OT Stock Market
- Thread starter Ewooc
- Start date
I don't need my money in the market till I retire. About 12 years. I am not doing anything different, still putting 12% of every check in.
Riding it out only a fool would have already pulled out. I’m in it for the long haul.
Like someone who sells it at a premium and then buys it back at a huge discount. That kinda fool?
Pulled all my money out of the market in december to buy a house, I'm in a holding pattern right now but if it gets close to 1600 I'm going to start to buy everything I can.
Everything I've read said that timing the market almost never works, because humans can't reliably predict the future, and that in the long run you're better off just investing your money and letting the market run its course.
That's what I did in the fall, when a large sum of money unexpectedly came my way. Wish I had that money to invest now, but I don't, so any investments I'll be making in the coming months will be a drop in the bucket by comparison.
That's what I did in the fall, when a large sum of money unexpectedly came my way. Wish I had that money to invest now, but I don't, so any investments I'll be making in the coming months will be a drop in the bucket by comparison.
This correction was way past due. The DOW should never have gotten much past 18k. It sucks that it took a pandemic for it to happen but unless we drop below 16 we really arent in a bull market (relative to the dollar). People generally only measure inflation by what it costs for groceries or cost of housing, which is a big mistake.
I shifted 100% out of equities in my 401K and Roth IRA accounts about 4 weeks ago. Damn glad that I did, my balance is up almost 1.5% in those 4 weeks.
All of my retirement money is currently sitting in a combination of treasuries, bonds, and money market accounts. I'm waiting for the volatility to settle down before gradually easing back into stock funds. If I had additional cash to invest, I would be buying companies with strong balance sheets...… I'm actually thinking about tapping a line of credit available to me at the bank that has my mortgage to do so. Now is a generational opportunity for smart investing. Time to buy!
All of my retirement money is currently sitting in a combination of treasuries, bonds, and money market accounts. I'm waiting for the volatility to settle down before gradually easing back into stock funds. If I had additional cash to invest, I would be buying companies with strong balance sheets...… I'm actually thinking about tapping a line of credit available to me at the bank that has my mortgage to do so. Now is a generational opportunity for smart investing. Time to buy!
I've been out a couple weeks waiting for this and just in time really.
I'm still investing steadily as it goes, but I took out the sum I had, and am waiting until about 18k before going back in for 20k chunks of the sold portion.
I'm a ways from retiring so it really doesn't matter much for me, but who says you shouldn't be opportunistic?
I'm still investing steadily as it goes, but I took out the sum I had, and am waiting until about 18k before going back in for 20k chunks of the sold portion.
I'm a ways from retiring so it really doesn't matter much for me, but who says you shouldn't be opportunistic?
It isn't baseless. You have to take into account the fact that every investment is relative to the dollar, and the dollar is relative to other currencies. The DOW has outpaced all global currencies by 40% over the last 12 years, just like housing prices before it and tech before that (70%). No individual aspect of the economy can explode in value without others following suit unless it is a temporary bubble. Anything beyond 5-10% out is destined to correct and the only reason the fed has propped this up is because the financial sector is worth 20% of tax receipts. Over the last 15 days, the financial sector has either made or lost the entire yearly net value of the agricultural market 7 times in a single day. In a healthy economy the stock market should outpace the dollar but not by 40%. Maybe 5% or in a boom by 10. We have literally done the same thing that happened in 1927-28 except then it was private investors and now it's the central bank.
"Don't try to catch a falling knife," they say.
That being said I don't think the DJIA goes below 18000. I got some cash at the ready, just waiting to press that Buy button.
That being said I don't think the DJIA goes below 18000. I got some cash at the ready, just waiting to press that Buy button.
That's the smart play. Nobody knows where the bottom is so either you can dollar cost average or wait until you see a steady rebound.
Yeah if somebody else times the bottom perfectly (or says he did) and gets in ahead of me, I don’t care. I’m close enough to retirement that I just need to run the damn ball instead of running flea flickers.
That rarely happens I’ll take my chances and ride the elevator all they way to the basement if I have to. Real investors don’t panic when the markets dip a little.
I can say, with 100% certainty, that this market is going lower. The only question is, how much. It’s not “panic,” it’s logic. Good luck.
