14 replies to this topic

[andr99]

the bunch of mothe@@@@@@ that manipulate the stock markets don' t want to lack anything in order to push everybody out of the market before it takes the right direction

[andr99]

possibly when Europe closes, in little more than an hour, they turn upside.......an already seen movie and seen again several times 

[pdx5]

I hope SPX stay down 2.70% today. Because I have order in to buy SP500 index fund at closing price today.

Adding 3% from money market today. There is no need to jump in without a parachute. Market wants to stay low for some time.

FIB, I have no stop loss orders when buying index funds in SPX. Will review after holding 1-3 years.

[fib_1618]

FIB, I have no stop loss orders when buying index funds in SPX. Will review after holding 1-3 years.

 

Nice to know that at age 82 that your pockets are deep enough to continue to leverage down without any kind of protection.

 

Remember, a plan like this only works in bull markets. In bear markets, like the one we had in 2000-2003 where the NASDAQ lost 80% of its value and the SPX 50%, the key is to have enough funds to come back another day (capital preservation), or in your case, before you pass away and maybe leaving your beneficiaries with very little to help enrich their lives.

 

Good luck!

 

Fib

[slupert]

 

FIB, I have no stop loss orders when buying index funds in SPX. Will review after holding 1-3 years.

 

Nice to know that at age 82 that your pockets are deep enough to continue to leverage down without any kind of protection.

 

Remember, a plan like this only works in bull markets. In bear markets, like the one we had in 2000-2003 where the NASDAQ lost 80% of its value and the SPX 50%, the key is to have enough funds to come back another day (capital preservation), or in your case, before you pass away and maybe leaving your beneficiaries with very little to help enrich their lives.

 

Good luck!

 

Fib

 

No truer words have ever been spoken, but nobody belives it.

[12SPX]

True and I'm one of the believers that thinks this won't end till were down -50% but pdx has done it right selling the highs and buying the lows with all the rallies and sell off's so the same rules apply in bull and bear markets.  There will be plenty of money left for people, averaging in is the smartest way to go just in case we don't go down -50%, he has his levels he's buying at...

[pdx5]

Averaging down in bear markets after a 25% decline has worked nicely in my past trading. 

I do not use any money I will need in next 3 to 5 years. 

The sooner I get in , the sooner I become eligible for long term cap gain tax rates.

Since I expect to make it to age 100, there is plenty of time to wait for bull markets to return

 

Thanks for the good wishes from FIB and kind words from SPX 12. That means a lot to me..

Edited by pdx5, 07 October 2022 - 02:03 PM.

[pdx5]

Hey tennis star SPX 12, I really do not believe SPX will go down 50% from current levels. May be 50% down from highs in January is possible (2400?). At 3000 level there should be a flood of money coming into the market.

[trioderob]

PDX5 - 

 

you are 5 years past the average age that most Men die in the United States - why worry about all this ?

 

travel the world and enjoy 

 

in the past 5 years I have made it to over 50 countries - thats more important at your age then knife catching in a bear market 

[12SPX]

Oh ya that's what I mean not -50% from here, around 2400 yes, think there will be lots of rallies inbetween though as I have also said, this is a grind grind grind market, not going anywhere quickly!!  Thanks for call me a tennis start though lol!!!