RobMc Posted February 18, 2021 Member ID: 25355 Group: **- Inactive Registered Users Followers: 31 Topic Count: 257 Topics Per Day: 0.10 Content Count: 5785 Content Per Day: 2.16 Reputation: 9114 Achievement Points: 63248 Solved Content: 0 Days Won: 132 Joined: 12/14/16 Status: Offline Last Seen: January 10 Birthday: 01/05/1954 Device: Windows Share Posted February 18, 2021 I know some of you dabble, but this is something I know absolutely nothing about, nor am I going to invest. Going on Youtube pushes things towards you and I've watched a whole raft of videos going back 2 years that have the same message 'The stock market is going to crash and we're headed for a recession'. Now any of you who know me know I'm not a lover of 'experts', and the market keeps rising along with gold etc. So do you think what they say is true?, problem seems greater in the USA than Europe (at the moment). I do not propose to understand what they are talking about, but perhaps you do, are we headed for a big recession or is it the usual doom and gloom, or somewhere between? TBB and baldie 2 Link to comment Share on other sites More sharing options...
Majbasil Posted February 18, 2021 Member ID: 6247 Group: ** Registered Users Followers: 22 Topic Count: 24 Topics Per Day: 0.01 Content Count: 648 Content Per Day: 0.16 Reputation: 832 Achievement Points: 5455 Solved Content: 0 Days Won: 0 Joined: 03/23/13 Status: Offline Last Seen: Yesterday at 12:55 PM Device: Windows Share Posted February 18, 2021 Well, I am a dabbler, was raised by a dad who invested, who was raised by an investor, I did genealogy, and oh my goodness, my family has been investing all along as far back as I can go into the 1700's in Europe. So OK my 2 cents. Start now, don't care how old or how poor one is, start now. Only have 10 cents, put 1 cent aside, in a piggy bank. Every day do that. Then, when the piggy bank is full, take it to the bank. When the bank account is say $1000 or more, invest in ( for the USA a ROTH IRA, best example for the beginner in the USA) something set up for retirement savings. Expenses come and go, this "piggy bank" is never, ever, ever to be spent. No you cannot go on that vacation or buy that new outfit or buy that dessert with that money. THAT MONEY IS YOUR FUTURE, YOUR SECURITY, YOUR PEACE OF MIND. OK now about the stock market crashing or what not... it does happen from time to time, you can study the history of ups and downs, they happen, it sucks, but they happen. Which is why you never, ever, ever need that "piggy bank". So, instead of worrying about the next crash, be like that turtle in the race with the rabbit, keep on walking, keep on investing up and downhill, keep on going. Where to invest for the beginner? For an American, I look at the S&P 500 - index fund is easy peasy as a start. Later on, you can get more creative and speculative with additional amounts, but the sound and true place to invest after all these years is an indexed fund by a great, reputable company like Vanguard for the top 500 companies. https://investor.vanguard.com/home here is info about the specific fund I recommend to the beginner --> https://investor.vanguard.com/mutual-funds/profile/VFINX DON"T WORRY, BE HAPPY, WEAR MASKS, don't spread the virus, that is the best way this go round to prevent global disaster "the likes of which the world has ever seen". Try to live below your income, bad times happen, be financially prepared for them. (Gee that sounds like a commercial.) baldie and RobMc 2 Link to comment Share on other sites More sharing options...
