Poll of the Day > How closely do you follow the stock market?

(+) Yeah! (+)

do you?

Not at all.

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I check it occasionally to see if the bubble is bursting finally. Once we get our long overdue next recession, I'll start investing.

And also just love to see it go down, since as a saver, my interest has been kneecapped for a fucking decade just to prop up the market. It's satisfying to see the leeches take a hit.
The past two days have been awesome! Coronavirus might be the black swan event that causes the house of cards to come down. I predicted the event would come from China years ago, but thought it would be due to their housing bubble or a day of reckoning for all the "dark money" they pour into their market, not...a disease.

I don't.

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I used to check it often 'cuz I played a fake stock sorta 'fantasy football' kinda game... but it's been many a year

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I mean, I don't think the stock market crashing is going to help the absolute horrid interest rates. It is totally screwed up right now though.

I don't invest in stock. I don't gamble......people will tell you...long term the stock market is not a gamble!!!

People are stupid.

I don't gamble.

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All I ever hear of it is my gf bragging about how much money she makes off of her marijuana stocks.

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Not at all.

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DocDelicious posted...

All I ever hear of it is my gf bragging about how much money she makes off of her marijuana stocks.

But all the marajuana stocks have pretty much tanked.
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Blaqthourne posted...

But all the marajuana stocks have pretty much tanked.

Tell my gf that. She's still making bank apparently.

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DocDelicious posted...

Tell my gf that. She's still making bank apparently.

Has she been shorting them? Or is she day trading them? I don't know how anyone could be making bank off MJ stocks in the last 5 years by holding them long. And I'm pretty sure none of them pay a dividend.
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Actually, I was mistaken. Up until about a year ago, some of the big names were looking pretty good. They've just crashed in the last year or so.
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wolfy42 posted...

I don't invest in stock. I don't gamble......people will tell you...long term the stock market is not a gamble!!!

People are stupid.

I don't know. My bank account is paying around 0.5% interest. My CDs are in the 1.5% range. I have a basket of stocks all paying from 2% to 10+%, with the vast majority over 4%. What I started investing with in stocks a little under 20 years ago more than tripled, as of two years ago when I started moving a bunch of money into the market (one of the first stocks I bought, and still own, quintupled just from reinvested dividends). Obviously, that includes the recession of 2008, which I think scared me off from putting more in for a long time.

The average return of the S&P 500 has been 8% over the last 60 years.
https://www.investopedia.com/ask/answers/042415/what-average-annual-return-sp-500.asp

I think I prefer being stupid.
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Blaqthourne posted...

I think I prefer being stupid.

I'm not saying people are stupid for investing (gambling) on the stock market, just that people saying it's not a gamble are well......wrong.

Maybe it has good odds, but it's a gamble, straight out gamble. The idea that if you wait long enough the stocks will bounce back, or the evidence that over time it has just gone up, could have been used for the housing market not that long ago before it drastically crashed.

If your careful and smart you can probably avoid a massive loss, but...at the same time you can get 2% with no risk at all (thought it's getting harder to get more then 1.5 now).

8% of course (and if your lucky more than that) is waaay better, don't get me wrong, but.....right now there is a bunch of things that could seriously thrash the stock market in the next few years. I consider it a risky gamble at this point honestly.

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Pretty closely

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When I first got into investing I followed it daily, but seeing the constant ups and downs of the markets and hearing the doomsayers on every dip really came to be depressing.

Now I check it 1-2 times a month.

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wolfy42 posted...

If your careful and smart you can probably avoid a massive loss, but...at the same time you can get 2% with no risk at all (thought it's getting harder to get more then 1.5 now).

Remember when the banks crashed and people just lost all their savings?

Savings interest doesn't come from nowhere, you're just in the shit return stock trading pot that gets drawn from after the other traders. The only way to keep money is through intelligent money management and you're choosing not to engage.
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streamofthesky posted...

I check it occasionally to see if the bubble is bursting finally. Once we get our long overdue next recession, I'll start investing.

And also just love to see it go down, since as a saver, my interest has been kneecapped for a fucking decade just to prop up the market. It's satisfying to see the leeches take a hit.
The past two days have been awesome! Coronavirus might be the black swan event that causes the house of cards to come down. I predicted the event would come from China years ago, but thought it would be due to their housing bubble or a day of reckoning for all the "dark money" they pour into their market, not...a disease.

...................................

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stonks

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Not at all. I may hear things from family and friends but I do not react to them. I have been treating my Roth IRA and mutual fund as fire-n-forget while increasing the contribution each year.

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Not at all. It can drop to zero for all I care.

Probably the single worst thing to happen to the American economy. Those in control of the market profit the most when those thinking they can rely on it for stability lose it all when it ultimately collapses, out of design.

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About 1000 days in every four years. Depends virus happens I watch closely etc. major stock market drops etc.

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