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.
Look at the long haul. Since 1980, the US economy has been through 5 recessions, over a dozen bear markets, yet in that time the S&P 500 has increased roughly 30 fold.
Stock market goes up stock market goes down if you can’t handle that fact one should be invested in something else.
Have to ride it out. I think it would be a mistake to sell. I remember all the doom and gloomers back in 2009 that sold and bought gold. They missed out
Is CVirus serious yes. But IO think a lot is hyped right now.
If you are in the market for the long term before you need the money, ride it out. You haven’t lost a penney unless you sell, and the markets should recover.
It will come back, probably before you’re ready to use any of it.
I’m triple leveraged, and it’s been brutal. I’m in for the long run, but part of me wonders if this isn’t manipulation by Soros & friends. Soros said he’d give up half his fortune to stop George W Bush from getting re-elected in 2004, and lefties are now wishing for the days of W by comparison.
Where were you when the market was going up?
My 401k stock price...
$94.38 as of 02-20-2020
$82.70 as of close today.
(inserting dirty words here)
IMPEACH! IMPEACH!
You ain’t the only one.
I am also down big, 7 figures in the last week. Looking at a 5-year NASDAQ chart, the downturn does not look too unusual. As far as bailing out, it may be time, but human nature is to sell at the bottom. I am currently riding it out.
Leftists don’t have that much to do with it, insofar as recent actions. Selling us out via the globalist trend and making a huge part of our economy dependent on China? Well....
When this is over, probably in April or May, the DOW and ALL other markets will explode!..................be ready..............
I moved everything into American energy the day after the president was elected, and it has paid off handsomely.
Over the last 3 days everything has gone down many thousands of dollars. I’m trying not to look at it every day. I am thinking back to the numerous times that the sky was falling (remember Y2K?).
I suspect in another month we are going to be shaking our heads, wondering why there was so much hype. I’ve seen it happen too many times.
If God has His hand on this president, then I trust God to take care of everything.
When this is over, probably in April or May, the DOW and ALL other markets will explode!..................be ready..............
I’m 68 years old. The Long haul is a little shorter for me LOL.
I don’t have a lot but what I do have is in vanguard Wellington and vanguard money market. I haven’t even bothered to look at it the last couple days.
You are beginning to realize the meaning of “risk tolerance”.
Can’t go wrong with real estate.
Me too. Brutal week.
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