Blonde Granny
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Post by Blonde Granny on Feb 8, 2018 16:02:26 GMT -5
What a day on Wall St.
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countrygirl2
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Post by countrygirl2 on Feb 8, 2018 16:11:41 GMT -5
Yeah, how is that stock market going, will be interesting to see tomorrow.
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Deleted
Joined: May 7, 2024 0:44:55 GMT -5
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Post by Deleted on Feb 8, 2018 16:59:01 GMT -5
Officially in correction territory now. It's not like we didn't know this was coming.
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movingforward
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Post by movingforward on Feb 8, 2018 17:24:45 GMT -5
For purely selfish reasons I would like to see it stay down for a while. I am starting to reach some large earning years and trying to make up for some lost time.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Feb 8, 2018 19:07:57 GMT -5
Oops it did it again?
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haapai
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Character
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Post by haapai on Feb 8, 2018 19:09:13 GMT -5
Here's my perspective. I'm 49 and way behind on saving for retirement. (It will take a miracle for me to be able to retire at 65 instead of my FRA of 67.)
Over the course of the last week, my retirement portfolio has lost more value than I have equity in my house and even if I had known that this was going to happen a week ago, there's nothing that I could have done. It's almost all in a 401(k) and reallocation takes time. Ditto for turning off the spigot of new contributions. Ditto for turning that spigot back on again. If I'd tried to react to market events, I'd be out late and damn slow to get back in. I'd rather stay the course than take the risk of not being in the market for months as it ticks upward.
But I do have some sympathy for folks who are compelled to take distributions now, as well as those who have just entered the market.
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CCL
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Post by CCL on Feb 8, 2018 19:47:29 GMT -5
Here's my perspective. I'm 49 and way behind on saving for retirement. (It will take a miracle for me to be able to retire at 65 instead of my FRA of 67.) Over the course of the last week, my retirement portfolio has lost more value than I have equity in my house and even if I had known that this was going to happen a week ago, there's nothing that I could have done. It's almost all in a 401(k) and reallocation takes time. Ditto for turning off the spigot of new contributions. Ditto for turning that spigot back on again. If I'd tried to react to market events, I'd be out late and damn slow to get back in. I'd rather stay the course than take the risk of not being in the market for months as it ticks upward. But I do have some sympathy for folks who are compelled to take distributions now, as well as those who have just entered the market. Just curious why you say, "reallocation takes time." It only takes a couple minutes with my account.
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haapai
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Post by haapai on Feb 8, 2018 20:08:24 GMT -5
I don't think that my account is that responsive, and I work odd hours and days. I'm basically asleep whenever the market is open. I've never tested the response time, but given the hours that I keep, it could be several hours.
Which does make staying the course quite a bit easier. I may be deluding myself just to avoid buying on the highs and selling on the lows.
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Rob Base 2.0
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Post by Rob Base 2.0 on Feb 8, 2018 21:00:17 GMT -5
Don't 401Ks usually transact at close of business? So you can't really trade mid-day as it will be executed at close of business? or am I wrong on that?
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resolution
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Post by resolution on Feb 8, 2018 21:16:48 GMT -5
All my mutual funds trade at the end of the day, after the end of the day price has been established. I believe that if someone has ETFs they trade immediately, similar to individual stocks.
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busymom
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Why is the rum always gone? Oh...that's why.
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Post by busymom on Feb 8, 2018 22:01:40 GMT -5
My company trades at the end of the day. No point in making any changes midday. A lot can happen in a short amount of time.
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❤ mollymouser ❤
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Sarcasm is my Superpower
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Post by ❤ mollymouser ❤ on Feb 8, 2018 22:14:09 GMT -5
I am pretty sure that this market correction is completely my fault. After years of happily being risk-averse and avoiding the stock market like the plague, a few short months ago I convinced my wonderful DH to switch his retirement account allocations from the G Fund (no risk) to the C and S funds (in the Thrift Savings Plan). So ... we didn't get any great benefit from last year's gains. ANYWAY .... I went online today and looked at his account and all I can say is "AAAAAUUUUUUUGH!"
