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stl07
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What should we do with our money in the market

Thu Mar 12, 2020 3:05 am

I'm going with waiting it out, but I'm worried that isn't the right thing as I see the money disappear
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DL717
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Re: What should we do with our money in the market

Thu Mar 12, 2020 3:14 am

Hold.
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fr8mech
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Re: What should we do with our money in the market

Thu Mar 12, 2020 3:17 am

Right now, we haven't lost anything but value. Cash out and you've lost money.

I was going to sell a couple hundred shares of some stock I own to handle the down-payment on a car, and knock the sting out of some high school tuition, but the price has dropped ~$25/share (22%) since Feb, so I'm going to hold it for a little bit and tighten the belt.
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LabQuest
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Re: What should we do with our money in the market

Thu Mar 12, 2020 3:20 am

Unless you're retiring in the next 180 days you should do nothing.
 
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DL717
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Re: What should we do with our money in the market

Thu Mar 12, 2020 3:21 am

LabQuest wrote:
Unless you're retiring in the next 180 days you should do nothing.


And even then it would be a questionable decision.
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stl07
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Re: What should we do with our money in the market

Thu Mar 12, 2020 3:48 am

Glad I'm doing the right thing. It's just hard to watch
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Love how every "travel blogger" says they will never fly AA/Ethihad again and then says it again and again on subsequent flights.
 
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Jouhou
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Re: What should we do with our money in the market

Thu Mar 12, 2020 4:11 am

"Hold" is right, take no action until the dust settles. Also maybe spend money on physical goods if you haven't already, like the 2 weeks of supplies Americans were pretty much told to have on hand in case of a quarantine. Spaghettios will retain their value no matter what the markets are doing, even in some post-apocalyptic scenario.
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KFTG
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Re: What should we do with our money in the market

Thu Mar 12, 2020 4:20 am

But they said I'd be winning?
 
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DeltaMD90
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Re: What should we do with our money in the market

Thu Mar 12, 2020 4:32 am

Don't pull it out! People see the stock market doing well so they invest their (buy high) and then freak out when it starts going down (sell low.)

Buying high and selling low doesn't sound very good does it?

stl07 wrote:
Glad I'm doing the right thing. It's just hard to watch

Don't watch it. That'll do no good. It will come back. Don't touch it!

Trust me, I've already lost about $60k before today... or really, I haven't, because I'm not pulling out. Wait will it bottoms out and then pump money in! Buy low!

If you sell now then yes, you've lost money. The best thing is for you to invent a time machine and go back a month and pull your money out (and warn us.) If you can't do that, don't cut your losses. It will come back.

I read an article about Bob (made up guy) and he only invested the day before each major stock market crash but he held. He ended up retiring with a bunch of money. It'll take a few years but it will come back and then increase

I for one am not happy about any of this but the silver lining is it's the investment opportunity I've been waiting for. Gonna buy a ton of stocks or even real estate (if that crashes) when the dust settles. Still hoping this is a blip but idk...
 
MareBorealis
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Re: What should we do with our money in the market

Thu Mar 12, 2020 4:34 am

stl07 wrote:
Glad I'm doing the right thing. It's just hard to watch


It's better not to watch at all now, just leave it there.
 
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fr8mech
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Re: What should we do with our money in the market

Thu Mar 12, 2020 5:27 am

stl07 wrote:
Glad I'm doing the right thing. It's just hard to watch


Hold on there Kimosabi, no one here said it's the right thing, it's just what everyone commenting here appears to be doing. Personally, I think it's the right move, but that's based on a long term outlook, considering historical data.

But, this is a little different than the crashes we've seen in the recent (30 years or so) past. All those crashes were a result of market forces (not really, but we have accepted government intervention in the market as a market force); this crash is a result of an external pressure that the market hasn't really seen before. This isn't a hurricane that takes out Gulf production fields, or a tornado that rips up a refinery (next to a trailer park), or an earthquake that beats up an industrial basin, or even an election cycle that sees an angry old marxist-socialist as a front-runner.

This is something deeper and longer lasting and, largely, unknown. And the stock market hates the unknown.

But, I ain't selling anything right now, because that only makes the losses real, instead of paper.
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DLFREEBIRD
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Re: What should we do with our money in the market

Thu Mar 12, 2020 5:36 am

I was out the first day, I had tight stops. I haven't gone back in. I was going to go back in last Monday but the Asia market dropped, the night before. I don't know if anybody noticed that Asia market drops, then the US market drops. So, I decided to wait. Now it's a bear market. I will probably go back in, right now my money is parked.
 
