The Bottom
Where is it? That is the 25% plus of your investments question. The DJIA was a bit over 11,000 a month or so ago. As of 4:30 p.m. it’s about 8,500.
When do you put money back into the market or do you?
If you keep your money (what’s left of it) under the mattress, you’ve permanently lost.
Do you assume that this is a big “correction” or recession and the market will do what the market does, wander back up?
I’m guessing, put the money in. The question is when. No comments from brokers (except Moe) allowed.
5 comments:
I'm 42. I have made no changes to my investment plans due to the present crisis. My 401(k) statements make me want to cry, but I'm used to seeing the value go up and down, and I don't get too worked up about it. Trying to look at the bright side, at least my monthly contribution is buying more shares now. *sigh*
My liquid cash "emergency fund" is quite safe, although not earning nearly the interest rate that it had a year ago.
At some point, we need to do something about my husband's retirement plan. The market bottom would be an excellent time to make a change, if only we knew when that was happening. I hope I am wrong, but I feel that it will occur in the not too distant future.
I am 42 and just dumped a nice chunk of change into the market. I plan to do it again two more times over the next few weeks.
I am enjoyin the additional shares becasue I know it will go back up.
This is a buying opportunity. not a time to pull out.
Buy amd hold, just like Warren Buffett. Unlike him, don't buy single stocks.
Sam Walton was once asked about a huge loss in WalMart's share value and he replied that he hadn't lost a dime because he wasn't selling his shares. Smart man.
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