The Long Term Investor

nyc20guy

I did not use the term......"rioting". I used the term......"revolt".....intentionally. NOT...riot or revolution. I am NOT talking about any sort of violence. I simply believe that people will just start to IGNORE the orders of the politicians......and......it will become so widespread that there will be nothing that can be done other than for the politicians to just give up and rescind the orders to save face and their own election chances.

I also.......dont think that opening things up will necessarily lead to more deaths.....I dont buy that presumption. I think reopening business will naturally happen very slowly because people will be hesitant at first to patronize many various types of businesses (restaurants, bars, sports, etc, etc). It will naturally happen slowly. In addition many will still stay home, especially those at risk like the elderly and impaired. In addition, most will still use masks and social distancing for a while till they feel comfortable. I GIVE the AMERICAN people credit for NOT being idiots.

There may be a need for some specific areas to be shut down longer and even after being opened there may be a need for some very specific areas to be shut down again. BUT continuing to keep the entire economy closed is simply CRAZY and will destroy the entire small business base. This would be an EPIC disaster for the country and the world.

 

Bigmaix

I dont care if anyone mimics what I do. BUT....this thread is NOT intended as investment advice. I am a STRANGER on the internet. So, apply your own common sense, logic, and knowledge and do what is right for you. ALSO, be aware that what I do and how I do it is intended to be very LONG TERM. At least 5-10 years minimum. It is NOT short term trading. AND....be aware that there is still very good potential for the markets to continue to go down. I will simply hold through all the short term market chaff. AND....you probably already know this......no one........me or anyone else.....can predict the short to medium term in the markets.

 

YES....Nividia disappointed me........their numbers did not hold up as I expected.......I dropped them.

I cant remember for sure......over the past year or two......at times I had some new cash and was looking for new companies to invest in. At one point back in that general time span I added 4 or 5 stocks to see if they would become long term investments for me.

MSFT and HON were the ones that........STUCK.......and are now hopefully really long term. Nividia and Constellation Brands did NOT pass my test purchase and were dropped within around 6-12 months. Once in a while I try some new companies......some work, some dont.

BA is another company that I put some initial money in as a trial purchase a while back. They DID meet my expectations for a while....but the management issues and problems they had with communication due to the 737 disaster caused me to sell all shares. REALLY GLAD I sold BA back when I did.......they have been a total disaster since than.

I will try new companies once in a while if I have some new money to invest. I will do a search of the SP500 and identify companies that I think might have potential. I will than research them and if they pass my review I will add them as a "trial" investment to see how I like them. I usually decide whether or not to hold them long term within 6-12 months. I HOPE to hold ALL investments for the very long term......BUT....I am NOT shy about dumping a stock or mutual fund that does not perform as I expect.

Chevron is the ONE oil company that I have held off and on at times over many, many, years. I always had high hopes for them as a long term holding. I FINALLY gave up on them...their performance was ok........not bad....but not up to what I could do with that money elsewhere.

 

VIRUS UPDATE

USA - Total cases = 650,558. Deaths = 32,700. Serious/critical cases = 13,487.

I was on the computer in my study yesterday and had the TV on in the other room with the daily briefing. I heard a reporter.....I did not catch who she worked for......ask...... "why do we have more cases than anyone else in the world?" WTF lady......what an IDIOTIC QUESTION.......you cant just compare the RAW NUMBERS.....you have to compare apples to apples.

We have 1951 cases per million of population

Countries that have more cases than us per million of population are:

SPAIN
ITALY
FRANCE
BELGIUM
SWITZERLAND
IRELAND
LUXEMBOURG
ICELAND
ANDORRA
MONACO
GIBRALTAR
LIECHTENSTEIN

Many other countries are below but close to the same as us in number of cases.

AND.....I suspect probably STILL good old China.

https://www.worldometers.info/coronavirus/

 

The markets today.....at least the DOW andSP500 were in an epic battle. Kind of like........ROCKY. Personally, I consider it a VICTORY to see the DOW at slightly positive.........stocks refused to go down and fought their way back from being negative a substantial portion of the day. Good market strength. Lets hope it is an OMEN for a positive close to the week.

