Start your engines !!!
Start your engines !!!
thoughts on mondays race?
Re: Start your engines !!!
Don't know don't care wasn't a choice?
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- Peculiar_Investor
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Re: Start your engines !!!
Which Monday and why is there a race? The Daytona 500 is still a few weeks off.
A bit more seriously, my investing career was in its infancy around the time of Black Monday . Somewhere I believe I still have my "things I might buy" list and do recall thinking it was time to load up during the subsequent days, if I had had a strong enough conviction to act. It was one of my first lessons on behavioural finance, although I didn't know it at the time.
FWIW, I don't know what all the noise is about, percentage wise this wasn't a very rough day. We're not in bear market territory by any means. Heck, YTD I'm still positive, so what's all the fuss about?
A bit more seriously, my investing career was in its infancy around the time of Black Monday . Somewhere I believe I still have my "things I might buy" list and do recall thinking it was time to load up during the subsequent days, if I had had a strong enough conviction to act. It was one of my first lessons on behavioural finance, although I didn't know it at the time.
FWIW, I don't know what all the noise is about, percentage wise this wasn't a very rough day. We're not in bear market territory by any means. Heck, YTD I'm still positive, so what's all the fuss about?
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Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
- scomac
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Re: Start your engines !!!
Where is the don't know and don't care option?
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
Thomas Babington Macaulay in 1830
Thomas Babington Macaulay in 1830
- Peculiar_Investor
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Re: Start your engines !!!
Another viewpoint from one of my favorite blogs -- It’s Over | The Irrelevant Investor
A good reminder to all.Michael Batnick wrote:Jack Bogle likes to say “the stock market is a giant distraction to the business of investing.” The chart below is a good visual to support this statement. Friday was the seventeenth -2% day for the S&P 500 in the last five years. Focusing on the day-to-day is a really good way to lose sight of the long-term trends, or why you’re even investing in the first place.
Also worthwhile remembering.Michael Batnick wrote:But if we weren’t overreacting, we wouldn’t be human, and that’s what makes markets so fun and interesting and scary and exciting.
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: Start your engines !!!
I prefer the saying of a Mr. G. Hariton
"I felt like doing something. So I lay down until the feeling went away"
"I felt like doing something. So I lay down until the feeling went away"
- Shakespeare
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Re: Start your engines !!!
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
- optionable68
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Re: Start your engines !!!
We are long overdue for a healthy correction
3-time winner of FWF Annual Stock Market Predictions contest
Re: Start your engines !!!
The next question of course is "How do we as investors profit from this?"
Looking over my portfolio I see that banks and REITs are down about 5%. Apple, electric utilities, Magna, pipelines (TRP and ENF) down about 10%.
I still own Pure Industrial (AAR.UN) in my RRIF. In March there will be a vote on the private purchase of all shares for $8.10 per share. I think I'll start selling these to get cash on hand. The price today has fallen to 8.06 as other people presumably have the same idea.
Then I'll watch the "What did you buy" thread and think of things to buy.
Looking over my portfolio I see that banks and REITs are down about 5%. Apple, electric utilities, Magna, pipelines (TRP and ENF) down about 10%.
I still own Pure Industrial (AAR.UN) in my RRIF. In March there will be a vote on the private purchase of all shares for $8.10 per share. I think I'll start selling these to get cash on hand. The price today has fallen to 8.06 as other people presumably have the same idea.
Then I'll watch the "What did you buy" thread and think of things to buy.
"Why do I have to go to school? If I watch YouTube I'll know everything."
- Grandson #2
- Grandson #2
Re: Start your engines !!!
Hmmmm...
Hang Seng down ~2%
Nikkei down ~2.5%
Reaction to DOW on Friday or continuation?
May have to be looking at my targets and invest some cash holdings...
Hang Seng down ~2%
Nikkei down ~2.5%
Reaction to DOW on Friday or continuation?
May have to be looking at my targets and invest some cash holdings...
Re: Start your engines !!!
If a 2 per cent drop (okay, maybe 4 per cent cumulative) is making people anxious, how will they react to a 20 per cent drop?
And make no mistake, a 20 per cent drop is coming. We just don't know when.
