The Dow takes a dump....Down -900+ On Jobs report

[Harpy Eagle]

Dow drops 1,000 points, Nasdaq craters 6%

yep, some great bargains out there right now, this is why you always keep a cash reserve

 

[Weatherman2020]

yep, some great bargains out there right now, this is why you always keep a cash reserve

People are losing hundreds of billions in retirement savings.

Lets go Brandon!

 

[Flopper]

The stockmarket will take a big hit under Democrats.

Historical markets performed better under democrats. However, I think that is mostly coincident. Politics is not the driving force behind the market or the economy.

 

[Harpy Eagle]

People are losing hundreds of billions in retirement savings.

Lets go Brandon!

as long as they do not need them right now they will be fine

and if they do and they left them all in the market that is on them.

 

[Flopper]

People are losing hundreds of billions in retirement savings.

Lets go Brandon!

You never lose money or make money in the market unless sell.

 

[Flopper]

yep, some great bargains out there right now, this is why you always keep a cash reserve

By the time most investors decide to take advantage of the market falls it’s up thousands of points. For investors, cash reserves should be for emergencies. Investment funds should stay invested.
Holding funds in cash reserves to take advantage of opportunities is a speculator strategy.

 

[Blaster]

 

[Harpy Eagle]

By the time most investors decide to take advantage of the market falls it’s up thousands of points. For investors, cash reserves should be for emergencies. Investment funds should stay invested.
Holding funds in cash reserves to take advantage of opportunities is a speculator strategy.

I keep a cash reserve so if my financial guy finds something I want to pull the trigger on he does not have to sell something else

 

[Lisa558]

By the time most investors decide to take advantage of the market falls it’s up thousands of points. For investors, cash reserves should be for emergencies. Investment funds should stay invested.
Holding funds in cash reserves to take advantage of opportunities is a speculator strategy.

I say that that if the Biden policies have caught up and we now see the result, meaning some short-term pain as stock values plummet, it’s good in that it will help us remove the O’Puppet Regime from power. The stocks will come back up once Trump gets in.

Up until now, the only people paying the price for Biden policies were the working and middle classes - struggling to buy groceries and gas. Now that stocks are coming down, the Elites, comfortable in their Lilly-white gated communities, aren’t happy as they watch their portfolios evaporate.

 

[odanny]

I just checked my retirement account and I'm currently down 1.05%, I don't know whether to sell off everything or try and ride it out.

 

[Lisa558]

I just checked my retirement account and I'm currently down 1.05%, I don't know whether to sell off everything or try and ride it out.

You mean from the start of the year, or for today?

And remember….this decline is likely to continue. There’s no free lunch, and we are feeling the effect of O’Biden’s policies.

 

[odanny]

You mean from the start of the year, or for today?

And remember….this decline is likely to continue. There’s no free lunch, and we are feeling the effect of O’Biden’s policies.

I'm down 1.05% from the start of the year. The most I've been up this year is only 3-4%, I've usually hovered around being up 1 to 2%.

Should I hit the eject button, sell off everything, and buy gold? Is this the end?

 

[Winco]

The Dow fell 857 points, or 2.1%, Friday morning. The S&P 500 lost 2.5% and the Nasdaq Composite declined 3%.

Yup
And on paper only, I LOST value of just under 20k

Am I at risk of losing the remaining $800,000 ?

How will I survive ?
Since I don’t USE or NEED that paper value right now, and I live well beyond paycheck to paycheck

I guess I have to resort to feeling bad for all you trump boot lickers that can’t make ends meet.

Boo Hoo to you

I still support using my tax $$$$ to help those truly in need.
But certainly I don’t support you whiny shit stains.

 

[Lisa558]

I'm down 1.05% from the start of the year. The most I've been up this year is only 3-4%, I've usually hovered around being up 1 to 2%.

Should I hit the eject button, sell off everything, and buy gold? Is this the end?

Oh, that’s not the best investing record. We were way up the first few months of this year, and even with this decline of the last few days, I’m up about 8% overall.

I’m not sure if you’re being sarcastic, but I’ll assume you are honestly looking for help. There are some good research tools out there - I use Fidelity - to pick good mutual funds, and that analyze the risk, expense, future outlook, etc.

If you don’t feel comfortable selecting an appropriate mix of funds - a mix of asset classes, and sectors, and some conservative holdings like bonds, and a couple of individual stocks too - you might want to book an appointment with a financial planner.

Are you near retirement?

 

[Weatherman2020]

Oh, that’s not the best investing record. We were way up the first few months of this year, and even with this decline of the last few days, I’m up about 8% overall.

I’m not sure if you’re being sarcastic, but I’ll assume you are honestly looking for help. There are some good research tools out there - I use Fidelity - to pick good mutual funds, and that analyze the risk, expense, future outlook, etc.

If you don’t feel comfortable selecting an appropriate mix of funds - a mix of asset classes, and sectors, and some conservative holdings like bond - you might want to book an appointment with a financial planner.

Are you near retirement?

I saw this coming and put most of my savings in bonds and cash.

 

[skye]

Ain't that the truth!

 

[Lisa558]

I saw this coming and put most of my savings in bonds and cash.

I did ya one better! When the market was “toppy” just a couple of months ago - and with interest rates still at a decades-long high - I sold out a good chunk and bought a Single Premium Immediate Annuity.

It returns 8% of year, for the rest of my life (Dad passed at 94, May he RIP, and Mom is still going strong at 95), and I figured it so that the monthly payment plus my guaranteed SS payment - cover all my basic living expenses.

This way, when we hit a bump, I won’t need to sell stocks at a low for my living expenses. I can make do with the annuity and SS payments until things resume their upward climb - and they always do.

 

[skye]

 

[Flopper]

I say that that if the Biden policies have caught up and we now see the result, meaning some short-term pain as stock values plummet, it’s good in that it will help us remove the O’Puppet Regime from power. The stocks will come back up once Trump gets in.

Up until now, the only people paying the price for Biden policies were the working and middle classes - struggling to buy groceries and gas. Now that stocks are coming down, the Elites, comfortable in their Lilly-white gated communities, aren’t happy as they watch their portfolios evaporate.

Presidents generally don’t have that much effect on the economy. Since the economy is always a hot button with voters each side Will try to convince you that a vote for their candidate will bring great prosperity to the nation and a vote for the opposition will destroy the nation. Actions of the Federal Reserve has far more impact on the economy than the president.

 

[Faun]

You mean from the start of the year, or for today?

And remember….this decline is likely to continue. There’s no free lunch, and we are feeling the effect of O’Biden’s policies.

Rooting against America, ya anti-American loser?

Much to your chagrin, futures are up...