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re: anybody worried about stock market going down tomorrow

Posted on 2/22/20 at 9:23 am to
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 2/22/20 at 9:23 am to
quote:

@jaydeertay84 (funny, btw), I'm sorry, but your questions don't have much to do with my point. Of course the market has recovered. However, for 2000-2013, your returns were 0%. Including two drops of 50-56%.


Holy date cherry picking. I am not even going to get into that.
quote:


The bottom in 2009 would have been a fantastic time to get in. My argument had nothing to do with the market never recovering (not sure about the Goldman article, which now I have to go back and read). I'm suggesting we're closer to 2000 than 2009 in terms of valuation of the market and being unwilling to consider that it could fall - maybe in 6 months, maybe in 2 years, who knows? - but going into that with a firm stance on "I will never reallocate my portfolio to be less than 100% stocks" is a real bad idea. That well ingrained thought process is going to hurt people who may not be as risk tolerant as all of you are.

You likely will come out ok after 5-6 years, by why not have an exit plan an make it 12-18 months?


In 2008-2009, you know, there was a reason for the crash.


Do you know what the reason is now? "it just cant go higher". Like WTF lol. People have been screaming about a recession since Trump took office.

Now the flu is going to cause it?

Odd, I dont see the worlds leading economy tanking.

Sure, China could get hit HARD, but IMO, all that means is the US come out even stronger.

I'm 35. I am going to grab this bull and hold on.

quote:

"I will never reallocate my portfolio to be less than 100% stocks"


I disagree. I think ETF's are a solid way to be invested early in life.
This post was edited on 2/22/20 at 9:28 am
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1583 posts
Posted on 2/22/20 at 8:31 pm to
I missed this one...

quote:

Do you know what the reason is now?


Yes. Debt. When is my only variable.
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