08-24-2015, 09:36 AM
Guest
08-24-2015, 11:26 AM
Quote:Looks like the long awaited correction is here. Your favorite stock will be on sale next week!I never believed that we were heading for a full recovery for one second. The media, Wall Street, and Washington have been warned about an upcoming correction for some time now, but hey, ignorance is bliss right?
08-24-2015, 11:47 AM
Quote:Looks like the long awaited correction is here. Your favorite stock will be on sale next week!
I agree.
Tremendous opportunity to buy low again for a change.
08-24-2015, 01:20 PM
The correction was inevitable. What is the alternative really? Attempting to perfectly time the sell, paying short term/long term capital gains and getting boar-hogged on your 2015 taxes, and then buying back in at a slightly lower price just to pay capital gains when you sell again? There is some serious math to do there to see if it is even worth it, on top of luck.
My grandfather always said all you have to do to make money in the market is live long enough. Wise words.
My grandfather always said all you have to do to make money in the market is live long enough. Wise words.
08-24-2015, 02:06 PM
China's faltering economy has a lot to do with it unfortunately.
08-24-2015, 02:18 PM
As an outsider just seems like all the money people make they lose in these corrections then spend the next 8-10 years trying to gain it back.. I know the banks and 1% make money but does the average guy every really make anything or just hope to break even?
08-24-2015, 02:39 PM
Quote:As an outsider just seems like all the money people make they lose in these corrections then spend the next 8-10 years trying to gain it back.. I know the banks and 1% make money but does the average guy every really make anything or just hope to break even?
They do if they approach it correctly. If they are trying to buy the next hot stock so they can sell it at a higher price, they will probably be disappointed. If you are buying income producing (dividend paying) stocks, and are trying to establish an income stream for life, and reinvesting dividends, you will in the long run do very well.
08-24-2015, 03:42 PM
Quote:As an outsider just seems like all the money people make they lose in these corrections then spend the next 8-10 years trying to gain it back.. I know the banks and 1% make money but does the average guy every really make anything or just hope to break even?
It really depends on the goals of said "average guy". I know that my 401k will probably take somewhat of a hit right now, but over the long term I'll actually gain more.
Regarding investing as an income stream or to "get rich", it's not a real easy game. I've made some good money in stocks as an investment over the years, but when I started I went into it like I do going to a casino. I went in willing to lose the money that I was/am investing. I've certainly made my share of mistakes as well.
I finally did what I should have done a long time ago. I went to a financial adviser and came up with a plan that meets my goals.
08-24-2015, 04:18 PM
I've made a nice nest egg in the market. The key to timing the market is to diversify and take your time. The hall of fame of market timers is empty.
I do find it funny when all the pundits call a drop in the market as a "correction" though. Why is a market advance not a correction for an undervalued market? I don't know. Another thing is the media will call a drop in the market as a massive sell off but every sale requires a buyer. You can't just sell a security without a buyer.
Regards..................the Chiefjag
I do find it funny when all the pundits call a drop in the market as a "correction" though. Why is a market advance not a correction for an undervalued market? I don't know. Another thing is the media will call a drop in the market as a massive sell off but every sale requires a buyer. You can't just sell a security without a buyer.
Regards..................the Chiefjag