Good stock market news for me

BlueFox
BlueFox Posts: 15,251
edited April 2020 in The Clubhouse
Last Febuary I called my broker since I wanted out of the stock market. This was because it was obvious to me that the virus in China was going to be a disaster here, and everywhere. We sold everything that was non taxable, and moved other stocks into safer stocks. So today the broker called me, and said I was one of the few people who got this right. While the market is down a lot, my remaining stocks are only down 2%. Personally I would have rathered payed tax on a profit versus losing 2%, but it will recover. It took me 70 years, but I finally did something right in the stock market. :)

While for me this has worked out so far, I realize others have lost their lives from this mess. My condolences to everyone affected by Covid-19, and hope a vaccine is soon available.
Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes

Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables

Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits.
Post edited by BlueFox on
· Share on FacebookShare on Twitter
«1

Comments

  • joecoulson
    joecoulson Posts: 4,943
    56483m8hlye5.jpeg
    · Share on FacebookShare on Twitter
  • Kex
    Kex Posts: 5,200
    Well done, Bud! 👍

    My “stay in the market” strategy is also working out, but not as well as your “get out quick” strategy! Everything I own is back in the green, though, except for one position, but it’s been an education for sure over the past two months... and I thought 2008-09 was tough! 😳

    No need to add economic wreck and ruin on top of all the death and destruction, especially in retirement, when your options for creating extra wealth are more limited.
    Alea jacta est!
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    I am up 14%
    · Share on FacebookShare on Twitter
  • teekay0007
    teekay0007 Posts: 2,289
    I just saved 15% on my car insurance!!
    · Share on FacebookShare on Twitter
  • BlueFox
    BlueFox Posts: 15,251
    Allstate said I would be getting a refund, but I'm not sure how much.
    Lumin X1 file player, Westminster Labs interconnect cable
    Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
    Magico S5 MKII Mcast Rose speakers; SPOD spikes

    Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
    Shunyata Sigma XLR analog ICs, Sigma speaker cables
    Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables

    Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
    Three 20 amp circuits.
    · Share on FacebookShare on Twitter
  • Kex
    Kex Posts: 5,200
    Also getting a discount of 15% on my policy, but when it next renews, so not a refund.
    Alea jacta est!
    · Share on FacebookShare on Twitter
  • steveinaz
    steveinaz Posts: 19,538
    edited April 2020
    You're a brave soul, I'm a wussy "buy & hold" guy, but it's paid off well for me. I didn't blink during the 2008 crash, and I didn't blink this time either. I'm pretty heavily invested in stocks (My plan tracks the S&P500). Last year I had 21.75% yield on my combined investments. Not bad for a amateur.
    Source: Bluesound Node 2i - Preamp/DAC: Benchmark DAC2 DX - Amp: Parasound Halo A21 - Speakers: MartinLogan Motion 60XTi - Shop Rig: Yamaha A-S501 Integrated - Shop Spkrs: Elac Debut 2.0 B5.2
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    @steveinaz you don't need a "plan" to do that.
    · Share on FacebookShare on Twitter
  • steveinaz
    steveinaz Posts: 19,538
    edited April 2020
    It's government version of a 401k....Known as TSP. I get a 5% match from YOU the taxpayer. Thanks!
    Source: Bluesound Node 2i - Preamp/DAC: Benchmark DAC2 DX - Amp: Parasound Halo A21 - Speakers: MartinLogan Motion 60XTi - Shop Rig: Yamaha A-S501 Integrated - Shop Spkrs: Elac Debut 2.0 B5.2
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    steveinaz wrote: »
    It's government version of a 401k....Known as TSP. I get a 5% match from YOU the taxpayer. Thanks!

    I don't pay taxes, why do you think that I am up 14%? :#
    · Share on FacebookShare on Twitter
  • steveinaz
    steveinaz Posts: 19,538
    I think you mean you don't pay "income taxes"....but you PAY taxes, trust me. Sales tax, excise tax, property tax, fed taxes on every utility, and the list goes on and on.
    Source: Bluesound Node 2i - Preamp/DAC: Benchmark DAC2 DX - Amp: Parasound Halo A21 - Speakers: MartinLogan Motion 60XTi - Shop Rig: Yamaha A-S501 Integrated - Shop Spkrs: Elac Debut 2.0 B5.2
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    @steveinaz can you say "cartel"?
    · Share on FacebookShare on Twitter
  • BlueFox
    BlueFox Posts: 15,251
    Kex wrote: »
    No need to add economic wreck and ruin on top of all the death and destruction, especially in retirement, when your options for creating extra wealth are more limited.

