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That member said the S&P 500 is down 20% THIS YEAR, which isn't true
Quote:
Originally Posted by bmw335xi
saying the S&P 500 is down 20% this year is completely false and misleading
Quote:
Originally Posted by myname_isborat
I didn't say the index was down 20%
You said the average S&P stock is down over 20%
That is an actual, precise quote.
Can you help me understand why you think saying the average S&P stock is down over 20% is a different fundamental concept than saying the S&P 500 index is down over 20%?
The failed blue chip stock graveyard is filled with one time blue chip stocks that ended up worthless or close to it . . most took a dip in a downturn and no one believed their stock was in any worse shape than any other going through rough times . but then the major problems surface and at that point it is a lost cause .
Or, as Warren Buffet likes to say, "when the tide goes out you can see who's been swimming naked".
Can you help me understand why you think saying the average S&P stock is down over 20% is a different fundamental concept than saying the S&P 500 index is down over 20%?
From the article I posted...about 189 companies accounted for 80% of the SPX value in 2016. That number is probably low now considering the moves just in FANGMAN since then. Not every stock in the index is equally weighted, not even close.
Edit: Here is an article from Oct 10th. SPX is down another 100 handles since this post so it's way off. 66% of S&P stocks were in correction or bear market territory then. So many stocks are down well over 20% this year! You are doing well OP so look on the bright side.
From the article I posted...about 189 companies accounted for 80% of the SPX value in 2016. That number is probably low now considering the moves just in FANGMAN since then. Not every stock in the index is equally weighted, not even close.
Edit: Here is an article from Oct 10th. SPX is down another 100 handles since this post so it's way off. 66% of S&P stocks were in correction or bear market territory then. So many stocks are down well over 20% this year! You are doing well OP so look on the bright side.
Slow your roll. My question was neither intended as, nor phrased as, an attack. Save the
I legitimately wanted to know why you thought it was different, and you answered rationally-a small number of stocks (highly weighted) may not be down as far as the 'average' stock. That would result in the average stock being down, but not the index.
My small Roth IRA account has never grown much, then shortly before this crash I wanted to move Amazon from taxable to IRA to save taxes and to grow the IRA, so I bought some Amazon in my Roth near the peak. Now my Roth IRA has shrunk even more
Location: Was Midvalley Oregon; Now Eastside Seattle area
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Quote:
Originally Posted by snowmountains
My small Roth IRA account has never grown much, then shortly before this crash I wanted to move Amazon from taxable to IRA to save taxes and to grow the IRA, so I bought some Amazon in my Roth near the peak. Now my Roth IRA has shrunk even more
I only have Roth (when I say IRA I meant Roth IRA). I have never found the best way to grow it. Bond funds don't grow much, equity funds don't grow enough, stocks, well, I either bought the wrong stocks or the right ones at the wrong time. The account balance is almost the same as the original contributions.
I only have Roth (when I say IRA I meant Roth IRA). I have never found the best way to grow it. Bond funds don't grow much, equity funds don't grow enough, stocks, well, I either bought the wrong stocks or the right ones at the wrong time. The account balance is almost the same as the original contributions.
I sell cash covered puts and pocket the premium. Most of these options expire worthless. That’s how I grow my HSA and my kid’s Roth IRA account. 25% for the less than two years, 30% for my HSA.
Slow your roll. My question was neither intended as, nor phrased as, an attack. Save the
I legitimately wanted to know why you thought it was different, and you answered rationally-a small number of stocks (highly weighted) may not be down as far as the 'average' stock. That would result in the average stock being down, but not the index.
Question answered. Thanks.
Sorry. I got worked up last night.
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