Heads up...stock market to plunge Monday AM

[jjgold]

Impossible to predict if a market is going up or down every day absolutely impossible

[KVB]

Impossible to predict if a market is going up or down every day absolutely impossible

There's no need to be that exact with market timing.

That said, we are looking at some consolidation here, possibly.

I like this volatility and we could see it turn to consolidation around these levels.

These are good values right now.

[pavyracer]

You will have to see the bottom 2 more times before it goes up for good.

[khicks26]

Seriously this makes no sense. Either you have some very speculative investments in your 401k or you are investing in mutual funds with obscene expense ratios or very speculative stocks. If one had dumped every dollar they have at the height of the DOW in MAy of 2008 when the DOW was slightly above 13,000 .... they would have been even again by MArch 2012.....less than 4 years.

Look.....I am almost 60 years old and I will tell you that for most middle class workers, investing in the stock market, is one of the BEST ways to accumulate a moderate degree of wealth to supplement Social Security. I am now retired and started investing in my company's 401k when I was 22. They didn't even call it a 401k plan back then. It was an ESP ( Employee Savings Plan). I maxed out at 16% every year. 6% match plus 10% supplemental. Not to brag, but today my 401 k is in the multiple 7 figures. My main issue going forward is to limit taxes in retirement by doing ROTH conversions before I reach 70 1/2 when RMD's take effect.

The key is to start early! As soon as you start working or graduate college. Invest in your companies 401k at least up to the match. This is FREE money.

Some key advice;

1) Start early! In your 20's. MAx out your companies 401k. Outside of this open up a ROTH IRA if you meet the income limits. Outside
of this open up a taxable brokerage account.

2) Don't mess with individual stocks. Don't get caught up in the FANG craze or TESLA or AMAZON or the next hottest Biotech
stock. Stick with Index Mutual Funds or ETF's. You want to take overall market risk. NOT market risk AND individual
company risk. Domestic equities with some Int'l. to include emerging mkts and a total bond fund are all you need.

3) Set an AA ( Asset Allocation: Equities/Fixed Income) appropriate for your AGE and RISK TOLERANCE. The younger you
are; the more you should be in equities because you have decades to recovers downturns in the market.

4) Rebalance your allocation....ESPECIALLY as you near retirement. If you have set a 50/50 AA and the market has done well,
and you now find yourself at 60/40.......shift equities into fixed income to bring you back to 50/50. What you have done
is locked in those profits. Don't just "let it ride." Do this within an IRA. This way you are doing an exchange within the IRA
and there are NO immediate tax consequences. If it is not possible to rebalance within your IRA, then try to TLH ( TAx Loss
Harvest) within your taxable brokerage account. Sell winners and offset gains with some losers. This way you rebalance
and limit taxes at the same time.

5) Watch expenses! For me PAssive low cost index funds have been very very good to me. It is not just what you make but what
you keep. Avoid front end loaded mutual funds. Avoid funds whose expense ratio is greater than 25 basis points (0.25%). The expense ratio on a fund is the vig. Keep it low!
Over 40 years of investing, expenses will seriously erode your profits. The active managers, over the long haul, cannot beat
the index funds.

6) Finally, tune out the noise. Keep investing. Remember....you are in this for the LONG TERM! When I started working at the tender age 0f 22......the year was 1981. The DOW was
hovering around 1,000. Today, even with the recent pullback, it is just below 23,000. An increase by a factor of 23 over the
past 37 years. I am happy with that.

In MArch of 2009 with the DOW at 6500, Warren Buffet was interviewed on his take on the markets. His response?
" This is an amazing buying opportunity if you have some dry powder. For 240 years some people have been betting
against America. And for 240 years it has been a bad bet." Smart man.

Good luck to all especially you young guys.

Nice post, great info. I can agree with most of it.

But lets just say that everyone's situation & circumstances differ. More than likely you are not the Avg. 401K investor. To say that what works for you & that everyone has the time & know how to do what you did. Is looney tunes. Nothing personal.

When I started it was called profit sharing, & I have always maxed out to get the best match. But sometimes life deals you some bad cards. There is luck involved. Like when the house you live in was built on a swamp with land fill from the expressway. Parts of your house are sinking, the brick is separating & basement walls have a chance of caving in. The only fix is to drive metal supports down to shale rock in some spots 60 feet below the surface. Then attach them to your house. Not the cheapest fix in the world. Not to mention the cost of water proofing a basement. I think you get the idea.

