It crashed.

yep

bounced a bit today. made $96 or so and immediately stopped. Qs were a little too choppy for me

This post was edited by ChocolateCoveredGummyBears on Sep 25 2023 02:18pm

VUN - +25.89 (49.29%)past 5 years

VUN - +7.66 (10.83%)year to date

Crash when?

It crashed a little bit.

🧐

“The intelligent investor realizes that stocks become more risky, not less, as their prices rise—and less risky, not more, as their prices fall. The intelligent investor dreads a bull market, since it makes stocks more costly to buy. And conversely (so long as you keep enough cash on hand to meet your spending needs), you should welcome a bear market, since it puts stocks back on sale.

So take heart: The death of the bull market is not the bad news everyone believes it to be. Thanks to the decline in stock prices, now is a considerably safer—and saner—time to be building wealth. ”

Excerpt From
The Intelligent Investor
Benjamin Graham
https://books.apple.com/us/book/the-intelligent-investor/id6442887842
This material may be protected by copyright.

I am sure like many, this was the first book they ever looked at, related to investing that is. A classic.

I still have my hard copy, the 2009 revised edition, though.

This post was edited by SBD on Oct 16 2023 06:33pm

As a newer investor, I am enjoying reading it! Certainly helps to have a frame of mind for building wealth and this book helps in that manner. I was initially anxious about investing and the idea of a crash; not as much after reading this classic and thinking of a crash as more of an opportunity.

Any others you’d recommend?

This post was edited by WizardKiller on Oct 16 2023 06:46pm

There's The Little Book the Beats the Market but its going to be more technical in some ways as it delves into value investing. For the average person I don't even recommend value investing when generally time has proven indexing your money against a total US market or S&P 500 ETF is going to yield the best results. Doesn't mean you can't learn something from it though and just because what I think is best for an average person dosen't mean value investing isn't an avenue that you could beat the broader market with or at minimum be on par with or maybe it just meats your own personal risk threshold better. I certainly enjoy looking at value stocks.

Rich Dad Poor Dad is obviously also a classic but more focused on money, assets, liabilities etc.

Another value investing book is The Dhandho Investor.

This post was edited by SBD on Oct 16 2023 06:59pm

Thank you for the recommendations! I am always interested in learning more. I have recently been dabbling in short selling - seems a lot like gambling to me. Assuming options are the same, in the sense of gambling. Would "puts" be a sensible strategy in the event of a crash?

yeah but trading is weird because you don't know what happens next. so when you do buy a put when the market crashes, it could bounces right up and now your put is worthless or decayed by a good amount, you panic sell, etc

or, if you buy it before thinking that it will crash and the market doesn't, lol

This post was edited by ChocolateCoveredGummyBears on Oct 16 2023 08:25pm