Anyone investing now the Dow is down?
#12
The entire market is having a 50% off sale, why wouldn't you buy?
I went cash at Dow 10,500 and am starting to DCA back into a reallocated port. I wouldn't be surprised to see the Dow close below 7,000, but to realize any rebound it's like the lottery, you have to be in it to win.
I went cash at Dow 10,500 and am starting to DCA back into a reallocated port. I wouldn't be surprised to see the Dow close below 7,000, but to realize any rebound it's like the lottery, you have to be in it to win.
#13
Bracing for Fallacies
Thread Starter
Joined APC: Jul 2007
Position: In favor of good things, not in favor of bad things
Posts: 3,543
What does it mean to go "cash"? All I know is that I send money to the people who manage my Roth IRA, and yeah, it seems like the market is having a 50% sale and so I really ought to buy.
#14
The entire market is having a 50% off sale, why wouldn't you buy?
I went cash at Dow 10,500 and am starting to DCA back into a reallocated port. I wouldn't be surprised to see the Dow close below 7,000, but to realize any rebound it's like the lottery, you have to be in it to win.
I went cash at Dow 10,500 and am starting to DCA back into a reallocated port. I wouldn't be surprised to see the Dow close below 7,000, but to realize any rebound it's like the lottery, you have to be in it to win.
Maybe you don't buy because you think you can do better somewhere else.
WW
#16
I continue to fund my 401K as I have in the past. I have no idea where the market is going, but I still have 23 years (thank you age 65) to go until retirement. I think that the US and the world economies will survive. I just don't have a clue how long it will take for things to improve.
#17
Line Holder
Joined APC: Jul 2007
Posts: 25
Why in 2010 or 12? Why does everyone say next month, next year, or two years? What is your reasons? Sheer optimism? Really, Id like to know what evidence exists that the economy will get better during a certain time period.
#18
Gets Weekends Off
Joined APC: Feb 2007
Posts: 440
A recent article in Air Cargo World predicted air commerce worldwide to be on the increase around 2011, and that agrees with a couple of other articles in different periodicals that have been written. Not betting the farm on it, but since they are doing the predictions and I'm not, then I am assuming they are somewhat in the know. I can only guess.
Also, a surplus. An economist recently stated that one reason (of many) for a recession is a surplus of goods. In other words, we collectively made too much stuff and don't need to make as much of it anymore. When the widget market has more supply than demand, everyone begins to feel the trickle down effect as production is scaled back. It very well could take 2 to 3 years before supplies decrease to levels which would necessitate increased manufacturing. With that, more jobs in the factories, at the suppliers shops, the commerce sector and of course, your local store.
The big wild card (in my opinion) is taxes. If they go up and/or new ones are created then I believe the recession will end later than sooner. Cut taxes and truly stimulate the economy and I believe the economy will recover sooner than later.
#19
Stay disciplined, leave it in and keep investing, reinvesting cap gains and dividends - dollar cost averaging will take care of you in the end and you'll beat 95% of the daytraders who think they can call the market.
#20
Bracing for Fallacies
Thread Starter
Joined APC: Jul 2007
Position: In favor of good things, not in favor of bad things
Posts: 3,543
Just put in $750
I just added 750 to my ROTH two days ago, and it bought 46 shares in one of my investment funds. Compare that to $1500 I put in four years ago to buy 49 shares of the same fund. Seems like a good time to put in any extra money you have squirrelled away...
Thought I should update you all, best,
block30
Thought I should update you all, best,
block30
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