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So with markets down this much in two days
Posted on 10/11/18 at 7:06 pm
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.
It's time like these when there's money to be made.
Posted on 10/11/18 at 7:07 pm to foshizzle
quote:
It's time like these when there's money to be made.
It's times like these you give and give again
Posted on 10/11/18 at 7:22 pm to HailToTheChiz
It’s times like these you learn to love again.
Posted on 10/11/18 at 7:25 pm to John McClane
Do I stay or run away?
Posted on 10/11/18 at 7:31 pm to John McClane
It's times like these time and time again
Posted on 10/11/18 at 8:19 pm to foshizzle
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
Trusting in my financial advisors to see me through this without too much lost
Posted on 10/11/18 at 8:29 pm to foshizzle
It’s times like these I realize I picked a bad time to quit sniffing glue.
Posted on 10/11/18 at 8:49 pm to foshizzle
May get some AMZN tomorrow for the first time.
Posted on 10/11/18 at 8:56 pm to LSURussian
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 on 10/11/18 at 9:14 pm to TigerDat
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 on 10/11/18 at 9:41 pm to CivilTiger83
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 on 10/11/18 at 10:09 pm to CivilTiger83
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 on 10/11/18 at 10:24 pm to foshizzle
Losing half of your winnings beats the hell out of winning half of your losings.
Posted on 10/11/18 at 10:28 pm to CivilTiger83
quote: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:
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.
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: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.
Even though he only bought at the very top of the market, Bob still ended up a millionaire with $1.1 million.
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 on 10/12/18 at 4:38 am to buckeye_vol
Google “Dalbar study” for good info on investor psychology.
Posted on 10/12/18 at 6:10 am to TigerDat
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 on 10/12/18 at 8:10 am to Vols&Shaft83
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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