 

LOTS of good info in this article. In face....lots of good info that might turn TOMORROW into a killer day in the markets. BUT, these days....who knows. INTERESTING that BOEING is opening their defense production and.......NEXT WEEK......are reopening commercial production. I suspect that most of the BIG CAP companies are going to re-open in the next week or two or three. Regardless of.........guidelines. They are just going to do it and move on.

Dow Jones Futures Jump On Gilead, Boeing News: Ride The Coronavirus Stock Market Rally Wave With These Eight Sectors

https://www.investors.com/market-tr...d-boeing-coronavirus-stock-market-rally-wave/

(BOLD is my opinion OR what I consider important content)

"Dow Jones futures jumped late Thursday, along with S&P 500 futures and Nasdaq futures, on positive news from Gilead Sciences (GILD) and Boeing (BA). The coronavirus stock market rally was volatile Thursday, but closed near highs as the Nasdaq and growth stocks continued to lead.

Gilead is seeing strong early results for antiviral medicine remdesivir. That sent Gilead stock soaring 16% late Thursday. For the coronavirus stock market rally, the Gilead remdesivir news raises hope that an effective treatment will make it easier to open up the economy. Meanwhile, Boeing plans to restart commercial aircraft production at its key Puget Sound facilities as early as April 20. Boeing stock surged 9%.

Microsoft stock, JD.com stock, NetEase stock, Abbott Labs stock and Sea Limited (SE) cleared buy points Thursday, while recent breakouts such as Amazon stock, Nvidia stock, AMD stock and Netflix stock continued to rally.

All of these companies are part of eight pockets of strength leading the coronavirus stock market rally:

• Cloud computing (Amazon.com (AMZN)), Microsoft (MSFT))
• Data center chips (Advanced Micro Devices (AMD), Nvidia (NVDA), Inphi (IPHI)), cybersecurity (Qualys (QLYS), Zscaler (ZS), Okta (OKTA)).
• Work-at-home companies (Zoom Video (ZM), DocuSign (DOCU), Atlassian (TEAM), RingCentral (RNG), Slack (WORK), Microsoft stock).
• Play-at-home (Netflix (NFLX), Activision (ATVI), NetEase (NTES), perhaps Domino's Pizza (DPZ))
• E-commerce (Amazon stock, Sea stock, ZTO Express stock, JD.com (JD))
• Medical products/systems (Dexcom (DXCM), Livongo Health (LVGO), Masimo (MASI), Teladoc (TDOC), Abbott Laboratories (ABT))
• China names (JD.com, ZTO Express (ZTO), NetEase stock).

Some top stocks fall into multiple categories, including Amazon stock, Microsoft stock and JD.com stock.

AMD stock, Nvidia stock, Microsoft stock, Dexcom stock, Netflix stock and Amazon stock are all on IBD Leaderboard. NVDA stock, MSFT stock, Domino's stock, Atlassian stock and RingCentral stock are all on SwingTrader.

A slew of these names are on various IBD Stock Lists, with Netflix, Microsoft, Nvidia, Zoom Video, AMD, Atlassian and Qualys all on the IBD 50.

Dow Jones Futures Today
Dow Jones futures jumped 3.6% vs. fair value. S&P 500 futures rallied 3.2%. Nasdaq 100 futures popped 2.05%.

Boeing stock is giving a big lift to Dow Jones futures, while Gilead stock is fueling Nasdaq futures. Both are boosting S&P 500 futures, especially with Boeing also supporting Spirit Aerosystems (SPR) and General Electric (GE).

China's economy contracted 6.8% vs. a year earlier in the first quarter, the first decline since at least 1992, reflecting the coronavirus crisis. March industrial production actually rose 1.1% vs. a year earlier, as plants started to come back online. But March retail sales skidded 15.8%, signaling consumers remain unwilling or unable to spend much. Fixed-asset investment tumbled 16.1% in Q1.

