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Old 12-24-2018, 08:22 AM
 
Location: Camberville
11,988 posts, read 16,716,959 times
Reputation: 19622

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This year I was finally able to start putting a lot more away in retirement and a small brokerage account after a slow start in my 20s.

Both are now sitting in the negative. Thanks, Trump.
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Old 12-24-2018, 08:25 AM
 
Location: Florida
62,722 posts, read 34,188,822 times
Reputation: 10408
Quote:
Originally Posted by charolastra00 View Post
This year I was finally able to start putting a lot more away in retirement and a small brokerage account after a slow start in my 20s.

Both are now sitting in the negative. Thanks, Trump.
You are getting them cheap, which is a good thing if you are in your 30s. People in their 50s and older are watching this in horror.
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Old 12-24-2018, 08:30 AM
 
Location: Columbia, SC
18,063 posts, read 10,095,064 times
Reputation: 6979
So far this morning, we're on track to break 22,000 by days end.

WINNING!
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Old 12-24-2018, 08:31 AM
 
Location: Mount Airy, Maryland
10,393 posts, read 5,878,879 times
Reputation: 15936
Quote:
Originally Posted by Finn_Jarber View Post
You are getting them cheap, which is a good thing if you are in your 30s. People in their 50s and older are watching this in horror.
Not me. I'm 59 and was well aware that this drop/correction/full on bear market was long overdue. I was just kind of hoping it would happen already and get it over with so the market will be on the upswing a few years from when I am ready to start pulling funds from my retirement account. The worst thing to happen to a new retiree is what took place in 2000 with several years of down markets. They were forced to sell low and probably never really recovered.
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Old 12-24-2018, 08:32 AM
 
Location: Camberville
11,988 posts, read 16,716,959 times
Reputation: 19622
Quote:
Originally Posted by Finn_Jarber View Post
You are getting them cheap, which is a good thing if you are in your 30s. People in their 50s and older are watching this in horror.
This is what I keep telling myself - and why I'm not even bothering to look at my 401K. Still hurts to see my long-term Betterment account drop more than $1000 in less than a month. Pocket change for some, but major for me.

On the flip side, my dad bet what little retirement savings he and my mother had day trading on the market. So much of my financial anxiety comes from knowing my parents are going to be looking to the bank of son and daughter of their retirement... and this certainly makes it worse.
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Old 12-24-2018, 08:36 AM
 
Location: Lost in Montana *recalculating*...
11,838 posts, read 15,449,390 times
Reputation: 12099
Quote:
Originally Posted by Ponderosa View Post
Normally such a ridiculous act would scare the markets, but everyone is getting so inured to the utter incompetence of Trump and his ministers that it probably had no impact. Prices are falling because the market gets it that Trump tariffs are hurting the global economy and stifling profits.
No this dumb as a box of rock’s administrations words are pushing the markets into the ‘extreme fear’ category.
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Old 12-24-2018, 08:41 AM
 
Location: Camberville
11,988 posts, read 16,716,959 times
Reputation: 19622
Quote:
Originally Posted by DaveinMtAiry View Post
Not me. I'm 59 and was well aware that this drop/correction/full on bear market was long overdue. I was just kind of hoping it would happen already and get it over with so the market will be on the upswing a few years from when I am ready to start pulling funds from my retirement account. The worst thing to happen to a new retiree is what took place in 2000 with several years of down markets. They were forced to sell low and probably never really recovered.
I definitely banked wrong. I had planned on shifting into bonds in January, thinking we'd see a last hurrah in December.

I'll recover, but it really stinks for now.
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Old 12-24-2018, 08:43 AM
 
Location: Florida
62,722 posts, read 34,188,822 times
Reputation: 10408
Quote:
Originally Posted by Threerun View Post
No this dumb as a box of rock’s administrations words are pushing the markets into the ‘extreme fear’ category.
We have been in "extreme fear" territory for a long time.

https://money.cnn.com/data/fear-and-greed/

Last edited by Finn_Jarber; 12-24-2018 at 08:53 AM..
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Old 12-24-2018, 08:47 AM
 
7,085 posts, read 8,584,789 times
Reputation: 8868
The "greatest on the economy" this "great businessman" is so so great he broke a new record -- worst December in history since the Great Depression. I guess his fans are only too happy to get in the wayback machine, watching the stock market decline.
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Old 12-24-2018, 08:47 AM
 
Location: Lost in Montana *recalculating*...
11,838 posts, read 15,449,390 times
Reputation: 12099
Quote:
Originally Posted by Finn_Jarber View Post
We have been in "extreme fear" territory for a long time.
It’s in damn near panic mode. We’re peeling damn near 500pts off the Dow EVERY day..

Unbelievable. What a boneheaded thing for Treasury to do.
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