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      09-18-2019, 02:06 PM   #23
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If anything I would appreciate a massive market correction. I've heard speculation of a 50% loss and with 20 plus years of investing ahead of me, I'd like a nice firesale to take advantage of.
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      09-18-2019, 05:45 PM   #24
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All of my $ is in cash. Got out of the market years ago.

I receive more pension/trust income than I would every "earn" from the cash I have, if I continued to "invest" it. There's no risk of loss from market dysfunction and, since I've been out, the market has been essentially stagnant anyway.

So, I don't even pay attn to the "market" anymore.
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      09-19-2019, 08:05 AM   #25
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a correction is not a bubble.
I think you get my point.
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      09-19-2019, 08:17 AM   #26
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Quote:
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Quote:
Originally Posted by roastbeef View Post
a correction is not a bubble.
I think you get my point.
Not the same thing.
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      09-19-2019, 11:08 AM   #27
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Quote:
Originally Posted by grocerylist View Post
If anything I would appreciate a massive market correction. I've heard speculation of a 50% loss and with 20 plus years of investing ahead of me, I'd like a nice firesale to take advantage of.
Same.
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      09-20-2019, 09:32 PM   #28
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Quote:
Originally Posted by SSW View Post
All of my $ is in cash. Got out of the market years ago.

I receive more pension/trust income than I would every "earn" from the cash I have, if I continued to "invest" it. There's no risk of loss from market dysfunction and, since I've been out, the market has been essentially stagnant anyway.

So, I don't even pay attn to the "market" anymore.
Stagnant??????? LOL. My investment accounts massively disagree over the past 7 years.
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      09-20-2019, 09:41 PM   #29
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I think I might pull all my funds out to speculate on air cooled 911's
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      09-20-2019, 10:45 PM   #30
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Retirement accounts still in low fee index funds but moved a bunch out of the market to fund a real estate transaction. Haven’t put it back in only because more liquid investments have given an equal to slightly higher return than current S&P over the same period (13mo or so). Can’t pretend to be able to time the market, but still looking to get back in on some discounts or a dip. Current news and length of the run not inspiring a lot of confidence at the moment.
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      09-21-2019, 12:33 AM   #31
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Quote:
Originally Posted by SSW View Post
All of my $ is in cash. Got out of the market years ago.

I receive more pension/trust income than I would every "earn" from the cash I have, if I continued to "invest" it. There's no risk of loss from market dysfunction and, since I've been out, the market has been essentially stagnant anyway.

So, I don't even pay attn to the "market" anymore.
Stagnant? I wouldn't call it stagnant. Maybe a little bumpy here lately, but not stagnant. Here is my 401k that is invested in a variety of mutual funds:
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      09-21-2019, 06:58 AM   #32
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Quote:
Originally Posted by SSW View Post
All of my $ is in cash. Got out of the market years ago.

I receive more pension/trust income than I would every "earn" from the cash I have, if I continued to "invest" it. There's no risk of loss from market dysfunction and, since I've been out, the market has been essentially stagnant anyway.