I'm fastening my seat belts ... it's going to be a bumpy ride.
(Good thing he is just 52 and we've got some time to see things grow. Plus his military pension)
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jd2005
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Post by jd2005 on Feb 8, 2018 22:30:08 GMT -5
You only get hurt during this downfall of you get out. Stay the course.
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janee
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Post by janee on Feb 9, 2018 10:34:33 GMT -5
I'm not looking! We have friends that pulled out of stocks after the 2009 crash. We left ours alone. They didn't get back in until the market was back. They lost on the upswing. Don't change anything! If you have some money and don't need it soon, buy in now!
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Rukh O'Rorke
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Post by Rukh O'Rorke on Feb 9, 2018 12:43:52 GMT -5
Don't 401Ks usually transact at close of business? So you can't really trade mid-day as it will be executed at close of business? or am I wrong on that? I think 401ks are worse, and it may takes days to make a switch. Anyone with info? Where we at for Friday? Up or down?
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Deleted
Joined: May 7, 2024 0:44:55 GMT -5
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Post by Deleted on Feb 9, 2018 12:55:47 GMT -5
Don't 401Ks usually transact at close of business? So you can't really trade mid-day as it will be executed at close of business? or am I wrong on that? I think 401ks are worse, and it may takes days to make a switch. Anyone with info? Where we at for Friday? Up or down? Down 338 at the moment.
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NastyWoman
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Post by NastyWoman on Feb 9, 2018 13:53:52 GMT -5
Contemplating making some changes to my Roth funding for the year → It was planned for the second half of this year but I may start earlier. Timing the market may not work but I can try to get a little of the current low in
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CCL
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Post by CCL on Feb 9, 2018 15:51:53 GMT -5
Don't 401Ks usually transact at close of business? So you can't really trade mid-day as it will be executed at close of business? or am I wrong on that? I think 401ks are worse, and it may takes days to make a switch. Anyone with info? Where we at for Friday? Up or down? 401k with Fidelity "trades" are processed at the end of trading day. Contribution changes always took effect next payday.
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Deleted
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Post by Deleted on Feb 9, 2018 19:22:47 GMT -5
DOW bounced up 300 pts today and we added $300 to our accounts vs the $35,000 loss over the last week. This is a good example why the DOW isn't necessarily the best benchmark for individual investments; it all depends on what you hold. For us, it's still long-term and stay the course. But it really does make one's stomach churn
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Ava
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Post by Ava on Feb 10, 2018 9:05:51 GMT -5
I wish there was a better way for regular folk to fund their retirements and save. Each time I contribute to my 401k and IRA I feel like I am gambling. But it's the only realistic chance we are given so I invest my hard-earned money and hope for the best.
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beergut
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Post by beergut on Feb 11, 2018 6:54:15 GMT -5
DOW bounced up 300 pts today and we added $300 to our accounts vs the $35,000 loss over the last week. This is a good example why the DOW isn't necessarily the best benchmark for individual investments; it all depends on what you hold. For us, it's still long-term and stay the course. But it really does make one's stomach churn DOW has gone up 22% since Trump took office. If you were in the DJIA since Trump took office, you have experienced a 9.17% drop since the high of 26616.71, but you've still made 22%. So you could talk about how you're down $35k, or still up $84k since the inauguration.
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Deleted
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Post by Deleted on Feb 11, 2018 7:44:05 GMT -5
Missed her point completely.
Also, % are a bit more complex than that. 100 goes to 122 it goes up 22%. But going down 10% means it drops to 110. Because it’s a % of a higher number... meaning the difference isn’t simply subtracting one from the other.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Feb 11, 2018 12:19:17 GMT -5
any predictions for monday's market or the next week?
