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Selling is only gonna continue....it's a big bad Bear (Original Post)
pbmus
Dec 2018
OP
smirkymonkey
(63,221 posts)1. K&R
AJT
(5,240 posts)2. I really wish I knew what to do. I am retired. I am 40% in the stock market
do I keep there? This sucks.
pbmus
(12,422 posts)4. Stay...unless you need it for income...
AJT
(5,240 posts)6. No, I don't need it. I have a livable monthly income.
pbmus
(12,422 posts)8. Stay stay stay....good for you..good planning
Johonny
(20,818 posts)3. I yanked in September
StarryNite
(9,437 posts)5. I think that was smart.
Volaris
(10,266 posts)7. Yeah. Im in no way trained to think this, but the following seems like a good idea:
Get out now and hang into the cash. When bank stocks collapse again, buy that shit cause you KNOW they're gonna get ANOTHER bailout, right?
When Citi collapsed, that stock was down to 25 cents a share. Five grand would have got you 20000 shares...
You do the rest of the math for post-bailout heh.
Adrahil
(13,340 posts)9. Pulled my daughter's college fund out in Sept. NT