| Posted by | Message |
LaFBfan 
Washington Fan
Baton Rouge
Member since Jan 2013
651 posts
| So are people putting their money back in the market? (Posted on 3/7/13 at 2:07 pm)
are we over the worst times? since the dow hit a new high, we have to be over the shitty times huh? Ive held onto a chunk of change in a savings account for a few years now...good news is I havent lost a nickel...but I really am thinking of diving in soon...and who are some good firms in the BTR area?
|
| Back to top | Share on  |
Chad504boy 
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
64692 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 2:37 pm to LaFBfan)
you supposed to put in during the bad times not the good times.
|
| Back to top | |
jmtigers 
Southern Miss Fan
1826.71 miles from USC
Member since Sep 2003
3210 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 2:57 pm to Chad504boy)
Or you can put in all the time.
|
| Back to top | |
Vols&Shaft83 
Tennessee Fan
Member since Dec 2012
3110 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 3:17 pm to LaFBfan)
quote:
are we over the worst times? since the dow hit a new high, we have to be over the shitty times huh? Ive held onto a chunk of change in a savings account for a few years now...good news is I havent lost a nickel...but I really am thinking of diving in soon...and who are some good firms in the BTR area?
Probably haven't gained a nickle either. Meanwhile, if that money had been in the market 3 1/2 years ago when everyone was shitting their pants and jumping off balconies, you'd have an accumulated return of around 55%. STOP WATCHING THE NEWS
|
| Back to top | |
ItNeverRains 
LSU Fan
Franklin, TN
Member since Oct 2007
4580 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 3:22 pm to Vols&Shaft83)
quote:
Probably haven't gained a nickle either. Meanwhile, if that money had been in the market 3 1/2 years ago when everyone was shitting their pants and jumping off balconies, you'd have an accumulated return of around 55%. STOP WATCHING THE NEWS
Being 37 I agree. But had I worked 40 years, retired, and lost 55% of everything I contributed over 40 years, the balcony looks a little more tempting
|
| Back to top | |
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
3110 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 3:33 pm to ItNeverRains)
quote:
Being 37 I agree. But had I worked 40 years, retired, and lost 55% of everything I contributed over 40 years, the balcony looks a little more tempting
I see your point, but I'm gonna play devil's advocate here.
If people had contributed for 40 years, they didn't lose 55% of their contributions, maybe 55% of their gains (if they had shitty advisers). And, within a year, they would have re-cooped around 30%. And now, even with inflation, would be back to almost where they were before the crash, assuming they continued to take the same distributions. If they left it alone, they'd be at all time highs.
|
| Back to top | |
ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
4580 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 3:37 pm to Vols&Shaft83)
Semantics on contributions vs gains, but losing even 35-40% of what you thought you had saved & now switching to a fixed income lifestyle is a huge scary kick in the gut.
Of course now it looks fine, hindsight is always 20/20.
|
| Back to top | |
foshizzle
LSU Fan
Member since Mar 2008
25080 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 4:02 pm to LaFBfan)
Never left the market.
|
| Back to top | |
elposter 
Alabama Fan
South Carolina
Member since Dec 2010
4750 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 4:03 pm to LaFBfan)
quote:
held onto a chunk of change in a savings account for a few years now...good news is I havent lost a nickel
You kind of have. Inflation and lost opportunity costs and all that.
quote:
but I really am thinking of diving in soon
Certainly a risk that you are buying high right now, but it you are young and want to buy and hold for the long term at some point you just have to get in.
|
| Back to top | |
Maniac979
LSU Fan
The Great State of Texas
Member since Jan 2012
400 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 4:17 pm to LaFBfan)
(no message)
This post was edited on 3/13 at 4:45 pm
|
| Back to top | |
RedStickBR
LSU Fan
Member since Sep 2009
9073 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 4:27 pm to Vols&Shaft83)
How many "advisers" do you know who had the foresight to pull people out of the market in 07/08?
This post was edited on 3/7 at 4:28 pm
|
| Back to top | |
Vols&Shaft83
Tennessee Fan
Member since Dec 2012
3110 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 4:42 pm to RedStickBR)
quote:
How many "advisers" do you know who had the foresight to pull people out of the market in 07/08?
Did I say they had the foresight to pull people out of the market in 07/08?
Would a decent adviser inform an investor that the WORST THING to do during a stock market crash is to panic and sell?
Occupy My Balls
This post was edited on 3/7 at 4:44 pm
|
| Back to top | |
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63154 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 5:21 pm to LaFBfan)
quote:
So are people putting their money back in the market?
I started putting my money back into the market in February, 2009
|
| Back to top | |
StrangeBrew
LSU Fan
Salvation Army-Thanks Obama
Member since May 2009
11482 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 7:54 pm to LSURussian)
quote:
I started putting my money back into the market in February, 2009
Man that was spot on!
|
| Back to top | |
LawLessTyGer
LSU Fan
Bay of Ponchartrain
Member since Jan 2009
560 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 8:16 pm to LSURussian)
I have been on the sideline minus a few minor investments I made in late '09 :
Still awaiting the next correction, and wondering it will ever happen 
|
| Back to top | |
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63154 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 8:19 pm to LawLessTyGer)
This thread is evidence that people are starting to get greedy again. After I saw it earlier today I sold some major holdings. I'm never 100% cash but I am about 70% cash as of today.
|
| Back to top | |
LawLessTyGer
LSU Fan
Bay of Ponchartrain
Member since Jan 2009
560 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 8:23 pm to LSURussian)
I'm ready for another one of your all in moments, thinking I just might ride your coat tails 
|
| Back to top | |
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
63154 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 8:32 pm to LawLessTyGer)
I may have used up all of my luck with that February, 2009 prediction! But even if I did, it was a very profitable lucky call.
|
| Back to top | |
LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
20469 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 8:56 pm to LSURussian)
Right now, 100% of my 401k is in a 2045 Retirement Target Fund. I think I may reallocate half into a money market account within the 401k for a while.
|
| Back to top | |
slackster
LSU Fan
Houston
Member since Mar 2009
4572 posts
| re: So are people putting their money back in the market? (Posted on 3/7/13 at 9:36 pm to LSUtoOmaha)
quote:
Right now, 100% of my 401k is in a 2045 Retirement Target Fund. I think I may reallocate half into a money market account within the 401k for a while.
Why?
You are 32 years away from the target date of that fund. Why would you try and time the market right now? Are you retiring tomorrow? When will you get back into the market? If you have a fool-proof system, I'm all ears...
|
| Back to top | |
