Investing

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ShelC
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Re: Investing

Post by ShelC » Wed Apr 22, 2020 5:59 pm

So what do we think? Is the bottom in yet?

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Cap
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Re: Investing

Post by Cap » Wed Apr 22, 2020 6:02 pm

ShelC wrote:
Wed Apr 22, 2020 5:59 pm
So what do we think? Is the bottom in yet?
http://www.ask8ball.net/

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ShelC
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Re: Investing

Post by ShelC » Wed Apr 22, 2020 6:14 pm

"Signs point to yes".

Time to buy!

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Superbone
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Location: Escondido, CA (Phoenix Native)

Re: Investing

Post by Superbone » Wed Apr 22, 2020 8:47 pm

ShelC wrote:
Wed Apr 22, 2020 5:59 pm
So what do we think? Is the bottom in yet?
No way to know. I’d like to think we’re already past it. March 23rd was the bottom so far which is nearly a month ago. We’ve actually recovered quite a bit since then. If a second wave of the pandemic hits (maybe due to all these idiots in a big hurry to get back out there), it could sink even lower though.

Fingers crossed.
Wormwood/Superbone 2019/2020 season bet: Suns win < 30 games, Wormwood wins, else 'Bone wins. 1 month avatar shame starting July 1st of winner's choosing. ACCOMPLISHED! 34 wins in a shortened season!

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Nodack
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Re: Investing

Post by Nodack » Thu Apr 23, 2020 12:08 am

My wife thinks it’s time to buy. I think we may see a surge a little and then once the sheer magnitude of the FUness to the economy along with unemployment rates, housing start and all that talk of a recession worse than the Great Depression happens we may see some seriously low numbers. We are just printing a crap load of money and handing it out. Doesn’t that have consequences? I am pretty scared that I left mine “all in”. I hope world banks don’t fail and money becomes kindling. Watch gold go through the roof.

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Superbone
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Re: Investing

Post by Superbone » Thu Apr 23, 2020 12:19 am

Nodack wrote:
Thu Apr 23, 2020 12:08 am
My wife thinks it’s time to buy. I think we may see a surge a little and then once the sheer magnitude of the FUness to the economy along with unemployment rates, housing start and all that talk of a recession worse than the Great Depression happens we may see some seriously low numbers. We are just printing a crap load of money and handing it out. Doesn’t that have consequences? I am pretty scared that I left mine “all in”. I hope world banks don’t fail and money becomes kindling. Watch gold go through the roof.
Don’t be scared. You have time on your side. Eventually, it will recover and then some. I can easily envision the Dow Jones at 40,000+ in 10 years from now.
Wormwood/Superbone 2019/2020 season bet: Suns win < 30 games, Wormwood wins, else 'Bone wins. 1 month avatar shame starting July 1st of winner's choosing. ACCOMPLISHED! 34 wins in a shortened season!

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Indy
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Re: Investing

Post by Indy » Thu Apr 23, 2020 6:07 am

About a month ago I moved a nearly flat mutual fund into some stocks when I though things were pretty much at the bottom. So far about a 28% increase, so I am hoping that keeps up.

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