OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[vital_signs]

As most have stated this all feels like reactions to headlines, once earnings start coming in it will be hard to ignore the impact of shutting down the country. I say this as a guy just wishing for more dips. I also have a hard time buying after missing a dip even if my gut still says its a deal. Still working on getting emotions out of my buys.

With that being said I have a cuticle in Yeti and am looking to jump in.

[sidney lanier]

I have been patiently waiting on airlines, I think there is another major drop, probably around the time the next earnings calls are up, but if I can get into United at something like 12-15 a share, that seems like there is a lot of money to be made, when things normalize.

Well, what the hell do I know, airlines surging today.

Just 1 day. American Airlines can very well go down 20% tomorrow.

As a proud owner of AAL, I say bite your tongue. But as I posted earlier, these airline stocks will take you for a bumpy ride. I'm not counting my money just because American went up almost 11% today, but I do think you have to think about things in terms of fundamentals and not try to guess where the bottom is. And in this nightmarish time I don't think near-term quarterly earnings count as fundamentals.

Buffett's thoughts on this:

When asked in February about the market declining amid coronavirus concerns, Buffett said, "That's good for us actually. We're a net buyer of stocks over time." He went on to compare it to how consumers view prices of food. "Just like being a net buyer of food, I expect to buy food the rest of my life -- and I hope that food goes down in price tomorrow." He concluded: "When stocks go down, we're going to be buying on balance." There was no mention of waiting to buy after the market has fallen to a certain level.

While Buffett doesn't advise investors to try to predict a bottom before they start buying stocks, he does clearly assert that downturns are opportunities to buy. "A market downturn doesn't bother us. It is an opportunity to increase our ownership of great companies with great management at good prices," Buffett has said.

Of course, another sage word of advice for times like these is one of Buffett's most famous lines of all: "Be fearful when others are greedy and greedy when others are fearful."

https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx

[DrWood]

Timing the market is a fool's game, but if I want to harvest some losses to reduce my tax income (then buy other securities), should I do it now or wait a while?

I'm pretty much a buy and hold investor, and I'm only in the red on a few things, but I'm trying to make lemonade with the lemons I've been dealt.

[MickeyDavis]

Be careful of the wash sale rule if selling for a tax loss and rebuying something similar

[jschligs]

6.6 million jobless, 10 times our worst ever, and the fed is doing what they should do (it's baked in) and we see futures green. Gotta love America! Ordering calls yesterday would be great. I had a 273 SPY call expiring tomorrow that never went through thanks to Robinhood. Really shooting myself now.

[Stannis]

Well, what the hell do I know, airlines surging today.

Just 1 day. American Airlines can very well go down 20% tomorrow.

As a proud owner of AAL, I say bite your tongue. But as I posted earlier, these airline stocks will take you for a bumpy ride. I'm not counting my money just because American went up almost 11% today, but I do think you have to think about things in terms of fundamentals and not try to guess where the bottom is. And in this nightmarish time I don't think near-term quarterly earnings count as fundamentals.

Buffett's thoughts on this:

When asked in February about the market declining amid coronavirus concerns, Buffett said, "That's good for us actually. We're a net buyer of stocks over time." He went on to compare it to how consumers view prices of food. "Just like being a net buyer of food, I expect to buy food the rest of my life -- and I hope that food goes down in price tomorrow." He concluded: "When stocks go down, we're going to be buying on balance." There was no mention of waiting to buy after the market has fallen to a certain level.

While Buffett doesn't advise investors to try to predict a bottom before they start buying stocks, he does clearly assert that downturns are opportunities to buy. "A market downturn doesn't bother us. It is an opportunity to increase our ownership of great companies with great management at good prices," Buffett has said.

Of course, another sage word of advice for times like these is one of Buffett's most famous lines of all: "Be fearful when others are greedy and greedy when others are fearful."

https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx

Yea, I'm with you. I wish I bought AA at $8. But I already bought Delta. And I bought a bunch of other stocks too (several oil stocks). So I already took some risk. I was just saying, I don't expect airlines or oil to continue to post gains week after week. And in no way are the naysayers wrong right now because airlines and oil have been rallying this week. They can very well go down again just as fast.

I'll wait for another dip of AA and probably buy. As I feel just sticking with 1 airline is a mistake because at least one of the airlines (imo) will dissolve.

