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re: Stock Market is about to drop 20-40% - are you nervous?

Posted on 9/19/22 at 9:26 am to
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
81604 posts
Posted on 9/19/22 at 9:26 am to
My DRIPs will just keep on buying at low prices, so get back with me in 12 years.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61135 posts
Posted on 9/19/22 at 9:46 am to
And there you have it, nothing is going to happen.

Posted by SalE
At the beach
Member since Jan 2020
2404 posts
Posted on 9/19/22 at 9:48 am to
Put some money up on it...
Posted by hawkeye007
Member since Feb 2010
5844 posts
Posted on 9/19/22 at 10:56 am to
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 by cwill
Member since Jan 2005
54752 posts
Posted on 9/19/22 at 11:37 am to
quote:

Where are you placing your money?


Posted by Zach
Gizmonic Institute
Member since May 2005
112423 posts
Posted on 9/19/22 at 11:55 am to
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 by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 9/19/22 at 12:07 pm to
quote:

bought 1 yr CD's at 7% years ago
huh?
Posted by Loserman
Member since Sep 2007
21856 posts
Posted on 9/19/22 at 12:09 pm to
Cashed out 2 years ago.

Bought land
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 9/19/22 at 12:33 pm to
Posted by Crimson1st
Birmingham, AL
Member since Nov 2010
20193 posts
Posted on 9/19/22 at 12:42 pm to
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 by Zach
Gizmonic Institute
Member since May 2005
112423 posts
Posted on 9/19/22 at 12:51 pm to
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 by kingbob
Sorrento, LA
Member since Nov 2010
67027 posts
Posted on 9/19/22 at 3:15 pm to
Why would someone who doesn’t own any stock care if the price of stocks drop?
Posted by SlidellCajun
Slidell la
Member since May 2019
10360 posts
Posted on 9/19/22 at 4:57 pm to
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 by JJJimmyJimJames
Southern States
Member since May 2020
18496 posts
Posted on 9/19/22 at 5:33 pm to
quote:

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.

I remember that

What is it today like 0.0021% or some such?
Posted by Big Scrub TX
Member since Dec 2013
33377 posts
Posted on 9/19/22 at 5:47 pm to
quote:

Stock Market is about to drop 20-40%
Oh really? You should talk to the oil thread guy who predicted a big spike in prices a few weeks ago.
Posted by Big Scrub TX
Member since Dec 2013
33377 posts
Posted on 9/19/22 at 5:49 pm to
quote:

Bulls make money
Bears make money
Pigs get slaughtered
THIS is the old saying:

Pigs get fat, hogs get slaughtered.
Posted by tide06
Member since Oct 2011
11143 posts
Posted on 9/19/22 at 6:39 pm to
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 by tide06
Member since Oct 2011
11143 posts
Posted on 9/19/22 at 6:47 pm to
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 by loogaroo
Welsh
Member since Dec 2005
30392 posts
Posted on 9/20/22 at 1:15 pm to
Down 509 right now....
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