Stocks go up, stocks go down. It’s what they call a “market”, not a savings account. Overall stock growth has offered the best return available anywhere and the smart investors will ride this out just as we have in the past. And we will be fine.
Wish I lived in your world of bliss!
IMVHO thing are about to get apocalyptic around the globe. The “market” is rigged and those who haven’t prepped are about to discover some very harsh truths.
I pray everybody has at least a month or two worth of cash/food/water on hand.
Better yet....read, memorize, and accept John 14:6 and John 5:24 as more factual than today’s DOW report.
That's part of the problem. Those folks with IRAs and 401Ks have come to believe it is an account that they can rely on.
Did you see this article from today?
Millennials Don’t Trust Stock Market, Goldman Sachs Poll Shows
Us Boomers need the Millenials to put their fewer and fewer available dollars into the markets in the near term. If they don't, the market will react as a ponzi scheme.
It depends on your age.
If you are young, sure, riding it out makes sense.
If you are old, well you should have been out of the market years ago because you will not live long enough to recover what you lost.
As part of my retirement planning I got out of the market ten years ago. While it is true I have not made much over the years, but then I have not lost it all either (except for inflation)
We are living in some strange times and I don’t think anyone really knows what is going on. There are some powerful forces playing games with the average person. Who ever comes out ahead in all this perhaps should be looked at more closely.