Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. amerikajinda

    amerikajinda Senior member

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    I feel like I just got punched in the stomach. Down 11 g's today so far... fml :foo:

    [​IMG]
     
  2. GreenFrog

    GreenFrog Senior member

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    holy fuck, that blows man.

    sorry to hear.
     
  3. amerikajinda

    amerikajinda Senior member

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    Thank you! Unrealized of course so I'm not too worried... Buying opportunity!
     
  4. Cantabrigian

    Cantabrigian Senior member

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    If they thought that, they'd do the exact opposite.
     
  5. lawyerdad

    lawyerdad Senior member

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    Good advice.
    :)
     
  6. SkinnyGoomba

    SkinnyGoomba Senior member

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    I may be proving myself to be an idiot, but my understanding is that many forms of debt in emerging markets are issues in American dollars or Euros and that when the dollar strengthens (overall or by comparison) the effect is that it's more expensive to service that debt in local currency.

    I dont claim to be an expert on the topic, but it's been a problem every so often, so I've tried to form a basic understanding of it.
     
    Last edited: Jan 24, 2014
  7. SkinnyGoomba

    SkinnyGoomba Senior member

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    Look on the bright side, there is plenty more blood to bleed.
     
  8. GreenFrog

    GreenFrog Senior member

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    You can say that again..
     
  9. amerikajinda

    amerikajinda Senior member

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    Oh the carnage! Every single thing I own is in the red today -- except for BSV.

    [​IMG]
    [​IMG]

    The bull has lost its swagger!!!
     
    Last edited: Jan 24, 2014
  10. GreenFrog

    GreenFrog Senior member

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    I'm not panicking.

    Even for my new positions, the drops aren't significant enough to me to warrant any averaging down, now that I think about it.

    Keep calm gents!

    I might actually buy more AAPL for a short term trade after earnings on Monday.

    And lol at speculation of Yellen potentially cutting back on tapering.. or even increasing bond buying.
     
    Last edited: Jan 24, 2014
  11. SkinnyGoomba

    SkinnyGoomba Senior member

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    Days like this I like to remind myself of my goal and that cheaper stock prices get me there faster. That being said I still hate seeing the red.
     
  12. pfurey

    pfurey Senior member

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    What do you guys think about Wealthfront.com? Seems like a cool startup, thinking of switching my SEP over from boring ass Merryl Lynch.
     
  13. SkinnyGoomba

    SkinnyGoomba Senior member

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    I like vanguard, $2 trades at my current level and many funds with a low cost.
     
  14. jbarwick

    jbarwick Senior member

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    Not a huge fan of fees either so I am at Vanguard. Low cost investing where you buy and hold is usually boring. Since I have wide diversification it isn't very fun to talk about but the guys here holding ~20 stocks and seeing huge down days affect their portfolio more is entertaining. My bond holdings offset the equity down day yesterday in my 401(k) :)
     
  15. Cantabrigian

    Cantabrigian Senior member

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    I agree 100% with everything you wrote there.

    I was just narrowly disagreeing with what you identified as the reason they took on foreign / hard currency debts.


    It's exactly the opposite. People in developing countries take out loans in USD or EUR or whatever in boom times because their local currencies are appreciating and because USD or EUR or whatever rates are a lot lower than their local rates.

    It's not that they don't trust their own currency, they trust it too much.

    So everyone in Hungary who has a mortgage denominated in Swiss Francs (and they are legion) took that out back when the HUF was en fuego and the CHF wasn't because they had such low interest rates.


    I'd also suggest that there's a whole lot less of that this time around. That was a horrible problem in 2008 (and in many episodes before that) but this time (2009 - now) you didn't have a massive buildup in foreign denominated debt in EM countries. It's more a case of US and EU and whatnot based investors piling into developing countries in search of non-ZIRPy yields and now (possibly) looking to GTFO.

    At any rate, we reach the same conclusion about the likely performance of non G2 currencies.
     
    Last edited: Jan 24, 2014

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