today - beginning of bear
market or...
I don't know if anyone will read this - Is There Anybody Out
There? (Pink Floyd) - but I am wondering if today is the first move
creating the next bear market. I've noticed some weakness
previously in top heavey stocks that aren't Reddit favs. Today is a
broader selloff even after job numbers were relatively decent. I
know we have thought the market was a bit oversold for some time
and eventually it would have to correct a bit. Anyone have
thoughts?
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I have been very cautious over the past 2 months. When I
get the feeling that even a monkey can beat the S&P index, I
begin to worry. I am very close to retirement, a 13 months at
most. So I started to lighten up.
That said, while the Treasury yield has been on a rapid rise and
the market frets when yields rocket higher, I feel that with so
many people under-employed, it will be tough to get the economy to
overheat on a long term persistent basis. Yes, people will go crazy
on trips, shopping etc.. but it will be a surge that will not be
able to persist for more than a year or two. The rest of the
population will be strapped for cash. A lot of pain
lingers.
So back to the market, my take is that the yield rise will taper
off and the market will settle down
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Author:
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LongTerm
CapGains
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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03/05/21 at 4:44 PM CST
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I am still ~8-9 years from retirement. Have to get my youngest
through college and get enough years in my system. Slightly jealous
that you are 13 months out - congrats! I sold my NIO at 53. Felt
weak. Almost bought more at 33, but it is such a high risk, high
reward. Either way thanks for turning me on to it.
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Author:
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breinejm
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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03/08/21 at 7:11 AM CST
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The thought of retirement is still a bit unnerving, not because
of my financial situation, I am ready, rather it is because I need
to make sure I am mentally prepared to be 100% not doing
programming. Thing is, I really enjoy the kind of work I
do. I suppose I will figure out how to keep myself
engaged.
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Author:
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LongTerm
CapGains
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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03/14/21 at 6:45 AM CDT
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Jester,
Are you a programmer and are you retired? Not that
what you do in your free time would match my preferences, but just
out of curiosity, if you are retired, how do you entertain
yourself?
Maybe the questions should be generalized to all
here?
So, this is me:
I love the stock market, love to read financial news, do
my own due diligence. I read anything that is financial news.
Funny thing, I am not much of a book person, don't read novels
much, in fact it has been years. My wife is a great cook and
now that I work from home, I am helping in the kitchen and
surprise, surprise, I like it.
I am thinking of volunteering at some school to teach
basic financial advice, like how to teach people of the very basics
of budgeting, also thinking of learning languages, especially
Italian and French. Will see if I do all these when I
retire.
Anyhow, looking forward to hearing from all of
you.
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Author:
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LongTerm
CapGains
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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03/17/21 at 5:58 PM CDT
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Can you contract in industry? Teach as an adjunct at a nearby
community college or even possibly a university? Find programs to
get inner city youth into coding and programming and volunteer. You
have skills that are in need, even in retirement. Share your love
of your work and help create the love across generations.
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Author:
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breinejm
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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04/02/21 at 12:01 PM CDT
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I would be open to teaching. Don't know if I could be
effective, but I would at least like to consider it. Maybe you
could offer some pointers on how I could go about it, who to
contact, would I need any training in teaching etc ...
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Author:
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LongTerm
CapGains
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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04/03/21 at 8:10 AM CDT
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Teaching opportunities in programming are likely to be at
volunteer level or comunity college (CC). K-12 usually requires a
license although sometimes they partner with working (or recently
retired) professionsals. Do some google searches and see what you
might like, then reach out to the group or CC. I can certainly
offer any guideance that I can.
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Author:
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breinejm
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Subject:
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None
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Sentiment:
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Neutral
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Date:
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04/07/21 at 7:19 AM CDT
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