U.S. stocks continue to soar!

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flyingcows
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Re: U.S. stocks continue to soar!

Post by flyingcows »

Another day, another 1% gain in QQQ
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TechGuy365
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Re: U.S. stocks continue to soar!

Post by TechGuy365 »

flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
Your username checks out. Thanks :D
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

lostdog wrote: Wed Aug 26, 2020 9:40 am :moneybag

you guys/gals with QQQ must be :D
Hit it!
We'd like to dedicate this to all the QQQ gals in the entire world
And all the QQQ guys, the fellas, who knew better
Hey DJ just play that song!

First QQQ gal go around the outside
Round the outside, round the outside (You know it)...
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
Now don't be selling us short there. At this exact minute QQQ is +1.46% on the day. :D
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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
FNGU is up 7.37% at the moment. :shock:
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

CurlyDave wrote: Wed Aug 26, 2020 10:44 am
flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
Now don't be selling us short there. At this exact minute QQQ is +1.46% on the day. :D
<shaking head> Made 2 buys of QQQ the past 2 days. For grins I put in a limit sell @ $290 thinking this will never trigger. WRONG! Unbelievable :oops: . At least I have the :moneybag :moneybag :moneybag to comfort me.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

willthrill81 wrote: Wed Aug 26, 2020 10:48 am
flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
FNGU is up 7.37% at the moment. :shock:
Well, inquiring minds want to know. What % of your portfolio is FNGU?

I have a pretty decent chunk of QQQ but my old heart is just not able to take the "excitement" of FNGU.

Several decades ago, I read an article in Barron's that advised: "Concentration generates wealth, diversification preserves wealth." Not exactly the Boglehead philosophy, but it has been true in my portfolio.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Robot Monster wrote: Wed Aug 26, 2020 10:43 am
lostdog wrote: Wed Aug 26, 2020 9:40 am :moneybag

you guys/gals with QQQ must be :D
Hit it!
We'd like to dedicate this to all the QQQ gals in the entire world
And all the QQQ guys, the fellas, who knew better
Hey DJ just play that song!

First QQQ gal go around the outside
Round the outside, round the outside (You know it)...
ah yes, I remember that song in college. :D
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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

CurlyDave wrote: Wed Aug 26, 2020 10:59 am
willthrill81 wrote: Wed Aug 26, 2020 10:48 am
flyingcows wrote: Wed Aug 26, 2020 10:28 am Another day, another 1% gain in QQQ
FNGU is up 7.37% at the moment. :shock:
Well, inquiring minds want to know. What % of your portfolio is FNGU?

I have a pretty decent chunk of QQQ but my old heart is just not able to take the "excitement" of FNGU.

Several decades ago, I read an article in Barron's that advised: "Concentration generates wealth, diversification preserves wealth." Not exactly the Boglehead philosophy, but it has been true in my portfolio.
Only about 3% of my portfolio is in FNGU. It's part of a strategy similar to 'Hedgefundie's excellent adventure', and the whole 'adventure' is currently only about 6% of my portfolio. I'm up more than 50% since July of 2019.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

willthrill81 wrote: Wed Aug 26, 2020 11:05 am
...Only about 3% of my portfolio is in FNGU. It's part of a strategy similar to 'Hedgefundie's excellent adventure', and the whole 'adventure' is currently only about 6% of my portfolio. I'm up more than 50% since July of 2019.
Good job.
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Small position in Netflix up 10% today just because...
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mrspock
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Re: U.S. stocks continue to soar!

Post by mrspock »

This market just keeps on surprising. I'm kinda steeling myself for a bit of a 3-5% correction though, as history shows us that runs like this usually have some pullbacks along the way.

Until then though, this is just fun to watch. My retirement spreadsheet is looking embarrassingly conservative in its projections right now. I was pretty happy with the market sitting at the February highs of 3380, and now we've just blown right by that nearing 3480. I'm also noticing that compounding is getting pretty serious now, I remember what 1% days used to look like a few years ago, and now they are much bigger.

