[Newfie]

VT,

Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.

[REAL Green]

$this->bbcode_second_pass_quote('Newfie', 'V')T,

Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.

[vtsnowedin]

$this->bbcode_second_pass_quote('REAL Green', '')$this->bbcode_second_pass_quote('Newfie', 'V')T,

Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.

[Newfie]

Yes f course ai have had debt when younger. Mortgage and car.

I bought a new car and financed it. After 3 years paid off, so. Took that “monthly payment” and made a deposit to my bank account every month. Bought the next car cash. And so it has been.

[vtsnowedin]

The market took a hit today based on bad news in Europe and the realization that Biden will probably win. Also any new stimulus package will probably come after the election and include all of the Pelosi giveaways to blue state governments in it.
I console myself in that my stocks only went down about half as much as the broader market and if the trend continues there might be a bottom to fish on.

[evilgenius]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('REAL Green', '')$this->bbcode_second_pass_quote('Newfie', 'V')T,

Yes, we are pretty similar. In observations of others and our situation. We are “comfortable” because we were personally responsible. We too carry no debt.

[vtsnowedin]

$this->bbcode_second_pass_quote('evilgenius', '
')On that note, what do people think about Ant Group? They are a new way of providing finance, one that knows more about you through data collection. They are supposed to be in competition with regular banks. They are supposed to be better. I wonder if that is true? The banks are down right now. Does the uproar over Ant signal a change? Is it time to get into banks?

[REAL Green]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('evilgenius', '
')On that note, what do people think about Ant Group? They are a new way of providing finance, one that knows more about you through data collection. They are supposed to be in competition with regular banks. They are supposed to be better. I wonder if that is true? The banks are down right now. Does the uproar over Ant signal a change? Is it time to get into banks?

[vtsnowedin]

The fact that the Ant group is based in China is enough for me to look elsewhere.

[vtsnowedin]

The markets all took a nosedive today and tomorrow doesn't look much better. I'm not going to panic and sell anything as what I have will win out in the end (or at least I think it will) . What I will do is hold off on planned purchases until it bottoms out and starts back up. A bit of bottom fishing as it were. No need to buy a stock today that might be had in a week or two for twenty percent less.

[evilgenius]

$this->bbcode_second_pass_quote('vtsnowedin', 'T')he markets all took a nosedive today and tomorrow doesn't look much better. I'm not going to panic and sell anything as what I have will win out in the end (or at least I think it will) . What I will do is hold off on planned purchases until it bottoms out and starts back up. A bit of bottom fishing as it were. No need to buy a stock today that might be had in a week or two for twenty percent less.

[vtsnowedin]

I don't need or expect to hit the exact bottom. I'll just leave this months cash on the side or maybe even next months until we get a day or two of rising markets. It might go back to a downward trend the next day or so but I will have bought whichever stock or stocks I buy for less then I could have bought them for last week.
Take a look at Nextera energy, com (NEE).

[evilgenius]

$this->bbcode_second_pass_quote('vtsnowedin', 'I') don't need or expect to hit the exact bottom. I'll just leave this months cash on the side or maybe even next months until we get a day or two of rising markets. It might go back to a downward trend the next day or so but I will have bought whichever stock or stocks I buy for less then I could have bought them for last week.
Take a look at Nextera energy, com (NEE).

[vtsnowedin]

Investing 101 for sure. As long as you see the five and ten year prospects for a company as being equal to the market or better any short term dip in price is just an opportunity to buy more shares and lower your average initial cost per share. I don't know how that works out when it comes time to pay capital gains tax but I'm sure one of my children will have an accountant that is up on that.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('evilgenius', '')$this->bbcode_second_pass_quote('vtsnowedin', 'I') don't need or expect to hit the exact bottom. I'll just leave this months cash on the side or maybe even next months until we get a day or two of rising markets. It might go back to a downward trend the next day or so but I will have bought whichever stock or stocks I buy for less then I could have bought them for last week.
Take a look at Nextera energy, com (NEE).

[vtsnowedin]

That is commonly heard advise and I will not dispute it for the average investor trying to build a portfolio intended as retirement assets.
I on the other hand am already retired and have my income streams coming in from social security and a fixed payout retirement fund managed by others.
All I'm risking here is some of my beer money.
Fedelity says my account resembles their "most aggressive" category which I find amusing.
I'm looking to buy a few cases worth of beer value of a stock each month to diversify what I have in hand looking for long term companies paying a good dividend with at least one each from each major market sector.
That leaves out all the IPOs and high tech wonder kids and anything with a P/E of over 30. So if I am aggressive now I will becoming less so over time.
I might turn a good profit and if I just bought beer with the money all I would have in the end would be a pile of empty cans to take back to the recycling center.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', 'T')hat is commonly heard advise and I will not dispute it for the average investor trying to build a portfolio intended as retirement assets.
I on the other hand am already retired and have my income streams coming in from social security and a fixed payout retirement fund managed by others.
All I'm risking here is some of my beer money.
Fedelity says my account resembles their "most aggressive" category which I find amusing.
I'm looking to buy a few cases worth of beer value of a stock each month to diversify what I have in hand looking for long term companies paying a good dividend with at least one each from each major market sector.
That leaves out all the IPOs and high tech wonder kids and anything with a P/E of over 30. So if I am aggressive now I will becoming less so over time.
I might turn a good profit and if I just bought beer with the money all I would have in the end would be a pile of empty cans to take back to the recycling center.

[vtsnowedin]

In my younger foolish years I learned a few lessons at the school of experience. One of the lessons was called Palm.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('vtsnowedin', 'I')n my younger foolish years I learned a few lessons at the school of experience. One of the lessons was called Palm.

[vtsnowedin]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('vtsnowedin', 'I')n my younger foolish years I learned a few lessons at the school of experience. One of the lessons was called Palm.