Dow Jones futures have been calmer during the coronavirus stock market rally, but are still prone to bigger moves. Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

Coronavirus Cases
Coronavirus cases worldwide have topped 2.18 million. Covid-19 deaths are above 145,000.

Coronavirus cases in the U.S. swelled to more than 677,000. New cases declined slightly on Thursday for a second straight day to 29,567. The percentage gain slowed to a new low of 4.6%.

Deaths are above 34,000, climbing 2,174 on Thursday.

Italy's new coronavirus cases picked up, ending a four-day decline. France added more than 17,000 new cases, as that country has reported huge spikes on various days

Turkey, Peru and Russia are adding a lot of cases. Brazil and India infections are rising despite very low testing in that country.

Coronavirus Shutdowns Aren't Over Yet

The coronavirus stock market rally is already looking past the Covid-19 crisis toward the end of shutdowns. Germany will start reopening its economy on Monday, with other European countries tiptoeing back in.

U.S. coronavirus cases took off later than Europe, with new infections still high and daily deaths setting records. Still, some recent trends have raised hopes that states will ease shutdowns and restart their economies.

But New York Gov. Andrew Cuomo offered a reality check for the coronavirus stock market rally. Cuomo said Thursday that New York and several other East Coast states will extend their coronavirus shutdowns through at least May 15.

By waiting until mid-May or later, the U.S. can ramp up its coronavirus testing, which needs to be a lot higher before states open up. America also will get a chance to see if Germany and others are successful in ending coronavirus shutdowns.

President Trump discussed reopening the economy in a call with top business leaders such as Amazon CEO Jeff Bezos. Trump reportedly didn't give a target date for opening up the economy but said states with a lot of new infections, such as Michigan and Florida, would open up later.

We don't know yet if a country can substantially ease coronavirus shutdowns without fueling a new wave of infections. Singapore just added 728 new cases, by far its worst day yet, to 4,427. The city state had relied on testing and extensive track-and-trace programs. But Singapore belatedly shut down nonessential businesses and schools.

A coronavirus vaccine likely won't be available until summer 2021 at the very earlier. But it could be much longer, if ever.

Coronavirus Stock Market Rally

The coronavirus stock market rally had an interesting session. Late morning gains faded after Gov. Cuomo extended New York-area shutdowns, but the major indexes rallied again into the close, with more growth stocks breaking out and recent breakouts continuing to shine.

The Dow Jones Industrial Average eked out a 0.1% gain while the S&P 500 index climbed 0.6%. The Nasdaq composite led once again, surging 1.7% and easily retaking its 50- and 200-day moving averages after just closing below those key lines on Wednesday.

Microsoft stock cleared a double-bottom buy point after moving past an aggressive entry earlier in the week. Abbott Labs stock broke out on strong earnings and bullish guidance on coronavirus test revenue. JD.com stock, ZTO stock and NetEase stock cleared buy points on a strong day for Chinese e-commerce plays. Okta stock joined Zscaler stock and Qualys in buy zones. Sea stock surged out of a short consolidation.

Growth stocks overall had a strong day.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.6%. The iShares Expanded Tech-Software Sector ETF (IGV) rose 1.3%, with MSFT stock the biggest holding. The VanEck Vectors Semiconductor ETF (SMH) gained 2.7%, led by Taiwan Semiconductor (TSM), AMD stock and Nvidia stock. The Global X E-Commerce ETF (EBIZ) boasts Amazon stock, JD.com stock, NetEase stock, Shopify (SHOP) and Alibaba (BABA).

Can Coronavirus Stock Market Rally Keep Running?

The coronavirus stock market rally is recovering almost as fast as the market crash. But it would be highly unusual for the market to rally straight up to old highs and beyond. The current market rally could reverse or go sideways for a substantial period.