So, I don't even pay attn to the "market" anymore.
I donít know what investments you have been looking at but but Iíve easily cleared double digit growth YoY for the past 5-6 years. While my portfolio is growing well, I know a correction will come at some point. I intend to buy more cheaply and have dividend reinvestment help me continue to increase my position as well.
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      09-21-2019, 07:04 AM   #33
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Originally Posted by AlpineWhite_SJ View Post
Retirement accounts still in low fee index funds but moved a bunch out of the market to fund a real estate transaction. Havenít put it back in only because more liquid investments have given an equal to slightly higher return than current S&P over the same period (13mo or so). Canít pretend to be able to time the market, but still looking to get back in on some discounts or a dip. Current news and length of the run not inspiring a lot of confidence at the moment.
Iíve been hearing correction for five years. These are people who just want to be able to say they said it first and say I told you so. No one knows whatís going to happen. If Iíve learned anything the past ten years, market speculation is much less evaluation of a true company worth but rather emotions. Look what happens when Trump sends a simple tweet. The market dives or climbs based on 140 words of jibberish that truly have no bearing the the market. You could argue his statements on tariffs and negotiating with China may be insightful but honestly most of them have turned out to be nothing burgers. I would he would just shut up and it makes me think he is playing the market for his own benefit knowing how it will react and buying/selling/shorting accordingly.
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      09-21-2019, 09:27 AM   #34
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all i am going to say is that we are breaking records for bull markets... lowering interest rates in an environment of this sort is effectively band aiding or trying to pro long it... it goes against all economic reason... something HAS to happen or every economic law will be violated
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      09-22-2019, 09:10 PM   #35
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Other than the 401K I have with my employer and some real estate investments, I pulled everything I have from the markets into 12 month CDs. I was able to capitalize during the 2008 recession. For the coming 12 months, I won't be earning much interest, maybe slightly coming out ahead against inflation, but I feel like a weight has been lifted off my shoulders.
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      09-22-2019, 09:45 PM   #36
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Quote:
Originally Posted by c1pher View Post
Iíve been hearing correction for five years. These are people who just want to be able to say they said it first and say I told you so. No one knows whatís going to happen. If Iíve learned anything the past ten years, market speculation is much less evaluation of a true company worth but rather emotions. Look what happens when Trump sends a simple tweet. The market dives or climbs based on 140 words of jibberish that truly have no bearing the the market. You could argue his statements on tariffs and negotiating with China may be insightful but honestly most of them have turned out to be nothing burgers. I would he would just shut up and it makes me think he is playing the market for his own benefit knowing how it will react and buying/selling/shorting accordingly.
Donít disagree with the speculation bit, and if I was in with that chunk of money I probably wouldnít be pulling it out. Like I said, it was just random chance I pulled it for other reasons and given it was last July/Aug and the market hasnít risen all that significantly compared to then, there hasnít been a compelling reason to put it back in. Money market over the same period is pretty close with way less risk. Given the length of the run, trade issues, growth indicators pointing to slowing, its more about real data than some punditís prediction. If earnings season shows strength, Iíd consider putting more back in, but if not iíll be well positioned to pick things up at a relative discount. Still all in for retirement so itís basically a hedge.
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      09-22-2019, 10:17 PM   #37
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how old are you guys that are panicking over typical market volatility? are you about to retire?
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      09-23-2019, 05:54 AM   #38
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Quote:
Originally Posted by roastbeef View Post
how old are you guys that are panicking over typical market volatility? are you about to retire?
Close to retirement, but hoping to live much longer so staying in for the long haul. Still buying on the dips.
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      09-23-2019, 06:12 AM   #39
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Meet Bob, the world's worst market timer. It's time in the market, not market timing.

https://prosperion.us/commentary/mee...-market-timer/
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      09-23-2019, 07:22 AM   #40
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Quote:
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how old are you guys that are panicking over typical market volatility? are you about to retire?
I am 33. I wouldn't say panicking, just ensuring that I have liquidity in the event of a significant market correction.
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      09-23-2019, 08:05 AM   #41
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Itís a proven fact that market timing rarely works out better than a buy/hold strategy. The only reason someone should be going to cash is if they have an upcoming liquidity event (aka, forced distributions or spending needs). Otherwise, itís just emotion driving the decision, not discipline.
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      09-23-2019, 11:52 AM   #42
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Quote:
Originally Posted by roastbeef View Post
how old are you guys that are panicking over typical market volatility? are you about to retire?
45 here. Hope to retire or partially retire in my early 50s.

i'm currently invested heavily in S&P 500 index funds, Berkshire Class B, bond funds, and a few others. My portfolio closely follows market performance. My portfolio has grown significantly in the past 6 years, especially after getting rid of my broker and the high cost funds he had me in.

I haven't and won't be selling or moving anything. Market timing doesn't work and is shear luck. I will weather the upcoming correction, bubble, whatever just like I have for the past 25 years. I lost ~40% of my portfolio's value back in 2008-2010. I recovered all of it plus a crap ton more. Same goes for every other correction we've had since about 1995.

Time in the market and Warren Buffett's "15-minute retirement plan". That's all you need to know.
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      09-23-2019, 03:34 PM   #43
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Quote:
Originally Posted by XutvJet View Post
45 here. Hope to retire or partially retire in my early 50s.

i'm currently invested heavily in S&P 500 index funds, Berkshire Class B, bond funds, and a few others. My portfolio closely follows market performance. My portfolio has grown significantly in the past 6 years, especially after getting rid of my broker and the high cost funds he had me in.

I haven't and won't be selling or moving anything. Market timing doesn't work and is shear luck. I will weather the upcoming correction, bubble, whatever just like I have for the past 25 years. I lost ~40% of my portfolio's value back in 2008-2010. I recovered all of it plus a crap ton more. Same goes for every other correction we've had since about 1995.

Time in the market and Warren Buffett's "15-minute retirement plan". That's all you need to know.
You and I are the same age and pretty much have the same thoughts and investments going on. I do keep a fair amount of cash available. It's not earning me much, but I keep about 18 months of living expenses as an emergency fund.

But I think it's more of an impact of how I grew up in an environment where if my parents even had to replace tires on their car.....it would put them in a financial bind. I will admit I'm OCD about it, but the peace of mind it does give me pays off more than if I had it tied up and not easily attainable.
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      09-23-2019, 07:28 PM   #44
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Agreed with all of that. I too am diligent about having an adequate supply of cash for expenses (about a year) plus I have a cash reserve which is my "war chest" where if the market goes in the tank, I'm buying solid investments at a low price.
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