Coronavirus vs Investing

[ExtraSlow]

Five years ago, I told people that I was five years from retirement. That's wasn't exactly numerically accurate, but kinda sort directionally accurate. Now, I'm ten away minimum, and only if those ten are a sick boom like the early 2000's. Otherwise, 30.

[The_Rural_Juror]

.

[jwslam]

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When is VGRO supposed to go up? I bought 1 share a few months ago when everybody was talking about it, and I'm no closer to retirement now than I was before I bought it.

People in the long term thread got upset at me when I asked about VGRO pricing...
https://forums.beyond.ca/threads/255...53#post4847053

Thanks to the advice from here I got in at 27.40 in Feb
Thanks to my own advice I got out at 24.32

Eyeing it a bit but not sure if I'm ready to get back in.

[ExtraSlow]

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People in the long term thread got upset at me when I asked about VGRO pricing...
https://forums.beyond.ca/threads/255...53#post4847053

Thanks to the advice from here I got in at 27.40 in Feb
Thanks to my own advice I got out at 24.32

Eyeing it a bit but not sure if I'm ready to get back in.

I mean, if you sold out to stay in cash, sure, but if you sold out for an alternative stock or ETF.....

My comment still stands:

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Trying to time the market with an diversified EFT is absolutely insane.

[SKR]

I only bought 1 so I'm only down a few dollars, but I'm ready for it to skyrocket any day now.

[msommers]

The best part about hindsight investing is I'm always right.

Same with being a real estate guru and timing the market, like come on.

It's so obvious. Only idiots lose money.

[The_Rural_Juror]

Solution is simple: Try to time the market with undiversified ETFs.

[ExtraSlow]

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Solution is simple: Try to time the market with undiversified ETFs.

HOD/HOU baby!

[The_Rural_Juror]

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HOD/HOU baby!

It only works if you buy both of them at the same time.

[ExtraSlow]

On a serious note, you sorta have to time the market with leveraged single-commodity products. And you sorta cannot (I still say) with diversified products.

[The_Rural_Juror]

OPEC meeting delayed @Xtrema
https://www.investing.com/news/commo...llapse-2131233

[The_Rural_Juror]

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On a serious note, you sorta have to time the market with leveraged single-commodity products. And you sorta cannot (I still say) with diversified products.

(serious face)

Leverage vs Non-Leverage is mostly about amplification and risk control. Also greed.
Single commodity is like James Neal. Good for PP tap-ins but can't play defense or give a crap.
Diversified is like Patrice Bergeron. Good in all areas, but doesn't mean that he can't out-score The Tenderness.
No funds are truly diversified they all lean. For instance, I once postulated that my ferrety butt hairs were a diversified blonde, but was proven wrong upon closer inspecting with an endoscope.
We did the experiment again this morning to prove repeatability and I accidentally flinched. Now @The Cosworth has to go to the optometrist.

[Xtrema]

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OPEC meeting delayed @Xtrema
https://www.investing.com/news/commo...llapse-2131233

Let me get on the phone with Putin.

[ExtraSlow]

Delaying the meeting is probably "better" than having a meeting and reaching no agreement. Most of the negotiating happens before the physical meeting anyway.
I said it before, and I'll say it again, OPEC+Russia would be insane to drop production. Much better to let the USA shale industry go bankrupt, which will happen very nicely over the next 60-90 days.

[The_Rural_Juror]

15 ferret dayz.

[riander5]

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Delaying the meeting is probably "better" than having a meeting and reaching no agreement. Most of the negotiating happens before the physical meeting anyway.
I said it before, and I'll say it again, OPEC+Russia would be insane to drop production. Much better to let the USA shale industry go bankrupt, which will happen very nicely over the next 60-90 days.

Whiting petroleum already down!

The thing is... as companies go bankrupt, oil will continue to flow, and the companies will re-emerge as less levered versions of themselves. Im sure some production will be lost but we arent going to cut 40% of US shale petroleum or anything

[ExtraSlow]

What you need to cut is drilling. Decline takes care of the rest.

[The_Rural_Juror]

Demand leads the way here. What you need to cut are people...wait.

[SKR]

We need to force people to buy oil. Cutting drilling means I have to cut back on my own careless spending, and that isn't in my program at all.

[Tik-Tok]

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We need to force people to buy oil. Cutting drilling means I have to cut back on my own careless spending, and that isn't in my program at all.

I've heard a barrel of oil is the cure to COVID! Big pharma doesn't want you to know!