Posted on 02/27/2020 2:25:45 PM PST by fightin kentuckian
Like many Freepers I have a significant IRA account in the stock market. The last couple of weeks have been absolutely brutal and I've watched my IRA shrink by.... A LOT. I'm dying to hit a liberal so damn hard right now. This is frustrating as all get out.
I'm torn, part of me says "ride it out, the market will come back, be cool. It'll turn around in a day or two" and another part of me thinks that this corona scare downturn isn't near bottom.
How are you Freeper, in the stock market, handling this? AND for you Freepers who keep your money in your mattress, thank you but keep your comments to yourself. I'm looking for constructive comments here.
PS - FWIW, I absolutely want to throw up when looking at the DOW, S&P and NASD. It’s BRUTAL, even though we are “only” down 13% or so from peak.
That said, the old expression..”buy when there’s blood in the streets. Sell when there’s euphoria” comes to mind.
The best time to buy is when prices are low. The best time to sell is when prices are high.
This is, of course, exactly the opposite of what most investors do. “FOMO” (Fear of Missing Out) means they buy when the indices are rocketing..and fear of things going “splat” in a huge way cause them to sell when things are dropping.
That said, I do wonder where the bottom is here. I suspect they “could” drive us into a bear market (20+% down from the peak), JUST TO HURT TRUMP. And THAT is an X-factor that “usually” does not exist in most investor’s buy and sell decisions..
I fear 2020 is going to be BRUTAL in terms of volatility, at least through the election. So, batten down the hatches..don’t look..and pray that the market can return to “normal” once the political wars are over.
Don’t.
What was it as of 08-11-2016?
Is it better today than it was back then?
We got jobbed big time ...bought a 2nd home in 2007. Still hasn’t caught up in price.
Got ya beat on that one..we bought our one and only house in 1999 and it's worth less today than the total $$ (house plus landscaping, deck, sprinklers, etc) we have in it.
Lead futures.
Hetty had that very rare approach, as did Rockefeller, of living like a miser early on, while eventually rising too the top-- investment wise. As much as I hate to type this, old Joe Kennedy was no slouch at picking up valuable real estate for a dime on the dollar-- after he pulled out of a shaky stock market in the late 1920's.
I cashed out Monday and I’m waiting for a bottom to jump back in.
If you have money in now, you could cash out and do the same. I don’t see it solidly heading up for at a few days.
The downturn in late PM started after Gov. Newsom noted that 8400 people are being monitored for COVID-19.
Look at it this way:STOCKS ON SALE!
What kinds of equities did you buy?
Start buying!
I bought XOM (Exxon/Mobil) and RDS.B (Royal Dutch Shell ADR). I added to existing positions. At the price now selling, the dividends are approaching 6-8%. XOM hasn’t missed a dividend in over 100 years, and Shell since 1947.
I added SO, D, XOM, and CVX today. I just put in 10% of my cash. Wish I put in 25%. If its down tommorrow, I’ll buy another 10% of the above.
just sitting there in the investment account
Relax. No bigger or more overpaid lemmings than traders.
Fear and Greed. Fear is having a moment. Greed will return.
Relax
SO’s been on fire the last year or so. First bought in 2016. Should have bought a lot more, lol.
Look at a stock market chart for the past 5 years. It remains way up!
It makes no sense to pick some random short period and worry about the performance.
Also, it is a retirement account. Who gets their house appraised every month? Unless you need to take cash out, most people never do.
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