Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Continue investing at the same rate as I have been for some time. Might accelerate it a bit but do not think this is the size of market volatility.
As far as losing the shirt, we have all been getting a haircut starting 2020 in the form of decline in the value of USD. That has continued and accelerated in 2022. I do not see that stopping anytime soon.
Continue investing at the same rate as I have been for some time. Might accelerate it a bit but do not think this is the size of market volatility.
As far as losing the shirt, we have all been getting a haircut starting 2020 in the form of decline in the value of USD. That has continued and accelerated in 2022. I do not see that stopping anytime soon.
Selling is for amateurs who thought they knew their risk tolerance and didn’t or they don’t understand how hard it is timing their way back in.
The time to think about selling was when we were hitting new highs
I sold. closed out a put. Of course it may be too early but 400% is better than nothing when it expires next month.
And yes, I've lost my shirt on other trades.
Wondering how everybody is faring in this market downturn. Did you sell or hang in there? How much confidence do you have since most predictions say it’s not over yet. Personally I’ve lost a chunk and not even heavily invested in shocks. At my age, it’s scary.
As you can see, different people have different reactions to a downturn in the market. For some, it's a time of anxiety and depression. For others, it's an opportunity to buy stocks at a lower price.
To answer your question, my only recent sales were about a 3 or 4 weeks ago on some ETF's (Energy and Utilities) that had done very well over the past couple of years. And I only sold a small portion (about 15% to 20%) of those because I think they are still good investments. I simply wanted to take some chips off the table (and old poker expression) to lock in a portion of those gains.
Surprisingly perhaps, I've started buying some short term bonds and some intermediate term bonds. I've also begun nibbling (buying) an international growth fund (VWIGX) and a Communications Services ETF (VOX), both of which are off considerably from their highs of a few months ago and selling at fairly reasonable valuations (IMO). However, I wouldn't be a bit surprised to see them go lower, and if they do, I'll buy some more.
well,all the cash from sales,would have to find a home,
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
