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Joined: Jan 2005
Posts: 22,884
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
It's only gambling if you pull money in and out.
Investing in stocks as ownership of companies is investing, and no investor is worried at all about what is going on right now.
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Joined: Jan 2005
Posts: 22,884
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
I moved my money to a safe fund last week. I am going to keep it there until this turmoil settles then move it back to an aggressive fund and let it ride back up. At that point I am going to move it to a safe fund and leave it there 'til I retire. The market is fickle and unpredictable. It reacts for reasons that defy explanation. The experts are always quick to try to explain the rises and falls, but if they were true experts they would have seen it coming. NOBODY saw this coming when it did. We all thought the market would correct at some point. But this happened at the same time we just got a lot of great economic news including a fantastic January jobs report and GDP figures of 5+%. Keep it in the "safe" fund. With that mentality and understanding of the stock market, you should not be in the game unless you enjoy life as a gambler. Yes indeed, I am calling you crazy. Get out and stay out before you lose your shirt too late in your life to ever recover!
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Joined: Feb 2001
Posts: 7,978
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2001
Posts: 7,978 |
IRA rollovers on 2 , been buying since last Friday, more today!
kk alaska
Alaska 7 months of winter then 5 months of tourists
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Joined: Dec 2007
Posts: 11,212
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,212 |
I don't have to worry for at least another 10 years.
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Joined: Jun 2011
Posts: 1,695
Campfire Regular
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OP
Campfire Regular
Joined: Jun 2011
Posts: 1,695 |
The market is just way over due for a 10% correction. So, I think we'll see 10% plus a little extra because we're over due. Then, I think we'll march back up. Still sticking with 22,800.
Last edited by Peddler; 02/09/18.
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Joined: Jan 2012
Posts: 26,559 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,559 Likes: 3 |
Did the market not just experience a 10% +/- correction?
It went too high too fast, no doubt but earnings are looking better every qtr of late for most 'DOW/S&P/NASDAQ' Co's.
A 'breather' wasn't that unexpected, really.
FJB & FJT
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Joined: Oct 2004
Posts: 26,585 Likes: 17
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 26,585 Likes: 17 |
I wasn't aware of that. Thanks for sharing. I am retired active duty and have that paltry pension. I will retire as a civil servant and have that paltry pension. I will get a little bit out of SS too. What my TSP will do is pay for a house outright. I am so close to retirement now that as long as I don't take a big hit, we are dealing with the difference between a 1600 square foot house and an 1800 square foot house.
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Joined: May 2011
Posts: 56,326 Likes: 9
Campfire Kahuna
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Campfire Kahuna
Joined: May 2011
Posts: 56,326 Likes: 9 |
_______________________________________________________
An 8 dollar driveway boy living in a T-111 shack
LOL
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Joined: Dec 2006
Posts: 555
Campfire Regular
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Campfire Regular
Joined: Dec 2006
Posts: 555 |
i'd call bottom at 1;30 today. found support off the 200 day moving average. this support level was in play when Trump was elected.
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
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Joined: Oct 2004
Posts: 26,585 Likes: 17
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 26,585 Likes: 17 |
I moved my money to a safe fund last week. I am going to keep it there until this turmoil settles then move it back to an aggressive fund and let it ride back up. At that point I am going to move it to a safe fund and leave it there 'til I retire. The market is fickle and unpredictable. It reacts for reasons that defy explanation. The experts are always quick to try to explain the rises and falls, but if they were true experts they would have seen it coming. NOBODY saw this coming when it did. We all thought the market would correct at some point. But this happened at the same time we just got a lot of great economic news including a fantastic January jobs report and GDP figures of 5+%. Keep it in the "safe" fund. With that mentality and understanding of the stock market, you should not be in the game unless you enjoy life as a gambler. Yes indeed, I am calling you crazy. Get out and stay out before you lose your shirt too late in your life to ever recover! Please explain to me how I stand to lose my shirt in the TSP G fund. Then, after you explain that, please tell me how I can best invest my money. Thanks for your help.
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
dang..... racing for the close now over 300
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Joined: Aug 2011
Posts: 8,735
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2011
Posts: 8,735 |
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
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Joined: Jan 2005
Posts: 12,359
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2005
Posts: 12,359 |
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Joined: Dec 2006
Posts: 555
Campfire Regular
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Campfire Regular
Joined: Dec 2006
Posts: 555 |
daily chart ended with a big green hammer off the 200 moving average. that is a classic trend reversal signal.
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Joined: Feb 2006
Posts: 2,533
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,533 |
The dust hasn't settled yet, but it is time to start kicking tires. Might be time to take a nibble. Volatility is still in the air.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
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