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Debating with the enemy Discuss politics, current events, and other hot button issues here. |
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03-12-2020, 11:42 AM | #1 |
\m/
Join Date: Feb 2004
Location: NY
Age: 51
Posts: 99,383
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stocks in meltdown mode
Figured we could cry in our beers here
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03-12-2020, 11:47 AM | #2 |
Living Legend
Join Date: Sep 2010
Location: Hanahan, South Carolina
Age: 41
Posts: 19,793
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Re: stocks in meltdown mode
Not even looking at my 401K. Ignorance is bliss.
But FU China!
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03-12-2020, 07:28 PM | #3 |
Gamebreaker
Join Date: Apr 2006
Posts: 13,875
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Re: stocks in meltdown mode
A Pension Fund Trustee told me that our fund took a big hit.
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03-12-2020, 12:19 PM | #4 |
Warpath Hall of Fame
Join Date: Mar 2009
Posts: 34,225
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Re: stocks in meltdown mode
when Buffet was asked how much did he lose in the 2008 meltdown..he said nothing, because he never sold.
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03-12-2020, 12:31 PM | #5 |
\m/
Join Date: Feb 2004
Location: NY
Age: 51
Posts: 99,383
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Re: stocks in meltdown mode
I know gotta keep the long road view but it's tough right now when you're getting dick punched daily
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03-12-2020, 12:37 PM | #6 |
Warpath Hall of Fame
Join Date: Mar 2009
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Re: stocks in meltdown mode
I put everything into toilet paper with folks like Buffalo loading pallets in their truck
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03-12-2020, 12:43 PM | #7 |
\m/
Join Date: Feb 2004
Location: NY
Age: 51
Posts: 99,383
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Re: stocks in meltdown mode
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03-12-2020, 05:22 PM | #8 |
Special Teams
Join Date: Oct 2017
Posts: 366
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Re: stocks in meltdown mode
Good time to buy while its a red hot sale. For me its a game of when to buy. Waiting until I think its hit rock bottom then I have a few stocks I'm going to purchase.
When VW got caught cheating those emissions test I waited until their stock bottomed out and purchased $5,000 worth. I made a small fortune of that. |
03-12-2020, 05:27 PM | #9 |
Playmaker
Join Date: Sep 2019
Posts: 4,568
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Re: stocks in meltdown mode
You think this is the bottom? I am going to be cautious, I really dont know where the bottom will be. if you thought is was last week and went all in then ..... yesh.
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03-12-2020, 05:34 PM | #10 |
Special Teams
Join Date: Oct 2017
Posts: 366
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Re: stocks in meltdown mode
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03-12-2020, 05:37 PM | #11 |
Special Teams
Join Date: Oct 2017
Posts: 366
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Re: stocks in meltdown mode
I'm waiting for Bank Of America now at $20 to get between $16 to $14 a share and I'm buying maybe 300 shares. I've made good money of them tanking in the past. I sold my last BOA stock at $38 and my average purchase price was $13.
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03-13-2020, 12:35 AM | #12 |
Playmaker
Join Date: Dec 2008
Posts: 4,712
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Re: stocks in meltdown mode
Any other tips on what might be good stocks to buy low? (Because i know nothing but have some money to play with and what better place to get financial advice than a sports team fan forum, right?)
Sent from my iPhone using Tapatalk
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03-16-2020, 06:02 PM | #13 | |
Living Legend
Join Date: Aug 2008
Age: 57
Posts: 21,307
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Re: stocks in meltdown mode
Quote:
Speaking of tech, could you imagine how much worse this would be with remote learning, virtual meetings, and telework. Crazy. Sent from my SM-G973U using Tapatalk |
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03-16-2020, 09:59 PM | #14 |
Gamebreaker
Join Date: Apr 2006
Posts: 13,875
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Re: stocks in meltdown mode
I wait and do CD's or a MM account till the market settles down .
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....DISCLAIMER: All of my posts/threads are my expressed typed opinion and the reader is not to assume these comments are absolute fact, law, or truth unless otherwise stated in said post/thread. |
03-16-2020, 05:15 PM | #15 |
Warpath Hall of Fame
Join Date: Mar 2009
Posts: 34,225
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Re: stocks in meltdown mode
pure panic
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