[MartyConlonOnTheRun]

I know 2 people who got laid off in the past 2 days. I assume there will be another wave in next weeks numbers.

[sidney lanier]

Just 1 day. American Airlines can very well go down 20% tomorrow.

As a proud owner of AAL, I say bite your tongue. But as I posted earlier, these airline stocks will take you for a bumpy ride. I'm not counting my money just because American went up almost 11% today, but I do think you have to think about things in terms of fundamentals and not try to guess where the bottom is. And in this nightmarish time I don't think near-term quarterly earnings count as fundamentals.

Buffett's thoughts on this:

When asked in February about the market declining amid coronavirus concerns, Buffett said, "That's good for us actually. We're a net buyer of stocks over time." He went on to compare it to how consumers view prices of food. "Just like being a net buyer of food, I expect to buy food the rest of my life -- and I hope that food goes down in price tomorrow." He concluded: "When stocks go down, we're going to be buying on balance." There was no mention of waiting to buy after the market has fallen to a certain level.

While Buffett doesn't advise investors to try to predict a bottom before they start buying stocks, he does clearly assert that downturns are opportunities to buy. "A market downturn doesn't bother us. It is an opportunity to increase our ownership of great companies with great management at good prices," Buffett has said.

Of course, another sage word of advice for times like these is one of Buffett's most famous lines of all: "Be fearful when others are greedy and greedy when others are fearful."

https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx

Yea, I'm with you. I wish I bought AA at $8. But I already bought Delta. And I bought a bunch of other stocks too (several oil stocks). So I already took some risk. I was just saying, I don't expect airlines or oil to continue to post gains week after week. And in no way are the naysayers wrong right now because airlines and oil have been rallying this week. They can very well go down again just as fast.

I'll wait for another dip of AA and probably buy. As I feel just sticking with 1 airline is a mistake because at least one of the airlines (imo) will dissolve.

The start of another strong day today, and I have no idea what the hell it means. I agree with you that it would be foolish to expect this roller-coaster to suddenly turn into a train on a plain. I'll be watching for dips, too, with checkbook out.

[BucksFanSD]

Maybe we hit an all-time stock record high by the end of next week.

[Stannis]

As a proud owner of AAL, I say bite your tongue. But as I posted earlier, these airline stocks will take you for a bumpy ride. I'm not counting my money just because American went up almost 11% today, but I do think you have to think about things in terms of fundamentals and not try to guess where the bottom is. And in this nightmarish time I don't think near-term quarterly earnings count as fundamentals.

Buffett's thoughts on this:

Yea, I'm with you. I wish I bought AA at $8. But I already bought Delta. And I bought a bunch of other stocks too (several oil stocks). So I already took some risk. I was just saying, I don't expect airlines or oil to continue to post gains week after week. And in no way are the naysayers wrong right now because airlines and oil have been rallying this week. They can very well go down again just as fast.

I'll wait for another dip of AA and probably buy. As I feel just sticking with 1 airline is a mistake because at least one of the airlines (imo) will dissolve.

The start of another strong day today, and I have no idea what the hell it means. I agree with you that it would be foolish to expect this roller-coaster to suddenly turn into a train on a plain. I'll be watching for dips, too, with checkbook out.

I have no idea what it means either, and I don't think these "analyst" know either.

I thought about selling now so I can take a bigger cash position, but just can't do it. Do I think the market will dip again? Yes. But I've been mostly wrong trying to predict this virus market.

I think we've been rallying a lot due to new "investors". I think there's a lot of buyers now mostly because of the new free trading apps/brokers, online communities, and free resources. I know several people personally who never invested before, and are buying airlines, cruises, and oil. Because they think it's as simple as "buy low, sell high". I can't help believe there are millions of others like them which is contributing to these rallies.

[HurricaneKid]

Everyone assumes this is about Coronavirus prognostications improving substantially. I have really come to believe something completely different.

The new fed rules effectively make it simple to print money and back companies even if they are in a death spiral without any political blowback and without any consequences.

The CPI has been rigged to show inflation to be far smaller than it actually is for a long time. But I think we are starting to get an idea of just how open the Fed is to taking massive positions and risk on behalf of corporate giants without participating in the profits. The treasury has been handed to our corporate overlords.

And this is a BFD no one seems interested in discussing.

