TURN THOSE MACHINES BACK ON!!!!!!!!..........
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.
It’ll get better..... just keep some COH simply because.
Time to buy. Stocks are on sale.
Don’t panic. It’s probably true that the virus will get worse and the market will go down further. But take the long view. The reason the market if flying so high is trump has reset the environment in which it lives. He is reducing the worst drag on our economy and that is government interference.
I wish I wasn’t fully invested as this is a great buying market.
Take a deep breath. Turn off the TV and the computer and go fix yourself a drink. Peace, brother.
Money market funds shouldn’t be down much, those are short term bonds. VWELX is down 4% this week, it is doing much better than the broad indexes.
Stock market goes up. Stock market goes down. It is life!
First of all you should only invest money that you won’t need for 5-10 years. Investing in the stock market is a long term venture — something where you invest 10-30% of your annual income over decades and let it grow. It’s planning for retirement when you can no longer invest.
So your age and planned retirement age factor into this. There would be a different answer if you are 30 vs 60 vs 80.
The market has been at all time highs. If you can’t stomach a 10% correction from these highs then you probably should not be invested in stocks.
This event is a gift horse buying opportunity. Not necessarily now but once it plays out.
Computer trading exasperating the swings.
Not only will the markets explode, but there will be a surge of manufacturing moving back to America. Drugs, supplies, etc. This is serving as a major warning bell.
“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”
Exactly. There is indeed political gamesmanship going on. The lefties and lefty media make is sound as if there have been 250K deaths we’ll never see another iPhone in America. This scare mongering is doing a lot to drive the market down. I want to grab a lib politician and “give them an attitude adjustment”.
Exactly. Apple, Big Pharma, all the car mfrs, will now have to find alternate sources...........at home...............
What we are experiencing is an overreaction to a temporary effect that will hurt short term earnings, exacerbated by program trading algorithms developed by inexperienced little whiz kids that don’t understand this. As soon as the adults take over and turn those machines off for awhile, things will recover quickly.
I agree and wish i would have always followed that advice. I tried to time the market in 2008-2009, did not turn out well.
You are beginning to realize the meaning of “risk tolerance”.
Hahaha, Yep!
We've had three cases of COVID-19 contracted in this country.
That's 1,000 points per case contracted.
SMH.
Now is the time to BUY BUY BUY. Bargains to be had and when it comes back, you’ll be like Warren Buffet. OK maybe not quite, but that’s what he’s doing.
My 3 brokerage accts at WF — 2 IRAs, 1 Equities & Fixed income — have only lost $16k since Monday. No biggie. It’ll all come back.
My loss is tempered somewhat by own a few gold based stocks and bear EFT's. So were my gains in the last six months.
Most of what I own has higher dividends than average and lower EPS ratios and betas because that is what I looked for the most.
TURN THOSE MACHINES BACK ON!!!!!!!!..........
It’s no one’s fault. It’s nature.
Ride it out. The components of our economy are incredibly strong. Even though this event , which is affecting U.S. business via supply chain side, has been rough, the market will rebound once this subsides.
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