Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
What are your thoughts
Old 01-25-2017, 08:42 AM   #1
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 2,896
What are your thoughts

This is an interesting stat but is there any concern with this event?
https://www.msn.com/en-us/money/mark...rgr?ocid=edgsp
__________________

street is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-25-2017, 08:56 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 11,997
Yawn. Stocks go up and stocks go down.They have been up for a long time, so it is not unlikely that they will fall for a while.

Unless this time, it is different.
__________________

__________________
You probably mean principal not principle. Judgment only has one "e".
travelover is offline   Reply With Quote
Old 01-25-2017, 09:25 AM   #3
Full time employment: Posting here.
 
Join Date: Apr 2014
Location: Houston
Posts: 657
No concern. If you read / listen to many of these type of financial commentary, you'll hear just about everything. Some now say expect a big correction in 2017, some say expect continued bull market. It's all guess work. If it wasn't, these guys would all be filthy rich! And we would read their methodology and follow right along with them!
Whisper66 is offline   Reply With Quote
Old 01-25-2017, 09:38 AM   #4
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,982
I don't believe anyone's predictions for the stock market. People love to do analyses. Some people get paid by writing articles about nearly anything. But if anyone really KNEW what the stock market would do, they'd keep quiet about it and become a billionaire quickly. Nobody knows what is going to happen to the market. This guy is just having fun playing with the January numbers and getting paid to write an article.

As for your question, I have zero concern. As always, I am preparing for the next market crash. Since I know that markets go up and down, and since this one has not gone down in a long time, I would expect that to happen at some point. However I know that it could be in five or ten years, or it could be tomorrow, or it might never happen.

But anyway, I refuse to be blindsided if/when it happens so I am not just sitting here grinning obliviously. I know that if/when market crashes happen, it's great to have low bare bones expenses so that one can buy low instead of selling low. Doesn't mean that I'm concerned, but I'm a realist.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is offline   Reply With Quote
Old 01-25-2017, 10:10 AM   #5
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 2,868
Quote:
Originally Posted by W2R View Post
I don't believe anyone's predictions for the stock market. People love to do analyses. Some people get paid by writing articles about nearly anything. But if anyone really KNEW what the stock market would do, they'd keep quiet about it and become a billionaire quickly. Nobody knows what is going to happen to the market. This guy is just having fun playing with the January numbers and getting paid to write an article.

As for your question, I have zero concern. As always, I am preparing for the next market crash. Since I know that markets go up and down, and since this one has not gone down in a long time, I would expect that to happen at some point. However I know that it could be in five or ten years, or it could be tomorrow, or it might never happen.

But anyway, I refuse to be blindsided if/when it happens so I am not just sitting here grinning obliviously. I know that if/when market crashes happen, it's great to have low bare bones expenses so that one can buy low instead of selling low. Doesn't mean that I'm concerned, but I'm a realist.
+1 I couldn't have said it better.
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 01-25-2017, 10:41 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Feb 2012
Posts: 1,315
I guess this is on the topic....was just in my truck and toggled through to whatever the business talking head channel was on XM for a few minutes. Dude was lamenting that so few Americans are in the market and maybe the headlines of Dow 20k will attract more retail investors. OMG. That's just the right time for a bunch of newbies to stick their toes into the market when it hits an eye catching number.

Yes, more people should invest if they can but for God's sake, don't just jump in because it hits some meaningless number. These are the people they put on TV.
H2ODude is offline   Reply With Quote
Old 01-25-2017, 01:01 PM   #7
Thinks s/he gets paid by the post
street's Avatar
 
Join Date: Nov 2016
Posts: 2,896
Thanks. I don't have an concerns either and like you said nobody knows what will happen that is so true. For me what happens, happens and I will be ale to ride out the storm.
street is online now   Reply With Quote
Old 01-27-2017, 08:25 PM   #8
Full time employment: Posting here.
ownyourfuture's Avatar
 
Join Date: Jun 2013
Posts: 878
When I saw that the story mentioned 1965, it reminded me of something I read or heard sometime ago. That the market went nowhere from 1965 to 1980.

So I did a quick Google search & came up with this.
Interesting read.

https://www.bogleheads.org/forum/viewtopic.php?t=204888
ownyourfuture is offline   Reply With Quote
Old 01-27-2017, 08:43 PM   #9
Full time employment: Posting here.
ownyourfuture's Avatar
 
Join Date: Jun 2013
Posts: 878
Quote:
Originally Posted by W2R View Post
But if anyone really KNEW what the stock market would do, they'd keep quiet about it and become a billionaire quickly.
Agree 110%.
I have a friend who, unfortunately, has spent God only knows how much money over the last 20 years, on get rich quick schemes.
They all involve options, futures, & technical analysis.

I've always told him exactly what you said. If someone really knew what the stock market (or an individual stock) was going to do, they be quiet about it & become rich.
ownyourfuture is offline   Reply With Quote
Old 01-29-2017, 08:57 AM   #10
Thinks s/he gets paid by the post
 
Join Date: May 2014
Location: Utrecht
Posts: 2,649
Just as reinforcement, one the best performing funds in the world is the Medallion fund. Their worst year in the past 30 years or so is >25%.

They've been getting some attention now since its founder Jim Simons has over 15 billion now and he gave a Ted talk a while back, but by most standards it's still far below the radar.

To add to that: only employees and close family are allowed to invest, and it has itself capped.
Totoro is offline   Reply With Quote
Old 01-29-2017, 12:19 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 8,462
Lighting seldom strikes twice.
MRG is offline   Reply With Quote
Old 01-29-2017, 01:45 PM   #12
Full time employment: Posting here.
hesperus's Avatar
 
Join Date: Aug 2013
Location: san juan mountains, co
Posts: 750
The article is drawn from a purely technical analysis of the market - graphs and statistics. It ignores everything else that could influence the market. In my view, a poor basis for any predictions.
hesperus is offline   Reply With Quote
Old 02-01-2017, 12:37 AM   #13
Recycles dryer sheets
 
Join Date: Mar 2016
Posts: 165
I own about 30 individual stocks in my brokerage account and if I look 5 to 10 yr chart, none of them lost money. I also saw my 401k( 100% mutual funds) went from 550K in around 2007 then went down to 420k in 2010 and now up to around 815K. I don't need to touch any of this $$$ until 20 years from now and just keep buying them on the dip, max out the 401k and not worry about every day swing.

Tom
vipertom1970 is offline   Reply With Quote
Old 02-01-2017, 01:01 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 7,758
I read once the market will drop by 10% up to a few times per year. But the last few years have been pretty tame.

Years ago I had about $20K in cash, and I thought the market was too high, it had run up a lot, and it was due to fall back. So I waited and waited, after a year, the market was easily another 1,000 pts higher.
So I stuck my money in as I realized I couldn't predict squat!
The market continued going up for the next 5 years to now ...
__________________

Sunset is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Disability Insurance? Your thoughts invited... spncity FIRE and Money 18 01-14-2013 10:38 AM
aa plan - please let me know your thoughts tulak FIRE and Money 7 09-29-2007 09:58 AM
May I have your thoughts on this, please? AlmostDone FIRE and Money 6 02-20-2007 07:47 PM
Supplemental Protection...Your thoughts please gmt Young Dreamers 16 11-28-2006 12:37 PM
Your Thoughts Bozo Hi, I am... 11 09-19-2004 04:57 PM

» Quick Links

 
All times are GMT -6. The time now is 08:02 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.