Dow Plummets
-
500 point drop in 1987 = 22%.
500 point drop in 2017 = 2%.
Focus on the percentage, not the points.
Absolutely. If you have cash saved aside to invest, now is the time to find really fine bargains in excellent companies whose bottom lines will remain very strong. I was lucky to get out of a few at the beginning of Jan. to raise cash for my 2018 required minimum distribution from a stock based IRA. I dropped several that I felt had played out and kept several that will resist any further downswings in the long run. The market was overdue for a strong correction. That is just normal.
Absolutely. If you have cash saved aside to invest, now is the time to find really fine bargains in excellent companies whose bottom lines will remain very strong. I was lucky to get out of a few at the beginning of Jan. to raise cash for my 2018 required minimum distribution from a stock based IRA. I dropped several that I felt had played out and kept several that will resist any further downswings in the long run. The market was overdue for a strong correction. That is just normal.
Exactly. The first rule in the Buy Low sell High recommendation is to buy low. I just checked and I noticed a bite out of my bottom line. I'm assuming the managers of the dozen or so funds are busy as we speak
WSS
-
Absolutely. If you have cash saved aside to invest, now is the time to find really fine bargains in excellent companies whose bottom lines will remain very strong. I was lucky to get out of a few at the beginning of Jan. to raise cash for my 2018 required minimum distribution from a stock based IRA. I dropped several that I felt had played out and kept several that will resist any further downswings in the long run. The market was overdue for a strong correction. That is just normal.
Exactly. The first rule in the Buy Low sell High recommendation is to buy low. I just checked and I noticed a bite out of my bottom line. I'm assuming the managers of the dozen or so funds are busy as we speak
WSS
Exactly. The first rule in the Buy Low sell High recommendation is to buy low. I just checked and I noticed a bite out of my bottom line. I'm assuming the managers of the dozen or so funds are busy as we speak
WSS
I got a personal note from my stockbroker saying not to panic because we had done all our homework and were well spread out with quality stocks for the long run, balanced well with other more stable things that provide dividends with low volatility in price. Everything in those funds is set for automatic reinvestment of dividends with no stockbroker fees involved, so the dividends are buying at lower prices. I have a separate IRA with a major chunk of "doomsday" Swiss Gold ETF when Trump finally twists off and nukes his buddy.LOL!
EDIT: When i was cashing out my required minimum distribution last month instead of waiting until Dec. like I could have, I told him then I wanted cash delivered now because I felt that after a strong 2017 and a strong start again in 2018, I felt (cal will love that one
) the market was far overdue for a major correction. I wanted to cash out as required before the correction I saw coming. Now I really did not expect it this soon, but here it is.
-
Yes I talked to my guy a couple of weeks ago and we agreed that there was a correction coming. That's why I made the joke with him about switching everything over the day before. Mandatory distribution sounds like annuities.Β
I'm not even concerned yet just because points and percent are different as was pointed out.
If worse comes to worse I have a big jar of change laying around here somewhere.Β
WSS
-
Yes I talked to my guy a couple of weeks ago and we agreed that there was a correction coming. That's why I made the joke with him about switching everything over the day before. Mandatory distribution sounds like annuities.Β
I'm not even concerned yet just because points and percent are different as was pointed out.
If worse comes to worse I have a big jar of change laying around here somewhere.Β
WSS
Yes I talked to my guy a couple of weeks ago and we agreed that there was a correction coming. That's why I made the joke with him about switching everything over the day before. Mandatory distribution sounds like annuities.Β
I'm not even concerned yet just because points and percent are different as was pointed out.
If worse comes to worse I have a big jar of change laying around here somewhere.Β
WSS
Mandatory from IRAs start the year you turn 70 1/2. I would rather have left it alone, but it was an opportunity this year to at least take some before the correction. Had to take some last year too using that same weed out the top-enders process.
Here's a little assessment I found on the internet this morning which I think is accurate:
Mark Bern from seekinglpha.com:
"Conclusion
We believe that the case for continuing this bull market advance is stronger than that for an immediate bear market. We could get a correction of more than 10% but we could also get a pull back of less magnitude. The market needs to take a breath and rest so it can build a foundation from which to launch another leg higher. So, we still believe that the bull market will remain intact but that the current selling could provide some unique opportunities to find a few select, quality companies at reasonable valuations."
-
Ahhhhh I didn't realize you were that old.
WSS
-
Ahhhhh I didn't realize you were that old.
WSS
Ahhhhh I didn't realize you were that old.
WSS
He's not old, he's ancient
-
http://abcnews.go.com/Business/dow-drops-1500-points/story?id=52854673
Begin the spin.
emotional knee jerkie. of course there are corrections. geez.
-
And up almost 570 today! MAGA!
-
anybody think bacon will start a thread on how it went back up again today? lol
-
anybody think bacon will start a thread on how it went back up again today? lol
Finally Obama's policies have kicked back in.
WSS
-
LOL
-
-
-
Ahhhhh I didn't realize you were that old.
WSS
He's not old, he's ancient
He's not old, he's ancient
Teddy told me I looked pretty good back in the day. No not Kennedy........................................................Roosevelt.
-
So did el' Presidente shoot himself out of a canon yet or.......?
-
So did el' Presidente shoot himself out of a canon yet or.......?
Tia, looks like you got sucked in by the fake news.
https://www.snopes.com/did-trump-tweet-president-dow-joans/
WSS
-
So did el' Presidente shoot himself out of a canon yet or.......?
Tia, looks like you got sucked in by the fake news.
https://www.snopes.com/did-trump-tweet-president-dow-joans/
WSS
Tia, looks like you got sucked in by the fake news.
https://www.snopes.com/did-trump-tweet-president-dow-joans/
WSS
Yep... I know that.Β Β Just lightening the mood.Β
-
-
-
Boom, boom boom.....
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better π
Register Login