Current Events > Just sold all of my stock.

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httpgrandmaster
10/11/18 1:59:48 PM
#1:


Went up a shit ton over the last three years. Time to take my cash out and invest into bonds / real estate.
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Squall28
10/11/18 2:02:55 PM
#2:


What has you spooked?
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SuperMedz3
10/11/18 2:10:01 PM
#3:


httpgrandmaster posted...
Went up a shit ton over the last three years. Time to take my cash out and invest into bonds / real estate.

Just wait tell the Republicans fuck things up again and buy low
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DragonGirlYuki
10/11/18 2:10:46 PM
#4:


Nice
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John_Galt
10/11/18 2:14:20 PM
#5:


Not going to ride uhc to 1000?
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ImTheMacheteGuy
10/11/18 2:15:50 PM
#6:


This happened
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httpgrandmaster
10/11/18 2:16:47 PM
#7:


John_Galt posted...
Not going to ride uhc to 1000?


Oh I most definitely am, once my first rental is paid off I'll be back in stock.
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httpgrandmaster
10/11/18 2:17:04 PM
#8:


Squall28 posted...
What has you spooked?


Too much growth too fast.
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httpgrandmaster
10/11/18 2:39:27 PM
#9:


Looks like the DOW is gonna have another bad day. UNH has dropped another $3 from where I sold at lol.
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httpgrandmaster
10/11/18 2:47:13 PM
#10:


Holy shit. Everything is tanking. UNH now down $7 since I sold
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John_Galt
10/11/18 2:47:25 PM
#11:


Looked like it had a chance at the 200dma and then it just gave up
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Squall28
10/11/18 2:48:35 PM
#12:


I just bought more this morning. Rip
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httpgrandmaster
10/11/18 2:49:01 PM
#13:


John_Galt posted...
Looked like it had a chance at the 200dma and then it just gave up


Yeah, can't blame it though. Everyone is starting to sell everything.

Brace yourselves lads, it's the deep correction we knew was coming!!!
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Orthopox12
10/11/18 2:49:04 PM
#14:


How should someone go about getting into stocks? Whats a fair amount to start with?
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EndOfDiscOne
10/11/18 2:49:26 PM
#15:


time in the market > timing the market
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CharlesBronson
10/11/18 2:52:22 PM
#16:


i sold everything a week ago i'm in cash, gold, and floating rate bonds
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httpgrandmaster
10/11/18 2:54:38 PM
#17:


CharlesBronson posted...
i sold everything a week ago i'm in cash, gold, and floating rate bonds


A week ago would've gotten me a bit more profit but I'm happy.

Why gold? Gold is an awful investment.
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CharlesBronson
10/11/18 3:04:29 PM
#18:


httpgrandmaster posted...

Why gold? Gold is an awful investment.

lol what's the federal reserve going to do if we get 5% inflation or worse like in the 70s? The government would go insolvent if they raised interest rates that much. We would be Venezuela. Gold would go to $50,000/oz.
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Krojen
10/11/18 3:20:49 PM
#19:


You fool. I've been buying a little more at each flash dip. Putting my extra sports winnings to work.
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Master_Bass
10/11/18 3:22:43 PM
#20:


Squall28 posted...
I just bought more this morning. Rip

What did you buy?
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Kombucha
10/11/18 3:46:28 PM
#21:


time to invest in bitcoin
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Mister_Spyker
10/11/18 6:48:45 PM
#22:


Don't get into real estate, it's gonna go down soon, imo. A bubble is building.
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httpgrandmaster
10/11/18 6:52:46 PM
#23:


Mister_Spyker posted...
Don't get into real estate, it's gonna go down soon, imo. A bubble is building.


I'm only buying with cash or mostly cash. If I don't get high cash flow out of market or below-market rental rates, I don't buy it.
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Kazi1212
10/11/18 6:56:49 PM
#24:


Good exit, the market may recover strong but I think the probability is against that happening, either way its the safe bet to lock up your profits now.
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Squall28
10/11/18 7:16:50 PM
#25:


Master_Bass posted...
Squall28 posted...
I just bought more this morning. Rip

What did you buy?


VOO

It doesn't look like there's any reason for the drop, so I'm not really worried. Should've waited though.
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Krojen
10/12/18 4:18:15 PM
#26:


TC dumps his entire stock portfolio at the end of a 10-1 downside volume day due to Chinese margin calls. Thanks for the bottom signal.
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Kazi1212
10/12/18 6:22:05 PM
#28:


Krojen posted...
TC dumps his entire stock portfolio at the end of a 10-1 downside volume day due to Chinese margin calls. Thanks for the bottom signal.


The S&P, Nasdaq, and Dow all hit their 30 week moving averages and in the cases of Nasdaq and the Dow, they dropped all the way to their 50 week moving averages. Furthermore, some these averages have already begun to curve downwards. While I dont agree with dumping an entire portfolio, I think by any standard metrics of portfolio management its a smart play to have a sizeable percentage out of the market at this point and lock in some profits.
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