Dow is currently around 31300, down about 20% from its peak. Is now the time to buy, or to sell?
I would guess the question, should I sell, is one you know the input costs on.
If the question is, will the indexes rise or fall,?ÿ who are you going to trust ?
Certainly not time to sell if you bought when it was up 20%, at this point unless it goes to zero you haven't lost that money yet 🙂
Time to sell was probably around the first of the year, every week is just more bad news so far this year.
I guess at this point I am holding on for the ride and hoping I can live and work long enough for it to come back. I know retiring next year at 65 is definitely out, shooting for 70 in 2028 and see what things look like.
SHG
I'm in the LIVE stock business.?ÿ The best rule of thumb to apply is to watch me.?ÿ When I sell, the markets will soar shortly thereafter.?ÿ If I buy, the markets will collapse shortly thereafter.
The current situation is seemingly sizing up to be a ??regular? cyclical performance of the market. I??ve been through about five of them and have recovered in about 4-5 years subsequent the losses. However you can make a fortune with the help of a top notch financial adviser during recovery. Long term was the usual safe gamble but with tech stocks and chip makers joining in, there is plenty of money to be made. Regardless of what you do, don??t be your own financial advisor/wizard. Wish you the best! ?????ÿ
IMO the only time you worry about how much you paid is when you are considering tax implications. Nearly every penny of my investment money is in 401k/IRA where tax is not an immediate consideration. So the question is how things are going forward from the here and now.
1. Dollar cost averaging. Trying to time the market is a fools errand.
2. Bulls make money, Bears make money.......... Pigs get slaughtered.?ÿ
All my money is tied up in cash.
The market finished last week with the DOW at about 29,900 and most pundits saying that there is still more downside to come.?ÿ
All my money is tied up in cash.
You are only losing several percent per year due to inflation.
I rode the market down and expect to ride it back up. Just don't know how long it will take.
expect to ride it back up
That educated assumption has always held true of the market since its inception. The time factor is the killer.?ÿ
@flga-2-2?ÿ
Time has always been the killer...
The market finished last week with the DOW at about 29,900 and most pundits saying that there is still more downside to come.?ÿ
It's back up to 30.5 (+540) this morning, but that doesn't mean much.?ÿ
The highest numbers always arrive after you have sold.
I know a guy whose portfolio is worth $1 million. He started with $4 million.
I know a farmer who won the Lottery. I asked him what he was going to do with all that money. He said "Farm with it, till it's all gone."
DODGE THE BOVINE
@dougie?ÿ
Excellent advise.?ÿ Do not do as I do.?ÿ That's why I'm not in the stock market game.
My son-in-law, however, has a PhD in Economics from Purdue and is VERY good at it.?ÿ VERY GOOD.
advise
Hey you old fart, err, Most Divine Bovine, are you screwing up nouns and verbs on purpose? ie; s vs. c ?????ÿ
OMG!?ÿ You are correct!?ÿ Bang me, dang me, go get a rope and hang me.