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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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9 hours ago, abenjami said:

For you that actually means something.  For all these Robinhood investors, it means they made $180 or $1,800.  LOL

Hell, more like they lost that much, but still said they made a killing.  If asked to produce a screen shot or anything to support their profit, they'd be like "Nah bro, it's all good in da hood."

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On 11/14/2020 at 8:54 PM, OILERMAN said:

I heard a podcast today that said there was new data that 60% of the people in the market with 1+ mill moved their money the week before the election. 

 

Suckers 

There's no way that's true unless by "moving money" they mean fairly typical investing.

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4 hours ago, siamesedinasour said:

There's no way that's true unless by "moving money" they mean fairly typical investing.

 

I took it to mean moving from equities into money market accounts 

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2 hours ago, OILERMAN said:

 

I took it to mean moving from equities into money market accounts 

Even still. There's no way that 60% of those with a million dollars in the market made major movements of any kind. It's the people with less money who are more likely to make major movements like that. 

 

If, instead of "moved their money" they meant "shifted a small percentage of their investments" maybe so. But that could largely be true because of a high percentage of older people specifically moving money to lower-risk investments at very volatile times.

The vast, vast majority of those with a million dollars in the market made zero major changes before, during, or after the election. That's how they have ended up with a million dollars in the market. 

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5 hours ago, siamesedinasour said:

Even still. There's no way that 60% of those with a million dollars in the market made major movements of any kind. It's the people with less money who are more likely to make major movements like that. 

 

If, instead of "moved their money" they meant "shifted a small percentage of their investments" maybe so. But that could largely be true because of a high percentage of older people specifically moving money to lower-risk investments at very volatile times.

The vast, vast majority of those with a million dollars in the market made zero major changes before, during, or after the election. That's how they have ended up with a million dollars in the market. 

 

You make a good point and could be more what was meant. 

 

My 401k is the Thrift Saving plan and it's been around since the late 80s and the people who have a mill + all have the same thing in common, they're all in equities and they don't time the market 

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