401k

[hurleyjd]

I know there was a discussion a week or so ago about our retirement accounts. Any one checked theirs this afternoon. I know that I am not as well off as I was the first of the year even the first of this week. Probable own the wrong stocks. I bought stock that I thought provided a product that every one would need and not the latest social platform that only sells advertisement.

 

[Caustic Burno]

I know there was a discussion a week or so ago about our retirement accounts. Any one checked theirs this afternoon. I know that I am not as well off as I was the first of the year even the first of this week. Probable own the wrong stocks. I bought stock that I thought provided a product that every one would need and not the latest social platform that only sells advertisement.

That’s the reason I prefer mutual funds and bonds in retirement not near as volatile. The growth is more restrained but so is the loss with market swings.

 

[1982vett]

Yeah...ours touched a $ amount earlier in the year where the market always seems to find something to send it into a frenzy. Hopefully I’ve already pulled enough cash out to last the rest of the year.

 

[bird dog]

Whats the old joke? My 401K is now a 201K.

The old adage to keep your percentage of stock investments 100% minus your age works very well. Vanguard has funds that make this very easy to accomplish and they have very low expenses. Your risk automatically goes down as you age.

 

[hurleyjd]

I have Vanguard mutual funds and the fund I am in took a hit as well as the other stock I own. Some of the stock is electric utility stocks and they took a hit also.

 

[jltrent]

Hold onto it for a while and it will more than likely rebound. Kinda scary though as like everything else it could vanish in a few days.

 

[Caustic Burno]

I have Vanguard mutual funds and the fund I am in took a hit as well as the other stock I own. Some of the stock is electric utility stocks and they took a hit also.

Everything is at risk even if it’s buried in a coffee can in the yard. This was nothing so far compared to Black Monday in 1987. I wish I would’ve had the foresight to bought the next Tuesday. I did buy 2008 and I reaped the benefits. Over 75% of stock is automatically traded by computers today. This is why I will be talking with my financial guy today about where we buy or hold em.

 

[Stocker Steve]

Financial guys like to hold um, and there will be a bounce in stock market next week. But it might be a dead cat bounce...

Aggressive money would be taking profits in bonds and preparing to buy stock. :2cents: Ask your guy when you should rebalance?

 

[hurleyjd]

I know there was a discussion a week or so ago about our retirement accounts. Any one checked theirs this afternoon. I know that I am not as well off as I was the first of the year even the first of this week. Probable own the wrong stocks. I bought stock that I thought provided a product that every one would need and not the latest social platform that only sells advertisement.

That’s the reason I prefer mutual funds and bonds in retirement not near as volatile. The growth is more restrained but so is the loss with market swings.

Caustic I believe your career was in running an oil refinery. Do you think that XOM giving up halve its value sine 1/1/2020 is realistic. XOM has been historical a great dividend paying stock.

 

[hurleyjd]

I have Vanguard mutual funds and the fund I am in took a hit as well as the other stock I own. Some of the stock is electric utility stocks and they took a hit also.

Everything is at risk even if it’s buried in a coffee can in the yard. This was nothing so far compared to Black Monday in 1987. I wish I would’ve had the foresight to bought the next Tuesday. I did buy 2008 and I reaped the benefits. Over 75% of stock is automatically traded by computers today. This is why I will be talking with my financial guy today about where we buy or hold em.

Here is the history of the 1987 crash and some of the things that made it happen.
https://investorplace.com/2010/10/lessons-from-1987-stock-market-crash/

 

[Caustic Burno]

I know there was a discussion a week or so ago about our retirement accounts. Any one checked theirs this afternoon. I know that I am not as well off as I was the first of the year even the first of this week. Probable own the wrong stocks. I bought stock that I thought provided a product that every one would need and not the latest social platform that only sells advertisement.

That’s the reason I prefer mutual funds and bonds in retirement not near as volatile. The growth is more restrained but so is the loss with market swings.

Caustic I believe your career was in running an oil refinery. Do you think that XOM giving up halve its value sine 1/1/2020 is realistic. XOM has been historical a great dividend paying stock.

I was never big in oil company stock the history of the industry has always been bust to boom along with bankruptcy, mergers and acquisitions.
A pile disappeared during Clinton administration.https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSTRE76D56V20110714

The refinery I worked in has changed ownership four times in my life.
The company I hired on with had 10 refineries and no longer exists.

 

[Brute 23]

Buy! Buy! Buy!

 

[Brute 23]

Dont stare at the tv too much. They like to spur irrationalism and are biased as heck.

News media reports... Stock Market is crashing! :shock:


Actual story.... :lol2:

 

[hurleyjd]

Hold onto it for a while and it will more than likely rebound. Kinda scary though as like everything else it could vanish in a few days.

Since Monday Oct 24 with the stock Market having 44 more minutes the Dow is down $4887. I think a lot of folks was looking for an exit. But you know the money boys can make money in an up and down market. Cattle may be down next week.

 

[Stocker Steve]

Bonds

 

[Stocker Steve]

Buy! Buy! Buy!

Patience. The machines are not done selling yet.

 

[jltrent]

Hold onto it for a while and it will more than likely rebound. Kinda scary though as like everything else it could vanish in a few days.

Since Monday Oct 24 with the stock Market having 44 more minutes the Dow is down $4887. I think a lot of folks was looking for an exit. But you know the money boys can make money in an up and down market. Cattle may be down next week.

For the time of year cattle are pretty low already. THis fall they may even be less.

 

[pricefarm]

I think the media is blowing this virus way out of proportion, this is causing people to be on edge. Just wait all of this will be Trumps fault in a few days.

 

[Col Reb]

Put a little money in a money market that wasn’t making anything in a savings account. Locked in for a year at 3.5% thought it was a waste. It’s the only thing making money now, lol.

 

[Brute 23]

It was already headed back up Friday. When I heard ever one say it tanked I jumped online to try to buy on the cheap it was already coming back up. That was barely a flutter. :roll: