DOW 20k!!! - the investing thread

The talking box told me those are just oppositional talking points, not real world problems

 

Gonna have to circle back on that one.......

 

Leave Jen out of this!

 

If you didn't make 7.5% in January you lost money.

 

I’m here to tell you…. I didn’t get that much in 2021…. And lost a metric chit ton in January

 

Inflation is not 7.5% per month, that is an annual figure.

 

I have been buying whatever happens to be on sale lately including tech stocks, EVs, and crypto. I am sitting tight on my carbon energy and some of my commodity assets as they have been doing well. Solar, lithium and uranium were down yesterday, so I bought more. With interest rates falling yesterday banks were also down, so I bought a little in that space as well.

Couple old saws come to mind at times like this:

“Buy right and sit tight.”

“You should be buying when others are crying.”

“If you are not planning or prepared to hold a stock or asset for 10 years, don’t think about only holding it for 10 minutes” Warren Buffet

“If you spent 13 minutes a year on economics you’ve wasted 10 minutes” Peter Lynch

 

Anyone else watching Lukoil and other russian stocks? Lukoil went from $80+ to $5 since last week.

 

If not for principal behind it I’d consider buying in. Their banks too. Then again, we’re all buying their gas anyway.

 

I dont have a dog in the fight. Ukraine, like the US, is a corrupt and degenerate country.

 

That statement might ruffle a few feathers here, but I don't disagree with the corruption part of your sentiment.

 

That's all I had to say on the matter

 

Had to sell some of my chevron as it more than tripled

 

Not sure where the market goes from here but I changed my 401k contribution rate to front load until July then ride out the rest of the year with only enough to get the match.

 

Lukem, thanks I’m a novice but can you explain what frontloading until July means?
I have mine set for match plus a little but don’t understand the term or reasoning.
Lenny


Sent from my iPhone using Tapatalk

 

Raise your contributions early in the year (now while the market is down).
I assume this is for high earners that are contributing the full amount into their 401.

 

I raised my contribution rate as high as I reasonably can and still not kill my budget to buy more of the market while it "on sale / 10% off". My 401K plan requires you to contribute every paycheck in order to get the full match for the year so there's only so much I can pull forward. In this case, I can raise my contributions from now until July then drop them back down in order to capture the match for the rest of the year.

Some people may call this timing the market, and they are probably right. I don't recommend you do this, but I'm going to give it a try.