I had been 100% in an S&P 500 fund (The TSP C fund, for other feds) since shortly after the tech bubble burst, up until about a year ago. Getting close to retirement, thought stocks were overvalued, so moved into a 2020 LifeCycle fund.
Just moved 20% of it back to C fund. If stocks are lower in a week I'll move another 20%.
Overall, I view market timing as a fools game, but there are very rare instances where I think it makes sense. Time will tell if I should quit thinking.
As I have shared before- I got out of the market when the Dow was a little above 20,000. I have been watching closely, and I have a feeling the bottom is coming very soon. I got out three years ago, because I am approaching retirement. This may be a very rare time to jump back in, due to such unusual circumstances. Somehow I feel that with such a drop in value, coupled with pent up expectations, the marketvwill rebound close to its' old highs. I don't feel the risk is as great due to the history as to how we got to this level. We shall see.
All my experience and all my reading (many, many hours per day), and everything I'm seeing on TV says this is NOT the time to sell stocks. But that's just me and my situation.
I'm looking to get reasonably close to the bottom, not pin it and buy! Yesterday would have been a good day to buy. The S&P 500 futures hit the up stop last night. The S&P should start 5% higher than yesterday unless congress screws up a sure thing again. Word is that it is finally a done deal.
However, May and April are expected to be worse from a virus standpoint and the market is still very reactive to news. Usually market crashes have three bounces. I'm not suggesting this is a normal crash, but unfortunately we have a long way to go. I think today will be a bump up, but the margin of gain is still so great that anyone should be OK that they sold before the fall and have an opportunity to buy in lower.
I'd be happy just not to have to read all the negative news everyday. It is taking a toll on me.
Yep, today is the 24th. That 8% increase today took us all the way back two days of trading. And it was based on the idea that the government had worked out a deal late last night. An 8% swing based on hope. That may say more than anyone is willing to admit.
Panic selling entails missed opportunities and tax issues, even in an IRA. I'm the Millionaire next door you don't know. No one got rich sitting on the sidelines with grand opinions and little appetite for risk.
My daughter in-law is on the phone right now with our newest grand baby. Born this morning. On the floor below them someone is dying of Covid-19. It's pretty wide spread in WA state now. The people there know a lot more about it than comes across TV news.
The scenarios mentioned in the first post describing three possible paths is no longer applicable. We know enough about what is happening now to know this is going to be serious and long lasting historical stuff.
All of Mecklinburg County N.C. (>1,000,000 people) was put on lock down punishable by fine. Essential jobs, medical, food, and care for others are the only allowed reasons for travel. They have published a hot number for calling in violators. Doesn't effect me directly, it's the next county over.
Hmm, seems a little odd that there's nothing here on it. I'm sure the Arena is full, but maybe adults can have a conversation too. :)
There's been a few threads on some other forums I'm on, primarily GSResources. I thought I'd share a couple of things, because I'm seeing a lot of people who...
Fortnine's website says they are still filling orders somehow. But unfortunately the are not processing returns at this point. I completely understand. Just want to let you guys know that you could be covering that balance for quite a while if you make a return. I would still order any product I...
A forum community dedicated to all Suzuki Strom owners and enthusiasts. Come join the discussion about performance, modifications, troubleshooting, purchasing, reviews, accessories, maintenance, and more!