SHIT !! Triggered 10% down on open !! People, park your money ... don't just "ride" through this

[uponit7771]

Last edited Mon Mar 16, 2020, 10:08 AM - Edit history (1)

SHIT !! Triggered 10% down on open !! People, park your money ... don't just "ride" through this ... you can unpark when things get better.

Note: the last 3 30% dips took 6 years to get back to par on the DOW ... not par on your money ... par on the index ... be smart and worry less about getting the 5 - 10% up on a smaller amount worry about losing 20% down on the larger amount.

Regards

[Cattledog]

1. Took 2 seconds to shut down!

[exboyfil]

2. Dumped all equities Friday

That may have been the last chance to head for the exits.

[Bengus81]

3. Yep...DOW down 2250 at the opening....SOB

[cwydro]

4. There're people cheering this on.

Right here on this site.

[MoonlitKnight]

5. We had an 11 year bull market

The quicker this unwinds the quicker we get back to moving back up.

[uponit7771]

6. If a person hasn't parked their money by now then what else can people do? We've had tons of

... warnings to get out and sit in cash, the fed inverted end of last year !!

[roamer65]

25. I am.

Buy low, sell high.

That’s capitalism.

[MichMan]

26. People here cheering this on while people retirements are wiped out

Fucking disgusts me why some people would revel in the economy tanking. Undoubtedly many will lose their jobs, and homes. I bet they loved 2008.

Probably have little retirement savings of their own, so they think other people's getting wiped out is funny.

[cwydro]

27. Spot on.

[Johnny2X2X]

7. It will come back

I've changed my mix, but right now I think it's just prudent to ride this out. If you're investing for the long term this is a blip.

[uponit7771]

8. I agree, change the mix to park funds ... no need to ride out 30% downturns.

[AlexSFCA]

9. if you are decade or more from retirement

now it’s not the time to make changes, don’t look at your 401k, ride it out. It will go up to 29k over a year or two. Countries will be successful in combating the virus in 2-3 months. Once we are pass the peak, the market will start going up. Not the time to panic people!

[uponit7771]

10. I 100% disagree with riding out 30% dips, it doesn't matter what age the person is they

... don't get back time and that's more of a commodity to humans than money.

The last 3 30% dips took 6 yrs to get back to par ... people don't have that kind of time any longer.

[AlexSFCA]

17. if you are at pre-retirement age, most should be in money markets/bonds

the little they have in stocks, still leave it there, they plan to be in a retirement for over a decade, I hope. If retirement age folks have most money in stock - that was and decision, unfortunately. And still, leave it there! You will be taking distributions over the next 20+ years! plenty of time.

[uponit7771]

19. True for retirement folks, safe money is best. For those in their 20s the DOW doesn't bounce back

... to par quickly after these 30% dips.

20% of their investing life getting back to par doesn't help them

[wryter2000]

11. Park?

What does that mean?

[uponit7771]

12. Put money into bond funds or FDIC backed money markets or something were you're not counting

... on gains but slowing or stopping losses.

The last 3 30% dips took 6 yrs to get back to par ... par, not making money ... just par.

People shouldn't "sit out" 30% dips any longer

[wryter2000]

13. Thanks

My 401k is in a very conservative fund. I think I’m as okay as anyone can be.

[uponit7771]

15. Good for you, when did you move to conservative? We did last quarter of last year

... when the fed inverted.

thx in advance

[wryter2000]

23. Fidelity did it for me

A long time ago. The closer I got to retirement, the more conservative the investments became. I worked for a really great employer. If I'd worked at most places, I'd have had to work until I died at my desk.

[uponit7771]

24. lol ... So true

[Raven]

14. What are your qualifications to be giving this advice?

[uponit7771]

16. Half of my career in money on the digital side, I can see the money moving ...

... and now what the industry is fighting on the macro level because of the last generation of volatility.

That's a whole nother conversation though

I don't have any industry certifications

[Ilsa]

18. Dow hit 12% down very briefly.

Still over 10% down now. S&P at almost 10% down.

[AlexSFCA]

20. still short of 20% daily hit (1987)

but honestly, who cares about daily. Weekly makes more sense.

[Amishman]

21. when we hit 27k, I moved everything out of stocks

I missed that last 10 percent of the bull run, but I'm glad I did it.

Market was too far inflated above historical P/E and P/BV ratios. Didn't think the drop off would be this abrupt though.

[lindysalsagal]

22. I was never in.

Sleep is important to me.