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Stocks trampled as Nikkei crashes 13%

reuters.com

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Re: Stocks trampled as Nikkei crashes 13%

#11

Post by birracerveza »

drsim wrote: post #6

It’s scary headlines like this: ‘trampled’, ‘crashes’, that put off less informed, risk averse individuals on lower incomes/ net worth, from investing in stocks. It’s a shame, as ETFs, and hell, index funds if you must, outperform savings on a 3 year or even less horizon. Yes, my portfolio dropped 7% this month. I’m still up 6% YTD and 13% in the last 12 months. My horizon is well over 5 years. It would be an easy wa…

>I’m still up 6% YTD and 13% in the last 12 months.

For now. It can still go lower.

Re: Stocks trampled as Nikkei crashes 13%

#12

Post by blueboo »

drsim wrote: post #6

It’s scary headlines like this: ‘trampled’, ‘crashes’, that put off less informed, risk averse individuals on lower incomes/ net worth, from investing in stocks. It’s a shame, as ETFs, and hell, index funds if you must, outperform savings on a 3 year or even less horizon. Yes, my portfolio dropped 7% this month. I’m still up 6% YTD and 13% in the last 12 months. My horizon is well over 5 years. It would be an easy wa…

Even worse is the minute-to-minute reporting of “AAPL down 17!” “GM below $40!” .. as if the media is actively eroding our statistical intuition. I used to have a broker who would always quote the spot price of the stock after every stock name. It drove me crazy because it signalled a kind of superficial, counterproductive mastery of the state of the market.

Re: Stocks trampled as Nikkei crashes 13%

#13

Post by short_sells_poo »

birracerveza wrote: post #11
drsim wrote: post #6

It’s scary headlines like this: ‘trampled’, ‘crashes’, that put off less informed, risk averse individuals on lower incomes/ net worth, from investing in stocks. It’s a shame, as ETFs, and hell, index funds if you must, outperform savings on a 3 year or even less horizon. Yes, my portfolio dropped 7% this month. I’m still up 6% YTD and 13% in the last 12 months. My horizon is well over 5 years. It would be an easy wa…

>I’m still up 6% YTD and 13% in the last 12 months. For now. It can still go lower.

The idea behind long term investment is that you hold a diversified basket of assets, add a little regularly and hold for >10 years. This smoothes out the various drawdowns quite a bit.

Re: Stocks trampled as Nikkei crashes 13%

#15

Post by bowsamic »

birracerveza wrote: post #11
drsim wrote: post #6

It’s scary headlines like this: ‘trampled’, ‘crashes’, that put off less informed, risk averse individuals on lower incomes/ net worth, from investing in stocks. It’s a shame, as ETFs, and hell, index funds if you must, outperform savings on a 3 year or even less horizon. Yes, my portfolio dropped 7% this month. I’m still up 6% YTD and 13% in the last 12 months. My horizon is well over 5 years. It would be an easy wa…

>I’m still up 6% YTD and 13% in the last 12 months. For now. It can still go lower.

The only way it could not be is if this is "the end"

Re: Stocks trampled as Nikkei crashes 13%

#16

Post by short_sells_poo »

blueboo wrote: post #12
drsim wrote: post #6

It’s scary headlines like this: ‘trampled’, ‘crashes’, that put off less informed, risk averse individuals on lower incomes/ net worth, from investing in stocks. It’s a shame, as ETFs, and hell, index funds if you must, outperform savings on a 3 year or even less horizon. Yes, my portfolio dropped 7% this month. I’m still up 6% YTD and 13% in the last 12 months. My horizon is well over 5 years. It would be an easy wa…

Even worse is the minute-to-minute reporting of “AAPL down 17!” “GM below $40!” .. as if the media is actively eroding our statistical intuition. I used to have a broker who would always quote the spot price of the stock after every stock name. It drove me crazy because it signalled a kind of superficial, counterproductive mastery of the state of the market.

They've always been doing this.

Every time the market is down 10%, news outlets can't shout loud enough how the end times are upon us. Various doomsayers come out of the woodwork and point at how they predicted this crash, but conveniently gloss over the 20 other crashes they predicted and that never happened.

The media fanning the flames when the markets are down is something you have to get used to or simply ignore. Tney have no clue, they just want the clicks :D

Re: Stocks trampled as Nikkei crashes 13%

#19

Post by short_sells_poo »

rustcleaner wrote: post #10

Nice! Going to be looking for volatility to sell... Lots of panicked investors gonna be rushing for insurance tomorrow. :DDD

Things get really out of hand when there's a big move outside of the US trading hours because liquidity is so thin. Usually it recovers of course, the scary thing is when it degenerates into a 2020 covid style selloff - 10% down day followed by a number of 10% down days.

Re: Stocks trampled as Nikkei crashes 13%

#20

Post by Aardwolf »

BLKNSLVR wrote: post #8
triyambakam wrote: post #3

Why might this be affecting BTC?

My media's telling me that US recession fears are affecting US stocks. And when US stocks are affected, the effect on cryptocurrencies is generally magnified since cryptocurrency is viewed as a risk asset, so one of the first to be sold off in a panic.

Do you have a view on which president candidate is causing the biggest recession fears, if any?
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