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Started By
Message
re: Stock Market is about to drop 20-40% - are you nervous?
Posted on 9/19/22 at 9:26 am to davidsheroes
Posted on 9/19/22 at 9:26 am to davidsheroes
My DRIPs will just keep on buying at low prices, so get back with me in 12 years.
Posted on 9/19/22 at 9:46 am to AlxTgr
And there you have it, nothing is going to happen.
Posted on 9/19/22 at 9:48 am to davidsheroes
Put some money up on it...
Posted on 9/19/22 at 10:56 am to Zach
to much risk to banks to raise CD rates. 2 years is a long time to lock in a high interest yeild on CD rates. the pace that rates move up and down is a risk for banks. At least the one i work at
Posted on 9/19/22 at 11:37 am to davidsheroes
quote:
Where are you placing your money?
Posted on 9/19/22 at 11:55 am to hawkeye007
quote:
to much risk to banks to raise CD rates. 2 years is a long time to lock in a high interest yeild on CD rates. the pace that rates move up and down is a risk for banks. At least the one i work at
But this is always the case and I've bought 1 yr CD's at 7% years ago.
Posted on 9/19/22 at 12:07 pm to Zach
quote:huh?
bought 1 yr CD's at 7% years ago
Posted on 9/19/22 at 12:09 pm to davidsheroes
Cashed out 2 years ago.
Bought land
Bought land
Posted on 9/19/22 at 12:42 pm to TimeOutdoors
quote:
I was told elections don’t have consequences
I dunno…I was always told the contrary, and quite correctly. Especially when those elections are stolen!
This post was edited on 9/19/22 at 12:44 pm
Posted on 9/19/22 at 12:51 pm to JJJimmyJimJames
quote:
bought 1 yr CD's at 7% years ago huh?
It worked like this. Back in the 80s I got this CD from my S&L. I gave them some money for a CD and they gave me 7% interest.
Posted on 9/19/22 at 3:15 pm to davidsheroes
Why would someone who doesn’t own any stock care if the price of stocks drop?
Posted on 9/19/22 at 4:57 pm to Strannix
quote:
Called it last year, cant go to cash, real inflation is 17-22%
Can’t let this go unchallenged
No it’s not.
Posted on 9/19/22 at 5:33 pm to Zach
quote:I remember that
It worked like this. Back in the 80s I got this CD from my S&L. I gave them some money for a CD and they gave me 7% interest.
What is it today like 0.0021% or some such?
Posted on 9/19/22 at 5:47 pm to davidsheroes
quote:Oh really? You should talk to the oil thread guy who predicted a big spike in prices a few weeks ago.
Stock Market is about to drop 20-40%
Posted on 9/19/22 at 5:49 pm to minister of truth
quote:THIS is the old saying:
Bulls make money
Bears make money
Pigs get slaughtered
Pigs get fat, hogs get slaughtered.
Posted on 9/19/22 at 6:39 pm to SmackoverHawg
quote:
Or do like smart investors and keep cash, reverse index funds and buy as the market drops then make bank when it recovers eventually.
What reverse index funds are you using?
Posted on 9/19/22 at 6:47 pm to Penrod
quote:
Tax implications make scenario #2 worse than you portray. And no one knows that the market is going down.
Well if you put it into a money market type account there isn’t. I wasn’t suggesting anyone should be liquidating their 401k.
And as far as point two we will have to agree to disagree. There is nothing I see to suggest that the market will be headed up in the short to mid term and I believe it will have to get much worse before it will get better due to decisions being made in DC.
So far I’m right to the tune of 20% of your average index fund from when they cut off the QE, but you are correct that eventually a bottom will be established and that’s when keeping your powder dry can result in life changing investment opportunities.
Posted on 9/20/22 at 1:15 pm to davidsheroes
Down 509 right now....
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