The economic backdrop reinforces that likelihood. The coronavirus shutdowns have triggered immediate severe sector recessions. But easing those restrictions will be a slow process, with consumer behavior likely remaining cautious. And there's a significant risk that coronavirus shutdowns will have to be reimposed. The stock market does a good job of pricing in future events, but this is an unprecedented economic environment.

One reason why the leading sectors are leading is many are coronavirus plays, from Amazon stock to Netflix stock, Microsoft stock, AMD stock, Nvidia stock, Abbott Labs stock, Dexcom stock, Zoom Video, Domino's and Activision. Such companies should do relatively well in the current environment and provide guidance going forward.

But, if the economy opens up, coronavirus plays could fall out of favor. Netflix stock and Amazon stock fell slightly late Thursday despite the broad-based overnight rally.

The coronavirus stock market rally may keep running, as Dow Jones futures are signaling overnight. So investors should be taking part. Just don't get in over your skis. Stay disciplined in your buying and be ready to react quickly if the coronavirus market rally sours.

MY COMMENT

The BIG CAP companies are just going to open up REGARDLESS of whatever the government says or does. It is OBVIOUS that they are going to do so. AND.....no one will say a word about it. BOEING is going to open back up commercial production....next week. I guess if you are BIG ENOUGH you can pretty much open back up when you wish. GOOD.

The danger is that the HEAVY HAND of local and state government will STILL be around the neck of small businesses....choking the economy to death. State governors, mayors, and county government NEED to get out of the way and let people decide for themselves how and what they wish to do in terms of patronizing businesses. The BIG DANGER to health, welfare, the economy, and business.....especially small business......is the local government BUREAUCRATS.

Lets see a 1000 PLUS point day on the DOW tomorrow........come on........JUST DO IT...

 

BESIDES the info in the article above......here......is another BIG PUSH for a good day in the markets today. It is nice to see big companies all over the country gearing up and pushing to open back for business. AS USUAL....it is the private sector and business and every day AMERICANS that are leading the way to getting the country back up and working and.....dragging......the politicians and bureaucrats......all of whom still have their jobs and guaranteed incomes.....along. I can JUST IMAGINE....all the various government committees and groups meeting with their FACILITATORS............"now, what is the definition of re-open?".

SORRY, my view of politicians on both sides and government is mostly due to having been a small business owner for 20+ years till I retired at age 49. The BIG reason I retired at age 49....besides the fact that I could because my business was very successful.....was that government....my silent partner....was taking over 55% of my income in the form of personal and business taxes....while "I" was the one who was risking personal assets and capital, and working my ass off, to make the money.

Procter & Gamble US sales surged 10% as consumers stocked up ahead of coronavirus outbreak

https://www.cnbc.com/2020/04/17/procter-gamble-pg-q3-2020-earnings.html

(BOLD is my opinion OR what I consider important content)

"Procter & Gamble on Friday reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like Charmin toilet paper and Bounty paper towels ahead of the coronavirus outbreak.

But the consumer products giant cut its revenue forecast for fiscal 2020, citing headwinds from foreign currency.

Shares of the company rose less than 1% in premarket trading. The stock, which has a market value of $305 billion, has fallen 1% in 2020.

Here’s how Procter & Gamble did for the quarter ended March 31 versus what analysts expected based on a survey of analysts by Refinitiv:

• Earnings per share: $1.17 adjusted vs. $1.13
• Revenue: $17.21 billion vs. $17.46 billion

P&G reported fiscal third-quarter net income of $2.92 billion, or $1.12 per share, up from $2.75 million, or $1.04 per share, a year earlier. Excluding items, it earned $1.17 per share.

Net salesrose 5% to $17.21 billion. Organic revenue, which strips out the impact of foreign currency, divestitures and acquisitions, rose 6% during the quarter.

Organic sales for P&G’s fabric and home-care segment, which includes brands like Tide and Ariel, rose 10% in the quarter.

