It just getting harder and harder to deal with more "buying opportunities"
Especially when you have a good size nest egg.
I want to walk the people that are retired now and looking at their portfolio to provide a little extra income for them?
dow jones
- Thread starter Jkloc420
- Start date
Especially when you have a good size nest egg.
I want to walk the people that are retired now and looking at their portfolio to provide a little extra income for them?
Thebrownblob
Well-Known Member
Yep when you get to the point of your career like you, and even me to a little lesser extent myself because I have a little while to go. You begin to sweat the market swings. I remember 2008 being concerned but not overly worried even though it sounded like the world was going to end. I’m sure guys getting ready to retire were crapping bricks.
And many of those people pulled all of the money out of the market and never got a chance to recoup it back.
Thebrownblob
Well-Known Member
No doubt, all the investors, pensioners, and 401(k) holders were left holding the bag. While all the rich people gotta bail out.
And what about all the people that pulled their money out when the market crashed in 2020?
Thebrownblob
Well-Known Member
I wish I was one of them
Even though the market is gone right now it's still a lot higher now than it was in March of 2020I wish I was one of them
Thebrownblob
Well-Known Member
Someone who was investing in 2003 is still doing quite well today, it’s a long-term thing, that’s why I was telling @rickyb not to cherry pick with 25%. Some people have the philosophy their whole life that it’s of no use to invest. They Make it to retirement and have very little.
You just have to have a plan and try not to invest with your emotions.
Thebrownblob
Well-Known Member
Most definitely, imagine if we had pulled our money out in 2008…..
When the market finally bottomed out in March of 2009 it was very painful to look at.
Thebrownblob
Well-Known Member
I don’t think I looked lol.
I remember late summer early fall right get a milestone in my 401k, for one day. Then it free falled for the next year and a half until it was almost cut a half
Up In Smoke
Well-Known Member
The tax cut years tend to have the largest return on investment. 2003, 2009, 2013 and 2017 were tax cut years and also coincides with companies ability to buy back stock those same years. Companies don't become worth more, but their stock value increases. Don't be fooled by this.
Wally
BrownCafe Innovator & King of Puns
Dow suffers longest losing streak since 2001 as stocks benchmarks extend weekly losses despite closing sharply higher Friday
U.S. stocks close sharply higher Friday, but all three major benchmarks suffer another week of losses amid heightened volatility.
www.marketwatch.com
Connaughton said by phone Friday. “This is the beginning of a bottoming process.”
Fasten your seatbelt?
Dow suffers longest losing streak since 2001 as stocks benchmarks extend weekly losses despite closing sharply higher Friday
U.S. stocks close sharply higher Friday, but all three major benchmarks suffer another week of losses amid heightened volatility.
Connaughton said by phone Friday. “This is the beginning of a bottoming process.”
Up In Smoke
Well-Known Member
P/E compression still has some work to do. Companies way over valued. Has been a better than average earnings season with the vast majority of companies beating revenue numbers. Next 2 quarters will tell the tale. Can companies afford to pay higher wages and maintain work force numbers?
Thebrownblob
Well-Known Member
Nothing to be fooled by, look at your own portfolio. The only people being foolish are the ones not investing at all.
That is not the time to quit investing.
Thebrownblob
Well-Known Member
Correct, the chart I showed was not too talk about company profits or their value. Ricky said it was down 25%, but he was cherry picking years. Most people don’t care about any of that stuff they’re going to look at there Investments in 10 to 20 years from now and realize it was a good idea to invest. Investing takes time and goes up and down. Most of us are not daytraders, or stock market gurus, we just want to get to the finish line and have a decent retirement.
