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No reason to panic. BTW until they sell it is just a paper loss |
Taxes are always in the calculation
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Sooooo, I was just perusing this thread to see what you all had to say today.
There sure were a lot of chickens being counted this morning. When I began buying stocks online and would have a terrible, horrible, no good, very bad day, I would print the front page of my account, put it in my desk drawer, and wait. Doing that worked like a vaccination against market volatility. I do not panic. Most longtime dividend players do not panic because they feel like if they have made solid choices of stocks, they will get paid to wait. But I don't kid myself. A lot of investors remember GE and what happened under the wrong CEO. All that being said, I do not think this will be a quick turnaround. I think a lot of wait-and-see time will be going by because every day brings a fresh hell of antics. It's the unpredictability of those antics that could/should cause business leaders and big investors to just bide their time and not make any sudden moves. Looks like the Regurgitation Nation is being fed some line about how we have to go through hard times and suffer for the cause -- and they are lapping that line right up. Gimme a break. This is not WWII when the Homefront had to do its part. This is a self-inflicted wound. Will it heal? Who knows. Boomer PS: Speaking of dividends, a few hours ago, boring old PG increased its dividend. That makes 69 consecutive years of dividend increases -- every early April, like clockwork. The company has paid a dividend for 135 years. Procter and Gamble, one a candle-maker and one a soap-maker, decided to go into business together in 1890, in Cincinnati. They were married to sisters. |
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Where this country was heading is far worse than WWII and we have made the turn but aren't out of the woods yet. When the leader of another country states that the diagnosis of the current situation being tackled is correct, you know this can't go on. |
Out of the last 40+ years of doing my own investing, I have sold most everything 2x and that was at the end of 2021 and 4 months ago. I stayed in during the 2000’s meltdown, the 2007/8 financial crisis, and the COVID crisis in 2020. I was a long term investor and let it ride. Now, I’ll sell in a heartbeat when I think it’s close to its highs. When you are in your 50’s and older, why do you want to ride a crisis out? You know a recession can happen at anytime and last a few years and then it could take years of gains to get to where you were years ago. Also, just because you have dividends coming in today, doesn’t mean that they will be there tomorrow, during bad recessions this is the 1st thing that companies stop paying.
You have heard the phrase: “pigs get slaughtered!” This applies to people that keep stocks/funds forever instead of taking part or all of the gains from a big jump and put it into another stock/fund that is low and out of favor but has good potential. There were many stocks that I got in during late 2022 and during early 2023 that had 100’s % gains and then I got out of all of them during 2024 and everything else last December and bought money market instead. Did I sell at their highest peaks? No, I don’t time the market for the highest highs or for the very bottom. So I made 200% on 1 instead of 250%, or I sold Apple to soon because it went up 15% after I sold, but I made 100% during the time I had it, so I’m not going to fret the small stuff. Now, just like in 2022, I want the market to go down another 20%. I want to see Apple back around $140, nvidia lower by 15% - 20%, and a lot more good companies go much lower so they are ripe to make someone a lot of money when the recovery starts. |
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But if all the money paying for unemployed people is that big a deal, maybe more people should've made a louder noise when DOGE started firing tens of thousands of government workers whose families relied on their income - and now have none. |
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