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Post by bobfl on May 4, 2022 21:00:59 GMT
May 5th - Another day to remember.
Next time I should look at my portfolio is when Powell signals he will stop raising rates.
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Post by retiredat48 on May 4, 2022 21:19:24 GMT
Yes...I did some buying today, including a 2 yr treasury bond fund, just before fed announced changes/ Powell speaking. Lucky call...as rates fell dramatically.
R48
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Post by bobfl on May 5, 2022 15:33:23 GMT
bobfl , Ha. Ha. I only remember the flash crash in the late 80’s, -25% or something like that. Made me realize how much any uptick (or downword spiral) in markets can be illusionary short or longer term unless you act on the opportunity. Market movements remain an unknown. I feel good all the time by the way, beats the bank (cash) pretty much whatever you do. As far as fleeing to cash “it’s time in the market (compounding at higher rates) not timing an unknown” which leads to the greatest net worth. Agreed. Guess you could say this was a flash crash. Everything I bought was 22-26% off. Investment grade, tax qualified. No, a person should not try to time the market. I try to use what I learned from my 25 years in the market to capture what I gain, periodically. I always felt it was nothing to gain a $, but painful to lose a $. I don't like pain, so capture it. Sounds like market timing but really just saying, "This crap is really high, I will just lock in the gain". And wait until something crashes to get back in. The key to the greatest net worth is recognizing that something crashes all the time. To the drinker, it is the saying, "It is always 5 o'clock somewhere" ; to me, "There is always a crash somewhere." If not, wait a couple of months. |
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Post by racqueteer on May 5, 2022 16:28:13 GMT
I’m thinking that May 5th, 2022 is going to be the day to remember! 8^b
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Post by bobfl on May 5, 2022 17:43:15 GMT
I’m thinking that May 5th, 2022 is going to be the day to remember! 8^b  Always something! It is fun. Today they blame it on the lowest productivity reading since 1947. Then there is the high wage gains. Then there is the fear of recession, which is great for fixed income; bad for stocks. There is something to blame everyday. But the credit markets aren't being affected today, Mike Santoli says. (I think because the credit market wants a recession.) The only thing that matters to me is the final fed rate before they stop. We will not know that for a long time. |
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mikes425
Commander
generally happy in semi-retirement and dividend income-land
Posts: 126
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Post by mikes425 on May 5, 2022 18:27:48 GMT
One of those nowhere to run nowhere to hide days as far as I can see... bond funds are no salvation in this situation - well, other than they're losing a little less than equity...if that's consolation.
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Always something! It is fun. Today they blame it on the lowest productivity reading since 1947. Then there is the high wage gains. Then there is the fear of recession, which is great for fixed income; bad for stocks. There is something to blame everyday.
