PebHmong Discussion Forum

Life & Living => Money & Investment => Topic started by: hmgROCK on February 25, 2020, 12:47:52 PM

Title: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 25, 2020, 12:47:52 PM
c'mon trump
need to do something about this virus
get them scientist in the room and created a vaccine

i don't even want to open my account  :D
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 25, 2020, 01:06:47 PM
damn
im going buy the dip
$500  on my fzrox
i got 30 years till retirement


(https://i.imgur.com/SWWU87K.jpg)
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 25, 2020, 01:09:09 PM
hold on, brother
don't sell
turbulence up ahead


(https://pics.me.me/entebook-com-scifilibertariuti-stock-market-crash-hold-on-to-your-butts-6890831.png)
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 25, 2020, 05:35:54 PM
Mother focker!  Good bye 2020 gains, and some 2019 gains.   :'(
Better brace for more loss, this isn't over yet.  When coronavirus spreads in the US, shits gonna hit the fan.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: DuMa on February 25, 2020, 06:17:09 PM
buy wuhan vaccine stocks and hoping for a pop

that is if there is a pop but you got a whole year cuz vaccines do take a long time to mass produce to the general public. 

A company that starts with the letter M just got a vaccine for clinical trail on humans.  While the market was red, she popped.  0 debt, undervalued.  Just how I liked it.

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on February 25, 2020, 08:28:26 PM
I’ve been reading about coronavirus for a month.  It’s not an epidemic no more.  It’s a pandemic.  The mortality rate is 1-2%.  The acceleration has leveled off.  Even if it comes to the US it like the flu.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 25, 2020, 11:01:34 PM
Mother focker!  Good bye 2020 gains, and some 2019 gains.   :'(
Better brace for more loss, this isn't over yet.  When coronavirus spreads in the US, shits gonna hit the fan.

damn dude
don't look it like that
i was going wait till friday paycheck to buy
but i bought $500 today

i'll pay again this friday when i get paid

BUY AND HOLD BRO
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 25, 2020, 11:02:57 PM
I’ve been reading about coronavirus for a month.  It’s not an epidemic no more.  It’s a pandemic.  The mortality rate is 1-2%.  The acceleration has leveled off.  Even if it comes to the US it like the flu.

how you doing in the option market man
i'm bleeding like a woman on menstruation period

best not to look at it

 :2funny: :2funny:
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 26, 2020, 07:00:02 AM
wisemon

we all got wipe out YTD
and than some

i don't think you are doing any better

LOL
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: DuMa on February 26, 2020, 07:10:30 AM
Remember this

You only gain or lose if you sell. 

As long as the company is still in business, your valuation should be the same price as you bought it.  Good players tend to buy more on the dip.  Take all the cheapies from the weak hands. 

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 26, 2020, 01:01:38 PM
damn dude
don't look it like that
i was going wait till friday paycheck to buy
but i bought $500 today

i'll pay again this friday when i get paid

BUY AND HOLD BRO


Trying not to look at the portfolio.  Just wanna cry when I do.
I bought a little yesterday and today.  Gonna keep buying once or twice a week chipping at it bit by bit.

Who knows when this will turn around.  Like I said, I'm still waiting for when this hits the US.

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 26, 2020, 01:12:49 PM

Trying not to look at the portfolio.  Just wanna cry when I do.
I bought a little yesterday and today.  Gonna keep buying once or twice a week chipping at it bit by bit.

Who knows when this will turn around.  Like I said, I'm still waiting for when this hits the US.

i only bought $500 worth
i think it's going go down even more
till spring or summer

not showing all my cards/hand  yet
don't go balls deep
we still have to fall a bit more
i just buy $200-500 every week on the way down


apparently them virus don't like the hot weather

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 26, 2020, 01:24:24 PM
i only bought $500 worth
i think it's going go down even more
till spring or summer

not showing all my cards/hand  yet
don't go balls deep
we still have to fall a bit more
i just buy $200-500 every week on the way down


apparently them virus don't like the hot weather

That's true, not even sure we're at the bottom yet, but right now is a pretty good time to buy though.  I think whether you buy now or later, you'll be good in the long run.  To tell you the truth, I suck at trying to time the market, so I just buy when I have the funds and try not to overthink if the price is low or up high.  I think overall, it's going to be about the same result in the long run.

