Author Topic: Top is in  (Read 1042302 times)

dragoncar

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Re: Top is in
« Reply #5350 on: December 07, 2019, 12:51:12 PM »
Last year should have been the top.  But something has changed

(https://www.bloomberg.com/amp/news/articles/2019-12-07/s-p-500-melt-up-is-so-hot-it-s-making-cheerleaders-into-skeptics)

Look at 2000, 2008, and 2018. 

FEAR IS BACK

blue_green_sparks

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Re: Top is in
« Reply #5351 on: December 08, 2019, 07:47:47 AM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

TomTX

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Re: Top is in
« Reply #5352 on: December 08, 2019, 08:28:52 AM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

blue_green_sparks

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Re: Top is in
« Reply #5353 on: December 08, 2019, 10:54:42 AM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

*Never had that problem. I have done very, very well with individual companies that I am knowledgeable about (long term) alongside US/global index funds, sector funds and fixed income and I retired 6 years ahead of schedule. If stocks go up 15% in 2020 I will reap 12.5%. If they tank 15% I will only be down 7% and have liquidity to pounce when buying is good.

dragoncar

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Re: Top is in
« Reply #5354 on: December 08, 2019, 12:54:29 PM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

*Never had that problem. I have done very, very well with individual companies that I am knowledgeable about (long term) alongside US/global index funds, sector funds and fixed income and I retired 6 years ahead of schedule. If stocks go up 15% in 2020 I will reap 12.5%. If they tank 15% I will only be down 7% and have liquidity to pounce when buying is good.

Exactly.  Some people just donít understand that those with extreme skill can beat the odds.  I have personally done very well at the craps table, both with individual point numbers and broader pass/no pass sectors.  With my excess cash, I am way ahead of schedule on steak dinners.

frugalnacho

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Re: Top is in
« Reply #5355 on: December 09, 2019, 07:30:26 AM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

*Never had that problem. I have done very, very well with individual companies that I am knowledgeable about (long term) alongside US/global index funds, sector funds and fixed income and I retired 6 years ahead of schedule. If stocks go up 15% in 2020 I will reap 12.5%. If they tank 15% I will only be down 7% and have liquidity to pounce when buying is good.

Exactly.  Some people just donít understand that those with extreme skill can beat the odds.  I have personally done very well at the craps table, both with individual point numbers and broader pass/no pass sectors.  With my excess cash, I am way ahead of schedule on steak dinners.

I used to work with a guy that would swear up and down that he could beat the house at craps.  He was apparently a very skilled craps player.  The argument that he was mid 40's, living in his mother's basement, and washing dishes at a grocery store working alongside a teenage me wasn't enough to break the delusion that he could make money at craps.   

Maenad

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Re: Top is in
« Reply #5356 on: December 09, 2019, 09:40:55 AM »
Exactly.  Some people just donít understand that those with extreme skill can beat the odds. 

True. The problem is that there are a lot more people who think they can beat the odds than who actually can. And when you're on the internet, there's almost no way for someone to actually prove they're being honest if they claim to beat the market. I think we all have numerous stories of liars we've encountered, whether they lied to themselves or to others.

dandarc

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Re: Top is in
« Reply #5357 on: December 09, 2019, 10:06:40 AM »
Back on topic - TOP IS IN!

Do you prefer your tops of the tank variety or spinning?

Wintergreen78

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Re: Top is in
« Reply #5358 on: December 09, 2019, 10:52:35 AM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

*Never had that problem. I have done very, very well with individual companies that I am knowledgeable about (long term) alongside US/global index funds, sector funds and fixed income and I retired 6 years ahead of schedule. If stocks go up 15% in 2020 I will reap 12.5%. If they tank 15% I will only be down 7% and have liquidity to pounce when buying is good.

Exactly.  Some people just donít understand that those with extreme skill can beat the odds.  I have personally done very well at the craps table, both with individual point numbers and broader pass/no pass sectors.  With my excess cash, I am way ahead of schedule on steak dinners.

Caught you! I can tell you are just making up you craps story to sound impressive on the internet.

Everyone knows winners get chicken dinners.

Steeze

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Re: Top is in
« Reply #5359 on: Today at 05:43:08 AM »
Back on topic - TOP IS IN!

Do you prefer your tops of the tank variety or spinning?

Baseball cards for sure. I have a Ken Griffey Jr. that will be worth millions one day.

