As of today officially out of the stock market, buying BTC and PM,S

I know enough to not keep 2 sets of books. lol and if 3 are sold, one is free.

 

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I’d like to hear on your takes of the shape of the stock market today . After all this craziness ends . I mean inflation , a pandemic and war . But still our country is producing jobs or was before Ukraine . I’m in the process of selling my mothers house which I should have another $150,000 to invest . I’m thinking some stocks as they are low now and some more gold or even a rare coin . Thoughts ?

 

It’s in shambles ! I can see any type of
meaningful recovery until Russia leaves
Ukraine, sanctions not only hurting them
but us at home as well just filled up at
Costco well over $4 a gallon most in the
upper $4 range and inching to the $5 mark and it’s only going to get worse
unfortunately

 

There's never been a better time to be selling a house, at least around here, and at least if you don't have to buy another one.

I don't know what the prospects are for stocks over the next few years, but for now, I like their prospects better than I like the prospects of holding cash. I'm not at all convinced that this inflation is "temporary".

 

Not sure losing money Just about everyday is the answer, I have the
alternate way of thinking put back
cash and wait for brighter pastures
at least for the stock market, have
been doing real good with BTC and
PM,S so more then satisfied with
those results

 

Emerging market CBs buying gold in wake of El Savador/BitCoin fiasco.

 

Why in the world is everybody on here anti BTC, one of the biggest real estate firms
her in Nevada just announced is is now accepting BTC for purchases, I mean every time I turn around someone else is accepting it.

 

Any stock market profits will be made for the foreseeable future by individual stock picking. The good old index funds already have had a forgettable 2022 and more trouble is ahead, IMO.

 

I'm agnostic on BitCoin....but I think the rush to accept it has thrown gold and other stores of value overboard too quickly.

BitCoin may well go to $1 MM in 10 years, I have no idea.

I just think the "Bitcoin is replacing the Dollar" talk got too nutty.

 

We’re not, we are down on you acting like a spoiled three year old….all talk and no substance.

 

BTC is growing in popularity but would it ever replace the dollar, I would say no
but is there a place for it most definitely yes, but its not for everybody, I have
latched on to the concept though and its been very good to me so will stick
with it, these days diversification is the key.

 

Another down day on the street, glad I am out, more pain to come.

 

A sea of Red…

 

Do you have a plan for getting back in ?

 

And would you look at that? BTC had an up day, up a little over 2%. That means today it recovered almost a quarter of what it's lost over the last week. BACK UP THE TRUCK! Erm, wallet?

 

My plan is to wait it out, gas in my area just hit $5, a little less at Costco if you
want to wait in line or worse yet go to Sams town where they only have one pump
islands they do accept AMEX there but time and distance really wash out everything
unless I am going down that way for a purpose, just figured out some rough math
if I would have stayed in would be down roughly 30K !! I think the downward trend
is going to continue, sure there might be a shade of green now and again but most
weeks your going to be behind the 8 ball, somebody need to get that nut out of
the Ukraine as long as he's there stability in the market is going to be next to impossible, there has to be a braking point, and no sanctions dont work.

 

Well if BTC is wrong, I dont want to be right...LOL , more GOLD FOAM coming in
tomorrow

 

That's interesting...but it's not a plan.

Let me offer a plan for our readers here, which they can adapt based on their own particular circumstances: buy a bit here...be prepared to buy more a bit lower under S&P 4,000....buy more at S&P 3,800.

Have some $$$ in cash and some in bonds but start to deploy that cash money (and some bond money if necessary) as we go LOWER. It's unlikely we go down to the low-3,000's on the S&P unless a global war breaks out and that's not a good bet to make.

Even some tech stocks are starting to look interesting down 50-75%. "Old Tech" too. Dividend payers and energy, too (but don't chase the spike).

Excercise caution but remember how past declines played out and how you played it. If you did well, repeat. If you missed out, then learn from your mistakes.