge your money immediately or rush when falling knife happens (this time). You need to wait until volatility is over. If correction, This run may go on for a month or more. If recession, this may go on many months 12- 18 months.
You have lot of concepts and experiences over the years. Read the 240 pages of “Margin of safety by Seth Klarmann” page by page and do not enter into stock market until you read the last page !
Once you are done (if you have patience to complete the book), you will get all those tricks Mr.Market plays.
Earnings news is really positive.
sp500 is green so far.
Having all your money in one stock is not investing. Hanera was just lucky.
I had fun with stocks in my 30s when losing was no big deal. But I make money in RE. Because of my structural engineering business I got to see thousands of projects. Developered a team of vendors and hundreds of connections. I was introduced to hundreds of deals the public never sees. I had a huge advantage. Didn’t need to learn all the stock knowledge that a few on here have.
Don’t need it. Like Ptieman I follow stocks for fun only. It is gambling to me.
I win every time buying my own properties. When I let other people control my money like stocks, hard money, syndicated deals, jvs, partnerships, the results are mixed.
I would rather be lucky than to be right ![]()
Actually, most successful investors concentrate very sharply, yes, 1 to a few stocks.
The one who advise diversification are usually financial advisors and academic.
OTOH, I did advocate diversification, just not stock picking of tons of stocks, S&P 500 index fund for most folks. Make sure you use DCA purchasing, not market timing purchases.
Tim Cook, Larry Page, Mark Zuckerberg… are million times smarter than me. Why not let them make money for me? I only need a fraction of a fraction of their pie. Guess is a good thing that I am stupid, so I have to rely on intelligent people like them to help me.
Everyday the talking heads on CNBC contradict themselves. Last month there were no bears. Yesterday no bulls. Free and greed. NYC is a circus. Stock advisors are clowns. But my favorite clown is Cramer.
Real Estate is my business. Stock investing is a hobby.
I don’t watch CNBC.
Smart man
We need to start a 24/7 real estate channel.
It would be super boring unless you have your wife on.
Too much expectation may lead to disappointment. Remember, beauty is in the eye of the beholder. Are you having a mid life itch? 第二春 ![]()
Yep
We need to hire the Foxnews babes.
Melania will need a new career after the impeachment
I have told my wife to go into RE agency with me. She can be the brains and I can be the beauty…


