When the bough breaks.. stock market, housing, collector car

I'm with you guys on strong companies with good dividends, the two best I have are IBM and Chevron.

 

Let us know when they do. Right now, you couldn't see bottom even with a Hubble Telescope.

 

Exxon-Mobil is my best.

 

The collector car market is shifting. I remember the days when frame off restored or low mileage late second gen Firebirds/ Trans Ams struggled to get 30k 10 years ago.

And I think we've all seen the explosion in Grand National pricing.

 

That’s insane but people will pay for the cool factor. While the TA’s look good and were basically the only choice for enthusiasts in the late 70’s, they were performance turds. No offense to anyone who owns one.

 

No argument, but it is now possible to fix the performance.

 

My brother owns a couple of those Firebirds, one is the Y82 model.

 

They have a much better view than I do. My IRA has dropped a little recently, but up until that drop, was 70% above what I put into it when I retired, 7 years ago.

 

I think I hear the bough cracking. Dow down almost 2000 points in the last few days.

 

People seem to forget that a 79 400 4 speed f body was capable of 96 mph trap speeds when new 1320.

 

There are many modern 4-door grocery getters that will leave our beloved cars in the dust while getting 30MPG. But that's not why we own these cars

 

Agree. When I had my motor built I wanted to be able to keep up with the current garden variety musclecars like Mustang GTs, Hemi Chargers and Challengers, Vetts, etc. (Normally aspirated, that is.) That doesn't include the supercharged and tuner modified cars, of course. Those 600 to 800HP versions will walk away from me. But, the thrill of driving a 12 second big block GS is still intoxicating to me.

 

Indeed it is not...
-MIG

 

Can't say enough about that adrenaline rush...
-MIG

 

Back to the market - buy buy buy! From Forbes:
"So, how do stocks perform when the economy is faced with a recession? The S&P 500 surprisingly rose an average of 1% during all recession periods since 1945. That’s because markets usually top out before the start of recessions and bottom out before their conclusion. In other words, the worst is over for stocks before it’s over for the rest of the economy. In almost every case, the S&P 500 has bottomed out roughly four months before the end of a recession. The index typically hits a high seven months before the start of a recession."
Based on that, my math says the recession will start June/July.

 

The point was that a can of peaches will keep you alive for a bit longer. The fact that gold is an excellent conductor of electricity and can be extruded to an amazing thinness is irrelevant. If money becomes worthless, people aren't going to be worrying about gold's conductive or extrusive properties. They're going to be looking for food.

 

A clear reminder why land is so important. Let nature provide

 

Also as they say, "They aren't making more of it."

 

Some say recession has already started, there will always be buys in the market and there will be stocks that will not move much and if they pay dividends that is where to go now for this type of market. Even now is not to bad of a time to put in bits and pieces of money on each downturn, then you will be dollar cost averaging.
We have lost now 2 years of gains in the market and are now at about the peak when Trump was president so we are still in good shape but now more downturns means you will be losing going up to the end of the last admin.

Between 2016 and Jan of 2019 we made a lot of gains in the market.
If we would have bought the oil stocks when they were down today you would not be losing much money since they went way up and a lot of other stocks went down.

Example is Kimberly Clark has not moved much from it's 120 dollar price tag for the stock and they pay a decent dividend too and that one is not even a oil stock.

So now you have to pick your favorites that you have been eyeing and buy them as we are close to a bottom I think, The fed is going to have to raise the rates again to get the inflation under control but you just have to keep your eye out and get on it.

The baby boomers are all at that age where they need medical care those stocks are not going down and the ones i do have and I have both a mutual fund and a couple of the stocks and they did not go down a lot.

 

I still have my retirement account from my former employer from 20+ years ago. Never rolled it over. Invested in mostly stock funds and checked it every few months. All this talk of recession and rising interest rates for the past few months I thought to myself I need to change my selections to something more conservative, money market funds maybe? Bonds? Being at work when I thought about it and then forgetting by the time I got home I didn't do anything.

Checked yesterday, year to date return -25.34%. OUCH!