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Thread: Stock market😰

  1. #1
    Join Date
    Apr 2007
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    New Jersey
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    Stock market😰

    Iím hanging in there so far,but itís surely painful.
    Iíve moved some money from technology to less volatile investments but there really is no place to hide, maybe cash, but you know what they say about market timing.
    What are you doing?
    Dennis

  2. #2
    Join Date
    Nov 2021
    Location
    Columbia MO and Howard County MO
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    870
    We have no investments but our kids grandparents bought them each a small portfolio. The value of one that was $14,000 is down to $10,000 in one years time.
    Last edited by Maurice Mcmurry; 07-15-2022 at 7:05 AM. Reason: ,
    Best Regards, Maurice

  3. #3
    Join Date
    Mar 2018
    Location
    Orwell, NY
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    I don't gamble, so I've been unaffected so far except for prices of things I have to buy.

  4. #4
    Join Date
    Sep 2013
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    Wayland, MA
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    The market today is where it was 18 months ago. A year and a half with no gain is unpleasant, but certainly not much of a disaster.

    Dollar cost averaging is your friend in investing-- adding a constant amount every month over a long period of time (and not trading much, if at all) will ensure that you capture the long term upward trend of the markets. I like a diversified portfolio (small ca. large cap, international, real estate, commodities, and bonds of various flavors) of very low cost index funds. Boring as heck, but it seems to work without any need for panic.

  5. #5
    Join Date
    Jan 2011
    Location
    Montfort, Wi.
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    606
    Nothing to do but ride it out. What goes up does comes down. We've been through this before. You can't outsmart Wall Street.

  6. #6
    Join Date
    Apr 2013
    Location
    Kansas City
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    Quote Originally Posted by Dave Fritz View Post
    Nothing to do but ride it out. What goes up does comes down. We've been through this before. You can't outsmart Wall Street.
    I've dabbled since college days. And I quickly decided that by the time I think of making a move, its too late, the big boys have already done it.
    Hobbyist

  7. #7
    Join Date
    May 2021
    Location
    Spartanburg South Carolina
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    368
    I got lucky and threw some cash in at the dip after Covid was announced. Been watching and when I feel like when a new bottom has been found I will buy more. This last statement wasn't fun to open but I new there would be months like that.

  8. #8
    IMO, long term is the only rational approach to investing in stocks. Short term is driven by irrational greed and fear. I am sticking to my long term plan.

  9. #9
    Join Date
    Jan 2018
    Location
    Vancouver Canada
    Posts
    618
    I'm in with the other long term investors. I have a ridiculous amount of cash on my balance sheet, and I'm going to be looking at putting some into short duration high yield bond funds. I'm also looking at some defence ETFs, sith a very short stop.
    But, in this climate, money market funds may be the answer.
    Young enough to remember doing it;
    Old enough to wish I could do it again.

  10. #10
    Join Date
    Mar 2016
    Location
    Millstone, NJ
    Posts
    711
    Ammunition.

    I dont feel safe with anything else. The dollar is inflating quickly So keeping cash is out. I dont know where to go with stocks. Im in a few funds, I dont have alot of control as they are attached to managed accounts. My companies investments are still with the staple growers. google, etc

  11. #11
    Over the past 5 years, the total US stock market is up 50% (10% per year). Meanwhile, if you were holding cash, inflation has reduced the value of that by ~9%.

    Humans have poor intuition for exponential growth. If you put $50k in a low-fee broad-based index fund at the start of your career and left it alone for 40 years, by retirement age it would be worth >$1M.

  12. #12
    Join Date
    May 2007
    Location
    Fort Smith, Arkansas
    Posts
    1,895
    At my age I’m not heavily into stocks but still not pleasant to watch. I’ve lived through several major market corrections and my typical emotional response to safety was a mistake every time. I credit the insane rise over the last few years to 0% interest and millions of new investors playing because of free trading. The creation of ETF’s allowing daily trading and speculation of fund index’s may have contributed as well. I never saw that as a positive creation and just another contributor to volatility. Too many sketchy financial investments have been created. JMO
    My three favorite things are the Oxford comma, irony and missed opportunities

    The problem with humanity is: we have paleolithic emotions; medieval institutions; and God-like technology. Edward O. Wilson

  13. #13
    Join Date
    Feb 2003
    Location
    In the foothills of the Sandia Mountains
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    16,026
    I bailed last May. If I were a younger man I would just let it ride, as I always have before. At 71 I will probably would not make back what I lost in the last year.
    Please help support the Creek.


    Where we have strong emotions, we're liable to fool ourselves.
    - Carl Sagan


  14. #14
    Join Date
    Sep 2007
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    Longview WA
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    If you put $50k in a low-fee broad-based index fund at the start of your career
    How many people have access to $50k to invest at the start of their career?

    Though it is wise to start saving/investing for retirement as soon as one starts earning wages.

    My stock investments are still more than what was put in even though they are below their peak.

    Likewise my precious metals have fluctuated but still above my initial investment.

    On the other side of things, my antique tools have gone through the roof. Possibly my best investment and they can be used until they get sold.

    jtk
    "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
    - Sir Winston Churchill (1874-1965)

  15. #15
    Join Date
    Sep 2016
    Location
    Modesto, CA, USA
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    The IRS allows every adult to invest $400 a month tax free. My parents did $35 A month,starting when $35 was a good amount, for decades and ended up with over one million. There are better funds now with much lower fees.
    A low fee index fund will outperform almost all managed funds. Schwab is now about 0.02% a year for index funds.
    Bill D.

    https://www.forbes.com/sites/robertb...ur-retirement/
    Last edited by Bill Dufour; 07-15-2022 at 3:40 PM.

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