Obviously you are ignoring about 250 indicators. Nice overworked theory that failed miserably in the 1930's.
Looks like a wild day in stock market
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Obviously you are ignoring about 250 indicators. Nice overworked theory that failed miserably in the 1930's.
I am completely ignorant to these things. Does this mean it's now a great time to buy stock? Seems when things like this happen, someone gets rich.
Please enlighten me, oh wise one. I am interested in those 250 indicators. Please provide the correct theory so we will know how to guide our leaders.
I’m generally opposed to market timing. Find a risk profile you can live with, diversify, and rebalance periodically, perhaps quarterly. Prepare ahead of time for market corrections and stay the course long term. This downturn sounds easy to recover from, but if it were really that easy the market will go up 1000 tomorrow and that’s unlikely. Perhaps it will drop further.
Put $5000.00 in today. Buy opportunity. Note, I've been wrong before.
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I hold those first couple seasons of M*A*S*H in high esteem... though I would argue the characters and writing were eclipsed by The Office, which was utterly brilliant
This is my strategy as well but I'm struggling a bit with it. It makes sense for a pandemic type of correction where we know that the effect is temporary.
But ...... what if there is a political switch that no longer values private enterprise over government run industries, starting with health care and energy to accompany what is already public in defense, infrastructure, and old-age security? To me that could drastically change the assumptions away from trends over the last 40 years to perhaps those in the 1040s through the 1970s timeframe -- without the competitive advantage of having the rest of the world starting from a WW2 wreck.
When you think about it a lot of our problems are similar to Japan in 1990 -- too many retirees relative to workers. The retirees have the money but don't spend enough of it. The Japanese stock market has still not recovered 30 years later.
Today "workers" cannot be just a pair of hands. They need tech skills that many of our young either don't want or have no preparation. Why the public should underwrite degrees in anything but METS is beyond me. Most other degrees are not a good investment outside of perhaps a few select groups, like educators.
In short, the models recommended by the financial planners and advisors (e.g., Stock=100-Age) might not be valid. It's hard to know when politics are an unknown and interest rates are near zero. We are in unchartered territory. Show me a period just like this one.
Stagflation was brief in the 1970s but this time we could be in for something prolonged. (And everyone knows that this century's CPI has been a lie.) Some attribute the 1970s inflation to the oil embargo. Others say it was Nixon's policies in abandoning the gold standard in favor of the printing press, something we've been doing during the last decade on a grand scale. Will the 1970s repeat without growth, and with no Fed tools left to spur growth?
Anyone with a good crystal ball?
Yeah, that rumor is certainly out there, but either proving or disproving it is gonna be a tall order given the opacity of the Chinese government and society.
yes- but I'll need your banking info, social security number and all pin #s before you can see it
I suggest you learn to read and then practice reading. Also, some remedial math and a touch of history may be useful. Then you can take a crack at reading articles from Business Insider, WSJ and similar others where these matters are articulated by those tracking them,
I'm young enough that fluctuations don't bother me. i'm in it for the long game. that said, i just took out my 401k from my old company to transition into an IRA and i'm SUPER happy that i did. i might just tell my CFP to hold onto it for a bit till things smooth out.
In general not an advocate of trying to time the market but yeah, you could potentially end up getting back in on a sizable dip. I definitely advocate investing large early in your career. I was such a penny pincher that I even slept on the floor for a couple of months in my first apartment after undergrad. Not that extreme now a days but it allowed my wife and I to retire very young and comfortably.
oh yeah, i didn't take out my 401k because of the potential for the market to correct, i took it out to let my CFP manage it better for me because I was in a really hyper aggressive portfolio (because i didn't know any better). majority L3 Harris company stock. The timing just worked out for me. but yeah, that's why the wife and I are re-aligning, so we can set ourselves up for early retirement as soon as the kids go to college (16 and 18 years from now)
Having said nothing but quote business journals one can only assume that you also know nothing. Until you actually say something tangible, that assumption holds.
This is your MO. Attack what people say without actually stating a counter argument. Your posts are worthless.
I have been wrestling with this as well. I had transitioned to cash in December thinking I would do a complete rollover, but decided against it and got back into balance at the start of the year.
I've decided to keep substantial cash in the 401K and rollover into an IRA whatever I need for investments that are not available within the company plan. It turns out that the stable value fund in a lot of 401Ks cannot be beaten with short term investments in IRAs or brokerage accounts. It really depends on the company, but I am not the first to think in this way. Last year "cash" with an average maturity of one year yielded 3.75%. Hard to figure how they did that. From what I've been able to read, the worst stable value fund loss was 10% by Chrysler when they went bankrupt.
A retiree needs safe investments, especially with age. There is no longer any way to do that given that interest on government securities is less (far less) than real inflation. Capital destruction right now is a serious risk.
