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A Trump supporter on another thread declared it was a great buying opportunity when DOW fell 1000 points to 25 500. If he put his money where his mouth is, he is down big time. Others come out after the fact declaring how they pulled their money out at the peak of the market etc. Hard to take them seriously.
unless you are close to retirement, I wouldn't worry about it. downturns are part of the game. I have an old ira i'm basically using as an emergency fund. its mostly invested in lower risk bond funds so it hasnt taken much of a hit.
Save it and stop kvetching over it. Down, up, down, up. The overall trend is up. Chill out. You guys aren’t day traders.
Exactly. Another thing is that people think the money in their 401k is theirs and think THEY lost money when a downturn happens. It's not theirs until they withdraw it. Other than that they are gambling with house money and no gains or losses are realized until it's time to cash out. I don't know why some people think the markets are a savings account and think it should just keep going up and up forever. The markets are world wide casino and they are just gamblers at the table.
A Trump supporter on another thread declared it was a great buying opportunity when DOW fell 1000 points to 25 500. If he put his money where his mouth is, he is down big time. Others come out after the fact declaring how they pulled their money out at the peak of the market etc. Hard to take them seriously.
being down isn't a loss you know. you can buy at 25,500 or 24,500, or 23,500 and still come out fine if you hang in there.
A Trump supporter on another thread declared it was a great buying opportunity when DOW fell 1000 points to 25 500. If he put his money where his mouth is, he is down big time. Others come out after the fact declaring how they pulled their money out at the peak of the market etc. Hard to take them seriously.
I have an order in today. I always buy. No market timing. I just ride the wave. It's the best long term strategy.
being down isn't a loss you know. you can buy at 25,500 or 24,500, or 23,500 and still come out fine if you hang in there.
Sure, but the point is that it was NOT a great buying opportunity since it because the market shed another 3000 points. Its easy to say "buy the dip", when no one knows where the bottom is.
Over the course of 20 years, your odds of losing money on the market fall to almost zero. I'll continue to pile on cash into broad index funds.
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