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I think some doom and gloom is warranted given the massive inflows into stocks late last year. I'm seeing posts on reddit about people putting all their investments into nvidia, 3x nasdaq etf's, and the like. We're also overdue for a rise in the vix.
And I don't think the logic of an election year will apply because bi-partisan cooperation is dead.
I have been investing for 50 years or so ( and now retired for close to 20 years ). I have never paid much attention to "doom and gloom" or "here's how to make more money" ...
I do not consider myself a skilled or savvy investor. Just not reckless.
I have made huge net profits in real estate ( some big profits, some modest losses, but overall huge net profit ), and almost-huge profits ( long-term ) in the stock market. There were ups and downs but I stayed the course, and benefited from not giving up.
But then in 2022 my retirement investment account lost around 20%. I didn't see that coming back anytime soon, so I bailed out. Maybe smart, maybe not. My time for rocking-and-rolling in the market has passed. Now I settle for 5% in safer investments.
Of course I don't need any of my investment income to live on. It's just nice knowing it is there and compounding. I live quite comfortably on half my non-investment income and put the other half into savings.
personally i would never stick my money in a low paying job while it works for me.
it’s been working for me for more then 30 years in markets and while i got it an age appropriate job now in retirement it still is working way above minimum wage job level for me and always will be..
i live off our portfolio and so it has the important job of supporting me and fixed income alone can never do that without taking a very high risk since fixed income alone has already failed to last at even a 4% inflation adjusted draw 67% of the already 123 rolling 30 year retirements we have had to date
Last edited by mathjak107; 01-13-2024 at 11:48 AM..
I'm not going to make predictions on the stock market but I believe that consumer credit will need to be tightened and there will be a large number of layoffs during 2024.
I'm not going to make predictions on the stock market but I believe that consumer credit will need to be tightened and there will be a large number of layoffs during 2024.
Both of those thing may or may not occur in 2024, but neither is a reason to sell stocks.
A large number of layoffs would be a reason to sell stocks, if that were to happen.
Why? A large number of layoffs, while bad for the people losing their jobs and for the economy in general, is not in and off itself a reason to sell of stocks. In fact, if stocks do sell off, that would be time to roll up your sleeves and start buying.
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