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Old 02-06-2014, 06:39 AM
 
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I.E a major stock market crash (40%).
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Old 02-06-2014, 08:35 AM
 
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No.

A correction (10-15%) doesn't seem out of line, and in fact we're already approaching 10% territory. But we've been overdue for a correction, and I still have a long planning horizon, so I'll be riding that out.
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Old 02-06-2014, 08:44 AM
 
Location: DFW
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The analyst who cried crash = the boy who cried wolf.

Another crash is inevitable, be it if it happens this year, next year, next decade, or whenever. Being able to accept these events happening when you least expect them to happen is a prerequisite for investing. Either play with money you can afford to lose, take less risk, and/or hedge your positions so you won't be as impacted by a crash.
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Old 02-06-2014, 08:47 AM
 
Location: East Coast of the United States
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Quote:
Originally Posted by arctic_gardener View Post
I.E a major stock market crash (40%).
Who exactly made this prediction?
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Old 02-06-2014, 08:54 AM
 
Location: Nebraska
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Doomsday?

A 40% market collapse is not doomsday if you were smart enough to have gotten out before it happen. It's a good thing if you were out.
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Old 02-06-2014, 08:56 AM
 
Location: Los Angeles County
11,110 posts, read 9,124,009 times
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Quote:
Originally Posted by Garthur View Post
Doomsday?

A 40% market collapse is not doomsday if you were smart enough to have gotten out before it happen. It's a good thing if you were out.
Or you could just ride it out.
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Old 02-06-2014, 09:01 AM
 
Location: Nebraska
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Quote:
Originally Posted by Mr_Geek View Post
Or you could just ride it out.
You are making an assumption which may not be correct. Are you willing to lose 40% (or more) based on past performance. Bad idea!
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Old 02-06-2014, 09:17 AM
 
Location: Jamestown, NY
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Quote:
Originally Posted by Garthur View Post
You are making an assumption which may not be correct. Are you willing to lose 40% (or more) based on past performance. Bad idea!
Didn't that happen in 2009-2010? The people who rode it out, like me, have made up what we lost and made a lot more. Those who ran and hid not only lost their savings, they've continued to lose money as "safe" investments are paying almost nothing.

It also happened around 1998-2001 or so with the dot.com crash. Again, the people who rode it out did well, while those who cut and ran were much worse off.

Hell, it even happened after the 1929 crash.
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Old 02-06-2014, 11:06 AM
 
Location: Florida -
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What's the worst that could happen? Regardless, it's pretty good investment (and life) advice to 'hope for the best, but, plan for the worst.'
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Old 02-06-2014, 11:10 AM
 
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One can only hope. It would present the greatest buying opportunity in my investment lifetime.
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