Where to "Stash the Cash" now?

[scubascuba3]

Investing when prices are low is always a winner, wait until this current 2nd wave market crashing looks like its stopped then pile in

[Poet]

Crypto is worth at least dabbling in, just so you get a sense of it and have an account set up.

Take a small amount and put it into Bitcoin and/or Ethereum. Ignore all the other coins for now.

Volatility is the word with this type of asset, but you can make that work for you. Right now, with bitcoin at $10.5k, I would possibly place a buy order for when it hits $9k or $9.5k. If you take that approach, you are betting that it will swing down that far at some point during the next week or, but you run the risk of not getting in at all if it starts another run. That has happened to me in the past, you get left behind and end up buying at a much higher price. Annoying.

Ethereum is currently around $340. I would probably place a buy at $320, maybe even $300.

I am bullish on both, and sense that Ethereum may rise more than Bitcoin but, for whatever reason, I feel safer keeping most of my crypto investment in Bitcoin.

Once you have your coins, just forget them for a few months. Don't drive yourself crazy following the swings. They are only important when you know you will need to withdraw your investment soon.

[Mario666]

 

Perhaps???????

 

 

 

Edited September 23, 2020 by Mario666

[bwpage3]

13 hours ago, Mario666 said:

Thank you for your reply.

 

I am sure your Doctor friend also saw the "Financial Tsunami" coming?

 

Perhaps you could share his name and his "bibliography" for the benefit of the Forum???

As soon as you share your bank account info.

[bwpage3]

14 hours ago, 4MyEgo said:

Wish I could see that "Tsunami" coming as I am now 50% down on most of my blue chip stocks and most dividends have been cancelled too, that said, I have enough in reserves (bank) to keep me going for another 4 years before I have to start selling some shares at either a loss or profit, hopefully the latter.

 

Work out what it costs you to survive per month and maybe you will see that there is enough there for you to survive on till you pop your clogs so to speak.

 

Like I said, maybe start living off of your cash as I wouldn't be wanting to be investing in anything at the moment, too risky with a lot of the unknowns.

Your only down if you sell.

[Stocky]

12 hours ago, stouricks said:

Absolutely NOT. If a Financial Adviser is so good, why is he advising others what to do with THEIR money and not doing it with his own. He is only in it for the COMMISSION he gets for persuading YOU to invest where he gets the most moolie. Been there and suffered.

I would suggest an independent financial adviser is likely a better starting point that a bunch of anonymous 'experts' on ThaiVisa.

[bwpage3]

12 hours ago, Brunolem said:

Surfing the tsunami of money unleashed by the Federal Reserve has nothing to do with being a world class expert!

 

Thousands of "Robinhooders", led by Dave Portnoy, a professional gambler, have also made a killing surfing the same wave. 

 

Financial markets these days have more in common with casinos than with investing.

 

Thus, those willing to play better have a gambler's state of mind, rather than that of a traditional investor... 

Do you ever wonder why they have a PhD?

 

If you dedicated 10 to 12 years of your life studying one thing, you would be an expert too!

 

Not to mention the US $10,000's of financial software you need to understand how to use.

 

You can play, however, a fool and his money are soon parted

 

 

[bwpage3]

1 hour ago, Mario666 said:

 

Many thanks for your reply.

 

On the contrary if you check back you will see that at the time I withdrew to cash the markets were peaking......But I was watching the Wuhan situation daily and realised that the Sh!te was going to hit the fan sooner or later!

 

At the time it wasn't being widely reported in the West and so the markets were a little slow to react. I have no regrets about getting out of the "Blue-Chips" I was in as even now I would have taken a severe battering.

 

Obviously, it would have been great to have some "Crystal Ball" to predict the TECH STOCK rally, but I am not clairvoyant and also notice that tech stocks have also taken a big hit again now!

 

Wouldn't it be great to invest now in the "Bio-Tech" company which eventually produces the "Magic Pill"? 

 

However, these are unprecedented times in terms of world markets. There may never be a cure, vaccine or call it what you want and so to point back and say the markets will recover based on history is not really the answer I was looking for.

 

I own 2 large properties in the UK which provide me with a generous income (ironically they are rented by medical doctors) so that is fortunate under the circumstances....I do not think they will be getting laid off anytime soon!

 

Those who point back to historical market trends and say stay in for the long term and you will make money may be right, but I am 62 now, so just how "Long" is the "Long Term"?????

 

As my Nan used to say "There are no pockets in a shroud".

 

You wrote "I have an IRA with TRowe Price that has a 1-year return of 15.44%, a year to date of 7.81% and the last quarter of 25.45%. This IRA was rolled over from my self funded TRP 401k company retirement plan account and I haven't withdrawn any money since opening the original 401k."

