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The wife had a bit of Apple stock that I sold at $205 for a nice gain. She asked me why I sold it and I apologized because it went higher of course. I explained I couldn't predict market prices and can't sell "at the top". Anyway, the "good news" is I got to tell her it had dropped well below $205. The bad news is I still own a chunk, though I paired it back a couple months ago around $190 or so.
Trying to stay level headed. This year has already been good for me, much better than expected, but I need good years to offset not so good years (which have not happened in a long long while, I think folks are getting the idea trees grow to the sky).
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Looks like another down day on the market at least to start.
I could not say if this is a major move south or just routine ups and downs of course, but I'm still nervous.
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I'm hoping for a bear market if not a bit of a crash. I'm out of balance out of equities and don't want to buy at the end of this long of an expansion. I want some bargains. C'mon people panic already.
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(08-07-2019, 09:33 AM)3rdgensooner Wrote: I'm hoping for a bear market if not a bit of a crash. I'm out of balance out of equities and don't want to buy at the end of this long of an expansion. I want some bargains. C'mon people panic already.
Probably gonna happen.  That is the way it works.
Make America Honest Again
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It's hard to predict. But, if it's true that expansions don't die a natural death, we are seeing some of the causes with the Trump trade war. Not getting why businesses aren't steering Mr. Trump away from that course, or at least trying.
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I'm kind of amazed how much I'm losing after selling so much earlier. I shouldn't be of course, but I thought I was more insulated to such sell offs. At some point it may be a buying opp, but I think not yet.
I still have a nice gain for the year even with pulling out what I need for expenses.
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if we keep predicting a down turn....at some point we will be right....
If you want to make money trading, develop tools and methods to help you manage risk, eg drawdown. Market Breadth is one tool... started deteriorating few weeks ago... more breakdowns than breakouts signaled to lighten up, get defensive, and prepare for buying opportunity. If you don't notice, you'll get get caught in the accelerated selling and when it's time to buy, most become defensive.
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08-07-2019, 01:11 PM
(This post was last modified: 08-07-2019, 01:23 PM by cincydawg.)
And already the NASDAQ turns positive.
Interest rates are really dropping, that isn't a good sign methinks.
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With interest rates dropping dramatically, stocks with decent dividends start to look more appealing especially if they are somewhat "defensive" (a term I don't care for much as very few stocks fare well in a bear market). I'm staying away from REITs.
Of course, you can get a decent dividend of say 2.5% a year and watch the stock drop 10% or more and not be happy.
I can't understand why PG is as high as it is. They are supposedly "defensive", 2.6% dividend, I guess that's it. Widows and orphans ... it's moved from $90 start of the year to $116. I have a few October puts on PG as "insurance" of a sort.