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Is it time to sell everything and take advantage of this bear market?

Posted on 11/12/18 at 11:39 am
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10405 posts
Posted on 11/12/18 at 11:39 am
Are we still in the middle of the largest correction since the Great Recession?
Posted by castorinho
13623 posts
Member since Nov 2010
82036 posts
Posted on 11/12/18 at 11:53 am to
Re-read what you just wrote.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10405 posts
Posted on 11/12/18 at 12:06 pm to
I'm not sure what the issue is. There are unlimited options during a bear market.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/12/18 at 12:19 pm to
I would only sell if you think the market will continue to go down. But that’s just me.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10405 posts
Posted on 11/12/18 at 1:07 pm to
Thank you for the first legit response.

What are you guys doing with your stocks?
Posted by fallguy_1978
Best States #50
Member since Feb 2018
48606 posts
Posted on 11/12/18 at 1:18 pm to
quote:

What are you guys doing with your stocks?

I'm holding. I've realized over 20 years of investing that I'm not smart enough to time the market. Buy the big dips and reinvest the dividends is essentially my strategy.
This post was edited on 11/12/18 at 1:49 pm
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 11/12/18 at 2:32 pm to
1. We are not in a bear market
2. I have been a net buyer of stocks during the downturn.
3. This “correction” is essentially over. The lows are basically in. The rally train is about to leave the station.

Assuming, naturally, some black swan event doesn’t happen.
Posted by ItzMe1972
Member since Dec 2013
9807 posts
Posted on 11/12/18 at 2:38 pm to
Let me check my crystal ball.

Answer: Nobody knows.
Posted by Morty
Member since Feb 2018
2252 posts
Posted on 11/12/18 at 3:32 pm to
Sure because predicting the future of the market is easy
Posted by kc8876
Member since May 2012
2940 posts
Posted on 11/12/18 at 4:04 pm to
quote:

I'm not sure what the issue is


That’s the problem
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1576 posts
Posted on 11/12/18 at 4:19 pm to
Just based on how this question was phrased, I'm guessing the answer is no.

However, if you had a plan of how you are playing it with targets and rules, possibly. Not to be critical, but it doesn't sound like you have it that well thought out yet... You can't be buy and hold and a trader, that's what people are referring to that will end poorly.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89552 posts
Posted on 11/12/18 at 4:35 pm to
I'm holding and continuing to buy as steadily as I can - dollar cost averaging is smarter than 95% of investors (including me) and never has to rely on luck.

I'm 20 years out from my retirement window - I'll be moving to more fixed investments and cash equivalents when I'm between 36 and 60 months out from retirement.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72734 posts
Posted on 11/12/18 at 5:31 pm to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72734 posts
Posted on 11/12/18 at 5:37 pm to
quote:

I'm 20 years out from my retirement window -



ahh so you retiring at 67? i may do same. i know i could retire sooner but i still have huge goals i want to meet and i will need to keep going. I just want ability to retire sooner should i change my mind on those goals. everybody i see says retire as early as possible you won't regret it. I guess unless you need all the SS money you can get then you need to hold off.
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36763 posts
Posted on 11/12/18 at 5:56 pm to
I dont think I've ever sold everything.... if I did how would I make money when market moved down or worse back up
Posted by Lou Pai
Member since Dec 2014
28126 posts
Posted on 11/12/18 at 6:19 pm to
Posted by makersmark1
earth
Member since Oct 2011
15893 posts
Posted on 11/12/18 at 7:37 pm to
People tend to sell at the bottom and buy at the top.

Stay the course unless you need the money within 5 years.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89552 posts
Posted on 11/12/18 at 9:50 pm to
quote:

ahh so you retiring at 67?


Older. I have a fantastic job.

quote:

i know i could retire sooner


My first real window is at 60. That would be right about a 6-figure retirement income.

quote:

but i still have huge goals i want to meet and i will need to keep going.


Yes. If my health starts to dip earlier than 70, then I'll go earlier.

quote:

everybody i see says retire as early as possible you won't regret it.


This may very well be true for those people, but you still need something to do - and that something costs money, usually. You have more time to engage in expensive hobbies, so I think most folks underestimate how much they need in retirement. I'm going to be in Forever House within 30 months, likely, and it is going to be expensive.

So, I project retiring relatively older, but very well.
Posted by Morty
Member since Feb 2018
2252 posts
Posted on 11/12/18 at 10:52 pm to
I will say this is the most sensitive market I can recall 20 years. 3% drop in a week and people freak out and are predicting doomsday.

The original poster himself thinks we are in a bear market. A bear market is a 20% correction.

Facebook seems to have a lot more headwinds then tailwinds that’s my only got
This post was edited on 11/12/18 at 10:55 pm
Posted by keakar
Member since Jan 2017
30048 posts
Posted on 11/14/18 at 1:07 pm to
there will always be winners and losers with individual stocks, but right now, and for the next few years, the market as a whole will go no where so its best to take profits and move into safer stocks with solid dividend returns.

the market is going to be flat or declining as the democrats start undoing as much of the things that causes the markets to go up as they can and start trying to raise taxes.

we will not see 26k dow until the dems are projected to lose power in 2020 so lock in your gains and go safe
This post was edited on 11/14/18 at 1:10 pm
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