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 26, 2020, 01:53:21 PM
That's true, not even sure we're at the bottom yet, but right now is a pretty good time to buy though.  I think whether you buy now or later, you'll be good in the long run.  To tell you the truth, I suck at trying to time the market, so I just buy when I have the funds and try not to overthink if the price is low or up high.  I think overall, it's going to be about the same result in the long run.

still a little bit high
we got a bit more way down to go yet

just chilll

like poker
don't show all your cards/hand

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: theking on February 26, 2020, 11:29:49 PM
i'm bleeding like a woman on menstruation period

Why are you "bleeding like a woman on menstruation period" for years now when you can just pick the high return stocks to be a big "fish" since you're the "hmong Nostradamus and is always right"?  ???

we all got wipe out YTD

I'm surprised you didn't see that coming since you're the "hmong Nostradamus and is always right"?  ???

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 07:38:43 AM
going be another bloody day in the street
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 09:40:20 AM
still a little bit high
we got a bit more way down to go yet

just chilll

like poker
don't show all your cards/hand

True bro, I'm still waiting for when this spreads in the US.  That's when it'll hit the bottom.

Hey I"ve got a couple stock that's nearing red, losing all my gains.  I'm thinking of selling those and buy them back later on when the price is lower since I'm thinking it will go even lower.
What do you think?
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 09:59:43 AM
True bro, I'm still waiting for when this spreads in the US.  That's when it'll hit the bottom.

Hey I"ve got a couple stock that's nearing red, losing all my gains.  I'm thinking of selling those and buy them back later on when the price is lower since I'm thinking it will go even lower.
What do you think?

how's your tax situation??

if you sell and realized gains,  uncle same is going take 25% capital gain tax (depending on how long you hold it,short term or long term)

if i sell all my position. im going pay like $50k-100k just in tax alone to uncle sam
too much hassel
plus i got like 30 years mores till retirement


my advice is: 

if the stock is a good company and you think it can weather the storm
just hold
if you are scared, and have weak hand, just sell 10-30% of it
and rebuy when it hits the bottom


Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 10:01:06 AM
I won't have any gains, it's gonna be in the red very shortly.  I'm not selling any that is still green.

I will have some that is about $100-200 red.  I think it will go lower.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 10:03:09 AM
I won't have any gains, it's gonna be in the red very shortly.  I'm not selling any that is still green.

in that case
you won't owe uncle sam much tax
cuz the gain is small


if the company is good, i will just sell like 10-30% of it
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 10:05:04 AM
in that case
you won't owe uncle sam much tax
cuz the gain is small


if the company is good, i will just sell like 10-30% of it

Ok thanks!
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 10:32:52 AM
Ok thanks!

you never want to get out of the market 100%
because you do get dividend and etc...
and overtime, that helps you out

instead you should be rebalancing

i wrote a thread on that

http://www.pebhmong.com/forum/index.php/topic,400314.0.html (http://www.pebhmong.com/forum/index.php/topic,400314.0.html)
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 11:19:58 AM
you never want to get out of the market 100%
because you do get dividend and etc...
and overtime, that helps you out

instead you should be rebalancing

i wrote a thread on that

http://www.pebhmong.com/forum/index.php/topic,400314.0.html (http://www.pebhmong.com/forum/index.php/topic,400314.0.html)

I'm not getting out, I'm selling 10% of my stocks, the ones that are hitting red.
Gonna either rebalance or wait out for the bottom to buy back in.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 11:31:01 AM
I'm not getting out, I'm selling 10% of my stocks, the ones that are hitting red.
Gonna either rebalance or wait out for the bottom to buy back in.

I’m not selling any
My hands and mind are strong

Im actually going buy more tomorrow when i get pay  O0
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 11:40:59 AM
It actually might go green today, so I made a bad choice.  Oh well, live and learn.
90% of my portfolio haven't been touched so I'm fine.  And I'll put these $$ back to work next week, so it should be minimal loss. 
And if the market does tank more, I'll have these funds to buy cheaper shares.  Now I'm rooting for the market to go down more.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 11:57:02 AM
It actually might go green today, so I made a bad choice.  Oh well, live and learn.

