Mdawgs Investments
Wall St. has a 40% off sale and the sheeple panic
Then again I don’t understand why people still buy Apple products either but almost everyone does so I probably just don’t understand consumers. Demand for Tesla I’d think would be higher than ever with the oil issues.
Quote: mcallister3200As a consumer I don’t really understand why NFLX would recover without a major business model shift or merger. Amazon Prime’s content is competitive with NFLX in and of itself IMO before you even consider the main benefit of the free shipping on most items. And NFLX is raising prices now.
Then again I don’t understand why people still buy Apple products either but almost everyone does so I probably just don’t understand consumers. Demand for Tesla I’d think would be higher than ever with the oil issues.
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Netflix is so so. I have it. Too many dubbed movies and not enough A quality movies. Plenty of B (and C) movies I never heard of with no name actors and bad plots and acting. The problem with Netflix production is they chose quantity over quality.
I use Apple products and have never looked back. No virus software. No virus scans. No Norton. No malware, no spyware. No hacks. No hijacking. 14 years now. Plus, the software is the same from phone, to iPad to iMac to watch. I’ll never give it up. I’m done with open source software. Too many leaks.
The Macs I totally understand, superior product to most competitors. The phones and tablets, imo, are equal or lower quality than competitors for higher prices which is mainly where I fail to understand it. More apps made compatible than competitors and things like FaceTime once people are in it’s very inconvenient to get out.
Paraphrasing Churchill: This is not the end, this is not the beginning of the end...and this is not even the end of the beginningQuote: TDVegas
Not sure where the bottom is…but these are some pretty bad losses. I don’t see a bottom either. Take years possibly to recoup, especially FB, NFLX.
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The smart money is already out of the market, before the fire sale. Sell at the wedding, buy at the funeral.Quote: billryanMacy's has a 40% off sale and the sheeple run in.
Wall St. has a 40% off sale and the sheeple panic
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Quote: Ace2Yep, just like the real estate market. It's gonna keep going up 30% per year forever!!! This is definitely not a bubble...this time it's different. Normal valuation measures do not apply to this market.Quote: MDawgStock market definitely stalling of late, but when it gets going again it will g-g-g-o do not worry!
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Sound familiar?
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I wish I could have caught just one of these rides...
The go-go stocks of the 1960s...
The Miami condo craze of the 1970s...
The stock market run of the last two years...
The real estate run of the last two years...
Bitcoin...
Palladium...
Just one craps session of never fewer than 28 rolls...
Next, YES, stocks are down considerably but down from their highs, not necessarily even down from where they were a year ago. For example AAPL was in the 120s one year ago, in the 150s today.
Just take a look at the very first post in this thread, from exactly two years ago. There was some kind of downturn going on right then too, but we roared again, soon afterwards.
To say that "it will be years" before a given stock recovers is to not understand the market. Two or three weeks is an eternity in this marker - years is the equivalent of eons. Time and again I've seen people online post that it will be years before say AMZN recovers, only to eat their words within a matter of days.
Quote: Ace2Alan: if you're impressed by 28 rolls then you are definitely a tourist. Locals have these rolls constantly
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Yes. I'm impressed. Very impressed. Super duper impressed.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
Quote: billryanStocks will not always be at their All-time Highs. To think they always will be shows a fundamental misunderstanding of the markets.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
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You use "price averaging."
Those opposed to price averaging (buying more shares when prices go down) call it "throwing good money after bad." Their alternative is only to buy when prices are going up.
Quote: AlanMendelsonQuote: billryanStocks will not always be at their All-time Highs. To think they always will be shows a fundamental misunderstanding of the markets.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
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You use "price averaging."
Those opposed to price averaging (buying more shares when prices go down) call it "throwing good money after bad." Their alternative is only to buy when prices are going up.
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It's not about buying more when the price goes down, it's about investing regularly. It's not a secret formula. Invest young and invest regularly and your retirement will be a lot more fun.
