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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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Last edited by SSW; 09-18-2019 at 10:08 PM.. |
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09-19-2019, 08:05 AM | #25 |
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09-19-2019, 08:17 AM | #26 |
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Not the same thing.
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09-20-2019, 09:32 PM | #28 | |
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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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09-21-2019, 06:58 AM | #32 | |
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09-21-2019, 07:04 AM | #33 | |
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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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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, 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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09-23-2019, 08:05 AM | #41 |
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It’s 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, it’s just emotion driving the decision, not discipline.
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09-23-2019, 11:52 AM | #42 | |
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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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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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