 

That sounds great. Please can you explain to an amateur like me exactly what that means?

 

Many thanks again in advance for your next reply.

Do you understand you don't lose a thing when the market shifts, (unless you sell), you are only losing value on paper.

[stouricks]

14 minutes ago, Stocky said:

I would suggest an independent financial adviser is likely a better starting point that a bunch of anonymous 'experts' on ThaiVisa.

But of course an INDEPENDANT Financial Adviser is working for him/herself and wants to make as much money out of each customer as they can. In my case an IFA based in Pattaya moved my private pensions to a QROPS incurring very substantial recurring charges, and a one-off big commission to him. Those together have taken more out of my pot than I have in withdrawals.

[FritsSikkink]

15 hours ago, GeorgeCross said:

stocks VWRL 70%

bonds VAGP 20%

10% gold hedge

 

cash split 3 ways - £ $ Bht

 

 

 

 

The pound with no deal Brexit coming and Scotland leaving, that will go well.

[Mario666]

35 minutes ago, bwpage3 said:

Do you understand you don't lose a thing when the market shifts, (unless you sell), you are only losing value on paper.

 

Thank you for your incredible advice.

 

Now, why didn't I think of that? 

 

 

 

 

 

Edited September 23, 2020 by Mario666

[Stocky]

21 minutes ago, stouricks said:

But of course an INDEPENDANT Financial Adviser is working for him/herself and wants to make as much money out of each customer as they can. In my case an IFA based in Pattaya moved my private pensions to a QROPS incurring very substantial recurring charges, and a one-off big commission to him. Those together have taken more out of my pot than I have in withdrawals.

I've never let a financial adviser anywhere near my money, I just take their advice, or not, but they don't get to play with my money.

[Mario666]

15 minutes ago, Stocky said:

I've never let a financial adviser anywhere near my money, I just take their advice, or not, but they don't get to play with my money.

 

Well my IFA is my Best Mate from school and he doesn't charge me anything and has taken care of me for 35 years plus.

 

His advice is "Stay in Cash and WAIT!"

 

He has several millions (Sterling)....I have less than 2 so maybe I should not have even started this thread and just taken his advice????

 

Been fun though!

 

Thanks again to all for your input! 

 

 

Edited September 23, 2020 by Mario666

[Mario666]

Just to get this thread going again did you see this???

 

https://weissratings.com/articles/risk-on-risk-off-what-s-the-story-with-gold?mkt_tok=eyJpIjoiWmpSbVpUUTJPRGMzTldWbCIsInQiOiJnR0tkTkpvczdrR0ZsT2ZhS1wvZTJBTDUxeDFLZ09BQjByNzY2VG1TZHNTenk4dUFKK1FaXC9IQytObjU4R3gxSFZvQWkzT0JNaFNRcytZYTFydEhjQWwrZlpCZ1RvUDZWZEFtVSsyTHlVT3FnaEpaa2FocWY5QXZKWGRPWGpJdmNOIn0%3D

 

[rak sa_ngop]

I have put a fair bit of cash into whisky. Not bottles or casks but litres of pure alcohol bought at wholesale prices and held in bond in Scotland. Easy to buy and sell. Check out Whisky Invest Direct. Very informative website.

[Brunolem]

3 hours ago, bwpage3 said:

Do you ever wonder why they have a PhD?

 

If you dedicated 10 to 12 years of your life studying one thing, you would be an expert too!

 

Not to mention the US $10,000's of financial software you need to understand how to use.

 

You can play, however, a fool and his money are soon parted

 

 

Who has a PhD?

 

I did become an expert, not once but twice...yet I knew very well my limitations and those of my expert colleagues.

 

PhDs and expertise are vastly overrated.

 

Anyway, these days no expertise is required to win at the stock market casino.

 

Dave Portnoy draws a letter from a Scrabble bag every morning (really!) to decide which stock he is going to buy and he has made millions since March!

 

 

[1FinickyOne]

6 hours ago, scubascuba3 said:

Investing when prices are low is always a winner, wait until this current 2nd wave market crashing looks like its stopped then pile in

That's called market timing... easy to say,  near impossible to do... 

[1FinickyOne]

18 hours ago, bwpage3 said:

He is in his early 40's and retired doing nothing but authoring books and making a mint in the market.

You even manage to contradict yourself in the same sentence... 

 

Writing books for profit and making a mint in the market is called work - it is not retirement... 

 

But keep on w/your posts. We all love fiction. 

[allanos]

As to believing that Ph.D's are the smart investment "experts" to turn to, it is salutary to take a look at the downfall of Long Term Capital Management, founded and run by "experts" including board members who had earlier won a Nobel Prize in Economic Sciences.  Enjoying initial strong early yields, in one four week period it lost $ 4.6bn, and collapsed.