major-mark63 Posted February 18, 2021 Member ID: 23233 Group: *** Clan Members Followers: 21 Topic Count: 43 Topics Per Day: 0.01 Content Count: 2415 Content Per Day: 0.77 Reputation: 1899 Achievement Points: 19081 Solved Content: 0 Days Won: 7 Joined: 09/10/15 Status: Offline Last Seen: 5 hours ago Birthday: 08/11/1963 Device: Windows Share Posted February 18, 2021 Here in Canada investement is different, i personnality not investing all in the same bowl. i invest in diversified moderate risks funds . You not making a rush of profits but when it crashes down like beginning of pendemic you loose less too. But i all stand to how you can handle the risks. RobMc 1 Link to comment Share on other sites More sharing options... Awards
MikeB Posted February 18, 2021 Member ID: 59 Group: *** Clan Members Followers: 12 Topic Count: 137 Topics Per Day: 0.03 Content Count: 2109 Content Per Day: 0.39 Reputation: 2327 Achievement Points: 15107 Solved Content: 0 Days Won: 13 Joined: 09/01/09 Status: Offline Last Seen: Sunday at 01:42 PM Device: Windows Share Posted February 18, 2021 I too believe we are heading into another depression. The housing market is crazy here in the US (sellers market to the extreme). And those over-inflated prices are going to burst. Shit that should be in the $200,000 range is selling for $350,000. If the housing market "deflates", well so will the stock market drop. Lets hope we are wrong !! But... The writing is on the wall. Just a matter of when. And when the "housing" market pops, that is the best time to invest in real estate. The storm is coming, better be prepared. RobMc, Izumi and baldie 3 Link to comment Share on other sites More sharing options... Awards
Deckard Posted February 18, 2021 Member ID: 1417 Group: *** Clan Members Followers: 67 Topic Count: 3 Topics Per Day: 0.00 Content Count: 147 Content Per Day: 0.03 Reputation: 147 Achievement Points: 2116 Solved Content: 0 Days Won: 0 Joined: 05/15/10 Status: Offline Last Seen: 2 hours ago Birthday: 09/20/1965 Device: Windows Share Posted February 18, 2021 buy low....sell h i g h Wake Up , Time To Die TBB and Majbasil 2 Link to comment Share on other sites More sharing options... Awards
Timmah! Posted February 18, 2021 Member ID: 26443 Group: *** Clan Members Followers: 35 Topic Count: 467 Topics Per Day: 0.20 Content Count: 5954 Content Per Day: 2.52 Reputation: 10336 Achievement Points: 50942 Solved Content: 0 Days Won: 118 Joined: 11/01/17 Status: Online Last Seen: 12 minutes ago Birthday: 09/26/1971 Device: Android Share Posted February 18, 2021 (edited) Stock market, long term, out performs most any other investment vehicle. Mistake people make is pulling their money when things turn down. Just invest in good stocks & leave the money alone. A classic book on the subject, which I read many years ago is by Princeton economist Burton Malkiel: A Random Walk Down Wall Street. The premise of the book, supported by facts is that a monkey could throw darts at the stock page, invest in those stocks long-term & outperform most professional investment management firms. Quite a stark proof of his theory. So, invest in stocks & hold on to them long-term. The book: https://amzn.to/3ataLX3 Edited February 18, 2021 by Timmah! TBB and Majbasil 2 Link to comment Share on other sites More sharing options... Awards
Sammy Posted February 18, 2021 Member ID: 3036 Group: ***- Inactive Clan Members Followers: 31 Topic Count: 219 Topics Per Day: 0.05 Content Count: 9419 Content Per Day: 2.08 Reputation: 7515 Achievement Points: 62539 Solved Content: 0 Days Won: 21 Joined: 11/29/11 Status: Offline Last Seen: December 30, 2023 Birthday: 04/26/2008 Device: Windows Share Posted February 18, 2021 My financial advisor often says that the stock market is not for the feint of heart. Invest wisely, diversify, think long term, and do not panic. Things like performance or risk should be viewed in terms of decades not just a few years. major-mark63 1 Link to comment Share on other sites More sharing options... Awards
RobMc Posted February 18, 2021 Member ID: 25355 Group: **- Inactive Registered Users Followers: 31 Topic Count: 257 Topics Per Day: 0.10 Content Count: 5785 Content Per Day: 2.16 Reputation: 9114 Achievement Points: 63248 Solved Content: 0 Days Won: 132 Joined: 12/14/16 Status: Offline Last Seen: January 10 Birthday: 01/05/1954 Device: Windows Author Share Posted February 18, 2021 Thanks everyone for their comments, gratefully accepted, but the question was is there an imminent collapse due anytime similar to the Wall Street Crash, do you get any news over there that we don't? Link to comment Share on other sites More sharing options...