    Currently (4/25) the market is down one day, and up the next. I expect it to stay this way for awhile. It all depends on how this disease progresses, and how a vaccine progresses. If it appears things are starting to stabilize by October then I will move some cash back into the market. Otherwise if it hasn’t stabilized then we are in a world of hurt from this virus.
    Lumin X1 file player, Westminster Labs interconnect cable
    Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
    Magico S5 MKII Mcast Rose speakers; SPOD spikes

    Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
    Shunyata Sigma XLR analog ICs, Sigma speaker cables
    Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables

    Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
    Three 20 amp circuits.
    · Share on FacebookShare on Twitter
  • kevhed72
    kevhed72 Posts: 5,059
    I think new technologies and businesses will be born from the pandemic. Companies that can innovate and adjust to a new norm after this will be successful. I have mixed feelings on some parts of the stimulus. How can we keep a Delta airlines afloat until people decide it is safe to fly again....that may be far down the road. Young people....if you can afford it....max out those 401k contributions IMO!
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    BUY! BUY! BUY!
    · Share on FacebookShare on Twitter
  • mhardy6647
    mhardy6647 Posts: 33,909
    edited August 2020
    I think it's always fun to revisit these "stock market" threads after a few months.

    98fa5y3xejip.png

    DJIA to date
    rncveagwbw17.png
    NASDAQ to date
    fbgsww60koi7.png
    S&P to date
    auwc79t2jgqr.png

    from CNN's business pages
    · Share on FacebookShare on Twitter
  • Milito
    Milito Posts: 1,965
    We're up some, from a small loss earlier.
    Yamaha RX-A2070, Musical Fidelity M6si integrated amp, Benchmark Dac1, Bluesound NODE 2i, Audiolab 6000CDT CD Transport, Parasound Zphono USB Phono Preamp, Fluance RT85, Ortofon 2M Bronze, Polk L600's, L400, L900's, RC80i's, SVS 3000 Micro, Audioquest Interconnects and Digital Cables, Nordost Silver Shadow Digital Cable, Cullen Gold and Crossover Series Power Cables, Douglas Connection Alpha 12AWG OCC Speaker Cables, Douglas Connection Alpha Analog Interconnect Cables, Douglas Connection Alpha 11 OCC Custom Power Cable, Signal Power Cable, Furman PL-8C 15 Power Conditioner, Sony 65" 900F, Sony UBP-X700, Fios, Apple TV 4K, Audioquest Chocolate HDMI Cables.
    · Share on FacebookShare on Twitter
  • kevhed72
    kevhed72 Posts: 5,059
    Rich folks and mutual funds are looking to park their cash for a decent return due a low, low interest rate. The market isn't reflecting the financial state of businesses right now, although the corporate handouts helped the bottom line.
    It will plummet again....hold on!!
    · Share on FacebookShare on Twitter
  • Tony M
    Tony M Posts: 11,164
    Mine has regained all that it went down plus some too. :)

