I remember it dropping over 20% in one day in 1987. That was a nose dive. The dot.com meltdown over months was another. Whenever someone says or thinks it cannot happen again, they’re wrong.
It was way down in March of 2020 too.
The above instances have all been really good buying opportunities. As will be the instances when it happens again.
Money in big tech stock market Up 20%/year compounded annually under Clinton, Bush 43, and Obama 1994-2016 Up 40%/ year compounded annually under Trump 2016-2020 Up 13%/ year compounded annually under Biden 2020-2021
Between the relentless issuance of new vaccine boosters, demand for gas, and demand for electricity especially as the new electric vehicles appear overnight in everyones driveway several sectors in the market will most likely keep a complete nosedive from happening....unless a new variant shuts things down. Just my opinion.
When Fed Reserve member Dr. Brainard stated there could be several hikes this year, stocks with nose-bleed valuations got whacked and accelerated their decline today.
Made my annual withdrawal last Thursday......one day too late. The market took a dump that day! My loses were equal to a fair percentage of what I withdrew! My timing is exquisite! 🤬 memtb
Made my annual withdrawal last Thursday......one day too late. The market took a dump that day! My loses were equal to a fair percentage of what I withdrew! My timing is exquisite! 🤬 memtb
You may want to do what we do. We take monthly or quarterly withdrawals. It's sort of the same as dollar cost averaging, except in reverse.
Buy Buy Buy, Sell Sell Sell - great advice given by Rodney Dangerfield in Caddyshack.
Still have 10+ years before I'll need what I have invested in the market so I'm still buying. Dollar cost averaging has been working well for 30 years now.
Rick300: Some free advice to save your stress-out capacity>. Don't invest in the stock market in any way shape or form. Carefully shop for and buy "good deals" on real estate and rental properties. The tax advantages are wonderful and your money will be safer and shielded from demonerats better. I looked up the DOW (something I never do anymore) and it was not even a blip down, not even a burp down, not even a "tick" down - WTF? Me thinks thou doth worry to much. The ONLY people that do consistently well in the "stock market" over the long run are insider traders and politicians Hold into the wind VarmintGuy
Rick300: Some free advice to save your stress-out capacity>. Don't invest in the stock market in any way shape or form.
Hold into the wind VarmintGuy
Rick300 (three hundred!) some free advice —don’t listen to goofy old guys when it comes to investments. Lots of money made last year and it will continue.
Well Glad it means nothing. I gamble on Women, Whiskey and motorcycles.
Actually I agree with you on the market... we are in a world of trouble this time. I see no means/mechanics by which this market does not continue to get worse and worse.
Rick300: Some free advice to save your stress-out capacity>. Don't invest in the stock market in any way shape or form.
Hold into the wind VarmintGuy
Rick300 (three hundred!) some free advice —don’t listen to goofy old guys when it comes to investments. Lots of money made last year and it will continue.
A monkey made 20 per cent plus returns last year. Typical that a newby investor thinks this is average stock market return. Get back end of December and post your 2022 returns. lol
Rick300: Some free advice to save your stress-out capacity>. Don't invest in the stock market in any way shape or form.
Hold into the wind VarmintGuy
Rick300 (three hundred!) some free advice —don’t listen to goofy old guys when it comes to investments. Lots of money made last year and it will continue.
A monkey made 20 per cent plus returns last year. Typical that a newby investor thinks this is average stock market return. Get back end of December and post your 2022 returns. lol
The DOW is hardly down cause it has more conservative stocks. The Nasdaq is not taking a nose dive but it slammed on the brakes. Down 5.07% so far this year . . High dividend ETF's like SPYD are up 4.6% so far this year. I am up about 4% this year so far. Today the total stock market lost 1.4%, I lost .16% cause I have almost all high dividend stocks .
Rick300: Some free advice to save your stress-out capacity>. Don't invest in the stock market in any way shape or form.
Hold into the wind VarmintGuy
Rick300 (three hundred!) some free advice —don’t listen to goofy old guys when it comes to investments. Lots of money made last year and it will continue.
A monkey made 20 per cent plus returns last year. Typical that a newby investor thinks this is average stock market return. Get back end of December and post your 2022 returns. lol
This market hasn't even hit volatility yet.
You know as much about the stock market as you do about hunting and driving in the snow. LOL
Stick to what you know chubby- eating cheese burgers.
I have no short positions. I invest at the first of the fill my wifes and my ROTH ($14,000) and my SEP in March ($5,000). That is about all I can muster with a $50,000 yearly wage.
I'm seeing some of the super speculative stocks collapsing, like Peloton: 126 -> 31 Zoom: 400 -> 159 Twilio: 400 -> 215 which makes me think the market top may be in place.
When the giant companies like Tesla, Apple, Amazon, Netflix, etc. start to collapse then the bear will bite....and the Fed will start buying stocks
I wish I would have been more ready for that one. I had my money mostly at Edward Jones and that's the wrong place to be to buy individual stocks. I found that out when I bought 1000 shares of royal Dutch shell and they charged me about $600 to do that one trade. By the time I opened a fidelity account and got ej to finally transfer some of my funds to it things were back up a ways so I hesitated waiting for the second dip in what I though would be a W.
I missed some opportunities that March. Everything I tried to buy was a fight with my EJ broker and I was hesitant to pay the huge trade fees. I've got my fidelity account ready for the next one but I'm worried the next one will be much worse and much longer term. My crystal ball pretty much sucks though.
Yes, March 2020 was a nosedive. Investors who stayed the course have been rewarded.
I don't know if I told this story here. I had a co worker panic and sell all of his stock mutual funds in his 401k in March/April of 2020. He didn't buy back in until last summer. He won't say how much he lost. My account was -33% YTD at the bottom. I didn't sell and finished 2020 at +20%. If I use my numbers with his balance, he threw away 300k. It's going to be a rough year
Yes, March 2020 was a nosedive. Investors who stayed the course have been rewarded.
I don't know if I told this story here. I had a co worker panic and sell all of his stock mutual funds in his 401k in March/April of 2020. He didn't buy back in until last summer. He won't say how much he lost. My account was -33% YTD at the bottom. I didn't sell and finished 2020 at +20%. If I use my numbers with his balance, he threw away 300k. It's going to be a rough year
Daddy always said "If you are going to be dumb then you need to be tough".
Yes, March 2020 was a nosedive. Investors who stayed the course have been rewarded.
I don't know if I told this story here. I had a co worker panic and sell all of his stock mutual funds in his 401k in March/April of 2020. He didn't buy back in until last summer. He won't say how much he lost. My account was -33% YTD at the bottom. I didn't sell and finished 2020 at +20%. If I use my numbers with his balance, he threw away 300k. It's going to be a rough year
Daddy always said "If you are going to be dumb then you need to be tough".
So very true. He's an arrogant lib who thinks he's smarter than everyone there. Stupid is as stupid does.