Thankfully I dumped all my “fun money” stocks and crypto a while back to stick into the house build. Today’s prices are measurably lower than values of the Fall.
There’s going to definitely be some bargains, but I think I’ll still sit this out and see where these energy/fuel prices peak at.
Oof-da – just looked at our YTD 401k and the current markets. Alot of unknown in the near future it looks like.
Oof-da – just looked at our YTD 401k and the current markets. Alot of unknown in the near future it looks like.
There is always a lot of unknown in the near future. People just choose to ignore this fact if things are currently going their way.
Remember that the average is the thing that almost never happens. To make up the average there are many years above and many years below.
Don’t have funds that youu need or expect to need in the short term exposed to market risk. Keep your holdings diversified. Don’t panic sell.
Finally, remember if you’re a younger guy, time is on your side. You WANT to be investing in down markets because that’s what sets up the potential to produce your later gains.
I remember people at work used to talk all the time about stopping their 401K contributions when the market got bad so they didn’t “lose money”. That’s the worst possible thing you can do imo.
Yup, 401k’s are taking a beating, but anyone not retiring soon is buying low now. Bitcoin and crypto’s are taking an even worse beating.
Buy when there is blood in the water. The market reacts to certainty and clearly there is plenty of uncertainty, and slow reactions by the Fed. I remember the guys who pulled their 401Ks back in March 2020 and missed out on one of the most impressive bullruns ever. Scared money doesn’t make money.
Oof-da is right.. We have another interest rate hike coming in July also. It will be a blood bath for a while here. S&P was down 23% this morning on the YTD charts..
Everything that is a cost to my family is way up!! Fuel cost, interest rates, ect. We have inflation on everything we call necessary goods while our savings and 401 is taking a beating. Do I dare point a finger at the captain or crew driving the boat here?? Or is it still everyone else to blame and we cant talk about it…. 
Oof-da is right.. We have another interest rate hike coming in July also. It will be a blood bath for a while here. S&P was down 23% this morning on the YTD charts..
Everything that is a cost to my family is way up!! Fuel cost, interest rates, ect. We have inflation on everything we call necessary goods while our savings and 401 is taking a beating. Do I dare point a finger at the captain or crew driving the boat here?? Or is it still everyone else to blame and we cant talk about it….
Im on board with ya but i dont need to play the political blame game.
I understand the logic behind buying when the market is low. It’s just very difficult for me to do. I personally have a pretty pessimistic view of where America is headed and think there is a chance all investments become worthless in my lifetime – yes im talking about a total collapse of society as we know it today. But at the same time what do you do with stagnant money? In my doomsday scenario I can either leave it in a savings for inflation to eat away at it before it becomes worthless or roll the dice on the market…. I guess fortunately or unfortunately for me I don’t have a lot of free cash to invest right now anyway so for the moment I’ll just watch my current investments sink
I personally have a pretty pessimistic view of where America is headed and think there is a chance all investments become worthless in my lifetime – yes im talking about a total collapse of society as we know it today. But at the same time what do you do with stagnant money? In my doomsday scenario I can either leave it in a savings for inflation to eat away at it before it becomes worthless or roll the dice on the market…
Buy physical gold, those huge bags of rice at Costco, a bunch of vegetable seeds, and ammo. Go full doomsday prepper. 
“The interest is up, the stock markets down and you only get mugged if you go downtown…”
Buy physical gold, those huge bags of rice at Costco, a bunch of vegetable seeds, and ammo. Go full doomsday prepper. “The interest is up, the stock markets down and you only get mugged if you go downtown…”
all good ideas. i always buy food in bulk and just did find a great deal on 9mm ammo. Bring on the apocalypse 
“The interest is up, the stock markets down and you only get mugged if you go downtown…”
[/quote]
I’m digging the hank
“The interest is up, the stock markets down and you only get mugged if you go downtown…”
I’m digging the hank
[/quote]
Wait a minute, I thought you were a metal guy? 
yes im talking about a total collapse of society as we know it today.
If you really believe this, then yes I agree with Big Wern. Buy silver and gold bars/coins and stash them in a safe place.
-J.
Anyone not retiring soon is buying low now.
Yes, I agree, but for a lot people the current increases in daily spending is going to make them rethink if they have that extra 10-20% of income laying around to invest during the downturn. Liquid cash will be on a lot of people’s minds instead…
<div class=”d4p-bbt-quote-title”>Bearcat89 wrote:</div>
“The interest is up, the stock markets down and you only get mugged if you go downtown…”I’m digging the hank
Wait a minute, I thought you were a metal guy? 
[/quote]
I love music in general, but grew up with hank on in the house daily
We had massive inflows mid 2020 and into 2021 due to there literally being nothing else to do. every tom dick and harry got the itch to do something when everything was shut down and there were no sports. So it was 18 months of market chasing and now its been 6 months of the chasers getting absolutely pistol whipped.
2020 high flying funds/etf/stocks have lost their shirts.
now is the time to evaluate your asset allocation. if you are struggling to sleep at night, you may be too agressive.
A fresh batch of Millionaires/Billionaires are in the making right now… the oranges are threatened by the frost right now… time to get in cheap.
“Only when the tide goes out, do you see who has been swimming naked”
^There’s a decent potential some people and businesses could get exposed in the next 12-18 months. The sky isn’t falling, but the days of borrowing money for free and watching everything turn a profit may no longer be the norm.
Diversification and watching longitudinal gains are going to put people in the best place to succeed financially. In the grand scheme of things for people nowhere near retirement age, this will hardly be a bump in your financial portfolio years from now. If anything, look for places to invest over the next year or so as things cool off and recede (possibly).
I made the mistake at looking at my 401k two days in a row. Its pretty crazy how much in can change in just a day.
I’m 61 and retired and am taking advantage of the low prices. Everyone likes sales, well the market is having a sale right now. Like Grouse said, too many folks buy & sell at exactly the wrong time. Don’t let fear drive your decision making.
It seems the market goes thru major corrections about every 10 years. Just looking back you had the 87′ market crash, .COM bust, Prime Mortgage bust and the current correction. When I was in college shortly after 87′ a car loan was in the neighborhood of 12%. Savings accounts actually earned around 4% if that’s believable. More recently I cashed out some investments not long after 2009. It wasn’t as lucrative as one would hope but I still made money.
I think the bottom line is you have to financially plan.
Invest in some whiskey, for when doomsday comes nothing will save your a$$, and welcoming it with a good drink will be your only choice. 
Invest in some whiskey, for when doomsday comes nothing will save your a$$, and welcoming it with a good drink will be your only choice.
Savings accounts actually earned around 4% if that’s believable.
My first job out of college in 2007 was at ING Direct (online bank that eventually was acquired by Capital One) in St. Cloud, and 4.5% was the savings account rate at that time. Guessing we see that again here sooner than later.
I am nearing retirement and reviewed my investments and while taking some losses not to bad. I only have to live less than I hoped by several years for the numbers to work out. 
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