Quote: billryanQuote: AlanMendelsonQuote: billryanStocks will not always be at their All-time Highs. To think they always will be shows a fundamental misunderstanding of the markets.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
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You use "price averaging."
Those opposed to price averaging (buying more shares when prices go down) call it "throwing good money after bad." Their alternative is only to buy when prices are going up.
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It's not about buying more when the price goes down, it's about investing regularly. It's not a secret formula. Invest young and invest regularly and your retirement will be a lot more fun.
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Under the assumption you’re still alive or alive enough to enjoy it.
Quote: mcallister3200Quote: billryanQuote: AlanMendelsonQuote: billryanStocks will not always be at their All-time Highs. To think they always will be shows a fundamental misunderstanding of the markets.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
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You use "price averaging."
Those opposed to price averaging (buying more shares when prices go down) call it "throwing good money after bad." Their alternative is only to buy when prices are going up.
link to original post
It's not about buying more when the price goes down, it's about investing regularly. It's not a secret formula. Invest young and invest regularly and your retirement will be a lot more fun.
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Under the assumption you’re still alive or alive enough to enjoy it.
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If you want a sure thing, insure your blackjacks.
Quote: mcallister3200Quote: billryanQuote: AlanMendelsonQuote: billryanStocks will not always be at their All-time Highs. To think they always will be shows a fundamental misunderstanding of the markets.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
link to original post
You use "price averaging."
Those opposed to price averaging (buying more shares when prices go down) call it "throwing good money after bad." Their alternative is only to buy when prices are going up.
link to original post
It's not about buying more when the price goes down, it's about investing regularly. It's not a secret formula. Invest young and invest regularly and your retirement will be a lot more fun.
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Under the assumption you’re still alive or alive enough to enjoy it.
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Are you suggesting not to plan for retirement???
Quote: AlanMendelsonQuote: mcallister3200Quote: billryanQuote: AlanMendelsonQuote: billryanStocks will not always be at their All-time Highs. To think they always will be shows a fundamental misunderstanding of the markets.
The question is do you want to buy when a stock is at its highest price ever or when it is 40% off that price? Most investors invest at regular intervals so when a stock is up, they buy less and when it is down they buy more. ie- I invest $100 a month in ZSX. When ZSX is $20 a share, I buy five shares a month. When it goes up to $25, I only get four shares, but if it goes down to $10, I'd get ten shares that month. It works that way no matter if you invest $10 a month or $10,000 a month.
Unless you were unlucky enough to invest your whole bankroll on the day a stock hit its all-time high, that number is almost meaningless.
link to original post
You use "price averaging."
Those opposed to price averaging (buying more shares when prices go down) call it "throwing good money after bad." Their alternative is only to buy when prices are going up.
link to original post
It's not about buying more when the price goes down, it's about investing regularly. It's not a secret formula. Invest young and invest regularly and your retirement will be a lot more fun.
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Under the assumption you’re still alive or alive enough to enjoy it.
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Are you suggesting not to plan for retirement???
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Nope. Just not to wait for that to get out and see things to try to enjoy your life
Quote: mcallister3200
Nope. Just not to wait for that to get out and see things to try to enjoy your life
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That is pretty much my philosophy. Enjoy as much as you can now because you may be dead tomorrow.
Quote: DRichQuote: mcallister3200
Nope. Just not to wait for that to get out and see things to try to enjoy your life
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That is pretty much my philosophy. Enjoy as much as you can now because you may be dead tomorrow.
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Absolutely my philosophy- only I put away 15% off the top and lived on 85% of my income. You don't really miss money you never had access to and in about thirty short years you will wake up and have banked your first million. After that, it's just a matter of letting your money double and then you can retire. It's not that complicated.
Quote: billryanAbsolutely my philosophy- only I put away 15% off the top and lived on 85% of my income. You don't really miss money you never had access to and in about thirty short years you will wake up and have banked your first million. After that, it's just a matter of letting your money double and then you can retire. It's not that complicated.
