You're only losing money if you sell, not when the market drops.
Is it time to worry about the stock market?
- Thread starter black4vcobra
- Start date
I just got a great deal on this shit called Enron.
This. Pull now and re buy at the right time and make a killing, Miss it and you get killed.
This was inevitable. The market has been waaaaay overbought for years, now, IMHO. I hope we get to the bottom of this cycle fast, so my portfolio has time to rebuild before retirement.
Regardless, I still have at least 15 years until retirement, so my investments aren't going anywhere.
Regardless, I still have at least 15 years until retirement, so my investments aren't going anywhere.
Unlike 2007-2008 I dont have a sense that people are panicking or sense that there is some fundamental breakdown of the economy. It sucks for sure, but the feeling I get is one of being an inevitable correction.
Literally no reason why companies like Apple should have a valuation at over a trillion dollars. Literally ****ing none. There are people and entire divisions at stock firms that look for ways to exploit the market. Some legally some not legally. What better than make a stock look like its value is climbing sky high by investing in it? because you get other lemmings to feel confident its the hot stock to get on. Then when it makes the return youre looking for, absolutely dump the stock, which starts a sell off and the Lemmings absolutely shit themselves. Of course, since you are the one making the initial sell off decision, there is no pain on your end.
Literally no reason why companies like Apple should have a valuation at over a trillion dollars. Literally ****ing none. There are people and entire divisions at stock firms that look for ways to exploit the market. Some legally some not legally. What better than make a stock look like its value is climbing sky high by investing in it? because you get other lemmings to feel confident its the hot stock to get on. Then when it makes the return youre looking for, absolutely dump the stock, which starts a sell off and the Lemmings absolutely shit themselves. Of course, since you are the one making the initial sell off decision, there is no pain on your end.
I re-allocated my portfolio in late august to go heavy into fixed income funds to ride out what I believed was going to be a crashing market. I plan to allocate back into equities when the market hits certain thresholds.
While the market always does bounce back I have temporarily started focusing on bond related mutual funds. We recently sold a home and walked away with a descent amount of money. We decided to put it in a bond fund because eventually we would like to use the money for another home. Last thing I wanted to do with our equity we made is to be aggressive and then we decide to buy a home and we lost a good percentage of it. We do have aggressive mutual funds and out TSP is aggressive as well and those are down roughly 20k-25k, but like many others have stated I'm just going to keep contributing to it monthly and it will bounce back.
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^^Bingo!
What Barry said. The Fed raising the rates screwed us all a little. Hopefully the correction comes sooner than later and we can continue with more winning!
My Fidelity funds tanked in 2008, lost 50% value, then in 10 years it rebounded HUGE, and recently the bottom has been falling out again. Since i'm gonna retire in about 10 years I'm gonna buy when the Dow goes under 20K, hell the Nasdaq will be under 6K real soon. Buy shares low.
This is pure 100% truth, but aggravatingly difficult for our brains to fully grasp. Money is too tied to emotion.
If it goes down into the mid teens I might take a home equity loan and buy some.
It’s still way ahead of the high in 07 of 14.1. It’s still above 16 close of 19.7.
If it gets into teen buy big.
If it gets into teen buy big.
Alot of good info in this thread.
For what its worth, i sold off one of my big holdings (verizon) when it hit an all time high of $60 a few weeks ago.
I am a BIGTIME buyer in the coming weeks though.
With the exception of a very strong economy, The market definitely reminds me of ‘08 right now-which is when i picked up 500 shares of home depot for $18 and change, as well as ATT and Verizon for dirt cheap too.
No need to panic and sell right now.
For what its worth, i sold off one of my big holdings (verizon) when it hit an all time high of $60 a few weeks ago.
I am a BIGTIME buyer in the coming weeks though.
With the exception of a very strong economy, The market definitely reminds me of ‘08 right now-which is when i picked up 500 shares of home depot for $18 and change, as well as ATT and Verizon for dirt cheap too.
No need to panic and sell right now.
Bro its all about living fast,dying young and leaving a good looking corpse
I know nothing about stocks or the market but this country should be worried. Housing, auto loans, student loans, essential costs of living, debt.....it's all wildly out of control. Too many people are trying to get rich quick off the essentials of living. The same people that told me I was in idiot for believing that in 2006 are saying the same thing now. It's coming.
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