2021 Stock Market

mtowncyclone13

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We had a good 2020 thread, so here's an updated one.

Ending the year on record highs, will the party continue? With a Democrat trifecta in congress, will we see more individual stimulus that powers the market?
As of today, marijuana stocks are skyrocketing in anticipation of legalization.
 
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BCClone

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I would be concerned holding any travel/recreation stock right now. If campaign promises hold true, you don’t want any of those. I have liquidated most of mine.
 
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Cloneon

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We had a good 2020 thread, so here's an updated one.

Ending the year on record highs, will the party continue? With a Democrat trifecta in congress, will we see more individual stimulus that powers the market?
As of today, marijuana stocks are skyrocketing in anticipation of legalization.
There are many more reasons to be pessimistic than optimistic. I won't be entering the market until I see what transpires in the next 3 months. But, I'm betting things won't look good as the backlog of 'optimism' wears out, the economic reality sets in, and the unemployment costs set in. That's not to say there won't be outliers (CBD stuff, remote working, etc), but the traditional stocks will drop.
 

Urbandale2013

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I’m hoping stuff continues to stay high at least until March/April so I can sell long term some of the stuff I bought after the crash. We will see where we are at then.
 

StLouisClone

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Apr 16, 2006
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Goldman Sachs predicts that Biden will now get $600 billion of additional stimulus (3% of economy) but only 25% of the tax increases that he promised. In other words, the party on Wall Street can continue because the Democrats won't keep their promises to undo Trump's tax cuts for corporations and wealthy individuals.

 
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SCNCY

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Late last week I purchased a call option on the January 2022 USO ETF at 41. With yesterday's news of the Saudi's cutting production, my call has been going in the positive direction.
 

CycloneDaddy

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Sep 24, 2006
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Trying to figure out how greedy to get on US Steel (up 47%) and GE (up 45%) ... sold my bank stocks (JPM and WFC) yesterday, oops.
 
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dmclone

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Oct 20, 2006
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I few weeks ago I bought my first bitcoin. I just bought a little but so far it's up 75%. Damn I wish I would have put in a ton.

To be clear, I bought Grayscale Bitcoin Trust (BTC) OTCQX US: GBTC
 

KnappShack

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May 26, 2008
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Trying to figure out how greedy to get on US Steel (up 47%) and GE (up 45%) ... sold my bank stocks (JPM and WFC) yesterday, oops.
I'm considering a move into TD bank. High dividend and I need to diversify/take profit in the tech world.

Just haven't convinced myself to pull the trigger
 

dmclone

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My "retirement gain" for 2020 was 16%. I didn't make any changes to any of my investments this year besides a rebalance at the start of the year.

The one piece that sucks is that I have a years worth of emergency fund sitting in a savings account earning 1/2%. The good news is that I didn't have to use the mergency fund.
 

CycloneDaddy

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Sep 24, 2006
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My "retirement gain" for 2020 was 16%. I didn't make any changes to any of my investments this year besides a rebalance at the start of the year.

The one piece that sucks is that I have a years worth of emergency fund sitting in a savings account earning 1/2%. The good news is that I didn't have to use the mergency fund.
Worse problems to have but yeah having money stuck making no interest sucks, I think my savings acct is making 0.2% or something stupid like that.
 

Sigmapolis

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Goldman Sachs predicts that Biden will now get $600 billion of additional stimulus (3% of economy) but only 25% of the tax increases that he promised. In other words, the party on Wall Street can continue because the Democrats won't keep their promises to undo Trump's tax cuts for corporations and wealthy individuals.

Sounds about right. The fact they took the Senate last night is not nothing, but it is going to help them more in confirming executive appointments and judicial nominees than it will passing legislation.

Both parties are just terrified to do anything that would upset the market at this point. It's been one of the few genuine bright spots economically for the past 15 years, and the two most powerful political constituencies -- super-billionaires and upper-middle class professionals -- have much/most of their net worth sunk into equities.

You are not winning many elections if you tank people's 401(k) values.

Now, if this whole situation is sustainable is the question, but nobody wants to take the punchbowl away right now.
 

superman_101680

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Oct 30, 2006
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Goldman Sachs predicts that Biden will now get $600 billion of additional stimulus (3% of economy) but only 25% of the tax increases that he promised. In other words, the party on Wall Street can continue because the Democrats won't keep their promises to undo Trump's tax cuts for corporations and wealthy individuals.

Shocking! Says no one who has witnessed politics for the last couple of decades. Wait until the Bernie Bros and the far left face this reality. It has become increasingly clear the Democrats are in the same bed as Republicans when it comes to Wall Street, large corporations, and special interests.
 

dmclone

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83% of my networth (does not include house or non cash assets) is in 401k and ESOP, does that % seem high?
I don't know the right answer but mine is

76% in retirement (401k(2), Roth 401k, Roth IRA, and Emergency fund)
2% in vehicles (both paid off)
22% in home equity
 

mtowncyclone13

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83% of my networth (does not include house or non cash assets) is in 401k and ESOP, does that % seem high?
49% in retirement
23% in cash and taxable stock account
15% in hard assets (house and two cars)
10% in kid's 529 plans.

My net worth increased by about 17% last year
 

SCNCY

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My "retirement gain" for 2020 was 16%. I didn't make any changes to any of my investments this year besides a rebalance at the start of the year.
My retirement is only up about 10% for last year. But I also have about 10% in a bond fund and some money in Exxon, which hasn't recovered like other stocks last year.
 

AuH2O

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Sep 7, 2013
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83% of my networth (does not include house or non cash assets) is in 401k and ESOP, does that % seem high?
I would say depends a bit on age, but I don't think it seems too high, but I'd say within a reasonable distribution that distribution seems far less important than the absolute $.

I'm about 60% retirement, 25% hard assets, 15% cash and post-tax accounts in my early 40s, and the retirement is not surprisingly the one that will grow the fastest, so by the time I retire I suspect it will be something like 80 - 10 - 10.