    Most people just listen to music and watch movies. I EXPERIENCE them.
    · Share on FacebookShare on Twitter
  • Gardenstater
    Gardenstater Posts: 4,502
    Correct. The market isn't reflecting the *financial state of businesses right now* because it always looks forward. Now if there is some bad news along the lines of the COVID-19 vaccines (like the one in Russia) failing, look out below! :#
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Onkyo A-8017 integrated
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
    · Share on FacebookShare on Twitter
  • mhardy6647
    mhardy6647 Posts: 33,909
    NASDAQ is through the roof. :|
    · Share on FacebookShare on Twitter
  • joecoulson
    joecoulson Posts: 4,943
    Something is going to happen in November that sends it downward.
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    I did good buying the chrony capitalist picks. The government picks were easy to see so I bought em. Government picking the winners and loosers is not capitalism. Regardless of what I made it will and is being taken back by inflation.
    · Share on FacebookShare on Twitter
  • jdjohn
    jdjohn Posts: 3,162
    I remember thinking in March how 'at home' services should benefit from the lockdown. I had a stake in FedEx at the time which was not doing very well, but now I wish I had double or tripled-down on FedEx. Same for Amazon.
    "This may not matter to you, but it does to me for various reasons, many of them illogical or irrational, but the vinyl hobby is not really logical or rational..." - member on Vinyl Engine
    "Sometimes I do what I want to do. The rest of the time, I do what I have to." - Cicero, in Gladiator
    Regarding collectibles: "It's not who gets it. It's who gets stuck with it." - Jimmy Fallon
    · Share on FacebookShare on Twitter
  • audioluvr
    audioluvr Posts: 5,603
    My grandfather always told me "invest in real estate" A fire can burn it but it's still land. I bought 13 acres of bare land 25 years ago for$39,000. Now it's worth $450k-$500. The world can go to hell in a handbasket but I still have a place I can set up sniper positions.
    Gustard X26 Pro DAC
    Belles 21A Pre modded with Mundorf Supreme caps
    B&K M200 Sonata monoblocks refreshed and upgraded
    Polk SDA 1C's modded / 1000Va Dreadnaught
    Wireworld Silver Eclipse IC's and speaker cables
    Harman Kardon T65C w/Grado Gold. (Don't laugh. It sounds great!)

    There is about a 5% genetic difference between apes and men …but that difference is the difference between throwing your own poo when you are annoyed …and Einstein, Shakespeare and Miss January. by Dr. Sardonicus
    · Share on FacebookShare on Twitter
  • afterburnt
    afterburnt Posts: 7,892
    Been too busy to watch but my metals have done good so far. Silver, gold etc but mostly lead.
    · Share on FacebookShare on Twitter
  • mhardy6647
    mhardy6647 Posts: 33,909
    afterburnt wrote: »
    Been too busy to watch but my metals have done good so far. Silver, gold etc but mostly lead.

    Don't forget the ones that glow in the dark. There's always some demand for those...

    B)
    · Share on FacebookShare on Twitter
  • xschop
    xschop Posts: 5,000
    BRAW stocks are the quintessential investment going forward.
    Don't take experimental gene therapies from known eugenicists.
    · Share on FacebookShare on Twitter
  • mhardy6647
    mhardy6647 Posts: 33,909
    One of our financial advisors likes to say this about gold as an investment (I paraphrase):

    In 1890, the price of an ounce of gold... would buy a nice suit.
    In 1920, the price of an ounce of gold... would buy a nice suit.
    In 1933, the price of an ounce of gold... would buy a nice suit.
    In 1955, the price of an ounce of gold... would buy a nice suit.
    In 1974, the price of an ounce of gold... would buy a nice suit.
    In 2008, the price of an ounce of gold... would buy a nice suit.

    you get the idea. :)

    · Share on FacebookShare on Twitter
  • txcoastal1
    txcoastal1 Posts: 13,306
    edited August 2020
    mhardy6647 wrote: »
    One of our financial advisors likes to say this about gold as an investment (I paraphrase):

    In 1890, the price of an ounce of gold... would buy a nice suit.
    In 1920, the price of an ounce of gold... would buy a nice suit.
    In 1933, the price of an ounce of gold... would buy a nice suit.
    In 1955, the price of an ounce of gold... would buy a nice suit.
    In 1974, the price of an ounce of gold... would buy a nice suit.
    In 2008, the price of an ounce of gold... would buy a nice suit.

    you get the idea. :)

    So research the price of suits? or invest in suits instead of gold?
    2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
    Desktop rig: LSi7, Polk 110sub, Dayens Ampino amp, W4S DAC/pre, Sonos, JRiver
    Gear on standby: Melody 101 tube pre, Unison Research Simply Italy Integrated
    Gone to new homes: (Matt Polk's)Threshold Stasis SA12e monoblocks, Pass XA30.5 amp, Usher MD2 speakers, Dynaudio C4 platinum speakers, Modwright LS100 (voltz), Simaudio 780D DAC

    erat interfectorem cesar et **** dictatorem dicere a
    · Share on FacebookShare on Twitter