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fr8mech
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Re: What should we do with our money in the market

Thu Mar 12, 2020 6:02 am

DLFREEBIRD wrote:
I was out the first day, I had tight stops.


I will note, that I had a couple of hard stops also, automatically bailed on both Disney and Apple (glad I updated those stop values in January), and made a good chunk of money on them, but that was early in the event. I'm holding fast on everything else.
When seconds count...the police are minutes away.
Unless it's expressly prohibited, it's allowed.
You are not entitled to a public safe space.
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ATCtower
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Re: What should we do with our money in the market

Thu Mar 12, 2020 1:23 pm

I was in investment banking before switching to the aviation industry. That’s not to say I know the answer but I will echo what others have said.

Right now I’m maintaining a ‘strong hold’ position. Personally I am expecting the market to continue to drop likely around the 15k mark for the Dow. At which time I expect certain tangibles (gold/silver etc) to start spiking.

If one were to be diversified and wait for that spike and dump their gold/silver and go ‘strong buy’, they’d likely be in a position to clean up, as the market WILL recover.

It’s easy for me to say this with some knowledge and 10+ years before retirement. If I were looking at retiring this year it would be a VERY difficult mentality but I would hope I would maintain the same discipline.

Buying high and selling low is a better way to lose money than starting an airline.
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casinterest
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Re: What should we do with our money in the market

Thu Mar 12, 2020 1:43 pm

Keep investing. This could be the ultimate dollar cost average for those with 401K's. The economy at some point is going to outweigh the response to the virus. The numbers indicate that those that are most susceptible to the virus are not those in the working economy. Currently the governments need to restrict the growth and spread of the virus,but as weeks move to months and vaccines and treatments come available, and people go through the corona-virus and come out healthy. the economy will pick up.
Where ever you go, there you are.
 
Dieuwer
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Re: What should we do with our money in the market

Thu Mar 12, 2020 1:54 pm

I bought some puts a while back. At least something is going up in value! :D
I am now 65% invested, 35% cash. I will dip in if S&P500 < 2,000.
 
nkops
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Re: What should we do with our money in the market

Thu Mar 12, 2020 2:07 pm

As someone whose IRA runs mostly off the stock market (and 15 years to go until retirement), now is the time to put money in it because I think at some point it will recover.. and if I am wrong I work until I die
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Francoflier
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Re: What should we do with our money in the market

Thu Mar 12, 2020 2:15 pm

The question is whether this crisis is purely the result of the virus mass hysteria or whether it uncovered an underlying weakness in the economy and triggered a large scale correction. This would dictate how fast it recovers.

Unlike 2008, I can't see anything fundamentally wrong with the state of the economy as it was before (in relative terms) apart from the attrition effect of the trade war and relatively high volatility. Maybe the unrelated Oil War just happened when everyone was getting jittery and acted as the proverbial straw. Then again, I am FAR from being an expert.

Either way, if you have a bit of cash lying around, it will soon be a good time to go shopping for stocks.
I'll do my own airline. With Blackjack. And hookers. In fact, forget the airline.
 
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DeltaMD90
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Re: What should we do with our money in the market

Thu Mar 12, 2020 2:18 pm

The only thing I'm worrying about is chasing it to the bottom and running out of money. I put some money in a few days ago when it dipped... I don't regret it, it'll come back (obviously if I could go back in time I would've held a little longer)

But I'll rinse and repeat. I just hope I don't do this too much and miss it when it bottoms out. Think I'll hold off for a bit and see. But if it does go up I missed out on this opportunity. Hmm.
 
Dieuwer
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Re: What should we do with our money in the market

Thu Mar 12, 2020 4:08 pm

DeltaMD90 wrote:
The only thing I'm worrying about is chasing it to the bottom and running out of money. I put some money in a few days ago when it dipped... I don't regret it, it'll come back (obviously if I could go back in time I would've held a little longer)

But I'll rinse and repeat. I just hope I don't do this too much and miss it when it bottoms out. Think I'll hold off for a bit and see. But if it does go up I missed out on this opportunity. Hmm.


I think it is better to be a little late than too early.
 
anrec80
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Re: What should we do with our money in the market

Thu Mar 12, 2020 4:54 pm

[photoid][/photoid]
fr8mech wrote:
Right now, we haven't lost anything but value. Cash out and you've lost money.

