Posted on 02/27/2020 2:25:45 PM PST by fightin kentuckian
Ugggh. I missed my opportunity to move my 401Ks from stocks to bonds, then back to stocks off the bottom. Could have added 30% I’m guessing. At the time I was in the hospital with flu, heart attack and quad bypass so I’m not that hard on myself for it.
What we’re going through now is way beyond the stock market. It’s not just the market that will tank, everything is going to tank. They are already talking about closing things down here because of decrease in tourist trade which will ripple throughout our economy.
Dude. I made a killing buying gold in 2008.
My thinking is that once the factories in China start humming again and the ships sail from port, then the stock market will start to rise. It is all about supply issues and frankly a very important issue...
So for the short term the world needs Chinese factories to re-open. In the long term, President Trump’s goal of de-coiupling from China has to be realized.
Of course travel, air and even oil will take a hit due to low demand. But with lower fuel prices that could spark even a more robust turn around...
And I know nothing about the markets...
See #52 and #99
You are beginning to realize the meaning of “risk tolerance”.
•••••
Maybe if someone gave a talk on risk management.
It’s a sell that’s when there’s a deal load up for the ride
“I’m 68 years old. The Long haul is a little shorter for me LOL.”
I’m 68, as well. My portfolio is pretty diversified; so, although I took a hit on some of my accounts, I wasn’t hurt at all on others. I have CDs, Money Markets, and other liquid assets, and I’m not going to touch the IRAs until I have to take the RMD in four years. My money will outlive me, so my wife should be set financially.
I made a mistake. I assumed since I wasn’t a panicked sheep, that there was no reason to panic.
Big Mistake.
There is no reason to panic over the virus, BUT there is a reason to panic over the OVER REACTION of easy to panic sheep (ie. a majority of people)
The panic hasn’t reached PEAK panic yet.. because no one in the US has died of it yet. We will reach peach panic soon after that happens.
I got out of the market this morning, and am watching everything waiting for sanity to return.
If you won't need the money for several years, let it ride.
If you won't need the money for a decade or more, PUT MORE IN NOW.
For some perspective: Today's S&P 500 close of 2,978.76 matches the close of the S&P 500 on October 14, 2019, when it closed at 2,966.15.
You've lost FOUR MONTHS of gain. Don't panic!
Unless you sell your stock, the losses are all unrealized paper losses. You can wait out the correction, expecting that the end of the epidemic and Trump’s reelection will result in a runup that restores lost market value.
Stay in.
I made a terrible mistake back in 2009.
The market will come back.
I am hoping I will not miss the ride back up this time.
This event is caused by politics, fear of a pandemic and a shadow government that works through the media and political figures who are pushing it to the max.
Don’t ride the Crazy Train!
Remember that it is a presidential election year.
Hang in there kentuckian. Look at the things that money can’t buy in the meantime. Enjoy them.
I just upped my stock percentage allotment of one of my IRAs last month.
I’m shooting for a late retirement in about 9 - 10 years so I’m riding it out.
There was going to be a correction sooner or later.
PM sent to you.
Are you retired.
What did you do with what you pulled out?
Just curious.
I am invested in an IRA but not in a particular stock but one of those combo platters the brokerage dreams up (a small cap, I think). I didn’t complain when the stocks shot up high so I am not going to complain now.
Other than businesses with direct connections to China (Wal-Mart, Apple), I have full confidence they will rebound once the virus has passed. I understand businesses and investors being cautious so I understand the downturn but it’s a temporary situation.
I don’t bother to look at my investments if I think it will depress me.
We just put in an order to add additional equities to our account
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