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> We will see an adjustment by the middle of 2021 at the latest. I love people who claim they know what the market's going to do, and continuously call for a c

> We will see an adjustment by the middle of 2021 at the latest. I love people who claim they know what the market's going to do, and continuously call for a crash. These are the same people who have been calling for a crash for the last three years. Here's the deal, sure we eventually have corrections, but if you have cash on the sidelines then you just buy more and lower your dollar cost average. I did this pretty aggressively in March / April in peak market overreaction. Just look at Apple and Amazon stock. Everybody was saying they were way overvalued and not to buy. What happens? Both of them absolutely crush earnings, and Apple the largest company in the world pops 10% in a single day on Friday.

kp98 6y ago
You realize that this strategy isn't going to work indefinitely? People like you will be blown out in the future. Sorry if that sounds awful, but it always astounds me how people think investment managers are tantamount to tea leaf readers, and that they've figured it out by simple dollar cost averaging. I just don't understand the mindset
- adaisadais 6y ago
  Clearly it won’t work in the long term. No one knows what the market might do tomorrow. We might think we know but no one can ever truly know (legally speaking). What I’m advocating for is mainly based on the timing: the market corrects, on average, every 8-12 years. Right now, many Robinhood investors (like you probably are) are extremely bullish and are inflating the market. When the bubble pops I will see you at the bottom. And I damn well hope I am wrong. Buckle up.
  - nodesocket 6y ago
    > People like you will be blown out in the future. > Right now, many Robinhood investors (like you probably are) First off, I am not a robinhood investor. I've been in the market since 2002, with a significant amount of capital invested now, weathered 2008 and this years Covid action and seen many bear markets. I find the fractional Robinhood "traders" comical and a train wreck waiting to happen. Buying Hertz, Kodak, Nikola.... That ain't me, so don't make assumptions. I have cash on hand, I have large percentage in J.P. Morgan ($JPST) a bond traded ETF which pays a monthly dividend and has a 8% return the last 3 years.
adaisadais 6y ago
That’s two companies. Granted, they collect a larger proportion of revenues than many others within the NYSE. The market overall is not healthy. As long term unemployment continues more and more people will hang on to their iPhones or cancel their amazon prime. Those two companies, as well as Google, will be relatively protected during this period. The rest of the market hasn’t been truly exposed to the macroeconomic effects that COVID-19 will bring us in this country.

kp98 6y ago

You realize that this strategy isn't going to work indefinitely? People like you will be blown out in the future. Sorry if that sounds awful, but it always astounds me how people think investment managers are tantamount to tea leaf readers, and that they've figured it out by simple dollar cost averaging. I just don't understand the mindset

adaisadais 6y ago
Clearly it won’t work in the long term. No one knows what the market might do tomorrow. We might think we know but no one can ever truly know (legally speaking). What I’m advocating for is mainly based on the timing: the market corrects, on average, every 8-12 years. Right now, many Robinhood investors (like you probably are) are extremely bullish and are inflating the market. When the bubble pops I will see you at the bottom. And I damn well hope I am wrong. Buckle up.
- nodesocket 6y ago
  > People like you will be blown out in the future. > Right now, many Robinhood investors (like you probably are) First off, I am not a robinhood investor. I've been in the market since 2002, with a significant amount of capital invested now, weathered 2008 and this years Covid action and seen many bear markets. I find the fractional Robinhood "traders" comical and a train wreck waiting to happen. Buying Hertz, Kodak, Nikola.... That ain't me, so don't make assumptions. I have cash on hand, I have large percentage in J.P. Morgan ($JPST) a bond traded ETF which pays a monthly dividend and has a 8% return the last 3 years.

adaisadais 6y ago

That’s two companies. Granted, they collect a larger proportion of revenues than many others within the NYSE. The market overall is not healthy. As long term unemployment continues more and more people will hang on to their iPhones or cancel their amazon prime. Those two companies, as well as Google, will be relatively protected during this period. The rest of the market hasn’t been truly exposed to the macroeconomic effects that COVID-19 will bring us in this country.