Baz Ares
Gold Member
- Feb 2, 2017
- 10,970
- 1,091
- 260
- Thread starter
- Banned
- #21
Market corrections happen. Just how bad will this fall? Over this year. If it goes back toLet’s start a pool to see how long or many posts it takes for one of the Trumpets to blame Obama.
Market correction so far, nothing more.
I just hope the lull lasts until April, when my company matches my 401k contributions. Getting shares at a discount would be sweet.
Obama staring point. It tells us somethang about this MAGA BS Scam at least.
I see no new market drive bubble scam like the mortgage mess. Or tech/ dot com here.
I questioned the run-up from 6800-20K by Obama. in 6 years, Way overvalued now.
From reviews on rational stock market growth pattern history. by some good 35% at least.
I would really hate to see after Dubya's and Obama's runs, see the value of 401k's
back to where the values were when Dubya started in 2001. FFS!
If you are old enough where a serious drop would screw you over your portfolio should be mostly in low risk/volatility items anyway.
I'm 42 and 95% of my funds are stock funds which seek capital increases, so I could get crushed by a market drop.
However I also know that as long as we don't see the end of the market as we know it, it will bounce back, and while dropped I will get shares at a discount.
I've been through my 401k being $150 or so and losing $20-$30k, at $330K as it is now, I won't be worried until it drops $60k.
At this point for people with less than 1M. If can. As I would park 60% plus of stock funds/value, that is not profits, that is not taxable by IRS. Even more for the people in the 3M range. Past this point, you're in another whole different ball game.
For a nice buy return later on. I really see the DOW going back down this year, most likely over the coming six months. Even 3500 points down can turn into
at great buy gain with the parked 60%.