ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
UNCjigga
Lifer
- Dec 12, 2000
- 25,628
- 10,333
- 136
- Aug 4, 2000
- 31,105
- 2,720
- 126
I take a man at his word until I have reason to believe otherwise. It would be nice to get more details like the instrument but thats up to him.
That being said I announced today I rebought a really small position in SQQQ in all three of my accounts around 26.90, with a target of $35.
Tweak155
Lifer
- Sep 23, 2003
- 11,449
- 264
- 126
Mai72
Lifer
- Sep 12, 2012
- 11,562
- 1,742
- 126
Say what you want. Stocks are tanking. Of course, if you're young you have time. But someone on the verge of retiring is having a very difficult time watching those numbers sink. Trump just announced that this virus is here to stay for at least August. Let's be real. Also, I don't like 401ks because they are tied too closely to the stok market. You get what is happening now. A severe downturn in the dow jones. How much was erased today? It's going to probably take many many years to get back to those historic levels. I like real estate and long term investing. I have invested in stocks as well. But, I also plan to buy property as well. Property IMO is where most people should invest their money. 401ks are a poor substitute for pensions IMO.
Tweak155
Lifer
- Sep 23, 2003
- 11,449
- 264
- 126
Being overly reliant on any one source is a bad strategy. This could apply to anything.
Mai72
Lifer
- Sep 12, 2012
- 11,562
- 1,742
- 126
Svnla
Lifer
- Nov 10, 2003
- 17,986
- 1,388
- 126
If you are about to retire or soon (within 5 years or less), you should NOT be heavily depending on equities but more into bonds and fixed income sources with minority stake in stocks.
Yar.
Amazing that you have to preach this kind of shit to people still.
At minimal, you should have enough of those non-equity assets that when you DO need to pull retirement income during a recession - you can selectively sell the non-volatile non-volatile assets and leave the equities to sell at a later date after recovery.
Something tells me Tesla is going to really regret not raising a lot more when they had the chance.
JEDI
Lifer
- Sep 25, 2001
- 29,391
- 2,738
- 126
well, if these people followed the recommended asset allocation for their age and risk tolerance, then they should be fine.
I have friends (a husband and wife) who were supposed to close on a house in 2 weeks, but now are not sure they can because they lost their down payment in the market. They LOST their DOWN PAYMENT in the MARKET. Boy do I wish they would have told me, at some point, that they had their down payment money in the market at any point in time in the last year they've been house hunting. I honestly didn't think to ask because .. like.. who the fuck does that?
This, my mother (1 year shy of FRA) has taken a fair hit to her TIRA, but she's 43% stocks and 57% bonds+cash+etc, but she has retained a significant value and still has plenty of time to recover later in retirement.
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
Something tells me you don't know anything about Tesla or what they need.
Maybe it's for the best. Things have funny way of working out.
ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
How many cars do you think they will sell outside of China between now and whenever the panic ends? Zero? And Trump is now talking about August. You're totally underestimating how quickly things are going to unravel if these shutdowns expand, and the last thing people are going to want is a luxury car.
- Aug 4, 2000
- 31,105
- 2,720
- 126
Holy @#$%. I hope they did not buy Tesla at $900 or even Apple at $335. Thousands of stocks were waaay overvalued. Entire indexes are now down 35% from the bubble highs.
Its going to be hard selling $100,000 cars that run on batteries or $2,000 cellphones during these trying times.
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- Aug 4, 2000
- 31,105
- 2,720
- 126
That may be true, but if you remember, TSLA already did a secondary around $700 ....and the stock still went up! I dont think they will be hurting for cash. Frankly all companies should have cashed in. Instead, the majority of them were buying back shares to please shareholders and feed the stock market bubble and going into debt to do it.
Going into debt to buyback shares is really pretty stupid, but lots of companies are cowed into it by "activist" investors like Carl Icahn and other hedge funds. Companies should preserve cash for expansions, pay cash dividends or to weather storms like the one we are in now. When their stocks get frothy, they need to issue shares and payoff all debt, not go into debt because they can borrow really cheap.
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futures are somewhere in the middle this morning - was up a little, then down a little, now back up a little.
zinfamous
No Lifer
- Jul 12, 2006
- 111,904
- 31,422
- 146
yeah, I'm wondering what the proper comparable value is pre-corona after the dilution on Friday. I'm thinking of putting a pile of money into SPCE "very soon," but wondering if it's really 1/3rd the cost or maybe only 1/2. ...
KB
Diamond Member
- Nov 8, 1999
- 5,406
- 389
- 126
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