Sent from my SM-G955U using RealGM mobile app

[MickeyDavis]

This "printing money" thing, which is what they are essentially doing, will have long term effects. Bad long term effects. I get why they are doing it but there's a price to be paid down the road as well.

[jschligs]

This "printing money" thing, which is what they are essentially doing, will have long term effects. Bad long term effects. I get why they are doing it but there's a price to be paid down the road as well.

That's what I've been saying all along. They have to do it to keep us from complete disaster, but spending $50b a day (now reduced to $30b) buying up whatever is going to crush us long term. No idea when that is.

[midranger]

Inflation is a tax we all pay. They don't call it a tax because people become IRATE when THEIR taxes go up. But make no mistake, it is indeed the tax we pay direct to billionaires.

[HurricaneKid]

This "printing money" thing, which is what they are essentially doing, will have long term effects. Bad long term effects. I get why they are doing it but there's a price to be paid down the road as well.

The 2T in stimulus on top of the 1T we were already set to add to the deficit this year is but a drop in the bucket if the Fed is going to be able to buy corporate bonds, even junk bonds, without oversight or consequence.

Derivatives is already a 700T market. We just seem intent on spending whatever it takes as long as it takes. And this from the party of fiscal conservatism.

Sent from my SM-G955U using RealGM mobile app

[BucksFanSD]

S&P had it's best week in 46 years. Only needed a 4 day week too.

Let's hope the printer doesn't jam now.

[vital_signs]

Yea, I'm with you. I wish I bought AA at $8. But I already bought Delta. And I bought a bunch of other stocks too (several oil stocks). So I already took some risk. I was just saying, I don't expect airlines or oil to continue to post gains week after week. And in no way are the naysayers wrong right now because airlines and oil have been rallying this week. They can very well go down again just as fast.

I'll wait for another dip of AA and probably buy. As I feel just sticking with 1 airline is a mistake because at least one of the airlines (imo) will dissolve.

I think we've been rallying a lot due to new "investors". I think there's a lot of buyers now mostly because of the new free trading apps/brokers, online communities, and free resources. I know several people personally who never invested before, and are buying airlines, cruises, and oil. Because they think it's as simple as "buy low, sell high". I can't help believe there are millions of others like them which is contributing to these rallies.

I imagine it's a little bit of new investors and old money loading up. One of my bud's father just dropped in 500k (must be nice) to take advantage of the prices.

[MickeyDavis]

S&P has to go up 21.6% just to get back to it's 52 week high.

[DrWood]

Be careful of the wash sale rule if selling for a tax loss and rebuying something similar

Yeah, I wonder how similar they have to be. If I sell an energy company and buy another energy company, I get it. If I sell a large cap mutual fund and buy a different large cap fund, is that too close?

[ejn1214]

Well, what the hell do I know, airlines surging today.

Just 1 day. American Airlines can very well go down 20% tomorrow.

As a proud owner of AAL, I say bite your tongue. But as I posted earlier, these airline stocks will take you for a bumpy ride. I'm not counting my money just because American went up almost 11% today, but I do think you have to think about things in terms of fundamentals and not try to guess where the bottom is. And in this nightmarish time I don't think near-term quarterly earnings count as fundamentals.

Buffett's thoughts on this:

When asked in February about the market declining amid coronavirus concerns, Buffett said, "That's good for us actually. We're a net buyer of stocks over time." He went on to compare it to how consumers view prices of food. "Just like being a net buyer of food, I expect to buy food the rest of my life -- and I hope that food goes down in price tomorrow." He concluded: "When stocks go down, we're going to be buying on balance." There was no mention of waiting to buy after the market has fallen to a certain level.

While Buffett doesn't advise investors to try to predict a bottom before they start buying stocks, he does clearly assert that downturns are opportunities to buy. "A market downturn doesn't bother us. It is an opportunity to increase our ownership of great companies with great management at good prices," Buffett has said.

Of course, another sage word of advice for times like these is one of Buffett's most famous lines of all: "Be fearful when others are greedy and greedy when others are fearful."

https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx

https://www.fool.com/investing/2020/04/06/warren-buffett-sells-airline-stocks-in-an-abrupt-r.aspx

Who knows. Airline, service, casino, oil stocks could all be at huge discounts and probably are over the long term. All I know is a bunch of small/midcap stocks suffered for no reason and are at a huge discount as well.