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I'm Not Sick of Winning Yet
Posted: Mon Jul 31, 2017 10:08 pm
by johnforbes
Given the stock market from November 9 on, I'm not quite sick of winning yet.
However, the numbers did burn off one of my pocket calculators.
Re: I'm Not Sick of Winning Yet
Posted: Mon Jul 31, 2017 10:43 pm
by Clownkicker
Yeah, I know what you mean. After a month of Obama the markets started up and went up for eight years. But you thought he was the worst President ever.
Now the markets go up for six lousy months under Trump and you pretend that means he's doing a great job. :lol: :lol:
Always the fucking hypocrite, aren't you johnny.
Re: I'm Not Sick of Winning Yet
Posted: Tue Aug 01, 2017 4:11 am
by namngulfvet
Clown if brains were gasoline, you wouldn't have enough to take a piss-ant's go-cart for a lap around a cheerio.
Re: I'm Not Sick of Winning Yet
Posted: Tue Aug 01, 2017 8:23 am
by johnforbes
Clown, you misunderstood my post.
Everybody has to invest under a variety of presidents if you are a steady, long-term investor.
The bad economic news of 2008 led to historic low interest rates which naturally boosted stocks, so I took advantage of that.
Throughout 2016, I strongly suspected Trump would win easily and so I prepared for the stock market to like that.
Pundits on CNBC and in the WSJ fretted that Trump might be bad for stocks because markets hate uncertainty, but that always seemed like a nutty take.
Do I think the market could tank if, for example, the business tax cut is halted by fake Republicans such as McCain?
Sure, could happen, but Charlie Munger gave the sage advice not to invest if you cannot tolerate a 50 percent slash in stocks.
50 percent.
If you can stomach that and remain in, you are ready to invest per Munger.