afransen
Senior Member
Anyone else watching the madhouse and thinking we must be approaching a top?
A temporary top, sure.Anyone else watching the madhouse and thinking we must be approaching a top?
I'm living 19 going on 40....pretty funny is right. No need for Hollywood though.. I'll celebrate by watching 13 Going On 30 (dare I say re-watching lol). It's pretty funny.
Me too, but I wouldn't mind adding to long term positions if the market sells off again. Didn't buy as much as I would have liked in March.A temporary top, sure.
I don't watch that though....passive long-term is where the money is.
Me too, but I wouldn't mind adding to long term positions if the market sells off again. Didn't buy as much as I would have liked in March.
Aaah, yes, true.
I throw money at it every two weeks and don't bother trying to time anything, but that would be a good idea.
It's defo going to be corrected, especially US markets that are overinflated based on technophilia mostly.
How long can it last though and is it gearing up for a sudden correction?
Yeah, that's where it's an obvious joke.The P/E ratios are off-the-charts nuts on the whole........
Cash is a loss of money.....unless you're spending it in which case, cash only!I'm still in the market but I'm heading more to cash.
That's why long-term passive investing is the only investing worth anyone's time....you needn't worry about short-term absurdities and acute market hysteria.There's a point of absurdity here.
I also have automatic purchases. Was looking to do some leveraged investing, but it took rather longer to wrangle my HELOC in March/April what with the plague and all, so I could only make purchases with cash holdings. But the HELOC is waiting patiently.
I think even touching a HELOC is a bad idea, but your point about countertops is beyond brilliant.I don't have much of a mortgage. If you think borrowing against your house to invest is inherently risky you should think more about that. It's no riskier than the others stocks I have and having a bigger mortgage. Or taking out a HELOC and buying granite countertops and a new car like a normal person.
I thought you owned a business?Paying for investments with debt is just a bad idea in general. I only ever use my rent money on the blackjack tables.
Not quite....I just manage parts of one/have a vested interest in said business. Currently unemployed though with no income so so much good that does me!I thought you owned a business?
Yes, unless one has the cash to back up the debt.Do you think getting a mortgage on an investment property is a bad idea?