When I say I'm behind from where I should be. I mean that if 08 never happened I would be retired like you at this point. So please don't tell me I broke even. Could retire now, but its tough to live on Ramin Noodles.

Lets not forget either how the next crash will effect our retirement also. Even people like Jamie Diamond are saying its a matter of when, not if.

BOL to you.

[khicks26]

Knicks is just a compulsive lying retard
Nothing he says makes any sense
He is 100% clueless as to how the stock market works yet comes on here babbling about it like he is smart
Even when confronted with fact that disputes everything he says, he just keeps spewing nonsense

Yea & your an asshole dog fuker that adds nothing to the debate. Just sits there bitch's & insults everyone.

Why don't you drop some of your great market knowledge on us & quit with the personal attacks.

My guess would be because you don't know dick, but how to be a dick.

[maggiethebestdog]

Yea & your an asshole dog fuker that adds nothing to the debate. Just sits there bitch's & insults everyone.

Why don't you drop some of your great market knowledge on us & quit with the personal attacks.

My guess would be because you don't know dick, but how to be a dick.

Lol
I only bring facts to the debate
You bring lies and falsehoods

[vitterd]

Yea & your an asshole dog fuker that adds nothing to the debate. Just sits there bitch's & insults everyone.

Why don't you drop some of your great market knowledge on us & quit with the personal attacks.

My guess would be because you don't know dick, but how to be a dick.

Maggie is useless. He should change his name to ScrollBy....that’s what everyone does when they see his posts.

[RoyBacon]

Seriously this makes no sense. Either you have some very speculative investments in your 401k or you are investing in mutual funds with obscene expense ratios or very speculative stocks. If one had dumped every dollar they have at the height of the DOW in MAy of 2008 when the DOW was slightly above 13,000 .... they would have been even again by MArch 2012.....less than 4 years.

Look.....I am almost 60 years old and I will tell you that for most middle class workers, investing in the stock market, is one of the BEST ways to accumulate a moderate degree of wealth to supplement Social Security. I am now retired and started investing in my company's 401k when I was 22. They didn't even call it a 401k plan back then. It was an ESP ( Employee Savings Plan). I maxed out at 16% every year. 6% match plus 10% supplemental. Not to brag, but today my 401 k is in the multiple 7 figures. My main issue going forward is to limit taxes in retirement by doing ROTH conversions before I reach 70 1/2 when RMD's take effect.

The key is to start early! As soon as you start working or graduate college. Invest in your companies 401k at least up to the match. This is FREE money.

Some key advice;

1) Start early! In your 20's. MAx out your companies 401k. Outside of this open up a ROTH IRA if you meet the income limits. Outside
of this open up a taxable brokerage account.

2) Don't mess with individual stocks. Don't get caught up in the FANG craze or TESLA or AMAZON or the next hottest Biotech
stock. Stick with Index Mutual Funds or ETF's. You want to take overall market risk. NOT market risk AND individual
company risk. Domestic equities with some Int'l. to include emerging mkts and a total bond fund are all you need.

3) Set an AA ( Asset Allocation: Equities/Fixed Income) appropriate for your AGE and RISK TOLERANCE. The younger you
are; the more you should be in equities because you have decades to recovers downturns in the market.

4) Rebalance your allocation....ESPECIALLY as you near retirement. If you have set a 50/50 AA and the market has done well,
and you now find yourself at 60/40.......shift equities into fixed income to bring you back to 50/50. What you have done
is locked in those profits. Don't just "let it ride." Do this within an IRA. This way you are doing an exchange within the IRA
and there are NO immediate tax consequences. If it is not possible to rebalance within your IRA, then try to TLH ( TAx Loss
Harvest) within your taxable brokerage account. Sell winners and offset gains with some losers. This way you rebalance
and limit taxes at the same time.

5) Watch expenses! For me PAssive low cost index funds have been very very good to me. It is not just what you make but what
you keep. Avoid front end loaded mutual funds. Avoid funds whose expense ratio is greater than 25 basis points (0.25%). The expense ratio on a fund is the vig. Keep it low!
Over 40 years of investing, expenses will seriously erode your profits. The active managers, over the long haul, cannot beat
the index funds.

6) Finally, tune out the noise. Keep investing. Remember....you are in this for the LONG TERM! When I started working at the tender age 0f 22......the year was 1981. The DOW was
hovering around 1,000. Today, even with the recent pullback, it is just below 23,000. An increase by a factor of 23 over the
past 37 years. I am happy with that.