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IMO real financial success is first, pay off your home mortage then become debt free. Accomplishing that will make most other things really easy.
My monthly fixed expenses are less than $800 (utilities, phone, internet, insurance, and cable). There are, of course, additional expenses which go on my credit card such as gas, meds, food, and other entertainment. Those expenses average about $600/month. For me, that relates to stress free finances that are easily handled with my fixed income.
tuttigym
Well... there's a real risk that you will live longer than you think you will.
So is outliving or underliving your money an advantage play? LOL
And for those of you who have no debt and have low fixed budgets what will you do when you can no longer get a job and inflation raises your cost of living beyond your budget?
It's interesting how you are aware of bankroll management for casino gambling but when it comes to retirement funding it's a wish and a prayer.
Life is the biggest casino of them all. Prepare for it.
I always figured I'd die fairly young, most likely of sudden lead poisoning or something similarly violent but every year out west reduces those possibilities.
It was fun playing with the various possibilities. By taking an extra $150 a month for my allowance, I would lower the chances of my money lasting until I'm 92 from something like 96% to under 70%. Saving $55 a month extended my funds another seven-plus years.
Based on what I've seen in the "What did you eat today" thread, dying tomorrow is actually a reasonable possibility for several forum membersQuote: DRichQuote: mcallister3200
Nope. Just not to wait for that to get out and see things to try to enjoy your life
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That is pretty much my philosophy. Enjoy as much as you can now because you may be dead tomorrow.
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Quote: AlanMendelsonIt sounds to me like some of the members here like the idea of gambling with their life expectancy.
Well... there's a real risk that you will live longer than you think you will.
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True, but that problem can be resolved easily. Calling Dr. Kevorkian (I know he is dead).
Quote: MDawgAre you married? My monthly expenses vary based on what my wife deems is necessary that month. 😇
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No, but I have a life partner. We live quite well as our income (exceeds six figures) allows us to go, and do whatever we want. The "plan" was to be debt free before retirement, so our "sacrifices" provided our retirement years great comfort and stress free living. BTW, I did not need a financial advisor just some careful research.
tuttigym
Quote: Alan MendelsonAnd for those of you who have no debt and have low fixed budgets what will you do when you can no longer get a job and inflation raises your cost of living beyond your budget?
This post seems to demean or discount "low fixed budgets" as something that is other than a positive occurrence. When the "plan" was to be debt free, the low fixed budget happens. The post also infers those individuals have incomes, even though also fixed, might not "keep up" with increased future expenses. Millions of retirees have multiple pensions from SS + military + govt.+ private and/or personal entities that offer COLA's and can handle almost any eventuality.
Quote: AlanMendelsaonIt's interesting how you are aware of bankroll management for casino gambling but when it comes to retirement funding it's a wish and a prayer.
Who is the "you" you are referencing, and why would bankroll management equate to retirement funding?
tuttigym
Quote: billryanI have not given it any thought, but suicide will, in all likelihood, be much more acceptable if trends continue.
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To paraphrase: You didn't until you just did.
tuttigym
Tuttigym doesn't need to follow a budget because he has a perpetual money making machine at the craps table. He bets Don't Pass and then, after a point is established, he has 6 ways to win and less ways to lose, giving him an edge on the casinoQuote: tuttigymQuote: billryanAbsolutely my philosophy- only I put away 15% off the top and lived on 85% of my income. You don't really miss money you never had access to and in about thirty short years you will wake up and have banked your first million. After that, it's just a matter of letting your money double and then you can retire. It's not that complicated.
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IMO real financial success is first, pay off your home mortage then become debt free. Accomplishing that will make most other things really easy.
