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37chief

Well-known Member
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I have some money from my 401K I accumulated when I worked at my factory job. Not a lot to some, but it's all I have when I stop my tractor mowing, and disking. I have been watching the market, and it was down a lot yesterday, it is said the 5th largest drop in the stock market history. Weather it is or not, I told the person in charge of my 401K to remove my money from the market yesterday, and I see it is down a lot today. Now it's in a money market earning almost nothing. At least I will not be losing any more. Anyone else watching the stock market? Stan
 
since the great depression the stock market has been the best place to invest your money. but if you are easily rattled its not a place for you.
 
Likely a nice dip to buy on if you have a longer time horizon. Just a correction to flush out some weak longs. What can you get on CD's these days. We can get rates of 3.25 or in some places 4% on GIC's up here in Canada which are the equivalent of CD's in the US. I have more faith in the economy of the US than Canada these days so looking to move more investment stateside. US is an energy super power these days and even exports energy to China.
 
I just quit watching stocks on a day by day basis, but bailing out when stocks are down only locks in losses. Historically, the stock market 10-year averages always show gains, so I'm licking my temporary wounds and waiting for the correction to get corrected.
 
(quoted from post at 12:54:59 03/23/18) I have some money from my 401K I accumulated when I worked at my factory job. Not a lot to some, but it's all I have when I stop my tractor mowing, and disking. I have been watching the market, and it was down a lot yesterday, it is said the 5th largest drop in the stock market history. Weather it is or not, I told the person in charge of my 401K to remove my money from the market yesterday, and I see it is down a lot today. Now it's in a money market earning almost nothing. At least I will not be losing any more. Anyone else watching the stock market? Stan
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We are going to be in a volatile climate going forward with the instability at the Presidential level with possible Trade War, going to war with North Korea and Iran. Businesses and and our allies are very uncertain what will happen next. I do not blame you to preserve what you have. Maybe there are bond market could get you better returns.
 
(quoted from post at 13:15:50 03/23/18) since the great depression the stock market has been the best place to invest your money. but if you are easily rattled its not a place for you.
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That is like saying the likelihood of a plane crashing is very low but that does not help if you are on a plane crashing.
 
Shouldn?t panic. If you don?t need your money immediately leave it in the stock markets. I consider a down market a buying opportunity and is exactly what I am doing.
 
In the past year AFTER the election its raised at record levels and is still MUCH higher then a year ago SO DONT PANIC. The Stock Market is for THE LONG HAUL not for any nervous or day to day investors or day traders or daily watchers.

DIVERSIFY is the key and DO NOT put all your eggs in one basket DUH. Stocks, Bonds, Mutual Funds, Money Markets, Cash, Real Estate, Precious Metals SPREAD THE RISK.

Since the election Ive done MUCH MUCH better then the past 8 years and I'm not one bit nervous BECAUSED IM DIVERSIFIED and as grow older I'm into lower risk safer (even if less growth) investments.

John T
 
I?m bummed out on mine today also. All gains in last quarter of 2017 wiped out. ?Expert? advice is all over the map. So I?m back to where I was 6 months ago. Now we have to see what this new fed budget does to the market before changing anything.
 
why would u buy stocks that aren't dividen driven? then u don't have to worry about day to day fluctuations. collect the dividens and wait for the stock market to straighten out, it always does!
 
I have a bunch spread out between 9 mutual funds. All nine have a 10 year history of at least 10% to 15%. Some were making an astounding 38% at one point last year.

I'm still 'way ahead of my initial investment, so I'm not in a panic-yet.
 
I started my 401 in '95. It's weathered the two previous recessions and came back stronger each time. In all those years I never changed the funds around. I separated the company stock out of it in '16 (about half of it) and the rest rolled into an IRA and has made 15% this year. Remember, when the funds are down the reinvested returns are buying more shares for when it come back. Don't panic. The last few months we've had a couple of large drops but the market always came back higher in a few weeks. The problem with moving out of stocks is getting back in in time to catch the rebound.
 