Timmah! Posted February 18, 2021 Member ID: 26443 Group: *** Clan Members Followers: 35 Topic Count: 467 Topics Per Day: 0.20 Content Count: 5954 Content Per Day: 2.52 Reputation: 10336 Achievement Points: 50942 Solved Content: 0 Days Won: 118 Joined: 11/01/17 Status: Online Last Seen: 12 minutes ago Birthday: 09/26/1971 Device: Android Share Posted February 18, 2021 The best that can be said is that the market is due for a correction. Asking a bunch of Idiots, much less actual experts to predict the timing of something that nobody can is well... beyond idiotic. RobMc and TBB 2 Link to comment Share on other sites More sharing options... Awards
TBB Posted February 18, 2021 Member ID: 989 Group: *** Clan Members Followers: 25 Topic Count: 263 Topics Per Day: 0.05 Content Count: 18102 Content Per Day: 3.47 Reputation: 20116 Achievement Points: 132670 Solved Content: 0 Days Won: 263 Joined: 01/07/10 Status: Offline Last Seen: 1 hour ago Birthday: 01/27/1946 Device: Windows Share Posted February 18, 2021 2 hours ago, Timmah! said: The best that can be said is that the market is due for a correction. Asking a bunch of Idiots, much less actual experts to predict the timing of something that nobody can is well... beyond idiotic. What Timmah is saying is correct - they "EXPERTS" don't know shit from shinola. Been investing with my IRAfor years. If you can go long you will make money. In the short run it is more of a gamble - the market is manipulated to a great extent - buy quality stocks (like Timmah's cooking service) and hold them. Timmah! 1 Link to comment Share on other sites More sharing options... Awards
RobMc Posted February 18, 2021 Member ID: 25355 Group: **- Inactive Registered Users Followers: 31 Topic Count: 257 Topics Per Day: 0.10 Content Count: 5785 Content Per Day: 2.16 Reputation: 9114 Achievement Points: 63248 Solved Content: 0 Days Won: 132 Joined: 12/14/16 Status: Offline Last Seen: January 10 Birthday: 01/05/1954 Device: Windows Author Share Posted February 18, 2021 8 minutes ago, TBB said: What Timmah is saying is correct - they "EXPERTS" don't know shit from shinola. Been investing with my IRAfor years. If you can go long you will make money. In the short run it is more of a gamble - the market is manipulated to a great extent - buy quality stocks (like Timmah's cooking service) and hold them. Bullshit, your 'shares' are still fitted to ploughs you old fart TBB 1 Link to comment Share on other sites More sharing options...
TBB Posted February 18, 2021 Member ID: 989 Group: *** Clan Members Followers: 25 Topic Count: 263 Topics Per Day: 0.05 Content Count: 18102 Content Per Day: 3.47 Reputation: 20116 Achievement Points: 132670 Solved Content: 0 Days Won: 263 Joined: 01/07/10 Status: Offline Last Seen: 1 hour ago Birthday: 01/27/1946 Device: Windows Share Posted February 18, 2021 1 minute ago, RobMc said: Bullshit, your 'shares' are still fitted to ploughs you old fart I still get ploughed more often than you - young fart baldie and RobMc 1 1 Link to comment Share on other sites More sharing options... Awards
RobMc Posted February 18, 2021 Member ID: 25355 Group: **- Inactive Registered Users Followers: 31 Topic Count: 257 Topics Per Day: 0.10 Content Count: 5785 Content Per Day: 2.16 Reputation: 9114 Achievement Points: 63248 Solved Content: 0 Days Won: 132 Joined: 12/14/16 Status: Offline Last Seen: January 10 Birthday: 01/05/1954 Device: Windows Author Share Posted February 18, 2021 1 minute ago, TBB said: I still get ploughed more often than you - young fart F....g Times Square gets ploughed more often than me TBB and baldie 2 Link to comment Share on other sites More sharing options...
MikeB Posted February 18, 2021 Member ID: 59 Group: *** Clan Members Followers: 12 Topic Count: 137 Topics Per Day: 0.03 Content Count: 2109 Content Per Day: 0.39 Reputation: 2327 Achievement Points: 15107 Solved Content: 0 Days Won: 13 Joined: 09/01/09 Status: Offline Last Seen: Sunday at 01:42 PM Device: Windows Share Posted February 18, 2021 3 hours ago, Timmah! said: Just invest in good stocks & leave the money alone. Yep !! A watched pot never boils !!! Link to comment Share on other sites More sharing options... Awards
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