Those of us who didn't panic and sell. Should we be worried? (brokerage, trading)
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it depends on what markets decide to do . if it is a flash in the pan then great but if it is a japan style turn down that takes decades to recover than bailing is best .
no one knows . it is only hind-site that is telling .
If you're close to retirement, then I suppose it's not a great situation.
But if retirement is decades away... don't worry about it. Best thing you can do at this point is leave it alone and ride the market back up (and it WILL be back up- much sooner than the chikin' littles think).
I was nervous a little, but I didn't sell since I am in it for the long haul. In fact, I bought (as luck would have it, I had cash that I just transferred sitting in my brokerage retirement account. I ended up buying the ETF IJJ at around $110 a share). It was as low as the high 90s, but there was a hold on trading and I couldn't buy right away. But I think I made a good move. I guess time will tell, but I have a few decades until retirement, so I think I am good.
I guess it depends on what stocks we're invested in. If we bought into stocks that were overpriced or oversold, are we doomed?
Lol - I have it made - all figured out - the one thing that I don't have to worry over (something I'm good at) How'd I do that - it was easy really - I don't own any - actually just live month to month. So I guess I'll think of it as an advantage even though it really isn't. It does save me trying to figure out what to do.
I was nervous a little, but I didn't sell since I am in it for the long haul. In fact, I bought (as luck would have it, I had cash that I just transferred sitting in my brokerage retirement account. I ended up buying the ETF IJJ at around $110 a share). It was as low as the high 90s, but there was a hold on trading and I couldn't buy right away. But I think I made a good move. I guess time will tell, but I have a few decades until retirement, so I think I am good.
Good man. Hold on for a few years and then watch how much money that decision has made you. It'll change your perspective when you see the power of continuously compounding interest.
AS of right now stocks are only down about 4.3% for the year when accounting for dividends. If this is a "crash" then this is nothing. Stocks crash 10% or more on average once every 11 months. So why should I be worried?
I guess it depends on what stocks we're invested in. If we bought into stocks that were overpriced or oversold, are we doomed?
if you're a dollar-cost-average advocate, it shouldn't even cause you to blink.
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