Gardening Grandma
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Post by Gardening Grandma on Mar 6, 2020 22:42:12 GMT -5
<sigh> The Dow closed at -256.50. Another lousy week. Well -250 is pretty good in comparison to the rest of the week
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Ava
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Post by Ava on Mar 7, 2020 14:04:26 GMT -5
I'm not looking at my balance and I keep plugging along.
I will do my 2019 IRA contribution on Monday. Since I cannot time the market and I don't have crystal ball, I'll keep plugging along.
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Deleted
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Post by Deleted on Mar 8, 2020 22:08:38 GMT -5
Futures hit 5% this evening and the market was halted.
Oil dropped 25%.
The market is going to get slaughtered tomorrow when it opens.
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Gardening Grandma
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Post by Gardening Grandma on Mar 8, 2020 22:15:08 GMT -5
.https://finance.yahoo.com/news/dow-futures-plunge-1-000-234211153.html
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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 Mar 8, 2020 23:06:19 GMT -5
I don't believe we've hit bottom yet. JMHO.
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Gardening Grandma
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Post by Gardening Grandma on Mar 8, 2020 23:24:36 GMT -5
I don’t either
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Deleted
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Post by Deleted on Mar 9, 2020 7:35:47 GMT -5
You guys need to stop looking!
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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 Mar 9, 2020 7:42:45 GMT -5
You guys need to stop looking! I know. But it's kind of like watching a train wreck. You don't want to see it, but you peek to see what's going on anyway...
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CCL
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Post by CCL on Mar 9, 2020 8:54:06 GMT -5
You guys need to stop looking! Doesn't bother me a bit. I'm waiting for some bargains.
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Deleted
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Post by Deleted on Mar 9, 2020 9:04:54 GMT -5
I've never tried market timing until last Sep, I missed the 10% gain between then and a month ago, now it is down around 8% from when I sold, I had anticipated jumping back in when it was down 20% from when I sold.
I remember thinking in 08 that I wished I had money to invest in some beaten down stocks because it was a golden opportunity. I realize the current situation is due to a soon to be pandemic but at the same time we may get that same opportunity again and this time I have cash to do something with it. We aren't there yet.
Major airline stocks are waaaaaay down, don't know if I have the fortitude to do it but there could be money to be made there when it hits bottom.
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gs11rmb
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Post by gs11rmb on Mar 9, 2020 9:23:47 GMT -5
I just logged into Vanguard and received this message:
"Market trading is halted due to steep declines. Orders placed when trading is halted may not execute until trading resumes. If the market doesnt reopen on a day after trading halts, all unexecuted day orders will be cancelled."
That doesn't seem like a good sign...
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Tiny
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Post by Tiny on Mar 9, 2020 12:13:32 GMT -5
I've never tried market timing until last Sep, I missed the 10% gain between then and a month ago, now it is down around 8% from when I sold, I had anticipated jumping back in when it was down 20% from when I sold.
I remember thinking in 08 that I wished I had money to invest in some beaten down stocks because it was a golden opportunity. I realize the current situation is due to a soon to be pandemic but at the same time we may get that same opportunity again and this time I have cash to do something with it. We aren't there yet.
Major airline stocks are waaaaaay down, don't know if I have the fortitude to do it but there could be money to be made there when it hits bottom. Despite the fact that the Covid19 is a hoax and Democrats have weaponized it and caused the Stock Market to plunge, Trump's administration is talking about bail outs and economic stimulus ... so perhaps the airlines may get a bail out. Cause, you know, having the Fed cut rates didn't really make people want to go out and eat or plan a trip or spend more money on consumer goods.
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Deleted
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Post by Deleted on Mar 9, 2020 12:54:08 GMT -5
-1932... MAGA?
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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 Mar 9, 2020 13:10:20 GMT -5
Holy cow! It's hit -2,065. When will it end?
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kent
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Post by kent on Mar 9, 2020 13:41:04 GMT -5
Holy cow! It's hit -2,065. When will it end? It will end at 1:00PM pacific time (plus or minus a couple of minutes as it "settles)
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busymom
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Post by busymom on Mar 9, 2020 13:45:24 GMT -5
Holy cow! It's hit -2,065. When will it end? It will end at 1:00PM pacific time (plus or minus a couple of minutes as it "settles) It's great to hear from you Kent! It's been too long. How is life treating you? (Except for the stock market, of course...)
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thyme4change
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Post by thyme4change on Mar 9, 2020 14:14:37 GMT -5
You guys need to stop looking! I know. But it's kind of like watching a train wreck. You don't want to see it, but you peek to see what's going on anyway... I was looking out my office window and saw a dog running around on a side street. I watched him approach the busy street and was trying to will him to stop running as he got closer and closer. When I realized he was a dumb-ass and was going to run right into traffic, I instinctively covered my eyes, but immediately peeked. I didn't actually see him get hit, but I think I only missed one second of the whole story. Not a full train wreck, but I both did and didn't want to see it happen.
