Thread: Money Investing megathread extravaganza
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Old 09-02-2017, 07:27 AM   #1288
Hog's Gone Fishin Hog's Gone Fishin is offline
Fish are scared of me
 
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Join Date: Nov 2001
Casino cash: $1390477
Quote:
Originally Posted by lewdog View Post
X is such a cyclical stock to own. I am debating how high I'll ride it before selling it all? I'll then wait for it to dip again and buy back in.

Did you know it was $186/share in June 2008 before the crash and it tanked to $24 in November 2008?!



It's hard because I always think emergency savings should be fairly liquid. If I put it in the market, there's a chance it takes a dump. And the idea behind emergency savings is to not lose that money as it's your safety net. Hence why keeping it safe but growing slightly in a CD seems like the most attractive offer to me.
I keep an LOC set up for $100,000 against some rental property so it's there as my safety net. It's at 6.25% so if I dig into it I always pay it back off quickly. That way I keep all my cash busy losing money on stupid stocks

Yes I knew X was way up there at one time. 2008 is when EVERYTHING went to shit unless you were a corn farmer. I had to shut down my hog operation for 3 years and become a lease operation. Which in the long term turned out to be the best thing anyway.
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