The Long Term Investor

Discussion in 'Investing' started by WXYZ, Oct 2, 2018.

  1. Smokie

    Smokie Well-Known Member

    Joined:
    May 24, 2022
    Messages:
    2,329
    Likes Received:
    1,796
    Yeah, if only we knew in advance. We could be really rich with that kind of info. :D

    It's kind of odd thinking about what may become down the road.

    Thinking back 20 years ago would be about 2006 in hindsight. Little did we know what was to become just a year or so after that. Still amazed where we are today in comparison.

    Looking forward 20 years. Probably look back then and wonder the same about some of it. Time is a funny thing to reflect on. I'll take a wild guess and bet that you will be significantly wealthier by then despite all that you may have to endure to get there.
     
  2. Smokie

    Smokie Well-Known Member

    Joined:
    May 24, 2022
    Messages:
    2,329
    Likes Received:
    1,796
    I don't necessarily disagree with the ever-present availability of the noise. It can certainly be very loud. I don't disagree that a lot of it is BS and pointless, especially to long-term investors.

    I just don't think it is going to permanently disrupt our ability as long-term investors to make and get long term wealth.

    We will go on at some point, whenever that may be, and get some great returns. Will we still complain that it is BS and manipulation?? Does this only occur during corrections and bears?? Or are we going to say, well the market has just come to its senses.

    I'm not trying to be a smart aleck, so please don't receive it as such. I respect your opinion. We just have a difference here and that is perfectly okay.
     
    roadtonowhere08 and TomB16 like this.
  3. Jwalker

    Jwalker Active Member

    Joined:
    Jul 12, 2020
    Messages:
    114
    Likes Received:
    83
    Hi guys, haven’t been on in a while, but keep the head down. I moved some money around on Friday. I have been buying t bill ETFs over the last year for various reasons and moved about 1/5 of my t bills ETFs into VTI index fund.
     
    Smokie likes this.
  4. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
    Of course it is OK for us to have different opinions...." educated guesses"...about the future of the markets SMOKIE. I appreciate the good discussion.

    As I said I....HOPE.....your view is correct. I would hate for the markets to be lost to future generations.
     
    Smokie likes this.
  5. Smokie

    Smokie Well-Known Member

    Joined:
    May 24, 2022
    Messages:
    2,329
    Likes Received:
    1,796
    Nice to hear from you again JWalker. Not a bad idea to have that available to deploy when there is a bit of a discount present.
     
    Jwalker likes this.
  6. Smokie

    Smokie Well-Known Member

    Joined:
    May 24, 2022
    Messages:
    2,329
    Likes Received:
    1,796
    Yes, indeed. Truth be known, this topic is probably already being betted on in some gambling platform.:)
     
    WXYZ likes this.
  7. Smokie

    Smokie Well-Known Member

    Joined:
    May 24, 2022
    Messages:
    2,329
    Likes Received:
    1,796
    Here is where we are in the SP 500 before the week starts.

    S&P 500 Drawdown Metrics
    Last Closing Price 6368.85
    All Time High 7002.28
    Lowest Price Since All Time High 6356.08
    Drawdown At Lowest Price Since All Time High -9.23%
    Gain From Lowest Price 0.20%
    Gain Required to Reach All Time High From Current Price 9.95%
    Gain Required to Reach All Time High From Lowest Price 10.17%
     
  8. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
    TomB16 likes this.
  9. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
    The new.....BIG TOBACCO. No way the politicians will be able to stay out of this.

    Big Techbacco
    The growing risk that these companies are viewed as a cancer...

    https://spyglass.org/big-techbacco/
     
    roadtonowhere08 likes this.
  10. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
  11. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
    AND....a nice little article on another BIG issue going forward.

    We Haven’t Seen the Worst of What Gambling and Prediction Markets Will Do to America
    I don’t think people have thought hard enough about how bad this could get.

    https://www.derekthompson.org/p/we-havent-seen-the-worst-of-what

    "Gambling is flourishing because it meets the needs of our moment: a low-trust world, where lonely young people are seeking high-risk opportunities to launch them into wealth and comfort. In such an environment, financialization might seem to be the last form of civic participation that feels honest to a large portion of the country."
     
  12. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
  13. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
  14. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
  15. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
  16. Smokie

    Smokie Well-Known Member

    Joined:
    May 24, 2022
    Messages:
    2,329
    Likes Received:
    1,796
  17. roadtonowhere08

    roadtonowhere08 Well-Known Member

    Joined:
    Apr 13, 2020
    Messages:
    1,036
    Likes Received:
    939
    It's about time. I have seen so many people (children especially) absolutely glued to their phones, letting their brain liquify as they watch absolute nonsense for hours on end. It's pathetic. And these companies have leaned into it for profit. It's a mental health cancer.

    This might be the beginning of people getting a life again. Who knows? All I know is that unless something big changes, these companies do not care about their users and will extract as much out of them as they can.
     
    WXYZ likes this.
  18. roadtonowhere08

    roadtonowhere08 Well-Known Member

    Joined:
    Apr 13, 2020
    Messages:
    1,036
    Likes Received:
    939
    I totally see where you are coming from. I think markets are being manipulated whether they go up or down. Whatever nets the most profit at the time.

    Whether this results in a fundamental macro change in the landscape over time remains to be seen. I want to be on the optimistic side like you, but there is that ever present mantra of "never enough" inherent in many that might not be overcome by pure capitalistic market forces.
     
    #28698 roadtonowhere08, Mar 30, 2026
    Last edited: Mar 30, 2026
    Smokie and WXYZ like this.
  19. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
    Unfortunately Road....I dont think any amount of lawsuits or anything else will stop......"screen disease". The big claims and pay-outs did not stop big tobacco and they will not stop big social media or the young generation being hooked on screens.

    In the end the politicians will get their BILLIONS........and....the "system" will release the social media companies just like the tobacco litigation..
     
    roadtonowhere08 likes this.
  20. WXYZ

    WXYZ Well-Known Member

    Joined:
    Oct 2, 2018
    Messages:
    19,567
    Likes Received:
    6,224
    WOW....big surprise. I have a nice large....small gain in my stocks right now. In spite of NVDA, PLTR, and AAPL being RED.
     

Share This Page