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You feel sorry for me because i've lost 50k (on paper) so far, or that i'm misguided in buying more?
Is that what you mean by 'your mistakes'?
thanks.
Just understand your downside risk because based upon the last to Fed Manufactured Bubbles, the market will fall 40- 50% from its peak for exactly the same reason. No telling how long it will take to recover because world socio-political situations continue to deteriorate with all of the financial manipulation.
Gamblers eventually lose. But they win a lot too. This oil thing......with the damage sky high oil caused this economy for so long, this is simply over-shooting below the mean. It will come back, but when, and how much? Million dollar questions I would never attempt to answer.
Gamblers eventually lose. But they win a lot too. This oil thing......with the damage sky high oil caused this economy for so long, this is simply over-shooting below the mean. It will come back, but when, and how much? Million dollar questions I would never attempt to answer.
Clearly the vast amount of gamblers lose otherwise Vegas wouldn't exist. In any case, it is much more accurate to view today's asset markets as gambling arenas rather than investment markets. Everyone is gambling that by some miracle the Feds can print enough money to create their fourth Bubble.
If you need the money this year, maybe pull it out. But if you're in it for the longhaul, like at least another five years until retirement, don't. Look at the history of the market. It always comes roaring back, even if it takes ten years.
Is there blood in the streets yet? Is it time to buy?
If you need the money this year, maybe pull it out. But if you're in it for the longhaul, like at least another five years until retirement, don't. Look at the history of the market. It always comes roaring back, even if it takes ten years.
Is there blood in the streets yet? Is it time to buy?
You guys are way optimistic.
This thing can potentially get worse than the great depression and may even last a decade
Sounds to me like you did some panic buying. I'm going to wait till the market completely crashes, then I will wait an additional 2 months to be sure it is done crashing, then I will invest all the cash I have been sitting on since 2009.
If you need the money this year, maybe pull it out. But if you're in it for the longhaul, like at least another five years until retirement, don't. Look at the history of the market. It always comes roaring back, even if it takes ten years.
Is there blood in the streets yet? Is it time to buy?
Well I can tell you this. The cheapest barrel of oil comes from Kuwait which is just under $10 a barrel. Saudi isn't much different. However they are not in business to break even and their fixed costs have gone up. So the oil aspect of this is already at the bottom for any sustainable period of time. That does not mean it cannot fall further in the short term but this will the result of supply destruction and desperate selling.
Sounds to me like you did some panic buying. I'm going to wait till the market completely crashes, then I will wait an additional 2 months to be sure it is done crashing, then I will invest all the cash I have been sitting on since 2009.
Let me start by saying that I am not as knowledgeable about market dynamics as most of the posters here although I do have some money in mutual funds and stocks.
Too much focus is placed on making money off money these days and the OP states 'down about $50k'. In the old America if someone was down in one area, they would go out and work to make that $50k back, operate businesses, increase income and profit and innovate.
There is just too much focus on the stock market lately so when the next crash comes it will be catastrophic for the economy.
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I'm going to wait till the market completely crashes, then I will wait an additional 2 months to be sure it is done crashing, then I will invest all the cash I have been sitting on since 2009.
