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Words of wisdom from Buffet in these times:
Buffett’s reflection amplified one of his most famous bits of investing advice: “Be fearful when others are greedy, and be greedy when others are fearful.” So, hold on through thick and thin — and possibly even buy more stock at times when things look especially thin — and you’ll do just fine. That’s something to remember as markets tumble — something that very well might continue throughout 2019. As Buffett wrote last year, it’s always been a mistake to bet against America, and the future is likely to be brighter than the past: You need not be an economist to understand how well our system has worked. Just look around you. See the 75 million owner-occupied homes, the bountiful farmland, the 260 million vehicles, the hyper-productive factories, the great medical centers, the talent-filled universities, you name it – they all represent a net gain for Americans from the barren lands, primitive structures and meager output of 1776. |
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As long as the sec keeps rejecting Bitcoin ETF's, I don't think it has much future. If they approve one, I'll change my tune. |
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I am trying to learn more about normal investing & what to do with the money I sent to my Ally account, I am all ears if you wanna help a brother out with the traditional strategies. |
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start by saving some cash and buying the S&P index WHEN THE TIME IS RIGHT. buy regularly to build as your core holding so market timing doesn't kill you. start researching individual stocks to get the hang of that part of it. after you've build a core holding, then add some individuals you know something about. |
Buffet's Apple purchase is looking pretty bad right now. Saw somewhere he was down $19 billion now on it.
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Robinhood backs down on no fee checking accts with 3%
https://blog.robinhood.com/news/2018...m-our-founders |
I think buffet will be OK. FED will start loosening and cutting rates which will bounce the market, then dollar will weaken, inflation will hit and the market will crash. If he sells on the bounce he will do ok.
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The other thing in buffets favor is apples problem is that sales in China of the iPhone (20% of turnover) is radically down. This is exclusively due to trumps (easy to win) trade war, if a truce is called at the end of the month then apple will bounce big time. It's bit of a gamble, I don't see why China would give trump an easy ride when he has so much pressure being applied on all sides, but maybe he has an inside word.
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Apple's got more than one problem in China, there are several serious contenders that are just as good that cost 1/4 the new iphone does. Combine that with their cryptic earnings reporting people aren't sure what the hell is going on.
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Apple's innovation died with Steve Jobs. Tim cook sucks. They release new phones now with little to no improvement and raise the price. There is no growth left in first world countries, so the only thing left is China and other developing countries, which aren't going to be buying $1000 phones. The only thing keeping them going is their cult following. Most people I know that used to flip phones to upgrade to the newest release iphone no longer do it. A lot of people will argue that Samsung and other competitors make a better phone these days. The problem with high P/E growth stocks is once you grow to Apple's size, you can't sustain that kind of growth any longer to justify that high P/E.
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High PE at 11?
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Stock just took a 40% nose dive. I was referring to earlier in the year when Buffett was buying and talking about how it was a good buy then. P/E was 20-21 then. Also, Apple just cut earnings for next quarter, which will drive P/E up once those numbers are official.
I do agree with Ralph that trade war is hurting them more than other companies and it will rally if we get a deal |
Still, in the tech sector a PE of 20 is not particularly high....? Is it?
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I'll give you it isn't that high for a tech stock. It's higher than the s&p. Instead of calling it a high P/E stock, I should have pointed out that it is a high momentum stock subject to larger moves than the s&p.
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I don't like to give financial advise, but you might consider taking some profit, especially in banking stocks, if this happens. https://www.cnbc.com/2019/01/11/ocas...ll-street.html
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advise {advice} I can't think this early!!!
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It'll be interesting to see how this plays out for sure. Interestingly enough, the banks are in rally mode today, but keep an eye out for a possible big selloff in a few months as the big players may start to buy protection or even go short.
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Dow hits 25,000 today. Dow up 430 pts with companies reporting profits and fed chair stepping back on rate increases for the year, more companies reporting positive quarters after the bell, stocks should continue to rise tomorrow on good earnings report, even Tesla made profits for 2 consecutive quarters. All this with tariffs and trade wars, I think the Dow will hit 27,000 this year.
