Here are some of my not-so-expert observations/tips:
With $100 I think the casino would payout much better. I have always seen the stock market as a sure way to not get rich quick. Slow and steady, dividend producing mutual funds and compound interest are the way to save money. I never invest money that I can't afford to live without.
Wow, I don't think I have the balls to plop down that much in a such a short period. The history shows that market will recover at a much higher level and I'm very tempted to tap into my safe haven account to buy more. However, Murphy's Law dictates that a soon as I do that, the market will sunk much lower, all dividends will be cut to zero, I'll get laid off from my job, get kicked out of the National Guard, all cars and appliances break at the same time, and while the root develops a leak.
That would be bust, I'm hoping for 21.
I wouldn't say it's a bust since the round hasn't ended. Sure, you didn't time the bottom (hit 21) but you can still end up with a 19 or 20. As I mentioned on the other post, people who started investing late 2007 and stayed put are still up by a large margin.
I was saying if everything tanked in your life at once according to Murphy's Law, it would be a bust.
Ford froze its dividend today. Not surprised since it was on the high side even before the coronavirus issue. I took almost 50% hit on it (not counting dividends), but fortunately, it was a speculative pick so I limited myself to a very small position of $5K. I may be tempted to nibble at it some more if it hits the $2 range.
The majors aren't going anywhere but don't be surprised if there's another 20% or more correction yet to go.
I took some positions in energy stocks when I thought they were at the bottom and had decent dividends but they got whacked by COVID-19 and a price war and lost about 50% of their value. They already had poor dividend coverage ratio before the crisis so I wouldn't be surprised if they end up cutting or freezing dividends.
Don't be. As mentioned previously, I believe many are selling now due to margin calls and liquidity issues. Those types were the ones who laughed at me for refusing to leverage and building cash for a raining day. They were the types who call me a fool because I directed a good portion of my free cash flow to pay off the mortgage and increase my emergency fund to last three years, and kept parroting about how the market returns around 8% on the long run without realizing that 8% comes with large amounts of volatility and risk. Don't get me wrong, I still maxed out my retirement accounts and also contributed to my non-retirement accounts prior to the pandemic, but wasn't greedy enough to take extra risks.
