Dow @ 20K. Time to jump off!

POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
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JO753

Thursday, January 26, 2017 6:25 AM

Time for a bust, so if youv got alot in a 401k and stock in anything that generally followz the Dow number, time to cash out.

It's artificially hi and the walez know that Trump iz going to be like Bush on steroidz. The minit wun uv them starts selling, the little guyz will follow and then its a rase for the life boats.

My fee for this advise iz 10%, az usual. Uze Paypal, its fast & eazy.

6IXSTRINGJACK

Thursday, January 26, 2017 7:57 AM

Don't actually cash out your 401k though. You don't want to pay that early withdrawal penalty. Just put it in one of the safe investments.

And since it's all a crap shoot anyway and you might as well be gambling at Vegas, don't get mad at J0 if he was wrong and you lose out on some big gains. Chances are you were going to have it in there too long and lose them all whenever the next crash happens anyway. And it will eventually happen sooner or later.

Do Right, Be Right. :)

AURAPTOR

Thursday, January 26, 2017 8:00 AM

We were told that this would never happen under Trump.

We were also told he had no path to 270 either...

6IXSTRINGJACK

Thursday, January 26, 2017 7:32 PM

Wall Street did great under Obama.

It was Main Street who has had the longest slump of growth since the Great Depression.

Do Right, Be Right. :)

RIVERLOVE

Thursday, January 26, 2017 9:22 PM

The markets are up 10% since Trump was elected. It will likely go up another 10% before there's a correction. So now is still a good time to buy if you'd like to make 5%-10% on your money with ETFs in just a few months.

JEWELSTAITEFAN

Friday, January 27, 2017 5:16 AM

Quote:
Originally posted by 6IXSTRINGJACK:
Don't actually cash out your 401k though. You don't want to pay that early withdrawal penalty. Just put it in one of the safe investments.

And since it's all a crap shoot anyway and you might as well be gambling at Vegas, don't get mad at J0 if he was wrong and you lose out on some big gains. Chances are you were going to have it in there too long and lose them all whenever the next crash happens anyway. And it will eventually happen sooner or later.

Do Right, Be Right. :)

Thanks for pointing out to people that the slang is not the literally accurate statement.

"cashing out" of a high DOW means, in trading jargon, transferring your shares from a Stock-based mutual fund to a more cash-similar fund such as Government bonds or treasuries - preferably a fund which CANNOT lose money (technically, lose dollar value, even though it may in fact devalue slightly). And confirm that it is also a tax-deferred fund, to further avoid penalties.

6IXSTRINGJACK

Friday, January 27, 2017 10:24 PM

Hey... no problem.

It's been about 7 years since I had any of my money in the market, but I used to know the rules of the game. Did pretty well there myself, but I didn't see the crash coming in 2008. Luckily when our company was bought out in mid 2007 or so they froze all of our 401k accounts and took forever to transfer them over to the new provider. If that hadn't happened, I probably would have lost 30-50% of what I had in there and I wouldn't have been able to buy my house after I got laid off. Now the house has paid for itself, literally, in the rent I haven't had to pay in the last 5 1/2 years. :)

The market is not a place for me anymore. I walked away a winner.

Just felt the need to point out to people who might not know much about 401k and the market who are a bit panicky that what J0 meant was exactly as you said and not to actually turn it into cash.

Do Right, Be Right. :)

JEWELSTAITEFAN

Monday, March 20, 2017 2:44 AM

Quote:
Originally posted by JO753:
Time for a bust, so if youv got alot in a 401k and stock in anything that generally followz the Dow number, time to cash out.

It's artificially hi and the walez know that Trump iz going to be like Bush on steroidz. The minit wun uv them starts selling, the little guyz will follow and then its a rase for the life boats.

My fee for this advise iz 10%, az usual. Uze Paypal, its fast & eazy.

Obviously.
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.

6STRINGJOKER

Monday, March 20, 2017 2:48 AM

I made about $1,200 this month by not having a mortgage payment. I'm good.

JO753

Monday, March 20, 2017 4:40 PM

Quote:
Originally posted by JEWELSTAITEFAN:
We certainly wouldn't want anybody to see a gain of 5% of their worth in only a month, right?
Dow hit 21,169 at the beginning of March. About 5 weeks after this thread's OP.

I missed in fact, but not prinsipal.

How hi do you think it will go? Wut event are you keeping an eye out for that will presipitate a big drop?

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