Investing
Re: Investing
So what do we think? Is the bottom in yet?
Re: Investing
"Signs point to yes".
Time to buy!
Time to buy!
Re: Investing
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!
Re: Investing
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.
Re: Investing
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.Nodack wrote: ↑Thu Apr 23, 2020 12:08 amMy 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.
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!
Re: Investing
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.