Henry Rifle Forums

The stock market sure has been on a rollercoaster. The GameStop short squeeze sure didn’t make any sense and now the Dow is at a record high despite the P/E ratio of most stocks.

Speculation is driving the market and not earnings. I think there is a little bit more room for the markets to rise but eventually the dividends won’t justify the high prices and a crash will follow.

But what do I know I’m just an average guy.

There are some other issues that will also effect it. There coming soon. I think some crow will be served in the coming months

I expect a severe downturn in the future but we are in for the long term, so hang in there.
This too shall pass.
You only lose if you have to sell.

cooperhawk wrote: ↑

Fri Feb 05, 2021 1:58 pm

I expect a severe downturn in the future but we are in for the long term, so hang in there.
This too shall pass.
You only lose if you have to sell.

I redeemed about a third of my holdings early in January expecting a downturn. If I’m wrong that’s even better because it means I’ve made more money. My IRA has gained 141% from 2017 to 2021. Not bad for a mutual fund.

It’s time I cashed in and enjoyed the fruits of my labor.

Sir Henry wrote: ↑

Fri Feb 05, 2021 3:27 pm

I redeemed about a third of my holdings early in January expecting a downturn. If I’m wrong that’s even better because it means I’ve made more money. My IRA has gained 141% from 2017 to 2021. Not bad for a mutual fund.

It’s time I cashed in and enjoyed the fruits of my labor.

JUST CURIOUS: What exactly was this mutual fund? ...and yes, I fully understand that past performance is not an indication of future performance!

If you redeemed a third of your holdings, Uncle Sam is going to have a big smile on his face when he gets your withholdings on that amount.

If you think its costing alot now just wait about 6 months or so.

Koyote wrote: ↑

Wed Feb 10, 2021 9:33 am

Sir Henry wrote: ↑

Fri Feb 05, 2021 3:27 pm

I redeemed about a third of my holdings early in January expecting a downturn. If I’m wrong that’s even better because it means I’ve made more money. My IRA has gained 141% from 2017 to 2021. Not bad for a mutual fund.

It’s time I cashed in and enjoyed the fruits of my labor.

JUST CURIOUS: What exactly was this mutual fund? ...and yes, I fully understand that past performance is not an indication of future performance!

TWCIX.

GeoBoy wrote: ↑

Wed Feb 10, 2021 10:02 am

If you redeemed a third of your holdings, Uncle Sam is going to have a big smile on his face when he gets your withholdings on that amount.

See my post in the 2020 Tax thread.