Buffett just parked $234 Billion into t-bills and now holds more than the Federal reserve according to this source.
Buying stocks on Monday?
- Thread starter UberCougars
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Buffett just parked $234 Billion into t-bills and now holds more than the Federal reserve according to this source.
That was like 6 months ago. Just means Buffet is hoarding cash equivalents and/or doesn't have any investment opportunities that he's wild about.
My wife asked me if I should swap out and go super conservative in my 401(k) tomorrow because she was reading that futures were down across the board. I told her that with the way retirement accounts work....I'd just be selling low if the market crashes to start the day. I'm seven years out from retiring (at the earliest) so there's not much point in trying to get too clever.
This cesspool of a forum is a microcosm of this country. The idiots are loud and cocksure. The intelligent are quiet and uncertain.
I’m 2 years behind you, and in a similar spot. Already too late to sell anything questionable, I expect some of my holdings to open trading down 10-20%. Ford has been sliding for a few weeks, and will fall more. Bank of America will take a hit just based on uncertainty.
Fortunately, I’ve done really well on some energy stocks, so even if it goes down tomorrow I’m in positive territory. For the accounts I manage, I’m looking to scoop up some value. If Ford falls, I’ll buy more and reduce my effective price. It’ll bounce at some point before I’m done.
I bought Smith & Wesson too. Hasn’t made me any money yet, but if things go completely off the rails that might be my gold mine (especially since my gold mining stock didn’t pan out).
My experience from the last 20 years has taught me that if the stock market takes a big kick in the pants, it always pops back up stronger a few years later. I lost 60% of my stock value in 2008 but by 2011, it was 50% higher than it was before the drop. I took a 25% kick in the balls in 2020 but today I have about 50% more than I had in 2019. Past performance is no guarantee of future success of course.
I lost 80% when the tech bubble burst in 2001. Some was truly lost - I had money in some things that went bankrupt almost overnight, and I was extremely tech-heavy. That was a good lesson in diversification.
Pretty much made it back by 2008, and I wasn’t heavily invested in financial stocks so I didn’t lose a lot, I just stagnated. Played the bounce pretty well though, and bought into some banks near their low points.
Didn’t do that well in the 2010s. My blue chips didn’t do anything, and I made some bad choices in biopharm, tech, and REITs. Fortunately I had turned over most of my accounts to actual professionals, and they avoided the same mistakes.
I’ll probably take a look tomorrow just to gauge the damage, but won’t make any moves right away. I’m going to keep a pretty close eye on things like Ford (which I already own) and Coke (which I don’t). I expect them to dip, and if they do I’ll look to buy both, partially for the dividends and partially because they’ll both rise again.. Also keeping an eye on energy and quantum computing….and I wasn’t kidding about the gun stocks.
Kind of hoping that I can play the bounce again…maybe make that 9 years more like 7.
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