An interesting story on my 2019 F250, a little over a year ago I sold all my Boeing stock and paid cash for my F250. I bought Boeing at about $100 per share back in the great recession, I sold it at about $390. If I would have listened to people who say leave it in the market and get a loan don't give up your great return, I would have lost my ass. If I had the stock back today I couldn't buy a Fiat 500 from the proceeds of selling it.
Certainly a time to buy and a time to sell, Boeing will be back up there again one day. MArkets are all about timing, risk and reward.
Exactly. I have faith in Boeing and I may buy back in. But they do have their share of problems right now.
What he said
Don't drink, smoke, not a buysexual, hardly buy video games, and did what I wanted with my truck, so other than essentials and mortgage, got nothing to do with the $$$ other than save or pay off quickly
Yeah, those problems is what makes it a deal.
Yeah, I wouldn't want to see Boeing go bankrupt, take a bail out and hang the shareholders out to dry. This happened to me on General Motors, I will never buy another GM product again.
If I didn't expect to need funds in the next year or so for some major purchases I'd be putting it all into the market now that it's >30% down. It will recover, but the last few major bumps took about 3 years to turn around.
The auto stocks are super cheap now, I'm guessing another 20 to 30 percent before all is said and done but when this is over in a few weeks (hopefully) the markets are going to roar due to pent up demand.
