The go to will be that Americans are worried about Democrats and Socialism taking over the country and the market will rebound once America reelects Trump. We've seen it before.
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Dow falls 1,191 points -- the most in history
- Thread starter Video Games Are Dumb
- Start date
If you can afford to buy a house then proceed to buy a house. You can't worry about dips or peaks when it's a 30 year decision.
"I know you can't time the market, but you might want to try and time the market"
LOL, no. It was below 10,000 in the first term of the Bush administration
It's not usually a 30 year decision. At least for a lot of people.
But that's a pointless distinction because you're still probably right. I don't know why I needed to say that. My bad.
This video sums up trying to time the market
Key take away? Don't. Especially if you're 30 years away from retirement.
Key take away? Don't. Especially if you're 30 years away from retirement.
Aren't most mortgages 30 years? Most people can't afford to pay out of cash.
If I had been investing for the past 6 years and had a size-able earnings buffer from my investments then I probably wouldn't have sold my stocks. I started investing in December of 2019, so I'm very glad to see the warning signs and bow out before I went into the red.
Stating the obvious there in his obvious table of obvious factors.
You shouldn't really try timing Roth IRA contributions, if you have the money available then contribute. That said, now is as a perfect time as any to make your contribution.
Head's in the sand...I have probably around 20 years until retirement, so I'm just gonna keep on contributing. Lots of people pulled out when the market tanked in 2008, and they missed out on bigly gains.
Tough (impossible) to say where the bottom is, but the short answer is "Yes." Unless you're retiring in the very near future, you should be putting in.
Tough (impossible) to say where the bottom is, but the short answer is "Yes." Unless you're retiring in the very near future, you should be putting in.
I'm worried it's a bit of a get outta jail free card. Even if we're unprepared for it, most countries are too. He can't say the decline is due to his shitty economic policies
The economy is literally the only thing he has going for him going into the election
You're trying to time the market. Unless you're near retirement age you should be continually adding to positions, not investing for ~3 months only to sell and accumulate higher taxes on those short-term gains. The market will always beat you in the end.
This is assuming you are investing with money you don't actually need right now. If you are investing with money you absolutely need in the near short-term, do not put that money into the market.
🤷‍♂️ I would have lost a few thousand that I cannot afford to lose. I might get higher taxes on short-term gains now but I haven't lost the money I put into the market.
Keep this in mind: You don't lose anything until you actually sell.
I'm not going to speculate exact stocks for people but keeping your money liquid right now would be the stupidest thing to do if it's available to be invested.
You didn't need to predict it all the news for the last month has been about the pandemic. All the reports have been about the incompetency of containment. Factories closing and the top fortune 500 companies saying it was going to effect their earnings in the coming quarter. Now we're hearing reporting that it's going to be a struggle to see profitability from companies this year because of the supply chain being halted. The WHO is still reluctant to even declare officially a pandemic yet are saying it not a matter of if but when.
I think this is going to be the nail in the coffin for Trump's reelection unless the coronavirus is mitigated far more quickly than what people are expecting. He's coasted off of a good economy for almost his entire presidency, and even if he handled the federal response to a public health crisis with flying colors (hint: he won't) voters won't be satiated unless their retirement accounts go back to normal
I get that. What I'm saying is that if you held, and it went down, you still wouldn't have lost anything as long as you didn't actually sell. Then, when there's an eventual rebound, you'd come out on the other end with an even higher gain. You probably had to pay a transaction fee to buy and then to sell. You'll also have to pay capital gains on what you made. Now, when you go to buy again, you'll have to pay another transaction fee, and then capital gains again when you sell later. And there's no telling when that rebound will be. It could shoot up tomorrow, and you'll miss out.
No. You should be regularly funding it and not timing a market. Example: regular contributions since last Feb would still have you up year over year.
If you have a little extra to put into contributions when markets dip thats fine (say you decide to use your tax return on contributions this year instead of a vacation), but only investing during downturns is leaving a lot of money on the table.
Or not. The market could collapse tremendously in the coming weeks/months, which would present a much better investment opportunity than now.
You know, quite literally, nothing more than I do on the matter.
You should not put money in the market that you can't afford to lose 2 months later.
I disagree. Conservatives will see this isn't because of Trump and tell their constituents it's the Virus' fault, which it is. But they won't recognize the health issues that will arise because of our shitty health care system and response to it.
If he only started invest in December of 2019, he's paying full payroll taxes, making it even worse.
Can't time the market. It's like anything else. You are going to have ups and downs. If you live where weather can be bad do you move or do deal with it and know that's part of the package. If you feel the US economy will stay static or get worse the next 50 years then don't invest.. If you think it will still be in good shape then invest. That's why index funds are the easiest safest most powerful option..you are betting on the entire economy not a few companies over an extended period of time and so far it has never not bounced back. It is incredibly scary and frightening to ride the wave so I get why people bail and get shook when things are bad.
THe problem is the sustained drops.
If this keeps going into next week we got problems.
Yep.
Unrealized losses are unrealized until you pull the trigger.
Fees and taxes also eat into investments big time over years and decades.
Time is your friend in investing, play the long game and do it as cheaply as possible. Risk needs to be hedged.
Otherwise, you're really just playing in Vegas and should have no illusions that you're "investing".
