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So with markets down this much in two days

Posted on 10/11/18 at 7:06 pm
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 10/11/18 at 7:06 pm
I hope nobody here is panic selling and has extra cash to start buying when things settle down.

It's time like these when there's money to be made.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48976 posts
Posted on 10/11/18 at 7:07 pm to
quote:


It's time like these when there's money to be made.


It's times like these you give and give again
Posted by John McClane
Member since Apr 2010
36695 posts
Posted on 10/11/18 at 7:22 pm to
It’s times like these you learn to love again.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/11/18 at 7:25 pm to
Do I stay or run away?
Posted by Suntiger
BR or somewhere else
Member since Feb 2007
32966 posts
Posted on 10/11/18 at 7:31 pm to
It's times like these time and time again
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48976 posts
Posted on 10/11/18 at 7:34 pm to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 10/11/18 at 8:06 pm to
I bought today.
Posted by TigerDat
Member since Aug 2010
7630 posts
Posted on 10/11/18 at 8:19 pm to
I'll admit, I'm a total noobie to the stock market and dont know enough(barely anything) so I have been nervous watching my losses.

Trusting in my financial advisors to see me through this without too much lost
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/11/18 at 8:24 pm to
You will be fine.
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 10/11/18 at 8:29 pm to
It’s times like these I realize I picked a bad time to quit sniffing glue.
Posted by arkiebrian
NWA
Member since Nov 2006
4167 posts
Posted on 10/11/18 at 8:49 pm to
May get some AMZN tomorrow for the first time.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 10/11/18 at 8:56 pm to
quote:

I bought today.


I'm tiptoeing into stocks too.

I'm happy to say that I sold off a good bit of my bond fund component into durations < 3 years last week. The yield curve was ridiculous.
Posted by CivilTiger83
Member since Dec 2017
2525 posts
Posted on 10/11/18 at 9:14 pm to
quote:

I'll admit, I'm a total noobie to the stock market and dont know enough(barely anything) so I have been nervous watching my losses. 


Just wait until you see all the money you have socked away get cut in half and everyone around you is losing their jobs. And the words complete financial meltdown are bandied about. Oh and that home you just bought with a 10% down payment, is worth less than you owe on it.

If you can keep the course in such days, you will understand how difficult it is to stay the course when things look bleak.
Posted by LSUShock
Kansas
Member since Jun 2014
4917 posts
Posted on 10/11/18 at 9:41 pm to
I'm a part of this group, but anyone under I'd say 32 hasn't been hit in the face like this and it's most certainly coming. Scary knowing my family's financial situation isn't ideal right now.
Posted by TigerDat
Member since Aug 2010
7630 posts
Posted on 10/11/18 at 10:09 pm to
Well if it's cut in half, hopefully I can gain it back. I've got a good 30 + years before I need to use that money (hopefully)
Posted by timdonaghyswhistle
Member since Jul 2018
16304 posts
Posted on 10/11/18 at 10:24 pm to
Losing half of your winnings beats the hell out of winning half of your losings.
Posted by buckeye_vol
Member since Jul 2014
35239 posts
Posted on 10/11/18 at 10:28 pm to
quote:

Just wait until you see all the money you have socked away get cut in half and everyone around you is losing their jobs. And the words complete financial meltdown are bandied about. Oh and that home you just bought with a 10% down payment, is worth less than you owe on it.
I’m sure there are different versions, but this is a parable-like story about a cautious and responsible yet unlucky guy who made 4 investments at the worst possible time. It is a good reminder for the long-term investor when he’s getting nervous:

What if You Only Invested at Market Peaks?



quote:

Luckily, while Bob couldn’t time his buys, he never sold out of the market even once. He didn’t sell after the bear market of 1973-74 or the Black Monday in 1987 or the technology bust in 2000 or the financial crisis of 2007-09.
quote:

Even though he only bought at the very top of the market, Bob still ended up a millionaire with $1.1 million.
I didn’t backtest the math, but I pretty confident it’s correct. Regardless, it shows value of the “time in market” over “timing the market” perspective, although one can benefit from both, since you can try to put it in as soon as you can when you can, but that’s not always possible. So then you dollar cost average as well when that’s more reasonable, especially when it’s more beneficial during volatile periods.

And unfortunately it’s still too easy to be our own worst enemy.
This post was edited on 10/12/18 at 8:31 am
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 10/12/18 at 4:38 am to
Google “Dalbar study” for good info on investor psychology.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69915 posts
Posted on 10/12/18 at 6:10 am to
quote:

Well if it's cut in half, hopefully I can gain it back. I've got a good 30 + years before I need to use that money (hopefully)



You'll be fine. This is nothing. If we were down 20% on the year, and trending downward, and you were 3 months away from retirement, with no other assets or sources of income, ok then you could worry a little. If the market drops in half today, remember you have 30 years, and you'll be fine.

Personally, if the market did drop in half today, I'd be having a fire sale of my tangible assets so I could dump a shitload of money into the stock market. The best time to buy is when there is blood in the streets, even if the blood is your own.

If you don't have the stomach to invest when the market plummets, do yourself a favor and don't watch the market anymore. Just continue to dollar cost average and go about your life, you'll be happy in 30 years.
Posted by 632627
LA
Member since Dec 2011
12763 posts
Posted on 10/12/18 at 8:10 am to
quote:

Personally, if the market did drop in half today, I'd be having a fire sale of my tangible assets so I could dump a shitload of money into the stock market. The best time to buy is when there is blood in the streets, even if the blood is your own.


Agreed. I’m 36 so I welcome dips. They’re buying opportunities.
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