Kenetrek Boots

Anybody Buying Yet? Where’s the Bottom?

No movement, I'm like a deer in headlights, scary times for sure....... I'm at the tail end of my career & my 401k just dropped almost 10K yesterday, most likely to drop even more today, I was hoping to retire in 1-2yrs, but many others hopes are dashed as well.
At least i have a good job to gripe about.
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My wife was smart and moved all my 401K into a very conservative fund prior to all this crazy crap. She kept my allocations the same just moved my current holdings. We figure she saved us a ton of money. I keep saying it’s my retirement boat money but she simply roles her eyes. There is a really good reason she is our CFO!
 
We figure she saved us a ton of money.

Could be, but there is no way to know that until you/she buys back in (unless you’re not planning to). That’s called ‘timing the market,’ and it’s tough to time things right twice.

A lot of people did the same thing when stocks tanked at the beginning of Covid- they lost their ass when they missed the sharp swing up shortly thereafter.

Ridin’ the storm out…
 
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I think there will be a bounce back in the morning but I could be wrong. I think there will be some improvement throughout the day.

I generally never try to time the market but this makes me want to throw some play money at it.
I was wishing you were going to be right, but the opening bell has started another blood bath
 
Guess I'm glad I didn't buy TQQQ yesterday. Not looking like much of a bounce this morning anyway. Need to find some crow to eat.

Starting the process of moving money into my backdoor Roth IRA, looks like I don't have to rush too much.
If you are going to move standard IRA into Roth, these are the times to do this for sure! I think it's going to get worse before it get's better though. Seems like nations need to hurt before any perceived deals will be made in the trade war.
 
you know it’s bad when those boring dividen payers are looking sexy. Talking to you, proctor and gamble, Colgate Palmolive, General Mills?
 
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