In MArch of 2009 with the DOW at 6500, Warren Buffet was interviewed on his take on the markets. His response?
" This is an amazing buying opportunity if you have some dry powder. For 240 years some people have been betting
against America. And for 240 years it has been a bad bet." Smart man.

Good luck to all especially you young guys.

Excellent read.

hicks is right there is a ton of luck involved with life in general. Thats why we have SS, in case you get to the end of the road and you have nothing.

Sadly, we don't educate kids properly on the importance of proper retirement planning. Every high school kid should set up an IRA and put $20 in it.

[khicks26]

Lol
I only bring facts to the debate
You bring lies and falsehoods

OK were are they big mouth?

[khicks26]

Maggie is useless. He should change his name to ScrollBy....that’s what everyone does when they see his posts.

Never thought I would see someone who wanted to be just like Brooks. Guys a fuking joke.

[khicks26]

Excellent read.

hicks is right there is a ton of luck involved with life in general. Thats why we have SS, in case you get to the end of the road and you have nothing.

Sadly, we don't educate kids properly on the importance of proper retirement planning. Every high school kid should set up an IRA and put $20 in it.

Have to agree with you Roy. High School does a poor job of telling & teaching kids about the real world.

[maggiethebestdog]

OK were are they big mouth?

I will respond in English
The stock market has helped the overwhelming majority of Americans with their retirements that are tied to it through 401k and pension accounts
Most would not be able to retire without it
You have been saying it is a crap shoot and most people don't see a benefit from it which is complete nonsense
Several people have pointed out the facts to you, yet you keep spewing your false narrative
It couldn't be any clearer to a non retarded person

[khicks26]

I will respond in English
The stock market has helped the overwhelming majority of Americans with their retirements that are tied to it through 401k and pension accounts
Most would not be able to retire without it
You have been saying it is a crap shoot and most people don't see a benefit from it which is complete nonsense
Several people have pointed out the facts to you, yet you keep spewing your false narrative
It couldn't be any clearer to a non retarded person

Its also hurt a lot of people. How many old people you see working at Wal-mart & Burger King? how many pension funds were ruined? Wall St being a place for rich guys to gamble is fact.

If you want to paint some cupcakes & puppy dog world. Your the retard with the false narrative. Go back to your world & fuk yourself. I live in the real world.

[maggiethebestdog]

Its also hurt a lot of people. How many old people you see working at Wal-mart & Burger King? how many pension funds were ruined? Wall St being a place for rich guys to gamble is fact.

If you want to paint some cupcakes & puppy dog world. Your the retard with the false narrative. Go back to your world & fuk yourself. I live in the real world.

I'll respond in English again
You are 100% factually incorrect, as usual

[vitterd]

I'll respond in English again
You are 100% factually incorrect, as usual

I do not even think Maggie ever liked you.

[RoyBacon]

Its also hurt a lot of people. How many old people you see working at Wal-mart & Burger King? how many pension funds were ruined? Wall St being a place for rich guys to gamble is fact.

If you want to paint some cupcakes & puppy dog world. Your the retard with the false narrative. Go back to your world & fuk yourself. I live in the real world.

No one forces fuggers to gamble instead of invest.

Folks do have to take personal responsibility for their life. If you gambled in the market and lost then yea, get your azz to burger king and wear your hearing aide. I hate repeating orders.

Folks need to read and do some research. If they can't or would rather gamble away their savings, gawd bless em and Walmart always looking for good people.

[khicks26]

I'll respond in English again
You are 100% factually incorrect, as usual

OK so replying with no facts makes you 100% correct? Fuk off you stupid troll. Fuking rich man shill trying to lie to everyone. Eat shit & die.

[khicks26]

No one forces fuggers to gamble instead of invest.

Folks do have to take personal responsibility for their life. If you gambled in the market and lost then yea, get your azz to burger king and wear your hearing aide. I hate repeating orders.

Folks need to read and do some research. If they can't or would rather gamble away their savings, gawd bless em and Walmart always looking for good people.

That's just plain cold man.

[maggiethebestdog]

OK so replying with no facts makes you 100% correct? Fuk off you stupid troll. Fuking rich man shill trying to lie to everyone. Eat shit & die.

Lol
Anyone that is non retarded reading this knows everything I have posted is factual and everything you have posted is false
That is not even debatable

I have said throughout the thread that 2+2=4 and you have tried to argue it with falsehoods every time
Once again, nothing new from you

[RoyBacon]

That's just plain cold man.