 

The reason US stocks have shot so high is because of the vast amount of money-printing "stimulus" by the US Treasury.  An index fund has been a particularly good place to be. However, only a handful of stocks in the Dow, for example, have performed to excess, and dragged the index higher.  The rest are stagnant or under water.

 

Watch now to see if there is another stimulus package agreed between the GOP and the Dems (not looking so likely at the moment).  If another 2 or 3 trillion dollars is printed, that will be the time to jump into the stock market, having carefully selected which stocks to climb into.  

 

After the November elections are out of the way, however, all bets are off!

Edited September 23, 2020 by allanos
typo

[shoupy]

'Plastics'

[Mario666]

Zero Emissions Underwear ???? ????????????????????????

Edited September 23, 2020 by Mario666

[1FinickyOne]

Mario - as you, I saw problems ahead w/corona - what I did not see was the manufactured bounce back in US Equities... I got out early March and might be about even if had stayed in or not... I was out for the big plunge but not in for the make-up s*x... 

 

I have been an investor, mostly by and hold for many decades... now, as you, I am mostly in cash getting very little interest and feeling as I have no idea what may transpire... I currently have about 10% invested in the market and can pull the plug at any moment though I expect that the markets will be kept high through until the election... 

 

I do have a specific play ready for the end of October... 

 

The last 2 years have been great for me - this year, I am totally off kilter... not getting much of what is going on... printing money used to be the definition of inflation...?? I am gradually bringing more funds to Thailand - I don't expect to move. 

 

Good luck and maybe the best I can say is that not knowing - is to know.  

[Swimfan]

Open a beer bar

[Max69xl]

23 hours ago, Mario666 said:

Thanks George, but please can you decipher for me...I was in software sales....not Finance???? 

Google it.

[The Theory]

23 hours ago, Mario666 said:

February 18th moved all my stocks and pensions into cash.

Very smart, but not enough. What you could do right after was opening 5 year CD accounts @ 2.5%. Global economy won't recover soon, IMO at list takes 5 years. 

[mpyre]

19 hours ago, Lacessit said:

Agree. It's like the people who run courses on share, option and contract for difference trading. If you are that good at it, why would you tell me how to do it?

Because it's a huge pool, and you can also make money teaching other people to swim. 

[Mario666]

1 hour ago, kenk24 said:

Mario - as you, I saw problems ahead w/corona - what I did not see was the manufactured bounce back in US Equities... I got out early March and might be about even if had stayed in or not... I was out for the big plunge but not in for the make-up s*x... 

 

I have been an investor, mostly by and hold for many decades... now, as you, I am mostly in cash getting very little intere am just glad I got out when I didvested in the market and can pull the plug at any moment though I expect that the markets will be kept high through until the election... 

 

I do have a specific play ready for the end of October... 

 

The last 2 years have been great for me - this year, I am totally off kilter... not getting much of what is going on... printing money used to be the definition of inflation...?? I am gradually bringing more funds to Thailand - I don't expect to move. 

 

Good luck and maybe the best I can say is that not knowing - is to know.  

Thanks for your reply.

 

I'm just glad I got out when I did. I called my mate (IFA) yesterday and for the first time ever he did not have any ideas about where to invest.

 

I think I will just sit tight for now. The 2nd Covid wave is already there in the UK and I expect it will soon hit many other countries.....

 

Also anything could happen in the US Election.

 

Who knows we might even see global "Deflation" which will somewhat upset the Capitalist model?

 

I am lucky living here on Samui and even though it is more expensive than many parts of Thailand it is far cheaper than the UK unless I indulge in Western products which I do occasionally.

 

If you ever venture down this way give me a shout and we can meet for lunch and a few beers....if we can find anywhere still open??? 

 

Good luck to you too! 

[Mario666]

35 minutes ago, The Theory said:

Very smart, but not enough. What you could do right after was opening 5 year CD accounts @ 2.5%. Global economy won't recover soon, IMO at list takes 5 years. 

Well admittedly with 20:20 hindsight I could have done better, but I am pretty pleased with where I am compared to where I could have been.

 

My surname is not Buffett, Rockefeller or Soros, but I did retire at 46, put my kids through university and have travelled extensively and enjoyed a good standard of living ever since!

 

I welcome your input and agree the Global economy will not recover for at least 5 years or maybe even longer.

[rumak]

22 hours ago, Lacessit said:

Rental property where? In Chiang Mai, landlords can't find tenants.

I just found one  ????        Wasn't easy...... but rents give me about 10 times more than what the bloody

banks are offering .       

[vandeventer]

         The state of the world right now gold and silver looks like your best bet.