|
|
Anyone else hoping for a market plunge?
09-07-2018, 01:46 PM
|
#1
|
Full time employment: Posting here.
Join Date: May 2013
Posts: 609
|
Anyone else hoping for a market plunge?
Ok, this will be sacrilege to some, but I find myself daydreaming about a stock market plunge. The reason is that it's inevitable that it will occur at some point, there are a lot of indicators saying it should be relatively soon, and the sooner we get there, the sooner there will be buying opportunities and also the sooner we can start recovering from it and moving toward higher highs. As they say, "The waiting is the hardest part."
Anyone else share my daydream?
__________________
Saved 8 figures by my mid-40's as a professional bubble-spotter. Beware...the Fed creates bubble after bubble after bubble.
|
|
|
|
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!
|
09-07-2018, 01:53 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,203
|
No, I stay fully investing according to my AA, so "buying opportunities" would be wasted on me. It doesn't help to jump in on a 15% drop if I've missed out on a 25% run up.
|
|
|
09-07-2018, 01:56 PM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,337
|
I did for a couple of years, but the relative leveling-off of the market recently has made me a bit more comfortable. In engineering lingo, an unstable system is one that over-reacts to stimuli. This market has been stimulated in unbelievable ways and remains stable. At some point we will take a hit, but we will ride it through just as we have for every other hit since 1987. So I am not hoping for a hit nor am I worrying about it. Just coasting.
|
|
|
09-07-2018, 01:59 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,395
|
Nooooo! Although I think it may within a year. No crystal ball. I just like where it is and I'm not in accumulation phase anymore. I have plenty to buy low just don't have the years to make up the losses from a market plunge.
But good luck to all of you still fighting the good fight and working toward RE. I already found my "Big Rock Candy Mountain".
Cheers!
|
|
|
09-07-2018, 02:05 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,366
|
Quote:
Originally Posted by RenoJay
Ok, this will be sacrilege to some, but I find myself daydreaming about a stock market plunge. The reason is that it's inevitable that it will occur at some point, there are a lot of indicators saying it should be relatively soon, and the sooner we get there, the sooner there will be buying opportunities and also the sooner we can start recovering from it and moving toward higher highs. As they say, "The waiting is the hardest part."
|
Moving toward higher highs? Like where we'd be anyway without a plunge?
Plunges are inevitable. Taking advantage of them is wise; I always look for bargains when that happens.
But I don't see the connection of 'moving toward higher highs' and a severe market drop however. I don't see a plunge as a causation.
If you're just talking about a correction, I tend to ignore them. IMO, '08 was a once in a lifetime buying opportunity and a once in a lifetime lesson in not panicking.
But one could argue that the only thing '08 did was delay prices to get to where they would've been eventually at some point in time; it didn't accelerate 'higher highs'.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
|
|
|
09-07-2018, 02:32 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,233
|
Quote:
Originally Posted by RenoJay
Ok, this will be sacrilege to some, but I find myself daydreaming about a stock market plunge. The reason is that it's inevitable that it will occur at some point, there are a lot of indicators saying it should be relatively soon, and the sooner we get there, the sooner there will be buying opportunities and also the sooner we can start recovering from it and moving toward higher highs. As they say, "The waiting is the hardest part."
Anyone else share my daydream?
|
People in retirement would more than likely not share this daydream vs. perhaps some working folks.
__________________
TGIM
|
|
|
09-07-2018, 02:37 PM
|
#7
|
Recycles dryer sheets
Join Date: Feb 2018
Posts: 133
|
no please
Major sequence of returns risk for me. Of course, there ultimately will be some type of drawdown in the future. When......nobody knows. My budget is setup to survive a 30% drawdown.
That being said. I am staying fully invested. I'm fully diversified. I went through 1987 and everything up till today
__________________
Work to live, don’t live to work.
FIRE 11/2018 @ age 52
|
|
|
09-07-2018, 02:40 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
|
No, but I always like a "good dip"!
|
|
|
09-07-2018, 02:42 PM
|
#9
|
Thinks s/he gets paid by the post
Join Date: Oct 2010
Posts: 1,217
|
Why?
|
|
|
09-07-2018, 02:58 PM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,963
|
Yes, actually. Opportunity
|
|
|
09-07-2018, 03:04 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
|
Nope. Not in the least.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
09-07-2018, 03:07 PM
|
#12
|
Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: St. Charles
Posts: 3,903
|
Quote:
Originally Posted by Dtail
People in retirement would more than likely not share this daydream vs. perhaps some working folks.
|
Bingo! When I was w*rking, and accumulating, downturns meant I got more shares for my money.
On a side note, when I was working and nearing retirement (2015) I remember all the young folk cheering the recovery in stock prices. I reminded them that it was good for me, but they should be hoping for the market to stay down for a much longer time.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
|
|
|
09-07-2018, 03:12 PM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
|
Hope is not a strategy. Get a better plan.
|
|
|
09-07-2018, 03:16 PM
|
#14
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,206
|
I’d never hope for a downturn, but I’ve planned for it whenever it happens. I’m a long term investor, not a market timer.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
|
|
|
09-07-2018, 03:21 PM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,424
|
No, not sure why anyone would be HOPING for a plunge. It will happen and could last many years when it does.
For me not a good thing to hope for, there will be a bear market at sometime and I'm ready but many may not be.
Your time to invest when it heads south will come soon enough.
|
|
|
09-07-2018, 03:25 PM
|
#16
|
Recycles dryer sheets
Join Date: Aug 2018
Posts: 91
|
Quote:
Originally Posted by street
No, not sure why anyone would be HOPING for a plunge. It will happen and could last many years when it does.
For me not a good thing to hope for, there will be a bear market at sometime and I'm ready but many may not be.
Your time to invest when it heads south will come soon enough.
|
Anyone who is not with 2-3yrs of fire should be hoping for a plunge, time to buy cheaply and severely reduces your odds of sequence of returns risk.
|
|
|
09-07-2018, 03:35 PM
|
#17
|
Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,057
|
The only thing a plunge will do for me would be to enable a greater percentage of my IRA to be converted to a Roth
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
|
|
|
09-07-2018, 03:35 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
|
Not looking/hoping for one, but am prepared if it happens. Will it be fun? Most likely not...especially how the mouth breathers that present the "news" will spin it.
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
|
|
|
09-07-2018, 03:36 PM
|
#19
|
Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
|
Quote:
Originally Posted by jimbee
Why?
|
Because I want to be able to sell into the next rally or I want to move from a outperforming sector into a underperforming sector or just want to arbitrage.
|
|
|
09-07-2018, 03:38 PM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,424
|
Quote:
Originally Posted by Beer-man
Anyone who is not with 2-3yrs of fire should be hoping for a plunge, time to buy cheaply and severely reduces your odds of sequence of returns risk.
|
True, but something I wouldn't hope for because many could get hurt also.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|