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Not thrilled about the drop, but my AA is pretty much 45/55 stocks to bonds/cash. Concerned but not to the jumpy stomach, butterflies etc. point.
Back in July, we opened a SPIA to the tune of 75K, that was totally pulled out of stock based funds. This little SPIA has greatly contributed to my comfort zone and is looking more and more like a smart move.
Yep I don't want a crash, even though I could possibly capitalize on it. We have about 1.5 years of income set aside if you don't count our pensions. Including our pensions we are good for about 10 years of not having to touch retirement funds.
We try to play the game based on the rules/tools available at the time.
same here , just retired 6 months ago .
we have two to 3 years cash and many years of bonds we can sell before even worrying about markets .
while bear markets are not a comfortable feeling , after 30 years as an investor you get used to the fact they go with the territory and always did and always look like we are going to hell in a hand basket and never bouncing back . .
I'm looking at nearly 30 years til retirement. With a thirty year time horizon, stocks made money even if invested at the height of the market prior to the Great Depression.
So unless y'all can make a case for an economic apocalypse surpassing the dust bowl and starvation of the Great Depression- hard times beyond anything most of us can imagine- then I'm just not sure why you expect to be taken seriously.
I mean if you guys really believe the Zombie Apocalypse is at hand... this discussion is moot anyway. What's the ROI of canned food and ammo?
I'm looking at nearly 30 years til retirement. With a thirty year time horizon, stocks made money even if invested at the height of the market prior to the Great Depression.
So unless y'all can make a case for an economic apocalypse surpassing the dust bowl and starvation of the Great Depression- hard times beyond anything most of us can imagine- then I'm just not sure why you expect to be taken seriously.
I mean if you guys really believe the Zombie Apocalypse is at hand... this discussion is moot anyway. What's the ROI of canned food and ammo?
ha ha ha ha , these soothsayers just don't stop . they appear every bear market with their predictions that to date have not panned out in the long term EVER . remember the death of equity's issue of business week magazine when equity's performed so poorly for so long they were declared no longer a viable asset class .
we all know what happened next . out of the rubble there were 17 years of 14% cagr returns out of no where .
Okay, when? You predicted this before you know (for 2015) and got it wrong. Are you know reduced to just saying it'll happen someday every year? I can counter that down the road everyone will be given a pet unicorn, and it is impossible to prove I'm wrong.
I hesitate to write this but feel I must. I think there are 2 types of people who want to see the stock market plunge as low as possible: a) people with no savings/investments who are running on sour grapes -- I don't care about them; b) people on the right who think Democrat presidents (Obama, Hillary) are the worst things on earth and think a depressed stock market will get Trump, Cruz or another Republican elected.
Group b worries me because it might be possible for a critical mass of republican investors to temporarily pull out of stocks to cause an ugly crash. We know Wall Street is acclimated to the right so this push could come from financial institutions and not just individual investors.
I really hope I am being paranoid. Comments welcome, I'll hold on to my seat.
Yeah, I was reading a different article about the same prediction this morning. Here's a point that I think should be noted:
Quote:
It should be pointed out that Edwards has been making similar calls for years. Back in 2010,*he called for the S&P to collapse to 450. It didn’t. And had investors taken his advice then, they would have missed out on one of the greatest stock market booms in history—the S&P 500 has in fact soared more than 80% since then, and now, even with the recent dip, stands at just under 1,900.*
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