To be kinda blunt, I am giving up on investing in stocks.... I put between 4000 to 5000 a month and it's nothing but down down down... Sooooo frustrating, and I only invest in boring big companies
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. It will come back and you'll do good long term as long as you don't sell and the companies (or ETFs) we invest in have strong earning trends.
Great advice here. I am big ETFs and stock guy. It has worked well for me. I got started in the wake of the 2020 pandemic with just a few thousand. My portfolio recently surpassed 2m. I make use of a CFA and it's a great hands off way to approach the market. On average, she takes 10% off earnings, but using Lina Dineikiene’s system affords me the luxury of time. I conservatively follow her recommendations and market entry and exit points, and this makes it possible for me. I still have 10 years or so until retirement and I sleep well at night.
REITs not crashing, energy and mining stocks not crashing. Tech stocks crashing, thats what I see in my portfolio. I have been loading up on REITs for the last 12 months waiting for interest rated to go down. Energy stocks will grow because energy demand will grow. It's important to have a balanced portfolio.
With a war looming on the horizon and all the preparations, money has to be sucked out of somewhere , hopefully it can be avoided and current war stoped and things get more stable, but maybe it's another opertunity to buy at the bottom
Rate cuts have been talked about all year and big difference from all your past examples , market is up only because of a handful of tech names. 2000 crash your not correct as Greenspan raised rates and Burst the tech bubble and actually small caps out performed when rates were cut thereafter. COVID rates were cut and market sky rocketed and then fed raised rates and markets sold off
The FED has been trying to get inflation under control by increasing interest rate until the economy, real estate, and labor market crashed. Then lower the interest rate.
So far I see mostly a needed correction in tech stocks and a correction in overrated consumer goods stocks. My portfolio is up the last 2 days after a 2 day long small retrace. But if you are right you have 2 options now. If you don't need the money short to mid-term, you go the Buffet way of just holding while you build your cash position to buy as much of the crash as you can. (Statistically no loss that way?) If you need the money short or mid-term because you are just starting retirement, you might want to sell everything RIGHT NOW. (Worst case we don't have a crash and you lose a bit relatively because you have to get back in a little higher?) Intel's problems just started imho.
Hey, Mike! I'm gonna let Tom Lee off the hook since it's only Day 2 of his 5-day prediction! He still has three trading days left to make good! 😋 lol, great video as always, Mike! 🤘
What's your opinion on the price action for $verb? I bought a few shares when it dipped bit recently, and it seems to go lower 😅 and then they just released an announcement for a reverse split for September. Do you think it will recover from the earnings, or should I bail out early?
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Don't pay attention to the day to day! If it drops buy if it drops more buy more!
Amen!
To be kinda blunt, I am giving up on investing in stocks.... I put between 4000 to 5000 a month and it's nothing but down down down... Sooooo frustrating, and I only invest in boring big companies
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. It will come back and you'll do good long term as long as you don't sell and the companies (or ETFs) we invest in have strong earning trends.
Great advice here. I am big ETFs and stock guy. It has worked well for me. I got started in the wake of the 2020 pandemic with just a few thousand. My portfolio recently surpassed 2m. I make use of a CFA and it's a great hands off way to approach the market. On average, she takes 10% off earnings, but using Lina Dineikiene’s system affords me the luxury of time. I conservatively follow her recommendations and market entry and exit points, and this makes it possible for me. I still have 10 years or so until retirement and I sleep well at night.
So what, you started with about 600k more or less....maybe more.
Very keen observations Mike. Just a pity you didn’t share that with us 3 days ago
I don't like predictions and didn't want to scare anyone 😕
Solid info Mike thanks 🤝
You're welcome
Bargain hunting on INTEL,LUNAR, AUR ,FORD ,OXY & hundred more stocks to either dca or start new positions.
Mr Bean 🤣👌🤣🤣😎🐉🔥 people flying out 😂 lmfao thanks for the laughs mikes 😂
@@mitoz688 you're welcome 😊
That was genius!
REITs not crashing, energy and mining stocks not crashing. Tech stocks crashing, thats what I see in my portfolio. I have been loading up on REITs for the last 12 months waiting for interest rated to go down. Energy stocks will grow because energy demand will grow. It's important to have a balanced portfolio.
You're absolutely right
What is a good REIT to invest in?
SLvR is soo cheap now.
@@adellantte3755 Silver mining company?
@@aarond.4726 ABR and VICI.
With a war looming on the horizon and all the preparations, money has to be sucked out of somewhere , hopefully it can be avoided and current war stoped and things get more stable, but maybe it's another opertunity to buy at the bottom
Rate cuts have been talked about all year and big difference from all your past examples , market is up only because of a handful of tech names. 2000 crash your not correct as Greenspan raised rates and Burst the tech bubble and actually small caps out performed when rates were cut thereafter. COVID rates were cut and market sky rocketed and then fed raised rates and markets sold off
The FED has been trying to get inflation under control by increasing interest rate until the economy, real estate, and labor market crashed. Then lower the interest rate.
Would have been nice to have this fact yesterday 🙄 😂
Yeah you're right
That cracked me up. On a serious note, great content as always
Just got out of some stocks and have over 10k if settled cash. IM READY!!!
nice bro
@@IPOMarketWatch fo sho
Bought nvd at Tuesday in next 2 days went up to 120🎉 and then I ended up sellin on Friday opening amid mrkt crashing.haaa wtf am I doing.
So would you suggest to pull out rn
So far I see mostly a needed correction in tech stocks and a correction in overrated consumer goods stocks. My portfolio is up the last 2 days after a 2 day long small retrace.
But if you are right you have 2 options now.
If you don't need the money short to mid-term, you go the Buffet way of just holding while you build your cash position to buy as much of the crash as you can. (Statistically no loss that way?)
If you need the money short or mid-term because you are just starting retirement, you might want to sell everything RIGHT NOW. (Worst case we don't have a crash and you lose a bit relatively because you have to get back in a little higher?)
Intel's problems just started imho.
Thanks for sharing
Goodness! I'm starting to become bullish on puts.
Hey, Mike! I'm gonna let Tom Lee off the hook since it's only Day 2 of his 5-day prediction! He still has three trading days left to make good! 😋
lol, great video as always, Mike! 🤘
@@auntypc4791 I'm hoping he's right
Intel dropped because apple are not using their outdated chips anymore, and their processors are primitive.
That may be true
I'm hoping this trickles into the housing market. Sorry to those reits
😳
What's your opinion on the price action for $verb? I bought a few shares when it dipped bit recently, and it seems to go lower 😅 and then they just released an announcement for a reverse split for September. Do you think it will recover from the earnings, or should I bail out early?
I personally don't like that stock but that's just my opinion
Thanks for educating me Mike, will be active in discord from now on 👏🙏