Coronavirus: when do we reach the bottom of the dip?

Same here :beers: 


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Although I share your sentiment, I wouldn’t be so absolutist about it. Investing is more an art than a science, and in the arts there’re many genres that meet different tastes. We might have a shared agreement and consensus that modern art and day trading is nonsense, but we shouldn’t kill each other on whether impressionism (value investing) is better or worse than classicism (passive indexing). I think mustachianism can be a broad church, there’s no need to to exclude anybody with sensible saving/investing strategy.

PS. And believe me, @glina drives me nuts too with his quasi-day-trading successes. I would felt much better if he lost everything on his risky bets. Then I could say “You see, I told you - passive indexing”. But it’s just not so simple. Sometimes people make money (in weird combination of luck, skill and promptness) on their bets - otherwise nobody would be trading.

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I think past continuous is the wrong tense, suggests I didn’t finish, which I did :slight_smile: . But it was 10 years ago!

I’m not trying to get academic here. I’m talking about practical use of gold. The only reason for gold to yield returns is if the demand for it goes up. You can do nothing with gold, unless you rent it out to other people who will show it off for SWAG :slight_smile:

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Just look how much people are paying in fashion for SWAG. You are underestimating peoples’ stupidity and vanity. It’s a powerful market force.

Or look at diamonds! A f&*% shinny rock - even less practical use cases (except for offering marriage) than gold.

Hey guess what. Greece (GREK) just clocked my +20% sell level from my bottom fishing last week :P.

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Don’t worry, the virus epidemic has just started in US and the economic recession will start soon (in Q2). There are going to be new lows. I haven’t seen yet a rallying stock market with radically shrinking economy in the same time.

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Super wrong, diamonds are used in drilling heads because they are super tough and hard!

And how big is this demand in comparison to jewellery?

Super small and they use synthetic diamonds.

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Another proof of peoples’ stupidity and vanity - synthethic diamonds are indistinguishable from natural ones and cheaper - yet people are still buying natural ones for rings because it feels better to buy natural rock rather than lab-created rock.

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Monday -35% and now already -26% from alltime high.

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Well, he’s just another rando on the internet, maybe he is losing it all and just pretending. :stuck_out_tongue: Does it really matter? (and no, @glina, there’s no need for you to prove it one way or the other, I don’t really care that much)

I do agree with @britbanker, though, all this talk of market/sector timing and asset picking should come with a big disclaimer to not mislead newbies. And the margin stuff even more so!

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Everyone who is just following internet recommendations w/o a grain of salt or making his own judgement should anyways not invest. I don’t think we need to put any disclaimer anywhere. I feel zero responsible for what I write here under an anonymous name.

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You also were a newbie in the past. You’re being mean to yourself in the past.

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Of course, learning from other mistakes is for free, learning from your own mistakes costs money. But yes I wished this forum would have existed 10 years earlier and I had known about it. But we don’t need a disclaimer for margin trading etc. If you want to trade with margin you have to go with IB and to trade with IB you have to pass quite a cumbersome process and even claim that you have enough trading experience. And this thread is not labelled with beginners guide to investing. Anyways, I am quite happy for glinas comments as my portfolio is performing better (a very tiny minuscule little bit) than VT and SPY since the beginning of this month.

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I expect that when Q1 results are out and we will see the damage companies are taking, as actual numbers, the markets will dip again.

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To lighten up the mood :slight_smile:
http://stockjump.sos.gd/

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Everybody is expecting that
 That’s why it might not happen.

I was thinking how much easier it is to buy on the way down rather than on the way up.
I bought VTI at 159 when it was down 7%, I bought again at 118 down 31% from the top.
Now that I have my bonus to invest it’s at 128 and it’s much more difficult to buy


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I’d rather do this:

With this one, you can launch a new cryptocurrency in no time!