I was going to sell a couple hundred shares of some stock I own to handle the down-payment on a car, and knock the sting out of some high school tuition, but the price has dropped ~$25/share (22%) since Feb, so I'm going to hold it for a little bit and tighten the belt.


I wouldn’t want to press forward with the car right now. I’d wait until we see stable ground.
 
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Aesma
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Re: What should we do with our money in the market

Thu Mar 12, 2020 5:41 pm

French CAC40 -12,28% today, biggest drop in history. -33,6% in 3 weeks

My company (part of the CAC40, and I own a lot of stock I can't sell), -40%.

I sold everything else at a profit, I'm still not losing anything and probably won't as I got matching contributions, but still, I feel much poorer. My job should be OK, but I was thinking of quitting to find a better paid job, that will wait.
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anshabhi
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Re: What should we do with our money in the market

Thu Mar 12, 2020 6:07 pm

So the $1,500 billion stimuli announced by Fed has failed to stabilize the market in any way. I am telling you, We are in a recession.
 
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DeltaMD90
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Re: What should we do with our money in the market

Thu Mar 12, 2020 7:55 pm

Well it's been educational. I guess I was the sucker that saw a good discount as we were all falling off a cliff.

Didn't put in more than I can afford to lose, and I'm sure I'll recoup it (one day.) Think I'll wait until we are out of this freefall, smack into the ground, and start to rise again
 
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Aesma
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Re: What should we do with our money in the market

Thu Mar 12, 2020 8:50 pm

The problem is first an health care issue, central banks can't do anything about that, then it's the real economy being affected by the first, central bank can't do much about that either, especially when rates are already low. I don't know what people expected exactly.
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jetwet1
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Re: What should we do with our money in the market

Thu Mar 12, 2020 9:07 pm

KFTG wrote:
But they said I'd be winning?


While I am all for kicking Trump, this really isn't the place or the time.

Francoflier wrote:

Unlike 2008, I can't see anything fundamentally wrong with the state of the economy as it was before (in relative terms) apart from the attrition effect of the trade war and relatively high volatility. Maybe the unrelated Oil War just happened when everyone was getting jittery and acted as the proverbial straw. Then again, I am FAR from being an expert.


Compared to 2008 the economy is doing rather well, except for a few things I use to indicate issues ahead, car repos being the biggee, most indicators are fine.

DeltaMD90 wrote:
Well it's been educational. I guess I was the sucker that saw a good discount as we were all falling off a cliff.

Didn't put in more than I can afford to lose, and I'm sure I'll recoup it (one day.) Think I'll wait until we are out of this freefall, smack into the ground, and start to rise again


Don't beat yourself up, timing buying at the very bottom for any stock is nearly impossible, if you see value there just hold on to it.

If it makes you feel any better, I bought a chunk of my companies stock yesterday at $18, closed at $14 today....Crap, but I know the fundamentals are there, if it hit's $10 then life will get interesting as I will annoy the wife and buy some more.
 
frmrCapCadet
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Re: What should we do with our money in the market

Fri Mar 13, 2020 1:14 am

Isn't the conservative investment plan to put monthly savings for retirement in stocks when the market is down/going down? And in bonds when rising, as this results in maintaining asset allocation goals.
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Ken777
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Re: What should we do with our money in the market

Fri Mar 13, 2020 1:52 am

Look a the financial strength (and especially cash holdings) and stay with the stronger ones, like Apple. Companies heavily in debt and cash positions hit hard by the drop in revenue) are the ones I would dump.

Coronavirus is just starting in the US and there will be major suffering financially for many people and companies. Government efforts will, to a large degree, focus on helping the wealthy and Trump. Look for Trump to "Protect" the hotel industry, like excluding his UK properties from his ban of Europeans from traveling to the US. UK travelers are exempt.

I would also assume that the DOW could go below 1500 before too long and that will destroy many in the market. Personally I would take what I had in the market, except for very strong companies, and hold it in government securities until I believe the market has hit bottom, then come back into the market with only strong companies who were prepared to weather the financial storm. I am talking about companies like Apple - very strong cash position, solid customer base and commitments to R&D and product development.
 
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WarRI1
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Re: What should we do with our money in the market

Fri Mar 13, 2020 2:02 am

When you are my age, you ride it out, no other choice.
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ACDC8
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Re: What should we do with our money in the market

Fri Mar 13, 2020 5:32 am

All depends in where/what you have your money invested. With some investments, it may be a good idea to get out, others stay in.
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Jouhou
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Re: What should we do with our money in the market

Fri Mar 13, 2020 8:37 am

anshabhi wrote:
So the $1,500 billion stimuli announced by Fed has failed to stabilize the market in any way. I am telling you, We are in a recession.