(quoted from post at 22:54:59 03/23/18) I have some money from my 401K I accumulated when I worked at my factory job. Not a lot to some, but it's all I have when I stop my tractor mowing, and disking. I have been watching the market, and it was down a lot yesterday, it is said the 5th largest drop in the stock market history. Weather it is or not, I told the person in charge of my 401K to remove my money from the market yesterday, and I see it is down a lot today. Now it's in a money market earning almost nothing. At least I will not be losing any more. Anyone else watching the stock market? Stan
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==========================

37 chief, you just pulled a real boner. If you believe in America then stay in the stock market, and stay in it for a very long time. These daily ups and downs are nothing to worry about. Jumping in and out is "speculating", staying in for the long haul is "investing". And if your "money market" is earning "almost nothing", you are in the wrong market.
When the market his a low, then buy more shares, not sell them!
LA in WI
 
It could be worse, like if you had a grain bin filled with unsold soybeans or a barn full of market hogs.
 
I agree with you.If I had a lot more time I would leave it the market. All my Dad's side didn't live past early 80's. At 75 my self I look back at 08 where I lost a bundle. In the last 10 years I gained it all back, and then sum. I just don't want a repeat of 08. I want to leave enough for the wife to live with. With all the trade talk, you just don't know how things will turn out. Stan
 
Well You just locked in your loss. If your not going to spend the money in the next few months then you should have left it alone.

The market dropped like a rock in 2008. I had a fair amount of stock. The key was it was at 4 times what I had originally invested. So it went down 25%. It still was worth 75% more than I had invested. I left it alone and in less than 3 years I was right back to where I was at. It has doubled again since then.

So your now in a money market with an effective earnings of zero after you pay any taxes.

Yes yesterday might have been a large drop but it will recover much faster than a zero/low earning money market. You let the news panic you into selling.

Myself I am planning to buy Monday. Several companies that I have shares in had their stock go down. I put in a buy order today and I hope it hits Monday.

I do not care if it is cattle , grain, or stocks, NEVER SELL AT the low!!!!!! You will 90% of the time be better off waiting until all the panic settles down and then making a decision. You will never out guess the market just looking at it one day at a time.
 
When The last president took office, stocks went up, and continued going up. I believe that at this period of time you need your money in a low earning , low risk plan. Because some folks ideologies push them to support this administration, the fact remains that his policies are now frightening investors. If you love nnalert gamble, if you like your money, think.
 
There are a lot of folks on this forum with years of investment knowledge and experience and importantly.... NET WORTH. But, those folks are mostly silent to your question, because they know how complex, involved, and intertwined a long term investment strategy really is. Investing for the long term is complex and requires lots of assessment to make your decisions. You are looking for a magic answer, that does not exist.
 
For those folks that say I lost money in 08, what if you had moved your money into investments that were at least neutral and loss free, then gamble again when the ship was steady. The markets went up because belief in nnalert cutting taxes and regulations would allow big companies and wall street to rock and roll. This tariff thing, along with an inflated belief in the markets values, were exactly what happened in the beginning of 1929. For everyone who thinks we can kick China in trade, I would say bet on it and see how that works out Your money, gamble on this moron with your money. He has been bankrupt many times, he has admitted to being the king of debt. If you now have confidence, gamble.
 
If anyone here or any place KNEW FOR SURE what any market was going to be 12 months from they could become instant Billionaire$.Remember not long ago when there were
many people right here at YT that had a long list of reason that no way grain prices would ever be able to go back down.How's that working out these days?
In 12 months when the market is at 8,000 you'll be a genius or if its at 30,000 you be and Idiot.Really you won't be either you just be a lucky or unlucky guesser.
Having your money in a bank might not be a good decision either ask the folks on Cyprus how that worked out for them.
 
Big mistake. Stock market goes up and down. Over the long haul, the trend is steadily up with a few bumps along the way. If it is not too late, you should jump right back in and ride to the crest of the next wave.

