Poll - The Stock Market and Vintage Sales

[Casey2296]

Originally Posted by bk400

Looking at Treasury yields now, it looks like people are indeed selling. The flight to safety might indeed be to somewhere other than America.

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I can't imagine another country where I would feel safer with my money and potential growth over time than the US stock market. By a wide margin...
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[ullmandds]

Originally Posted by Casey2296

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I can't imagine another country where I would feel safer with my money and potential growth over time than the US stock market. By a wide margin...
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I felt this way until recently. The markets don't like chaos...and that's what america voted for...and that's what we'll have.

[Johnny630]

Many times when chaos hits the markets it's how people with guts willing to take a chance get wealthy. It can only happen if they have the cash to deploy into US equities and the stones to do it...you only have to get rich once.

[ullmandds]

I'm certainly not disputing that argument that chaos breeds opportunity...BUT...the odds of "guessing" correctly are not great...and the majority is getting hurt.

[EddieP]

Originally Posted by Johnny630

Many times when chaos hits the markets it's how people with guts willing to take a chance get wealthy. It can only happen if they have the cash to deploy into US equities and the stones to do it...you only have to get rich once.

That’s what I did a day after Bear Stearns collapsed in 2008. But then again, I was young and reckless.

[Johnny630]

Originally Posted by EddieP

That’s what I did a day after Bear Stearns collapsed in 2008. But then again, I was young and reckless.

You had the guts and I bet it paid off for you. Good Job !!

[EddieP]

Originally Posted by Johnny630

You had the guts and I bet it paid off for you. Good Job !!

It was easier to guess at that time. Warren Buffett was called in to give advice and vouch for financial institutions. Those in charge didn’t want the economy to tank. Today all bets are off. I harvested my losses and put them in cash. I’m not convinced with 5-10 year treasuries and I may not live long enough for the 20-30 year treasuries to mature.

[ullmandds]

Originally Posted by EddieP

It was easier to guess at that time. Warren Buffett was called in to give advice and vouch for financial institutions. Those in charge didn’t want the economy to tank. Today all bets are off. I harvested my losses and put them in cash. I’m not convinced with 5-10 year treasuries and I may not live long enough for the 20-30 year treasuries to mature.

definitely scary times...imho...I was contemplating an early retirement in a few years but now that is not likely! The "president" will take the country/world economy down just to get his way...right or wrong...and that's damn scary.