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Message
How's everyone feeling about the stock market
Posted on 4/29/20 at 8:24 pm
Posted on 4/29/20 at 8:24 pm
I've been on the sidelines for a couple of months given that I'm retiring later this year. Things are looking relatively stable. Time to get back in, or wait another month or two?
Btw, I'm talking about money in Roth IRA's and other individual retirement accounts. All are invested in mutual funds.
TIA
Btw, I'm talking about money in Roth IRA's and other individual retirement accounts. All are invested in mutual funds.
TIA
This post was edited on 4/29/20 at 10:07 pm
20
Posted on 4/29/20 at 8:26 pm to L.A.
quote:
given that I'm retiring later
quote:you might want to speak with a financial advisor.
Time to get back in, or wait aanother month or tow?
No one here can give you sound advice based on your situation with the info you have provided
Posted on 4/29/20 at 8:29 pm to L.A.
not sure about your situation but I got back in way back. little by little. glad i did now. would have missed these gains. if it goes back down i have more money to get back in.
Posted on 4/29/20 at 8:31 pm to castorinho
Just looking for opinions. There are some knowledgeable people who post here
Posted on 4/29/20 at 8:33 pm to L.A.
quote:I don't disagree. Just saying one would need a better overall picture for valid as you're retiring soon.
There are some knowledgeable people who post here
Posted on 4/29/20 at 8:37 pm to L.A.
Start nibbling yesterday. Don't wait for the all clear signal, it will then definitely be too late just like every other time in history. Don't push all the chips in at once either.
Probably going to be a flat week or pullback coming next week if I had to make a call, market is going to have to take a breath unless more positive anti viral news comes in the short term. Im staying just as invested though, I think the daily up and down timing game is pretty much dwindling to an end.
Disclaimer, I dont claim to know what I'm talking about.
Eta: this really doesn't have anything to do with your situation and retiring but just how I'm "feeling about the stock market"
Probably going to be a flat week or pullback coming next week if I had to make a call, market is going to have to take a breath unless more positive anti viral news comes in the short term. Im staying just as invested though, I think the daily up and down timing game is pretty much dwindling to an end.
Disclaimer, I dont claim to know what I'm talking about.
Eta: this really doesn't have anything to do with your situation and retiring but just how I'm "feeling about the stock market"
This post was edited on 4/29/20 at 8:51 pm
Posted on 4/29/20 at 9:38 pm to Pendulum
I've been saying for weeks this market has to have a pull back but I've kept investing and and strictly setting stop losses
I've lost a good bit of potential gains by not letting money ride on purchases of PENN at 11 bucks OKE at 20 bucks and SSL at 3 bucks.
And I pussed out on mtdr at 3.35.
Basically, long term plays. Jump in or you will be looking back regretting waiting for the next little dip
I've lost a good bit of potential gains by not letting money ride on purchases of PENN at 11 bucks OKE at 20 bucks and SSL at 3 bucks.
And I pussed out on mtdr at 3.35.
Basically, long term plays. Jump in or you will be looking back regretting waiting for the next little dip
Posted on 4/29/20 at 9:48 pm to L.A.
Best time to buy was a month or two ago. Ive been crushing it the past couple months. I’m much further away from retirement so I have a very high risk tolerance.
If youre this close to retirement you may just want to wait until after the election to jump in
If youre this close to retirement you may just want to wait until after the election to jump in
Posted on 4/29/20 at 9:53 pm to L.A.
I’m going to put more on Friday 
Posted on 4/29/20 at 9:55 pm to L.A.
We going past the moon to MARS
Posted on 4/29/20 at 9:57 pm to L.A.
My $.02: Trump and the treasury have this market high on cocaine. They want this baby propped up for November elections
Posted on 4/29/20 at 10:07 pm to L.A.
Use some money you're not retiring on to pad your retirement with individual stocks you can sit on for a year or so. It's going to swing back down after today, but you'll still be ok. I'm up 40% today only.
PS. I don't know what the frick I'm talking about but it's what I'm doing.
P.p.s. bourbon helps you make good decisions.
P.p.p.s. Not really, but really.
PS. I don't know what the frick I'm talking about but it's what I'm doing.
P.p.s. bourbon helps you make good decisions.
P.p.p.s. Not really, but really.
Posted on 4/29/20 at 10:09 pm to Pendulum
quote:I'm leaning that way too
Start nibbling yesterday. Don't wait for the all clear signal, it will then definitely be too late just like every other time in history. Don't push all the chips in at once either.
Probably going to be a flat week or pullback coming next week if I had to make a call, market is going to have to take a breath unless more positive anti viral news comes in the short term. Im staying just as invested though, I think the daily up and down timing game is pretty much dwindling to an end.
Posted on 4/29/20 at 10:10 pm to AMS
quote:That is my dilemma. Thanks for your input
If youre this close to retirement you may just want to wait until after the election to jump in
Posted on 4/29/20 at 10:32 pm to L.A.
Investing anything more than a moderate dollar cost average at this point is suicidal. The chances of a market low re-test is very high and even at that point, patience will be your biggest attribute. This event will be long and very damaging. Dollar cost average your 401k or other investments and wait for Dow 18,000 to dump money in.
Your welcome...
Your welcome...
Posted on 4/29/20 at 10:36 pm to Ricky1962
quote:Thank you
Investing anything more than a moderate dollar cost average at this point is suicidal. The chances of a market low re-test is very high and even at that point, patience will be your biggest attribute. This event will be long and very damaging. Dollar cost average your 401k or other investments and wait for Dow 18,000 to dump money in.
Your welcome...
Posted on 4/29/20 at 10:52 pm to Ricky1962
Meh.
I can see a sharp pullback in May, but ultimately you are fighting the FED and that is a losing proposition. The amount of stimulus unloaded on this economy is unprecedented.
Plus, CV-19 has proven to be greatly overblown and the market has responded accordingly.
I can see a sharp pullback in May, but ultimately you are fighting the FED and that is a losing proposition. The amount of stimulus unloaded on this economy is unprecedented.
Plus, CV-19 has proven to be greatly overblown and the market has responded accordingly.
Posted on 4/30/20 at 12:06 am to L.A.
I expect another correction in the somewhat near future. However, I do think we hit the bottom late March. Still have 26+ Million on unemployment & plenty of companies could potentially close down after PPP funding runs out. I don’t expect us to propel out of this quickly, but as stated before the fed has really propped up the economy for the time being. Predicting the market is like catching a falling knife.
Posted on 4/30/20 at 1:10 am to Ricky1962
quote:
Ricky1962
.....parties with his mask on
Posted on 4/30/20 at 4:19 am to Dr Rosenrosen
Anyone who thinks CV-19 is overblown is clueless and clearly isn't looking at data. Unemployment is currently worse than the financial crisis. This market is high on the fed and hopes for a quick recovery. Not saying it isn't the nature of the market to front run the data but overblown is just wrong in so many ways.
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