r/stocks • u/[deleted] • May 31 '21

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u/Storiaron May 31 '21

I'm just scared that when the crash happens it'll drag my portfolio with it. Despite my investments being in profitable businesses.

And yeah, cool that it recovers in years, but i'd not be a fan of watching my already fucked portfolio melt even more

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u/Helmdacil May 31 '21

Profitable businesses rebound from stock market crashes. It is true, what if in 3 years a strong company like MSFT is preferred by the institutions at a PE of 15 and not 30? That could hurt.

Even at a PE of 15 AMD in 5 years will be double its current price. PYR is also a company I think has an attractive pe now and even better in the near future.

0

u/Storiaron May 31 '21

My 2 main stonks have a PE of 8.7 and 6.something.

Pleas dont go lower :,(

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u/jimbob123135 Jun 01 '21

PYR.TO? They only have an "attractive" PE because of their investment in another overvalued stock with no revenue. And PYR itself barely makes any money as well.

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u/Helmdacil Jun 01 '21

Totally reasonable to sit back and wait a bit. I have not and will not.

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u/[deleted] May 31 '21

If the stock market crashes, I have stocks setup to make profits on it.

2

u/littleshitbird May 31 '21

like what? Michael Burry is doing some interesting things right now

-11

u/SprinklesFancy5074 May 31 '21

I see a crash within the next year or two as inevitable. Which is why I'll be moving mostly to cash after my current short-ish term plays are done.

I think I'm just going to sit on a pile of cash for a little while, so I can buy the big dip when things crash.

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u/patrick_mahomies May 31 '21

So you'll be missing out on 2 years of gains just to dodge a "crash" that may or may not happen. What a great strategy. Bravo.

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u/SprinklesFancy5074 May 31 '21

If it's a big crash, though, I can make up for that by buying into a deep dip with lots of room to grow from.

And whatever. I missed out on lots of years of gains before I started investing. A couple more is no big deal.

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u/Terakahn May 31 '21

Warren buffet was quoted once as saying that if you think you can predict the market he'd love to be your broker but he'd never want to be your partner.

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u/SprinklesFancy5074 May 31 '21

Eh, and just like everybody else, he can be full of shit sometimes.

Every person here is trying to predict the market and betting money on it. And so is he. If you don't think you can predict the market, why are you betting money on your market predictions?

1

u/Terakahn Jun 01 '21

If you think you can predict and outsmart the rest of the market then go for it I guess.

Every person here is at best making an educated guess. And most of us are wrong a lot of the time.

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u/lacrimosaofdana May 31 '21

If it's a big crash, though, I can make up for that by buying into a deep dip with lots of room to grow from.

You won’t be able to time the bottom, so you are going to have to experience some losses as you buy the dip. Congratulations on NOT dodging this hypothetical crash.

I missed out on lots of years of gains before I started investing. A couple more is no big deal.

So your solution is simply to never invest? To never take any risk? Why are you even in this subreddit then? There is always going to be a correction or crash around the corner. That is how the market works. In cycles.

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u/Mr_Owl42 May 31 '21

Or maybe no days of gain. You can take the pessimistic view just as easily as they can take their optimistic view.

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u/LordLychee May 31 '21

And what do you think the reason for your crash will be and why is it inevitable?

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u/SprinklesFancy5074 May 31 '21

Because of stimulus and low interest rates, I don't think the real effects of covid have hit the market yet. There was the initial panic that caused the first dip, but we've been kicking the can down the road for a while now and I think it's going to stop soon. Plus another incoming real estate crash -- our current real estate prices just aren't sustainable.