DadJokes

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Re: Top is in
« Reply #5360 on: Today at 05:52:11 AM »
Back on topic - TOP IS IN!

Do you prefer your tops of the tank variety or spinning?

Baseball cards for sure. I have a Ken Griffey Jr. that will be worth millions one day.

I think top was in on baseball cards in 1999. I just looked up the value of my "prized" Griffey rookie card...$12.

Travis

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Re: Top is in
« Reply #5361 on: Today at 06:00:32 AM »
Back on topic - TOP IS IN!

Do you prefer your tops of the tank variety or spinning?

Baseball cards for sure. I have a Ken Griffey Jr. that will be worth millions one day.

That's TOPPS.

talltexan

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Re: Top is in
« Reply #5362 on: Today at 09:11:11 AM »
Back on topic - TOP IS IN!

Do you prefer your tops of the tank variety or spinning?

Baseball cards for sure. I have a Ken Griffey Jr. that will be worth millions one day.

I think top was in on baseball cards in 1999. I just looked up the value of my "prized" Griffey rookie card...$12.

I visited some friends in Houston, and the wife had given the husband a birthday gift that was basically sheet after sheet of different Ken Griffey, Jr., cards.

Brother Esau

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Re: Top is in
« Reply #5363 on: Today at 11:28:04 AM »
1909 Honus Wagner card is considered the most valuable card in existence. Thus Honus = Topps!

BicycleB

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Re: Top is in
« Reply #5364 on: Today at 12:12:51 PM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

*Never had that problem. I have done very, very well with individual companies that I am knowledgeable about (long term) alongside US/global index funds, sector funds and fixed income and I retired 6 years ahead of schedule. If stocks go up 15% in 2020 I will reap 12.5%. If they tank 15% I will only be down 7% and have liquidity to pounce when buying is good.

Exactly.  Some people just donít understand that those with extreme skill can beat the odds.  I have personally done very well at the craps table, both with individual point numbers and broader pass/no pass sectors.  With my excess cash, I am way ahead of schedule on steak dinners.

I used to work with a guy that would swear up and down that he could beat the house at craps.  He was apparently a very skilled craps player.  The argument that he was mid 40's, living in his mother's basement, and washing dishes at a grocery store working alongside a teenage me wasn't enough to break the delusion that he could make money at craps.

Washing dishes at a grocery store?

frugalnacho

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Re: Top is in
« Reply #5365 on: Today at 12:57:15 PM »
I am willing to stay in the market and pay for mechanisms to limit my downside losses. I am already retired, not a lot of alternatives to equities. I did find a 5yr 3.3% APY IRA Insured CD a few months ago. Perhaps the key to 2020 is to be less in broad indexes and pay attention to sectors and individual stocks even.

Market timing! That's the ticket!*

*To dramatically underperforming the market indices.

*Never had that problem. I have done very, very well with individual companies that I am knowledgeable about (long term) alongside US/global index funds, sector funds and fixed income and I retired 6 years ahead of schedule. If stocks go up 15% in 2020 I will reap 12.5%. If they tank 15% I will only be down 7% and have liquidity to pounce when buying is good.

Exactly.  Some people just donít understand that those with extreme skill can beat the odds.  I have personally done very well at the craps table, both with individual point numbers and broader pass/no pass sectors.  With my excess cash, I am way ahead of schedule on steak dinners.

I used to work with a guy that would swear up and down that he could beat the house at craps.  He was apparently a very skilled craps player.  The argument that he was mid 40's, living in his mother's basement, and washing dishes at a grocery store working alongside a teenage me wasn't enough to break the delusion that he could make money at craps.

Washing dishes at a grocery store?

Deli department.  Lots of prepared dishes and what not.

FIRE@50

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Re: Top is in
« Reply #5366 on: Today at 02:54:10 PM »
Back on topic - TOP IS IN!

Do you prefer your tops of the tank variety or spinning?

Baseball cards for sure. I have a Ken Griffey Jr. that will be worth millions one day.

I think top was in on baseball cards in 1999. I just looked up the value of my "prized" Griffey rookie card...$12.

I visited some friends in Houston, and the wife had given the husband a birthday gift that was basically sheet after sheet of different Ken Griffey, Jr., cards.
Upper Deck printed approximately one zillion of those things. I think it was worth 40 bucks when I was in middle school. I wish I had been buying index funds instead of baseball cards.