You even agree.

It's not that hard. By gawd there are 3 great posts in this thread that anyone could follow and be fine.

But it's a bit of a national disgrace we don't use our tax dollars to teach kids about retirement planning. I did not open up a retirement plan until I was in my mid 30's. Stupid me.

[khicks26]

Lol
Anyone that is non retarded reading this knows everything I have posted is factual and everything you have posted is false
That is not even debatable

I have said throughout the thread that 2+2=4 and you have tried to argue it with falsehoods every time
Once again, nothing new from you

Maybe stop using lines that Brooks & Dwight repeat constantly. Then people won't think your a stupid, troll, loser ghost.

Fuking hate having to tell you how to do your job. You owe me & Vit half your paycheck. Now go eat a dick dumbass.

[khicks26]

You even agree.

It's not that hard. By gawd there are 3 great posts in this thread that anyone could follow and be fine.

But it's a bit of a national disgrace we don't use our tax dollars to teach kids about retirement planning. I did not open up a retirement plan until I was in my mid 30's. Stupid me.

No I don't. We all can't be rich Roy. Some of us have to lose so some can be rich. Just the facts.

[maggiethebestdog]

Maybe stop using lines that Brooks & Dwight repeat constantly. Then people won't think your a stupid, troll, loser ghost.

Fuking hate having to tell you how to do your job. You owe me & Vit half your paycheck. Now go eat a dick dumbass.

Ok
I will just stop posting the facts that 100% contradict the BS nonsense you spew about every subject you babble about on here
2+2=7 and the stock market has made people poor who have their retirement accounts attached to it
I have to admit, writing blatant lies like this is quite a rush
I see how you became addicted to it

Oh wait, when the market goes up it doesn't help people's retirement accounts in the market cause they never see it

This is fun
I know why knicks does it all the time

[RoyBacon]

No I don't. We all can't be rich Roy. Some of us have to lose so some can be rich. Just the facts.

I'm a reap what ya sow guy.

You're more a reap what you sow and if you don't feel like reaping no worries, we'll take from Bacon.

Anyone can be rich. The formula is easy. But not many will make the effort to follow the formula.

But everyone can choose not to be ignorant. Open a IRA and put 5% of your check in it. Bam! Done.

[khicks26]

Ok
I will just stop posting the facts that 100% contradict the BS nonsense you spew about every subject you babble about on here
2+2=7 and the stock market has made people poor who have their retirement accounts attached to it
I have to admit, writing blatant lies like this is quite a rush
I see how you became addicted to it

Oh wait, when the market goes up it doesn't help people's retirement accounts in the market cause they never see it

This is fun
I know why knicks does it all the time

Just stop posting loser.

[khicks26]

I'm a reap what ya sow guy.

You're more a reap what you sow and if you don't feel like reaping no worries, we'll take from Bacon.

Anyone can be rich. The formula is easy. But not many will make the effort to follow the formula.

But everyone can choose not to be ignorant. Open a IRA and put 5% of your check in it. Bam! Done.

In the big RICH picture. Roy you are a small fish & not anyone the world should worry about. So lose the Big Head.

Your whole Free Market, Neoliberal, fake libertarian BS is a lie. Just by saying the Fed is to blame for the market slow down shows you don't know dick. Playing the market & knowing what a real economy is, are not the same thing.

When it crash's on you, maybe then you will know the difference.

[grease lightnin]

I'm a reap what ya sow guy.

You're more a reap what you sow and if you don't feel like reaping no worries, we'll take from Bacon.

Anyone can be rich. The formula is easy. But not many will make the effort to follow the formula.

But everyone can choose not to be ignorant. Open a IRA and put 5% of your check in it. Bam! Done.

Yeah it’s really simple. Poor khicks just doesn’t get it. I don’t dislike the guy, sometimes I partially agree with him.

But khicks, people like you are why socialism will never work. It’s a nice idea in some ways but doomed to fail.

People like you would be perfectly content gettin govt handouts, while people like Roy, ambitious people,would gravitate toward a govt career, take more than his fair share and then change the rules so you’d never get him out. Income inequality is by far the worst in those countries.

And semi ambitious people would give up and not produce.

You act like its impossible to get ahead in this country... answer me this... how do people come here from other countries with nothing and then become affluent within 15 years?

