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Posted on 6/14/22 at 7:53 am to Rhino5
I’m not looking at it because I want to stay calm.
The investments will bounce back over time but only if these assholes quit fricking up everything.
The investments will bounce back over time but only if these assholes quit fricking up everything.
Posted on 6/14/22 at 8:03 am to Big4SALTbro
quote:
This is why I currently put almost nothing into it. I have no need to while the market crashes and I have tons of earning potential left. I’ll take every last dime I make.
Dumb
Posted on 6/14/22 at 8:10 am to OysterPoBoy
quote:
I was smart enough to get out in 2008. You people can watch your money disappear. Fool me once.
There are tons of multi-millionaires walking around today who made their millions dumping a bunch of money into the market at the low point in 2008 and riding it out.
Sitting on your money is the WORST thing you can do especially in a significant inflationary period. 401k losses are unrealized, devalued currency sitting in your checking account is a real loss.
Posted on 6/14/22 at 8:11 am to Rhino5
I got out of the market weeks ago.
Posted on 6/14/22 at 8:11 am to Rhino5
quote:"Set it and forget it". My stomach can't take the rollercoaster that is the stock market.
Have you checked out your 401k lately?
Posted on 6/14/22 at 8:13 am to Roger Klarvin
Invest monthly and do not look. Once a year balance the portfolio and maybe switch funds. That's it. Passive investing for retirement is a sound strategy that has always paid off.
If that doesn't work the country has a whole big mess of issues to where retirement money doesn't matter. Maybe we are there?
If that doesn't work the country has a whole big mess of issues to where retirement money doesn't matter. Maybe we are there?
Posted on 6/14/22 at 8:17 am to Roger Klarvin
“Unrealized” assumes that the Markets (Private) come back in their current Private form. Given Leftist hegemony, is this likely or possible? Do Socialist States have Private investment instruments? I don’t know as I am uneducated in economics, though I can throw mud on the common sense wall.
Posted on 6/14/22 at 8:18 am to Rhino5
Nope. I’m not retiring for 10 more years. I should get it all back.
Posted on 6/14/22 at 8:20 am to LuckyTiger
quote:
I got out of the market weeks ago.
People.. this is freaking stupid. Unless you pulled out of the market in October-November last year and are sitting on cash now, you don’t move when it has dropped.
Your losses are in value only if you remain invested. If you pull the money, your losses are in real dollars.
Now that the market is down… and you have cash. Hell. Just find a small cap ETF to drop the cash into. When competence comes back.. you will cash in.
I’ve moved my main investments to a small cap ETF. The bottom may not be here yet, but one day it will pay off bigly.
And there is always still energy. I begged everyone here to buy energy last year, especially offshore drillers.
I bought BORR drilling for a combined price of 2.03 after moving it out of Transocean when it went from 4 dollars ish to 4.88.
BORR has hit a 52 week high of 6.96.
Still not too late for energy… but the conductor is yelling “all aboard!”
Posted on 6/14/22 at 8:22 am to Big4SALTbro
quote:
This is why I currently put almost nothing into it. I have no need to while the market crashes and I have tons of earning potential left. I’ll take every last dime I make.
If you’re not close to retirement, this is EXACTLY the time to put money into your 401k. Lowers your tax burden and it’s like buying investments on sale. Assuming you don’t have all of your allocations in non-traditional vc funds or something, it will rebound over the long haul.
Posted on 6/14/22 at 8:26 am to Rhino5
quote:
Have you checked out your 401k lately?
Why? I'm not accessing it for another 20+ years.
Posted on 6/14/22 at 8:30 am to Big4SALTbro
quote:
This is why I currently put almost nothing into it. I have no need to while the market crashes and I have tons of earning potential left. I’ll take every last dime I make.
You need to familiarize yourself more with personal finance. This is a terrible strategy.
Posted on 6/14/22 at 8:47 am to RCDfan1950
quote:
“Unrealized” assumes that the Markets (Private) come back in their current Private form. Given Leftist hegemony, is this likely or possible?
It’s a requirement for society to function in anything resembling its current form.
quote:
Do Socialist States have Private investment instruments?
The places people in this country incorrectly identify as socialist do (ie the Nordic countries) which economically more closely resemble mainstream democratic economic policy in this country than the polices of true socialist states. Even a guy like Bernie Sanders is a very soft “socialist” on the global and historical scales. And the true fringe socialist segment of the party has no power.
Now a lot of those policies won’t work in a heterogenous country of 350 million people but that’s a different discussion.
The modern American left, the powerful mainstream flavor anyway, isn’t dangerous because because of socialism. It’s dangerous because of moral authoritarianism with a bunch of bizarre morals.
This post was edited on 6/14/22 at 8:52 am
Posted on 6/14/22 at 8:58 am to CleverUserName
quote:
People.. this is freaking stupid.
Nope. I lost less than most people in 2008 by doing the same. And I learned a lot from it.
I know when to cut losses and I know when to venture.
I’ve been full out of stocks and mutuals now. I’m pretty much staying level while everyone around me I know bleeds out. I’ll decide whether to return, or not. But there’s a lot of freefalling yet to come.
Posted on 6/14/22 at 9:21 am to LuckyTiger
quote:
I know when to cut losses and I know when to venture.
No you don’t.
Posted on 6/14/22 at 9:22 am to LuckyTiger
quote:
Nope. I lost less than most people in 2008 by doing the same. And I learned a lot from it.
I know when to cut losses and I know when to venture.
I’ve been full out of stocks and mutuals now. I’m pretty much staying level while everyone around me I know bleeds out. I’ll decide whether to return, or not. But there’s a lot of freefalling yet to come.
You’re doing it completely wrong
Posted on 6/14/22 at 9:23 am to Roger Klarvin
I’m good, thanks.
Posted on 6/14/22 at 9:24 am to onmymedicalgrind
quote:
No you don’t.
It’s easy to see why so many people struggle with money
Imagine him posting that nonsense on the business board. He’d be mocked out of existence.
Posted on 6/14/22 at 9:25 am to onmymedicalgrind
Yep, I do.
You’re free to keep taking losses.
You’re free to keep taking losses.
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