WHO is pulling all of their money out of the stock market?

[Anonymous]

Anonymous wrote:We went in with a largeish sum when it went way down. I cant predict the bottom but wish I waited for yesterday's disaster.

All I know is the market is going up from this point until when half a million people die. How is this not common sense?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not messing with my 401k but pulled all my other investments our when Dow was at 26,000. This is going to get much worse before it gets better. Will probably put money back in in April or May when Dow will probably be down to 14,000 to 15,000. The markets aren’t going to go up when we have 10,000+ deaths from this, if not hundreds of thousands. I’m not riding the elevator all the way down to 0.

NYT story says new modeling shows hundreds of thousands of death is a best case scenario if everyone stays home for 3-4 months. Downside is 2.2 million deaths in US. This isn’t over by April or May by a long shot.

That said a chunk of my money is in the stock market because I intend to use it over the next 10-30 years so I am leaving that chunk there.

I think a good test is whether you are willing to lose half the money you have in the stock market in the short term. If not, consider a less risky investment

Why wouldn’t you pull out now and just reinvest later then? It makes no sense to just let your money depreciate when you could just buy way stocks for your money down the road. “Timing the market” is a phrase used for pretending you can predict the market’s reaction to unknown events in the future. We know there will be tens or hundreds of thousands deaths. Why would the markets go up when NYC turns into Wuhan?

NP. The market is down like 35% now. If you pulled out a few weeks ago, you got lucky. For everyone else, you just have to ride it out. The problems is that you think you know the direction of the market, which you don't.

[Anonymous]

We're buying!

[Anonymous]

My friend's entire 401k was government bonds for the last 5 years. He was convinced the market would drop.

He converted the entire portfolio to equities on Thursday night, after the big drop that day.

And then, yesterday happened. Doh.

You can't time the market. My friend missed out on 30% gains in 2019 and then bought during last Friday's dead cat bounce.

[Anonymous]

Anonymous wrote:We went in with a largeish sum when it went way down. I cant predict the bottom but wish I waited for yesterday's disaster.

Me too.

[Anonymous]

Anonymous wrote:My friend's entire 401k was government bonds for the last 5 years. He was convinced the market would drop.

He converted the entire portfolio to equities on Thursday night, after the big drop that day.

And then, yesterday happened. Doh.

You can't time the market. My friend missed out on 30% gains in 2019 and then bought during last Friday's dead cat bounce.

In the recent a mistake to move your TSP the night after a huge drop. There is almost always a big bounce the next day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Honestly, only idiots are pulling their money out. There is a boatload of evidence that shows that market timing is a losers strategy.

Now if you have a bunch of cash sitting around and you are willing to take a moderate amount of risk, it's hard to argue with buying stocks at a 40% discount (russell 2000).

There are a lot of idiots then with the market down as much as it is.
I wish I had more cash to invest in the next few months, but unfortunately we don't.

You ain't seen nothing yet. People who think they have the conviction to hold will sell. And sell. And sell.. until there are no sellers left. That's when I'm going in. Sitting on a ton of cash.

[Anonymous]

thought the title was about World Health Organization (WHO) and I thought... really? They hold equities?

[Anonymous]

Anonymous wrote:thought the title was about World Health Organization (WHO) and I thought... really? They hold equities?

Lol +1

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know a lot of people pulling out and will put it in again near the bottom.

Oh, yes, that’s a great strategy.

I think (and hope) that PP was joking.

[Anonymous]

Anonymous wrote:

Anonymous wrote:thought the title was about World Health Organization (WHO) and I thought... really? They hold equities?

Lol +1

Same here

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I know a lot of people pulling out and will put it in again near the bottom.

Oh, yes, that’s a great strategy.

I think (and hope) that PP was joking.

PP here. I'm not joking. I'm not doing that, but many people are. I know a lot of people who will buy at 18k or so.

[Anonymous]

I pulled everything out before this insanity began when China first started seeing cases.

[Anonymous]

Buy low

[Anonymous]

Lots of impatient people on here.

We haven’t hit bottom yet.

Wait.

Then buy.