Money has no value if there is there is no productivity.

Likewise, when the world's biggest economies start shutting down their economies, even if they're taking turns, you're going to have economic contractions. This is 100% going to be declared a recession at some future date when they have the economic data in hand to prove it.

That is why the market is crashing, because in the real world economies are screeching to a halt. Oil is not being consumed, resulting in the oil price war, everyone is clamoring for market share when the lack of consumption made drastic OPEC+ production cuts inadequate and is still causing oversupply and falling prices in the first place.

You can't stimulate the economy back to life without addressing the problem causing the bleeding. Governments should be going all in on funneling money into the pandemic fight. IE offer lucrative contracts for manufacturers to bolster production of PPE, ventilators, test reagents. Fund public health agencies. Subsidize important but heavily impacted industries such as air travel. Make use of other heavily impacted industries, such as hotels for quarantining people. Stop the problem to minimize economic damage, then stimulate the economy after the problem is resolved.

It's sort of bizarre, governments have researched and rehearsed pandemic plans that involve these actions. Right now they're acting as panicked and disoriented as the people cleaning stores out of toilet paper. Governments, get a hold of yourselves.

So far Taiwan, China, South Korea, and Singapore are the only countries actually sticking to their pandemic plans. All of the western countries are going completely off-script.
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AtomicGarden
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Re: What should we do with our money in the market

Mon Mar 16, 2020 1:24 am

My GF's brother in law works for the nation's Central Bank and is a financial buff; he's the type of men who would buy cheap. I have some bonds that plummeted and shares that hit rock bottom (the latter which I bought just for the fun -- like a casino) and I dare not touch them.
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Dieuwer
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Re: What should we do with our money in the market

Mon Mar 16, 2020 1:35 am

Jouhou wrote:
anshabhi wrote:
So the $1,500 billion stimuli announced by Fed has failed to stabilize the market in any way. I am telling you, We are in a recession.


Money has no value if there is there is no productivity.

Likewise, when the world's biggest economies start shutting down their economies, even if they're taking turns, you're going to have economic contractions. This is 100% going to be declared a recession at some future date when they have the economic data in hand to prove it.

That is why the market is crashing, because in the real world economies are screeching to a halt. Oil is not being consumed, resulting in the oil price war, everyone is clamoring for market share when the lack of consumption made drastic OPEC+ production cuts inadequate and is still causing oversupply and falling prices in the first place.

You can't stimulate the economy back to life without addressing the problem causing the bleeding. Governments should be going all in on funneling money into the pandemic fight. IE offer lucrative contracts for manufacturers to bolster production of PPE, ventilators, test reagents. Fund public health agencies. Subsidize important but heavily impacted industries such as air travel. Make use of other heavily impacted industries, such as hotels for quarantining people. Stop the problem to minimize economic damage, then stimulate the economy after the problem is resolved.

It's sort of bizarre, governments have researched and rehearsed pandemic plans that involve these actions. Right now they're acting as panicked and disoriented as the people cleaning stores out of toilet paper. Governments, get a hold of yourselves.

So far Taiwan, China, South Korea, and Singapore are the only countries actually sticking to their pandemic plans. All of the western countries are going completely off-script.


The last 20 years we have seen one crisis after the other. And every time Western governments fumbled around and the only response was to print more and more money. Wall Street billionaires got wealthier and wealthier while the rest of country was left in the dumpster.
At a certain point, someone with a brain has to just say: ENOUGH ALREADY!

It is clear that the current economic and political system is morally bankrupt. Things really have to change big time. Soon.
Last edited by Dieuwer on Mon Mar 16, 2020 1:38 am, edited 2 times in total.
 
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Pellegrine
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Re: What should we do with our money in the market

Mon Mar 16, 2020 1:36 am

Too late if you have to ask. Hold. I was selling off all fall, but now...hold.
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Apiculteur
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Re: What should we do with our money in the market

Mon Mar 16, 2020 7:06 am

Absolute layman here. How about buying LH - shares now?
 
Eiszeit
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Re: What should we do with our money in the market

Mon Mar 16, 2020 8:34 am

my pesonal view as of 8:30 gmt on the 16th of march, this is not the the bottom of the pit for the markets, we are balancing on the rim.
 
