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I'm going to liquidate my portfolio


abenjami

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Jfc are you a boomer? Here...    

This is one of the problems.... It could go higher for much longer and/or when you get in it could go lower much longer..... You have to guess right twice

Way back when Bush was president he signed this https://theweek.com/articles/767184/how-george-bush-broke-post-office   Around the same time my house flooded, home insurance doesn't cover fl

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8 hours ago, siamesedinasour said:

It's nuts. My Robinhood portfolio is up 14.64% in the last month. The country is damn near falling apart, but the stock market is smiling.

I'm up to +39% today after a big win. Started buying XSPA at 0.70 and averaged up until 0.90. I held for several weeks and sold out at $1.90 today then re bought the dip down to $1.52. It's back up to $2. 

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Monster open today....

 

As funny as it is to watch the market slap people across the face who really thought they knew it really is disappointing the share prices went back up so fast. 
 

If you listen to people who really understand you don’t get many chances to get prices that low. I was hoping they’d stay low for 6-12 months. It’s how you really build wealth. 

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On 6/3/2020 at 11:15 AM, OilerTitanHybrid said:

Next SPX target, 3136.  Topped out there on the dead cat bounce up 3 months ago.  See if it can bust it...

Blew 3136 out on the open gap up today.  See if it can close the week over it too.  If so, next target is basically 3260 area, the high of the big first week drop in late Feb.

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1 hour ago, OILERMAN said:

Monster open today....

 

As funny as it is to watch the market slap people across the face who really thought they knew it really is disappointing the share prices went back up so fast. 
 

If you listen to people who really understand you don’t get many chances to get prices that low. I was hoping they’d stay low for 6-12 months. It’s how you really build wealth. 

I even joked in the virus thread that the market drop was a poor excuse for a market correction lol, but it got deleted because it was connected to one of tard Jake's posts.  I had no fear that the market would spring back up and is why I bought all I could down there.  DAVid-20 was infecting all the fear mongers!

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If this keeps up I finally be able to rebalance my IRA.  My 401k rolled over into VTSAX at $80.10 and the market crashed before I could balance it out.  It's back up to $76.82 after dropping to a low of $54.49.

 

The rate of return on the new 401k is nice though.

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May have already been posted, don't know. This guys is weird, but no one else saying it...

 

https://www.youtube.com/watch?v=15pFQxG9wko

 

Edit: Im out of the russian roulette that is the SM and invest in other opportunities that are far more certain. Just an interesting video for those that are using the Wall Street method to attempt to build wealth.

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Kudos to @OILERMAN and @OilerTitanHybrid for the Bull win. You were right. I regret pulling out in March. Painful lesson to learn.

 

I’m more mad at myself for not dumping everything into airline stocks on the huge drop on May 13th. I almost pulled the trigger. Painful to sit on the sidelines. 
 

 

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11 minutes ago, Downtown said:

Kudos to @OILERMAN and @OilerTitanHybrid for the Bull win. You were right. I regret pulling out in March. Painful lesson to learn.

 

I’m more mad at myself for not dumping everything into airline stocks on the huge drop on May 13th. I almost pulled the trigger. Painful to sit on the sidelines. 
 

 

Not sure when it was, but I remember hearing that Buffett had pulled out on his airline stocks, which might have caused the slide.  Hell, he may have gotten back into them by now though, after that shit. lol

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9 minutes ago, OilerTitanHybrid said:

Not sure when it was, but I remember hearing that Buffett had pulled out on his airline stocks, which might have caused the slide.  Hell, he may have gotten back into them by now though, after that shit. lol

They were already way down before Buffett pulled out.  He actually pulled out at the wrong time, almost at the bottom.

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