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Posted on 2/5/18 at 2:39 pm to TDsngumbo
quote:
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.
Good. Keep on doing this. There is a magical mathematical concept you're taking advantage of (whether you know it or not) - it's called "dollar-cost averaging" - how this works is that your investments, the way you've structured them - automatically buy more shares when the price is (relatively) low and fewer shares when the price is (relatively) high - without you or the guy making your investment even knowing the difference.
quote:
Should I be concerned? Should I make any adjustments?
No. Depending on your risk tolerance, you should remain heavily in securities (ETA: Of course I mean equities) until you are in a 60 to 84 month window prior to retirement - and then you should begin transitioning to cash equivalents or at least much flatter products if you want to take advantage of an expanding economy.
This post was edited on 2/5/18 at 4:50 pm
Posted on 2/5/18 at 2:48 pm to Ace Midnight
quote:
Ace Midnight
Very good advice. That's what I've always read and agree with. It's just hard to not get emotional and trigger happy with these huge selloffs and seeing my balance drop $1,000 a day.
Posted on 2/5/18 at 3:20 pm to TDsngumbo
Keep in mind that you are still way ahead assuming you’ve had your account since like september lr before
Posted on 2/5/18 at 3:42 pm to TDsngumbo
quote:
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.
Wait, you clearly admit at the end that you know you made a mistake from pulling out during 2008 and not getting back in fast enough and now you ask if you should do it again?
I saw lots of people pulling out ahead of brexit because “the markets were going to crash and burn” then I saw lots of people pulling out when trump got elected because “he’s going to be terrible for business and then the markets”. Like the poster above said, if you have a monthly contribution to a Roth/401k that just tracks the basic market like a S&P index or whatever, don’t touch it for 40 years and let it do its thing. Even factoring in the crash of 1929, you’ll come out ahead if you look at any point in history.
Posted on 2/5/18 at 3:42 pm to Thib-a-doe Tiger
quote:
Keep in mind that you are still way ahead assuming you’ve had your account since like september lr before
Yes, I've had it since 2011.
Posted on 2/5/18 at 3:52 pm to TDsngumbo
quote:the relatively older guys here will tell you that's nothing. Probably multiple people that post here who've "lost" 100k+ since Friday. Like he said, don't worry about it and keep investing
trigger happy with these huge selloffs and seeing my balance drop $1,000 a day.
Posted on 2/5/18 at 3:52 pm to Texas Gentleman
quote:
Even factoring in the crash of 1929, you’ll come out ahead if you look at any point in history.
The crash of Oct. 1987 was almost twice as bad as 1929.
DOW Jones
10/28/1929 -12.82%
10/10/1987 -22.61%
Today - 4.6%
Posted on 2/5/18 at 3:55 pm to EA6B
How did the average joe buy stocks in 1929? Go to the bank?
Posted on 2/5/18 at 4:16 pm to YoungManOldMan
Took a $3600 hit today. Just went more aggressive w my stocks at RJ from 65/35 to 80/20 last month. Ouch.
Posted on 2/5/18 at 4:37 pm to YoungManOldMan
quote:
How did the average joe buy stocks in 1929? Go to the bank?
In larger towns there were brokers, who somehow called or wired in the orders from their clients. I remember my Grandfather going to the bank to do something with stocks in the early 1960s, it was a small town, and maybe they had someone to handle orders, good question.
Posted on 2/5/18 at 5:27 pm to YoungManOldMan
quote:
How did the average joe buy stocks in 1929? Go to the bank?
There's a lot of shite I'm shocked was possible before the internet. The PITA involved was astronomical.
Posted on 2/5/18 at 10:59 pm to President
For clarification I was looking at selling funds in a 401k that I no longer fund and my Roth and leave the money in the settlement account.
Looking like I should have gone with my gut.
Looking like I should have gone with my gut.
Posted on 2/5/18 at 11:04 pm to GREENHEAD22
quote:The problem is that, in the long run that is a losing proposition
For clarification I was looking at selling funds in a 401k that I no longer fund and my Roth and leave the money in the settlement account.
Looking like I should have gone with my gut.
Posted on 2/5/18 at 11:07 pm to castorinho
How, if it settles out in a week I just pick back up the funds I was in. No money is lost. If it doesn't it just sits in the settlement fund until it finally starts to rebound and then I get back in.
This post was edited on 2/5/18 at 11:16 pm
Posted on 2/6/18 at 6:18 am to TigerstuckinMS
quote:
the pain soon passes
LINK
Except when it doesn't.
Keynesian excess is notoriously agnostic when it comes to borders, language, and culture.
Posted on 2/6/18 at 12:14 pm to GREENHEAD22
(no message)
This post was edited on 2/6/18 at 12:15 pm
Posted on 2/6/18 at 5:53 pm to GREENHEAD22
stocks on sale 
...remember, when there's blood in the streets, buy, when there's dancing in the streets, sell, be a contrarian! Or...just stay in course, the only thing you have control over is the fact that you are saving and the cost of investments.
...remember, when there's blood in the streets, buy, when there's dancing in the streets, sell, be a contrarian! Or...just stay in course, the only thing you have control over is the fact that you are saving and the cost of investments. 
Posted on 2/7/18 at 10:44 am to stonerolledaway
Yep!
It's raining cats & dogs outside, but it's all sunshine on my calls and equity longs bought on Monday.
I tried (unsuccessfully) to do the same thing back in '87, when the weak hands panicked. But back then, the average guy didn't have access to the trading tech that is common now. Plus now, the exchanges are better equipped to handle high volatility.
It's raining cats & dogs outside, but it's all sunshine on my calls and equity longs bought on Monday.
I tried (unsuccessfully) to do the same thing back in '87, when the weak hands panicked. But back then, the average guy didn't have access to the trading tech that is common now. Plus now, the exchanges are better equipped to handle high volatility.
Posted on 2/8/18 at 2:20 pm to foshizzle
Crash, baby, crash!
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