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InsideMan
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Re: What should we do with our money in the market

Mon Mar 16, 2020 10:01 am

Eiszeit wrote:
my pesonal view as of 8:30 gmt on the 16th of march, this is not the the bottom of the pit for the markets, we are balancing on the rim.


yep, agree. People still believe it will only be weeks.....
 
Apiculteur
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Re: What should we do with our money in the market

Mon Mar 16, 2020 10:52 am

InsideMan wrote:
Eiszeit wrote:
my pesonal view as of 8:30 gmt on the 16th of march, this is not the the bottom of the pit for the markets, we are balancing on the rim.


yep, agree. People still believe it will only be weeks.....


Thank you. So I'll wait...
 
frmrCapCadet
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Re: What should we do with our money in the market

Mon Mar 16, 2020 12:36 pm

75% social distancing could pretty well stop the pandemic in it tracks in 8 weeks. Many state governors and big businesses are acting to make this happen. At that point fast good monitoring with easily available fast testing for fever, coughs, respiration problems, subsequent isolations along with discovering what treatments work best (here is hoping something works well), and the economy can SLOWLY ramp up. It will not be pretty. We can do it. After infections a definitely slowed, the economy starts moving we can assess. Timing as always will be a crap shoot. About that I know less than I know about the virus.
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Kno
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Re: What should we do with our money in the market

Mon Mar 16, 2020 12:46 pm

They’re down right now and they’ll go back up eventually. This isn’t the first time the market has panicked, it won’t be the last time, and the economy will return to health at some point.

With caution buying low is a good idea.
 
planewasted
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Re: What should we do with our money in the market

Mon Mar 16, 2020 2:20 pm

At the end of each month I always re-balance so I have 30% cash, 70% stocks (generic global funds). I see no reason to change my strategy.
 
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einsteinboricua
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Re: What should we do with our money in the market

Mon Mar 16, 2020 8:20 pm

I moved everything in my 401k to bonds last week, leaving only 5% on the other funds I keep invested while attempting to lock the gains from 2017 (since I lost the gains from 2018 and 2019 already). I kicked myself on Friday when the market bounced, but I knew developments over the weekend would not be positive. Lo and behold: today it was another bloodbath and the news that came out today pretty much ensures that the market will not recover any time soon. GDP numbers come out next month and that may keep the bear market alive for a while.

Once I start seeing that we've cleared the 2017 gain level and enter 2018 territory, I'll move from bonds and buy back.

Buying low makes sense if you sold and have the cash at the ready. An investment that started at $100, was worth $200 at its peak, and is now worth $55 isn't going to get you anywhere. You lost money so you only have $55 to sell and reinvest elsewhere. If you sold it at $110, and it's worth $55, you can now buy 2 units which can double your money faster than just letting 1 unit rise.
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rfields5421
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Re: What should we do with our money in the market

Mon Mar 16, 2020 9:02 pm

Frankly, I'm looking for some prime blue chips and buying them cheap..

Companies that will not fail. Unfortunately, that does not include airline stocks in the US.

In Sept 2008, I was retiring in December, as my bank was taken over by the FDIC, I thought about sell my stocks in the 401K and turning the money into a cash position.

I did not, and my 401K value fell to only 55% of what it was in Sept by the end of Oct.

But by next June when I had to take the 401K out of the company fund, it was back up to 135% of that it had been in Oct. Two years later in an IRA it had more than doubled. But I had other money so I didn't need cash from the 401K right them.

Sold some stock on the first up tick a few days ago, and bought some today. almost doubled my number of shares in some companies that pay good dividends.

Saw the same thing happen in 1987.
Not all who wander are lost.
 
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northstardc4m
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Re: What should we do with our money in the market

Tue Mar 17, 2020 4:01 pm

rfields5421 wrote:
Frankly, I'm looking for some prime blue chips and buying them cheap..

Companies that will not fail. Unfortunately, that does not include airline stocks in the US.

In Sept 2008, I was retiring in December, as my bank was taken over by the FDIC, I thought about sell my stocks in the 401K and turning the money into a cash position.

I did not, and my 401K value fell to only 55% of what it was in Sept by the end of Oct.

But by next June when I had to take the 401K out of the company fund, it was back up to 135% of that it had been in Oct. Two years later in an IRA it had more than doubled. But I had other money so I didn't need cash from the 401K right them.

Sold some stock on the first up tick a few days ago, and bought some today. almost doubled my number of shares in some companies that pay good dividends.

Saw the same thing happen in 1987.


