Investing General Discussion

Cad

Sheriff Cad

scientia potentia est
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Kithani said:
I keep reminding myself that I left a lot of gold/plat in the bank with every MMO I ever quit… can’t take it with you
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You're totally right, but you don't get to be good with money by not worrying about it, and it's a very hard switch to turn off. I'm thinking that as the years go by when it isn't a concern at all, the worry will lessen.
 
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Furry

Furry

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I exited the market about an hour ago. Am I retarded paperhands, did I time the market? No idea. I was planning to weather it, but decided to roll the dice. I'm comically far ahead on retirement, so I'm doing it more to ensure my position stays very strong rather than any prediction on where the market goes.
 
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Gravel

Gravel

Mr. Poopybutthole
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Do you need the money in the next 6 months? Do you expect the market to be higher in the next year or two?

If no to the first, and yes to the second, why would you exit the market? Do you know something that everyone else doesn't? Otherwise you're gambling on maybe a few percentage point increase over a period that's likely to be 30+ years where you'd expect to be up hundreds of percent.

Trying to time the market using your retirement accounts is foolish.
 
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Borzak

Borzak

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I have always been extremely long on most of my stuff in the market. I have known a couple of people that just divested of most of their stuff and later got back in. Seemed like a big toll to play to try and time it right. I have a little that I take in and out and more "go with the flow' but it's a small part. Again I'm not investing smart.

Scary part is I had a similar discussion with someone recently that 100% of their holdings in the market were in one stock, the company they work for. Same age as me, 55. I make money from time to time on mineral rights, but have only a very small amount of oil/gas stocks outside of a S&P index fund. Same company as the one you work for seems like double super exposure.
 
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