Trading account down -58% from ATH

[Tuga88]

Market is bad and I think it gets worse. Also don't expect any kind of huge rally for quite some time.

[GordonXXX]

update as of close today 5-9-22 -

[MinisterOfLust]

im so used to getting raped by the market i dont even care now

Das it.


We don't care no more

[Lefticle]

Das it.


We don't care no more

Definitely getting numb to it.

Gonna stack some cash and buy more once we start evening out.

[katya422]

This very solid, but very dated imo, advice is going to get soo many in my generation crushed down the road.

They’re going to trigger a collapse before 2040 I’m am 100% certain. It’s all going down for us.

LethalGainz posted this in another thread earlier-

Many index-fund holders will be disappointed if this comes to pass, of course, so Farrell encourages investors to add more active management to their portfolio. Said Farrell: “We’re going from a period where the best money was made being in an index fund to a period where you make money identifying the right individual stocks and sectors. I’d concentrate more on that.” (Rule No. 10: “Bull markets are more fun than bear markets.”)

https://www.marketwatch.com/story/th...ss-11652111307

[QisGQ]

YTD I'm -20.83%. Would be a lot better if I didn't have 25% in a leveraged 3x sp500 stock. That went from +40% to -22%. Haven't sold anything, gonna rideeeee it out.

Last summer I met with a financial advisor and they wanted me to move over $75k I had in cash to the market, I was like derp derp and only moved over $10k. Very happy about that. Also my savings account interest rate went from .4% to .6%. Yayyy lol.

[GODself]

I'm around 50% down aswell.

Would just be stupid selling now.


This is definitely a crash.

[GordonXXX]

LethalGainz posted this in another thread earlier-

Said Farrell: “We’re going from a period where the best money was made being in an index fund to a period where you make money identifying the right individual stocks and sectors. I’d concentrate more on that.”

https://www.marketwatch.com/story/th...ss-11652111307

this is such BS. index funds outperform in bull markets and they outperform even more so in bear markets. you or any fund manager are not going to suddenly become a better market timer or stock picker in a bear market. ludicrous.

[Muscle2021]

this is such BS. index funds outperform in bull markets and they outperform even more so in bear markets. you or any fund manager are not going to suddenly become a better market timer or stock picker in a bear market. ludicrous.

brads fund is up 8% YTD what do you have to say about that

[GordonXXX]

brads fund is up 8% YTD what do you have to say about that

https://money.cnn.com/2018/02/24/inv...bet/index.html

[OliverHeldens]

I'm up about $200,000 over the last 2 months. Because I sold everything and bought puts. Now I'm doing short term puts with smaller amounts of money to try to scalp. Then when we hit a bottom, I'm investing it all again.

[Destor]

Gordon is right in general and Buffett would say that a short focus is not conducive to long profits. Huge volumes of money moves around every day, todays winner is tomorrow’s loser, etc etc

[katya422]

this is such BS. index funds outperform in bull markets and they outperform even more so in bear markets. you or any fund manager are not going to suddenly become a better market timer or stock picker in a bear market. ludicrous.

I claim no such expertise. Just quoting this guy:

Bob Farrell, a 90-year-old retiree in Florida, is hardly a household name on Main Street. But on Wall Street, Farrell is an absolute legend.

To say that Farrell has seen it all is an understatement. He has witnessed every bull-, bubble- and bear market since 1957, when he joined Merrill Lynch as an analyst trainee and embarked on what became a 45-year career with the firm, including a quarter-century as its high-profile chief stock-market analyst.

In the April 27 webcast for Rosenberg Research clients, Farrell said he expects investors in U.S. stock indexes could be mauled with a 30% loss and that downward pressure on share prices could last through summer. He advises selling into rallies rather than buying dips, and otherwise sheltering in value stocks — specifically in the defense, cybersecurity, utilities and energy sectors, as well as owning gold GC00, -0.34% and income-generating master limited partnerships.

“We are in a bear market,” Farrell said. (Rule No. 8: “Bear markets have three stages — sharp down, reflexive rebound and a drawn-out fundamental downtrend.”) “Growth-tech is going out of favor; we’re gradually breaking down the big-cap stocks that have kept the S&P 500 SPX, -3.20% up. By the time this is over, it’s likely that they all go into a larger decline. If the S&P 500 comes down 30%, which I think is a possibility, then you’d be down to 3,460.”

