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Thread: Stock market advice

  1. #1
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    Stock market advice

    Hi Everyone, hope you all are well,

    I recently sold my house and have some money to 'buy and hold" in the stock market.

    which is the best way to go about this?

    I am thinking I should invest 5% in an s&P 500 index now (the market has fallen 30% off it's all time high) and then an additional 5% every month until the money is fully invested into the market (about 20 months total).

    of course, there is also the option of dumping it all into an S&P index when I feel I am getting a good bargain or maybe a combo of this and the aforementioned strategy?

    I realize Stock investing is not the same as my KO Blackjack. Sometimes, however there are some good advisors here

    thanks!

  2. #2


    2 out of 2 members found this post helpful. Did you find this post helpful? Yes | No
    Yours is a pretty sound plan, but you may want to keep your eye on the hoped-for recovery of the market, if we tame the virus, and get in on the turnaround, which again, hopefully, will not take 20 months.

    And be a little careful with starting right away today in the market; chances are that any money invested in today's market is going to go considerably lower before it turns around, so, if I were you, I'd be cautious and wait a while.

    Good luck to you!

    Don

  3. #3


    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Its going to get worse before getting better. Think another 20% down.
    https://www.ccn.com/dow-will-crash-t...e-2008-crisis/

  4. #4
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    Thanks Don! Thanks Midwest, that is a very interesting article. I always felt 2008 was going to be recreated.

  5. #5


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    Quote Originally Posted by Midwest Player View Post
    Its going to get worse before getting better. Think another 20% down.

    MWP, at least you don't have to worry too much considering that you also received good news and saved $30 today. Repeated again:

    "Laughlin's Riverside Casino Cancells All Their Charter Flights

    Boy, this is good news for me as I had an upcoming flight scheduled. I was planning on cancelling, but was going to wait until the last minute with hopes they may do something like this. Now I don't have to pay any cancellation fee, and I get my $30 deposit back. My trip was comped so even if I had to cancel I would only be out $50 in normal conditions."
    Last edited by BoSox; 03-17-2020 at 02:15 PM.

  6. #6


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    Quote Originally Posted by BoSox View Post
    MWP, at least you don't have to worry too much considering that you also received good news and saved $30 today. Repeated again:

    "Laughlin's Riverside Casino Cancells All Their Charter Flights

    Boy, this is good news for me as I had an upcoming flight scheduled. I was planning on cancelling, but was going to wait until the last minute with hopes they may do something like this. Now I don't have to pay any cancellation fee, and I get my $30 deposit back. My trip was comped so even if I had to cancel I would only be out $50 in normal conditions."
    BoSox, hope you are having better luck finding toilet paper. Here is a little story for you. I called around to see what stores had toilet paper and our usual store said they had quite a bit. Wife left to do her shopping about an hour later. There was only one large package of toilet paper left when she got there, and she grabbed it. When she got to the cashier, the cashier said did you know this package costs $25 (why the cashier would even say that I don't know). Anyway, my wife says that's too expensive and doesn't want it at that price. She comes home with no toilet paper.

    Damn, I was ready to kick her ass. Then she says well you said we are broke. Sending her out again to do more shopping tomorrow. Today, two of the three stores I called were out, but one has quite a bit left. They are now limiting customers to only one package per day, but we must have about 40 rolls left.

  7. #7


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    MWP, think contingency backup plan B if you run out of toilet paper, save the newspapers.

  8. #8


    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by DSchles View Post
    Yours is a pretty sound plan, but you may want to keep your eye on the hoped-for recovery of the market, if we tame the virus, and get in on the turnaround, which again, hopefully, will not take 20 months.

    And be a little careful with starting right away today in the market; chances are that any money invested in today's market is going to go considerably lower before it turns around, so, if I were you, I'd be cautious and wait a while.

    Good luck to you!

    Don
    The turnaround won't be overnight, either. So, don't get your hopes up.

  9. #9
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    thanks

    Quote Originally Posted by seriousplayer View Post
    The turnaround won't be overnight, either. So, don't get your hopes up.
    I think I will do something similar to the progressive betting strategy in blackjack.

    I have just set "limit buys" so the online broker invests 10% of the money if the market drops 40% from the mid february highs (it's presently down about 30%).

    If the market looks like it will drop to 50% off February, I will double-down and drop an additional 20%. Thus, I will have 30% of the money invested at an average of 46.67% below the february high.

    I realize the turnaround wont be overnight, I just hope to invest at a price that has value compared to mid february

  10. #10


    1 out of 1 members found this post helpful. Did you find this post helpful? Yes | No

  11. #11


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    You are not authorized to access this page.

    Schwab is okay. One thing I don't like about Schwab is that you can't invest in U.S Treasury securities, not even through a treasury fund. This forces you to use other brokerage services.
    Last edited by seriousplayer; 03-21-2020 at 08:32 AM.

  12. #12


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    Quote Originally Posted by seriousplayer View Post
    You are not authorized to access this page.

    Schwab is okay. One thing I don't like about Schwab is that you can't invest in U.S Treasury securities, not even through a treasury fund. This forces you to use other brokerage services.
    I think this is incorrect about Treasuries.
    https://www.schwab.com/public/schwab...ury_securities

  13. #13


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    Quote Originally Posted by BoSox View Post
    MWP, think contingency backup plan B if you run out of toilet paper, save the newspapers.
    BoSox, I don't have a newspaper in the house. I get the electronic version of my local newspaper on-line. One of the best things I did. Not only can I adjust the font size, but I can go back thirthy days and look at past newspapers. The on-line version looks like a regular newspaper and it is actually $20 cheaper than a physical newspaper.

    If I had a physical newspaper, I would have one more garbage bag to haul out each week. Each garbage bag costs $1 and I would double my chances of slipping on the snow and ice each week taking out the garbage. At least a $72 savings per year.

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