I was looking to buy in some more stock funds but was expecting stocks to go a little lower before pulling the trigger, and then there's a big jump today. Oh well, I'll hold off again.
Don't worry, there will be big drops again. Maybe even tomorrow as Big Names are being CRUSHED in after hours trading.
Don't worry, there will be big drops again. Maybe even tomorrow as Big Names are being CRUSHED in after hours trading.
We have been out of the market for 70% of our investments for the past two months, wanting to really simplify and consolidate. We wanted to move our retirement accounts out of work plan, it has been a s***s***, between employer and plan manager getting things correct and to our new place. Finally ready to reinvest, so this might have been a good thing, time wise. Maybe.
Wow, I've been buying VTI, but it is now lower than what I bought it at... I guess I will need to buy some more but I don't know how much more it will fall...You called it - VTI down 3.67% with Amazon down 14% today. Brutal day/week/month for equities, especially tech and small/mid caps
No idea about anything. But if equities truly tank >40% I'll scrape the bottom of the barrel and invest some cash. Meanwhile I still won't touch the LMP.
Good time to do a Traditional to Roth conversion....!
While I hoped that earnings growth would reduce the overvaluation of the market, between high inflation, recent earnings announcements and the likelhood of a recession, I'm increasingly skeptical that the market can grow its way out of overvaluation... I'm not very bullish in the short term.
I am down $-$71k from 2021 October highs. All my natural DCA since then is going to pay off in the long run right?
Depends on what you call the long run.
As an example, I am almost 79 so I look at the long run as maybe 10 years. I have two dead friends this year already and one was 79, the other 85, both were healthy and were in my golf group until the strokes and other things hit.
Look at Japan's 30 year run after the stock market crashed in 1990 or thereabouts. We can be Japan-like too if our government decides to run their banking system the same way.
I am 44. I retire between 55 and 60. All equity portfolio.
Whee?