Stocks question

[Horace]

50% in 5 years? C'mon man. Apple does that in a couple months.

[Mik]

@Klaus said in Stocks question:

Well, I guess the point is that nobody knows for sure that they'll be back to normal in 5 years.

Exactly. If that were the case all the investors would have snapped up the bargains and these stocks would be right back to where they were.

[89th]

True, unless they care more about the 1 year return than the 5 year? I know....diversify.

[Mik]

Timing the market is reliably unreliable.

[Loki]

@Mik said in Stocks question:

Timing the market is reliably unreliable.

True dat. Very rare for anyone to beat the market over a non cherry picked long period of time.

[Jolly]

I'm more of a mutual funds guy. The oilfield is cyclical and is way down right now. If I was looking - and I ain't - I'd look at a very good energy sector fund.

But that's just me, YMWCV.

[LuFins Dad]

The airline industry will recover but that doesn’t mean Delta will recover. Restaurants will recover but I’m not going to buy stock in TGI Friday’s...

[Mik]

I'm pretty happy with my guys right now. We're in positive territory for 2020.

[Jolly]

@Mik said in Stocks question:

I'm pretty happy with my guys right now. We're in positive territory for 2020.

Yep, after a lousy first quarter.

Third quarter could be interesting. Fourth quarter could be disastrous.

[Mik]

Hard to say.