My monthly fixed expenses are less than $800 (utilities, phone, internet, insurance, and cable). There are, of course, additional expenses which go on my credit card such as gas, meds, food, and other entertainment. Those expenses average about $600/month. For me, that relates to stress free finances that are easily handled with my fixed income.
tuttigym
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Ace2
Quote: Ace2Based on what I've seen in the "What did you eat today" thread, dying tomorrow is a reasonable possibility for several forum membersQuote: DRichQuote: mcallister3200
Nope. Just not to wait for that to get out and see things to try to enjoy your life
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That is pretty much my philosophy. Enjoy as much as you can now because you may be dead tomorrow.
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Ha…touché.
One day he is walking and his hip breaks. No warning, no fall, it just breaks. He is brought to the hospital and while there a social worker helped him become a ward of the state. When he was released from the rehab place, the state gave him a nice apartment with only one roommate, provided half or more of his meals ,and provided for just about all his transportation needs. He lived better as a ward of the state than his old roommates did.
Quote: Ace2[Based on what I've seen in the "What did you eat today" thread, dying tomorrow is a reasonable possibility for several forum members
Hey now, I resemble that remark.
Quote: Ace2.Tuttigym doesn't need to follow a budget because he has a perpetual money making machine at the craps table. He bets Don't Pass and then, after a point is made, he has 6 ways to win and less ways to lose, giving him an edge on the casino
Ace2
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Slight correction: The point is not "made"; it is established. Nice of you to affirm the 4th grade arithmetic. Plus if you add in those personal sessions of yours with 28 rolls of the dice minimum, one could get rich quickly and geometrically increase that "fixed" budget.
tuttigym
Oops. I did mean established not madeQuote: tuttigymQuote: Ace2.Tuttigym doesn't need to follow a budget because he has a perpetual money making machine at the craps table. He bets Don't Pass and then, after a point is made, he has 6 ways to win and less ways to lose, giving him an edge on the casino
Ace2
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Slight correction: The point is not "made"; it is established. Nice of you to affirm the 4th grade arithmetic. Plus if you add in those personal sessions of yours with 28 rolls of the dice minimum, one could get rich quickly and geometrically increase that "fixed" budget.
tuttigym
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The difference between my minimum 28 roll claim and your claim is that mine is obviously and intentionally B.S., though some people thought I was being serious. I was in Vegas last week and I felt lucky with any roll over 2
Ace2
Quote: Ace2Oops. I did mean established not madeQuote: tuttigymQuote: Ace2.Tuttigym doesn't need to follow a budget because he has a perpetual money making machine at the craps table. He bets Don't Pass and then, after a point is made, he has 6 ways to win and less ways to lose, giving him an edge on the casino
Ace2
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Slight correction: The point is not "made"; it is established. Nice of you to affirm the 4th grade arithmetic. Plus if you add in those personal sessions of yours with 28 rolls of the dice minimum, one could get rich quickly and geometrically increase that "fixed" budget.
tuttigym
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The difference between my minimum 28 roll claim and your claim is that mine is obviously and intentionally B.S., though some people thought I was being serious. I was in Vegas last week and I felt lucky with any roll over 2
Ace2
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Yeah, Mr. Mendelson, bless his heart. There are times that the 4th grade arithmetic works in conjunction with other plays; some traditional and some not so much.
tuttigym
https://www.cnbc.com/2022/03/16/berkshire-hathaway-closes-at-a-record-above-500000-a-share-as-buffetts-conglomerate-roars-back.html
Quote: Ace2The difference between my minimum 28 roll claim and your claim is that mine is obviously and intentionally B.S., though some people thought I was being serious. I was in Vegas last week and I felt lucky with any roll over 2
So, my question for you is: If you had Mr.MDawg's bankroll, being a craps savant, could you win the huge $$$ at craps that mirror his play at bac.?
tuttigym
Quote: DRichThank God for fractional shares.
https://www.cnbc.com/2022/03/16/berkshire-hathaway-closes-at-a-record-above-500000-a-share-as-buffetts-conglomerate-roars-back.html
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Some of the massive runups in the past year on some stocks are due to RobinHood's fractional share capability and the Reddit kids. I know blue collar laborers who claim to have made mid five figures on some of those pump and dumps, although these same peeps were crying of late when the market went south for a while. The market sometimes has a way of taking back easy money gains.
