One hell of a dip! That's a flat out crash ...
Posted on 01/04/2021 9:37:43 AM PST by BradtotheBone
My late Grandfather had gold. FDR stole it because of the emergency.
Don’t kid yourself. The cops will do it now just as they did then.
I have a 10-15 year retirement horizon so I’m not too worried about a large pullback. I put the same amount every single month into my Roth IRA. Dollar cost averaging. Again, with a 10-15 year horizon I know things will come back.
Best to have a 6-9 month “emergency” cash fund at all times, or even more than that. And very important to lower one’s personal debt, preferably to zero. Some silver and gold can’t hurt either. Diversification!
I lost all of my gold, silver, guns and ammo in a tragic boating accident last summer. ;)
If you reread my post you will see I addressed that point.
yeah because “normal” people don’t have billions invested in 401Ks or IRAs...
Dow is about 30,500 today. 10% is 3,500. 20% is 7,000. A 20% slide would end up around 23,500. Very possible. October 26th, 2020 we were at 26,501, below your 10% estimate from today (27,000). March 16th, 2020 we were at 19,173 at a dip, well below my 20% estimate from today (23,500). Both slide scenarios are easily achievable if something crazy triggers a market slide.
I saw a report last week that most Americans have less than $1000 in savings, and have a debt burden. $1000 won't get you 6-9 months of survival in an emergency situation without income. We have no debt, and have been called crazy. Also very diversified, and have been called crazy. My sisters say "What are you going to do with money, you can't take it with you!". That's the state of affairs in our country, I'd rather be crazy than insane like others.
Sorry about my bad numbers, foggy mind today.
“Dow is about 30,500 today. 10% is 3,050. 20% is 6,100. A 20% slide would end up around 24,400. Very possible. October 26th, 2020 we were at 26,501, just below your 10% estimate from today (27,450). March 16th, 2020 we were at 19,173 at a dip, well below my 20% estimate from today (24,400). “
Unfortunately, our President has not prevailed and now it is likely the Dems will succeed in having him removed from office and/possibly arrested. That is one of their ultimate goals....but just a step along the way.
When that happens, what will the markets do then?
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