Real World Event Discussions
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 67 of 119
Tuesday, September 25, 2018 7:21 AM
Dow closed today at 26,562. This palindromic Close is the 4th highest in history.
S&P 500 closed at 2,919. This is the 4th highest close in history.
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Tuesday, September 25, 2018 1:29 PM
Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed today at 26,656. This is a new Record All-Time High. The first since 26 January.
S&P500 closed at 2,930. This is a new Record All-Time High.
NASDAQ closed at 8,028. This is the 5th highest close, the other 4 posting in the past Month.
For those striving to lose money during the easiest, most predictable portion of the Market cycle, your time has passed. It is too late to sell at the low prices of the past 8 months. If you sold out of the Market today you would have attained the highest price in history, completely foiling the plans to lose money like the contributors to this thread.
If you were able to sell out at lower prices during the past 8 months, you can now buy at the highest price ever, thereby solidifying your losses.
Only last week some were encouraging you to lose money by proclaiming that there was NOWHERE ELSE TO GO BUT DOWN, although the Market has gone nowhere but up since those predictions.
You sound to me just like those people who told me that I was foolishly wasting my money on rent and that buying a house (at all time high prices) was the best investment anyone could make. Those that didn't outright lose their houses are to this day paying off a much larger monthly mortgage payment than they would have if they had waited for the crash.
I'll start putting money in to a 401k soon since I get a 100% match on 5% after one year. My immediate 100% return will sit there in the least aggressive account possible and I should have a big lump sum to throw in there after the DOW crashes.
Do Right, Be Right. :)
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Wednesday, September 26, 2018 6:17 AM
Dow closed today at 26,492. This is the 5th highest close in history.
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Sunday, September 30, 2018 11:37 AM
Dow closed Friday at 26,458. This is the 6th highest in history.
Next week CBO releases monthly Budget update on 5 Oct, and BLS releases Unemployment Report on 7 Oct.
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Sunday, September 30, 2018 11:40 AM
Quote:If that is what it sounds like, you are not hearing very well.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed today at 26,656. This is a new Record All-Time High. The first since 26 January.
S&P500 closed at 2,930. This is a new Record All-Time High.
NASDAQ closed at 8,028. This is the 5th highest close, the other 4 posting in the past Month.
For those striving to lose money during the easiest, most predictable portion of the Market cycle, your time has passed. It is too late to sell at the low prices of the past 8 months. If you sold out of the Market today you would have attained the highest price in history, completely foiling the plans to lose money like the contributors to this thread.
If you were able to sell out at lower prices during the past 8 months, you can now buy at the highest price ever, thereby solidifying your losses.
Only last week some were encouraging you to lose money by proclaiming that there was NOWHERE ELSE TO GO BUT DOWN, although the Market has gone nowhere but up since those predictions.
You sound to me just like those people who told me that I was foolishly wasting my money on rent and that buying a house (at all time high prices) was the best investment anyone could make. Those that didn't outright lose their houses are to this day paying off a much larger monthly mortgage payment than they would have if they had waited for the crash.
I'll start putting money in to a 401k soon since I get a 100% match on 5% after one year. My immediate 100% return will sit there in the least aggressive account possible and I should have a big lump sum to throw in there after the DOW crashes.
Do Right, Be Right. :)
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Sunday, September 30, 2018 5:32 PM
Quote:
Originally posted by JEWELSTAITEFAN:
If that is what it sounds like, you are not hearing very well.
I can't wait. One more month and I get to start putting some money in there and getting that 5% match. Hell... I might even start maxing out my contributions regardless and just let it sit in what would essentially be a 2nd checking account until the market crashes and I can buy at the bottom.
Do Right, Be Right. :)
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Monday, October 1, 2018 1:27 AM
Quote:Are you doing Tax Deferred? You will want to evaluate which funds in your investment family drop with the Market, and which do less so. You want to know this from evaluation before any drop happens, not during or after. Some investment families do not allow any diversity, so there is no point in using those families.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
If that is what it sounds like, you are not hearing very well.
I can't wait. One more month and I get to start putting some money in there and getting that 5% match. Hell... I might even start maxing out my contributions regardless and just let it sit in what would essentially be a 2nd checking account until the market crashes and I can buy at the bottom.
Do Right, Be Right. :)
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Monday, October 1, 2018 6:51 AM
Quote:
Originally posted by JEWELSTAITEFAN:Quote:Are you doing Tax Deferred? You will want to evaluate which funds in your investment family drop with the Market, and which do less so. You want to know this from evaluation before any drop happens, not during or after. Some investment families do not allow any diversity, so there is no point in using those families.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
If that is what it sounds like, you are not hearing very well.
