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In reply to the discussion: Don't look at your 401K... DOW down 1100+ AGAIN. [View all]WarGamer
(12,439 posts)59. We don't appear to be at a bottom... I'd wait.
Wait until we can see the effect of increased Fed Fund rates and of the Q3 GDP comes in negative which would be the official "RECESSION" definition.
I haven't touched our long term investments, they'll be fine when we will start drawing from them, in around 8-10 years...
But my daily trading account is 100% cash, I rarely hold a position overnight. It's just too risky. Back in 20/21 I'd be options contracts with an expiration a month out and hold for as long as necessary to hit my profit target. But today... that'd be a disaster.
So I go in and out... 2-3 trades a day.
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I have been trying really hard to avoid anything regarding the markets recently
nevergiveup
May 2022
#7
It was never intended to pay a livable benefit by itself. Maybe it should but it doesn't.
totodeinhere
May 2022
#14
It's just a current news story being shared amongst (mostly) like minded folks...
WarGamer
May 2022
#50
Anyone with an IQ over 60 knows that a POTUS has little control over such things...
WarGamer
May 2022
#44
when interest rates rise, stocks go down. and major retailers are hurting from supply chain issues
Demovictory9
May 2022
#42