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Started By
Message
Should we be worried that the stock market is tanking today?
Posted on 8/5/24 at 1:49 pm
Posted on 8/5/24 at 1:49 pm
33
Posted on 8/5/24 at 1:52 pm to WildcatMike
Look at it as a buying opportunity.
Ill stick to what I always say, everyone needs to get out of debt and live more frugally.
Ill stick to what I always say, everyone needs to get out of debt and live more frugally.
Posted on 8/5/24 at 1:52 pm to WildcatMike
It's 6.3%. The Dow is 2.8% down. Grow a pair.
Posted on 8/5/24 at 1:53 pm to WildcatMike
its been tanking for the last 3 trading days. since the end of July, the dow is down some 2300 points. thats 5.5% +
today was just another day tbh.
today was just another day tbh.
Posted on 8/5/24 at 1:53 pm to WildcatMike
quote:
Welp, 401k fricked.
We need another 10% drop just to be even on the year lmao
Posted on 8/5/24 at 1:55 pm to JohnnyKilroy
quote:
401k
Should not worry if you’re in your 40’s and maybe even early 50’s. I would be more concerned about this if I was less than 5 years from retirement or in my early to mid 60’s.
Posted on 8/5/24 at 1:57 pm to WildcatMike
My 401k is unburdened by what has been.
Posted on 8/5/24 at 1:59 pm to WildcatMike
I’m not worried today. This is a liquidity event due to the yen spiking. If we weren’t near ATHs, there would probably be more buyers to pick up the assets sold to cover yen shorts.
The only thing it tells me is that there isn’t a ton of cash on the sidelines waiting to gobble up deals. People are waiting for lower or they’re cash poor. Someone with some data could probably find out which scenario is dominant and invest accordingly.
The only thing it tells me is that there isn’t a ton of cash on the sidelines waiting to gobble up deals. People are waiting for lower or they’re cash poor. Someone with some data could probably find out which scenario is dominant and invest accordingly.
Posted on 8/5/24 at 1:59 pm to WildcatMike
The NASDAQ has never been this low?
Posted on 8/5/24 at 2:03 pm to WildcatMike
401k fricked? sounds like a "you" problem hahahha.
mine still has 12 more years to go. I am agressive AF. I'll just up my percentage and finish maxing it out now while the market is lower. It will all work out over the next 12 years.
mine still has 12 more years to go. I am agressive AF. I'll just up my percentage and finish maxing it out now while the market is lower. It will all work out over the next 12 years.
Posted on 8/5/24 at 2:04 pm to Clint Torres
quote:
My 401k is unburdened by what has been
This one got me
Posted on 8/5/24 at 2:05 pm to WildcatMike
Seen it several times. I wouldn’t worry although it’s still a pisser.
Posted on 8/5/24 at 2:05 pm to WildcatMike
Think of it as reparations. If you own stocks you are privileged and you should reflect on that more often
Posted on 8/5/24 at 2:08 pm to el Gaucho
Truer words have never been spoken
Posted on 8/5/24 at 2:08 pm to el Gaucho
Aggies NIL collective taking a massive hit
Posted on 8/5/24 at 2:08 pm to WildcatMike
If you are in long term don't panic, in fact buy.
If you plan on retiring tomorrow you might want to push it back a little bit. But who fricking knows really?
I remember in 2008 there were 2 or 3 guys who I worked with who had planned on retiring at the end of the year. Actually there was another guy who retired the summer of 08 and then came back to work in November and stayed another two years (half the reason was because within two weeks of being retired there was no way he could stay home with his wife all day, even if he woke up before she did, left the house about 30 mins after she woke up and was in an out the whole day.. In other words, he said being at work all day was better than being around his wife throughout the day...lol).. But yeah, there were a few people who delayed their retirement.
By the time everyone is thinking about what to do and attempting to put some money into whatever everyone is saying "_______ is where your money needs to be right now" is about the time its too late. Right now everyone is saying gold because it has gone up and projected to keep going on. Thats the trap. Don't buy when its hot, buy before its hot.
If you plan on retiring tomorrow you might want to push it back a little bit. But who fricking knows really?
I remember in 2008 there were 2 or 3 guys who I worked with who had planned on retiring at the end of the year. Actually there was another guy who retired the summer of 08 and then came back to work in November and stayed another two years (half the reason was because within two weeks of being retired there was no way he could stay home with his wife all day, even if he woke up before she did, left the house about 30 mins after she woke up and was in an out the whole day.. In other words, he said being at work all day was better than being around his wife throughout the day...lol).. But yeah, there were a few people who delayed their retirement.
By the time everyone is thinking about what to do and attempting to put some money into whatever everyone is saying "_______ is where your money needs to be right now" is about the time its too late. Right now everyone is saying gold because it has gone up and projected to keep going on. Thats the trap. Don't buy when its hot, buy before its hot.
Posted on 8/5/24 at 2:09 pm to WildcatMike
I dont even know what 401k so whatever
Posted on 8/5/24 at 2:15 pm to WildcatMike
Everyone needs to calm tf down. It’s like everyone loves to panic now a days.
Posted on 8/5/24 at 2:16 pm to sta4ever
quote:
Everyone needs to calm tf down. It’s like everyone loves to panic now a days.
Now adays? Where have you been? People always panic.
Posted on 8/5/24 at 2:23 pm to WildcatMike
quote:
Should we be worried that the stock market is tanking today?
Not if you invested in gold.
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