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Deleted
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Post by Deleted on Feb 11, 2018 12:42:00 GMT -5
It was way too volotile Friday for me to even guess. It was so funny to read the news because lagging 15-20 minutes meant a totally different picture. And while some are saying the market bounced 300 points at the end, in reality it bounced 525... but was on it’s way back down... after being down 500 earlier in the day... trading a 1000+ point range throughout the day.
I just don’t have any idea what tomorrow brings...
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beergut
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Post by beergut on Feb 11, 2018 15:27:09 GMT -5
Missed her point completely. Also, % are a bit more complex than that. 100 goes to 122 it goes up 22%. But going down 10% means it drops to 110. Because it’s a % of a higher number... meaning the difference isn’t simply subtracting one from the other. The 22% isn't subtracting 9.17% from the gains, it is simply counting growth from the inauguration until now, so the drop is already priced in.
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Deleted
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Post by Deleted on Feb 11, 2018 18:06:20 GMT -5
Your 84k/35k numbers are what is wrong.
(And the point anyway was the Dow isn’t a straight representation of a person’s accounts/ movement)
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Deleted
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Post by Deleted on Feb 12, 2018 17:56:19 GMT -5
I was not up $84K or 22% since inauguration, nor do I expect to track the Down or the S&P. My stock mix is unique and moves as it will in response to both the overall market and the vagaries of each equity. I lost a ton in one day when the market soared because of reports that Apple was scaling back production of the IPhone 10 due to poor sales and half my IRA is in Apple. Even a booming market can't seem to make Under Armour thrive, nor has Goldman Sachs Energy Renaissance had a renaissance yet, nor will it until oil moves higher. That's why I emphasize corporate balance sheet fundamentals and revenue prospects over and above any other factor.
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beergut
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Post by beergut on Feb 13, 2018 15:26:26 GMT -5
Your 84k/35k numbers are what is wrong. (And the point anyway was the Dow isn’t a straight representation of a person’s accounts/ movement) She said she was down $35k, I just used that as an example of what the loss would be as a percentage. So, if you were in a DJIA index, you could talk about how you lost 9.17%, or how you're up 22%.
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beergut
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Post by beergut on Feb 13, 2018 15:36:08 GMT -5
I was not up $84K or 22% since inauguration, nor do I expect to track the Down or the S&P. My stock mix is unique and moves as it will in response to both the overall market and the vagaries of each equity. I lost a ton in one day when the market soared because of reports that Apple was scaling back production of the IPhone 10 due to poor sales and half my IRA is in Apple. Even a booming market can't seem to make Under Armour thrive, nor has Goldman Sachs Energy Renaissance had a renaissance yet, nor will it until oil moves higher. That's why I emphasize corporate balance sheet fundamentals and revenue prospects over and above any other factor. You're not a little worried about being so overweight in one stock? Your money is your money, so no criticism here, but wow, that's a lot of faith in one company. As for GER, a 3%+ expense ratio? It's your money, though.
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Deleted
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Post by Deleted on Feb 13, 2018 16:51:00 GMT -5
I was not up $84K or 22% since inauguration, nor do I expect to track the Down or the S&P. My stock mix is unique and moves as it will in response to both the overall market and the vagaries of each equity. I lost a ton in one day when the market soared because of reports that Apple was scaling back production of the IPhone 10 due to poor sales and half my IRA is in Apple. Even a booming market can't seem to make Under Armour thrive, nor has Goldman Sachs Energy Renaissance had a renaissance yet, nor will it until oil moves higher. That's why I emphasize corporate balance sheet fundamentals and revenue prospects over and above any other factor. You're not a little worried about being so overweight in one stock? Your money is your money, so no criticism here, but wow, that's a lot of faith in one company. As for GER, a 3%+ expense ratio? It's your money, though. I don't think I could sleep at night if my retirement was in a handful of single stocks. My risk tolerance is pretty high, but not THAT high.
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