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- Thread starter SoapyCy
- Start date
Who else is mad they bought some stock on Tuesday of this week and didn't wait until today? (raises hand)
At this point Im in no rush to fund the 529s for 2020. My buddy has already maxed out his 401k contribution for the year. I can see the sadness in his eyes.
Each round of pumping by the Fed makes the succeeding round less effective. At this point, $500 billion is a drop in the bucket. Plus, the recent interest rate cut smelled like panic. Market is going to do what it wants to do, and when it washes out, it will recover value from there.
I think that would be a mistake. A lot of the momentum is fear driven, and the 1/2% cut gave that fear some credence. Another cut would worsen that I think.
That’s the game though. Hold it now and more likely than not you’ll do just fine.
The only really danger is buying into a stock of a company that's carrying a ton of debt, as they may just decide to file bankruptcy and reorganize, using this as the reason.
very true. Hopefully he picked a battle hardened company or two.
Oh, for sure....I know it's a long game for most of this and acting on the first big dip (which got bigger) will still likely pay off in due time. I'm the type that always hopes the market dips on the day my auto invests happen each month, lol. (also, not near retirement age, so time is my friend)
All this talk about economic stimulus doesn't solve the root cause of the problem. The root cause is the country's poor response to this outbreak which is now causing companies to take actions that will reduce their productivity, and ultimately revenue, due to keeping people at home. Yeah, giving these companies a welfare check will ease their pain, but is only a band aide to the root cause, which is sick people.
My company contributed a decent sized chunk to our 401k on Valentine's Day. Yay.
I moved the first bit of my HSA (has always just been cash) into some funds. Not great choices but whatever.