Poll - The Stock Market and Vintage Sales

Peter_Spaeth · #1 04-06-2025, 09:59 PM

Time to panic!!!!!!

BobbyStrawberry · #2 04-06-2025, 11:04 PM

Quote:

Originally Posted by Peter_Spaeth

Time to panic!!!!!!

Time to sit back and bask in the chaos!

todeen · #3 04-06-2025, 11:32 PM

Quote:

Originally Posted by Peter_Spaeth

Time to panic!!!!!!

No panic for me. I'm only 39. I'm just hoping I can catch a few months of deflated prices to make my monthly contribution go farther in my chosen index funds.

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Peter_Spaeth · #4 04-06-2025, 11:49 PM

Quote:

Originally Posted by todeen

No panic for me. I'm only 39. I'm just hoping I can catch a few months of deflated prices to make my monthly contribution go farther in my chosen index funds.

Sent from my SM-S926U using Tapatalk

That's probably the best way to look at these things.

bk400 · #5 04-07-2025, 12:01 AM

Here's another card for the thread. The Kid played clean, played hard, and was beloved in both Canada and New York.

Carter08 · #6 04-07-2025, 07:04 PM

Quote:

Originally Posted by bk400

Here's another card for the thread. The Kid played clean, played hard, and was beloved in both Canada and New York.

Great card!

egri · #7 04-07-2025, 05:31 PM

Quote:

Originally Posted by todeen

No panic for me. I'm only 39. I'm just hoping I can catch a few months of deflated prices to make my monthly contribution go farther in my chosen index funds.

Sent from my SM-S926U using Tapatalk

Same, I guess it's fortuitous that I was outbid on the card I wanted in Heritage; I redeoployed some of those savings to my brokerage account over the weekend.

sb1 · #8 04-07-2025, 05:47 PM

i have/had roughly the same amount in my Fidelity holdings and my card collection. To date I am down seven figures in the brokerage account, meanwhile the cards remain about the same value as a month or two ago, when the market slide began, and it concerns me very little in the big scheme of things. Fear not, the market will come back sooner or later. I have been in equities since 1989 and remained fully invested thru the Gulf War crisis, Dot com bubble, 2008 Mortgage crisis and Covid, each and every time the market has regained its prior level and gone on to reach even higher and each time I was consistently throwing more money into the holdings. This time will be no different whether it takes 2 month or 2 years I can't predict, but probably much closer to the former than the latter.

My advice to those that frequently ask what to do, is nothing, unless you want to buy more, especially younger investors with the benefit of time on their side. It is very easy to get out of a down market, when to get back in is the hard part, most people either miss it or stay out entirely and miss out even more.

BobbyStrawberry · #9 04-07-2025, 06:08 PM

Quote:

Originally Posted by sb1

i have/had roughly the same amount in my Fidelity holdings and my card collection. To date I am down seven figures in the brokerage account, meanwhile the cards remain about the same value as a month or two ago, when the market slide began, and it concerns me very little in the big scheme of things. Fear not, the market will come back sooner or later. I have been in equities since 1989 and remained fully invested thru the Gulf War crisis, Dot com bubble, 2008 Mortgage crisis and Covid, each and every time the market has regained its prior level and gone on to reach even higher and each time I was consistently throwing more money into the holdings. This time will be no different whether it takes 2 month or 2 years I can't predict, but probably much closer to the former than the latter.

My advice to those that frequently ask what to do, is nothing, unless you want to buy more, especially younger investors with the benefit of time on their side. It is very easy to get out of a down market, when to get back in is the hard part, most people either miss it or stay out entirely and miss out even more.

Why do you believe this?

Peter_Spaeth · #10 04-07-2025, 06:12 PM

I can't speak for Scott, but 150 years of history say stock markets go up over time, and the reasons that is so -- improvements in efficiency and innovation -- have never been truer than now. Short term pullbacks happen. Markets go up over time. Look at a chart of the Dow since its inception.

As for the current crisis, it's noise IMO. Unless the tariffs wreck the economy, the economy is strong, technology and innovation are unbelievable, it will be fine.

BobbyStrawberry · #11 04-07-2025, 06:17 PM

Quote:

Originally Posted by Peter_Spaeth

I can't speak for Scott, but 150 years of history say stock markets go up over time, and the reasons that is so -- improvements in efficiency and innovation -- have never been truer than now. Short term pullbacks happen. Markets go up over time. Look at a chart of the Dow since its inception.

As for the current crisis, it's noise IMO. Unless the tariffs wreck the economy, the economy is strong, technology and innovation are unbelievable, it will be fine.

I should have been clearer - I was specifically asking about the bold part - "that it will be closer to 2 months than 2 years"

bk400 · #12 04-07-2025, 09:52 PM

Quote:

Originally Posted by Peter_Spaeth

I can't speak for Scott, but 150 years of history say stock markets go up over time, and the reasons that is so -- improvements in efficiency and innovation -- have never been truer than now. Short term pullbacks happen. Markets go up over time. Look at a chart of the Dow since its inception.

As for the current crisis, it's noise IMO. Unless the tariffs wreck the economy, the economy is strong, technology and innovation are unbelievable, it will be fine.

Reading the tea leaves of the market is like arguing about baseball, but my sense is that the market is pricing in the risk that there is neither strategy nor competence underpinning the tariff policies -- and that American institutions are losing their prestige both domestically and internationally. If "flight to quality" means a flight of capital to somewhere other than the US, then we have a very big problem.

I'm personally of the view that logic prevails over time, but I think the market isn't as confident about that than I am.

sb1 · #13 04-07-2025, 06:21 PM

Several reasons, firstly someone on one side or the other of the tariffs will fold, and/or the Fed will make a move(lower interest rates), and investors will also realize that multiples are now much lower and the market is oversold. Part of the equation is company earnings as well, and whatever the headwind, companies tend to find a way to increase their earnings through good times and bad, using price pass increases to the consumer or by cutting costs, either way the bottom line comes out positive. Lastly, also consider the huge amount of cash sitting on the sideline, a few hints of good news and the market will "Melt-up" pretty quickly.

None of this is financial advice, just my thoughts and experiences in past downturns.

Peter_Spaeth · #14 04-07-2025, 06:25 PM

Not a political comment per se, but under Article I of the Constitution it is Congress that has power over tariffs. If this REALLY goes south and starts threatening people's chances of reelection because the economy collapses, Congress may do something. But I doubt it will come to that.

View Poll Results: Do the stock market losses play into your vintage buys?
Yes	95	25.33%
No	230	61.33%
Sometimes	50	13.33%
Voters: 375. You may not vote on this poll

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