General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJohnny2X2X
(19,066 posts)Makes no sense, but it rarely does. We're at the start of a Depression and it's going up based on fake news of a vaccine being close.
I'm 20% stocks 80% bonds and cash, I'll got back in strong when I see a DOW approach 16,000, which it surely will in the next 18 months IMO.
agingdem
(7,850 posts)I'm a 71 year old widow...my retirement is in the market as are a lot of seniors...I want it to go up...I need it to go up...
Walleye
(31,028 posts)Johnny2X2X
(19,066 posts)If you're 71 years old, your financial adviser should have had you very short on equities a decade ago.
You should have been at a 30-70 mix before all of this started, 30% stocks, 70% bonds. And the changes would probably put you at 20-80 right now.
If you're sitting at 30-70 right now, you can literally root for the stock market to go down knowing that will push up your bond investments.
For your sake, I'm hoping you just don't know that some of the funds you might be in right now are mostly filled with securities.
empedocles
(15,751 posts)riverbendviewgal
(4,253 posts)I was told that after my husband died. I was 54.
when I was 65 I got off stocks completely.
I am comfortable. I also have my pensions from my union jobs.
I realize all people are not as fortunate.
To me the stock market is a casino. I never thought myself rich enough to gamble. When I go to the casino with my friends $20 is my limit.
I made money from the houses I lived in.
Johnny2X2X
(19,066 posts)70 years old should be 30% stocks, 70% bonds. 50 years old should be 50-50. This is what you should aim to re-balance to.
DOW at over 25K, investors could re-balance now and protect themselves from the further crash. But if you're retired, always have a financial advisor whose ideas you know and understand. Listen to them.
agingdem
(7,850 posts)when everyone was losing money during the recession (the last one) I made money..I have a mix.. heavier in bonds.....when I first started investing I was in it for the long run...didn't freak with every dip...my long run has gotten a whole lot shorter and I'm doing fine...
Johnny2X2X
(19,066 posts)So your retirement isn't in the market as much as it's in bonds right now. That's where you want to be.
In fact, right now, if the markets go down, my portfolio does better than if the markets go up.
uponit7771
(90,347 posts)... position right now but I still agree, we're hitting some new lows after 3rd quarter looks bad and 4th will look even worse relative to what Trump is saying.
We'll see a "spike" in GDP of 30% from the bottom of 40% ... so what's that, 12% increase?
FAANG is pushing all indexes as people pile into them
Squinch
(50,955 posts)global1
(25,253 posts)It's like a pattern. Also - by tomorrow the 100,000 death toll may sink in and that can be the cause of the dip. We'll see. Anyway - given our dire situation in this country - with deaths, high unemployment numbers and no vaccine for the foreseeable future - the market can't sustain the rise.
Yavin4
(35,442 posts)Massive unemployment, a mis-handled response to the pandemic, and lack of leadership should have the markets down. What's going on is pure speculation and propping up the markets to support Trump and the Republicans so that tax rates stay down.
Politicub
(12,165 posts)With more than 15 percent unemployment and the virus still raging, many people are struggling. It seems that the investor class is doing just fine, though.
The well-off are basically saying, "let them eat cake."
Chainfire
(17,550 posts)I just checked, and it is all still there.
You see, Trump is already making America Great Again......
When he is through with the Corona Virus numbers, the health of the American people will also be great again.
Chainfire
(17,550 posts)This virus stuff is over.......