[gatorbill1]

Went to cash yesterday 8/22/19. Will look at getting back in November or next Feb.
Did same thing last year and was up 8% vs 5% loss.
I know you shouldn't do this, but have been lucky twice in two years.

[rjm1cc]

Originally Posted by gatorbill1

Went to cash yesterday 8/22/19. Will look at getting back in November or next Feb.
Did same thing last year and was up 8% vs 5% loss.
I know you shouldn't do this, but have been lucky twice in two years.

After all these years of increasing stock prices how much of your investment funds do you lose to taxes? 15%?

[gatorbill1]

Originally Posted by rjm1cc

After all these years of increasing stock prices how much of your investment funds do you lose to taxes? 15%?

I haven;t had to pay taxes for the last 3 years. Don't want to get into what I did to avoid taxes. It was all legal.

[Chatbrat]

Ttt

[Tom52]

Originally Posted by gatorbill1

Went to cash yesterday 8/22/19. Will look at getting back in November or next Feb.
Did same thing last year and was up 8% vs 5% loss.
I know you shouldn't do this, but have been lucky twice in two years.

O.k. you are obviously a market timer but I would like to see your evidence that backs your claim we are now in a recession.

[Topspinmo]

Originally Posted by gatorbill1

Went to cash yesterday 8/22/19. Will look at getting back in November or next Feb.
Did same thing last year and was up 8% vs 5% loss.
I know you shouldn't do this, but have been lucky twice in two years.

IMO Day trading should be against the law. The stock market is Ponzi scheme.

Recession? I paid $2. 01 cent for gas three days ago while up north.

[OrangeBlossomBaby]

Originally Posted by Topspinmo

IMO Day trading should be against the law. The stock market is Ponzi scheme.

Recession? I paid $2. 01 cent for gas three days ago while up north.

Not where where "north" is to you but here in Connecticut, our local gas stations are running around $2.75 for the regular unleaded. Around 1/2 hour north of my house I can get it for $2.49/gal but that's the lowest I've seen along the I-91 corridor.

[GrumpyOldMan]

I am not very smart about economics stuff, but I do't understand the references to the price of gas in relation to recession. I thought recession was a slow down of the economy (less spending), deflation was a reduction in the prices of things in general, and inflation was the increase in the prices in general?

[billethkid]

it is

Recession Definition

Impossible to interpret the purposely and loosely held versions used by the political or media.

[dewilson58]

Originally Posted by Tom52

O.k. you are obviously a market timer but I would like to see your evidence that backs your claim we are now in a recession.

Market Timers only talk about when they guess right. There is no logic to market timing, no functioning models, it's all luck & mostly loss. Speculation is an investing strategy, but it does not work.


The OP doesn't talk about when he came back into the market and how much of the rally he missed.



Timers are always: Big Hat, No Cattle.




I've been told all posts must be helpful, so I how this is helpful.

[stan the man]

When I need my shoes fixed i go to a shoemaker . When I want advice on stock market .................

[ColdNoMore]

It's always interesting to read those who claim to have sold at the absolute peak...and purchased at the absolute bottom.

Analogous to reading...a good science fiction novel.

[graciegirl]

Originally Posted by ColdNoMore

It's always interesting to read those who claim to have sold at the absolute peak...and purchased at the absolute bottom.

Analogous to reading...a good science fiction novel.

Lot of braggies on here, and look downers on too.

[JimJohnson]

Most of us here have moved into safe storage for our retirement. We are too old to be gambling with tote markets.

[valuemkt]

I always enjoy these posts. Reminds me of some of my younger day friends that went to the track and always bragged about their winnings and never heard about the losses. Anyway, congrats Gator.

I follow investments quite closely. Cash has returned near zero for the last several years. short term CDs around 2.5% .. below 2% currently. "high Yield" bonds and ETFs a little over 4.. which of course isnt cash.

Maybe you had a premonition and sold ALL of your stock holdings right at the top last summer, and early December. and then went 100% into stocks .. If so, good for you.

Regarding taxes, unless you are thinking of getting buried with your electronic stock certificates, you have to pay the piper if you want to enjoy the fruits of your labor. Pretty silly to delay that spending because you don;t want to pay your uncle. For all of us of a certain age, I think we acknowledge that in the long run we're all going to be on the other side of the green grass. So the days of delayed gratification are over. It's time to enter the distribution phase of life, and exit the many days of delayed gratification that many of us have practiced.

Which leads to a repeat of some of my prior posts. And a review of two acronyms: SWAN and FOMO. Do you have a need of Sleeping Well at Night (SWAN) ? Or do you have a constant Fear of Missing Out (FOMO) ? If you have all of your money hid under your mattress, it might help you to sleep well, because you;ll never worry about those headlines on the DOW going down 600 points in a day. Of course, you will not be able to participate in a brag-fest when people talk about their 20 per cent gain on some IPO (initial public offering) or a great year in the market. Or, if you suffer from FOMO, your money won;t be under that mattress, will it ?

When you;re balanced, you will never hit the "market" returns.. you will have lower highs, and higher lows. Cash and cash equivalents, fixed income (dividend stocks, preferred stocks, balanced funds), growth stocks.. all balanced to meet your retirement income and living requirements and expectations. I;ve met some day traders in the Villages investment clubs.. More power to them.
I happen to know people that cashed out their pensions and lost the entirety through FOMO.. they ended up going back to work and significantly reduced their standard of living. You don;t hear about them .. because you only hear about how much people have won at the track or casinos.

Isn;t SWAN a wonderful thing ??