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Please dont panic.
Stock market goes up and down all the time. Nothing happened. War did not start. This means market manipulation to scare the sheep. People panic, sell at a loss, bears come in and buy things up. Flush and repeat. Its how weak lose money and rich get richer.
the markets have been sooooo non volatile for a year that the trading machines were leveraging higher and higher buying stock with borrowed money .
when volatility is low the firm can borrow and buy more on margin because the loss potential in dollars is low.
but when volatility picks up they have to unload and sell or risk margin calls and losses bigger than they want . so all these computerized programs move together and selling leads to more selling .
the economy world wide is growing , unemployment is low , rates are still historically low and we have 81% of companies earnings being beat . throw in the tax cuts and this will hopefully be a flash in the pan because nothing changed . i bought today .
you will get no agreement from me . i have been in it for 30 years with nothing but fidelity funds and averaged 12% a year cagr through it all . just buying a simple s&p 500 index fund would have averaged over 10% .
so far we have had 117 rolling 30 year cycles which represent a typical retirement stage or accumulation stage . every one has been within 2 points of each other as an average .
you will get no agreement from me . i have been in it for 30 years with nothing but fidelity funds and averaged 12% a year cagr through it all . just buying a simple s&p 500 index fund would have averaged over 10% .
so far we have had 117 rolling 30 year cycles which represent a typical retirement stage or accumulation stage . every one has been within 2 points of each other as an average .
Congrats on your success. My 401K is in SP 500. Last year it yielded 19%. Bernie Madooff couldnt dream of such returns. He was pegged at 16, and thats in his LaLA land.
Buffets Berkshire has been in 8-9% range historically.
Either way, dont panic. Even BTC and LTC will recover.
btc i am not so sure of , talk about a bigger fool theory . i was doing some trading in gbtc but it is just to volatile .
that is my fun , but i rather go to vegas and get dinner and a show .
the markets on the other hand are business's with earnings . they have a value . the only question is where the future value is and that is what drives markets .
I lost a LOT by %, but I'm still up a LOT overall. 2017 was good. Don't trust your instinct and sell when things go down. That is what the housing crash of 2007-8 has taught me (albeit I had almost nothing in the market as a high school student working as an assistant accountant).
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