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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSHIT !! Triggered 10% down on open !! People, park your money ... don't just "ride" through this
Last edited Mon Mar 16, 2020, 10:08 AM - Edit history (1)
SHIT !! Triggered 10% down on open !! People, park your money ... don't just "ride" through this ... you can unpark when things get better.
Note: the last 3 30% dips took 6 years to get back to par on the DOW ... not par on your money ... par on the index ... be smart and worry less about getting the 5 - 10% up on a smaller amount worry about losing 20% down on the larger amount.
Regards
Cattledog
(5,917 posts)exboyfil
(17,865 posts)That may have been the last chance to head for the exits.
Bengus81
(6,932 posts)cwydro
(51,308 posts)Right here on this site.
MoonlitKnight
(1,584 posts)The quicker this unwinds the quicker we get back to moving back up.
uponit7771
(90,348 posts)... warnings to get out and sit in cash, the fed inverted end of last year !!
Buy low, sell high.
Thats capitalism.
MichMan
(11,959 posts)Fucking disgusts me why some people would revel in the economy tanking. Undoubtedly many will lose their jobs, and homes. I bet they loved 2008.
Probably have little retirement savings of their own, so they think other people's getting wiped out is funny.
Johnny2X2X
(19,104 posts)I've changed my mix, but right now I think it's just prudent to ride this out. If you're investing for the long term this is a blip.
uponit7771
(90,348 posts)AlexSFCA
(6,139 posts)now its not the time to make changes, dont look at your 401k, ride it out. It will go up to 29k over a year or two. Countries will be successful in combating the virus in 2-3 months. Once we are pass the peak, the market will start going up. Not the time to panic people!
uponit7771
(90,348 posts)... don't get back time and that's more of a commodity to humans than money.
The last 3 30% dips took 6 yrs to get back to par ... people don't have that kind of time any longer.
AlexSFCA
(6,139 posts)the little they have in stocks, still leave it there, they plan to be in a retirement for over a decade, I hope. If retirement age folks have most money in stock - that was and decision, unfortunately. And still, leave it there! You will be taking distributions over the next 20+ years! plenty of time.
uponit7771
(90,348 posts)... to par quickly after these 30% dips.
20% of their investing life getting back to par doesn't help them
wryter2000
(46,076 posts)What does that mean?
uponit7771
(90,348 posts)... on gains but slowing or stopping losses.
The last 3 30% dips took 6 yrs to get back to par ... par, not making money ... just par.
People shouldn't "sit out" 30% dips any longer
wryter2000
(46,076 posts)My 401k is in a very conservative fund. I think Im as okay as anyone can be.
uponit7771
(90,348 posts)... when the fed inverted.
thx in advance
wryter2000
(46,076 posts)A long time ago. The closer I got to retirement, the more conservative the investments became. I worked for a really great employer. If I'd worked at most places, I'd have had to work until I died at my desk.
uponit7771
(90,348 posts)Raven
(13,899 posts)uponit7771
(90,348 posts)... and now what the industry is fighting on the macro level because of the last generation of volatility.
That's a whole nother conversation though
I don't have any industry certifications
Ilsa
(61,697 posts)Still over 10% down now. S&P at almost 10% down.
AlexSFCA
(6,139 posts)but honestly, who cares about daily. Weekly makes more sense.
Amishman
(5,559 posts)I missed that last 10 percent of the bull run, but I'm glad I did it.
Market was too far inflated above historical P/E and P/BV ratios. Didn't think the drop off would be this abrupt though.
lindysalsagal
(20,721 posts)Sleep is important to me.