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What goes up, must come down…???
Posted on 1/1/24 at 9:12 pm
Posted on 1/1/24 at 9:12 pm
I’m an old retired guy who has not touched his 401(k). I was worried when stocks were low but now more worried when stocks have gone to record highs in a short period of time. If/when the market crashes it’ll also affect real estate, so where is the safe move beforehand?
7
Posted on 1/1/24 at 9:17 pm to threeputt23
It only affects real estate if there is unemployment.
What is your worry with the market?
What is the shoe to drop?
The straw against the camel's back?
What is your worry with the market?
What is the shoe to drop?
The straw against the camel's back?
Posted on 1/1/24 at 9:32 pm to meansonny
I’m a novice, but I think that this stock market is fabrication and artificial and has been created by the Bidenomics. Still have a few months left but 2024 will be a correction or crash year.
Posted on 1/1/24 at 10:33 pm to threeputt23
Market likely stays positive until a few months before the election.
After the election......my crystal ball goes dark.
After the election......my crystal ball goes dark.
Posted on 1/1/24 at 10:39 pm to threeputt23
2024 will be fine.Don't let the noise impact your decisions. Trend is up, expect dips along the way, stay invested.
Posted on 1/1/24 at 11:12 pm to threeputt23
quote:
I’m a novice
So it comes down because you don't like the president?
How does your reply sound when you read it aloud?
The only thing knocking housing down a peg is a large uptick in unemployment.
People aren't using their 401ks to buy houses.
Posted on 1/2/24 at 6:09 am to threeputt23
If you don't have to tap your 401(k), don't worry about the short term market.
The danger in being in stocks at your age is if you have to sell at a loss to support yourself. Even if we see a bear market in 2024 you'll still be ahead of 2 years ago.
The danger in being in stocks at your age is if you have to sell at a loss to support yourself. Even if we see a bear market in 2024 you'll still be ahead of 2 years ago.
Posted on 1/2/24 at 6:10 am to threeputt23
quote:
Still have a few months left but 2024 will be a correction or crash year.
The annual random poster predicting a market correction based off of a random gut instinct
Posted on 1/2/24 at 8:23 am to Weekend Warrior79
I enjoy the takes that claim the government is fabricating all of the positive metrics in the economy. At this point nothing is real to these people.
Posted on 1/2/24 at 8:36 am to threeputt23
You seem to have a peculiar thing to worried about. I am also retired and you and I have survived a downturn and have lived long enough to participate in the upturn. Congratulations for not selling your investments when their values dropped.
You should be able to get some good advice on obtaining a balanced portfolio tailored to your situation with little effort or cost.
Do make certain that you do not have to take an RMD (required minimum distribution) from the 401K.
I believe the most important change in American finance is the 25 year period by which we took control of our finances and transferred ourselves to active investors from passive savers.
You should be able to get some good advice on obtaining a balanced portfolio tailored to your situation with little effort or cost.
Do make certain that you do not have to take an RMD (required minimum distribution) from the 401K.
I believe the most important change in American finance is the 25 year period by which we took control of our finances and transferred ourselves to active investors from passive savers.
Posted on 1/2/24 at 8:41 am to threeputt23
Eh
Not sure I’d bet on a crash.
Trillions still sitting on the sidelines.
Not sure I’d bet on a crash.
Trillions still sitting on the sidelines.
Posted on 1/2/24 at 8:56 am to threeputt23
quote:
I’m an old retired guy who has not touched his 401(k).
If/when the market crashes it’ll also affect real estate, so where is the safe move beforehand?
We don’t know what your financial/income situation is, how much of your net worth is tied to your 410K or when you might need to start withdrawing from your 410K. But well before you entered retirement, you should have developed a plan that accounted for that and have a portfolio allocation that’s appropriate.
You mentioned real estate. Do you currently have some real estate related investments, or if there is a real estate correction, do you have a desire to enter that market for investment purposes?
Given the limited amount of background information, my only advice is to have a rational, unemotional plan and don’t be reactionary.
Good luck.
Posted on 1/2/24 at 10:02 am to threeputt23
The market corrects, but eventually comes back then tops its old high. If you're really worried, start moving money into bonds (the 1-month is still going for over 5%).
The market isn't the big worry to me, it's the economy being built heavily on increasing amounts of consumer and federal debt. We've been seeing a steady rise in loan delinquency rates since Q1 2022 while simultaneously seeing consumer debt expansion increase faster than pre-COVID (although the rate of increase appears to be slowing). Either of those alone would be concerning (just because of their vast individual amounts), but together they are unsustainable.
The market isn't the big worry to me, it's the economy being built heavily on increasing amounts of consumer and federal debt. We've been seeing a steady rise in loan delinquency rates since Q1 2022 while simultaneously seeing consumer debt expansion increase faster than pre-COVID (although the rate of increase appears to be slowing). Either of those alone would be concerning (just because of their vast individual amounts), but together they are unsustainable.
Posted on 1/2/24 at 11:13 am to Bard
I'm 64. I look at it like this. If you have a nest edge that you are comfortable in retirement with why put it at risk. You can get 5ish% right now in the safest investments. There's also the old rule about your age subtracted from 100 is the percentage you should be in stocks. I'm also basically a mean reverter by nature so I always consider market levels versus history when making decisions. These are just my thoughts and I wish you good investing.
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