Totally agree. Although I did state that the tariffs would cause chaos, did I sell everything and go 100% cash in anticipation? Of course not. None of us did. We don't gamble with our future. W's countless posts with evidence prove that market timing does not work. As all of us are doing, stick to the plan. And throw things at the screen in frustration
Something to think about. We all enjoy and hold dear our privilege to invest in the market which is made up of many, many great companies. We research them, dive into their earnings, monitor their business deals, examine their management, and on occasion become an investor in them. There are plenty to choose from here just in the US alone. Many of them are fine businesses with great wealth. Some of that wealth eventually ends up in our portfolio as a result. These US companies are right here for us to buy up shares in. Let's not forget their global reach either and how widespread that is. These same companies do an enormous amount of business in other countries. They build, sell, operate, and innovate globally. They get parts, supplies, and buyers from many different places to generate the wealth and the product. It is often mentioned, even here in this forum, how an investor can build their portfolio with these great companies and forego international equities because of their large footprint and economic impact across the globe. It can be easy to forget that a good chunk of that wealth comes from being able to trade and operate globally. Those large cap US companies are the most sought after in the world. They did not get that way by only doing business here or creating barriers to their own growth.
S&P 500 Drawdown Metrics Last Closing Price 5,074.08 All Time High 6,147.43 Lowest Price Since All Time High 5,069.90 Drawdown At Lowest Price Since All Time High -17.53% Gain From Lowest Price 0.08% Gain Required to Reach All Time High From Current Price 21.15% Gain Required to Reach All Time High From Lowest Price 21.25%
Last week was a rough week for us. I did pick up a few shares on Friday in one of my market index funds. Of course I picked up a few before that, only to see it drop further...LOL. I will have some "regular contributions" that go in this week as they normally would anyway and they will pick up some more of the same. The Treasury fund I added a little while ago has cushioned the blow a bit. Noticeable, but not overly so. It has been the only green in my portfolio lately. My plan was not to make a sudden, large allocation shift. Rather a gradual shift overtime and learn/see where I might want to settle. Of course the market tanked not too long afterwards, so maybe I should have. No, I will just stick to what I had planned and that will keep me from tinkering too much and trying to outsmart myself.
Well, the futures are looking down right now to the tune of ~4.6%. Ultimately, futures are meaningless but looks like we are in for a down day. Debating if I should have some guts and put some more of my savings into my account and buy. As W says, no guts no glory?
Yeah JWalker, I seen that as well. Batten down the hatches and drop the sail’s….this storm is building on us. Some of the other markets around the globe appear to be tanking as well. Who knows where we will eventually end up. One thing about it….there are gonna be some sale prices to be had throughout this ordeal.
I had my goal of $100k investments by 30 - looks like this market had different plans for me unless we have a serious turnaround in the next few weeks.
This very much reminds me of the COVID freefall. Tomorrow is looking to be another bloodbath. How low can it go? A trader's dream. A long term investor's excuse to go do something else to take their mind off the chaos
Yeah, young investors are getting another chance to pick up some discounts or anyone else if they so desire. There is just no way of knowing how deep this discount may be or for how long. Those retired or soon to be hopefully have planned ahead. Most of the ones I know have. Obviously, they aren't excited about the current downturn, but most have planned with the expectation that there will be some of these events (bear markets) occurring during their retirement. Most of them have weighed the possibility of even a long drawn out event of some sort at some point. It is important to evaluate that part of the equation as you make your long term plan. This doesn't mean we will know what or when that risk will show up or for how long, but we should take those considerations and balance it out with what we are doing. Younger investors have time on their side in most cases. I still think they should take note and learn as they go along with these experiences. File them away in your memory or write it down. As you move along in the journey, there will be other times as well. Use those experiences to learn and don't forget them. It will help you down the road as you evaluate your risk later. As you get older (and you will) give yourself plenty of runway to evaluate those things so that your are not in the middle of something like this trying to figure it out.
The day ended much better than in started. Hopefully we can do the whole onwards and upwards thing we enjoy so much. Sitting back and watching this play out it appears to be a Sh*t or get off the pot negotiation tactic. I guess time will tell if it plays out the way it was intended. I guess every 4 years we get to be the guinea pig for some sort of world economical experiment.
At least there was some green out there today and the general market index held up better. We will take that as a win for today no doubt about it.
The beatings will continue until morale improves....apparently. SP 500 4982 -1.57% NASDAQ 15267 -2.15% DOW 37645 -0.84%
Earnings start up again with the big banks I believe toward the end of the week and then others join in the following weeks. Obviously, the future guidance will probably be all about our current tariff situation. This may drown out many companies actual reports. If things were to stay in place, we could see some further damage down the road in later quarterly reporting. At this point, who knows?? This is an epic ****show playing out.
In other news, AAPL is getting it from all sides. They obviously have a big footprint in China. Their India play has backfired considering the tariff thing as well. And it appears MSFT has dethroned them as of today as the most valuable company. Although, anything could change in this environment. They are certainly in a spot with all of this going on.