JD Seller has it right. In essence, you just locked in your loss. Unless you need the money, ride it out.

I have some stock myself. I only look at its value once in a while. Every time I look, it is still many tomes more than its initial value. Overall, it went down quite a bit on several occasions. You can't get your money back unless you stay in the game.
 
If you have confidence in the nut in the white house taking care of you, this is where the rubber meets the road. Don't make up excuses or long term strategies, we are now at the real deal. It's your money, bet it. Gamble.
 
Don't have a clue to your finances but you need to talk to your financial advisor. if your not making much money start converting your money into the roth ira accounts. What ever you draw out in the future will be tax free. Don't know when you will go onto social security but most people will pay taxes on there 401k plans. don't know who your financial advisor is but if you can trust him I would have a good meeting wth him. Your age should dictate your proper place for your money. I personally am no expert on the stock market but I do know the banks, savings and loan people wont give you anything for your money. There is places in the stock market to put your money in fixed accounts that probably will earn 3/4 percent. the stock market will go up and down. with the tariffs, north lorea, Russia, Syria, iran it may really fluctuate a lot . in the long run it will be on the up side. I think most people will ride it out. just my opinion.
 
2 days ago the chinese lowered tarrifs and raised import quotas on US automobiles, how does that fact fit in your uninformed diatribe against the CIC attempting to protect American corporations from depredation by foreign governments? There will be many more benefits to American workers and consumers from the tarrifs, high time someone recognized that we can't play against a stacked deck forever. The rest of the world cannot ignor the USA, it is the utmost folly to believe that they can or would, no country will voluntarily remove themselves from our markets.
 
Like I say. Rubber and road. If you are a poor man like me, do anything you need to protect the money you have. If you are an ideologist you may need more money. Can you really see billonaires working for your interest.
 
Gamble your money. Most of our soybeans and cotton go to China. Maybe trumps friends in New York will profit from a trade war, do you think they care about you?
 
For everyone that is dumb enough to think nnalert gives a crap about them, get over it, what is wrong with you? He don't care about anyone. But gamble on him if you have the urge. Just take responsibility for it your selves. Be big enough to say why we are in this stupid place with one of the dumbest humans alive in charge.
 
Guys there is no strategy, or no logic nor any sense to anything that goes on with the "stock market". IMHO its all a shell game of smoke and mirrors, and you're risking the product of your entire life's work in electronic dollars which are backed by thin air. I know its the culturally accepted thing to do - but personally I'm staying as far away from anything having to do with it as possible. Even if I did work somewhere that paid me in a retirement fund, I'd get my money out of that ASAP and into tangible assets that I have direct control over. I think the entire thing is one extremely dangerous game to play.
 
Lanse The stock market will make more over the next forty years of your life than all those "Tangible assets" you have. Many of those personal assets you have now will have little to any value in forty years. A home or real estate will but vehicles and shop tools will not hold or gain much in value.

At your age even a small amount in a medium growth mutual fund would create you a very good sum of money when you reach retirement age.

Real life now. Fifty years ago I put $2500 into a mutual fund. That money just bought land that is now my daughters. I did nothing other than the initial investment.

Right now with low interest rates CDs, money market accounts, saving accounts, and other passive saving plans do not even break even when you figure taxes and inflation.

Gold and other rare metals have a very poor long term investment return.

The stock market is a yard stick that measures the rough value of the companies that are traded on it. The simplest way for most people to participate is a mutual fund that spreads any risk out over many companies.

Lanse I will not live to see you benefit from any long term investment. If you just put a small amount, like $2000 in a modest Mutual Fund now and forgot about it for the next forty years it would benefit you more than you think.
 
I think you did the right thing, Chief. At age 75, you really don't have enough time to recover from another crash, and I think with that loose cannon rolling around in the white house, we may be headed for one. I'm 70, and have been out of the market for awhile, as has my 73 year old CPA coffee buddy. I made the decision because I have enough retirement income and money in IRA's to live comfortably for the duration, and the benefit of making some more money in the stock market was outweighed by the risk of losing half of it in another crash.
 
