Stock market!!!!

[ARCOgraphite]

all 401K

I was at mid/ heavy 30% MId and Large cap, but now 15% as of today. It was a move to bond funds which are not not as reactive.

This thing looks like a bottomless pit. So I did a "Half - Sale" .

I also Pulled the wife back today; she is still working and at 38% Stocks (And 62 years old with 40 years employed)

So she should be at about 27% by market close. Here a move to bond funds also. ~Metwest tot rtn bd p, Pru Guaranteed INC/

I can move these chips in a day; I'm watching to make sure its not a dead cat bounce.

- Ken

 

[sohccammer427]

Originally Posted by Leo99


I sold 200 shares of Boeing at around $320 a week or so ago. Holy moly it got hammered. It's down to $171 today.

Were you aware of the 737 Max issue? Boeing is still attempting to fix this jet.

Good timing! I first thought you had bought. Good move!

 

[user52165]

Originally Posted by SLO_Town
IMO, this could possibly put us in a worldwide depression. There will be no "V bounce". Stocks and the entire financial system could take DECADES to recover from this.

I hope I'm wrong.

Scott



You are wrong.

 

[LazyDog]

I see the stock market just like a casino and only allocate that portion that if I loose 1/2 or 100% will not affect my retirement.

Also remember that when [censored] hits the fan or asset classes become one and the only save heaven is cash.

 

[Lubener]

It has been worse and came back roaring. I went through 1987 and 2008. Rode them all out. Will do it again.

 

[HyundaiAbuser]

Originally Posted by sohccammer427
Originally Posted by Leo99


I sold 200 shares of Boeing at around $320 a week or so ago. Holy moly it got hammered. It's down to $171 today.

Were you aware of the 737 Max issue? Boeing is still attempting to fix this jet.

Good timing! I first thought you had bought. Good move!

737 max is supposed to be back and going in June, we're starting to get parts ready to ship for them so the production should kick off in a spectacular way when its back online.

 

[PimTac]

Originally Posted by LazyDog
I see the stock market just like a casino and only allocate that portion that if I loose 1/2 or 100% will not affect my retirement.

Also remember that when [censored] hits the fan or asset classes become one and the only save heaven is cash.

That's what you think.

 

[azjake]

Something to think about for those of us over age 70-1/2. It's only March, but if the stock market does not recover by year end, I would hope the federal govt would suspend the Required Minimum Distribution on IRA's to avoid people being forced to sell at heavy losses.

 

[oilpsi2high]

What does this have to do with automotive maintenance?

 

[RDY4WAR]

When in danger or in doubt, run in circles, scream and shout.

 

[Bryanccfshr]

I don't even follow my balance at times like these and I don't lose anything if I don't sell. but I am looking for deals to put in on.

 

[Mr Nice]

Originally Posted by Danno
Been through dot.com, sub prime crash of 2009, now the corona scare.
I stayed invested through dot.com and 2009 crash and it worked out really well for folks that stayed invested in blue chips.

The things I try to do is to not lose your nerve, stop looking at your stock portfolio for a bit and let things play out.


Lost money in the dot com bubble, I deserved 100% to get burned for chasing stocks.
Sub prime housing bubble / recession I stayed in and just dollar cost averaged.

This time I was getting antsy about 6 months ago. I figured it was a very good decade+ market run up.... it was the correct time to sell and head for the exit. The risks didn't justify an extra ___ % of possible growth at the very peak in February.

As you get older you have to keep eyes wide open to global problems. The global economy was already slowing down and CV was the black swan that speeds up the recession and the inevitable. Large banks around the globe are loaded up with toxic debt. When I watched CNBC 6 months ago all I heard from the analysts was Buy, Buy, Buy....

 

[Danh]

Originally Posted by HyundaiAbuser
Originally Posted by sohccammer427
Originally Posted by Leo99


I sold 200 shares of Boeing at around $320 a week or so ago. Holy moly it got hammered. It's down to $171 today.

Were you aware of the 737 Max issue? Boeing is still attempting to fix this jet.

Good timing! I first thought you had bought. Good move!

737 max is supposed to be back and going in June, we're starting to get parts ready to ship for them so the production should kick off in a spectacular way when its back online.


Poor Boeing. Now the question could once the Max is certified will the airlines have the resources to take delivery.

 

[LazyDog]

Yes does what I learn over the years. yes, I am retire for almost 6 years and have lost some money in this market but not enough to change my plans.

 

[Eddie]

I'm sitting and making no moves now but, toward the end of the year? I will be purchasing more stocks. Ed

 

[Leo99]

Originally Posted by sohccammer427
Originally Posted by Leo99


I sold 200 shares of Boeing at around $320 a week or so ago. Holy moly it got hammered. It's down to $171 today.

Were you aware of the 737 Max issue? Boeing is still attempting to fix this jet.

Good timing! I first thought you had bought. Good move!


I bought it a few months ago when I thought the 737 Max issue had already beaten up the stock price and there was plenty of growth in store once they put that issue behind them. Yeah, I'm glad I sold it.

 

[samven]

Like everybody else I lost some money but since I am retired I am heavy in bonds and until the govt tried to fix things bonds were offsetting my stock losses. If you have time now might be a good time to start buying but you need to figure 7-8 years before the returns are high enough to justify the risk. You might get lucky and it happens sooner but thats a gamble. I hate to say it but if you are close to retirement or in it and have allocated with that in mind just put your head in the sand, once you sell you lock in your losses.

 

[CT8]

Originally Posted by azjake
Something to think about for those of us over age 70-1/2. It's only March, but if the stock market does not recover by year end, I would hope the federal govt would suspend the Required Minimum Distribution on IRA's to avoid people being forced to sell at heavy losses.

I have IRAs and to be honest in hindsight I really don't think they are worth the hype they use to sell them..

 

[Dinoburner]

Originally Posted by CT8
Originally Posted by azjake
Something to think about for those of us over age 70-1/2. It's only March, but if the stock market does not recover by year end, I would hope the federal govt would suspend the Required Minimum Distribution on IRA's to avoid people being forced to sell at heavy losses.

I have IRAs and to be honest in hindsight I really don't think they are worth the hype they use to sell them..

Taking forced distributions has galled me years.

 

[bullwinkle]

I'm around 50/50 stocks (& everything else). About 14 months ago, a local CU was advertising a 5 year jumbo CD for 3.49%-I figured, what the heck, I would drop a good-sized chunk in one. Now that CD is pretty much the best performer I've got, the same CU is now advertising HELOCs & refinancing for less than 3.49%!