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Message
re: Cashing out of stocks
Posted on 10/23/22 at 3:50 pm to TigerIron
Posted on 10/23/22 at 3:50 pm to TigerIron
I agree construction is a risk but It’s a 2 year project. I think a recession the next year could actually result in lower construction costs and the market likely improves in 2024-2025. The project is in a great part of Antwerp too so I don’t think the high end market there is going to totally tank. I’m more worried WW3 starts in Europe and I’m totally screwed. It’s a risk but this isn’t a huge investment for me. I appreciate the advice to think about though.
This post was edited on 10/23/22 at 3:51 pm
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Posted on 10/23/22 at 4:02 pm to Drizzt
quote:
The argument was I would miss out on markets going higher which was a possibility….but didn’t happen.
The top was 4 months later bro.
The point is your timing was significantly wrong and your thesis was even more wrong to a bizarre degree and you got terrible advice here but yet you are back for more right?
Most people in that thread and this thread are not saying the market isn't going down or going up, they are saying trying to time it with an all or nothing move is gambling and who cares if you're right or wrong especially without any proof, the thesis is what is important in these types of threads, which i notice you didnt even offer up this time, also if you just disclose the sell and not the buy back then it really doesnt mean anything.
Anyway, to get somewhat back on theme, what is your time frame for getting back in? Or are you never planning to get back in? Going to buy at the bottom? Selling everything isn't exactly a complete thought. If we revisit this thread in a year, how would you grade your trade? Usd vs sp500? Rent levels vs sp500? Not a trick question, just curious.
This post was edited on 10/23/22 at 4:27 pm
Posted on 10/23/22 at 4:43 pm to Pendulum
Bro, the top for the portfolio I am referencing was June 7, 2021 and then October 11, 2021. So your points are not correct for me. I don’t think any advice is terrible. It’s just data. I fully understand most people on here do not know more than me but you get an occasional nugget. Also, it’s a message board and I find it entertaining. I’m not coming here because I think Warren Buffett is posting.
Also I’m still in stocks completely for my retirement accounts. I do weekly contributions to one account, monthly to a 403b, and a yearly Roth back door conversion. I would never touch these. The account I’m selling is more of a working money account and entertainment. I’m just taking that money and letting it work somewhere else now. I guess you are right that I’m “gambling” with this money but I would say it’s educated gambling, more poker than slots. You can be sure that if we have a big market drop then I’ll find funds to invest again. I just don’t treat my non retirement money as buy and hold.
Also I’m still in stocks completely for my retirement accounts. I do weekly contributions to one account, monthly to a 403b, and a yearly Roth back door conversion. I would never touch these. The account I’m selling is more of a working money account and entertainment. I’m just taking that money and letting it work somewhere else now. I guess you are right that I’m “gambling” with this money but I would say it’s educated gambling, more poker than slots. You can be sure that if we have a big market drop then I’ll find funds to invest again. I just don’t treat my non retirement money as buy and hold.
This post was edited on 10/23/22 at 4:55 pm
Posted on 10/23/22 at 4:55 pm to Drizzt
Oh sorry. You specifically said markets in your post, not your portfolio, which would be a ridiculous historical metric to quote anyway but that's not stopping you. Anyway, without a thought of when you're getting back in market or the other side of your trade or your time frame, or a thesis on why the market is going to crash, there is no substance to this thread. Just selling everything, ill be back to tell you how great my trades after today were in a year.
Good luck.
Good luck.
This post was edited on 10/23/22 at 4:56 pm
Posted on 10/23/22 at 6:23 pm to Drizzt
Oh man. That is gonna hammer the global outlook. Be safe
Posted on 10/23/22 at 8:20 pm to fallguy_1978
I’ve bailed plenty of times before, but the mix I’m in now is just fine. I’m down from January highs, certainly, but the investments are solid and long.
Despite my post above, I’m certain I’ll need to cut losses on future investments, but that’s not the plan with what I’m holding.
Despite my post above, I’m certain I’ll need to cut losses on future investments, but that’s not the plan with what I’m holding.
Posted on 10/23/22 at 11:37 pm to Drizzt
What is your expected cash on cash return for the apartment deal?
Posted on 10/24/22 at 2:54 pm to euphemus
quote:
Yeah, sorry not buying it. Pics or didn't happen.
Some people were skeptical of a parabolic bull run and unlimited fed printing.
This is my IRA. Went mostly cash late last year except for some Chevron stock. Bought some puts. Started buying VTI at the beginning of summer, but still bearish and hedging with puts. Sold the rips, bought the dips. My VTI cost basis is now a hair over $180. I'll buy more with my cash when it does lower.
This post was edited on 10/24/22 at 3:02 pm
Posted on 10/24/22 at 3:40 pm to Drizzt
quote:
I fully understand most people on here do not know more than me but you get an occasional nugget.
Posted on 10/24/22 at 8:43 pm to soccerfüt
I just collect t 9 percent annually in dividends….never have to sell anything….will take as starting January and2/3rds of that will be reinvested.
I have had my share of losses… fortunately I made some timely real estate decisions
I have had my share of losses… fortunately I made some timely real estate decisions
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