401 K took a beating!

Sam_Julier

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This month almost all our holdings will issue dividends that will reinvest in our accounts. The dividends will buy shares at a much lower cost than a month ago. And after dividends are payed retained earnings are plowed back into the businesses, making them stronger yet going forward. I get giddy just thinking about it.
 
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CT8

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I had the value mine drop about $100,000.00 The stock market is a place where people put their extra money hoping the casino will pay out.
 
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Originally Posted by Sam_Julier
This month almost all our holdings will issue dividends that will reinvest in our accounts. The dividends will buy shares at a much lower cost than a month ago. And after dividends are payed retained earnings are plowed back into the businesses, making them stronger yet going forward. I get giddy just thinking about it.
After the recession I plan to load up on dividend stocks and high yield ETFs.
 

Sam_Julier

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Originally Posted by Mr Nice
Originally Posted by Sam_Julier
This month almost all our holdings will issue dividends that will reinvest in our accounts. The dividends will buy shares at a much lower cost than a month ago. And after dividends are payed retained earnings are plowed back into the businesses, making them stronger yet going forward. I get giddy just thinking about it.
After the recession I plan to load up on dividend stocks and high yield ETFs.
Why not now? Perhaps a little each week over the next year. Dollar cost averaging is a wonderful way to avoid trying to call the bottom of a market.
 
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Originally Posted by CT8
Not everyone will become violently ill.
15 to 20% of those infected will. Times millions. The sort of stuff that makes the experts wake up in the middle of the night in a panic nightmare. Usually just a nightmare scenario, but its actually occurring right before our eyes.
 
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Originally Posted by Sam_Julier
Originally Posted by Mr Nice
Originally Posted by Sam_Julier
This month almost all our holdings will issue dividends that will reinvest in our accounts. The dividends will buy shares at a much lower cost than a month ago. And after dividends are payed retained earnings are plowed back into the businesses, making them stronger yet going forward. I get giddy just thinking about it.
After the recession I plan to load up on dividend stocks and high yield ETFs.
Why not now? Perhaps a little each week over the next year. Dollar cost averaging is a wonderful way to avoid trying to call the bottom of a market.
I think an implosion will happen by next year and just hunkering down.
 
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I'm close to where I was at the beginning of the year. But the portfolio lost about 10% in the last couple of weeks. But it was a good opportunity to buy health related stocks
 
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Wash you hands. For 20 seconds or more. Several times a day. Use elbow bump in place of hand shake. Learn to not touch your face. Opps I just touched my nose... Slight allergies, ya know. Don't panic. Looking at portfolios in the short term is short term thinking. The last long thread was people bragging about their 20% YOY growth. 2 to 3 weeks ago maybe? I look at 5 year plans, at a minimum. Wash you hands and don't panic. Heck, I haven't bought any more toilet paper; not sure why peiple are doing so.
 
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Al

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Originally Posted by bubbatime
I agree 1000%. I posted something similar somewhere else and I believe I was laughed out of there. Anyone 110 years old around that remembers exactly how bad a pandemic flu can be that kills many millions of people? People have their head in the sand and don't understand exactly how bad it's about to get. There is no recovery in sight. And no bottom in sight. If your financial adviser says that he expects it to hit bottom in a few weeks, fire him. This is a two year plus event of daily worsening news with no optimism in sight.
Not one person on this planet has any clu on where the market will be at in 6 months. In SK the death rate from corona is .6% They have tested 140K people but none doubts there are 10's or hundreds of thousands that have not be tested and they either had no symptoms of a mold or severe cold and did not get treated. .6% is high.
Originally Posted by bubbatime
Originally Posted by CT8
Not everyone will become violently ill.
15 to 20% of those infected will. Times millions. The sort of stuff that makes the experts wake up in the middle of the night in a panic nightmare. Usually just a nightmare scenario, but its actually occurring right before our eyes.
Again..no one knows how many are/were infected. You will see that in the weeks to come.
 
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Originally Posted by nickaluch
My daughter working for Morgan Stanley in NYC. Her teams client's are the 1 percent. They are buying.
I am too in way or better said re-arranging. I do have one super performer that I have heavly invested in March 2019 and holding up quite well, that doesnt mean it will next week but I will buy dips (maybe) There was a big dip about a week ago, darn stock recovered but, there is always another time. I felt this market was going to change one way or another in the next less then two years and got a little conservative and put a significant investment into Walmart (WMT), meaning almost all my portfolio. Im still up a little 20% from March of 2019 but that doesnt mean I will be when the market opens Monday morning. Im no hero, but I am glad I did what I did March of 2019. Sadly I recently put a small amount into a high dividend bank stock and its getting trashed. That is the one I may move this week, possibly go all in Walmart. I have no clue. No one can time the market and I certainly made mistakes, good lord *L* But Im kind of hung up on Walmarts future, I think its a positive one, if I am wrong I can afford the loss which is key when investing. As far as Morgan Stanley. It means nothing what they are doing and who is the 1%. Morgan Stanley almost went belly up in 2008. No matter what I say or anyone says, it would be foolish to think this market isnt going to fall much, much further, at the same time, no one can predict if it will stabilize or go up. Its all about earnings and what the predictions will end up, now that mass media and politicians have the world in panic over a stupid virus/flu. Its amazing how people can be corralled and convinced into fear for no reason. Just keep pumping out the 24 hour news sitcom/fomat util the next big headline comes out and people will listen and fear. There is no way to know, how the publics fear will play out, I am thinking, sooner or later, they will tire of the 24 hour news story, once they stop listening, they will realize the world is still here and life goes on, until then, its a matter of how much time the public needs to figure out, this is all just a news story and? Life goes on.
 
