With this virus bs I am a little concerned. I will not be able to avoid going thru detroit, atlanta, and LAX at some point this spring/summer.
What are you putting your money into for retirement that you have no care about the huge losses today in the market? Or, are you just confident that over time the market will be back? I find myself watching it closer and closer as I set my sights on early retirement.
Diversification... IMHO if you're worried about a 1.5-2% move, you may want to reassess. I took gains in Q4 and paid off the house since itemization is dead... Presently waiting for a good buying opp. Short term, watching a few stocks 'on sale' and some historically safe (non - sexy) equities (like utilities, soon energy) are looking attractive since we're headed into the end of an economic cycle. If things really take a dump, I'll be looking at real estate/land.
Day to day.... market go up one day, go down the next; but over time it’s gonna go up. Spread your stuff out across enough industries and the little daily or even yearly ups and downs don’t matter
I agree 1,000%.... good timing too since this Wu-Tang virus might just make that a reality... Wu-Tang Virus ain’t nothin to **** with... protekt yo neck
You know when the virus goes thru and takes out 35% climate change solved, practicality takes over order restored.
Hey now! Gremlins were cool. I had one for 9 years but did not drive it in the winter. I put a bored and balanced 401 engine in it along with a 4 speed from an AMX. A 450 hp Gremlin, that thing was a blast to drive. Lucky I used to live near Great Lakes drag strip.
I now see your point and completely understand and agree. But, at heart I am still a tight-wad and to lose over 10 grand in a day still bugs that crap out of me. I only have about 20% of net in the market and it is in a managed account that is very well diversified and fairly conservative. Last year it only did a little over 16% thanks to some being in low yield bonds for preservation. My kids accounts are more aggressive and did 35%! I just cant take that risk anymore because I want to be able to change gears in the next very few years. I just closed on some more land yesterday and think its a very solid place to park a decent share of net worth. Don't be afraid to take a look at REIT's also if you haven't. Some pretty solid returns there and the better ones have much smaller risk than the market. Some of them only deal with fortune 500 properties. I also agree that paying off mortgages right now is a great idea and I plan to do the same in a few days. I plan to use those payments to fund a commercial property that will make me a better return and put me back into something with some deductibility. Sorry to ramble, but I love the world of finance and investing so much!
Mainstream media hyping this WuTang virus just as they did with the Ebola, Swine Flu, or SARS outbreaks. Fear mongering at it's finest. You should be more worried about the regular seasonal flu than some media hyped virus.
Yea, but the regular flu isn't nearly as meme-able as the Kung-Flu. Also, the WuTang Flu came from snakes and anybody who has ever seen Snakes on a Plane knows that those motherf***in snakes are no motherf***in joke.
Already in REITs 5-10% they tend to be conservative. My wife used to work for a small reit Co...she was HR and Acounting when she started and the company was only about a 30 person operation. She 'retired' when we had kids, but the company had already growth... And the 'pain threshold' changes over time. I lost over 100k when the dot com bubble burst...that hurt, a lot. I too am cheap. I blame my Scottish ancestors.
