You also can't loose if you don't sell. Average down and wait. As long as the ticker isn't going bankrupt you are good. Even if they are sometimes you are good. Look at corzq. I grabbed them when they filed for bankruptcy at .08. Today they are 3.70
SVTP stock pick thread.
- Thread starter STAMPEDE3
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My father set this account up years ago, I just recently started to actually try and sail the ship
In my experience the people who say the stock market is a casino are the ones who treated it like a casino. They make risky bets on silly things, lose, and then sulk away forever and claim the markets are a big Ponzi scheme.
No of course not. But look at an index fund like QQQ and tell me they wont be up again next year this time by about 15-20%. No, not every year, but look at 10 year span. I agree short term trading is no different than gambling because you have no idea what's going to happen. But long term is pretty much a guarantee. Even with a pandemic.
No one who invested in the S&P 500 and held for at least 20 years in any time period ever lost money.
Nope. They normally get 8 fold in 20 years.
Check your math and history on that because that is not accurate.
Curious question, what type of goals do you have on your account?
Rule 1: Don't lose money.
Rules 2-10: Don't forget Rule 1.
(acknowledgment to Warren Buffett for this)
Well, average S&P growth over the last 20 years = 11%
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if you take $100 and multiple it by 11% compounding over 20 years...
So 100x1.11^20 = $806
so 8 fold.
Please correct me if I'm wrong
lol. Excellent advice.
You misread my statement. I said at ANY time you invested in the S&P 500 you would not have lost money. But there are times that if you invested at the wrong time you made nowhere near an 8 fold.
Example: Using the chart you furnished, if you invested in 1999 at $156,658.05--20 years later in 2019 it was $502,371.39. Not 8 times your money.
That's totally true. Maybe you misread my statement. I said "normally" meaning average and average is 10-12%. so if you pick 11%(coincidental that its exact 11% over the last 20 years?) then you get 8 fold. Some 20 year periods would be less and some more. Thats why i speak in terms of average.
The trouble with using the S&P 500 is that it was founded in 1957. The chart you displayed goes all the way back to the 1920s. The thing to remember with averages is that everyone always uses January-through December to chart returns even though if you use a different starting point during the year the results can be very different. Calendar anomaly they call it. Here's one to chew on:
DOW in December at the end of the month in 1964 was 874.
DOW in December at the end of the month in 1981 was 875.
The S&P is still an average representation of the market. 11% is still accurate. I don't understand why that's a problem. Wouldn't that be GOOD news for everyone?
Average gain between 1957 and 2023 is 11.7% so $100 turns into $912 in an average 20 yr span
My argument is that timing has a vast influence on your results. Your 11.7% annual return is only accurate if people invested on the first day of market trading in January 1957.
Ask yourself: How many people judge their results on what they invested at the beginning of January?
People dollar cost average throughout the year in their funds and just because the S&P 500 made, say, 12%, doesn't mean they did at year's end.
I think i see what you're saying... but average is average. in March 88 to March 08 or december 03 to December 23. the average should still remain approx the same baring an anomoly.
But i also dont attempt to time the market. I invest steadily every single month.
Who else got on the SMCI train?
Might drop them soon and take what i got.
Might drop them soon and take what i got.
My mom punched her ticket at $246. I got on board at $742.
i don't subscribe to the time in the market thing and am heavy or all cash often, it is tbd if i change my mind and realize i'm wrong lol. (unless something is trending up on the longer time frames)
i am trying to get more consistent at going in heavy and getting out with small percentages, hoping to compound. i know i can certainly do better than the average SPY year, and don't mind a challenge here and there.
i also can't stand holding through earnings, i don't see how yall have the nerves to do that!
i am trying to get more consistent at going in heavy and getting out with small percentages, hoping to compound. i know i can certainly do better than the average SPY year, and don't mind a challenge here and there.
i also can't stand holding through earnings, i don't see how yall have the nerves to do that!
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