Author Topic: Stock market  (Read 176 times)

upacreek

Stock market
« on: February 05, 2018, 03:35:58 PM »
Anyone else get nervous when the stock market takes a dive like the last couple days?  A financial adviser I know has been telling me for the last couple of years that we're due for a serious correction , but it still gets my blood pumping a bit faster. 

When would you start getting nervous?

Starlady

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Re: Stock market
« Reply #1 on: February 05, 2018, 04:01:20 PM »
At my age, I'd take my profits and run.

At your age, I'd take 1/2 my profits and run then ride the rest out for another 10-15 yrs or so.

Unless you think SHTF happens before then.......then take the money,  run AND hide!
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Country Singer

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Re: Stock market
« Reply #2 on: February 05, 2018, 06:35:46 PM »
Technically, today wasn't even a "correction" because the loss was only about 5%.  It's not considered a correction until the loss is at 10%.
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upacreek

Re: Stock market
« Reply #3 on: February 05, 2018, 06:51:35 PM »
That's what the financial planner said too, Country Singer.  The big correction he was talking about would be bigger than 10% too.

bountyhunter

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Re: Stock market
« Reply #4 on: February 05, 2018, 07:11:12 PM »
Since I am not as independently as some on here, I don't play in the markets. Never had.......just sayin
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engineer3d

Re: Stock market
« Reply #5 on: February 05, 2018, 07:46:59 PM »
The Dow Jones was 19,732 on 1/20/17 when President DJT was sworn in.
It rose to 26,616 on 1/26/18.
It is still at 24,345 or over 4,600 points above the inauguration value.

upacreek,
The DJIA will probably go down more as the big institutional investors sell stocks and buy bonds. Bonds don't pay as much, but they are safer and their yields are rising. Your investment firm has probably already switched more of your investment into bonds.
« Last Edit: February 05, 2018, 08:09:52 PM by engineer3d »

Nemo

Re: Stock market
« Reply #6 on: February 08, 2018, 01:52:52 PM »
Only real thing to do with the market is to put your money with one of the big institutional guys (hunt for cheapest costs) and look at it when you start.  Look again in 5 years.  And 5 more.

Or buy gold and put in by the second post from the left in the back fence.

Nemo
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joebob

Re: Stock market
« Reply #7 on: February 08, 2018, 02:16:05 PM »
Only real thing to do with the market is to put your money with one of the big institutional guys (hunt for cheapest costs) and look at it when you start.  Look again in 5 years.  And 5 more.

Or buy gold and put in by the second post from the left in the back fence.

Nemo
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Re: Stock market
« Reply #8 on: February 08, 2018, 02:18:16 PM »
Thats where they all go.

Nemo
If you need a second magazine, its time to call in air support.

Came into this world screaming, kicking and covered in someone else's blood.  Don't mind going out that way.

God made Man, Colt made him equal, Browning made that perfection, Gaston Glock turned perfection to plastic fantastic junk