any money you’re betting is the cost of entertainment for the evening
I wish more people thought this way. When I go with this mindset I’m never upset when I lose. I tell my friends it’s like an adult arcade, you pay to play the game not to win the prizes.
And use 10x the electricity to get this slop.
abolish billionaires and extreme wealth inequality
This needs to be done first before any universal support is even possible. The billionaires are stealing our universal everything.
Some of the photo backups I stored on Google Drive were corrupted over time. Lucky I had other backups. No issues anywhere else, only Google corrupted files. I will never trust their storage again.
Try not to die for your country or beliefs. Make the other guy die for theirs.
I’m not offended. I was a bit of an asshole though and I apologize for that but I wasn’t offended. Your point about timing the market was valid.
I know it wasn’t personal but you did ‘attack’ my comment. Not the right word but I hope you get my meaning.
Advising people to try to time the market is terrible advice.
This is why I replied the way I did. I was not giving advice, but we know that already.
As for you advising new investors, good on you. I was not trying to do that. I was trying to answer a hypothetical question with knowledge from personal experience.
I actually considered writing “This is not financial advice” in the original comment but thought my preface was enough.
I agree with you about not timing the market.
I did not give advice. I answered a hypothetical question. I even prefaced my response to show I wasn’t knowledgeable. Did you miss that part? It was right there at the beginning of the text that you have a problem with.
Okay. Now I understand. Thanks for taking the time to clear that up for me.
To be clear, I didn’t want it to sink and agree that it didn’t have to. That’s beside the point.
I don’t understand how the money would have grown just as fast. I suspect I’m not understanding your point properly.
In this example, the math shows ~$3000 gains from holding if the market never went down. That is less than the potential of ~$10,800 from selling high and rebuying.
I’m not an expert but this is my understanding and it has made me money during this time.
Imagine Bob sells 100 shares of SPY at $600. He now has $60,000. If Bob did nothing else and waited 2 months he would now be able to buy 118 shares of SPY.
Alice held the 100 shares of SPY the entire time.
For Alice her ownership remained the same but her value decreased. Bob, on the other hand, keeps the same value and increased his total ownership.
If SPY increases in value back to $600 then Alice is a wash and Bob has an increase equal to the value of the additional shares purchased while the price was low. So 18 extra shares would net a profit of $10,800.
A 7-10% annual return can be expected during normal market conditions. It has been 4 months since normal markets. So the value of SPY should have trended upwards a bit less than 1% per month. Let’s give it a generous estimate that it would have gone up 5% since Trump 2. In this case Bob would have lost money and Alice would have increased her value $3000.
So Bob made more money in the same amount of time by selling.
Yes there is a gain from 5 years.
Currently we are very near 1 year lows. This is the issue at hand. Not whatever straw man y’all decide to attack next.
Maybe you should go look yourself.
The context is not about retirement. This thread is about the recovery from the current downtrend.
So why did you skip mentioning the other time scales? You only mentioned from one that was contradictory, not the ones that support the topic. I suspect you are commenting in bad faith.
You’re looking at the wrong time frame. Try looking at the past year or year to date. Both are very bad.
Why would you look back 5 years?
In this context states mean countries or nations.
Yes there is a tax penalty. as I said in the original comment.
However, that tax is less than the amount lost since December. As I said in the original comment.
Trump was elected in November. I had every cent moved out of US stocks by mid December. My tax burden is already less than what I would have lost if I kept them money where it was.
There was plenty of time if you were paying attention. If you didn’t move your money, unfortunately, that’s on you.
Edit: SPY puts with 20%. The 40% bonds. 30% forex. 10% cash. But what the fuck do I know. I didn’t make any money and you all know exactly what you’re talking about and I’m full of shit.
Umm… didn’t they close the Department of Education?
You asked for evidence.
Then you disputed the evidence presented.
Then you admit that there was evidence but not enough to prosecute. That was the same evidence you just disputed.
Seems like you won’t be satisfied with anything other than your preconceived beliefs.