Good times.
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

mrspock wrote: Wed Aug 26, 2020 12:31 pmI'm also noticing that compounding is getting pretty serious now, I remember what 1% days used to look like a few years ago, and now they are much bigger.
My wife has been cleaning out our house (in preparation for down-sizing), and she gets pretty excited every time she sells some knick-knack on Facebook Marketplace for $10.

I almost hate to even tell her what we made in the market on a 1% day doing nothing. :)
A Goldman Sachs associate provided a variety of detailed explanations, but then offered a caveat, “If I’m being dead-### honest, though, nobody knows what’s really going on.”
dvvader
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Re: U.S. stocks continue to soar!

Post by dvvader »

Weeeee!!!! :moneybag :moneybag :moneybag
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Please remind me this isn't 1999 again?
jay22
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Re: U.S. stocks continue to soar!

Post by jay22 »

lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
It most certainly is not.
A_Bond
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Re: U.S. stocks continue to soar!

Post by A_Bond »

I believe it, but I keep on having to pinch myself... S&P 500 at 3500 is actually in sight!
buy. hold. repeat.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

A_Bond wrote: Wed Aug 26, 2020 1:23 pm I believe it, but I keep on having to pinch myself... S&P 500 at 3500 is actually in sight!
Back in March I would have never thought this would be the case.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

jay22 wrote: Wed Aug 26, 2020 1:19 pm
lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
It most certainly is not.
I'm waiting for Robot Monster to reference the Prince 1999 song... :P
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Doom&Gloom
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Re: U.S. stocks continue to soar!

Post by Doom&Gloom »

lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
This time is different.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

A_Bond wrote: Wed Aug 26, 2020 1:23 pm I believe it, but I keep on having to pinch myself... S&P 500 at 3500 is actually in sight!
Both S&P and Nasdaq are doing a slow, steady, day-long melt up.

Yes, 3500 is in sight.
It's a GREAT day to be alive - Travis Tritt
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

lostdog wrote: Wed Aug 26, 2020 1:27 pm
jay22 wrote: Wed Aug 26, 2020 1:19 pm
lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
It most certainly is not.
I'm waiting for Robot Monster to reference the Prince 1999 song... :P
Awe, see, didn't even need to...was already priced in.
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
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whodidntante
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Re: U.S. stocks continue to soar!

Post by whodidntante »

Buy stocks, and watch them go up. This game is easy! :wink:
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Steve Reading
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Re: U.S. stocks continue to soar!

Post by Steve Reading »

lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
(By my crude estimates) The equity risk premium was around 2% back in 2000, well below historical averages. Nowadays, it is 6-7%, comfortably above historical averages.

Take whatever conclusion you'd like from that.
"... so high a present discounted value of wealth, it is only prudent for him to put more into common stocks compared to his present tangible wealth, borrowing if necessary" - Paul Samuelson
jay22
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Re: U.S. stocks continue to soar!

Post by jay22 »

Doom&Gloom wrote: Wed Aug 26, 2020 1:27 pm
lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
This time is different.
If you compare the tech companies in 2000 with the ones we have right now, yes it is different. :D
RayKeynes
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Re: U.S. stocks continue to soar!

Post by RayKeynes »

I guess welcome back to 1999. Lets ride that Rollercoaster
flyingcows
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Re: U.S. stocks continue to soar!

Post by flyingcows »

I wonder if we will see Nasdaq 100 reach 14000 this year

I’m going to do my part by purchaing a “stonks” T shirt
gabbar
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Re: U.S. stocks continue to soar!

Post by gabbar »

This has been a bittersweet rally. On the one hand, I am running with a 50% US, 40% intl, 10% bond portfolio. On the other hand, I wish I had more money riding in US tech.
TaxingAccount
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Re: U.S. stocks continue to soar!

Post by TaxingAccount »

Is it too late to get in? Thank you.
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

TaxingAccount wrote: Wed Aug 26, 2020 2:58 pm Is it too late to get in? Thank you.
Like 5 months to late. :moneybag
Hyperchicken
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Re: U.S. stocks continue to soar!

