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Thread: Stock market😰

  1. #16
    In my life I've had 3 "safe" mutual fund accounts $#!* backwards on me. The last one, when I got on had a 20 year average return of 13.8%. About 4 years in the dot-com crash took most of what I'd put in. Kept going, and just about the time it was making enough money I could let the account add its own monthlies, Enron crashed. After 3 months of my deposits not keeping up with the falling, I cashed out. I would've made about 5x the money if I'd just put the monthlies under the mattress.

    I love gambling, but it doesn't like me one bit. On our last weekend trip to Vegas several years ago I played blackjack in 3 casinos...
    I played 27 hands total, which resulted in 7 pushes and no wins.

    I've since determined that my money must be earned, no freebies
    ========================================
    ELEVEN - rotary cutter tool machines
    FOUR - CO2 lasers
    THREE- make that FOUR now - fiber lasers
    ONE - vinyl cutter
    CASmate, Corel, Gravostyle


  2. #17
    Join Date
    Jan 2004
    Location
    Lewiston, Idaho
    Posts
    28,490
    I have been investing since 1977. I am a conservative investor with more in stocks than bonds. Over the years I have withdrawn much more from the market than I put into the market and I am still in.
    Ken

    So much to learn, so little time.....

  3. #18
    Join Date
    Feb 2019
    Location
    Cincinnati, Ohio
    Posts
    968
    Don't know what's going to happen, but now is a good time to double your contributions. Also an emergency fund with 6-12 months expenses is also a wise plan. Otherwise do nothing, and avoid any info if your bothered by it.

  4. #19
    Join Date
    Mar 2019
    Location
    Los Angeles, California
    Posts
    958
    I've been through at least four stock market crashes with my 401k starting in the 1980s. Hopefully, your portfolio is diversified so that cash, CDs, bonds, and blue chips form the foundation of the investment, with the rest keyed to various indexes to make money. I have a quite a bit of my discretionary non-foundational money in petroleum which is making a bundle right now. But yes, I have a bunch in index funds which are losing money. The best advice is to hang tough. I'll be lucky to make 1-2% this year. Two years ago, I made 20%, so it all evens out.
    Regards,

    Tom

  5. #20
    Join Date
    Nov 2009
    Location
    Alaska
    Posts
    711
    I'm hoping we are at, or at least near the bottom of this pull back. I'm down about 15% for the year. It's painful to look at my portfolio.....

  6. #21
    Join Date
    Mar 2019
    Location
    Los Angeles, California
    Posts
    958
    Quote Originally Posted by Michael Drew View Post
    I'm hoping we are at, or at least near the bottom of this pull back. I'm down about 15% for the year. It's painful to look at my portfolio.....

    A full 15% for your whole portfolio? You are not diversified enough, and need a bigger percentage of your nest egg in laddered CDs, cash, bonds, TBills, and Blue Chips. It sounds like you are 100% invested in the S&P or growth stocks.
    Regards,

    Tom

  7. #22
    What difference does stock prices make unless you are buying, or selling? Warren Buffet did alright by buying stocks that paid dividends. Think of stocks as ON SALE right now.

  8. #23
    Join Date
    Nov 2009
    Location
    Alaska
    Posts
    711
    Quote Originally Posted by Thomas McCurnin View Post
    A full 15% for your whole portfolio? You are not diversified enough, and need a bigger percentage of your nest egg in laddered CDs, cash, bonds, TBills, and Blue Chips. It sounds like you are 100% invested in the S&P or growth stocks.
    If I were 100% S&P and Growth, I'd be down a lot more. Probably 35% or so.....

    I was all cash in Oct, even though my gut told to stay in cash, I took a risk. It didn't pay off, obviously. I'm mostly in the Vanguard Wellington fund. The rest is divided between the Fidelity 500 fund and their banking fund. I was banking on interest rates giving the financial fund a bump.

    I'm riding the wave now. Hoping for a bounce to regain some losses, then move it all to cash.

  9. #24


    I'm surprised no one has mentioned fixed annuities yet, they're soooo exciting!!!

  10. #25
    Join Date
    Apr 2009
    Location
    Kentucky
    Posts
    223
    I lost about 30,000 in my 401k in one quarter. I moved the rest to a more conservative fund. I can retire in 4 years, but will probably have to work longer because of Covid and the recession.

  11. #26
    Join Date
    Apr 2013
    Location
    Kansas City
    Posts
    2,645
    Quote Originally Posted by Michael Drew View Post
    . . .
    I'm riding the wave now. Hoping for a bounce to regain some losses, then move it all to cash.
    Michael, how does holding cash make sense in a high inflation environment? Unless you have an account with very high interest?
    < insert spurious quote here >

  12. #27
    Quote Originally Posted by Stan Calow View Post
    Michael, how does holding cash make sense in a high inflation environment? Unless you have an account with very high interest?

    we're all losers Michael..

    The S&P 500 index down 20
    .5%
    Nasdaq, down nearly 30%
    Dow Jones industrial down 15%

  13. #28
    Join Date
    Aug 2018
    Location
    Michigan, USA
    Posts
    548
    Quote Originally Posted by Lawrence Duckworth View Post
    we're all losers Michael..

    The S&P 500 index down 20
    .5%
    Nasdaq, down nearly 30%
    Dow Jones industrial down 15%
    Just to keep things in perspective, the S&P is where it was about 16 months ago. Same for the Dow. The Nasdaq is where it was about 21 months ago.

    The Dow is 6% higher than it was at its pre-pandemic peak. The S&P about 14% higher. And the Nasdaq about 18% higher.

    If you're a buy-and-hold long-term investor, you're doing just fine.

  14. #29
    Quote Originally Posted by Gary Ragatz View Post
    Just to keep things in perspective, the S&P is where it was about 16 months ago. Same for the Dow. The Nasdaq is where it was about 21 months ago.

    The Dow is 6% higher than it was at its pre-pandemic peak. The S&P about 14% higher. And the Nasdaq about 18% higher.

    If you're a buy-and-hold long-term investor, you're doing just fine.
    spin it up, but ytd we're losers.
    Last edited by Lawrence Duckworth; 07-17-2022 at 11:43 AM.

  15. #30
    Join Date
    Aug 2018
    Location
    Michigan, USA
    Posts
    548
    Quote Originally Posted by Lawrence Duckworth View Post
    spin it up, but ytd we're losers.
    But since close of trading last Thursday, the S&P and Nasdaq are each up about 1.8%, and the Dow is up more than 2%. I guess we're all winners!

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