(08-07-2019, 10:14 AM)HURRICANE!!! Wrote:

(08-05-2019, 05:03 PM)jagibelieve Wrote: I wouldn't panic just yet, but being cautious isn't a bad thing.  I lost a good deal of profits today but I am still "in the green".  I have some stop-loss orders in place should the market fall anymore.

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.

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