There won't be a trade war, that is my exact point, no nation on earth and no group of nations can risk being shut out of the US market and they certainly are not going to pull out of US markets. Just becasue the fake news, never trumpers and the ill-educated leftist America haters say it don't make it so, they need dupes like you to continue spreading their lies, dependent and stupid is the donkeys ideal voter.
 
Sorry Stan, but I'm afraid you made the wrong move. A general rule of thumb is "buy when everyone else is selling and sell when everyone else is buying". In other words, buy low, sell high. A lot of folks bailed out of stocks in 2009; those who stayed in the market recovered their investments and those who didn't lost out. And those who put money INTO stocks when the market was down made out like bandits.

That said, the stock market will be a wild ride for at least the next year; it's a matter of how much risk you're willing to accept. An easy way to manage risk in the market is to pick a percentage for your allocation between stocks and bonds/fixed-income investments. I do 70 percent stocks, most investment advisers will probably advise fifty-fify for someone in their sixties. Whatever number you pick just stick with it. When the market is up, meaning you're over-allocated in stocks, move your money into bonds and fixed-income investments. When the market is down, you'll be under-allocated in stocks, so move your money back into stocks. This is a simple strategy and only requires you to check your allocation a few times a year.

I should also point out money market investments aren't exactly safe. Sure, they won't go down, but if the interest doesn't keep up with inflation, it's the same thing. And bonds can be very risky right now, as rising interest rates are brutal on bond prices.
 
Just realize that annual inflation will likely be 3% or 4%, If your investment doesn't equal that.....you're losing money.
 
Lanse, you are at an age now where your investment decisions will have an enormous impact on your life down the road. Don't be one of those who said "I'll save for retirement later", only to come up short when they're too old to work.

First off, there is NO investment that, over the long term, has proven to beat the stock market. The average rate of return over the past century is about ten percent annually. Yes, there have been investments that beat that in the short term, but the safest, most reliable long term investment is still the stock market.

Second, the "right" time to invest is always "now". And that's particularly true for someone in their twenties. A simple example: Suppose you decide to put 10K per year into an IRA. You do this for the next ten years, then quit. Meanwhile, a friend of yours decides not to put anything into an IRA. Ten years later, after you quit adding money to your IRA, your friend decides to invest 10K per year in an IRA. Do you know that no matter how long he contributes to his IRA, he will never catch up to you?

Third, you speak of "tangible" investments. I assume you mean physical assets such as land, houses, and vehicles. Keep in mind that "tangible" also means "illiquid". If you need money in a pinch, you'll find it difficult to raise it by selling physical assets. Chances are you'll take a beating. Cash is always liquid! And even money locked up in an IRA or 401k can be withdrawn after paying a penalty. Or you can borrow against it.

Lastly, avoid buying stuff that doesn't make you money. A good example is undeveloped real estate. Sure, you can hold on to it for twenty years and sell it at a profit, but in the mean time you're paying taxes on the property and losing out on the return your money would have earned in an interest-bearing investment.
 
I couldn't agree more about starting early but what do you consider an age to get out of the market? My 401k is in a ''2020'' fund, meaning for the last few years the fund has progressively cut back on stocks with the goal to be nearly completely out of stocks by 2020 which will be the year I turn 66, my so called full retirment age. I don't plan on using the 401K unless I need an inflation hedge against my company annuity based retirement way down the road, I don't see that happening but you never know. I put my entire 401K in the 2020 fund about 10 years ago because I knew guys who were at retirement age in 2001 and got clipped bad plus others who were near retirement in 2009 and had to delay retirement, as you said, it is always feasible to rebound from temporary down periods in the market, until you don't have enough time left to do so. I don't want the money to just languish because I expect my Wife to outlive me by several years, even though she is a couple years older than me she has good genes and calm living on her side.
 
