Re:A terminal stock watcher and stock position tracker
by pavlov on Wednesday February 03, 2021 @12:34PM
(#26016321)
2012-2019 offered great returns, but it didn't have the same breathless mood as prevails now.
Taxi drivers want to talk about stocks. Every graph is looking parabolic. Day trading has boomed. Last time these things happened was 1999-2000.
Re:A terminal stock watcher and stock position tracker
by vkou on Wednesday February 03, 2021 @01:13PM
(#26016968)
Okay, do what's your play, here? You sit 2021 out, the s&p froths up to 5.5k over the next 18 months, and then crashes down to 3.7k? And you perfectly time buying the dip? (Unlikely.)
You'll still lose money, compared to just buying and holding.
Re:A terminal stock watcher and stock position tracker
by TheLegace on Saturday February 06, 2021 @05:07AM
(#26045534)
You can split up your buying and skimming profits over time so your building a position over many months to years and periodically taking profits near the tops and rebuying and increasing position every couple weeks when the market corrects.
Also another great thing to try is get SPX/USD on 500:1 leverage so on a good day when S&P goes up 2% with the leverage multiplier can significantly increase return.
Re:A terminal stock watcher and stock position tracker
by pavlov on Wednesday February 03, 2021 @01:23PM
(#26017115)
Owning stocks is a good idea. But if you just buy the S&P every month, you probably don't need a "terminal stock watcher and stock position tracker", which is the program being discussed here. It seems like a symptom of a short-term exuberance that may not end well for most participants.
During the recession we were told that the days of 10%+ YoY returns in the market were over and that we could expect to live in a world with 3%–5% from here on out. The market meanwhile has gone up fivefold in the interceding 12 years, or roughly a 15% annual return.
All along the way have been the doomsayers insisting that the market will crash, that it feels like 2000 all over again, that Trump, or COVID, or Biden will destroy the stock market, that being at all-time-highs, having an unprecedented CAPE ratio, or quantitative easing is going to send things tumbling… and yet here we are. Sure, the crash will come at some point, but given the thousands of failed predictions I’ve seen in the past twenty years I have zero faith in anyone’s individual ability to correctly guess when it will happen.