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Index prices now equal to..

Posted on 3/12/20 at 9:39 am
Posted by truthseeker7
Member since Feb 2020
23 posts
Posted on 3/12/20 at 9:39 am
S-P Oct 2017

Dow July 2017

Nas Jan 2018

Alot of people in index. Most arent shrewd daily traders.
What are the stay invested folks thoughts on 2.5 years of nothing.
Posted by baybeefeetz
Member since Sep 2009
32591 posts
Posted on 3/12/20 at 9:42 am to
I have had a bunch of cash for years. Never kicked myself. Really need to come up with a plan for when to jump in.
Posted by ALTiger
Alabama
Member since Nov 2009
3082 posts
Posted on 3/12/20 at 9:42 am to
In retrospect, this will be a massive dip. Put that cash to work. Nibble nibble nibble day after day on those high div blue chip stocks that you love.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16857 posts
Posted on 3/12/20 at 9:43 am to
I know you are an alter, but I'll bite.

What would you have people do that aren't day traders? The stock market moves and they have to move with it. History states that the market will continue to go up over time. Not much else to do but wait. Sucks for people that are in retirement or about to retire, but it is better than nothing.
Posted by Quidam65
Q Continuum
Member since Jun 2010
20484 posts
Posted on 3/12/20 at 9:44 am to
I have 7 years and a bit over 9 months before retirement.

I'm good.

Had this been the last year of my work life, I would have moved it into our G Fund (which never loses value).

(Though if anyone can recommend good cheap brands of cat food to eat...)
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28257 posts
Posted on 3/12/20 at 9:47 am to
(no message)
This post was edited on 2/6/21 at 4:55 am
Posted by truthseeker7
Member since Feb 2020
23 posts
Posted on 3/12/20 at 9:51 am to
Me to with cash at the moment. Got out of market day 2.
Posted by BeeFense5
Kenner
Member since Jul 2010
42192 posts
Posted on 3/12/20 at 9:54 am to
Why do you think it’s funny to make fun of misfortune?
Posted by The Maj
Member since Sep 2016
30543 posts
Posted on 3/12/20 at 9:54 am to
quote:

Why do you think it’s funny to make fun of misfortune?


That fricker thinks the "market" is the corner market where he buys his forty's...
Posted by truthseeker7
Member since Feb 2020
23 posts
Posted on 3/12/20 at 9:57 am to
My point exactly. Take my sister. 59. 30 grand ira. sp500 index. She could have moved to money market but did not. I called her last week to say at least learn how to exhange your fund to cash. she did not and I wonder if the average 401k or ira owner has even that amount of technical expertise. Just want people to be informed. the stay in and keep buying mentality was just wrong imo.
Posted by The Maj
Member since Sep 2016
30543 posts
Posted on 3/12/20 at 9:58 am to
quote:

59. 30 grand ira.


If this is true, she sucks at life anyway... You should have taken better care of your sister...
Posted by Jake88
Member since Apr 2005
78094 posts
Posted on 3/12/20 at 9:58 am to
Trying to time the market is wrong too.
Posted by RolltidePA
North Carolina
Member since Dec 2010
5099 posts
Posted on 3/12/20 at 10:00 am to
quote:

What are the stay invested folks thoughts on 2.5 years of nothing.



Grow up. 2.5 years is nothing, that's short-term from an investment standpoint. Your view should be from a 10-30 year window.

Right now is one of the biggest opportunities you'll have for significant gains for a decade.

You don't have to be a day trader, you just need to not be a fool. Ride out the dips and buy during significant drop (like now).
Posted by imjustafatkid
Alabama
Member since Dec 2011
62665 posts
Posted on 3/12/20 at 10:01 am to
quote:

Sucks for people that are in retirement or about to retire, but it is better than nothing.


People that close to retirement should have the bulk of their investments in fixed asset or highly liquid accounts anyway.
Posted by OceanMan
Member since Mar 2010
22730 posts
Posted on 3/12/20 at 10:02 am to
quote:

What are the stay invested folks thoughts on 2.5 years of nothing.


This is a stupid question. The answer is in the question.
Posted by BugAC
St. George
Member since Oct 2007
56980 posts
Posted on 3/12/20 at 10:03 am to
quote:

What would you have people do that aren't day traders? The stock market moves and they have to move with it. History states that the market will continue to go up over time. Not much else to do but wait. Sucks for people that are in retirement or about to retire, but it is better than nothing.


I just looked at my 401k, and took a 23% hit so far this year. But..... with the prices so low, my continued reinvestment should mean more shares, and when the market goes back up to 29k range, i will have a huge gain overall this year.

Panic right now, is only good for buying. Because this virus is short term, it is minor, and it is being driven by the media. It's absolutely ridiculous the NBA cancelled its season because 1 guy got, what is the equivalent of the flu. Does anyone think he, or the Hanks' are in mortal danger? No. It's a new virus. And as one victim describes it, it is fever for a few days. That is it. It's essentially what my wife calls man-flu.
This post was edited on 3/12/20 at 10:04 am
Posted by tide06
Member since Oct 2011
20488 posts
Posted on 3/12/20 at 10:04 am to
(no message)
This post was edited on 1/16/21 at 5:08 pm
Posted by blueboy
Member since Apr 2006
63154 posts
Posted on 3/12/20 at 10:04 am to
Yep, it's a crisis situation. We'll have to make sure Trump gets re-elected during this trying time that he had no hand in creating.

Can't change horses in midstream. Thanks for making that clear.
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 3/12/20 at 10:04 am to
I got about 6.5% on dividends per year across a couple funds

So not for nothing at all
Posted by littlehandsjoe
Member since Mar 2020
227 posts
Posted on 3/12/20 at 10:04 am to
quote:

Grow up. 2.5 years is nothing, that's short-term from an investment standpoint. Your view should be from a 10-30 year window.


This is correct. Market timers are for the most part slack jawed neanderthals who underperform the market.

I should know - I was one in my 20s.
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