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re: anybody worried about stock market going down tomorrow
Posted on 2/22/20 at 8:02 am to tigersfan1989
Posted on 2/22/20 at 8:02 am to tigersfan1989
What are you talking about? Nobody said anything about timing a recession 12-18 months out.
It may seem a bit complicated for your strategy of ‘I’ll just buy more soon’ but there are other ways to do it that don’t involve 35-50% drawdowns multiple times in a working career.
Your way is fine though if it works for you. My point, repeatedly, has been *most* people can’t successfully navigate these drawdowns by sitting on their hands and not get hurt in the process. Good for you if you can, but scoffing at people who are questioning the narrative isn’t helpful.
It may seem a bit complicated for your strategy of ‘I’ll just buy more soon’ but there are other ways to do it that don’t involve 35-50% drawdowns multiple times in a working career.
Your way is fine though if it works for you. My point, repeatedly, has been *most* people can’t successfully navigate these drawdowns by sitting on their hands and not get hurt in the process. Good for you if you can, but scoffing at people who are questioning the narrative isn’t helpful.
2
Posted on 2/22/20 at 8:30 am to UpstairsComputer
This is almost too perfect (check the timestamp on the article) CNBC Buffet Article
Sounds like a certain greatest investor ever can't find anything that isn't overvalued for his $135B in cash. That dummy must be market timing. Good enough for me.
quote:
...will make “equities the much better long-term choice for the individual who does not use borrowed money and who can control his or her emotions,” Buffett said.
The investing legend, however, offered a big caveat to his prediction: “Anything can happen to stock prices tomorrow.” He noted that occasionally, “there will be major drops in the market, perhaps of 50% magnitude or even greater.”
quote:
Buffett lamented once again in the letter that Berkshire has still not found an attractive acquisition target to spend the company’s massive cash hoard on.
Sounds like a certain greatest investor ever can't find anything that isn't overvalued for his $135B in cash. That dummy must be market timing. Good enough for me.
Posted on 2/22/20 at 12:02 pm to UpstairsComputer
Maybe I misunderstood you at first. So do you feel that buying into s&p index funds and staying 100% stocks is a sound financial plan in the long run if you have the tolerance to wait it out through down turns?
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