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re: Have y'all seen this Black Monday news?

Posted on 8/5/24 at 8:29 am to
Posted by el Gaucho
He/They
Member since Dec 2010
58486 posts
Posted on 8/5/24 at 8:29 am to
The economy is so bad that even the president lost his job to an Indian
Posted by Philzilla2k
Member since Oct 2017
12428 posts
Posted on 8/5/24 at 8:37 am to
This won’t be good for my Disney stock.
Posted by RolltidePA
North Carolina
Member since Dec 2010
5096 posts
Posted on 8/5/24 at 8:38 am to
quote:

we are all going to lose a shitload of money.


You mean the valuation of your assets will be lower. Losses are only locked in if you sell.

Think of it this way. Everything you buy for the next few months and all the 401k contributions you make will be at a decent discount.

Take it from someone who's been along for the ride through the dot com bubble burst, 9/11, 2008, dips in teens and then through the covid sell off. Time in the market is the most important thing. Most of the gains that you'll make over the years will be from just a handful of days. If you miss any of those days from having your money sidelined waiting to time the market, it'll be disastrous.
This post was edited on 8/5/24 at 8:51 am
Posted by Lonnie Utah
Utah!
Member since Jul 2012
32434 posts
Posted on 8/5/24 at 10:56 pm to
Up 10% today...
Posted by Landmass
Premium Member
Member since Jun 2013
24797 posts
Posted on 8/6/24 at 6:05 am to
I ended up buying in a bit more yesterday. Considered it like a fire sale.
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