I can't wait. One more month and I get to start putting some money in there and getting that 5% match. Hell... I might even start maxing out my contributions regardless and just let it sit in what would essentially be a 2nd checking account until the market crashes and I can buy at the bottom.
Do Right, Be Right. :)
I believe that my only option will be tax deferred.
I haven't looked at what options are available to me in the company's 401k plan. I'm sure they can vary pretty wildly from company to company. Where i used to work they had 3 or 4 levels of investment, varying from pretty mild to very aggressive. But they also had another option which was essentially a money market account that bared almost 0% interest. This was the fund that we were forced into after the company buyout only months before the stock market crash that saved me from losing my ass right before I got laid off.
I'm hoping my company has a fund like that where I can let this sit until the market crashes again. It's too late for me to buy in now.
Do Right, Be Right. :)
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Monday, October 1, 2018 8:39 AM
Quote:This would be great, but you should not assume it to be the case. One place I recently worked had the Union get rid of these runds, ensuring that every employee would lose money from their Retirement Funds, regardless of which fund you chose.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:Are you doing Tax Deferred? You will want to evaluate which funds in your investment family drop with the Market, and which do less so. You want to know this from evaluation before any drop happens, not during or after. Some investment families do not allow any diversity, so there is no point in using those families.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
If that is what it sounds like, you are not hearing very well.
I can't wait. One more month and I get to start putting some money in there and getting that 5% match. Hell... I might even start maxing out my contributions regardless and just let it sit in what would essentially be a 2nd checking account until the market crashes and I can buy at the bottom.
Do Right, Be Right. :)
I believe that my only option will be tax deferred.
I haven't looked at what options are available to me in the company's 401k plan. I'm sure they can vary pretty wildly from company to company. Where i used to work they had 3 or 4 levels of investment, varying from pretty mild to very aggressive. But they also had another option which was essentially a money market account that bared almost 0% interest. This was the fund that we were forced into after the company buyout only months before the stock market crash that saved me from losing my ass right before I got laid off.
I'm hoping my company has a fund like that where I can let this sit until the market crashes again. It's too late for me to buy in now.
Do Right, Be Right. :)
BTW, Tax Deferred is best, unless you are wealthy or have some similar unusual situation.
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Monday, October 1, 2018 5:33 PM
Quote:
Originally posted by JEWELSTAITEFAN:Quote:This would be great, but you should not assume it to be the case. One place I recently worked had the Union get rid of these runds, ensuring that every employee would lose money from their Retirement Funds, regardless of which fund you chose.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:Quote:Are you doing Tax Deferred? You will want to evaluate which funds in your investment family drop with the Market, and which do less so. You want to know this from evaluation before any drop happens, not during or after. Some investment families do not allow any diversity, so there is no point in using those families.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by JEWELSTAITEFAN:
If that is what it sounds like, you are not hearing very well.
I can't wait. One more month and I get to start putting some money in there and getting that 5% match. Hell... I might even start maxing out my contributions regardless and just let it sit in what would essentially be a 2nd checking account until the market crashes and I can buy at the bottom.
Do Right, Be Right. :)
I believe that my only option will be tax deferred.
I haven't looked at what options are available to me in the company's 401k plan. I'm sure they can vary pretty wildly from company to company. Where i used to work they had 3 or 4 levels of investment, varying from pretty mild to very aggressive. But they also had another option which was essentially a money market account that bared almost 0% interest. This was the fund that we were forced into after the company buyout only months before the stock market crash that saved me from losing my ass right before I got laid off.
I'm hoping my company has a fund like that where I can let this sit until the market crashes again. It's too late for me to buy in now.
Do Right, Be Right. :)
BTW, Tax Deferred is best, unless you are wealthy or have some similar unusual situation.
I don't assume anything when it comes to my money. :)
I can't really say anything about my options right now, but I'm going to look into it this week. I have 2 or 3 more pay periods before I'd be getting the match, but I'm considering putting the rest of my paychecks directly into it for the year since I won't need them. That way I could avoid the federal taxes for as much as possible above 12k, and that's 3.5% less state taxes I'd be paying on whatever I put in there too... but only if there is one of those safe places to put them that would be untouched by anything that happened in the market.
My plan would be to have as much in there as possible whenever the market takes a crap. I'm actually hoping that it stays up for a long time. Maybe 6 years if Trump gets reelected? The longer we go before the inevitable crash, the more I could have in there to buy low is the way I figure it.
Do Right, Be Right. :)
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