Its baby, feminine and family care business, which includes Pampers, saw organic sales rise 7%, even though demand for its baby products weakened in China, its second-largest market. Retail sales disruptions in China hurt its beauty segment, with its sales of its pricey SK-II skincare line declining by double digits.

The company warned in February that its third-quarter profits and revenue would take a hit as the Covid-19 outbreak caused supply chain interruptions and weaker demand in China.

P&G’s grooming business, which includes Gillette and Venus, was the only segment to report shrinking organic sales.

P&G maintained its outlook for organic sales growth for the fiscal year but said revenue will be lower than expected due to the impact of foreign exchange. It now predicts fiscal 2020 sales will rise 3% to 4%, down from a prior range of 4% to 5% growth.

The company also backed its prior fiscal 2020 earnings forecast, which calls for growth of 235% to 245% on a per-share basis, due to impairment charges from the Gillette shaving business in 2019. Excluding items, adjusted earnings per share will be up 8% to 11%, P&G said.

Even as other companies are slashing or suspending their dividends, P&G announced on Tuesday that it will raise its quarterly dividend by 6%."

AND

Procter & Gamble Tops Q3 Earnings Forecast, Trims 2020 Sales Outlook

https://www.thestreet.com/investing/procter-gamble-tops-q3-profit-forecast-cuts-sales-outlook

"Procter & Gamble expects to pay $7.5 billion in dividends, and repurchase $8 billion in shares, over its 2020 fiscal year.

• PG) - Get Report posted stronger-than-expected third quarter earnings Friday, but trimmed its sales growth forecast amid the impact of a stronger U.S. dollar.
  
  Procter & Gamble said core earnings for the three months ending in March, its fiscal third quarter, were pegged at $1.17 per share, a 10.4% increase from the same period last year and 6 cents ahead of the Street consensus forecast. Group net sales, Procter & Gamble said, rose 4.5% to $17.2 billion, but came in just shy of analysts' estimates of a 17.4 billion tally.
  
  For the current fiscal year, P&G maintained its earnings growth forecast of between 8% and 11% but noted that stronger currency headwinds would keep all-in sales growth in the 3% to 4% range, a 1% reduction from its prior estimate.
  
  “The strong results we delivered this quarter are a direct reflection of the integral role our products play in meeting the daily health, hygiene and cleaning needs of consumers around the world,” said CEO David Taylor. “Our organization has been doing a terrific job against our near-term priorities – protecting the health and safety of each other, maximizing availability of P&G products to meet heightened consumer need and helping society meet and overcome the challenges of this crisis.”
  
  Procter & Gamble shares were marked 1% higher in pre-market trading immediately following the earnings release to indicate an opening bell price of $122.63 each.
  
  Earlier this week, Procter & Gamble boosted its quarterly dividend by 6%, to 79.07 cents per share, marking the 130th consecutive year that the group has paid a dividend since its incorporation in 1890."

MY COMMENT

This is good earnings news and should be a driver of the markets today along with much other positive news. Emphasis on....."should"......since it its usual perverse way the markets will probably latch onto some obscure item in the report and the stock will be down for a day or two before going UP. The dividend is a big news item. I own this company because they are an AMERICAN ICON and seem to have figured out how to survive and do well with the younger MILLENNIAL and other younger generations of consumers. Of the BIG old school conglomerates, I think the management of this one is more on top of things with their marketing and business plan.

 

Talk about BIG CONGLOMERATES......the modern version of this concept.....AMAZON is KILLING IT. This is a once in a lifetime company and investment. ANYONE that is invested in the SP500 Index take heart, you are an owner of a good percentage of AMAZON stock by owning that.....weighted......index. This company is and will be a CORE HOLDING for any investor for many years to come. Currently hitting new highs nearly daily.

