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Old Today, 04:08 PM
 
Location: East Coast of the United States
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Quote:
Originally Posted by TimtheGuy View Post
So when is this imminent recession supposed to start again?
Sometime between next month and 10 years from now.
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Old Today, 04:50 PM
 
Location: Boston
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it's going to be bad for those who haven't invested in the market for the past 10 years.
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Old Today, 04:58 PM
 
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I predict on February 30th, all hell is going to break loose. You read it here first!
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Old Today, 08:08 PM
 
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Quote:
Originally Posted by don1945 View Post
Here is the problem. People didn't learn a darned thing from the last recession. They went right back to their spending every penny they have, going deeper into debt ways. I bet people now do not have any more money in the bank than they did in 2008.


I already see signs of companies pulling their horns in and cutting back on staff and inventory. Plus, Trump's programs have not been exactly productive or encouraging.


Everything is cyclical and we will see another downturn at some point, I just hope it isn't what we saw 11 years ago.

Not everyone failed to learn something from the last recession. I kept going as usual, funding my retirement, saving in addition, didn't panic, never sold, didn't even watch the markets at all (yes, it's possible when your focus is 100% elsewhere and you're not thinking of investments or retirement). Knowing now what I didn't know back then, I would choose to buy even more shares than just what's on my auto-schedule to buy, after a market crash. I would still ignore the market gyrations and I would avoid and mute the Eeyores, Nervous Nellies, and the Triggered.

I'm a saver so that behavior continued before 2008 and after, and I also got educated about finance, taxes, retirement planning, FIRE, and put the time in to learn. It was time well-spent. I've been in the market going on 33 yrs now. My first investment (IRA) was the same month as Black Friday 1987. I was told to ignore it and I sure did. Didn't look at the balance for a few years, and it was easy to do so since the Interwebs didn't exist yet for consumers and I didn't open my statements.
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