Thread: Stocks tumble
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Old 03-06-2020, 10:49 PM
CoachKandSportsguy CoachKandSportsguy is offline
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Default I am ecstatic that the market is falling

As a long time market participant, who has made a lot of money and lost even more money, I have been in cash and bonds waiting for a correction to get stawks back to a reasonable valuation to re-invest. Traders learn from watching stawks go up and down, why they tend to go down and tend to want to buy them low and then sell them high. I am very short in the market, offsetting some high dividend reits. After buying in TV for retirement, I can't lose money again, as I won't be able to replace it with earnings. Therefore, I do sell when markets are over valued, and wait for the lower prices to buy again. You might think that recent history of the last 30 years of nearly positive yearly returns will last forever, but humans and greed always screw it up. I am short $SPY TSLA, and SQ. am I making a lot of money, no, am I losing any money, hell no!

sorry if your financial advisor might have his best interest at heart at your expense.

sportsguy