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02-06-2014, 06:39 AM
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3,205 posts, read 3,394,355 times
Reputation: 5222
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I.E a major stock market crash (40%).
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02-06-2014, 08:35 AM
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3,751 posts, read 10,259,869 times
Reputation: 6566
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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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02-06-2014, 08:44 AM
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Location: DFW
6,747 posts, read 11,251,102 times
Reputation: 5040
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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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02-06-2014, 08:47 AM
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Location: East Coast of the United States
15,745 posts, read 18,362,231 times
Reputation: 11261
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Quote:
Originally Posted by arctic_gardener
I.E a major stock market crash (40%).
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Who exactly made this prediction? |
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02-06-2014, 08:54 AM
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Location: Nebraska
1,862 posts, read 2,160,288 times
Reputation: 5240
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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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02-06-2014, 08:56 AM
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Location: Los Angeles County
11,110 posts, read 9,124,009 times
Reputation: 29184
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Quote:
Originally Posted by Garthur
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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Or you could just ride it out. |
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02-06-2014, 09:01 AM
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Location: Nebraska
1,862 posts, read 2,160,288 times
Reputation: 5240
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Quote:
Originally Posted by Mr_Geek
Or you could just ride it out.
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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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02-06-2014, 09:17 AM
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Location: Jamestown, NY
7,841 posts, read 6,973,844 times
Reputation: 13779
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Quote:
Originally Posted by Garthur
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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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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02-06-2014, 11:06 AM
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Location: Florida -
8,307 posts, read 10,093,470 times
Reputation: 15284
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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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02-06-2014, 11:10 AM
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1,862 posts, read 2,891,627 times
Reputation: 2107
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One can only hope. It would present the greatest buying opportunity in my investment lifetime.
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