Do you think the S&P 500 will continue trending up in a straight line?

[Anonymous]

there really isn't. implicit in your statement is a prediction that the market is "due" to correct. you are therefore timing the market.

[Anonymous]

if you had 100k in savings, ready to put in your children's 529 or similar (won't need for 15-18 years)...would you do it now, or leave in savings and wait for a correction?

[Anonymous]

Anonymous wrote:if you had 100k in savings, ready to put in your children's 529 or similar (won't need for 15-18 years)...would you do it now, or leave in savings and wait for a correction?

Wait for correction. I have $200K in 529 - my oldest is 8. I have moved it to a conservative blend earlier this year. I am not willing to take a correction where it will take 7 years to recover.

[Anonymous]

Anonymous wrote:

Anonymous wrote:if you had 100k in savings, ready to put in your children's 529 or similar (won't need for 15-18 years)...would you do it now, or leave in savings and wait for a correction?

Wait for correction. I have $200K in 529 - my oldest is 8. I have moved it to a conservative blend earlier this year. I am not willing to take a correction where it will take 7 years to recover.

This is one of the many draw backs of 529. There are some rare households that make good use of 529s but my sense from reading dcum and talking to people is that they are way more popular than they should be.

[Anonymous]

Totally agree. The only reason people use 529s is to get a tax break now. They're an awful way to save for college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:if you had 100k in savings, ready to put in your children's 529 or similar (won't need for 15-18 years)...would you do it now, or leave in savings and wait for a correction?

Wait for correction. I have $200K in 529 - my oldest is 8. I have moved it to a conservative blend earlier this year. I am not willing to take a correction where it will take 7 years to recover.

Since you're so confident, what kind of a correction will you require to invest in a less conservative blend? Is that correction based off of today's levels (e.g., 20% down from S&P 2000) or just some arbitrary peak to trough number you view as appropriate to 'correct' the incorrect market?

For every one of you clowns that gets this call right, there will be 20 that fail to earn what you would have with a consistent approach. There's a reason Harvard, Yale, and all the other big institutions set asset allocations that rarely change.

[Anonymous]

Fools! Does no one remember the fear in 2008 and 2009. I remember DW getting fired and myself barely holding on to a job and watching the market go down to almost 6000.

Dow Jones Industrial Average (DJIA) reaching a closing high of 14,164 on October 9, 2007.

The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.

[Anonymous]

I wasn't sure where to invest, but thankfully an anonymous person on DCUM advised me that the market will keep going up, and to stay away from 529s. Thanks, folks.

[Anonymous]

Anonymous wrote:Fools! Does no one remember the fear in 2008 and 2009. I remember DW getting fired and myself barely holding on to a job and watching the market go down to almost 6000.

Dow Jones Industrial Average (DJIA) reaching a closing high of 14,164 on October 9, 2007.

The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.

I will confidently predict that if we have another complete financial meltdown or a massive terrorist attack, as in 2008 and 2001' we will have a major dip. Otherwise, there will be a dip but unlikely to be anywhere near that magnitude and who knows when.

[Anonymous]

Anonymous wrote:Fools! Does no one remember the fear in 2008 and 2009. I remember DW getting fired and myself barely holding on to a job and watching the market go down to almost 6000.

Dow Jones Industrial Average (DJIA) reaching a closing high of 14,164 on October 9, 2007.

The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.

Doesn't really matter if you're not cashing in. You just ride it out with everyone else. And buy on the way back up.

[Anonymous]

Anonymous wrote:Fools! Does no one remember the fear in 2008 and 2009. I remember DW getting fired and myself barely holding on to a job and watching the market go down to almost 6000.

Dow Jones Industrial Average (DJIA) reaching a closing high of 14,164 on October 9, 2007.

The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.

What's your point? That we're on the cusp of another decline the magnitude of which has only been seen twice in 100 years? People like you (ie, those without any investment training) should either 1) not invest at all or 2) invest in a target date fund on a regular funding schedule and literally not look at financial news lest you let emotion influence rash decisions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:if you had 100k in savings, ready to put in your children's 529 or similar (won't need for 15-18 years)...would you do it now, or leave in savings and wait for a correction?

Wait for correction. I have $200K in 529 - my oldest is 8. I have moved it to a conservative blend earlier this year. I am not willing to take a correction where it will take 7 years to recover.

Since you're so confident, what kind of a correction will you require to invest in a less conservative blend? Is that correction based off of today's levels (e.g., 20% down from S&P 2000) or just some arbitrary peak to trough number you view as appropriate to 'correct' the incorrect market?

For every one of you clowns that gets this call right, there will be 20 that fail to earn what you would have with a consistent approach. There's a reason Harvard, Yale, and all the other big institutions set asset allocations that rarely change.

I am working with my financial advisor on a vaule based investment strategy. Right now there is data that the market is overvalued. When the indicators change I will adjust my investment mix.

[Anonymous]

Anonymous wrote:Totally agree. The only reason people use 529s is to get a tax break now. They're an awful way to save for college.

Why are 529's "an awful way to save for college"?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:if you had 100k in savings, ready to put in your children's 529 or similar (won't need for 15-18 years)...would you do it now, or leave in savings and wait for a correction?

Wait for correction. I have $200K in 529 - my oldest is 8. I have moved it to a conservative blend earlier this year. I am not willing to take a correction where it will take 7 years to recover.

This is one of the many draw backs of 529. There are some rare households that make good use of 529s but my sense from reading dcum and talking to people is that they are way more popular than they should be.

So what is considered making good use of a 529 vs poor use? Why do some people think they are way too popular?

[Anonymous]

Anonymous wrote:Fools! Does no one remember the fear in 2008 and 2009. I remember DW getting fired and myself barely holding on to a job and watching the market go down to almost 6000.

Dow Jones Industrial Average (DJIA) reaching a closing high of 14,164 on October 9, 2007.

The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high.

What a sale that was. Buy low.