Why is Morgan Dollar numismatic value dropping?

Kirkland is MS70

 

Log in or Sign up to hide this ad.

Everything’s screwed up in the markets. Even tax free municipal bonds — formerly a stalwart — are selling off.

 

I lost money in CASH !!!

Money market ETFs have seen Price diverge from NAV. Asswipe Larry Fink is more worried about global warming and diversity BS than hiring qualified market makers who can arbitrage away discounts.

 

@GoldFinger1969

All fixed income instruments are going out the window. I unloaded two preferred stock ETFs earlier this week. Everything that remotely smells of fixed income is the proverbial baby going out with the bath water.

I know it sounds stupid, but sometimes you have to do what the stupid people do unless you have a love of getting your lungs ripped out.

 

The problems even extended to the Agency MBS market, 2nd largest and most liquid fixed income sector behind U.S. Treasuries. Apparently the sector went "no-bid" before the Fed stepped in. Not sure why, I thought the NY Fed's SOMA was a last-resort buyer after 2008.

Carnage in leveraged fixed-income vehicles (CEFs, MREITs) has been horrific.

 

Even digital things whose usage will go up for sure in the stay home is down, money is being made shorting things at some point will be the same going back up.

 

That’s what having no savings/emergency fund will do to you

 

I've spent the last several years feeling stupid for having a substantial part of my portfolio sitting in cash -- not even a 1-2% money-market account, just (FDIC-insured-account) cash. Various reasons, all of them stupid.

I still feel stupid. Even in the wake of this crash, I'd still be further ahead if all that money had been at work with the rest of the portfolio. It's been a big decade for gains.

But I guess I do get to do some bargain shopping at some point. Maybe. I already learned the don't-catch-a-falling-knife lesson, and I don't trust a day or two of market sunshine and rainbows.

 

Well, this is your opportunity. You can play it safe with high-quality mutual funds for stocks and/or bonds or just buy blue-chip names that pay decent SAFE dividends: KO, VZ, T, XOM, CVX, MO, PM, PG....and maybe some tech with lower dividends but great prospects (MSFT, FB, CSCO, etc.).

Don't worry about what you didn't do in the past, worry about how you are set up for the future.

If you were 100% in cash right now, I'd put 10-20% into stocks RIGHT NOW.

Then I'd put another 10% every 5% lower we go or some number that, if we go down 50%, you are at your maximum allocation to equities.

Of course, it depends on your specific financial circumstances, risk tolerance, job/retirement situation, etc....which I am not privvy to.

Even bond funds and ETFs are a decent way to dip your toe into the water.

Good Luck !

 

I guess many would call me stupid for not getting into the stock market game. I have had my reasons, albeit personal. I have two older brothers who have spent most of their adult life playing the stock market game. I've never heard so much whining when I see them at family gatherings. All they can talk about is how well their investments are doing or how much the government is robbing them at tax time. I shudder to think what they are doing now. This turned me off years ago.

Please don't take me wrong. This isn't meant as a criticism for those of you here on CT that are much smarter than I am with their money and are successful in managing things. I collect coins and sure, I wish I had more so I could play with the big boys and purchase some true rarities. However, forums like this give me the opportunity to see,know things I normally wouldn't.

As in many things in life, I don't have to have them to enjoy them.

 

It's not a "game" you should simply have some equity investments that meet your risk tolerance and investment needs.

The days of getting 6-8% in bank CDs are long over.

You need a diversified portfolio of assets, however you put it together.

Daytrading and even picking individual stocks if you don't spend alot of time on them (aside from blue-chips with nice dividends) is not the same as buyingdayy

Plenty of sites and TV stations to educate yourself.

If you don't want to pick individual (blue-chip) stocks, stick to mutual funds.

It's easy to put together a low-risk portfolio that yields 3-5% but will grow over time.

 

It's only a falling knife if they're going to go under. Most are at levels that haven't been seen in over a decade. Yes it does seem like some should fall further but nothing rational is happening now. People get told to stay home and netflix goes down, then multiple states close and casinos go up today go figure. That said 6 months from now, a year from now or 2 years from now there will be a lot of people saying I wish I bought back then

 

I think you’re sitting awfully pretty for when all of this passes and an even lower stock market comes back.

 

Being stupid doesn't prevent anyone from getting lucky. It's just that being smart improves the odds.

 

An even lower stock market when all this passes?

 

By the time all this passes, the market will be lower than where it is now, increasing the buying opportunity.

 

Most likely, the market will bottom before the virus thing is at its worst.

 

Exactly that's what has always happened where things start coming back to normal after things like this.

States closed and Casinos went up, money is being made big time.

 

It will be for a while. A lot of lost income that will not have 401(k) matches, and the need to sell to pay rent/payments on living, autos, college, etc.
Charles Nenner sees a market at 5,000.

 

Metals bugs should be ignored about actual realities.