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Posted on 4/19/23 at 9:40 am to Silverback911
I'm keeping dry powder to see when this thing dives.
Posted on 4/19/23 at 10:06 am to Silverback911
quote:
With the upcoming recession, are you taking your money out of the market or are you going to ride it out?
Just take it all out and buy Gold and Silver. What could go wrong?
Posted on 4/19/23 at 10:46 am to vistajay
quote:
panicked in the 2008 market correction and sold all their stocks.
I'm smart enough to know that I shouldn't get out of the market during a recession. In fact I'll double down if I've got the money and the time (also in my 30's). But I've got a decent amount of money I'm able to invest this year (~50k) and I'm putting it in very conservative investments for the time being. Obviously can't predict a recession, but just don't feel confident enough to invest as I typically have with existing portfolio. As that fear starts to subside, I'll probably transfer to my existing portfolio in a dollar-cost averaging manner.
Posted on 4/19/23 at 12:45 pm to Silverback911
quote:
With the upcoming recession
Posted on 4/19/23 at 1:33 pm to Upperdecker
quote:
Gotta make as much as you can in the market since the boomers won’t be leaving any of their boomer welfare for us millennials
Upperdecker is really a boomer trying to sucker y’all into putting money into the stock market ponzi so he can cash out
ETA: there are people here that believe the us isn’t actively collapsing before our eyes and our standard of living will be better than the boomers
I really wish I could come back in a couple years and be like I told y’all things were gonna collapse but there won’t be an internet thenThis post was edited on 4/19/23 at 1:38 pm
Posted on 4/19/23 at 2:32 pm to el Gaucho
The sheer amount of trolling has got to be exhausting for you
Posted on 4/19/23 at 6:05 pm to MrJimBeam
quote:
The sheer amount of trolling has got to be exhausting for you
When we take him down to FEMA Camp 13, we’uns is gunna hep him git his mind right.
Posted on 4/19/23 at 6:31 pm to Silverback911
Stolen from Wells Fargo
Good luck…
quote:
Over the past 30 years, missing the best 20 days (based on S&P 500 Index returns from September 1, 1992 through August 31, 2022) took the annual average return from 7.8% per year down to 3.2%, which was less than the 3.3% average inflation rate over that same period. Our research also showed that over the same time period, missing the best 40 days took the average annual return to 0.3%, and missing the best 50 days resulted in a -0.99% annual return, on average.
Good luck…
Posted on 4/19/23 at 7:05 pm to MrJimBeam
quote:
The sheer amount of trolling has got to be exhausting for you
it's not really trolling
I just challenge the bull theory around here that everything is always gonna keep getting better
the average age around here is "got mine" territory and I can see why y'all want to keep the belief going to vanguard and chill. The beast is only sustained by new money coming in from retail, institutional retirement funds, and the evil institutions. The first two of those are gonna run thin with people my age since most of us live hand to mouth. The kids below us, well, they're worse off than we are
and that's just the stock market. But the pendulum in general won't swing back like everyone expects it to
Posted on 4/20/23 at 12:25 pm to Silverback911
How do you know the market will go down because of the "coming recession", odds are we are already in a recession and by the time it's admitted the worst of it will be over.
Markets tend to rally hard from the trough of a recession through recovery. Quite possible this is the case and the market is just starting to climb.
Markets tend to rally hard from the trough of a recession through recovery. Quite possible this is the case and the market is just starting to climb.
Posted on 4/20/23 at 12:35 pm to Silverback911
I'm in my 20s and 1000% leaving it and continuing with my same contributions.
Posted on 4/20/23 at 12:51 pm to el Gaucho
quote:Not always better, but the market has a long history of climbing a wall of worry. I myself think equities are too high at this exact point in time - but on the others side of that you have inflation helping to print high nominal earnings and you have a strong dollar.
I just challenge the bull theory around here that everything is always gonna keep getting better
quote:Eh. The globe still earns trillions of income per year, and some % of that most certainly end up as savings and investment. I'm not sure what your alternative plan is. I think stocks should revert to their long-term valuations, but earnings will still probably grow.
the average age around here is "got mine" territory and I can see why y'all want to keep the belief going to vanguard and chill. The beast is only sustained by new money coming in from retail, institutional retirement funds, and the evil institutions. The first two of those are gonna run thin with people my age since most of us live hand to mouth. The kids below us, well, they're worse off than we are
quote:Like I said - we're already kind of high here. And I agree - I don't see some massive upswing from here. More likely, we muddle through for several years.
e pendulum in general won't swing back like everyone expects it to
But the doomcasting (not necessarily you) on these boards is frustrating.
Posted on 4/20/23 at 2:06 pm to Big Scrub TX
quote:
I'm not sure what your alternative plan is.
It’s kind of messed up that the stock market is one of the few ways to make money from money and you’re almost forced into it. I suppose I’ll buy land and whatnot until they take away our right to own land
The government grows bigger and bigger and less and less people pay taxes, meanwhile all jobs besides “move boxes around for Amazon” are being eliminated. I can see the writing on the wall but depending where you are in life you may not even need to see the wall
ETA:
quote:
doomcasting
Is wishing for a fun hunter gatherer lifestyle in the rubble of society’s soulless storage centers and plasma donation places doomcasting?
Bruh this is doom. What we have now sucks lol
This post was edited on 4/20/23 at 2:27 pm
Posted on 4/20/23 at 2:18 pm to Silverback911
Historically the market bottoms before the recession
Posted on 4/20/23 at 2:27 pm to el Gaucho
quote:What do you mean? What former sources of such investment are you alleging no longer exist?
It’s kind of messed up that the stock market is one of the few ways to make money from money
quote:Land speculation seems A LOT more dangerous than investing in stocks.
I suppose I’ll buy land and whatnot until they take away our right to own land
quote:I know this sounds good, but I doubt it's true in any meaningful way.
The government grows bigger and bigger and less and less people pay taxes,
Posted on 4/20/23 at 2:30 pm to Big Scrub TX
quote:
What do you mean? What former sources of such investment are you alleging no longer exist?
Before the makers realized that they could fleece average working folks via the stock market, companies used to invest in their employees via a pension, which are now nearly extinct
Posted on 4/20/23 at 2:35 pm to el Gaucho
quote:You're referring to the transition from defined benefit to defined contribution? You can see what happens with defined benefit by looking at "public sector" pensions.
Before the makers realized that they could fleece average working folks via the stock market, companies used to invest in their employees via a pension, which are now nearly extinct
Posted on 4/21/23 at 11:43 am to boogiewoogie1978
quote:
With the upcoming recession
The recession predictions are like the people warning about inflation in 2015. At some point it will happen, but predicting it as imminent for six years hardly makes one psychic.
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