> I couldn't agree more about starting early but what do you consider an age to get out of the market? My 401k is in a ''2020'' fund, meaning for the last few years the fund has progressively cut back on stocks with the goal to be nearly completely out of stocks by 2020 which will be the year I turn 66, my so called full retirment age.

I don't think one should ever get completely out of the stock market, unless maybe if you have a terminal illness and no heirs. My personal opinion is that most target-date funds are too conservative. Of course it matters how much risk each individual can accept, as well as life expectancy. I don't think anyone who expects to live another decade or two should go below 50 percent stocks.

As it happens, I have about a third of my 401k in a 2020 target date fund. Right now it's about 50/50 stocks/bonds. I keep enough money in domestic and foreign stock funds to push that ratio to around 70/30. But again, it's all a matter of how much risk is acceptable. If you expect to live past eighty, keeping too much money in bonds presents a very real risk you'll use up your savings. On the other hand, too much money in stocks brings the risk of short-term losses.

I read the other day that of people who are sixty today, one in four is expected to live past ninety. And as you know, there's a huge difference in returns between stocks and bonds over thirty years.
 
"the alternate?"

Which one of the other 15 candidates that were in the R primary are you referring to?
 
Thank You Mark B , John Deere Seller, John T and others for your Fatherly and scholarly Advice concerning and understanding the benifits of the stock market the ,, Unlike some others that are wanting to place blame and are diss in 'and cuzn' OUR President because They are Sore their unwise choice for the office did not win and THEY WILL NOT accept that.. they have nothing but doom and gloom to report and prey on those that just dont know any better,.. Shall i say" the Naive " ........ these mislead sheeple are like those who will scream unions rights as the company goes down the tubes, because of all the demands the workers stuck the company for .THEY SHOULD be ASHAMED for misleading" so many in hopes of free ice cream every day" i get disgusted reading their leftist comments that disrupt the free market mentality.... not only is it un Christ like.. but it is un AMERICAN..these very people will end up telling people what to do , how to do , when to do , and what to think ,,in essence because they wish to control so much of our lives they ultimately become communist in their thinking
Ands they call it freedom ? That is Not the Freedom God had helped us farmer soldiers to achieve when the constitution and Bill of Rights were made Law by our Continental Congress
 
I disagree with the comment that to be in the stock market is to be unamerican. I think people should invest in companies that they agree with their business practices. A person who invests in a company SOLELY for profit shows their real stripes - profit and profit only. Why not invest in a crack house? There's a fair bit of profit there.

You should invest in companies that practice how you believe a company should practice. If your stocks are in a company that produces products overseas to import here, you cannot pretend you believe in production in the US. If you invest in a company that works with countries that employ slave labor, you cannot pretend that you abhor slavery. If you invest in a company that produces overseas to escape US taxes, you cannot pretend that you believe in the US!
 
The USA is 21 trillion$ in the hole,just passed a massive spending bill that will accelerate the debt with no hope of ever paying it off.The stock market goes up and down wildly daily.
Hey what could possibly go wrong?The pro stock market folks are now sounding like the real estate people did back in 2007 no where to go but up they said.
I'm with you I want my assets where I can physically touch and use them not somewhere stored on a computer file and that has served me well.
 
(quoted from post at 17:31:57 03/24/18) The USA is 21 trillion$ in the hole,just passed a massive spending bill that will accelerate the debt with no hope of ever paying it off.The stock market goes up and down wildly daily.
Hey what could possibly go wrong?The pro stock market folks are now sounding like the real estate people did back in 2007 no where to go but up they said.
I'm with you I want my assets where I can physically touch and use them not somewhere stored on a computer file and that has served me well.
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Sure. But if your employer matches your contribution take all of the free money you can get.
 
> Ask the people that were holding Wachovia stock how that worked out for them.