Look at financial media begging for Fed to cut rates. It is not about virus. You will hear how virus concerns have subsided, perhaps a cure, only after Fed gives market what it truly wants...cheaper liquidity, cheaper rates to keep bubble going. If virus was pandemic then a rate cut will do nothing.
Another ASS. BEATING.on Wall Street today. The Dow is down 840 points.
You, of course said nothing, so what was I to attack. Your MO is Expansive Hot Air, and what is to be expected from a lazy BSer like you. Now, tell me more nothing.... until you learn something on your own and state it. I am not your daddy.
The three legs of the market today.... 1) Europe, some nations with negative interest rates; China deficit spending beyond any nation in the history of the world and 3) The US with a shitty growth rate and permissive designation of fake assets as assets (oil reserves that would cost $1000 per barrel to produce being called assets when they are not) ... all this and horrific bank reserves in Europe and the US..... China (WTF) and (WTFK's) ... US stuck in 2% growth range .... inflation because of Big Tarrif little egomanic and many other little things... every doofus in the US pulling money out of their homes for whatever and every Jackass with an IRA or 401K that believes they are a millionaire if their net worth is around $2,000,000 (true if this were 1914. There are great stocks in the market but 95% of it is based on Hooey and BS. I have done well with AMD, NVIDIA and similar.... we all would do well with AI and micro imaging stocks as well as stocks based on tapping Physics (Elon Musk) and cellulose based energy, (I would ad Gene therapeutics if we could get medical insurance companies to stop MmmmmPhucking up the process) ..... but the general market Meh, Who knows because it is so inflated beyond reason and the irrational actions of three fake hot legs of the market. That is unless we concede that all markets are artificial BS and will be forever. I know this is nothing to KuntThatSays/Knows nothing.
The simple definition of a fake asset (not mine) is one that promises to make you richer but in actuality robs you blind. Types of fake assets A 401(k) is a fake asset because cash keeps flowing out of your pocket... for years... cash that is out distanced by inflation.
The simple definition of a fake asset (not mine) is one that promises to make you richer but in actuality robs you blind. Types of fake assets A 401(k) is a fake asset because cash keeps flowing out of your pocket... for years... cash that is out distanced by inflation.
Maybe I’m reading this wrong, but this sounds like you sold all your 401k positions to cash, got a check for the proceeds, closed your account, gave the check to your CFP to deposit into a brokerage account, and the money is not yet in an IRA. In case you don’t know this, if you cash out a 401k and don’t transfer the money to an IRA within 60 days, you’ll have to pay taxes and a 10% early withdrawal penalty on the cashout. Sorry if I misinterpreted; just trying to save you some grief, though, if you didn’t know this.
Also, for you or anyone else reading this that might not know, rather than taking a cashout, in most cases a direct transfer is a better option. You can still sell all your positions in the 401k if you want, but the money goes directly from one institution to another. The way you’re doing it is an indirect transfer. As long as the money’s in an IRA by the 60-day threshold, the end result is the same, although an indirect transfer can add some extra headaches to the process.
By the way, if your CFP hasn’t already explained this to you, it might be time to look for a new CFP.
Futures just turned red again.
...all of this because some dude had to have bat soup because he thought it was an aphrodisiac. He probably didn't even season it properly.
...all of this because some dude had to have bat soup because he thought it was an aphrodisiac. He probably didn't even season it properly.
With apologies to Sam Cooke, most of this thread comes across as:
Don't know much about history
Don't know much biology
Don't know much about science book
Don't know much about the French I took
Don't know much geography
Don't know much trigonometry
Don't know much about algebra
Don't know what a slide rule is for
Stick to something we all know nothing about, like football.
Don't know much about history
Don't know much biology
Don't know much about science book
Don't know much about the French I took
Don't know much geography
Don't know much trigonometry
Don't know much about algebra
Don't know what a slide rule is for
Stick to something we all know nothing about, like football.
Just to rehash...most of China's factories have been shut down for weeks. Most products produced in the world have at least one component that comes out of China factories. So, factories all over the world are in a serious slow down which means work hours have been cut way back or they are being put on furlough. Once the virus dies down it should come back, but the virus is spreading and how long it will take to die down is the fear. (See Italy being rampaged right now for proof of it spreading).
Personally, I think it's a buy opportunity, maybe not today but soon.
Personally, I think it's a buy opportunity, maybe not today but soon.
That demand for components is only going to build. The demand is still very strong and a month or two long pause certainly won't decrease the demand. If anything, consumers are going to want more the moment something that was temporarily scarce is again available. Further, competition from other places will enter the market during the period of scarcity making the components potentially cheaper. Even temporary opportunities get seized.
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