Quote:
Originally Posted by lamboguy
you guys are all Johnie come lately's at this. i am positive you don't know that this month only has 1 week to go in it and it is dangerously close to blowing up the 40 month moving averages. if that average doesn't hold up, you will see a cascade down like you have never seen before in your life and will never see one this bad again as long as you live. but you guys still think you can pile into some safe dividend-producing ETF and not lose all your money in it.
there is no such thing as "safe" in any market that trades back and forth. but of course, you would rather try to make fun of me for presenting very low and unimaginable numbers in your minds. and the great line you are going to say when this eventually happens is that it went this low because they raised interest rates and i made a lucky call.
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How do you define “safe”?
If you want something to buy today and sell tomorrow then yea things can go sideways right now.
If you want something to buy now, get paid an actual portion of real company profits and can hold as long as you like then there is “safe” stuff to buy right now.
Weren’t you the one that was jamming me up about how McDonald’s was going to utterly collapse a few months ago? And I told you it would outperform the market in a downturn? McDonald’s is actually UP 3% in the last six months while the S&P is down over 15%. And oh yeah, they’ll pay me MORE money to own it this year than they did last year, just like they have 49 years in a row.
Most people’s biggest problem in the stock market is they are buying junk companies. Junk that makes no actual profit, has no track record and returns no money to shareholders. Those types of traders will lose their ass right now, and I’ll laugh at them while they do.