The sad fate of investors in a particular North Carolina bank is as irrelevant to this discussion as is the good fortune of those who invested in Google and Facebook. The point is NOT to stake your future on the success of a single stock, but to invest in a diversified portfolio that balances risk and reward.

These days it is easier than ever to have a diversified investment portfolio. No-load mutual funds that invest in an index of stocks, such as the S&P 500, allow individual investors to build a well-diversified portfolio with a small initial investment and without paying outrageous fees. And we have decades of evidence that this is a solid investment strategy.
 
(quoted from post at 14:54:59 03/23/18) I have some money from my 401K I accumulated when I worked at my factory job. Not a lot to some, but it's all I have when I stop my tractor mowing, and disking. I have been watching the market, and it was down a lot yesterday, it is said the 5th largest drop in the stock market history. Weather it is or not, I told the person in charge of my 401K to remove my money from the market yesterday, and I see it is down a lot today. Now it's in a money market earning almost nothing. At least I will not be losing any more. Anyone else watching the stock market? Stan
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Great strategy.. buy in while its high and get out while its low. The market ALWAYS comes back... If you chose not to wait, or must get out when it down, you lose money. The market is always jittery... when the feds announce interest rate increase, there is a panic for a week or so... and then it comes right back. Again, you need to think about whats happening. We have low corp taxes, a housing shortage, and a great period of government in favor of business. I would NOT get out now. And with all the recent growth, there are also jitters about over growth,,, so the panic sets in, the market dumps.. and guess what.. two weeks later is come right back.. BECAUSE.. there is REAL value to the market and it will be under and over priced, but it will always drive back to near normal. And dont ever take advice from anyone on the internet.
 
(quoted from post at 15:37:28 03/23/18)
(quoted from post at 13:15:50 03/23/18) since the great depression the stock market has been the best place to invest your money. but if you are easily rattled its not a place for you.
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That is like saying the likelihood of a plane crashing is very low but that does not help if you are on a plane crashing.
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No.. but I would recommend selling your house and climbing into the grave.
 
I firmly believe in diversity in your investments. I currently have over 30% of my net worth in the stock market. I am not telling Lanse to not own other things. I am just telling him that some money in the market would not be a bad thing to have.
 
> So you sell this stuff right?

I do not. But this simple strategy (invest early, maintain a balanced, diversified portfolio and stay in the market) has worked out well for me, and will enable a comfortable retirement for my wife and me. I gain nothing if Stan and Lanse choose to take my advice, and I lose nothing if they choose to follow yours.
 
> Thank You Mark B , John Deere Seller, John T and others for your Fatherly and scholarly Advice concerning and understanding the benifits of the stock market the ,, Unlike some others that are wanting to place blame and are diss in 'and cuzn' OUR President...

If you construed my posts to be a vote of confidence in the current administration, I'm afraid nothing could be further from the truth. But the US economy is resilient, and I believe that whatever damage done by the Talking Yam and his fellow kleptocrats will be temporary. I'm in this for the long haul, not the duration of this year's reality TV show.
 
You mentioned you have your 401K split up amongst various funds, that gave me a lightbulb moment, I have all of mine in the dated fund but it should be split up into increasingly aggressive funds. I have long considered the main benefits of the 401k to be a lower immediate tax bill and as a salary increase that you don't see, I have sometimes went years without checking on the account, I need to start proactively monitoring how those funds are managed.
 
> You mentioned you have your 401K split up amongst various funds, that gave me a lightbulb moment, I have all of mine in the dated fund but it should be split up into increasingly aggressive funds.

Well, the whole point of a target-date fund is you don't have to manage it. But I treat mine as ballast, giving my portfolio diversity that would be difficult to manage with individual funds. As I said, earlier about a third of my 401k is in a target fund, with the next largest amount in an S&P 500 index. The remainder is in various foreign and domestic funds and in bonds. I try to keep at least 5 percent in a fixed income fund, which I use to rebalance the portfolio. If the market takes a dump, I move money into stocks. When the market is up, I move money back into the fixed income fund.
 
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