[r32gojirra]

“I don’t know how much money I’ve got, but I said to the girl who runs the accountant’s office, ‘Give me a call when it’s time to f**kin’ curb my enthusiasm.’ Or as we say in England, ‘Give me a call when I’m down to my last four million.’” - Noel Gallagher - Oasis

Yes but he’s talking about real money - pounds sterling - not worthless American pesos

[DeadlyStriker]

Yes but he’s talking about real money - pounds sterling - not worthless American pesos

Couldn't imagine holding AUD.

[r32gojirra]

Couldn't imagine holding AUD.

Or any fiat tbh. But bidenbucks stand out as one of the worst

[GordonXXX]

Or any fiat tbh. But bidenbucks stand out as one of the worst

i don't take financial advice from f**king plumbers.

[r32gojirra]

i don't take financial advice from f**king plumbers.

It’s a shame because all the plumbers I’ve met make your “net worth” in a year

[Silencespeaks]

https://www.marketwatch.com/story/ma...?mod=home-page

The rise of options trading among average Americans during, and since, the pandemic has been hailed as a welcome introduction to markets for newbies.

It’s not. It has been an unmitigated disaster to the benefit of three firms and billions of dollars.

Coinciding with the mailing of stimulus payments in mid-2020, the smallest of options trades exploded relative to total volume. From 2002 to 2019, small traders made up about 15% to 20% of all option volume. From mid-2020 through today, that share has doubled.

During the bulk of this period, retail options traders lost $1.1 billion on their trades. That’s where part of the $817 billion in stimulus checks went — up in smoke in short-term call options.

[BlackHeart.au]

Anyone holding now when the global indices look like they're going into a bear cycle is playing with fire lol. The DOW will fall to 28000 points before any decent recovery.

[Azzurri]

LMAO me too.

Love this for me.

[GordonXXX]

My advice is - Allocate, buy, hold, rebalance, and stay the course.

“It was the best advice and the earliest advice. I was working at a brokerage house one summer while in college, and one of the guys who was another runner at the firm delivering securities said, “Let me tell you all you need to know about the investment business.” I said, “What’s that?” He said, “Nobody knows nuthin’.” That sounds cynical, but we don’t know what the markets hold, certainly not in the short run. We have no idea.” - John Bogle

[samsbolton]

Call me when I'm down to my last $2M.

barely get you an apartment in London or LA

better get back to work

[chino3]

HASH_BROWN pls respond.

[JayJ350]

It's the Biden boom baby! Keep voting democrat!

[MinisterOfLust]

It’s a shame because all the plumbers I’ve met make your “net worth” in a year

A lot of plumbers are millionaires or are you joking around?

[r32gojirra]

A lot of plumbers are millionaires or are you joking around?

Def srs

They get into the labour force as apprentices at 16

Fully qualified and doing jobs from 19

Smart ones get their builders license or start doing construction/hydraulics

BRB sole contractors accelerated writeoff on their $150k trucks

BRB warehousing profits at 30% in their companies

BRB cash jobs

BRB mates rates on all the other trades when building their houses

BRB pay zero tax on capital gains from their primary residence and concessional tax on any investment properties

BRB get their building licenses and pick up both the developer margin and the builders margin

BRB housing market of peace and prosperity

Yes somewhat jelly

[jeshelton]

It's the Biden boom baby! Keep voting democrat!

I just sent another 33 billion to UKR, we had it left over from all of the excess this year.

[IH8RICE]

This very solid, but very dated imo, advice is going to get soo many in my generation crushed down the road.

They’re going to trigger a collapse before 2040 I’m am 100% certain. It’s all going down for us.

Like they’re getting crushed now buying into meme stocks when the market couldn’t lose? Had they listened to the outdated advice, they’d only be down 10-20% rather than 50-60+.

You forget most people aren’t competent enough to read the signals or even understand the factors involved in investing. Most are best off DCA’ing into an index fund and forgetting about it until 5-10 years out of retirement.

[chino3]

On mobile can’t embed

https://imgur.com/a/wMPCva5