The Dow, the Nasdaq and the S&P 500 all went down about 6% today. It is getting near time to think about buying but I do not think the flight to safety is over yet. This will be bumpy.
A Market Trifecta ( Non Political )
- Thread starter Narragansett
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As I approached 80, I went to all cash. I don't need ulcers at my age.
We've been in for decades and the market has been good to us. I'm not bailing out now....
This is probably a good time to invest. The last thing you want to do is buy high. Cash under the mattress will only go down in value.
This is probably a good time to invest. The last thing you want to do is buy high. Cash under the mattress will only go down in value.
GypsmJim
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During the Great Depression both of my Grandpas lost everything. While they were alive if I ever told them I bought stock they would have disowned me.
I bought my company's stock when they provided a huge match. As soon as I got the certificates I sold them. At a 50% match I was way ahead and had no worries.
My investments have always been guaranteed accounts and often a mutual fund. If the fund contained stocks I dunno, but if they were not performing to my liking I dumped them.
Now 10 years retired and still own no stocks. My monthly income provides a surplus. I DO understand that if I had played the market I would be far ahead. But I have a house that is paid for and no debts. We take 2 cruises each year. Two years ago I bought a brand new boat and this year a brand new Cadillac.
I'm satisfied with life. I DID work a lot, and the hard work is what made me successful.
I bought my company's stock when they provided a huge match. As soon as I got the certificates I sold them. At a 50% match I was way ahead and had no worries.
My investments have always been guaranteed accounts and often a mutual fund. If the fund contained stocks I dunno, but if they were not performing to my liking I dumped them.
Now 10 years retired and still own no stocks. My monthly income provides a surplus. I DO understand that if I had played the market I would be far ahead. But I have a house that is paid for and no debts. We take 2 cruises each year. Two years ago I bought a brand new boat and this year a brand new Cadillac.
I'm satisfied with life. I DID work a lot, and the hard work is what made me successful.
OP
Let's see if I were buying stock today, I would buy the DOW as a stock, and the S&P and the total stock market both as an index.
I own one stock today. Otter Tail Power in Fergus Falls, MN, They are strong and they split once. I am in the DRIP plan, and the dividends just buy more stock
I own one stock today. Otter Tail Power in Fergus Falls, MN, They are strong and they split once. I am in the DRIP plan, and the dividends just buy more stock
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Amen to that. At some point we quit worrying about the return on our money and start worrying the return of our money.
I’m staying in.if it recovers in a few years I’m happy,if I croak before then I won’t need it anyway lol
My IBM stock has taken a dump but as BTO said I will let it ride.
I'm down about 11% since February. I'm thinking wait for another 15% or so drop, then buy.
Bulls make money, Bears make money. Pigs get slaughtered. Stay the course, don’t get greedy.
I went to cash when I retired 4 years ago. It was nice getting 5% on it (still almost 4%), 7% from an annuity. I could live on my SS check alone but the "other $" makes it easy. Heck, the State of Florida bumped the "$5/mo for every year of service" to $7.50 (15.05 years =$112.88) direct deposit. Still a bit of "feast and famine" with dividends coming every 3 months and 6 months. I can afford "Fancy Feast" on special occasions.
Joe
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Sometimes a hold is as good as a buy…
To time the market you have to be right twice. It can't be done.
It can be done.
How else can politicians become multi-millionaires despite their salaries?
Well said. I'd give that a dozen likes if I could. I rode the stock market for nearly 50 years and did well with a conservative buy-and-hold approach. But I eventually got to a point where I knew I wasn't going to outlive my savings, and capital preservation became more important than capital acquisition. And that's when I went to all cash.
For the young whippersnappers under 70
on the Forum who can wait out a dip in the market, I agree the upcoming months may be a good time to buy.
Well, just wanna say, some whippersnappers persist into their '70s with optimism in the market, and in the country's future.For the young whippersnappers under 70
Better times ahead, I do believe. Just gotta be patient.
You got that right!
For Financial Advice
For Financial Advice:
1) Consult a few Market Analysts
2) Consult three astrologers and a Ouija board for equally accurate advice.
I am not selling.
Might buy some if we have a recession.
Bekeart
For Financial Advice:
1) Consult a few Market Analysts
2) Consult three astrologers and a Ouija board for equally accurate advice.
I am not selling.
Might buy some if we have a recession.
Bekeart
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- Apr 29, 2012
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I'm a big fan of hedging with options. Think of it as buying an insurance policy on your holdings. Just selling your stocks can have some real negative tax implications. Buy an index put option instead if you think things might be going south. All you can lose is the cost of the option.
If you get a pension of any sort (besides Social Security), then you are invested in the stock market. Every single pension fund in America has at least some of its money invested in the stock market.
Not to mention that every time the stock market goes up or down it affects the value of the dollars in your pocket, as well as the cost of all the goods you need to survive.
So if you think that what the stock market does won't affect you, you are wrong!
Not to mention that every time the stock market goes up or down it affects the value of the dollars in your pocket, as well as the cost of all the goods you need to survive.
So if you think that what the stock market does won't affect you, you are wrong!
