I refuse to look.. 401 managers act like rookie investors. They sell when the market has dropped and buy after it comes back
Got lucky - or was momentary stock genius. Didn't like the look of things 6 weeks ago and sold 80% of stock holdings and stuck it in cash. Slowly creeping back in now. AMZN was my first buy.
You did good! My 401: Got out on February 26th at DJI 27,000 - 100% went to the Guaranteed Income Fund. My other investments: Got out between Feb 26th and March 10th - am 95% cash now. For a rebound, the virus issue will have to be concluded, and it will still be a slow rebound. I'm not in a great rush to get back in, more losses may be coming... waiting to see what happens.
For some reason I took my 2020 RMD the minute the Dow hit 29,000. I now do not have to touch those investments for 20 months. Exposure to stocks 10%, lots of bonds which will return first. I am hit, but not that hard that I will be eating ALPO. Reflecting back, my 401 has nearly doubled in 6 years, a bit of a correction is fine. Working on getting my wife to like squirrel jerky.
It is best not to look at it, that can only depress you. In fact, buy more right now while it is low. The stock market always comes back. I have a feeling it will not only come back but roar back.
If the stimulus passes in a reasonable, practical form and not ideological form, and congress continues in reasonable form, yes, the virus also shall pass, and people will go back to work and all things will rapidly improve. I question whether some in congress want that, however.
Some listed companies may not survive this downturn, if they are among your 401K investments, you may never see it go back to where it was before the downturn.
Everything will be fine when everyone quits freaking out Or it won't and we find out anmo was a better investment.
My wife is doing good. She put some hand sanitizer in her IRA back in January and just last week she added some toilet paper. I didn't know she had that saved. I guess it's a girl thing.
depends if we go into a recession and because the fed has no tools left we go into a depression or not
not good DOW Obama took office : 13,649.70 (and was on it's way down fast, fell to 7,949.09 before Obama could reverse the Bush trend) Obama left offcie : 19,827.00 Trump today : 18,591.93 personally.. I think the market was over-valued and the people knew it, so i do not think it will be getting back up to 26,000 anytime soon, the bubble has popped
Since we are playing the blame game, I'll say this was all caused by Democrats overreacting to the situation and scareing everyone. They wanted Trump sunk for November and attacking the economy was the only way to do it.
I'm not going to look. I anticipate we've lost 35%. If we get the all clear soon, I think pent up demand will cause the market to come roaring back very quickly. But will we get an all clear. Not according to this guy:
