Quote:
Originally Posted by Rex Phinney
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.
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there is no such thing as safe in anything you do in life.
when you get programmed in life to believe that things like markets have only one direction to travel (in the long run, meaning years) you will be in for a rude awakening. these markets, including dividend-paying ETF's are primed to go down for many years just like its gone up for many years.
i know its tough for most people to comprehend what i am preaching here because people get complacent to things and can't understand how things change.
