DVN is my newest holding, bought in earlier this year. It’s the first stock I have added in a very long time.

Bought it for the sector and for the dividend.

Sure got pounded yesterday. But so did everything else.

I’ll hold.

Boomer

Darn it, Chi. You’re giving me flashbacks. :)

Back in the 1990s when I was a bubble-dancer — dancing with that dotcom bubble — thinking I knew oh so very much — thinking I could see the future — thinking I could not lose………

“Plastics” was the word I whispered to Mr. Boomer, as I smiled and showed him those returns………

(He still loves me though.)

Boomer

:1rotfl::1rotfl::clap2:

Nat gas plummet 16 percent today

Mrs Robinson is still young in the movie. Real life probably 6 feet under.

The fat lady has not sung……….

In fact, I can’t even see her limo approaching the opera house — yet.

Boomer

We are all very uncomfortable. Few understand MATH. The S&P has lost roughly 16% from it's peak. To get back to what you had it needs to rise 19%. 10,000-16%=8400. 8400 plus 19% is 9996. My brokerage acct prevents my lying to myself. My 15 year history has been up every year EXCEPT THIS ONE.

Holdings, what you paid for them does not matter the question is or should be would you buy them at today's price.

I find it interesting that Buffet listed as the greatest stock picker is 86 and says he is buying stocks for long term. Buffet has also stated he does not often beat the s&p.
I am not in Buffet's league. I am not beating the s&p so I am not batting even average.

So many wise sayings. Hind sight is always 20-20 but foresight is far more profitable.
No one is right all the time. To make money you just need to be right more times than you are wrong.

Back to Buffet. I recall him saying I lost 44 million on that trade it was a mistake. Was I to loose 44 million on a trade there would be a lot of people wondering how they were so stupid as to LEND me that much money.

If I can double our money every 6-8 years I am a very happy camper. All you need to do is refer to the rule of 72 to see what rate of return you need on average to double your money in a particular time frame.

"From 1965 through the end of 2021, Berkshire shares have generated a compound annual return of 20.1% against 10.5% for the S&P 500. Most of Berkshire's outperformance versus the index came earlier in Buffett's tenure as Berkshire's CEO when Buffett, now 91, racked up huge gains in the stock market.Apr 29, 2022"

From: Berkshire Hathaway Stock Could Drop 99% and Buffett Would Still Beat the Stock Market | Barron's

"According to Standard and Poor's, the average annualized return of the S&P index, which later became the S&P 500, from 1926 to 2020 was 10%.  At 10%, you could double your initial investment every seven years (72 divided by 10)."

From: How To Double Your Money Every 6 Years

There have been some periods where this did not happen but long term it can be done.

I wouldn't touch this market with YOUR ten foot pole. Does this seem like a minor downturn to anyone? I've lived through three market crashes, and never have I seen an economy so bad that we had empty shelves and moms driving to Mexico for baby formula.

The three crashes I've lived through hit 50% before they turned around. The worst in history was 90%. We aren't even getting started.

Yes, I'm in cash, living it up on my 0.01% money market returns. Meanwhile, mortgage rates are over 5%, T-bills are 3%, and still we wait for the nation's crooked MM fund managers to notice. SSDD. Life in the Banana Republic of America.

Past performance is not a predictor of future performance. Market now ruled by algorithms and momentum. It doesn’t care what anyone thinks. Use technical analysis like they do,

Six month treasury bills paying 2 percent

Well, I have now mostly "invested" the sales proceeds I finally received in April. I took my time putting about 25% of it into blue chip stocks and ETFs. Most I kept for a while in old fashioned saving and brokerage bank accounts but since they pay so little I have been moving it into T-bills. Most are 6 month and will reward me with about 3% if I keep them until early 2023. I will definitely keep what I need for income taxes April 15, 2023 in T-bills.

My conundrum now is are we in a bear market rally?

idk, it's so hard to guess what will happen over the next 2 years. i've been staying put for now, waiting to see what crisis happens next, lol. i've left it in the advisors' hands