Investing General Discussion

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TJT

TJT

Mr. Poopybutthole
<Gold Donor>
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Like this thread has been about. I am not advising you but if you're day one trading you can't really going wrong with buying Index funds that are beat to shit right now. Plan to not see a return for a year or more. As that is what you should expect.
 
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Louis

Louis

Trakanon Raider
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Captain Suave said:
Certainly a better time to get in now than a month ago.
Click to expand...

Seriously. I actually went meet with one of our investment bankers at the branch I work at last month. I ended up not committing, because he didnt really sell me on it.

I have no intentions of investing as much as I previously did because of the unknown and Im in no way super rich.
 
karma

karma

Molten Core Raider
473
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lol, yeah the last few weeks have been an eye opener to say the least. For now I am buying up a few things cheap, with money I dont need. Hope it works out!
 
Pops

Pops

Avatar of War Slayer
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It's hard to say what is value. So many stocks were priced to perfection. We might finally return to more reasonable valuations.
 
Locnar

Locnar

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my resolve is cracking with all this doom talk. Thinking of turning the 401k to cash. Its down a good 20 percent. Someone talk me into/out of it....
 
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SeanDoe1z1

SeanDoe1z1

Avatar of War Slayer
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i stashed majority in a blue chip index and am riding the pain. i got in pretty early, i was predicting a stronger reaction than 2018's correction, but not this pants on head retards running around.

also no where even near retirement (nor do i care to be).
 
Fogel

Fogel

Mr. Poopybutthole
13,139
52,039
Locnar said:
my resolve is cracking with all this doom talk. Thinking of turning the 401k to cash. Its down a good 20 percent. Someone talk me into/out of it....
Click to expand...

Look back at the 2008 crisis and think about how much you would have lost if you sold then versus the gains it made in the next 12 years
 
Cad

Cad

scientia potentia est
<Bronze Donator>
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Locnar said:
my resolve is cracking with all this doom talk. Thinking of turning the 401k to cash. Its down a good 20 percent. Someone talk me into/out of it....
Click to expand...

Unless you can somehow see the future and know when to buy in, you're going to miss the upside when the market turns back around. Which it will.

Unless you need the money this year, leave it there and just wait out the upside.
 
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P

Picasso3

Silver Baronet of the Realm
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Worst case money doesn't matter anymore, best case a vaccine comes and we're all hearing about how perfectly it was handled by November

Seems like either way you should be in :p
 
Gravel

Gravel

Mr. Poopybutthole
39,418
129,665
Locnar said:
my resolve is cracking with all this doom talk. Thinking of turning the 401k to cash. Its down a good 20 percent. Someone talk me into/out of it....
Click to expand...
At this point you're just locking in losses. If you had the foresight to sell early, you're good as long as you can buy in sometime soon.

But there's no reason to sell at this point. Just buy. It can definitely still fall. Even if we hit 1500 S&P, I wouldn't be surprised, but I'll be buying the entire time.
 
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