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I was told in a different thread that questioning the facially moronic decision to contact bank heads in order to calm the markets is “TDS”. Was that wrong?
Normally such a ridiculous act would scare the markets, but everyone is getting so inured to the utter incompetence of Trump and his ministers that it probably had no impact. Prices are falling because the market gets it that Trump tariffs are hurting the global economy and stifling profits.
You are getting them cheap, which is a good thing if you are in your 30s. People in their 50s and older are watching this in horror.
Not me. I'm 59 and was well aware that this drop/correction/full on bear market was long overdue. I was just kind of hoping it would happen already and get it over with so the market will be on the upswing a few years from when I am ready to start pulling funds from my retirement account. The worst thing to happen to a new retiree is what took place in 2000 with several years of down markets. They were forced to sell low and probably never really recovered.
You are getting them cheap, which is a good thing if you are in your 30s. People in their 50s and older are watching this in horror.
This is what I keep telling myself - and why I'm not even bothering to look at my 401K. Still hurts to see my long-term Betterment account drop more than $1000 in less than a month. Pocket change for some, but major for me.
On the flip side, my dad bet what little retirement savings he and my mother had day trading on the market. So much of my financial anxiety comes from knowing my parents are going to be looking to the bank of son and daughter of their retirement... and this certainly makes it worse.
Normally such a ridiculous act would scare the markets, but everyone is getting so inured to the utter incompetence of Trump and his ministers that it probably had no impact. Prices are falling because the market gets it that Trump tariffs are hurting the global economy and stifling profits.
No this dumb as a box of rock’s administrations words are pushing the markets into the ‘extreme fear’ category.
Not me. I'm 59 and was well aware that this drop/correction/full on bear market was long overdue. I was just kind of hoping it would happen already and get it over with so the market will be on the upswing a few years from when I am ready to start pulling funds from my retirement account. The worst thing to happen to a new retiree is what took place in 2000 with several years of down markets. They were forced to sell low and probably never really recovered.
I definitely banked wrong. I had planned on shifting into bonds in January, thinking we'd see a last hurrah in December.
Last edited by Finn_Jarber; 12-24-2018 at 08:53 AM..
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