(08-07-2019, 10:19 AM)StroudCrowd1 Wrote:

(08-07-2019, 10:14 AM)HURRICANE!!! Wrote: Hope your stop-loss orders are working properly -- down 400+ right now.  I ended up moving to a 2010 plan which is only 50% bonds so I'm still incurring some market risk --- seemed like a good idea at that time i was making the change.  The cool thing is that if we minimize losses throughout the instability of China trade war and No Deal Brexit, we can go aggressive during the upturn as you know Trump will do everything possible to have the market in an upturn during the 2020 election year.  Word has it that China may try to ride this out until our election.

If you are younger and actively contributing to your investment account whether it be employer based 401(k) or other investment vehicle, you shouldn't even remotely panic. Routinely purchasing stock every 2 weeks is going to average out your cost basis over time anyway.

However, if you are retired, you are screwed.

J/K, but trying to time the market seldom works.

I agree with the don't panic philosophy but totally disagree with letting $$ disappear by leaving it in an aggressive 2040 account or whatever your scheduled retirement may be.  During a downward turn, cut your losses by moving it into a MIP II bond or 2010 account and then when the Dow bottoms out then move it back into an aggressive account to reap the benefits of the upturn.  It's petty much like having Apple stock at $200 --- if it's dropping, go bond and get a 2% profit, then buy Apple back at $170 and you get to profit again as it gets back up to $200.   I regret not using that 401k plan in 2007.  My idiot generation was taught to let everything sit.  We were also told too much transition from company to company was a bad thing --- gotta earn that pension boy.  Glad I didn't listen to that one at least.

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