Taking a beating in the stock market

[MillauFr]

I read online that we’re in for another 2008. The Dow will hit 15,000 this year! I’m moving my 401k to cash as soon as I get into work this morning!

Bad advice. The virus will disappear when the weather warms up. I read it on the internet so it must be true

 

[dclpluto]

I’m taking a beating in the stock market.

I just needed a place to vent.

Are you feeling a little better?

 

[Epicnemesis]

I read online that we’re in for another 2008. The Dow will hit 15,000 this year! I’m moving my 401k to cash as soon as I get into work this morning!

Stock market Words of wisdom from my wise grandmother-- you haven’t lost money until you sell.....

 

[MillauFr]

Are you feeling a little better?

Maybe they panicked and sold on Friday

 

[GoingSince1990]

The S&P 500 is back up to the level where it last was on December 3, and the Nasdaq is back up to where it was on December 31. Don't panic and don't try to time the market.

 

[Dakota731]

I read online that we’re in for another 2008. The Dow will hit 15,000 this year! I’m moving my 401k to cash as soon as I get into work this morning!

And I just think that you shouldn’t believe everything you read online.

 

[Dakota731]

I am one of the very upset people as I am 4 years out from retirement!

Unless you just started investing last week you are still way farther ahead than you were three years ago.

 

[runwad]

What might u suggest for a 21 yr old putting $1500 in a ira this tax year? College student. Earned with part time job. Also will ask financial guy this week. Curious your opinion.

My college kids invest in VTI, Vanguard Total Stock Market ETF. They're young, in 40 years the Dow will be way up!

 

[MillauFr]

My college kids invest in VTI, Vanguard Total Stock Market ETF. They're young, in 40 years the Dow will be way up!

Good advice. Yes just go to Vanguard Schwab or Fidelity. All give good advice and deliver excellent value

 

[jbehr12]

I’m taking a beating in the stock market.

I just needed a place to vent.

It’ll go back up, you don’t invest to sell at the first sign of a loss. Stop looking at it and wait it out. Also you can use this time to accumulate at a lower price and bring your avg price down.

 

[punkin]

I read online that we’re in for another 2008. The Dow will hit 15,000 this year! I’m moving my 401k to cash as soon as I get into work this morning!

OK. That's one opinion. When are you retiring? If soon, this might be a good idea.

 

[DVCcurious]

OK. That's one opinion. When are you retiring? If soon, this might be a good idea.

I’m 42. But I wish I got out in early 2008 and then back in at the bottom in 2009. So I’m doing that this time

 

[TwoMisfits]

I’m 42. But I wish I got out in early 2008 and then back in at the bottom in 2009. So I’m doing that this time

Good luck...be aware, it is hard to time the bottom...almost as hard as it is to time the top...

 

[MillauFr]

Good luck...be aware, it is hard to time the bottom...almost as hard as it is to time the top...

It is impossible

 

[MillauFr]

I’m 42. But I wish I got out in early 2008 and then back in at the bottom in 2009. So I’m doing that this time

did you buy on Friday at the close? That was the bottom

 

[Coffee66]

did you buy on Friday at the close? That was the bottom

Lol. No one knows where the bottom is. We're not done yet. Paper gains and paper losses.

 

[chicagoshannon]

I’m 42. But I wish I got out in early 2008 and then back in at the bottom in 2009. So I’m doing that this time

I really hope you didn't sell yesteray. That was definitely NOT the bottom. I'm the same age as you and there's no way we'd take our money out now.

 

[Coffee66]

I really hope you didn't sell yesteray. That was definitely NOT the bottom. I'm the same age as you and there's no way we'd take our money out now.

I'm 66 and still in the market and retired 11 years. We haven't seen bottom just yet.

 

[MillauFr]

Lol. No one knows where the bottom is. We're not done yet. Paper gains and paper losses.

Exactly. Why do so many people think they know when to buy and sell? Not possible

 

[Coffee66]

Exactly. Why do so many people think they know when to buy and sell? Not possible

As I type Dow down 310... Wild swings its like a pin ball machine. Enjoying coffee and fox business channel