Posted on 10/30/2020 11:13:42 AM PDT by CodeJockey
I have some cash parked on the sidelines (stable investment) in my companies 401k. With the little pull back we've seen, strong GDP numbers, possible CV19 vaccine on the horizon and the election, it may a buying opportunity, or maybe not.
I only have the option to buy (or sell) at the closing price of the day.
Thinking of picking up some shares of a S&P 500 tracker fund we have available as an investment at the days end.
I'm definitionally not looking investment advise, just wondering how fellow Freepers are feeling about the market going forward?
Big possible downside to buying in now. Risk doesn’t match return.
If Biden wins, it’ll crater. I’m waiting to buy in case that happens.
A Trump victory is currently baked in.
Buy $100 worth of your SP500 fund. Get it out of your system.
I’m on the sideline. Very uncertain right now. A lot of nervousness in the market....just my 2 cent
Anyone nibbling at the markets?
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Already did this morning. I usually stay away from Friday trading, but had a few things on my shopping list.
Look into the best Mutual funds and park there:-)
Not a bad strategy. I may go the same route. In any event at some point I’m going to ease my way back in. Baby steps.
Other factors like covid and weather channel hysteria will become less influential after the election.
Personally, I think most investors won't give a crap if antifa burns down the dim cities again. That hasn't affected past markets much.
There’s a major crash going on so far today, and more to come (brief and minor “dead-cat” bounces aside) Monday, Tuesday and until the bogeyman of “uncertainty” is gone — call it a hunch.
Buying opportunity, perhaps? Or perhaps it would be smarter to get ready for the real crash if you-know-who wins and all those other things we don’t want to even imagine (Senate, House, state legislatures...).
I went to a money market fund this week. Just too much probability of volatility in the next couple of months.
In terms of COVID lockdowns, a lot of industries are doing fine, just no dining, entertainment, and some disposables.
As regards politics, if Biden wins, fuggedabaddit, we're done.
If Trump wins (I believe he will), the commie revolution will still move ahead, but in the same manner as has occurred in Portland, Seattle, Philly, etc. Economic effects of either Biden or Trump win, unknown.
Either way, looks like war in the homeland is in our future.
Have a lot of covered puts. They are all doing really well right now.
Anytime the markets are down, I buy so I’ve been busy the last 3 or 4 days. S&P 500 all day long.
Indicators like price to earnings ratios are higher than they were the last time the market tanked. The problem is the stimulus. With the last stimulus the government dumped three trillion dollars into the economy. You and I got !200 dollars, but some corporations and banks got hundreds of millions. They dumped that money into the market. Even I dumped my 1200 into the market. That pumped up what would have been an over leveraged market to WAY over leveraged.
There will be a correction, more than 10 percent. Probably a drop of fifty percent on some issues. I plan on selling about half of my portfolio before year’s end.
If we get another stimulus after the election then the market will continue up for a while.
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Major crash?
Down down 450 is no major anything.
I bought Monday, Wednesday, and am about to log in to buy again today. Last chance to buy before Dow 30k
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