jmlrn
Initiate Member
Joined: Jun 17, 2020 20:39:47 GMT -5
Posts: 51
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Post by jmlrn on Jun 15, 2022 22:03:51 GMT -5
I have been busy the last two days and not following the markets until an hour ago. This is getting serious. I know most posters here did not invest back forty some years ago, as many of you are not that old and this is not as similar to the collapse back then just yet, but it feels like Friday or Monday may just see a total sell off, and it will not be pretty. I do not think Friday can pull off a big pop tomorrow, and not sure if it does whether it will follow through on Monday. Look for it to get worse on either day. I think when it stops, we are looking at years to recoup the previous highs in the market levels. No more of taking a few months to recover the dropswe have witnessed the last couple of years The good thing is, if you are ten or fifteen years from retirement, you will have time to make major gains. Meanwhile Value Buy may have to come out of retirement if this continues much longer  What if you are 5 years from retirement? I just switched my 401ks & 403B to 2025 target date funds. They were previously in Lincoln stable value fund making little gains. Now I feel as if I made a bad decision. I've lost about $100,000 of the 650,000 I had saved for retirement. Not sure what to do. The future looks bleak. |
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 76,707 
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Post by djAdvocate on Jun 16, 2022 15:19:40 GMT -5
i should have shorted RUT when it fell below 2100.
i suck so bad at shorting, though. i never get it right on timing.
i enter too late, and exit too soon.
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Ombud
Junior Associate
Joined: Jan 14, 2013 23:21:04 GMT -5
Posts: 7,602
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Post by Ombud on Jun 16, 2022 16:29:47 GMT -5
i should have shorted RUT when it fell below 2100. i suck so bad at shorting, though. i never get it right on timing. i enter too late, and exit too soon. the only thing I've ever 'made money' on shorting was CCL. Bought and sold 2020-2021 until I wiped out my 2020 losses |
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