Hope the rally in share prices is maintained as it affects so many people - thinking of upcoming pensioners like the 'young member' (you know who I mean). But beware of the 'dead cat bounce'. For those unaware of this phenomenon: "A dead cat bounce is a temporary recovery of asset prices from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough." More detail can be found at https://www.investopedia.com/terms/d/deadcatbounce.asp
The US stock market has already had several of them. I'm not budging until the volatility gets in check.
And I thought you just made that up. If they haven't come up for a name for the current market condition I'd like to suggest; HOLD MY BEER. All joking aside this is not going to end well, a lot of people are going to get hurt. Well most of the common people that didn't have insider information will be hurt.
Some may not realize they are invested in the stock market--though pension funds. Fortunately for American workers, G. W. Bush failed in his bid to privatize Social Security.
You have obviously read the financial press and, maybe like me, get turned off when told by 'experts' they will share their secret to turning $1000 into $1million if only you subscribe 'not at $10,000 ... not at $5000 .... but only $2500'. I just think 'Hmmm - if I know how to turn $10,000 into $1 million I'll invest $100,000 of my own money, turn it into $10m and live happy ever after'. So I am wary of them. But one person I like to read is Doug Casey at https://internationalman.com/ He has a very negative view of the future prospects for the world economy but gives insights into how people can turn it into a profit. I am not recommending him, nor seeking any remuneration from people reading his site - just put it out there for consideration. Btw, he does have a political standpoint that might not suit everyone but, in my view, why let politics spoil the chance to make money. 'Politics' seems to be what happens around us as we try to make the best for ourselves and our families.
Do you mean 'ways to make money'? There are, but buying too soon get fingers burned. Anyone going into a market that has fallen 50% has 'saved' 50% - but if it declines another 50% they have 'lost' 50%. If you know the right time to buy then please tell me and everyone else as even experts get it wrong. The good thing about buying after a big fall is that an asset purchased after a 50% fall and which recovers to its original value, returns not a 50% gain but 100%. The math experts here will be well ahead of me on this but some people might not have thought of it that way.
No one knows the 'right time', it is all speculation, will it fall further, will it flatten out and rise, will the rise just be short term for profit taking? Me, I'm not interested, to old to get back into the markets, as they to me have always been long term investments. Maybe some Day Traders can make a fast buck, but no one knows. I'll just stay happy and content, I don't think a person can ask for more than that out of life.
Speaking of stocks. What stock apps do you guys use? I'm looking for one that is American expat friendly who doesn't have a residential address in the US (mailbox address only). Want to dump some money in shortly in a few things because things will bounce back within a year.