Post by Hyperchicken »

TaxingAccount wrote: Wed Aug 26, 2020 2:58 pm Is it too late to get in? Thank you.
Yes, it is too late now, the market is closed.

Tomorrow morning would be a good time.
minimalistmarc
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Re: U.S. stocks continue to soar!

Post by minimalistmarc »

TaxingAccount wrote: Wed Aug 26, 2020 2:58 pm Is it too late to get in? Thank you.
“The best time to plant a tree was 20 years ago. The second best time is now.”
marcopolo
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Re: U.S. stocks continue to soar!

Post by marcopolo »

RayKeynes wrote: Wed Aug 26, 2020 2:14 pm I guess welcome back to 1999. Lets ride that Rollercoaster
You seem a little bitter that all of your doom and gloom prediction from back in the spring did not materialize.
Once in a while you get shown the light, in the strangest of places if you look at it right.
minimalistmarc
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Re: U.S. stocks continue to soar!

Post by minimalistmarc »

marcopolo wrote: Wed Aug 26, 2020 3:10 pm
RayKeynes wrote: Wed Aug 26, 2020 2:14 pm I guess welcome back to 1999. Lets ride that Rollercoaster
You seem a little bitter that all of your doom and gloom prediction from back in the spring did not materialize.
It’s okay. Apparently he changed his mind at the perfect time and went long with leverage.

Very untrustworthy character. Hope nobody listened to his BS when there was fear in March. Kept on posting like he was calmly awaiting much lower prices while sat in cash, but then claimed to have leveraged up.
tiburblium
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Re: U.S. stocks continue to soar!

Post by tiburblium »

Every weekend I'm thinking to myself that I should sell my QQQ position and buy Total US Market, then usually by mid-week I'm thankful I was too lazy to go swap funds
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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

jay22 wrote: Wed Aug 26, 2020 1:52 pm
Doom&Gloom wrote: Wed Aug 26, 2020 1:27 pm
lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
This time is different.
If you compare the tech companies in 2000 with the ones we have right now, yes it is different. :D
The difference is that companies today are actually making real money instead of making commercials with sock puppets.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
Independent George
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Re: U.S. stocks continue to soar!

Post by Independent George »

Ok, what the heck just happened today? Not that I'm complaining, mind you, but... what the heck happened today?
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Independent George wrote: Wed Aug 26, 2020 3:25 pm Ok, what the heck just happened today? Not that I'm complaining, mind you, but... what the heck happened today?
Salesforce.com blew out earnings and jumped 25%. I think the tech rally was a product of that - another confirmation that the tech revolution is accelerating. All my FAANGs from me pre-Bogle days were up. Netflix up 11%, FB up nearly 9%.
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Cheez-It Guy
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Post by Cheez-It Guy »

Zoom! This is silly.
jay22
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Re: U.S. stocks continue to soar!

Post by jay22 »

willthrill81 wrote: Wed Aug 26, 2020 3:19 pm
jay22 wrote: Wed Aug 26, 2020 1:52 pm
Doom&Gloom wrote: Wed Aug 26, 2020 1:27 pm
lostdog wrote: Wed Aug 26, 2020 1:18 pm Please remind me this isn't 1999 again?
This time is different.
If you compare the tech companies in 2000 with the ones we have right now, yes it is different. :D
The difference is that companies today are actually making real money instead of making commercials with sock puppets.
Indeed. Just their cash in hand is insane. Laughable to compare it with tech companies in 2000.
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dogagility
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Re: U.S. stocks continue to soar!

Post by dogagility »

Just surpassed our projected portfolio value for the year and still have 4 months of contributions to make. woo-hoo!
All children spill milk. Learn to smile and wipe it up. -- A Farmer's Wife
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dogagility
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Re: U.S. stocks continue to soar!

