The Market Is Crumbling

[d2bets]

should have sold...even at market prices...no need to stay in unless you are really long. If so...load up on the ones at discount.

Easy to say now. Anyway, I basically buy and hold, selling a couple losers each year for the 3k tax loss.

[itchypickle]

Easy to say now. Anyway, I basically buy and hold, selling a couple losers each year for the 3k tax loss.

If you just keep a chart up all day in the background with RSI and a couple other metrics on it....candles over a 30 min period clearly showed it happening in time yesterday....but if you're a holder for the 9+month period you'll be fine just reloading on the positions....fundamentals didn't change...so just watch the next quarter and play it that way. Good luck

[Brock Landers]

lots of people who are retired are just gambling by being in markets instead of bonds, should we have sympathy for them?

[itchypickle]

lots of people who are retired are just gambling by being in markets instead of bonds, should we have sympathy for them?

If you are currently retired or within 5-7 years of....and still heavy in stocks and not fixed income investments or others.....you need to beat your manager over the head with your cane. So no...no sympathy for not being more risk averse in the later stages of planning.

[jjgold]

Wild day
Huge swings

[JR007]

Listen to these ass-clowns on the news...stay in.....average 401k lost 12,000 yesterday.....how do you say that to someone who is 60 years old ??????

[itchypickle]

Listen to these ass-clowns on the news...stay in.....average 401k lost 12,000 yesterday.....how do you say that to someone who is 60 years old ??????

Unrealized losses....meaning it's still in and on the way back when they'll use it....other allocations in the accounts should have offset it if done correctly. If a 60 year old is using it....more than likely they are taking dividends/other income from more than stocks. Not saying yesterday didn't suck....just that it won't make a retiree skip a power bill next month.

[Mammon]

Nice time to add money in

[JR007]

unrealized losses....meaning it's still in and on the way back when they'll use it....other allocations in the accounts should have offset it if done correctly. If a 60 year old is using it....more than likely they are taking dividends/other income from more than stocks. Not saying yesterday didn't suck....just that it won't make a retiree skip a power bill next month.

thanks...the market when it came back only came back to pre 2008 levels, so in essence people only got back what they lost, 3 years of gains went by the boards...so that 3 years is essentially lost ( DEPENDING ON THE PORTFOLIO ) JUST A LAYMAN'S PERSPECTIVE

[pavyracer]

Getting hammered

Well it went up 100% and doubled its value since you posted this. My 401k is in 7 digits now. I may have to retire sooner.

[jjgold]

fuk

tremendous rally ..what balls if you bought after Brexit

[pavyracer]

fuk

tremendous rally ..what balls if you bought after Brexit

You should be a long term investor. You posted this thread in 2011.

[jjgold]

Paver I posted same one after Brexit too and market did well