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mnhtnbb

(33,214 posts)

17. I'm one of the people who panicked 11/9/16

Fri Mar 1, 2019, 08:07 AM

Mar 2019

and pulled everything out of the market. I knew we were facing a shitshow with 45. Although I'm sorry to have missed that run through 2017 (I started getting back in fall 2017), I don't regret protecting my assets. And I bought heavily back in last December when the market tanked.

I'm retired and a widow. I only buy dividend producing equities. Those companies tend to hold value better in downswings. I'm not going to make a killing in any of those stocks, but that's not my goal. My investments are intended to produce income to augment my SS and pension (survivor's benefit) and preserve capital.

Because we sold our house before my husband died, I am able to hold 5 years worth of living expenses (what is needed in addition to SS and the pension) in cash. So I feel pretty confident I can ride out any market swings at this point.

As long as Dems control the House, I'm not worried about SS. If they hadn't taken control last November, my strategy might be different because I would be a lot more worried my benefit could be drastically changed by greedy Republicans.

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Anyone else thinking of pulling their money out of the stock market until after the next crash? [View all] Quixote1818 Mar 2019 OP

August to December 2018 Aussie105 Mar 2019 #1

Attempting to time the market is a fool's game. PoindexterOglethorpe Mar 2019 #2

Ordinarily I would agree but we are way overdue for a correction and most are Quixote1818 Mar 2019 #5

I thought the 4,000 point or so drop PoindexterOglethorpe Mar 2019 #7

Beware confirmation bias FBaggins Mar 2019 #32

I agree with this. I'm retired though. So perhaps my view is biased. KPN Mar 2019 #34

PoindexterOglethorpe is correct Homoudont Mar 2019 #19

I have considered it radical noodle Mar 2019 #3

Investing in stocks is foolish. briv1016 Mar 2019 #4

I'm investing all mine in hummus! PoindexterOglethorpe Mar 2019 #9

Nope. Can't time the market. look at a 20 year graph - the corrections look pretty minor. NRaleighLiberal Mar 2019 #6

Great response! phylny Mar 2019 #16

if you have your liquid asset needs in stocks, then yes...otherwise, no. Moostache Mar 2019 #8

I pulled out of equities last fall RainCaster Mar 2019 #10

What money? 🤷🏼‍♀️ LakeArenal Mar 2019 #11

Nope, I just contribute more when it goes down because it always comes back higher. madville Mar 2019 #12

Already did it last year. Trump is dangerous to the financial health of all of us little people. nt Hekate Mar 2019 #13

Took out some of it back in December. sinkingfeeling Mar 2019 #14

Unless you are about to retire and you can't handle risk....then HELL NO. nt UniteFightBack Mar 2019 #15

I'm one of the people who panicked 11/9/16 mnhtnbb Mar 2019 #17

I see this prediction every year. without fail. spanone Mar 2019 #18

Yes. or No. or Maybe. cbdo2007 Mar 2019 #20

If I've said it once, I've said it a dozen times: no one should look to DU for investment advice onenote Mar 2019 #21

Quess I missed the articles about most economists predicting a crash. GulfCoast66 Mar 2019 #22

We just ride any dips and there have been many. BSdetect Mar 2019 #23

Did already. Went to a 40/60 mix last November. Johonny Mar 2019 #24

We went to a 50/50 mix when orange man was elected. Canoe52 Mar 2019 #35

How much did that decision end up costing you? onenote Mar 2019 #36

Not a dime, turns out the mattress is rent free. Canoe52 Mar 2019 #37

There seems to be an underlying belief that buying stocks PoindexterOglethorpe Mar 2019 #25

That has tax implications MiniMe Mar 2019 #26

Yes Dem2 Mar 2019 #27

I haven't found anything that suggests most economists are predicting a crash by next year... Drunken Irishman Mar 2019 #28

too many factors here... if you are in companies that are not overbought, JCMach1 Mar 2019 #29

Don't bother timing the market. Put money in and don't look at it Recursion Mar 2019 #30

Bad idea Fiendish Thingy Mar 2019 #31

Then I'd have to pay capital gains and taxes on deferred income comradebillyboy Mar 2019 #33

And today the Dow closed up 110 points on the day, PoindexterOglethorpe Mar 2019 #38

Never bought anything in the first place: I have nothing to worry about. So, yeah. lindysalsagal Mar 2019 #39

yes, I am strongly considering. lastlib Mar 2019 #40