Quote: MDawgShouldn't that question be posed in The Adventures of MDawg thread?
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Perhaps, but he addressed my play directly, and my computer "skills" are so minimal that I do not know how to drag his post from here to the other thread. No hijacking intended.
tuttigym
Quote: DRichThank God for fractional shares.
https://www.cnbc.com/2022/03/16/berkshire-hathaway-closes-at-a-record-above-500000-a-share-as-buffetts-conglomerate-roars-back.html
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I remember when Buffet said he would never allow B shares and if you couldn't afford the 30K needed to buy into his company, he didn't really want you. It was only when some sketchy mutual funds started pushing ownership of their funds to get into BH that he relented.
It was a long time ago, but I think I bought my share around 18.500, sold it around 26, and never looked back. It doesn't pay dividends so it can be expensive to keep long-term. A $100,000 worth of ATT produced about $6,000 of income each year. $100,000 of BH produced no income.
Quote: Ace2The difference between my minimum 28 roll claim and your claim is that mine is obviously and intentionally B.S., though some people thought I was being serious. I was in Vegas last week and I felt lucky with any roll over 2
Ace2
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But you let your "obviously and intentionally B.S." not only continue but you repeated it and failed to correct it when questioned.
What made you come clean? And why post a false claim in the first place?
"Come clean" lol. I never realized anyone actually believed it. Sort of like if I said my house was struck by meteors every day last year...there is no chance it's trueQuote: AlanMendelsonQuote: Ace2The difference between my minimum 28 roll claim and your claim is that mine is obviously and intentionally B.S., though some people thought I was being serious. I was in Vegas last week and I felt lucky with any roll over 2
Ace2
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But you let your "obviously and intentionally B.S." not only continue but you repeated it and failed to correct it when questioned.
What made you come clean? And why post a false claim in the first place?
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Though this does illustrate that some gamblers will believe ANYTHING!!!
Quote: AlanMendelsonQuote: Ace2The difference between my minimum 28 roll claim and your claim is that mine is obviously and intentionally B.S., though some people thought I was being serious. I was in Vegas last week and I felt lucky with any roll over 2
Ace2
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But you let your "obviously and intentionally B.S." not only continue but you repeated it and failed to correct it when questioned.
What made you come clean? And why post a false claim in the first place?
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If you couldn't tell he was obviously pulling your leg, why shouldn't he keep the joke going?
So are you now suggesting this forum should become a free for all for wild claims?
Okay then. I won 17 Emmys.
( Actually I only won one.)
Quote: AlanMendelsonThere were at least two other forum members who questioned his posts.
So are you now suggesting this forum should become a free for all for wild claims?
Okay then. I won 17 Emmys.
( Actually I only won one.)
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You could claim to be a high roller who lives in suites and makes millions playing if that's what gets you off.
Quote: MDawgAs far as the fear that the market will go down long term and stay down long term, this sort of thing happens not when people expect it - but when they do not!
Next, YES, stocks are down considerably but down from their highs, not necessarily even down from where they were a year ago. For example AAPL was in the 120s one year ago, in the 150s today.
Just take a look at the very first post in this thread, from exactly two years ago. There was some kind of downturn going on right then too, but we roared again, soon afterwards.
To say that "it will be years" before a given stock recovers is to not understand the market. Two or three weeks is an eternity in this marker - years is the equivalent of eons. Time and again I've seen people online post that it will be years before say AMZN recovers, only to eat their words within a matter of days.
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All that fear that the market was going to crash. Or that it would be "years" before a given stock recovered. 🥴 And your quaint honour [or opinions] turn to dust....
I will repeat: the time to invest in the market is whenever you have the money to do so. If you can't stomach its inevitable ups and downs you should just stick your cash in a mattress, you're not fit to lick the underside of the boots of true investors and traders.
It's a real shame schools don't teach this stuff.