You already know the answer. Just like I said in another thread recently. People like you are their own worst enemy. Keep focusing on what’s wrong and why you can’t overcome and you’ll never get anywhere. Your destiny is in YOUR hands. Go out there and make something of yourself.

[gauchojake]

Check out greaser with the old boot straps pep talk!! I'm pumped!!

[grease lightnin]

For the last year or two I have stayed out of these discussions for the most part. But I am sick with the stomach flu and have nothing to do.

Khicks, nothing against you pal, it’s just frustrating to see you act like you have no say in your own life. And that right there is the reason you are in this position. Free your mind, pal.

[khicks26]

Yeah its it’s really simple. Poor khicks just doesn’t get it. I don’t dislike the guy, sometimes I partially agree with him.

But khicks, people like you are why socialism will never work. It’s a nice idea in someways but doomed to fail.

People like you would be perfectly content gettin govt handouts, while people like Roy, ambitious people,would gravitate toward govt, take more than his fair share and then you’d never get him out.

And semi ambitious people would give up and not produce.

You act like its impossible to get ahead in this country... answer me this... how do people come here from other countries with nothing and then become affluent within 15 years?

You already know the answer. Just like I said in another thread recently. People like you are their own worst enemy. Keep focusing on what’s wrong and why you can’t overcome and you’ll never get anywhere. Your definition is in YOUR hands. Go out there and make something of yourself.

I'm not a socialist. I have done good for myself coming from a single mother with 4 children. I have a house 2 cars live in the burbs & put two kids though college. Spare me the lecture. Besides collecting unemployment years ago, I got no government handouts.

I look at history & focus on the big picture. Not saying you have to have the government control everything. But you have to do something about the people that are out of hand. Corporate Raiders, greed is good, & monopoly are poison to our system. I fight against killing the golden goose. Guys like Roy encourage its demise for short term gains.

You seem like a good guy who knows the excess is killing the system. The more in debt poor people you have, the more the economy which we all use for goods & services suffers.

[maggiethebestdog]

In knicks defense, it is harder for an illiterate, uneducated compulsive liar to get ahead in this country
Look at how fukkin stupid he is
Somebody who read his posts and didn't know better would think it was a practical joke

[grease lightnin]

I'm not a socialist. I have done good for myself coming from a single mother with 4 children. I have a house 2 cars live in the burbs & put two kids though college. Spare me the lecture. Besides collecting unemployment years ago, I got no government handouts.

I look at history & focus on the big picture. Not saying you have to have the government control everything. But you have to do something about the people that are out of hand. Corporate Raiders, greed is good, & monopoly are poison to our system. I fight against killing the golden goose. Guys like Roy encourage its demise for short term gains.

You seem like a good guy who knows the excess is killing the system. The more in debt poor people you have, the more the economy which we all use for goods & services suffers.

Nothing is perfect. Here is what William F Buckley had to say about it, and this quote is where I derived the idea in the third paragraph of my post that you quoted.

Mr. Buckley paused a moment, then quoted an adage someone had told him that he felt summed up the problem: “The trouble with socialism is socialism; the trouble with capitalism is capitalists.”



PS- I also had a single mom who had me at 17 and her parents were both dead by the time she was 22. I didn’t graduate high school or college, but I have done pretty well.

[maggiethebestdog]

I'm not a socialist. I have done good for myself coming from a single mother with 4 children. I have a house 2 cars live in the burbs & put two kids though college. Spare me the lecture. Besides collecting unemployment years ago, I got no government handouts.

I look at history & focus on the big picture. Not saying you have to have the government control everything. But you have to do something about the people that are out of hand. Corporate Raiders, greed is good, & monopoly are poison to our system. I fight against killing the golden goose. Guys like Roy encourage its demise for short term gains.

You seem like a good guy who knows the excess is killing the system. The more in debt poor people you have, the more the economy which we all use for goods & services suffers.

Lol
What a loser
I was born a poor black child and my Mom had 200 kids and now I have a house and kids......
Blah blah blah
Keep making shit up

[khicks26]

For the last year or two I have stayed out of these discussions for the most part. But I am sick with the stomach flu and have nothing to do.

Khicks, nothing against you pal, it’s just frustrating to see you act like you have no say in your own life. And that right there is the reason you are in this position. Free your mind, pal.

Yeah I miss you fighting with Brooks. Those were classic. LOL

No offense taken, I know who you are. Your no Roy Bacon for penetrate sake. Maybe your just reading me wrong, not the best at putting shit in print.

[Venom72]

Lol
What a loser

Shut up dog fukker