Anonymous
03/17/2020 08:17
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:If you didn’t do it in February then just leave it alone b
Yep. And the number of people who think they know where the market is going is just ridiculous. Even economists and bankers have no idea, but joe schlepo on the internet of course knows
So you think the markets are going to go up the more people die from this? Every hundred thousand US deaths is going to make the Dow go up
1,000 points? LOL.
Anonymous
03/17/2020 08:17
Subject: WHO is pulling all of their money out of the stock market?
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.
Anonymous
03/17/2020 08:15
Subject: Re:WHO is pulling all of their money out of the stock market?
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?
Anonymous
03/17/2020 08:13
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:If you didn’t do it in February then just leave it alone b
Yep. And the number of people who think they know where the market is going is just ridiculous. Even economists and bankers have no idea, but joe schlepo on the internet of course knows
Anonymous
03/17/2020 08:09
Subject: Re:WHO is pulling all of their money out of the stock market?
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
Anonymous
03/17/2020 08:04
Subject: WHO is pulling all of their money out of the stock market?
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.
Anonymous
03/17/2020 08:03
Subject: WHO is pulling all of their money out of the stock market?
If you didn’t do it in February then just leave it alone b
Anonymous
03/17/2020 08:02
Subject: Re:WHO is pulling all of their money out of the stock market?
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.
Good luck. Market timing is a proven mega fail strategy.
Anonymous
03/17/2020 08:02
Subject: WHO is pulling all of their money out of the stock market?
I know a lot of people pulling out and will put it in again near the bottom.
Anonymous
03/17/2020 07:59
Subject: Re:WHO is pulling all of their money out of the stock market?
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.
Anonymous
03/17/2020 04:32
Subject: Re:WHO is pulling all of their money out of the stock market?
It shouldn’t be any long term individual people like DCUM readers. My understanding is that drops like this are caused by big institutions with short term cash obligations or debt.
Anonymous
03/17/2020 04:09
Subject: Re:WHO is pulling all of their money out of the stock market?
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.
Anonymous
03/17/2020 03:22
Subject: WHO is pulling all of their money out of the stock market?
People who lose money in the stock market are those who are are motivated by greed or fear. Right now, to pull out of the market will be driven by fear. I am in my 50s. I won't be doing that at all.
Anonymous
03/17/2020 03:18
Subject: Re:WHO is pulling all of their money out of the stock market?
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).
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).
Anonymous
03/17/2020 02:58
Subject: WHO is pulling all of their money out of the stock market?
I cannot look at my 401k. Why are you pulling your money out????????