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Getting into the Stock Market right now
Posted on 10/24/16 at 10:26 pm
Posted on 10/24/16 at 10:26 pm
Do y'all believe it is a good or bad time to get into the stock market right now? Or do y'all believe in not trying to time the market if I plan on buying and holding these stocks for 5+ years. I'm young, this would be my first stock investments
16
Posted on 10/24/16 at 11:30 pm to tigerforever7
cannot time the market. might as well pick an entry point and get in..
Posted on 10/24/16 at 11:31 pm to tigerforever7
Always buy the bottom
Posted on 10/25/16 at 4:50 am to tigerforever7
The markets have been hovering at their all-time highs for several months. IMO, we're due for a major correction in the near future. I agree about not trying to time the market but at the same time I would be hesitant about dropping a lump sum into stocks only to see it lose half its value overnight. A better strategy would be to begin dollar cost averaging, i.e., investing a fixed amount on a regular schedule regardless of market ups and downs. This is a solid approach to long-term investing.
Posted on 10/25/16 at 6:20 am to tigerforever7
Yes it is a good time for your time frame. High probability we rally into the end of the year leading to higher highs. I'm thinking the higher highs don't happen until after the election.
Posted on 10/25/16 at 7:49 am to Layabout
quote:
we're due for a major correction in the near future
Please be more specific. By what date would you consider "near future" to no longer be accurate? And what constitutes a "major correction"?
Just so I'll know when to bump this thread.
Posted on 10/25/16 at 8:11 am to Layabout
quote:
The markets have been hovering at their all-time highs for several months. IMO, we're due for a major correction in the near future. I agree about not trying to time the market but at the same time I would be hesitant about dropping a lump sum into stocks only to see it lose half its value overnight. A better strategy would be to begin dollar cost averaging, i.e., investing a fixed amount on a regular schedule regardless of market ups and downs. This is a solid approach to long-term investing.
Goodness, we've already had a correction this year. Guys like you will never stop with this garbage. The guy is young, just buy OP. Even if there is a correction at this point it will be back up within a couple months.
Posted on 10/25/16 at 8:13 am to tigerforever7
You're young. The market will go up and down. Just keep buying.
Posted on 10/25/16 at 8:49 am to tigerforever7
Yes. No. Maybe. The truth is that nobody on a message board can give you an answer with certainty. Doc Fenton, IG, and I have issues with the economy and/or stock market. Doc has laid out his reasons; I've mentioned a few various issues but haven't gone into detail. The Vanguardians/Bogleheads will tell you to just go ahead and buy index funds and dollar cost average. LSURussian will speak in witty clichés and quotes that are worth putting thought into. Some folks will tell you they're nervous about the market but may not be able to explain why. Baldona seems to get upset if someone doesn't think the market isn't all sunshine and bunnies. And some people are either undecided or haven't really given their opinion.
So here's the best advice I can give you: make a decision that will allow you to sleep at night even if the negative outcome happens.
So here's the best advice I can give you: make a decision that will allow you to sleep at night even if the negative outcome happens.
Posted on 10/25/16 at 9:05 am to baldona
quote:
Even if there is a correction at this point it will be back up within a couple months.
The last major correction took five years for the market to return.
Posted on 10/25/16 at 9:22 am to Layabout
Time in the Market>>>>> Trying to time the Market
Especially as a young investor.
Especially as a young investor.
Posted on 10/25/16 at 10:49 am to tigerforever7
Does your income level make you eligible for a ROTH? Because if so, and you don't have one, I think that becomes the controlling factor of what you should be doing.
Posted on 10/26/16 at 11:03 pm to Layabout
quote:
I agree about not trying to time the market but at the same time I would be hesitant about dropping a lump sum into stocks only to see it lose half its value overnight.
If you are holding for the long term; it doesn't matter if you bought the day before a 50% drop. Emotionally it would suck, but logically it doesn't. As long as you don't sell, you still own the same # of shares. Eventually the market will recover and you haven't lost anything.
If you're reinvesting dividends and putting new money as well then that's even better. You're buying more shares per dollar. If you have a long way to retirement; then corrections/crashes are actually good in the long run if you don't panic. That's why I always recommend people hold at least 20% bonds. If a crash happens, you can re-balance and take advantage of the lower price.
Consider the worst case scenario. You are the world's worst market timer.
https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/
Even with this bad luck, you would still come out ahead if you don't sell.
This post was edited on 10/26/16 at 11:04 pm
Posted on 10/31/16 at 10:05 am to b-rab2
I completely agree it's pointless to try and pick the best moment to begin investing. It's better IMO to be invested than not to be. Buy in over time and continue the course regardless of short term outcomes is my advice.
Posted on 10/31/16 at 10:09 am to tigerforever7
It's not market timing that builds wealth, it's time in the market.
Posted on 10/31/16 at 11:26 am to tigerforever7
I don't believe in timing the market -- I've got several different periodic automatic investments set up, but personally I'll suggest waiting until a week from Wednesday (i.e. the 9th) to start investing. Just in case.
This post was edited on 10/31/16 at 11:29 am
Posted on 10/31/16 at 12:38 pm to tigerforever7
Its always a good time to invest a part of your income and not blow it and have lifestyle creep over the years. Highly suggest to buy total market index funds both stock and bond. This should keep costs of investing down. In the long term, capturing the aggregate market return minus cost should be the goal.
Posted on 11/1/16 at 9:55 am to tigerforever7
Buy on earnings dips
Posted on 11/1/16 at 10:49 am to tigerforever7
BETTER SAVE FOR OBAMACARE SON!!!!!!
Posted on 11/1/16 at 5:16 pm to gpburdell
quote:
If you are holding for the long term; it doesn't matter if you bought the day before a 50% drop. Emotionally it would suck, but logically it doesn't. As long as you don't sell, you still own the same # of shares. Eventually the market will recover and you haven't lost anything.
Well not exactly. If you buy the day after a 50% drop you would have twice as many shares as if you bought the day before the 50% drop. That's a lot better.
I agree you can't time the market, but if you luck into some good timing it can make a huge difference.
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