@Zerte2 You are right, this is risky. And I promised myself not to stock pick anymore. And since I can’t stop myself from doing that, I’m going to pick and bet on long term growth instead of short term rebouds :-).
@Cortana
Nobody cares (or should care) about a lost quarter or two. When you buy shares in a company, you care about profits it is likely to generate in the upcoming 10 years or so. This is the mechanism of stock price appreciation. If somebody wants to sell that company to you at -30% discount because of a lost quarter (which totally wont matter in a longer timescale) then you should be the buyer, not the seller.
I don’t fool myself that “helping” companies through money printing will be beneficial in the long term. I think a big part of the reason why the markets react so strong is that the price setting mechanism has been effed up by money printing.
Is anyone else gambling a bit (only with “fun money”) with options right now? I made some money with puts in the last two weeks, then some money yesterday with calls and bought puts 1min before closing yesterday evening. Not as a long term investing strategy, more as a quarantine activity.
I know that this is absolutely not the Bogleheads way, but I went all cash anyway end of January because what happened in China frightened me and don’t have regrets so far (I’m hoping to make some money during the recovery)
Almost the same title than our thread here. But we started already on 25 February, on Bogleheads they started the topic only on 28 February and got “only” 412 posts so far.
I did gamble with puts in January-February on Nasdaq and Tesla when it went parabolic (the RobinHood trader rush) but now I’ve stopped, the market is too unpredictable, plus Swiss market makers seem to withdraw their usual bid/ask amounts.
100k infected in Ohio, seriously? 3 millions in USA? You think its at all possible? Even if, then for most people it goes without symptoms, otherwise we would know.
Also, the guys who claim they sold at the peak. They can say what they want, how can you verify?
I paid 2x 1000 CHF for a ticket with SWISS to USA, going shortly after the 30-day ban. You think there is any chance I could fly? If not let’s hope SWISS doesn’t go bankrupt before they can give me my money back
If you speculate or daytrade you need to see it as a competitive game. There are people who want to buy your stocks cheaper and they’ll do whatever it takes. Do you have the edge?
Conviction that things get worse before they get better is not an edge, it’s an obstacle. Everybody knows that. Be careful before getting involved in this game.
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