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Retired Pipe Polisher C2H6O+
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18,346 Posts
Discussion Starter #1
Am I the only one here about to jump off the roof of my house?


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Retired Pipe Polisher C2H6O+
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18,346 Posts
Discussion Starter #3
That’s just a bit of an exaggeration. :) I’m definitely not a gambler but since retiring my income is solely based on stocks. And I’ve definitely done a shit load better than when I go to the casinos. :)


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Retired Pipe Polisher C2H6O+
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18,346 Posts
Discussion Starter #5
But!!!!! Holy shit it sucks right now. Fucking Trump, wtf are you doing? :)


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Señor Member
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8,102 Posts
It can be some worrisome shit but it wii bounce back. Fortunately my retirement isn’t based on the stock market.
 

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Just Visiting Your Planet
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8,776 Posts
Dude. Where do I start? There's retirement money and there's mad money. Make sure you know the difference and you won't be posting something like this.

Yeah, sure the market is down. It doesn't go up indefinitely. You know that. You've made very good money off it over the past ten years! If you trendline the bottoms you will see that it's still a nice healthy upward slope.
 

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Registered
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95 Posts
I'm not worried. I get to kick back and sip pina coladas in 20 years.
You should invest more conservative closer to and during retirement. Otherwise you stress the lows.
 

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Premium Member
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652 Posts
My thoughts are the market goes down much faster than it goes up. Investors are like sheep. They follow one another. Eventually, if your investments are well based they will recover.
 

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Official Retired Person
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7,227 Posts
It's simply a correction. That's what all the smart people call what the market is doing now.

So, what went wrong that needed correcting?
 

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Sophomore Member
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2,588 Posts
The "experts" aren't calling this one a correction. They are calling it a bear market. Its been a shit year. I'm still a long way from retirement (25-30 years), but that doesn't make it easy to look at my 401k right now.
 

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Just Visiting Your Planet
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8,776 Posts
Investors are like sheep. They follow one another.
This is true to a large degree. It's called herding behavior. The theory goes that if you follow the crowd, your gains and losses will mimic the market and therefore, you won't miss out. If the market goes down, you get to console yourself with the fact that everyone lost money with you, so you're not alone.

It's simply a correction. That's what all the smart people call what the market is doing now.

So, what went wrong that needed correcting?
Policy. And that topic, inevitably, turns into politics which will not be discussed here.
 

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5,013 Posts
This is true to a large degree. It's called herding behavior. The theory goes that if you follow the crowd, your gains and losses will mimic the market and therefore, you won't miss out. If the market goes down, you get to console yourself with the fact that everyone lost money with you, so you're not alone.



Policy. And that topic, inevitably, turns into politics which will not be discussed here.

And, to inch it that tiny bit closer to full-on politics, the 'smart people', that being the 'media', are so totally in the tank for/against a certain side, they'll scream and scream just how bad everything is in an effort to get the less skilled 'investor' to make rash decisions thus making things actually bad and further their agenda. For all the recent large single day losses, there is not one thing I've been watching, or already own, that's gone down enough for me to buy more. That's what this (completely under-educated) investor will call a 'correction'.
 

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6,251 Posts
If you sell now you lock in your loss. I rode out 2008 after not getting out in time, and I’ll do the same this time. I was in the process of getting rid of my stock when the bottom fell out. If you have money and guts it can be a buyers market. I have neither. A change at the top level is necessary before things get even worse.
 

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276 Posts
How bad could it be. I lost $100K in 2009. It all came back. No worries bud.

If not, well Walmart is always hiring greeters. >:)
 
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