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06-24-2016, 06:09 AM
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#61
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Full time employment: Posting here.
Join Date: May 2007
Posts: 982
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Quote:
Originally Posted by audreyh1
Oooooooh - might be one of those mini crash mornings where ETFs can't open properly and people can't get online with their brokerage. Hope no one has stop losses set up!
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Might also be a good morning to put in some low-ball buy orders if looking to start or add to positions.
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06-24-2016, 06:48 AM
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#62
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2014
Posts: 7,322
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These articles are clickbait and it's sad to think how many people never make the returns posted by most mutual funds because they pile in when the values are up and sell in a panic in times like these.
In my pre-retirement days these dips were even easier to take because I was putting away so much new money and buying at bargain prices. When the dust settles I'll probably move some of my free cash into SPY.
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06-24-2016, 07:04 AM
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#63
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Have ancestors from Gedney (Drove End).
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06-24-2016, 07:38 AM
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#64
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Recycles dryer sheets
Join Date: May 2014
Posts: 485
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Dow already down 500 points. I should have taken my own advise and converted to cash yesterday and got back in later today. My 401k is now melting.
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06-24-2016, 07:39 AM
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#65
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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Goodbye 401k gains...nice knowing you. Time to shove more money in my index funds.
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06-24-2016, 07:40 AM
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#66
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,594
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Initial market results show DJIA hovering around -500 pts. (~-2.7%)
If this is as low as we go, then we may have dodged a bullet by not making any changes.
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06-24-2016, 07:44 AM
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#67
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Thinks s/he gets paid by the post
Join Date: Mar 2015
Location: philly
Posts: 1,219
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LOL, I'm not doing a blessed thing. I've got a year's expenses in cash so absolutely no need to change course.
I may buy some british pounds. I'm planning on going to London next year and if the the value drops it maybe a nice little bonus
__________________
My darling girl, when are you going to realize that being "normal" is not necessarily a virtue? it sometimes rather denotes a lack of courage~Aunt Francis
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06-24-2016, 07:50 AM
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#68
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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meh
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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06-24-2016, 08:12 AM
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#69
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Thinks s/he gets paid by the post
Join Date: May 2014
Location: Utrecht
Posts: 2,650
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Quote:
Originally Posted by Floridatennisplayer
Dow already down 500 points. I should have taken my own advise and converted to cash yesterday and got back in later today. My 401k is now melting.
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The only thing we knew yesterday was things were going to be volatile for a while.
When a storm is coming, hunker down. Best way not to get washed overboard when it hits
[Edit] I'm actually flat today in my index tracker. The euro dropped just about the same as the S&P. Individual shares down 1.5% (due to ArcelorMittal taking a >10% nose dive).
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06-24-2016, 08:13 AM
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#70
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Wow. Are there really people smart enough to be on this board, thinking about their future panicking over this?
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06-24-2016, 08:21 AM
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#71
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
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Quote:
Originally Posted by VFK57
Every time I buy or sell based on Market sentiment, I lose. I rather do nothing and watch. Hopefully the US$ will remain the prime world reserve currency for at least near future and US economy continue to stay #1 in the world.
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+1
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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06-24-2016, 08:26 AM
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#72
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by VFK57
Every time I buy or sell based on Market sentiment, I lose. I rather do nothing and watch. Hopefully the US$ will remain the prime world reserve currency for at least near future and US economy continue to stay #1 in the world.
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I didn't just buy because of market sentiment or my own fear/greed per se. I just bought more international equities because my AA was out of whack as this hammering of international stocks left my AA too low on that asset class.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-24-2016, 08:27 AM
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#73
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Gee, I didn't think you had to be smart to be on this board but I'm not seeing much panic here. More like opportunism (is that a word?). It seems like it's the pros that are creating the volatility. It's not like any immediate action will come out of this. It'll take years but the uncertainty generates knee jerk response.
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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06-24-2016, 08:44 AM
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#74
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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I already put in orders this morning. There are those who do nothing or run...and there are those who run into the fire!
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06-24-2016, 08:46 AM
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#75
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Quote:
Originally Posted by jazz4cash
Gee, I didn't think you had to be smart to be on this board....
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I stand corrected!
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06-24-2016, 08:46 AM
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#76
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,008
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Quote:
Originally Posted by gauss
Initial market results show DJIA hovering around -500 pts. (~-2.7%)
If this is as low as we go, then we may have dodged a bullet by not making any changes.
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Our market can change this much on a whim, so it's really a non-event.
I did put in a small order to pick up something cheap, but it looks like it won't get cheap enough, so no deal.
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06-24-2016, 08:53 AM
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#77
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,642
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It's just a lot of noise in the long run.
__________________
*********Go Astros!*********
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06-24-2016, 08:56 AM
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#78
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by aja8888
It's just a lot of noise in the long run.
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No one even knows what will happen, which is the main reason for the selloff and volatility -- markets hate uncertainty even more than bad news.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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06-24-2016, 09:10 AM
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#79
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,001
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There is always uncertainty. Markets just forget that occasionally.
__________________
Retired since summer 1999.
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06-24-2016, 09:31 AM
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#80
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Thinks s/he gets paid by the post
Join Date: Jun 2010
Posts: 2,301
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Well I recorded my portfolio value yesterday. Today I can see how many cars I could have bought with the loss. I don't remember any single day shifts this big (for international) even during the great recession.
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