skinsmarydu Posted August 24, 2015 Share Posted August 24, 2015 Hubby & I have been watching his 401k disappear. It's coming back a little, but still. Link to comment Share on other sites More sharing options...
BRAVEONTHEWARPATH93 Posted August 24, 2015 Share Posted August 24, 2015 China is out here skruggling Link to comment Share on other sites More sharing options...
tshile Posted August 24, 2015 Share Posted August 24, 2015 stocks are going on sale, buy 'em up! I just dumped my new money for stocks like 2 weeks ago into it. My timing was a little off I suppose Link to comment Share on other sites More sharing options...
Elessar78 Posted August 24, 2015 Share Posted August 24, 2015 I just dumped my new money for stocks like 2 weeks ago into it. My timing was a little off I suppose That's a prob with market timing. Consider a dollar cost-averaging strategy. Link to comment Share on other sites More sharing options...
tshile Posted August 24, 2015 Share Posted August 24, 2015 (edited) That's a prob with market timing. Consider a dollar cost-averaging strategy. Well, it's why I don't do "marking timing." I bought a company that was plummeting because I think they're undervalued. If I wind up being wrong then I'll be OK with it (as OK as you can be with losing money ) I normally use that strategy, but this was a specific situation where I chose not to. *shrug* It is what it is. Still happy with what I bought, just would have been a better deal this week than it was two weeks ago (I don't get worked up either way about big fluctuations like this. I buy and hold because I like the company, not because I think I can sell it for more in a few weeks, I'm not able to play that game and I know it so I don't even try.) Edited August 24, 2015 by tshile Link to comment Share on other sites More sharing options...
Springfield Posted August 24, 2015 Author Share Posted August 24, 2015 Yep. My portfolio ain't looking too great. Could be worse. Wish I would have sold FIT when it hit $50. Link to comment Share on other sites More sharing options...
techboy Posted August 24, 2015 Share Posted August 24, 2015 Hubby & I have been watching his 401k disappear. 401k is for retirement, so you're probably looking at years before you need to start withdrawing. This is actually likely good, assuming it stays down while you continue investing. Warren Buffet in his 1997 shareholder letter: How We Think About Market Fluctuations A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves. But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices. Link to comment Share on other sites More sharing options...
Corcaigh Posted August 24, 2015 Share Posted August 24, 2015 (edited) The roller coaster Today: Place your bets. What number will it finish on today? Edited August 24, 2015 by Corcaigh Link to comment Share on other sites More sharing options...
Fergasun Posted August 24, 2015 Share Posted August 24, 2015 Echos of 2000 and 2008... Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted August 24, 2015 Share Posted August 24, 2015 I'll take 1935. Link to comment Share on other sites More sharing options...
zoony Posted August 24, 2015 Share Posted August 24, 2015 This is a great buying opportunity there is nowhere near the sense of underlying doom and gloom from 2008. This might compare to 2000 a bit, or maybe even 1987. But the cusp of another great recession? That's laughable. 2 Link to comment Share on other sites More sharing options...
Springfield Posted August 24, 2015 Author Share Posted August 24, 2015 Man, I wish I hadn't gotten scared about YANG and got out at $80. ****ing things about to bust $150 in no time. Link to comment Share on other sites More sharing options...
techboy Posted August 24, 2015 Share Posted August 24, 2015 2 Link to comment Share on other sites More sharing options...
ixcuincle Posted August 24, 2015 Share Posted August 24, 2015 it's all china's fault Link to comment Share on other sites More sharing options...
Sacks 'n' Stuff Posted August 24, 2015 Share Posted August 24, 2015 Yeah... This thread convinced me to put all my money into the market just a couple of weeks ago. Hope you guys are happy. You just lost my kid's school clothes money! IM BROKE MOTHER****ERS! IM BROKE!!!! 1 Link to comment Share on other sites More sharing options...
Predicto Posted August 25, 2015 Share Posted August 25, 2015 It's funny how the economic troubles in China upset the stock market so much, when in many ways they will be beneficial to the US as a competitor of China. In the US, employment has been on a fairly steady upswing, economic growth is good compared to the rest of the developed world, oil and gas remain cheap. Of course, the interests of American capital and of the American worker are poorly aligned. 1 Link to comment Share on other sites More sharing options...
China Posted August 25, 2015 Share Posted August 25, 2015 it's all china's fault You're welcome. 1 Link to comment Share on other sites More sharing options...
Bonez3 Posted August 25, 2015 Share Posted August 25, 2015 Man, I wish I hadn't gotten scared about YANG and got out at $80. ****ing things about to bust $150 in no time. why not buy in now when you can 'time it' to hit prior market values. To me, if 'its all Chinas fault', why not do some short term market timing? It will be over 200 by Friday...No? I think so... Link to comment Share on other sites More sharing options...
twa Posted August 25, 2015 Share Posted August 25, 2015 It's funny how the economic troubles in China upset the stock market so much, when in many ways they will be beneficial to the US as a competitor of China. In the US, employment has been on a fairly steady upswing, economic growth is good compared to the rest of the developed world, oil and gas remain cheap. Of course, the interests of American capital and of the American worker are poorly aligned. It is more than China, markets been due for a major correction and of course the edginess from the Fed rate intentions and economic news. Weak fundamentals, ya might hold that jingle for some real bargains....or go now playing long Link to comment Share on other sites More sharing options...
Springfield Posted August 25, 2015 Author Share Posted August 25, 2015 why not buy in now when you can 'time it' to hit prior market values. To me, if 'its all Chinas fault', why not do some short term market timing? It will be over 200 by Friday...No? I think so... Because with my luck it'll be back down to $100 if I buy now. I'm just hanging out, holding what I've got and riding out the storm. Link to comment Share on other sites More sharing options...
GoSkins0721 Posted August 25, 2015 Share Posted August 25, 2015 why not buy in now when you can 'time it' to hit prior market values. To me, if 'its all Chinas fault', why not do some short term market timing? It will be over 200 by Friday...No? I think so... Time to buy or sell? 141.19 22.92(19.38%) Aug 24, 4:00PM EDT Pre-Market : 109.72 31.47 (22.29%) 8:03AM EDT - Nasdaq Real Time Price Link to comment Share on other sites More sharing options...
dchogs Posted August 25, 2015 Share Posted August 25, 2015 (edited) ugh... just get your money into a low cost mutual fund that mirrors the market (or S&P). don't time the market. by the time YOU have the bright idea to take advantage of something, the real experts and insiders have already leveraged their position and the market has already adjusted. for the little people, successful investing is a long and boring game (until the end, when you get to live off of all your filthy loot). Edited August 25, 2015 by dchogs 1 Link to comment Share on other sites More sharing options...
techboy Posted August 25, 2015 Share Posted August 25, 2015 (edited) Edited August 25, 2015 by techboy 2 Link to comment Share on other sites More sharing options...
Elessar78 Posted August 25, 2015 Share Posted August 25, 2015 Most people with money in the stock market (drawing a distinction between them and investors), don't really have a plan. It starts and ends with "buy low/sell high". Link to comment Share on other sites More sharing options...
Bonez3 Posted August 25, 2015 Share Posted August 25, 2015 Time to buy or sell? 141.19 22.92(19.38%) Aug 24, 4:00PM EDT Pre-Market : 109.72 31.47 (22.29%) 8:03AM EDT - Nasdaq Real Time Price Well, I had this idea Friday...so, I mean, market timing no? Link to comment Share on other sites More sharing options...
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