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re: DJ down 550 today and over 1000 on the week, is it starting?

Posted on 2/5/18 at 12:41 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/5/18 at 12:41 pm to
quote:

I do. I just play around with a few thousand dollars. I'm just wondering under what conditions would a stock trading at $60 now, trades for less than that 5-10 years from now, would you make any money other than say a dividend. If it splits?


I am confused. Are you asking if you buy a stock for $60 and it goes down to $48, how would you make money?

BTW, splits do nothing to change the value of the investment.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36544 posts
Posted on 2/5/18 at 12:42 pm to
A split means nothing at all
Posted by Thib-a-doe Tiger
Member since Nov 2012
36544 posts
Posted on 2/5/18 at 12:43 pm to
What if when you bought it you invested the dividends back into the stock and bought more shares? Happens all the time.


By the way dividends reduce share price
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 2/5/18 at 12:45 pm to
quote:

I am confused. Are you asking if you buy a stock for $60 and it goes down to $48, how would you make money?



The point is you invest at all time highs. It remains all time highs. Your chances of losing money is essentially higher then at any other point in that stocks price. Investing at all time highs is your bet that price of that stock has no ceiling. How often does that happen?
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/5/18 at 12:46 pm to
All the time otherwise there would never be new all time highs.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36544 posts
Posted on 2/5/18 at 12:46 pm to
quote:

The point is you invest at all time highs. It remains all time highs.



You do realize that every all time high happens after there was previously an all time high, correct?
Posted by stout
Porte du Lafitte
Member since Sep 2006
179263 posts
Posted on 2/5/18 at 12:49 pm to
Ask people that sat on the sidelines when they thought Amazon was too high at $100, $200, etc
Posted by jerryc436
Franklin
Member since Jan 2014
588 posts
Posted on 2/5/18 at 12:53 pm to
I bought Amazon at 999.00. I regret not buying it earlier.
Posted by Latebloomer
Passing through
Member since Jul 2012
263 posts
Posted on 2/5/18 at 2:09 pm to
Down over 1100 now
Posted by southernelite
Houston, TX
Member since Sep 2009
53561 posts
Posted on 2/5/18 at 2:26 pm to
This is pretty crazy. Bought TVIX and was +28% one second, I went to take a piss, and then I was -5% by the time I got back.
Posted by TDsngumbo
Member since Oct 2011
49084 posts
Posted on 2/5/18 at 2:27 pm to
MOTHER frickER! I just noticed this.

I'm 32 years old. Should I go ahead and transfer my Vanguard S&P 500 index fund to a bond fund instead right now or should I just ride this out?

This is in my Roth IRA, FTR.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
94731 posts
Posted on 2/5/18 at 2:28 pm to
quote:

Is this the start to the correction?


It's a little bit of a panic - computer driven cycle at this point. Let's face it, the market, overall, was overbought - the numbers are so big, it looks gigantic, but even a 20% drop wouldn't be catastrophic - the tax cut money is about to hit paychecks, in a few months (at worst), we'll start up the next bull run.

Right?
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
46135 posts
Posted on 2/5/18 at 2:28 pm to
I’m not touching my IRA but I just sold out my S&P index fund that was essentially my emergency fund
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 2/5/18 at 2:30 pm to
quote:

It's a little bit of a panic - computer driven cycle at this point. Let's face it, the market, overall, was overbought - the numbers are so big, it looks gigantic, but even a 20% drop wouldn't be catastrophic - the tax cut money is about to hit paychecks, in a few months (at worst), we'll start up the next bull run.




Stick your dick in the ground and pray for rain.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/5/18 at 2:30 pm to
No. Don’t sell it.
Posted by TDsngumbo
Member since Oct 2011
49084 posts
Posted on 2/5/18 at 2:31 pm to
Forgive me, I'm not big into investing. I just have a Roth IRA with the majority of it tied to the S&P 500 index. I invest a bit each month into it and never really pay attention otherwise.

What's happening to cause this massive selloff? Should I be concerned? Should I make any adjustments?
Posted by Croacka
Denham Springs
Member since Dec 2008
61451 posts
Posted on 2/5/18 at 2:33 pm to
quote:

Should I make any adjustments?


buy the drop
Posted by Louie T
Houston, TX
Member since Dec 2006
36588 posts
Posted on 2/5/18 at 2:33 pm to
Just do what you’re doing and don’t worry about fluctuations. Absent luck, you’ll be better off in the long run by never touching it.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82043 posts
Posted on 2/5/18 at 2:35 pm to
WTF you aren't retiring tomorrow. Ride this shite out
Posted by TDsngumbo
Member since Oct 2011
49084 posts
Posted on 2/5/18 at 2:37 pm to
quote:

WTF you aren't retiring tomorrow. Ride this shite out

That's what I was thinking as well. I pulled what little bit I had in the market out in the crash of 2008 and I've regretted it ever since. It would've increased tenfold by now had I left it in back then. Don't want to make the same stupid mistake again.
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