2018 Stock Prediction
- Thread starter dmclone
- Start date
No I don’t necessarily pick a specific spot. I might miss twice in the bottom but I know that I’m still getting a good deal. We’re still in the roller coaster phase there’s a long way to go before I start making major moves unless something I really like starts getting killed.
Edit: and too be clear I didn’t make the moves based on where the DJIA was...that just happened to be what it was at when I made the moves. The DJIA is just a marker for me.
If your parents are anywhere near retirement they shouldn’t have much if any exposure to investments that could suffer large losses in a market downturn. Get them out and in to safety.
After working in the financial industry for the last 25 years, I love to hear how people invest.
I actually had a co worker this week tell me that he sold out company stuck when it was in the 70's and then when it hit single digits he put his whole 401k in company stock . It would have been a great story but for some reason he forgets that I was working with him back in 2007/2008 and know he's making it up .
I actually had a co worker this week tell me that he sold out company stuck when it was in the 70's and then when it hit single digits he put his whole 401k in company stock . It would have been a great story but for some reason he forgets that I was working with him back in 2007/2008 and know he's making it up .
Even if he wasn't lying and it worked that's still a dumb move. Anyone in the business would know that. Way too much risk unless maybe he was 22.
I know a handful of people that did this with WFC and PFG back in the day when both were in the single digits. Pure craziness but worked out for them.
Here's a hint. Any stock that has gone from $70 to $7 has a greatly increased risk of going bankrupt. Especially if they are leveraged and banks are by their very business model. Sure they may survive 3 out of 4 times but man I'm pretty risk tolerant and that is foolish. Especially if you work there because you could lose your job and all your retirement. Good job, Einsteins.
You are radically under qualified to say what you just said. Doctors don’t diagnose patients if they don’t know the patient. Running your financial planning insights on someone you don’t know is moronic. Furthermore; I am 100% certain the financial company your work for concurs.
I entered the job market 2.5 years ago and at that point I just could not bring myself to invest any after tax dollars into the market... it just felt too expensive. Instead i’ve been maxing the 401K, and putting all my after tax retirement money into a cash position. Also, decided to start an HSA next calendar year and max it out, since the tax benefits are just too nice to pass on them.
I really hate trying to time the market, and can’t believe I’m kind of doing it myself... anyway like someone said, I don’t need to time it perfectly. I’m waiting for it to get low enough from the peak (~25-30% downturn), then I’ll split my cash position in 12+ month sums and invest it back in with my monthly retirement amount.
Hopefully it works well for me, but if it explodes on my face ’m still young enough to recover.
I really hate trying to time the market, and can’t believe I’m kind of doing it myself... anyway like someone said, I don’t need to time it perfectly. I’m waiting for it to get low enough from the peak (~25-30% downturn), then I’ll split my cash position in 12+ month sums and invest it back in with my monthly retirement amount.
Hopefully it works well for me, but if it explodes on my face ’m still young enough to recover.
25-30% downturn from the peak is a very large move from an overall market standpoint, like recession/depression type move. I'd look more in the 10-15% range. You can probably find 25-30% types moves in individual stocks though.
That’s not even a hot take. As you get closer to retirement then you should be progressively less aggressive to the point where you are no longer aggressive. Unless of course you have money to burn which is not what the poster insinuated by their “worry” for their parents.
Do you live in bizarro world? What is your high level reco for his parents?
I agree. However, that’s where I think we are headed in the near future. Another option would be to go in at that 10-15% range, but spread out my cash position over a larger time frame.
What is this - Boiler Room?
Between you and Argent, I'm not sure who's least qualified to be giving random investment advice...
Would be dope if the market hit a year low the day my bonus gets deposited...
Meh moving into conservative investments as you get closer to retirement is for the weak. Inflation will kill those that follow the other sheep in the “you have to be more conservative towards retirement crowd.”
I’ve been systematically investing about 10% of my take home each month into VWNFX and VUVLX and also adding a decently large lump sum each day it’s down over 1% on the day.
It’s worked well in the fact that it keeps me putting in a small amount systematically and also taking advantage of dips with the lump sum contributions.
This is non-retirement money. Vanguard prime money market is also a good place to park short term money with little/no risk.
It’s worked well in the fact that it keeps me putting in a small amount systematically and also taking advantage of dips with the lump sum contributions.
This is non-retirement money. Vanguard prime money market is also a good place to park short term money with little/no risk.
What is their net Worth? Do they have defined bemfits? What are their monthly needs? Do they have estate matters? Before you pontificate know your client. Did they retire young? Will they have to hedge inflation with equity exposure? Interest rates are heading up in bond funds are they are they aware can lose value. I encourage you to run into the cco’s Office tomorrow tell them you are holding yourself out as one that knows and are giving advice online. Stupid.
You literally are violating almost every bit of online compliant behavior, and giving advice to people you don’t know. Moron.