HERE are the 20 largest holdings in the SP500:
https://www.investopedia.com/articles/investing/053116/10-largest-holdings-sp-500-aaplamznfb.asp

"1) Microsoft Corporation (MSFT)
Trading price: 129.73
Market cap: 983.62B
Index weighting: 4.16


2) Apple Inc. (AAPL)
Trading price: 204.18
Market cap: 959.88B
Index weighting: 3.7


3) Amazon.com Inc. (AMZN)
Trading price: 1,949.35
Market cap: 961.43B
Index weighting: 3.2


4) Facebook Inc. Class A (FB)
Trading price: 191.60
Market cap: 548.35B
Index weighting: 1.89


5) Bershire Hathaway Inc. (BRK.B)
Trading price: 213.53
Market cap: 528.47B
Index weighting: 1.69

6) Alphabet Inc. Class C (GOOG)
Trading price: 1,274.90
Market cap: 866.25B
Index weighting: 1.59

7) Alphabet Inc. Class A (GOOGL)
Trading price: 1,279.95
Market cap: 855.72B
Index weighting: 1.56

8) JPMorgan Chase & Co. (JPM)
Trading price: 114.31
Market cap: 374.54B
Index weighting: 1.53

9) Johnson & Johnson (JNJ)
Trading price: 140.02
Market cap: 376.54B
Index weighting: 1.52

10) Exxon Mobile Corporation (XOM)
Trading price: 80.30
Market cap: 341.98B
Index weighting: 1.42

11) Visa Inc. Class A (V)
Trading price: 162.93
Market cap: 358.59B
Index weighting: 1.16

12) Bank of America Corp (BAC)
Trading price: 30.32
Market cap: 292.54B
Index weighting: 1.01

13) Intel Corporation (INTC)
Trading price: 52.52
Market cap: 292.54B
Index weighting: 1.06

14) Proctor & Gamble Company (PG)
Trading price: 105.75
Market cap: 264.62B
Index weighting: 1.05

15) Cisco Systems Inc. (CSCO)
Trading price: 56.05
Market cap: 249.78B
Index weighting: 1.02

16) Walt Disney Company (DIS)
Trading price: 140.98
Market cap: 250.19B
Index weighting: 0.99

17) Home Depot Inc. (HD)
Trading price: 203.45
Market cap: 225.50B
Index weighting: 0.95

18) Verizon Communications (VZ)
Trading price: 56.65
Market cap: 250.19B
Index weighting: 0.95

19) Chevron Corporation (CVX)
Trading price: 117.10
Market cap: 223.81B
Index weighting: 0.92

20) Mastercard Incorporated (MA)
Trading price: 246.90
Market cap: 253.19B
Index weighting: 0.91"

MY COMMENT

NOT random chance that I happen to own 7 of the above in my portfolio of 11 stocks. I LIKE to invest in the cream of the crop of the AMERICAN and world economy. In addition, as to the remainder of my stock holdings........COSTCO is number 33, NIKE is number 47, Honeywell is number 57, and 3M is number 63.

 

For those that have never been a business owner......here is a little example of why this situation is KILLING small business. When I was a business owner from 1978 to 1999......my overhead was approximately $25,000 per month. I supported anywhere from 6 to 20 employees. I paid TAXES to local, state, and Federal governments.....from my income......for:

Social Security self employment - 15%
Social security for employees 7%
Personal Income tax 25%
FUTA (Fed unemployment) less than 1%
State L&I 1%
State Unemployment less than 1%
State B&O tax 2% (on gross income even if $0 profit)
City B&O tax 0.5% (on gross income even if $0 profit)
Property Tax, personal residence 3-5%
Property Tax, business office 3-5%
Personal property tax (business) 1%

MOST of these costs are STILL an obligation of small business in the current situation......REGARDLESS....of whether or not they are open, or making any money. OR.....if they are deferred.........they will have to be paid later. For many small businesses that are making a go of it month to month it will be very difficult to survive if they are forced to be closed for much longer than the end of this month. For busines owners like I was.....even if you are able to survive.....it becomes a weighing of the risking of capital, versus the reward (return). For any business owner.........even in good time and even if making money............there is a point in time that the return is not worth the cost of doing business and the exposure of personal assets. People that have never been in business DONT REALIZE that for most.....including very successful....business people....ALL of your personal assets can be at risk in running and managing the business. If you are dealing with banks, finance companies, mortgage holders, etc, etc, they WILL ALL.......usually..........want personal guarantees.

