I am getting clobbered too. All my companies are profitable, paying dividends and doing great, but people are selling off as if we are gonna run out of air
REMINDER: THE ARENA PLATFORM, INC. has no obligation to monitor the Forums. However, THE ARENA PLATFORM, INC. reserves the right to review any materials submitted to or posted on the Forums, and remove, delete, redact or otherwise modify such materials, in its sole discretion and for any reason whatsoever, at any time and from time to time, without notice or further obligation to you. THE ARENA PLATFORM, INC. has no obligation to display or post any materials provided by you. THE ARENA PLATFORM, INC. reserves the right to disclose, at any time and from time to time, any information or materials that we deem necessary or appropriate to satisfy any applicable law, regulation, contract obligation, legal or dispute process or government request. Click on the following hyperlinks to further read the applicable Privacy Policy and Terms of Use.
I am getting clobbered too. All my companies are profitable, paying dividends and doing great, but people are selling off as if we are gonna run out of air
On the contrary, now someone is acting like you're buying a van to drive to Centro when we both know you're more likely to buy a G6.f$%k here I saw "AFOAF has replied to the stock market thread" and I thought here we go, homie's gonna light me up all over again for talking about the piece of Ireland I want to buy next year
All you need to be able to do is trace your grandparents back to home town they came from - Both sets of my grandparents were immigrants from IRELAND that came thru Elis Island - with the exception of my dads dad who grew up in an orphanage in London from the age of 2 came the US when he was 14 years olds as a stowaway on a steamer coming to the US - the original illegal immigrant.I thought I could get citizenship for a hot minute, but then I realized I was one generation off.
All you need to be able to do is trace your grandparents back to home town they came from - Both sets of my grandparents were immigrants that came thru Elis Island - with the exception of my dads dad who grew up in an orphanage in London from the age of 2 came the US when he was 14 years olds as a stowaway on a steamer coming to the US - the original illegal immigrant.
Has anyone that spends time on here bought the stock tip I gave?
"Has been one of the best stocks of 2022!"
I'm not saying it again. Just follow all the fools on here.
1 month history is flat for price, long term is good (dividend payouts nice too....I should have bought in the first decade of the 2000s:MCK, my gift to you!
Buffett is buyingThis one from 11/23?
1 month history is flat for price, long term is good (dividend payouts nice too....I should have bought in the first decade of the 2000s:View attachment 143508
Ok so I was slightly off on the fed rate hike - we got 50 vs 75 basis points. However - we now have indication from the fed for prolonged rate hikes - ask yourself - How long and high can it go? I would add that while the unemployment rate is very low - the real unemployment rate (those out of work and not looking) is beginning to separate - this is prior to an almost guaranteed round of global layoff Q1 2023. The blood bath has begun earlier that I expected as well - my thought was that we would make it through the holidays flat and layoffs in Q1 would drive the market lower. As I said earlier - I have been entirely in cash since Biden was elected - even my 401k. The sidelines feel pretty good right now.Historically - when the Fed is in an inflationary interest raising environment they tend to over do it and overshoot their goals leading to recession. which is why I think a protracted recession will last longer and cut deeper than you think - 18 to 24 months. Real estate is the first asset to be affected and we can already see the beginning of a historical housing crash - I think it will be worse than 2008. Housing values will drop 20 to 50% off its highs depending on the region of the county or world you live in and stock will follow suit. I expect another 75 basis point hike in January followed by another 75 basis point hike in March and a 50 basis point hike in June and a wait and see approach for September. In this environment sitting on the sidelines with cash and watching the blood bath is the best approach.
A map with Bangladesh and some other shitholes in a finance thread
Goes out to me?this one goes out to Casa:
Stop complaining, says billionaire investor Charlie Munger: 'Everybody's five times better off than they used to be'
The billionaire investor can't understand why people today aren't more content with what they have, especially after the struggles of previous generations.www.cnbc.com
Get out of everything! Cash is king for the next 18 months - Q1 and Q2 are going to be a disaster.Goes out to me?
I agree with him 100%.
Especially the part about envy being the motivation behind tax increases on the rich.
Anyhow, SARK paid a $13 dividend today then sold off - so it's a good time to get in because ARKK will be reaching new lows in the coming months.
This is probably the last chance for ARKK owners to get out, and maybe put their money somewhere where they can recoup their losses.
I'm short the S&P via SH and short ARKK via SARK.Get out of everything! Cash is king for the next 18 months - Q1 and Q2 are going to be a disaster.
Shorting the S&P is a good call - most investors are simply not that sophisticated. Keep the powder dry for future opportunities - many of my friends think we have already hit bottom and I'm like we are not even close the bottom yet. Average 401k's, retirement and stock portfolios are down 20-30% in 2022 (something I completely avoided) - I think there is the possibility for another 20-30% drop in equities in 2023. thats all I am saying. And don't get me started on real estate - 30 year fixed are at 7.5% now and will most likely go north of 10% and could get as high as 12% - at those rates there will be no buyers unless you are holding cash. During these times for me personally - I am happy to sit on the sidelines and wait.I'm short the S&P via SH and short ARKK via SARK.
Why would I abandon these positions?