DOW 20k!!! - the investing thread

Glad you didn't panic and made back some of our losses. Got any stock recommendations to take a look at that are currently on sale?

3 weeks ago I bought VTSAX for $60 (also some individual stocks CCL and NCLH because they were so cheap). It's up to $70 already. I wish I had more to put in. Of course I bought the majority of my VTSAX holdings when it was in the high 70s/low 80s lol. I wasnt expecting VTSAX to creep back up this quickly. Who knows what's going to happen with these unemployment numbers, earnings reports and running out of $ being pumped into the market. Up is down and down is up, very weird times.

We're just about finished our emergency fund so I moved it over to VMMXX (Vanguard Prime Money Market) to keep it separated from the general settlement fund.

 

Don't get me started on this!

The SBA $ package was designed to be looted by the usual suspects before the avg small business owner had a shot. I know several small business owners, including myself, who haven't had any updates on the program and our paperwork was filed 3-4 weeks ago at this point.

 

In a couple weeks, (i believe), this will all just be a bad memory. People will go back to work just ss fast as they were laid off. It might take a couple months to get back up to speed (bills paid), but this economy will come back...
Also, (i believe), America has been "woke" to the evils china has been unleashing on the entire planet. Manufacturing is coming back to America. At least if the current president has anything to do with it.

This is the greatest/strongest country in the world. It won't be held down.

 

I'm no longer convinced that metals are the way to go. Silver is only worth 50% of what it was 8-10 years ago (When i started buying it). Gold may be better but over the years it has certainly not been a "money maker" as far as investing goes.

Let me ask all you investor types.
If the market actually crashes, or the end of the world comes, what will metal be good for? If paper money is no good, are my metals any better? You can't eat it...
I've lost plenty of money on silver. Educate me, please.

 

I'm getting ready to jump back in the market...should have done it 2 weeks ago, but shame on me, I didn't have my ducks in a row and ready to go at a moments notice...really didn't expect things to bounce back this quickly though.
Not sure if I want to put in a portion now, and a portion later, or just go for it...this being an election year on top of everything else, I find it hard to believe that things are just going to go right back up and stay there...

 

Why?
There have always been hills and valleys in the market.
The way i see it, this down turn is still better than the whole term of the last administration....by a few thousand points...
Unless we get a bumbling idiot for a leader, the market should recover quickly.

I say put your money back in the market before the economy goes back online in a couple weeks. I would expect big gains over a few weeks time as things ramp back up.

 

That advice is worth exactly what you paid for it...

 

Well...it might, hope it does...but like I said, with as tumultuous as things are, and being an election year...wouldn't surprise me if the market took a dive again before going up and staying up for any length of time.
But I tend to agree that things very well may come back quickly on this one, at least at first...who knows...

 

I think it will be several more months, if not 1 year plus before anyone really understands the mid-term effects of shutting down the economy for a few months and how it will impact the market. It may dip down substantially, stay the same, or go up.

In any event, don't try to time the market. If you are investing for the long term, there's never a better time to buy than now.

 

No one.

But that's why we invest long term. Trying to time the market is too dangerous.

 

I'm not really trying to time the market...more like I have a lump sum that has been out, and needs to go back in, but I didn't feel it was smart to jump back in when things were at an all time high a few months back...now is a better time to get back in...just need to set some things up with my guy...

 

BCB I would stay away from funds, and the reason why is that there is a lot of companies, that are NOT going to do well in this new economy. REIT, or any company that collects rents! The federal government went on national TV and said you can’t get evicted for 8 months!
Anything travel hospitality oriented and caterpillar avoided
What I would research great balance sheets dividend paying stocks.. a lot of small businesses and large leveraged ones are not going to be around in 5 years
What I would look at Kimberly Clarke, Proctor & Gamble Clorox and zoom

in 30 more days if this fades Chevron

 

Good plan.

 

Metals are a commodity. Sometimes they do well, sometimes not. In a SHTF situation, I don't see them in high demand.

 

Chevron is likely to play out well.

 

VTSAX mirrors the S&P and has like 3600 companies in the fund. Pretty diverse holdings.

 

All equally weighted? I will look into that fund

 

No not equally weighted. Go check it out.

 

Index funds have been a great idea for decades. That said, I don't like the cap-weighted ones, they are getting too top heavy.

 

^^^ x2