 

SO.......looking at the DOW at the moment and using the DOW.......It will take a gain of about 23% from the current level to get back to the mid 29,000 range which was the previous.....just a few months ago.....high. I STRONGLY believe this represents a reasonable UPSIDE from where we are right now over the next 4-9 months. I ALSO believe that the markets have perhaps, an additional UPSIDE of 5% more for a total UPSIDE potential of about 28-30% from where we are right now over the next year. I STILL believe that there is very good potential for DOW 30,000 by year end.

BUT....all predictions right now are nothing more than castles, on the beach, made of sand, that can be quickly washed away by one wave.

 

For the past couple of weeks as earnings started we have been........WHISTLING past the graveyard. BUT....we have successfully made it past another earnings week.......AND......we were positive for the past TWO weeks. The PEAK of earnings will come over the next 4 weeks. We NEED to continue this nice trend we are in right now. The positive news is starting to OVERWHELM the negative over the past two weeks.

NICE.......

 

HERE is a review of the markets this past week for the ............minimalist investor.

DOW year to date (-15.05%)
DOW gain for the week +2.21%

SP500 year to date (-11.03%)
SP500 gain for the week +3.04%

DOW gain for the past month +21.83%
SP500 gain for past month +19.87%

 

Great job Zukodany.

I dont know what you age is....but....if you are younger and have at least 20 years till retirement....YOU have an amazing start on securing your family's future. If you are in your 20's or 30's......even better.

I IMAGINE that you will DEFINITELY be able to ride out any storm to come, since you were able to invest through this event. ANYONE that had the guts to invest through February to March to April of this event should be able to weather ANYTHING going forward. As you look back over your investing lifetime, this event will probably be the absolute worst economic time you will face.

For ANY LIVING investor.......I dont think any one is still living that was a GREAT DEPRESSION investor......this is one of the SEMINAL EVENTS of the last 90 years of investing. ALTHOUGH......in some ways when I think back, the late 1970's and early 1980's might have been worse with the oil crisis and STAGFLATION. What made that time so BAD was the LONG TIME that it lasted and the feelings of hopelessness that many felt going through year after year.

YES.....there will still be times short, medium, and long term that the markets SUCK. BUT......over the long term the power of compounding and the general UPWARD BIAS of stocks and markets will win out.......BIG TIME. The other KEY to capture those gains is NOT to over-trade your account. Select great quality companies and funds and ride them for the long term for as long as you can. My GOAL is to make ZERO moves in my account in a year. I ALSO, look at and try to build my portfolio......AS A WHOLE......that provides superior performance greater than the sum of the parts. (by performing well in all sorts of different market conditions) Dividends and reinvesting are a BIG part of long term gains and compounding. It is NICE to start off every new year knowing that your account has a BUILT IN 2-3% just from the dividends alone.

 

Thanks....and please keep posting your experiences Bigmaix. We ALL learn from what others post.

YES and NO.....I dont listen to any channels on Youtube, the internet or even TV for investing advice or info. I DO turn on FOX BUSINESS from till 11 for Maria and Varney. I than switch to CNBC at 11 since I dont like Cavuto, also do not like Liz Claman, I find BOTH of them pretty worthless. I do REALLY like Charles Payne on Fox business also....probably since he seems to think a lot like I do.

I dont stay glued to the business news all day, but if I am home and there is nothing else on I might have it on in the background. I personally get the MAJORITY of my market news the old fashioned way......READING daily. There is RARELY anything on the TV business channels that I have not seen in my daily reading.

FOR ME when I was starting and up till now......the time to add to investments was ANY TIME I have new stock market money available. As you see on here, I am NOT a market timer, I dont believe it works. I am an......all in all at once....investor, when I have available money siting around that is going to be long term money.