I have all my 401k in stock and haven't touched it, nor do I plan to. Plugging that paycheck fraction into it per usual.
May 1st is a date to watch IMO. I think we see some rebound if not by then, shortly after. By then the unknown should become more evident and the economic effects of this should be mostly realized. This is going to be detrimental at least in the short term to our economy.
If ya want a super easy way to tell when the market is going to rebound...keep an eye on toilet paper inventory at your local store. When that stabalizes...we're starting the rebound.
The toilet paper thing is so stupid. I went to the store last night just to get normal things and the TP was out, there was a guy that was buying all of the baby wipes and people fighting over paper towels. Sometimes it makes you want to just punch some of those people..
@little a
I was invested with Vanguard. They have been fantastic.
Vanguard international Growth Fund Admiral
Target retirement Trust Plus
DFA US small cap portfolio Class 1
Instl 500 Index Trust
Wellington Growth Fund series 4
They have done well. I invest in individual company stocks rarely. But I will in oil probably. Worlds most traded commodity, those companies will come back, the need for oil won't go away no matter how many oversized magnetic pinwheels they make and watch breakdown for years at a time.
I was invested with Vanguard. They have been fantastic.
Vanguard international Growth Fund Admiral
Target retirement Trust Plus
DFA US small cap portfolio Class 1
Instl 500 Index Trust
Wellington Growth Fund series 4
They have done well. I invest in individual company stocks rarely. But I will in oil probably. Worlds most traded commodity, those companies will come back, the need for oil won't go away no matter how many oversized magnetic pinwheels they make and watch breakdown for years at a time.
"Attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffett
As for me, I'm not selling a thing. Just gonna ride it out. Keep putting in each month and probably buy some more in a month or so.
The problem is.... now I can't look at my balance! It's tough to see the values shrink daily. It does make me wish I had sold more a couple weeks ago when I was rebalancing. As it stands now, I've got 10% in cash and I'm going to keep it that way.
I panicked and sold everything yesterday. Cooler heads prevailed and I bought it all back in today. Whew!
I wouldn't get too comfortable just yet. We're going to have some wild swings probably for a while.
No doubt.
Hopefully everyone knew I was kidding. Can you imagine if you sold off the entire 401k yesterday only to backtrack today? Yikes!
I was mostly out based on valuation. when virus got heavy coverage sold the balance of my brokerage accounts and went short
using the UVXY EFT. Did very well --but-- only covered the loss in an annuity I didn't sell. I did sell out one annuity early on valuation
or I would be under rather than just even.
I'm retired and got too much time to krill.
I'm killing time before it kills me.
using the UVXY EFT. Did very well --but-- only covered the loss in an annuity I didn't sell. I did sell out one annuity early on valuation
or I would be under rather than just even.
I'm retired and got too much time to krill.
I'm killing time before it kills me.
Was sitting with about 10% in cash of my investments over the last 6 months or so because it seemed like all the stock brokerages were pretty skittish looking for something to negatively react to with how long the bull market had continued. Finally turned out to be Coronavirus. I’ve been buying some every day it has been going down. Just a little bit for the first few days of small or medium drops and bigger chunks for lager drops. I do almost exclusively index funds. I’ve put in about 7% of the cash I had into index funds.
Just my thoughts... I don’t see large lacking fundamentals in the markets in general. Maybe some companies are a little too debt ridden for my preference, but nothing like the 2008 mess in the housing market. Because of that, I don’t see the markets dropping much below what they were yesterday. There will be some lacking results from most companies in the first two quarters this year as a result of the Coronavirus, but companies should be back to normal after all of this is over. I fundamentally believe the stock market will continue to go up over the long haul with a long way to go to retirement for me, so I’m not trying to play too many games. I’ll let the beauty of compound interest/gains do the work.
Just my thoughts... I don’t see large lacking fundamentals in the markets in general. Maybe some companies are a little too debt ridden for my preference, but nothing like the 2008 mess in the housing market. Because of that, I don’t see the markets dropping much below what they were yesterday. There will be some lacking results from most companies in the first two quarters this year as a result of the Coronavirus, but companies should be back to normal after all of this is over. I fundamentally believe the stock market will continue to go up over the long haul with a long way to go to retirement for me, so I’m not trying to play too many games. I’ll let the beauty of compound interest/gains do the work.