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.
It is only a matter of time before we enter the next bear market. I am trying to prepare for it mentally and emotionally. I am use to seeing my 401K and Fidelity account at a certain level. On occasion it has dropped 5-10% and I can take it but if the stock market drops 40-50-60% like it did in 2000-2002 and 2007-2009, I may panic and bail out at the bottom. I did both times!
Are you ready for the next HUGE BEAR MARKET? and will you panic like I did?
I use moving averages, so if stocks cross below, I'll just short the market. You can make easy money in bull and bear markets. Sideways markets are terrible though.
It is only a matter of time before we enter the next bear market. I am trying to prepare for it mentally and emotionally. I am use to seeing my 401K and Fidelity account at a certain level. On occasion it has dropped 5-10% and I can take it but if the stock market drops 40-50-60% like it did in 2000-2002 and 2007-2009, I may panic and bail out at the bottom. I did both times!
Are you ready for the next HUGE BEAR MARKET? and will you panic like I did?
I've got 45% in treasuries and 5% in investment grade corporates. After the big Trump treasury selloff, I rebalanced back to 50% bonds over the last few months. It ate my returns but I don't mind that if it gives me some peace of mind.
So if stocks crash 50% and bonds rise 10%, that's an overall portfolio loss of 20%.
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.