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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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If you didn't get out any before some of the sell-off, just ride it out. It's gonna be bumpy for the next year or so, but it will stabilize and take off again.

Edited by cenj
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10 hours ago, OILERMAN said:

If you got out you're doing it wrong, this thread is proof of that

Look, I'm with you on the general sentiment. But this is like the "you always double down" bit in Swingers.

 

I sold a bunch of stuff earlier this year to hold cash and wait for the drop. It's dropped. It's not what I recommend people always do and it's not my normal, but this was such an easy prediction. 

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2 hours ago, cenj said:

I sold a bunch of stuff earlier this year to hold cash and wait for the drop. It's dropped. It's not what I recommend people always do and it's not my normal, but this was such an easy prediction. 

 

No one can time the market, it's been proven. 

 

I saw a study that people who successfully(lucky) time the market end up losing more money over time than people who are unsuccessful because they think they can do it and keep trying it. 

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53 minutes ago, OILERMAN said:

 

No one can time the market, it's been proven. 

 

I saw a study that people who successfully(lucky) time the market end up losing more money over time than people who are unsuccessful because they think they can do it and keep trying it. 

 

Similar to  criminals. If they get away with a crime they keeping doing bigger crimes until they get caught and then do serious time.  Lucky ones get caught on petty stuff and learn a lesson. 

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