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I completely get if you are retired or fixing to retire and a 2008 hits. I'm not talking about you folks.
I'm talking about people that have 7-40 years left until retirement. The 2000 drop. 2008 drop. End of 2018 drop. These are good things. You get to buy stocks and load up on undervalued stocks. People in their 30s freak out.
Feed that roth and when it dips, buy. When it crashes, buy. Don't ever sell. But buy great companies on dips.
Your 401k, max that thing out. Every 2 weeks you're buying more stock. Hopefully at a discounted rate.
Status:
"I don't understand. But I don't care, so it works out."
(set 9 days ago)
35,635 posts, read 17,982,736 times
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Quote:
Originally Posted by Mcdman88
I completely get if you are retired or fixing to retire and a 2008 hits. I'm not talking about you folks.
I'm talking about people that have 7-40 years left until retirement. The 2000 drop. 2008 drop. End of 2018 drop. These are good things. You get to buy stocks and load up on undervalued stocks. People in their 30s freak out.
Feed that roth and when it dips, buy. When it crashes, buy. Don't ever sell. But buy great companies on dips.
Your 401k, max that thing out. Every 2 weeks you're buying more stock. Hopefully at a discounted rate.
Celebrate !!!!
The fear, I think, is that it will be a complete runaway and a harbinger of a depression worse than the 1930's. No one fears little corrections and drops that happen and then stabilize.
On the other hand, I have a friend who got in on the ground floor of Apple, and pretty much her entire estate is in Apple shares. Today - OUCH!
The fear, I think, is that it will be a complete runaway and a harbinger of a depression worse than the 1930's. No one fears little corrections and drops that happen and then stabilize.
On the other hand, I have a friend who got in on the ground floor of Apple, and pretty much her entire estate is in Apple shares. Today - OUCH!
If she's smart since she got on the ground floor, since then she's been saving for a big drop like this. Offload 70% of savings into it and hope it drops more. Offload the other 30%. This stuff excites me!
If she's smart since she got on the ground floor, since then she's been saving for a big drop like this. Offload 70% of savings into it and hope it drops more. Offload the other 30%. This stuff excites me!
Apple is a mature company which relied on innovation and new product - and now needs to deal with market saturation, an extremely high-priced - no longer a "must-have the newest" - product - plus issues w/its China market and segue into the 'service' area of its business rather than product. Unit sales are off and probably will be going forward. Not exactly a back-up-the-truck stock at this point. Steve Jobs is gone. Sorta like if Musk leaves TESLA - where is the vision?
I totally agree. Just keep in mind this could last for a year and a half. I would wait for the Mueller report to hit and then let that play out to it's potential conclusion before being a pig in slop. It's coming.
It all depends on how much you have invested and how much you contribute.
If you have $2 million invested and can contribute $1,000 per month, even if you are 30 years from retirement age, it's still not something to be happy about. You don't want to see your account drop 50%, just so you can invest $12,000 at a discount. It's better to hope for the market to go up higher. I tend to buy high and sell higher or short low and cover lower.
It can take a long time to recover sometimes or you can get another crash that puts you back at ground zero again. The market was the same price in 1996 as it was in 2009. YAY! 13 years of waiting just so some of my contributions got a discount!
I completely get if you are retired or fixing to retire and a 2008 hits. I'm not talking about you folks.
You may not be talking about them, but who the heck do you think the loud panicking is coming from??
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