George
And make no mistake, a 20 per cent drop is coming. We just don't know when.
George
The juice is worth the squeeze
- Peculiar_Investor
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Re: Start your engines !!!
If you subscribe to the Super Bowl indicator then there is an 80% chance it should be an up year for the S&P 500 in 2018.
I'm just planning to ignore the noise and stick to my investment plan. Maybe one or more of my existing stink bids will get triggered and I can get a deal (margin of safety) on some securities.
Well said.
I'm just planning to ignore the noise and stick to my investment plan. Maybe one or more of my existing stink bids will get triggered and I can get a deal (margin of safety) on some securities.
finiki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams
Re: Start your engines !!!
It's funny that the poll runs until Feb 6. If I vote, I will wait until after the close today!
Re: Start your engines !!!
It does not matter what the market does. What matters is if I have the discipline to follow my plan.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
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Re: Start your engines !!!
Raised some cash last week.
Will begin to deploy some after the first 10% drop, and more after 20%
Will begin to deploy some after the first 10% drop, and more after 20%
“Courage is what it takes to stand up and speak. Courage is also what it takes to sit down and listen.” - Winston Churchill
Re: Start your engines !!!
i guess both down significantly wins !!
how about tomorrow?
how about tomorrow?
- bcjmmac
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Re: Start your engines !!!
Good timing for me - repatriated a bunch of cash (superannuation) from Aus ( worked down under for 1.5 years) + have been building up a war chest.
Looking at TD, ENB, ZUT, VEE, CNQ, VFV, & a few others.
Looking at TD, ENB, ZUT, VEE, CNQ, VFV, & a few others.
Re: Start your engines !!!
I just voted...
- optionable68
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Re: Start your engines !!!
Dow is down 8.5% so far..... my vote is correction territory will hit this week
3-time winner of FWF Annual Stock Market Predictions contest
- Shakespeare
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Re: Start your engines !!!
Whee-oo! Nikkei down 6.65%.
Symbol Company Country Last Date Time Chg. % Chg.
AU:XAO ASX All Ordinaries Index Australia 5,920 2/6/2018 3:16 PM -208.90 -3.41%
HK:HSI Hang Seng Index Hong Kong 30,651 2/6/2018 12:05 PM -1,593.91 -4.94%
IN:1 S&P BSE Sensex Index India 33,757 2/6/2018 9:51 AM -999.67 -2.88%
ID:JAKIDX JSX Composite Index Indonesia 6,590 2/5/2018 12:00 AM -39.145 -0.59%
JP:NIK NIKKEI 225 Index Japan 21,173 2/6/2018 1:16 PM -1,509.11 -6.65%
MY:FBMKLCI FTSE Bursa Malaysia KLCI Malaysia 1,805 2/6/2018 12:21 PM -48.28 -2.61%
PH:PSEI PSEi Index Phillippines 8,450 2/6/2018 12:21 PM -166.40 -1.93%
XX:SGDOW Dow Jones Singapore Index SGD Singapore 282.45 2/5/2018 11:36 PM -10.75 -3.67%
KR:SEU KOSPI Composite Index South Korea 2,420 2/6/2018 1:16 PM -72.20 -2.90%
LK:ASI Colombo All-Share Index Sri Lanka 6,520 2/2/2018 12:00 AM +22.01 +0.34%
XX:Y9999 Taiwan Weighted Index Taiwan 10,327 2/6/2018 12:16 PM -618.78 -5.65%
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones
Re: Start your engines !!!
I was guessing it would take a year to get to 30% bonds but at this pace another day or two will do it. Don't even have to save for it, I think I'll go on vacation instead.
Re: Start your engines !!!
Earthquake training. Feel the trembles? Run out of the building.
- Shakespeare
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Re: Start your engines !!!
Jack be nimble
Jack be quick
Jack got f*cked by the candlestick
https://en.wikipedia.org/wiki/Candlestick_chart
Jack be quick
Jack got f*cked by the candlestick
https://en.wikipedia.org/wiki/Candlestick_chart
Sic transit gloria mundi. Tuesday is usually worse. - Robert A. Heinlein, Starman Jones