Posted on 11/18/2013 8:14:17 AM PST by SeekAndFind
The Dow WAS at 11,722.98 by January 14, 2000, an ALL TIME HIGH THEN.
Which means that even using 2000 measures, we are still at an all time high.
Of course, after the DOT COM bubble burst, the index meanders, and then plunges nearly 40%, to a closing low of 7,286.27 on October 9, 2002.
DE JA VU?
Better put your stop loss limit orders now. Just in case history repeats itself.
At what point does she move you to cash? When you’re down 20%....30%.....80%...? Or is she ready to ride your account all the down to zero? Not trying to be snarky, it’s just that I’ve yet to meet one of those advisors that can satisfactorily answer that question for me.
Dollar hits new low.
Good for you!
There are thousands and thousands of individuals who got so freaked out when the market tanked in ‘08 that they sold everything for a loss. A lot of them ended up sitting out the recovery and made their losses permanent.
Having a good financial adviser helps you avoid making those kinds of mistakes.
My husband and I have been very successful investing on our own. We rode the market down in ‘08 and have ridden it back up to its new highs. We are 72% higher than our pre-’08 high.
I don’t have a lot of faith in the government. HOWEVER, I do have faith in corporations, especially large corporations. THAT is what we invest in. I figure that there will be a correction along the way, but we have sufficient money in cash right now to not have to sell anything. Moreover, if the market does go down, we are well positioned to get in on the sale prices of excellent companies.
I’ll ask her although I believe her answer is never. You can always reallocate and shift things to be safe(r).
Meanwhile, the Fed is rapidly closing in on $2.5 trillion in U.S. Treasury bond holdings. By comparison, China owns 1.3 trillion; Japan owns 1.2 trillion. The Fed also owns about $1.4 trillion in mortgage-backed securities. But it’s all good.
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