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I picked up another trust deed last week. $75K @9%, short term, 6 months. Its a flip property, buyer is my boss. Also dipped back into the stock market buying 2k shares of Blackstone (BK), super high dividend and selling options on it next week.
Facebook jumped today and after hours. Does anyone think google will do the same? |
Dow, down 300 pts. Buy?
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Ha, a better strategy in my experience would be to short the market any time I have decided it’s “a good time to buy. “ |
^^True that.
I closed another loan this week. $50K at 9%. 5 year balloon payment. Its a 2nd TD, loads of equity. The stock market could drop 20% next week and my mailbox still gets the same check on the 1st. Moved a big chunk out of the stock market to diversify. |
Once again stocks are at an all time high, at this time, once the DOW gets above 26k, it does Not stay there that long. Last December the DOW went down to 22.5k, so it could easily do that again. With the GDP going lower, lower housing starts, less vehicles sold, and retail down, I do not think the stocks are going higher at this time, so, when will it drop?
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And what will you buy when it falls? ROKU, AMZN, MSFT, NVDA, And why is Chipotle 655??? Maybe it's time to Short Chipotle?
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I am out of the market right now, going to Hawaii for a couple weeks and won't be trading any stocks, so the market might jump up to 27.000 now that I am out. I will get back into the market (just a little) when it drops back down to 25,000
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I didn't screw myself, Trump screwed me, like he screws everybody, the Trump administration knew they F'ed up on not paying enough taxes, after getting a tax cut, so they Increased the amount from 10% to 20% so I didn't have to pay the penalty after all! Go buy some stocks now Mark, DOW is at an all time high! ps. Trumps tax cuts couldn't buy one plane trip ticket, let alone four! |
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Too bad those math skills didn’t help you figure out your withholding amounts last year. Education doesn’t mean you’re smart. It means you’re educated. We all know people who are well educated, but still dumb as a box of rocks. A good example is your typical college professor. Highly educated and yet, still a liberal.
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Joe. Congrats on the kids. We have a couple of Ohio State engineers that I work with (one being a fairly recent grad) and they are top notch. |
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You can be a level 10 math wizard, but if you're adding up the wrong stuff, well... you're not gonna come close! post up the pulled pork rub mix! |
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You were right about the 27000... |
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Any predictions on when this bull will stumble? Gold and silver are on the move. Interest rates show some flight to quality has already taken place....
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Dollar cost averaging... Dollar cost averaging... Dollar cost averaging... |
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interesting response to a rate cut
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Market down, but HEMA up - w00t!
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Now, the DOW cannot stay above 28k, and one reason the DOW was up was because of hope for a Trade deal with China, that was scrapped this morning, Trump said, "In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right," He later said he had "no deadline" for a deal, repeating that "in some ways I think it is better to wait until after the election, if you want to know the truth."
How low can it go? |
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lol, Joe lives in a van down by the river
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just wish i'd gotten as much at $6 as I did later at $12 |
Coronavirus pushing things down. You guys getting in or holding off?
I have too much cash just sitting. |
Can’t decide where to park my billions. Such a huge problem.
https://images.app.goo.gl/RC8Se5qrjyREoXE86 |
My wife just met with some Chinese peeps to let them into a rental they rented for Chinese New Year. Didn’t know they were just arriving from China since it was their daughter who goes to a local university that rented it. Feeling a tad nervous now....... possible 14 day incubation period.... tick tock...:eek:
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Virus spreads, 49ers lose, election year - when to get in?
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CV spread taking its toll on supply chains/output.
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bottom of the CV dip or just the edge of the crater?
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I think there’s more to go. Correction was overdue and virus plus election will be a bumpy 6 mo. Great for those in accumulation mode!
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$30 a barrel oil. wow.
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Level 1 circuit breaker tripped for first time since 2008. Here we go!
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