Stocks and investments
- Thread starter Ludacris
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- finance investments money stock
Timing the market is a tough, tough deal. Even the folks who do it for a living don't get it right usually. Sometimes if you sell on the way down, you don't get your money back in on time to catch the upswing and it's too late. For us younger guys, we almost need the market to stay down for awhile so we can accumulate month after month on the cheap with the 401ks, brokerage accts, etc
Timing the market is a fool's game for the most part. Always buy, don't sell, hold on for a bumpy ride. Some of the wisest investors I know are the ones that put X dollars aside in one form or another to purchase every month/quarter/whatever.When the market is high you don't get as much for your $, but you get something. When the market drops you temporarily lose value and can buy more for your $. When the market rebounds you will regain most or more than you lost, plus your new stuff is out.
If you buy 20 shares today and the value drops tomorrow, you still have 20 shares. If you sell them you lose money. If you hold on and the price rebounds you have gained.
If you fear the market will never rebound, then moving 401K to cash is a good idea (well if it doesn't actually rebound). If it does rebound and you move back to other options to late you'll have lost money
Doesn't gold usually go up when the market is low, and down while the market rises. If you think the market will recover, you'd make more of a killing buying into cheap stocks. If you want to make a killing on gold, buy in when people have faith in the market and the prices are low, and sell the next time there's a market panic and people are looking to move into precious metals.
Bloomberg
Asian stocks slid to a two-year low as the selloff that has spread to almost every corner of the global equity market intensified, spurring demand for haven assets.
CNBC
China's benchmark Shanghai Composite index opened down as much as 5.2 percent to 3,321.4, even as authorities allowed pension funds managed by local governments to invest in the stock market for the first time over the weekend. The move could potentially channel hundreds of billions of yuan into the country's struggling equity market.
Asian stocks slid to a two-year low as the selloff that has spread to almost every corner of the global equity market intensified, spurring demand for haven assets.
CNBC
China's benchmark Shanghai Composite index opened down as much as 5.2 percent to 3,321.4, even as authorities allowed pension funds managed by local governments to invest in the stock market for the first time over the weekend. The move could potentially channel hundreds of billions of yuan into the country's struggling equity market.
Anything could happen, you have both side of professionals saying different things. Some say don't panic, just a temporary thing, and some say it's going to be different this time and get messier. I guess depends on who you believe. No one knows, only speculation, but one thing for sure, we have been riding a huge bubble for decades, not just years. We keep printing money to save ourselves.
Here is a good article to put things into perspective.
Putting Stock Market Crashes Into Perspective
Putting Stock Market Crashes Into Perspective