Post by dogagility »

TaxingAccount wrote: Wed Aug 26, 2020 2:58 pm Is it too late to get in? Thank you.
Today's door has closed but the door to tomorrow's investing oyster is wide open. :mrgreen:
All children spill milk. Learn to smile and wipe it up. -- A Farmer's Wife
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McGilicutty
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Re: U.S. stocks continue to soar!

Post by McGilicutty »

atdharris wrote: Wed Aug 26, 2020 3:29 pm
Independent George wrote: Wed Aug 26, 2020 3:25 pm Ok, what the heck just happened today? Not that I'm complaining, mind you, but... what the heck happened today?
Salesforce.com blew out earnings and jumped 25%. I think the tech rally was a product of that - another confirmation that the tech revolution is accelerating. All my FAANGs from me pre-Bogle days were up. Netflix up 11%, FB up nearly 9%.
Wow! Nicely done. Who was that guy who said 'buy what you know.'? Peter Schiff?

Anyhoo, it's amazing that there really is no secret to this market. Buying the biggest, most well-known companies has worked what seems like forever.
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Stef
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Re: U.S. stocks continue to soar!

Post by Stef »

Sometimes I feel stupid for not owning just QQQ instead of VTI because it seems so obvious.
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Cheez-It Guy
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Re: U.S. stocks continue to soar!

Post by Cheez-It Guy »

McGilicutty wrote: Wed Aug 26, 2020 3:56 pm
atdharris wrote: Wed Aug 26, 2020 3:29 pm
Independent George wrote: Wed Aug 26, 2020 3:25 pm Ok, what the heck just happened today? Not that I'm complaining, mind you, but... what the heck happened today?
Salesforce.com blew out earnings and jumped 25%. I think the tech rally was a product of that - another confirmation that the tech revolution is accelerating. All my FAANGs from me pre-Bogle days were up. Netflix up 11%, FB up nearly 9%.
Wow! Nicely done. Who was that guy who said 'buy what you know.'? Peter Schiff?

Anyhoo, it's amazing that there really is no secret to this market. Buying the biggest, most well-known companies has worked what seems like forever.
Yeah, like Exxon.
sailaway
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Re: U.S. stocks continue to soar!

Post by sailaway »

Cheez-It Guy wrote: Wed Aug 26, 2020 4:01 pm
McGilicutty wrote: Wed Aug 26, 2020 3:56 pm
atdharris wrote: Wed Aug 26, 2020 3:29 pm
Independent George wrote: Wed Aug 26, 2020 3:25 pm Ok, what the heck just happened today? Not that I'm complaining, mind you, but... what the heck happened today?
Salesforce.com blew out earnings and jumped 25%. I think the tech rally was a product of that - another confirmation that the tech revolution is accelerating. All my FAANGs from me pre-Bogle days were up. Netflix up 11%, FB up nearly 9%.
Wow! Nicely done. Who was that guy who said 'buy what you know.'? Peter Schiff?

Anyhoo, it's amazing that there really is no secret to this market. Buying the biggest, most well-known companies has worked what seems like forever.
Yeah, like Exxon.
GE
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jason2459
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Post by jason2459 »

That's the benefit of the index fund. I don't have to keep track of who's hot and who's not. It swipes left for me. :mrgreen:
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Cheez-It Guy
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Re: U.S. stocks continue to soar!

Post by Cheez-It Guy »

Stef wrote: Wed Aug 26, 2020 3:57 pm Sometimes I feel stupid for not owning just QQQ instead of VTI because it seems so obvious.
I'm not falling for it. It's a trick. Buying QQQ now is a guarantee that area of the market will tank. VTI still enjoys the growth, just not as much growth. When things one day rebalance, I'll have the new outperforming sector.

Oops, I meant VTSAX.
h82goslw
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Re: U.S. stocks continue to soar!

Post by h82goslw »

Stef wrote: Wed Aug 26, 2020 3:57 pm Sometimes I feel stupid for not owning just QQQ instead of VTI because it seems so obvious.
Just about everything is obvious after it happens
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I found this website here is the best resource when attempting to research TSLA stock performance and fundamentals. :mrgreen:
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