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Member
Posts: 92,890
Joined: Dec 31 2007
Gold: 2,299.94
Mar 18 2020 12:58pm
Quote (Brian_D @ Mar 18 2020 01:57pm)
Take fg? :thumbsup: I should have some more after the election.


i was serious about having silver, but not about selling lmao. i dont think this is gonna go sideways for real but if i need it i got it lol
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Mar 18 2020 01:02pm
Quote (Djunior @ 18 Mar 2020 14:57)
o_O

Crude oil down another 21%

Saudi’s cost basis is like $2 a barrel so it can keep going down technically..
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Mar 18 2020 02:19pm
Quote (obisent @ 18 Mar 2020 14:38)
Didn’t follow markets too closely, missed today’s short opportunity.

Bought some Boeing at $90 instead for long term hold, I’m sure it’ll drop more but Im starting to average in.



youre 12% up for the day lol
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Mar 19 2020 12:25pm
Quote (excellence @ Mar 18 2020 04:19pm)
youre 12% up for the day lol


A droplet of green against the red inferno that’s my 401k.
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Mar 19 2020 12:28pm
Quote (obisent @ Mar 19 2020 01:25pm)
A droplet of green against the red inferno that’s my 401k.


How old are you?
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Mar 19 2020 01:06pm
Quote (Thor123422 @ Mar 19 2020 02:28pm)
How old are you?


Young enough to see this as a buying opportunity (assuming I don’t get laid off), still rough taking substantial losses to your savings.
Member
Posts: 92,890
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Mar 19 2020 01:31pm
Quote (obisent @ Mar 19 2020 02:06pm)
Young enough to see this as a buying opportunity (assuming I don’t get laid off), still rough taking substantial losses to your savings.


if they do a 1k/person stimulus i think we'll see a LOT of people pump that directly into the market via their 401k's. not a lot by %, but a lot overall by number.

makes it kind of funny to read all the hysteria over stock buybacks when u think that many people will do the same on a personal level.
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Mar 19 2020 01:44pm
Quote (obisent @ Mar 19 2020 02:06pm)
Young enough to see this as a buying opportunity (assuming I don’t get laid off), still rough taking substantial losses to your savings.


If you're young enough that you're nowhere near pulling out from your 401k then you aren't actually losing anything in your 401k. Don't think of your 401k as a savings. The only important thing about your 401k is its value at retirement, right now its value is meaningless to you

This post was edited by Thor123422 on Mar 19 2020 01:44pm
Member
Posts: 92,890
Joined: Dec 31 2007
Gold: 2,299.94
Mar 19 2020 01:47pm
Quote (Thor123422 @ Mar 19 2020 02:44pm)
If you're young enough that you're nowhere near pulling out from your 401k then you aren't actually losing anything in your 401k. Don't think of your 401k as a savings. The only important thing about your 401k is its value at retirement, right now its value is meaningless to you


if you're reinvesting dividends it does hurt, even if you're young. but of course decreased buying prices offset that, and im sure in most cases its offset entirely and then some.
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