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NastyWoman
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Post by NastyWoman on Mar 9, 2020 14:27:21 GMT -5
So glad I am not looking at what RMDs would do to my accounts right now. That could be really ugly!
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Deleted
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Post by Deleted on Mar 9, 2020 14:51:25 GMT -5
So glad I am not looking at what RMDs would do to my accounts right now. That could be really ugly! Just the opposite. You can take an RMD (which will be less as the total account value is less) and pay less tax per share to then leave the same share in a now brokerage account that switches from taxable income per the tax tables to long term capital gains. If things get really bad, I might roll over some IRA's to Roth IRA's. My number of shares will remain exactly the same, but I'll pay way less tax doing that in a dip versus a peak. If you stop looking at the value of the account today and simple at the number of shares you have, all of a sudden the emotion can leave and you can see how your will pay less tax per share doing a RMD or conversion in a major downturn.
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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 Mar 9, 2020 16:17:45 GMT -5
Blech! What a day. -2014. Has Trump resigned yet?
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busymom
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Why is the rum always gone? Oh...that's why.
Joined: Dec 25, 2010 21:09:36 GMT -5
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Post by busymom on Mar 9, 2020 19:59:54 GMT -5
LOL! I just saw #TrumpCrash. Ya think?
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ken a.k.a OMK
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They killed Kenny, the bastards.
Joined: Dec 21, 2010 14:39:20 GMT -5
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Post by ken a.k.a OMK on Mar 9, 2020 20:28:04 GMT -5
So glad I am not looking at what RMDs would do to my accounts right now. That could be really ugly! Just the opposite. You can take an RMD (which will be less as the total account value is less) and pay less tax per share to then leave the same share in a now brokerage account that switches from taxable income per the tax tables to long term capital gains. If things get really bad, I might roll over some IRA's to Roth IRA's. My number of shares will remain exactly the same, but I'll pay way less tax doing that in a dip versus a peak. If you stop looking at the value of the account today and simple at the number of shares you have, all of a sudden the emotion can leave and you can see how your will pay less tax per share doing a RMD or conversion in a major downturn. But:
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billisonboard
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Post by billisonboard on Mar 9, 2020 20:28:08 GMT -5
LOL! I just saw #TrumpCrash. Ya think? Think we are past the Trump Slump.
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countrygirl2
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Post by countrygirl2 on Mar 10, 2020 2:03:50 GMT -5
Ours are in pretty safe stuff, one went down just a bit. The other is still earning just not as much. We had a withdrawal out of his biggest one in January so have till next January to recover. So I'm not concerned. I am taking a month or twos worth of cash out and tucking away, just in case. The fed is pumping cash into the system, said most is going into stocks. I'm guessing folks have bought on margin and now have to pay the stock off. They pumped an extra $50B in today.
I also read the interest rates were so low, they weren't interested in buying our treasuries now. And now they are going to lower them even more. Seems like that is how we have been financing all our debt because we were the only one paying interest, what will this do to us?
My son said his is down $40k, said he is just glad he isn't ready to retire. He buys dividend earning stocks.
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jerseygirl
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Post by jerseygirl on Mar 10, 2020 7:24:56 GMT -5
Futures are up 4% this morning
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ken a.k.a OMK
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They killed Kenny, the bastards.
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Post by ken a.k.a OMK on Mar 10, 2020 8:30:04 GMT -5
Futures are up 4% this morning I was down $150k yesterday. $454k since 2/14.
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Gardening Grandma
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Post by Gardening Grandma on Mar 10, 2020 10:24:50 GMT -5
Dow now up 67 23 8 -29
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Wisconsin Beth
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No, we don't walk away. But when we're holding on to something precious, we run.
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Post by Wisconsin Beth on Mar 10, 2020 10:54:12 GMT -5
I'm not looking. I'm assuming I'm getting pounded. I'm mostly in riskier/international fund in my 457. Because I think of my pension as the cash portion of my retirement, I'm willing to take more of a risk in the 457.
Although I'm thinking about rethinking that plan... I'll be 50 this summer.
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Deleted
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Post by Deleted on Mar 10, 2020 11:07:39 GMT -5
I just remembered I had a couple thousand sitting in the settlement account in my Roth that I should push into stocks now. Only that means I'd have to log into Vanguard and see my accounts. Not sure it's worth it.
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Deleted
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Post by Deleted on Mar 10, 2020 14:05:25 GMT -5
I just remembered I had a couple thousand sitting in the settlement account in my Roth that I should push into stocks now. Only that means I'd have to log into Vanguard and see my accounts. Not sure it's worth it. Check with Vanguard. It was my understanding that if you are buying mutual funds, it is yesterday's price, which was way down.
I was sceptical, but that is indeed how it played out. But please confirm before doing it. I was doing a conversion, which might make a difference.
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