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Trevaylin
LSU Fan
south texas
Member since Feb 2019
2275 posts

Remember February 2020 when the stock market tanked???



Last year realization of the magnitude of the virus impact became known at end of week and market tanked on Monday. The variant china flu is flooding the airwaves now. May want to get to a defensive 401-k retirement position before next Monday.



TDTOM
Member since Jan 2021
3221 posts

re: Remember February 2020 when the stock market tanked???
Shut up.


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210
FieldEngineer
LSU Fan
LP trash
Member since Jan 2015
803 posts
 Online 

re: Remember February 2020 when the stock market tanked???
Always tough to catch a falling knife. I’ll just increase investments if it crashes again.


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191
Cosmo
Houston Astros Fan
glassman's guest house
Member since Oct 2003
107756 posts
 Online 

re: Remember February 2020 when the stock market tanked???
Hyperinflation now though

If your money isnt in the market it has less and less purchasing power sitting in a bank
This post was edited on 7/30 at 9:57 am


soccerfüt
Location: A Series of Tubes
Member since May 2013
50869 posts

re: Remember February 2020 when the stock market tanked???
Your Mom may want to get into a defensive position now (for a change).


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51
TulaneUVA
Virginia Fan
Member since Jun 2005
25290 posts

re: Remember February 2020 when the stock market tanked???
Good try. You’re probably trying to short the market and trying to drive us to sell and drive into bond market.


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11
Penrod
LSU Fan
Member since Jan 2011
22813 posts
 Online 

re: Remember February 2020 when the stock market tanked???
quote:

May want to get to a defensive 401-k retirement position before next Monday.

Or may not? Last year, when it went down to 17,500 or so, I told our CFO, “It’s going to 7,000.” I didn’t change my investments because I’m lazy. Good thing! The market zoomed back up. Why? IDK. That’s the tricky thing about stocks, and it’s why chumps like you and me should sit on our hands…ALWAYS!


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41
Bestbank Tiger
New Orleans Saints Fan
Premium Member
Member since Jan 2005
60118 posts
 Online 

re: Remember February 2020 when the stock market tanked???
There are two possibilities.

1) Market rebounds and the people who didn't panic win.

2) We never get out of the pandemic, market implodes, and we're all screwed anyway.

No point in selling unless you NEED CASH NOW.


TigerBait1971
LSU Fan
PTC GA
Member since Oct 2014
14865 posts

re: Remember February 2020 when the stock market tanked???
I'm not retiring for at least 15 years.

This just a blip on the chart for me.


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60
Powerman
LSU Fan
Member since Jan 2004
150485 posts

re: Remember February 2020 when the stock market tanked???
quote:

May want to get to a defensive 401-k retirement position before next Monday.


If what you're saying is right then it's the time to aggressively invest


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20
Herschal
LSU Fan
The Land of the Free
Member since Sep 2011
593 posts

re: Remember February 2020 when the stock market tanked???
quote:

NEED CASH NOW.


It’s your money, use it when you need it.


JohnnyKilroy
New Orleans Pelicans Fan
Cajun Navy Vice Admiral
Member since Oct 2012
29109 posts

re: Remember February 2020 when the stock market tanked???
Do this if you hate money


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01
Salmon
USA Fan
On the trails
Member since Feb 2008
79930 posts

re: Remember February 2020 when the stock market tanked???
quote:

May want to get to a defensive 401-k retirement position before next Monday.


Smart. I just pulled all of my money out of my investment funds. I'm only 38, but you can never be too careful.

I know I'll take a big penalty, but something is better than nothing, amirite?


NIH
LA-Lafayette Fan
Member since Aug 2008
105578 posts

re: Remember February 2020 when the stock market tanked???
You lib cucks rooting for lockdowns, masks, and for Trump’s vaccine to fail are shameful.


Sao
SMU Fan
East Texas Piney Woods
Member since Jun 2009
52681 posts

re: Remember February 2020 when the stock market tanked???

No way you're vaccinated.


AgCoug
Texas A&M Fan
Houston
Member since Jan 2014
5120 posts

re: Remember February 2020 when the stock market tanked???
877-CASH-NOW


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20
LCA131
Appalachian St. Fan
Home of the Fake Sig lines
Member since Feb 2008
67299 posts

re: Remember February 2020 when the stock market tanked???
quote:

Smart. I just pulled all of my money out of my investment funds. I'm only 38, but you can never be too careful.




quote:

amirite


No.


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20
NIH
LA-Lafayette Fan
Member since Aug 2008
105578 posts

re: Remember February 2020 when the stock market tanked???
I am. I even got a tattoo of my card.
This post was edited on 7/30 at 10:11 am


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10
Shalimar Sid
LSU Fan
Member since Feb 2005
9025 posts

re: Remember February 2020 when the stock market tanked???
I am going to cash early and buy me a food truck. Case solved.


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jlovel7
USA Fan
Louisiana
Member since Aug 2014
17671 posts
 Online 

re: Remember February 2020 when the stock market tanked???
And if you waited like maybe a month it bounced right back.


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