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Started By
Message
re: How's everyone feeling about the stock market
Posted on 4/30/20 at 5:45 am to L.A.
Posted on 4/30/20 at 5:45 am to L.A.
You missed an opportunity to trap some nice dividends from solid companies that would have really helped provide you with a great lifestyle in retirement.
The world appears to end roughly every 5 years, but if you have a basket of quality companies it is nothing you can’t survive.
I think your decision to get back in depends on how much income you will be needing from your portfolio and how much cash you can source outside of retirement accounts for the next 12 months.
You can’t control what the market does or what a virus does. It sounds like you are trying to make decisions based off of factors you have no control over. That’s why I’m encouraging you to look at income and your projected cash flow. That way- your money can work for you! :-)
The world appears to end roughly every 5 years, but if you have a basket of quality companies it is nothing you can’t survive.
I think your decision to get back in depends on how much income you will be needing from your portfolio and how much cash you can source outside of retirement accounts for the next 12 months.
You can’t control what the market does or what a virus does. It sounds like you are trying to make decisions based off of factors you have no control over. That’s why I’m encouraging you to look at income and your projected cash flow. That way- your money can work for you! :-)
This post was edited on 4/30/20 at 5:52 am
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Posted on 4/30/20 at 6:22 am to Tigers4life
quote:
Anyone who thinks CV-19 is overblown is clueless and clearly isn't looking at data. Unemployment is currently worse than the financial crisis. This market is high on the fed and hopes for a quick recovery. Not saying it isn't the nature of the market to front run the data but overblown is just wrong in so many ways.
No one thinks the self-imposed economic shutdown was overblown, it was very real. The reason we shut down? definitely up for debate, which has a direct impact on recovery of demand.
I just don't see how a slower than expected recovery can crash us. How does that data hit us all at once? We already got the worst headline stories as far as unemployment and gdp that we will get unless the virus gets worse which all signs are pointing to no on that currently. I'm not saying we are going much higher either, I just think we aren't going very far in either direction very fast from here. I've posted that I believe the range imo is 2650-3000 for a couple of weeks now, which would indicate we need a slight leg down to maintain this saw tooth range.
Posted on 4/30/20 at 6:43 am to Pendulum
quote:
CV-19 has proven to be greatly overblown and the market has responded accordingly
No clue if the market will crash and I trade in both directions. Just disagree with the post above I responded to but I do think the market has disconnected a bit from reality here. My targets are also higher from here but measurements only and not based on the state of the economy.
Posted on 4/30/20 at 7:00 am to L.A.
Wishing I'd of bought some Valero a month/half ago.
Posted on 4/30/20 at 7:36 am to Tigers4life
quote:
isn't looking at data.
Good work, but to parrot this line properly you're supposed to say, "the data."
Posted on 4/30/20 at 11:44 am to L.A.
I think you missed some of the best getting already. No time like the present. But I'm 30ish years away from retirement.
Most of my plays have been to buy blue chip stocks that went on sale and hold for years to come.
I know, we got a dangerous one over here
Most of my plays have been to buy blue chip stocks that went on sale and hold for years to come.
I know, we got a dangerous one over here
Posted on 4/30/20 at 12:11 pm to L.A.
You either want to invest or not. I don’t time my investments. I make my investments long term. If I have the money today I invest it regardless. That has been my approach at DOW 30k or DOW 18k. Just my 2 cents.
Posted on 4/30/20 at 12:14 pm to Ricky1962
quote:His what?
Your welcome...
Posted on 4/30/20 at 12:44 pm to tigersfan1989
quote:Same here. But one year out from retirement I have less time to recover from a downturn, so I'm being a little more cautious
I don’t time my investments. I make my investments long term. If I have the money today I invest it regardless. That has been my approach at DOW 30k or DOW 18k. Just my 2 cents.
Posted on 4/30/20 at 12:52 pm to L.A.
At the very least, whatever you do, keep several years of expenses cash that way you’re not having to sell equities at discounted prices in order to eat and drive your car..which can really kill a retirement plan.
Posted on 4/30/20 at 1:51 pm to jimbeam
True dat
Posted on 4/30/20 at 2:10 pm to L.A.
Market is trying to break out now which would lead to further moves up. There seems to be good momentum for it but don't think its the rally that takes us back to all time highs.
I'm not one to always go by the sell in May go away mantra but this may be one of those summers. I'll probably start lightening up towards the middle of May. If this breakout fails then sooner than that.
I'm not one to always go by the sell in May go away mantra but this may be one of those summers. I'll probably start lightening up towards the middle of May. If this breakout fails then sooner than that.
Posted on 4/30/20 at 2:21 pm to CajunTiger92
I’m newer to investing. Can you explain what you mean by ‘sell in May go away’?
Posted on 4/30/20 at 2:50 pm to skewbs
quote:
I’m newer to investing. Can you explain what you mean by ‘sell in May go away’?
Sell in May and go away is an old saying that warns investors to sell in may because the summer months aren't usually the best to expect a rally. I don't typically subscribe to it.
Posted on 4/30/20 at 4:03 pm to L.A.
sold some shares today. i think it will start slowing from here unless there is really good news on the virus front.
This post was edited on 4/30/20 at 4:05 pm
Posted on 4/30/20 at 4:03 pm to L.A.
I’ve been in the last 3 weeks. I sold some a good bit today. When Amazon, Apple, and Tesla start selling off, the rest of the market will follow. Just feel like it’s ran a little much at this point.
Posted on 4/30/20 at 5:49 pm to L.A.
quote:
I've been on the sidelines for a couple of months given that I'm retiring later this year. Things are looking relatively stable. Time to get back in, or wait another month or two?
I'm like 3 years from being able to tap retirement funds with no penalty, yet have gone from 50% equity when all this shite started to 60% now. I have never been at a 0 equity position from when I started in my 20's. I also have taxable bigger than retirement, so tax cost would likely be higher than a biggg market drop if I sold. If I did sell out in IRAs etc I would have a decisive plan to start redeploying cash back in, ie 20% drop on down. Your still at a point below 2020 highs, so I would consider investing in areas that have shown improvement and don't have shite like $19 barrel of oil hanging overhead. VIG, or its fund equivalent has pretty strong company constituents. You could even buy preferred stock ETFs etc if you want less risk. Just trying to help.
Posted on 4/30/20 at 6:28 pm to L.A.
quote:
I've been on the sidelines for a couple of months given that I'm retiring later this year.
Not sure that I understand. You mean that you liquidated and went to cash a couple of months ago, or you stopped devoting new money to your equity mutual funds?
As far as whether or not you should get back in now, since you mentioned that you're retiring soon, and also that the last downdraft caused you to move new (or all) money to the sidelines, from a risk tolerance standpoint, I think that you've answered your own question.
Posted on 4/30/20 at 7:10 pm to L.A.
Seems a bit high to me based on everything going on. I sold some today, plan to get back in on some things I sold.
Posted on 4/30/20 at 7:16 pm to Jag_Warrior
quote:Cash and bonds. Still have about 25% of my portfolio in the stock market
Not sure that I understand. You mean that you liquidated and went to cash a couple of months ago,
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