Well never ever invest in an airline... any airline... :irked:

I've been holding off making any more changes for now... I got lucky an got in on some things on the 11th and 12th that were down and have stayed flat since, mainly financials. Those should rebound sooner than other things.

Otherwise I'm not selling anything for now, ride it out. I still have some cash sitting waiting but that will wait until I have some idea what will rebound sooner and what won't. Still might grab some CCL stock... 100 shares to get their shareholder perks once/if they drop under $9/share... getting close.
Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety.
 
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InsideMan
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Re: What should we do with our money in the market

Wed Mar 18, 2020 8:43 pm

northstardc4m wrote:
rfields5421 wrote:
Frankly, I'm looking for some prime blue chips and buying them cheap..

Companies that will not fail. Unfortunately, that does not include airline stocks in the US.

In Sept 2008, I was retiring in December, as my bank was taken over by the FDIC, I thought about sell my stocks in the 401K and turning the money into a cash position.

I did not, and my 401K value fell to only 55% of what it was in Sept by the end of Oct.

But by next June when I had to take the 401K out of the company fund, it was back up to 135% of that it had been in Oct. Two years later in an IRA it had more than doubled. But I had other money so I didn't need cash from the 401K right them.

Sold some stock on the first up tick a few days ago, and bought some today. almost doubled my number of shares in some companies that pay good dividends.

Saw the same thing happen in 1987.


Well never ever invest in an airline... any airline... :irked:

I've been holding off making any more changes for now... I got lucky an got in on some things on the 11th and 12th that were down and have stayed flat since, mainly financials. Those should rebound sooner than other things.

Otherwise I'm not selling anything for now, ride it out. I still have some cash sitting waiting but that will wait until I have some idea what will rebound sooner and what won't. Still might grab some CCL stock... 100 shares to get their shareholder perks once/if they drop under $9/share... getting close.


Jesus, there's actually an industry worse of than aviation.... 9,30 right now. -84% for the year..... WOW! And that won't be the end of it.
 
N583JB
Posts: 214
Joined: Tue Oct 08, 2019 9:58 pm

Re: What should we do with our money in the market

Wed Mar 18, 2020 11:41 pm

I bought a bit of B6 and DL stock with some discretionary money that I don't think I'll miss. B6 is down to $7ish. Trump keeps mentioning bailing out the airlines so I'm hoping that there is money to be made there, but if not, I didn't bet the house on them or anything.
 
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DeltaMD90
Posts: 8917
Joined: Tue Apr 15, 2008 11:25 pm

Re: What should we do with our money in the market

Thu Mar 19, 2020 4:03 am

I'd advise people NOT to buy yet. Please, take it from someone getting greedy and not trying to miss out, there is plenty of time to get a good deal.

Let this thing bottom out! Let there be some good news and a recovery in sight! Maybe you won't get it at the very very bottom but near the bottom rising up.

I kept "buying low" and then woah, it's lower! Buy lower! Then it falls again, and again...

I didn't put in more than I can afford to be without, and I know I'll make the money back eventually (barring certain companies going completely under), but it's a good, slightly painful lesson. Learn from my mistakes!

That being said, the bulk of my money is now patiently waiting for the beginning of the recovery, I didn't completely screw the pooch! :)
 
dampfnudel
Posts: 576
Joined: Wed Oct 04, 2006 9:42 am

Re: What should we do with our money in the market

Thu Mar 19, 2020 7:12 am

My advice - take your money out of the bank, put it under your mattress and don’t tell any of your “friends” about it. :D
A313 332 343 B703 712 722 732 73G 738 739 741 742 744 752 762 76E 764 772 AT5 CR9 D10 DHH DHT F27 GRM L10 M83 TU5
 
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EA CO AS
Posts: 15645
Joined: Wed Nov 14, 2001 8:54 am

Re: What should we do with our money in the market

Thu Mar 19, 2020 7:34 am

Hold, and keep buying if you can, especially if you're playing with house money, like a 401(k) employer match. It'll come back. I made the mistake of looking at my 401(k) today and it was down nearly six figures from where it was a month ago, but it will turn around. And so I keep buying with every paycheck, and will actually be increasing my contribution.
"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan

Comments made here are my own and are not intended to represent the official position of Alaska Air Group
 
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DL717
Posts: 2044
Joined: Wed May 23, 2018 10:53 pm

Re: What should we do with our money in the market

Thu Mar 19, 2020 1:05 pm

Buy like a mofo.
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