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re: Second Worst S&P drop day in 10 years

Posted on 4/4/25 at 2:32 pm to
Posted by Dixie2023
Member since Mar 2023
3420 posts
Posted on 4/4/25 at 2:32 pm to
Because it’s dropping. At least I can keep what I have? All I’ve heard these past years is “Ive never recovered from 2008” (or whatever year it was) and I don’t want to experience that.
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/4/25 at 2:39 pm to
quote:

Because it’s dropping


That's a terrible reason to get out.

quote:

At least I can keep what I have?


Where do you think it is going to go if you just sit tight? If you are close to retirement, how agressive is your portfolio anyways? Is it your assumption that the market will be lower in 4 years than it is right now?

quote:

All I’ve heard these past years is “Ive never recovered from 2008” (or whatever year it was) and I don’t want to experience that.


From who? The market has recovered quite wonderfully from 2008. Unless, they were a nervous nelly and got out and then got back in after it recovered.

This post was edited on 4/4/25 at 2:41 pm
Posted by fallguy_1978
Best States #50
Member since Feb 2018
51451 posts
Posted on 4/4/25 at 2:40 pm to
The S&P was up big several years in a row after 2008 if you didn't panic sell or didn't own individual stocks of companies that went bankrupt. I owned one
Posted by Dixie2023
Member since Mar 2023
3420 posts
Posted on 4/4/25 at 6:35 pm to
A I’ll call Fidelity next week. I’m in a target date set up where they are supposed to it around as needed.
Posted by LSUDAN1
Member since Oct 2010
10183 posts
Posted on 4/4/25 at 8:21 pm to
Buy more when low and reap benefits when it goes back up and it will go back up.
Posted by tarzana
TX Hwy 6-- the Brazos River Valley
Member since Sep 2015
29275 posts
Posted on 4/4/25 at 10:11 pm to
The last two days I've heard nothing but sell, sell, sell. It's an orgy on the floor of NYSE. Now a radio broadcast out of Bendigo, Australia is talking about a GLOBAL downturn thanks to Trump's tariffs and the resulting worldwide reaction to them.
This post was edited on 4/4/25 at 10:12 pm
Posted by OTIS2
NoLA
Member since Jul 2008
51405 posts
Posted on 4/4/25 at 10:14 pm to
Do you make a habit of listening to idiots?
Posted by tarzana
TX Hwy 6-- the Brazos River Valley
Member since Sep 2015
29275 posts
Posted on 4/4/25 at 10:20 pm to
Bookmarked. Check back next Friday at about this time and we'll see the picture a lot more clearly. Monsieur Trump has bit off more than he can chew, and why? Markets and the general economy were going along swimmingly prior to all this tariff curfuffle.
This post was edited on 4/9/25 at 4:08 pm
Posted by ApexHunterNetcode
Member since Aug 2023
593 posts
Posted on 4/4/25 at 10:30 pm to
quote:

I’m pretty sure that market manipulation is a criminal act.


LOL. Sure, unless you die everyone who should be investigating. Also, notice how every major tweet/comment/press conference is normally outside market hours? Insiders have been positioned for months
Posted by ApexHunterNetcode
Member since Aug 2023
593 posts
Posted on 4/4/25 at 10:31 pm to
quote:

Now a radio broadcast out of Bendigo, Australia is talking about a GLOBAL downturn thanks to Trump's tariffs and the resulting worldwide reaction to them.


Right. That's economics.
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/4/25 at 11:33 pm to
quote:

A I’ll call Fidelity next week. I’m in a target date set up where they are supposed to it around as needed


How about don’t call them. If you’re in a target date fund, just hold your fricking water

The only way you lose money is if you sell. Your asset right now is shares. It’s not the money. You’re concerned about losses. You have no losses until you sell. You don’t sell on dips, you buy.
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/4/25 at 11:34 pm to
quote:

The last two days I've heard nothing but sell, sell, sell


I’m sorry you surround yourself with people who give terrible information.

What’s your cost basis right now? Is it above or below the current market level?
This post was edited on 4/4/25 at 11:57 pm
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/4/25 at 11:35 pm to
quote:

Bookmarked. Check back next Frida




Maybe high yield savings accounts may be more your speed?
Posted by Florida_Man1981
Member since Jan 2024
394 posts
Posted on 4/5/25 at 12:09 am to
I enjoyed the last two days - we've been well overdue for a correction.

People that entered the market after 2009 think double digit returns with no down years is the norm. Time to learn.

Been sitting on cash since January dropped it into SWPPX at $78.15 we'll see how it goes.
Posted by Dixie2023
Member since Mar 2023
3420 posts
Posted on 4/5/25 at 7:33 am to
Ok. It’s just stressful. I recently increased my withholding percentage and increasing again on May 1. Maybe I should push up May to get in while low. Thanks for your encouragement.
Posted by OTIS2
NoLA
Member since Jul 2008
51405 posts
Posted on 4/5/25 at 7:45 am to
quote:

Bookmarked. Check back next Friday


Let’s do check in periodically. But fairness would dictate we go longer than a week, correct? I’ll bump periodically for you.
Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/5/25 at 8:51 am to
Just remember, your goal is long term. Getting in and out when things get choppy is the opposite of your strategy.

The amount of shares you currently have, have not changed. It sucks seeing the projected $ value, but what you are accumulating are shares. Keep letting them accumulate. Unless you started investing a few weeks ago, I can guarantee your account is still a net positive. Thinking it lost money because you’re comparing it to some arbitrary recent time is a silly thing to do.
Posted by tarzana
TX Hwy 6-- the Brazos River Valley
Member since Sep 2015
29275 posts
Posted on 4/5/25 at 10:47 am to
quote:

welcomed buying spree

Why should anyone buy worthless stocks? What sectors other than AI or healthcare related stocks have any upside whatsoever?

This forecasted "buying spree" reminds me of a time back in the early 1980's when the economy sucked, inflation was out of control, and interest rates were shockingly high. People were crafting QUITCLAIM deeds on their homes, and investing in "penny stocks" was all the rage!
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38370 posts
Posted on 4/5/25 at 10:50 am to
quote:

All I’ve heard these past years is “Ive never recovered from 2008”



Who the hell are you talking to?

Posted by GoCrazyAuburn
Member since Feb 2010
37362 posts
Posted on 4/5/25 at 10:56 am to
quote:

tarzana




This post was edited on 4/5/25 at 10:58 am
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