Don’t get emotional
When it comes to this kinda of thing

Don’t sell off all your positions
Also don’t buy with all your money

I add a little bit at a time

$500 here
$1000 there
$5000 here

Kinda like poker
Keep your cards close
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 12:02:01 PM
Don’t get emotional
When it comes to this kinda of thing

Don’t sell off all your positions
Also don’t buy with all your money

I add a little bit at a time

$500 here
$1000 there
$5000 here

Kinda like poker
Keep your cards close

Don't worry.  I'm keeping it strong.  Not gonna touch anything anymore. LOL
I remember back in 2018.  I lost $60k in Sept-Dec.  I never touched my account and it all recovered a few months later.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 12:23:18 PM
Don't worry.  I'm keeping it strong.  Not gonna touch anything anymore. LOL
I remember back in 2018.  I lost $60k in Sept-Dec.  I never touched my account and it all recovered a few months later.

I max both my wife and mine roth ira on JAN 1 2019
Don’t sell
You should be buying stocks when its on sale

Im going buy some more tomorrow when i get pay
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 27, 2020, 12:39:32 PM
I max both my wife and mine roth ira on JAN 1 2019
Don’t sell
You should be buying stocks when its on sale

Im going buy some more tomorrow when i get pay

That's nice bro.  I'll buy next week after I get paid.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: Cali Guy on February 27, 2020, 02:12:10 PM
Good thing I left a few weeks ago.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 27, 2020, 10:27:50 PM
get ready for more blood in the street tomorrow
need all of yall to hold strong
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on February 28, 2020, 01:46:37 PM
get ready for more blood in the street tomorrow
need all of yall to hold strong

another bloody day

i only bought another $500 today only
small amount

we got a little bit more to go
im thinking 20k dow jone bottom

don't show all your chips and card yet
keep them close to you

 O0

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: Cali Guy on February 28, 2020, 03:19:45 PM

another bloody day

i only bought another $500 today only
small amount

we got a little bit more to go
im thinking 20k dow jone bottom

don't show all your chips and card yet
keep them close to you

 O0

Time to make money!! AI isn’t going to just go away.  ;)
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: theking on February 28, 2020, 04:20:40 PM
Don't think some can "make money" in the money and investment area...not even enough common sense to know the common knowledge fact that places like E-Trade has insider information.. ;D
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: darkhelmet on February 28, 2020, 06:57:34 PM
I'm gonna buy after Super Tuesday.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on February 29, 2020, 11:08:59 AM
I switched to swing trading and I'm as RED as everyone because I didn't look at the market for 2+ weeks. In hindsight, I should have exited the market then I would be plus 15%.  Looking at it yesterday, my 2020 profits are gone and some 2019 because the stocks I was holding was all tech.

No worries...what goes up must come down and what goes down must come up.  Needless to say, don't torment yourself.  Keep 6 months of cash under your bed (bank account), have no debt, and you cool as ice.

Once I have clarity and focus I'll day trade.  Had I been day trading these would have been the virus stocks I normally trade, CODX, OPGN, NNVC, VXRT, APT, etc...  all ran this week.  You could have in and out for 1-15 minutes depending on the price action and made loot...knowing this, I didn't feel like trading this week because the rule is trade with a clear mind.  Too much bullshit around me, which is why I stopped active day trading.

I might trade next week, but unlikely...rig ht now 70% stocks, and will probably shift to 100% stock in by the end of the week for the upswing.  I normally hold 50% stock max so I did dip buy this week and increased it to 70%.

