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.
This is the price of freedom. Ride it out. At worst, you’ll probably have to shift to a cheaper bourbon in the meantime. Think about, most of us older investors have been through this kind of thing before.
Looking at my 401(k) and IRA from a YTD and last 6 months standpoint: I am only down $1000 since December 31 and up $9000 since August 31.
I did take some money out of individual stock market investments earlier this week.
Things that make you go hmmmmmmmm
China wouldn't do anything like that, now would they? /s
“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.”
Gen. Blather, thanks that actually helped bring me down a few notches. Great advice. I’ll definitely have a couple of bourbon shots after work. BTW I’m a gov contractor as well.
Ya still have the shares! Come on man.
I’m not selling so I ignore it.
Buy more stock. Put more money into it. NOW is the time investors invest. Cowards cash out and take the loss, wimps just complain about it.
Please keep the facts to yourself lest you spoil the conspiracy parties :).
We’ve been through this before. Ride it out.
Dividend paying stocks aren’t sexy but generally safe over the long term.
I AM an older investor. Take my RMA every year but I don’t count on it for necessities fortunately. I am riding it out as I have the last several times.
“ My 401k stock price...
$94.38 as of 02-20-2020
$82.70 as of close today.
(inserting dirty words here)”
Which stock would that be? And what was it’s price 2/20/19?
The Market will rebound.
You say the last few weeks and yet the market was at a high less than a week ago. You want to beat a liberal but I’m not sure of the connection between that and the coronavirus. You might want to do a little more studying before investing.
I hate liberals too but I look at facts when investing. If you are that nervous then perhaps you should put your money in CDs
Things are different today....Mao Tse Tung's successors are far,*far* more dangerous today than Mao ever dreamed of being.And it's all because we wanted to pay $2 for a light switch instead of $2.25.
“ Can’t go wrong with real estate.“
May I remind you of 2008?
Sorry, I disagree as the knife is still falling! Now is the time to MONITOR. Wait with your cash, look for the up-tick, watch for the first up-ticks to reverse down a couple of times. Don't try to buy the bottom, let others get itchy.
If your chosen security looks solid and moves up against selling, THEN BUY with 25% of intended buy. Keep looking and if confident buy with 50%. It will over perform and then correct downward. When it starts up again, commit the rest.
Especially look at the options as a bell-weather, they are the fast money. Best wishes for profit. Remember to be charitable with your profits!
105.28 per share. A year ago.
CFR
If you get out any of the Vandgard mutual funds then they will not let you buy back for a month.
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