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07-06-2008, 11:58 AM
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#1
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Recycles dryer sheets
Join Date: Nov 2007
Posts: 95
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Tomorrows market?
With the recent downturn of the market, along with an uncertain future, what do you plan to do with your portfolio tomorrow? Futures call for another significant down day on Monday, July 7.
At 55, and desperatly wanting to ER, I'm considering pulling out of the market and going to cd's for a while.
your thoughts?
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07-06-2008, 12:02 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
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The future of the market is always uncertain, that's nothing new. Also, the market has "downturns" on a regular basis, that's nothing new either. I don't see a reason to do anything different tommorow.
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07-06-2008, 12:07 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,506
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 Quote:
Originally Posted by bentley
With the recent downturn of the market, along with an uncertain future, what do you plan to do with your portfolio tomorrow?
your thoughts?
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Umm... Ignore it for a few days, then maybe look.
__________________
There must be moderation in everything, including moderation.
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07-06-2008, 12:09 PM
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#4
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,498
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Quote:
Originally Posted by bentley
With the recent downturn of the market, along with an uncertain future, what do you plan to do with your portfolio tomorrow? Futures call for another significant down day on Monday, July 7.
At 55, and desperatly wanting to ER, I'm considering pulling out of the market and going to cd's for a while.
your thoughts?
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The last thing I would want to do in a bear market is sell. Remember? "Buy low, sell high" seems to work better than the reverse.
If the Dow drops below 11,000 tomorrow I might buy. Otherwise I'll probably sit tight.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-06-2008, 12:20 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Listen to JustCurious amd W2R. The absolute worst thing you can do is try to time the markets. Read any of the good investing books and the message is universal - in times of bad markets those who do nothing fair much better long term then those who try to time out and then back in again. If you feel your AA is wrong and therefore too risky then figure out where it needs to be and start working towards that with new money and redirected dividends/capital gains etc.
DD
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07-06-2008, 12:21 PM
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#6
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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 DblDoc
Listen to JustCurious amd W2R. The absolute worst thing you can do is try to time the markets. Read any of the good investing books and the message is universal - in times of bad markets those who do nothing fair much better long term then those who try to time out and then back in again. If you feel your AA is wrong and therefore too risky then figure out where it needs to be and start working towards that with new money and redirected dividends/capital gains etc.
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Careful. Some people will see that as "starry-eyed optimism"... 
__________________
"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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07-06-2008, 12:25 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Buying tomorrow DCA  Otherwise doing nothing. Last week did move a bit from fixed to the SP 500 Index.
I know. Im a fool. The world is probably going to end and only annuities,gold,oil,guns,water and food are the smart bets 
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07-06-2008, 12:27 PM
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#8
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,498
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That could happen!! But...
Quote:
When the skies are brighter canary yellow
I forget ev'ry cloud I've ever seen,
So they called me a cockeyed optimist
Immature and incurably green.
I have heard people rant and rave and bellow
That we're done and we might as well be dead,
But I'm only a cockeyed optimist
And I can't get it into my head.
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I'd rather be a starry-eyed optimist, than a gloomy gus who never realizes that the market goes both up and down.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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07-06-2008, 12:32 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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if you think your smart enough to know when to dump your equities, why didn't you do it last fall?
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07-06-2008, 12:39 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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I sure hope not! Given that I'm an active accumulator I would (secretly) like to see a further 10-20% decline  . At that point I would seriously consider timing the market and invest my E fund and current bonds into equities .
DD
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07-06-2008, 12:52 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,081
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Nothing tommorrow, but as I get some more money I plan to continue investing as I have been.
Hopefully all week people will panic and sell, so at the start of next week I will get even bigger bargains 
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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07-06-2008, 01:14 PM
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#12
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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If the market drops below 11,000 tomorrow I will sell a chunk of my Bear fund and reinvest the proceeds in VTSMX. This week we will be adding money to my wife's 401K and ESPP, my IRA and our taxable account (scheduled contributions). So we'll be buyers no matter what.
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07-06-2008, 01:28 PM
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#13
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Recycles dryer sheets
Join Date: Dec 2006
Posts: 293
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I'm sitting on my hands to keep from liquidating even though I know it would be absolutely the wrong thing to do. I did have to change future contributions for dh to some kind of treasury money market fund, else he wanted to stop all 401K contributions from his payroll and use the money to pay down the mortgage. It's scary times. I guess it just pays not to look some days!
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07-06-2008, 01:54 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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I'm going to take the day off from work and have a nice breakfast
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07-06-2008, 01:57 PM
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#15
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Full time employment: Posting here.
Join Date: Jan 2006
Posts: 899
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Probably nothing.
The automated 401k and after tax investments will be invested as scheduled.
I have about 5% cash and 20% bonds. Last week I moved some cash to equities although it wasn't really enough to make much difference (<1% of investments.) If the market goes down more this week I may move some more to equities.
History suggests that is the best course of action although it could be different this time
MB
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07-06-2008, 03:06 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 2,024
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Likely watch the market drop another 1.5+% and curse myself for not having bailed back on May 2. At this point, it is too late and we get to suffer the consequences.
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07-06-2008, 03:18 PM
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#17
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 577
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I'm buying tomorrow, as already stated buy low sell high.
__________________
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
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07-06-2008, 03:23 PM
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#18
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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Quote:
Originally Posted by Darryl
I'm buying tomorrow, as already stated buy low sell high.
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What if tomorrow is the high?
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07-06-2008, 03:27 PM
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#19
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Recycles dryer sheets
Join Date: Nov 2007
Posts: 95
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Quote:
Originally Posted by statsman
Likely watch the market drop another 1.5+% and curse myself for not having bailed back on May 2. At this point, it is too late and we get to suffer the consequences.
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The doom and gloomer's are predicting another 20% drop.
Last October, they were predicting a dow of 15 by year end '07....lol
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07-06-2008, 03:29 PM
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#20
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Recycles dryer sheets
Join Date: Nov 2007
Posts: 95
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Quote:
Originally Posted by Razor
What if tomorrow is the high?
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the high as compared to what?
the dow hit 14,000 going up less than a year ago. It's knocking on 11,000 heading down now.
The 64 dollar question is what low is built into todays dow?
The market is usually priced out 3 to 6 months...until bad news arrives, which is about all we've heard the last six months, and no relief in sight.
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