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alarmguy, You think this bull run from 2009 will keep on going for how much longer ? shrug Like I said before.... I was selling Oct - Jan cause I think it's coming to an end later this year. CV might just speed things up quicker and the inevitable will happen.
 

ZeeOSix

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Originally Posted by alarmguy
No matter what I say or anyone says, it would be foolish to think this market isnt going to fall much, much further, at the same time, no one can predict if it will stabilize or go up. Its all about earnings and what the predictions will end up, now that mass media and politicians have the world in panic over a stupid virus/flu. Its amazing how people can be corralled and convinced into fear for no reason. Just keep pumping out the 24 hour news sitcom/fomat util the next big headline comes out and people will listen and fear. There is no way to know, how the publics fear will play out, I am thinking, sooner or later, they will tire of the 24 hour news story, once they stop listening, they will realize the world is still here and life goes on, until then, its a matter of how much time the public needs to figure out, this is all just a news story and? Life goes on.
Depends how the whole Coronavirus thing unfolds. If it gets so bad that people stop doing activities where people congragate together (which is just about everything), then businesses will be losing massive amounts of revenue. That's the main thing that keeps the economy alive and growing. It's already being felt by some businesses, and it could get a lot worse before it gets better.
 
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Depends on how we react to the Coronavirus. Panic is bad as is indifference. Both make things worse, including the market. Follow the science. Hopefully our leaders will follow the science as well. My interests and career are based on science. When I follow the science things seem to work better. Wash your hands.
 
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Originally Posted by Phishin
I have $274k in my 401k. At the end of January (January 24th), I pulled everything out of mutual funds and moved it into CASH. I did all of this based on technical analysis and a hunch I thought a correction was coming based on trends. The virus may have triggered the correction to happen, but it was "due". I think I'll let it slide down to another 10-15% (that's my prediction) and then jump back in with both feet.
If the S&P hits 2500....I'm jumping back in!! I don't think we're going to drop too much further.
 
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Originally Posted by Phishin
Originally Posted by Phishin
I have $274k in my 401k. At the end of January (January 24th), I pulled everything out of mutual funds and moved it into CASH. I did all of this based on technical analysis and a hunch I thought a correction was coming based on trends. The virus may have triggered the correction to happen, but it was "due". I think I'll let it slide down to another 10-15% (that's my prediction) and then jump back in with both feet.
If the S&P hits 2500....I'm jumping back in!! I don't think we're going to drop too much further.
I would watch this oil price war. It has more consequences than COVID-19.
 
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Originally Posted by Phishin
Originally Posted by Phishin
I have $274k in my 401k. At the end of January (January 24th), I pulled everything out of mutual funds and moved it into CASH. I did all of this based on technical analysis and a hunch I thought a correction was coming based on trends. The virus may have triggered the correction to happen, but it was "due". I think I'll let it slide down to another 10-15% (that's my prediction) and then jump back in with both feet.
If the S&P hits 2500....I'm jumping back in!! I don't think we're going to drop too much further.
Smart move on Jan 24th. My wife, feeling uneasy pulled out of her 401k funds and moved to safer ground 1 week before the correction started. She had a bad feeling about delays in orders from China. I was doing great and still am with (WMT) but one smaller move a couple weeks ago killed me (WFC) I didnt buy a lot, thank god but it bothers me because I didnt really mean to buy it *L* (long story), thinking about bailing out today and buying more WMT
 
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Originally Posted by Mr Nice
alarmguy, You think this bull run from 2009 will keep on going for how much longer ? shrug Like I said before.... I was selling Oct - Jan cause I think it's coming to an end later this year. CV might just speed things up quicker and the inevitable will happen.
I have no idea, absolutely none and I am willing to bet, no one does, not even the giants in the industry. Dont forget those big companies almost brought down the worlds financial system in 2008, Some will get lucky and some will lose, because they cant gauge the public reaction. These are my following impressions only. Too many unknowns, mass media hysteria and we really do not know if this virus will turn into a massive problem, no one knows but most important, its the publics perception which right now looks off the wall because of the insane amount of coverage the media is giving it. I learned a long time ago not to fight the market, I still tend to though but this time, I just dont know, how are we going to know if Joe public is going to stop buying stuff because of this virus. I think we are walking a tight rope, with the coverage its getting, if this virus even gets as prevalent as the Flu, even if its no worse then the flu, the media coverage will have people in panic as of right now it is a nothing and stores across the country are wiped out of certain goods, my god! *L*. I personally feel the whole darn thing is so overblown that it is insane, to me, right now, Im taking a chance with (symbol) WMT, Im not putting my life assets into it but Im up 20% from the markets open and feel strongly about where this company is going long term but even with that, who knows if plans will go right with any company? ALl I know, the market has had a huge run and I am not investing an insane amount that I can not afford to lose but enough to really sting me, maybe more mentally! I dont know*L* I am not in anyway promoting WMT heck for all I know it can fall 20% when the market opens in a couple hours from now.
 
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Since the thread OP is about 401K's, for those of us with diversified portfolios, doesn't the old recommendations still apply: Stay in it for the long run. Don't panic. In effect, during the lows you are accumulating more stocks at lower prices. It will curve back up and so will your earnings.
 
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