Nothing to panic...cash is trash, and being printed...nowh ere to put your money.  everyone holding too much cash will regret it later.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on March 02, 2020, 11:10:16 AM
c'mon man
don't miss this rocketship to the moon
we are taking off again

come one
come all
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on March 02, 2020, 03:35:23 PM
c'mon man
don't miss this rocketship to the moon
we are taking off again

come one
come all

I added this AM after monitoring fed and oversea indices..  :)  10% cash now.  Kind of scarey...but I think this is going up...will reduce.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on March 02, 2020, 10:20:11 PM
I added this AM after monitoring fed and oversea indices..  :)  10% cash now.  Kind of scarey...but I think this is going up...will reduce.

i bought the dip last week

make sure you have cash to last you 6-12 months

im good man
i have my fish and my deer from fall
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on March 02, 2020, 11:42:33 PM
No worries man.  Talking about portfolio cash not all my cash.  Lol!  Who the hell puts their rainy day fund in the stock market?  That’s not how it works.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: Cali Guy on March 03, 2020, 09:24:55 AM
No worries man.  Talking about portfolio cash not all my cash.  Lol!  Who the hell puts their rainy day fund in the stock market?  That’s not how it works.

I’m so far in that a light swing either direction will cause a heart attack.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on March 03, 2020, 11:23:21 AM
I’m so far in that a light swing either direction will cause a heart attack.

It's volatile...Sup er Tuesday will swing it 2-3% up or down.  I'm a classical liberal (aka moderate) and so I'm hoping Biden wins.  With that said, I really like Bernie but dude wants to spend like crazy.  We have to be flexible.  For example, remove the cap on social security tax.  Raise social security tax on salary up to 300k versus 135k per person.  Increase the progressive tax rate to 55%.  Raise sales tax by 0.5% across the country to fund sustainability and health innovation initiatives.  Remove the loopholes the rich are using.  Increase tax credits like education, healthcare, child care, and etc... which will help create a sustainable future.

The whole conservative movement of attacking the government and shrinking it down to nothing has proven to be a disaster because schools are failing, healthcare spending out of the country but doesn't help people get healthy, work stress, suicide, etc... all-time high.  We do need some level of government, and we need to make it accountable and to do that they can simply run LEAN and TQM principles if they wanted to.
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on March 03, 2020, 02:46:21 PM
It's volatile...Sup er Tuesday will swing it 2-3% up or down.  I'm a classical liberal (aka moderate) and so I'm hoping Biden wins.  With that said, I really like Bernie but dude wants to spend like crazy.  We have to be flexible.  For example, remove the cap on social security tax.  Raise social security tax on salary up to 300k versus 135k per person.  Increase the progressive tax rate to 55%.  Raise sales tax by 0.5% across the country to fund sustainability and health innovation initiatives.  Remove the loopholes the rich are using.  Increase tax credits like education, healthcare, child care, and etc... which will help create a sustainable future.

The whole conservative movement of attacking the government and shrinking it down to nothing has proven to be a disaster because schools are failing, healthcare spending out of the country but doesn't help people get healthy, work stress, suicide, etc... all-time high.  We do need some level of government, and we need to make it accountable and to do that they can simply run LEAN and TQM principles if they wanted to.

i like BERNIE
this old fart will get my vote

dude just want to help people get their body fix
not just the rich who has money
but everyone too

WTF is wrong with that????

you know there a study that say 70-80% of the population don't even own stock???
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: theking on March 03, 2020, 04:25:05 PM
you know there a study that say 70-80% of the population don't even own stock???

I bet the percentage of the "population" that know the common knowledge of places like E-Trade have "inside information" is higher...
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on March 03, 2020, 10:34:15 PM
Oh, it must feel nice to be a Bernie fan and be above the 30% line right?   :2funny:

i like BERNIE
this old fart will get my vote

dude just want to help people get their body fix
not just the rich who has money
but everyone too

WTF is wrong with that????

you know there a study that say 70-80% of the population don't even own stock???
Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: hmgROCK on March 03, 2020, 10:48:50 PM
Oh, it must feel nice to be a Bernie fan and be above the 30% line right?   :2funny:

Below man
i only make $20k

MARGIN TAX

Title: Re: damn.... stock market is crashing hard.... wipe out YTD gains
Post by: w1s3m0n on March 04, 2020, 11:26:18 AM
Below man
i only make $20k

MARGIN TAX

The good news is it's not how much you make, it's how much you can save.   O0