"In investing, it is better to sell a year too early, than a day too late".
After you sell how do you know when to buy back in again?
Asset prices are high across the board
21–30 of 81 posts
Re: Asset prices are high across the board
#22Interesting to note that dollar adjusted the market has actually been going down for months. http://ei.marketwatch.com/Multimedia/2017/10/04/Photos/NS/MW...
Can you explain this a little more? I don't quite know what dollar adjusted means.
It means adjusted for the changing value of the dollar (the currency the assets are priced in).
Re: Asset prices are high across the board
#23Joe Kennedy supposedly said he avoided the stock crash of 1929 by getting out of the market when his shoeshiner started giving him stock tips. Multiple times recently I’ve been at restaurants recently overhearing people talk about how much money they’re going to make in Bitcoin. It’s hard to convey here, but the make-money-who-cares-how-it’s-magic came across every time in such a wow-this-is-definitely-a-bubble way.…
[deleted]
Re: Asset prices are high across the board
#24"In investing, it is better to sell a year too early, than a day too late".
No it isn't! It's better to buy and hold and ride it out. Otherwise you tend to miss the gains on the other side. Decades of research by now has shown that buy-and-hold beats timing the market every time.
Re: Asset prices are high across the board
#25Joe Kennedy supposedly said he avoided the stock crash of 1929 by getting out of the market when his shoeshiner started giving him stock tips. Multiple times recently I’ve been at restaurants recently overhearing people talk about how much money they’re going to make in Bitcoin. It’s hard to convey here, but the make-money-who-cares-how-it’s-magic came across every time in such a wow-this-is-definitely-a-bubble way.…
If you only invest what you can lose, it doesn't matter how long the market is irrational. Bitcoin is a high risk investment/volatile in the short term, but the question is what is it long term?
You put your money in btc and they may crash 30% in a day. If you panic then you lose money.
Re: Asset prices are high across the board
#26Earlier quoted context omitted.
As far as the stock market goes, sentiment has not yet reached a peak. There are still a lot of what I call the "wise naysayer" on CNBC and elsewhere, claiming that we are due for a big decline, or even a crash. Until there are no naysayers left, the chances of further climbs is supported by sentiment analysis.
I love that this comment was down-voted because it so ironically conveys how accurate sentiment analysis is -- i.e. the masses reject it.
Exactly.
Re: Asset prices are high across the board
#27"In investing, it is better to sell a year too early, than a day too late".
After you sell how do you know when to buy back in again?
You'd have to do your research. When everything's gone to hell and people are cursing the markets is probably a good time, though. But when others are selling, as Buffett and probably a good number of other investors say.
Re: Asset prices are high across the board
#28"In investing, it is better to sell a year too early, than a day too late".
No it isn't! It's better to buy and hold and ride it out. Otherwise you tend to miss the gains on the other side. Decades of research by now has shown that buy-and-hold beats timing the market every time.
...beats trying to time the market...
If you can time the market correctly, that is obviously the optimal strategy.
Re: Asset prices are high across the board
#29Joe Kennedy supposedly said he avoided the stock crash of 1929 by getting out of the market when his shoeshiner started giving him stock tips. Multiple times recently I’ve been at restaurants recently overhearing people talk about how much money they’re going to make in Bitcoin. It’s hard to convey here, but the make-money-who-cares-how-it’s-magic came across every time in such a wow-this-is-definitely-a-bubble way.…
I am all out of stocks, put all my money on blockchain companies, as per an Uber drivers' advice. Apparently it is the future.
Re: Asset prices are high across the board
#30Interesting to note that dollar adjusted the market has actually been going down for months. http://ei.marketwatch.com/Multimedia/2017/10/04/Photos/NS/MW...
Can you explain this a little more? I don't quite know what dollar adjusted means.
If I understand right, this is basically merging s&p 500 [1] and dollar value index [2]. The value of the dollar has been dropping all year, at a higher rate than the value of the s&p 500 has been going up.
Basically, the market's dollar denominated value is going up, but dollars are becoming less valuable. This combines to mean that market value has actually down this year, not up.
Perhaps op can correct me on anything I got wrong.
[1] http://www.marketwatch.com/investing/index/spx [2] http://www.marketwatch.com/investing/index/dxy