- Banned
- #1
I was thinking of posting this in the "General Markets Talk" thread, but then I saw an individual posting in a wanky manner, using all sorts of stock market verbiage to make himself seem important (the same poster who is reviled on his own footy club board for being a deluded w***er). So, on that basis, you'll just have to put up with me posting my thoughts in a separate thread, because I'd rather not have my opinions associated with said w***er.
So ..... I read all these articles with all of these so-called stock market experts cautioning against the "herd mentality" when it comes to selling all your stocks given the panic (unjustified IMO, but my personal opinion counts for naught when it comes to public sentiment) surrounding COVID-19. They advise that selling all of your stocks will lump you in with the "herd". Now, given that all these "experts" are advising AGAINST selling all of your stocks, wouldn't that make all of these so-called "experts" who advocate holding on to your stocks part of the "herd"? I mean, I have almost literally NOT read a single "expert" advocating that you sell ALL of your stock given the current market uncertainty. Seriously, WHERE ARE THEY?! (if for nothing else, than for some diversity of opinion). So, if you hold on to your stocks, are you not part of the "herd"? Something to think about.
I mean, if you had listened to all of these "experts", your net worth would have already decreased by a not-so-insignificant percentage. Yeah, yeah, yeah, I know, given enough time the stock market will adjust back to (or higher than) current levels. But this is just so ******* stupid. If you KNOW that the market is going to tank (in the short term, at least) with the uncertainty surrounding COVID-19, wouldn't you be better off backing out and putting that money elsewhere, like a guaranteed fixed percentage return, before re-investing when the stock market is on the uptick? How long are you prepared to wait to recoup your losses? 1, 2, 5, 10, 15 years? YES, of course, given enough time, it will return to its current average. But, if you can avoid it, why bother? Seriously, it's so stupid. * all these "experts", man. "Take a loss now, you'll make it back eventually." LOL!
Oh, I know, but you are all short-term fortune tellers, able to predict the future (like this wanky poster in the GMT thread bragging about how cool he is in the current market) who is able to profit even in a bear market. If that is the case, go for your life!
Disclaimer 1: Yes, my net worth did take a very slight hit. But not to the extent of the "herd" who listened to all of these stupid "experts" telling them to do nothing. Sucks to be you. But it's not too late to back out now.
Disclaimer 2: This could be the very FIRST commentary advising you to BACK OUT of the stock marketer before it gets worse. Who's part of the "herd" now? Think it about it!
Disclaimer 3: Do not take financial advice from a poster on an internet footy forum.
So ..... I read all these articles with all of these so-called stock market experts cautioning against the "herd mentality" when it comes to selling all your stocks given the panic (unjustified IMO, but my personal opinion counts for naught when it comes to public sentiment) surrounding COVID-19. They advise that selling all of your stocks will lump you in with the "herd". Now, given that all these "experts" are advising AGAINST selling all of your stocks, wouldn't that make all of these so-called "experts" who advocate holding on to your stocks part of the "herd"? I mean, I have almost literally NOT read a single "expert" advocating that you sell ALL of your stock given the current market uncertainty. Seriously, WHERE ARE THEY?! (if for nothing else, than for some diversity of opinion). So, if you hold on to your stocks, are you not part of the "herd"? Something to think about.
I mean, if you had listened to all of these "experts", your net worth would have already decreased by a not-so-insignificant percentage. Yeah, yeah, yeah, I know, given enough time the stock market will adjust back to (or higher than) current levels. But this is just so ******* stupid. If you KNOW that the market is going to tank (in the short term, at least) with the uncertainty surrounding COVID-19, wouldn't you be better off backing out and putting that money elsewhere, like a guaranteed fixed percentage return, before re-investing when the stock market is on the uptick? How long are you prepared to wait to recoup your losses? 1, 2, 5, 10, 15 years? YES, of course, given enough time, it will return to its current average. But, if you can avoid it, why bother? Seriously, it's so stupid. * all these "experts", man. "Take a loss now, you'll make it back eventually." LOL!
Oh, I know, but you are all short-term fortune tellers, able to predict the future (like this wanky poster in the GMT thread bragging about how cool he is in the current market) who is able to profit even in a bear market. If that is the case, go for your life!
Disclaimer 1: Yes, my net worth did take a very slight hit. But not to the extent of the "herd" who listened to all of these stupid "experts" telling them to do nothing. Sucks to be you. But it's not too late to back out now.
Disclaimer 2: This could be the very FIRST commentary advising you to BACK OUT of the stock marketer before it gets worse. Who's part of the "herd" now? Think it about it!
Disclaimer 3: Do not take financial advice from a poster on an internet footy forum.
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