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Old 08-21-2015, 06:30 PM   #21
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For all those who know when the bottom is reached, that's a good time to convert an equity-laden tIRA to Roth.
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Old 08-21-2015, 06:31 PM   #22
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Zip lines go down. Then they go up again. So, yes, hang on!
Well, sometimes they fail, you slice open your leg and fall into muddy water, go to the hospital and get a flesh eating virus, then wake up with just a torso.

But I prefer your upbeat "hang in there" attitude.
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Old 08-21-2015, 06:33 PM   #23
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Just whistling past the graveyard here and hoping it's not too long of a trip.
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Old 08-21-2015, 07:14 PM   #24
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I think the bigger item that is about to happen is long term treasury bonds getting hammered. There are just too many countries that are going to be needing funds and instead of treasury bonds being a source of safety they may be a source of funds to shore up local economies.

Stocks could get hammered too, it would be different from 2007-2009 in that bonds from here have great potential for major declines meaning if the same type of fall occurred portfolio damage might be quite a bit larger.
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Old 08-21-2015, 07:15 PM   #25
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Went on a minor buying spree this afternoon.
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Old 08-21-2015, 07:17 PM   #26
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Running_Man, if your scenario plays out, would it mean gold at $3,000 to $4,000 an ounce?
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Old 08-21-2015, 07:19 PM   #27
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my long term time horizon just got longer, dang it!
by a few weeks?
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Old 08-21-2015, 07:54 PM   #28
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Meh. Wake me when it's 20% off the high. I might need to rebalance...


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Old 08-21-2015, 09:12 PM   #29
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Running_Man, if your scenario plays out, would it mean gold at $3,000 to $4,000 an ounce?
No I really don't know what to expect with gold though is likely to go up if the average Joe in Asia decides forget all the modern investing in stocks and goes back to the traditional investment of gold.

With commodity prices so low and deflationary pressures exerting influence small increase in value would still be a good result.
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Old 08-21-2015, 09:49 PM   #30
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Meh. Wake me when it's 20% off the high. I might need to rebalance...


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+1. I think that the only ways for my ER to fail are fear or greed. I'm not even going to look at the portfolio unless S&P hits 1800.

Unfortunate that I need to cash out for my 4Q living expenses soon. 1 whole percent of my portfolio at an inopportune time.

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Old 08-21-2015, 09:53 PM   #31
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Same here. It will have to go down a ways to require rebalancing. In fact - I think I'm just a little under where I started the year in terms of the stock allocation.
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Old 08-22-2015, 04:59 AM   #32
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S&P basically reset itself to one year ago.

We'll need an additional 20% drop to get near the 2008 peak.

This is the only forum (ok, maybe bogleheads) I know where people get excited when there might be a yard sale coming in the stock market

You probably can't read it, but there is a small advert in the top right that says "beat the market"
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Old 08-22-2015, 10:27 AM   #33
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This is the only forum (ok, maybe bogleheads) I know where people get excited when there might be a yard sale coming in the stock market
For those of you who play Craps, this is like a forum of players that bet the don't pass line. Basically, you're betting against the table so when you win, you're best to keep your excitement a little subdued.
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Old 08-22-2015, 03:28 PM   #34
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For those of you who play Craps, this is like a forum of players that bet the don't pass line. Basically, you're betting against the table so when you win, you're best to keep your excitement a little subdued.
Wrong. This is like a forum of players who get a cheap room at the casino, eat the free buffet and only bet the $10 free chip on the don't pass line then leave the tables if they win or lose the free bet.
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Old 08-22-2015, 09:57 PM   #35
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Wrong. This is like a forum of players who get a cheap room at the casino, eat the free buffet and only bet the $10 free chip on the don't pass line then leave the tables if they win or lose the free bet.
I think this needs to go into the definitions sticky. Best one I've ever seen for this group.
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Old 08-22-2015, 10:38 PM   #36
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Hmmmm...would love to share in the jokes and bravado. Just retired a year ago and implemented 72t in February. I'm not panicked, but also not excited at the downward slide. We have our 2-year cash reserve, but still feeling angst 😖


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Old 08-22-2015, 10:57 PM   #37
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Casinos are so boring when you have the stock market AND you get some sort of tax break for gambling on it too! The beer is cheaper and better at home than at the casino too. And I can wear my PJ's when I put my bets in.

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Old 08-23-2015, 08:39 AM   #38
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Hmmmm...would love to share in the jokes and bravado. Just retired a year ago and implemented 72t in February. I'm not panicked, but also not excited at the downward slide. We have our 2-year cash reserve, but still feeling angst 😖


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I agree - when it comes to these occasional stock market breaks, some of the comments on the forum can be pretty flippant. But the way I look at it is ...

..I benefit from others' experiences. Some on this forum have been investing for decades and have seen worse than this and have turned out just fine, which is exactly why they can joke about it. Keep things in perspective.

..You sound like a smart person. With your 2 year cash reserve, you are prepared for a downturn like this. This is why you have the cash reserve!

.. You can only control the things you can control. The stock market will go up and down in the short term, it always has, and sometimes the downs will be more painful that we would like, but in the long term the market most likely will go up, which is why we invest in stocks in the first place. In the meantime, watch your expenses, cut back where you can if it makes you feel better, and turn off the 24/7 doom-and-gloom news outlets.

.. The market was overdue for a correction, historically. It's been 4 years since the last -20% bear market (late summer 2011, S&P 500 intraday bottom), and 6 years since the 2009 market bottom (March 2009). So, let's hope this is the correction we have been waiting for and that we get it over with quickly - so we can get going on the next recovery!
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Buying low
Old 08-23-2015, 08:55 AM   #39
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Buying low

Got $155k setting in cash at Vanguard (Money Market fund). Am in the process of consolidating all money there. Fortunately sold 3-4 weeks ago at the other place and with the transaction finally complete, have cash ready to buy in this down market. This is Trad IRA and Roth IRA money.

Any suggestions on what a Vanguard to move it to?

I have some ideas, but would like to see yours. Will make the move Monday most likely.

Thanks.
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Old 08-23-2015, 10:28 AM   #40
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Nobody can predict the Market. However if last two days are indication of the economy sliding into recession, the Feds do not have any tool to deal with it other than keep printing. Then may be Peter Schiff is right stating whether dollar bottom will fall of or Stock Market bottom will fall off. As of now I am reluctant to reduce my equities holding.
No, they're an indication of China slowing down, impacting a ton of other markets esp. emerging.

We're doing fine (for now).
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