The market (buyers/sellers) has been playing the game that good news is good news and bad news is also good news most of the time for a while now. With the lofty valuations that the markets had been at lately it's not surprising that there is some giving back but who knows where it is going to go from here and for how long. Take a look at your returns over the long haul year by year and ask yourself has it been worthwhile being an investor in stocks or not. As always everyone needs to consider their own financial goals, time frame, and tolerance for risk when making investment decisions.

In times like this I’m glad that my funds are under professional management. I’ve been with my financial guy since 2010 with consistently good long term results.

He coordinates with my tax guy and helps me with other things too. E.g., he brought in good people to set up my trust.

My Roth 401k just lost 7500 today.

It’s under professional management, so it will ounce back.

Still SUCKS.

I haven't even checked my numbers today . What's the point ? I'm retired but I'm not drawing any money out of my 401k . Hopefully it'll bounce back .

It just means that the stock market is having a sale today.

A couple weeks ago I put 90% of my 401’s into fixed interest. I knew a dip was coming so I am not worried about this 10% still in stocks.

I’m waiting to buy some bargains and get my 401’s where they need to be. I do not think we are any where close to the bottom.

You did not lose anything, unless you you sold.

My accounts are currently down $15,042 but I have been here before.

I need to learn how to buy the dip better.

I bought the dip two times last week, and today a bigger dip comes along and here I am with no more funds left to buy the dip.

Where is this unlimited source of funds that everyone uses to buy the dip.

quote:

Originally posted by kimber1911:
I need to learn how to buy the dip better.

I bought the dip two times last week, and today a bigger dip comes along and here I am with no more funds left to buy the dip.

Where is this unlimited source of funds that everyone uses to buy the dip.

You're in good company. I suspect there are thousands of us that thought that dip or several others was THE dip. Sadly, it wasn't. Tomorrow may be another opportunity to see a few more dips.

Regarding funds to participate in dips, I took profits on several positions in order to buy several laughable dips. Buying stock at the right time can sometimes be compared to Trigger Control. I jerked the trigger once or twice today and threw money shots ...

Yup, $15k up in smoke today.

Over the past week, I'm down ~3.1% in one investment account and ~3.4% in another.

Not a big deal. Stocks go up. Stocks go down. It's the Circle of Life. (Cue the Lion King music.)

The important thing is that they always go up overall over time. You just have to stay in the market.

As noted, it's only "lost" if you panic and lock in the losses.

Yup, I got pounded too. More than 15k. I'm sure that over time, it'll work out. I'm getting near retirement though, so a little nervous.

Japan up 8-10%, rest of Asia up also

https://www.cnbc.com/2024/08/0...a-rate-decision.html

FTA:
Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets also opened higher.

Japan’s Nikkei 225
— which saw its largest loss in the previous session since the 1987 Black Monday crash — and the broad-based Topix gained as much as 10% before paring gains to 8%...

IDK cause I’m stuck in the hospital and don’t want my BP to spike. Should be out tomorrow afternoon, may check then, may not.

quote:

Originally posted by Fredward:
IDK cause I’m stuck in the hospital and don’t want my BP to spike. Should be out tomorrow afternoon, may check then, may not.

Don't look. Wait a week. Hope you are well.

Just rolled $150,000 into a fixed annuity last week. I’m afraid to check it. When Biden got elected I lost $50,000 first six months. Rolled everything into cash. Haven’t lost any more but haven’t made any either.

quote:

Originally posted by SW_Sig:
You did not lose anything, unless you you sold.

My accounts are currently down $15,042 but I have been here before.

Sure they did, it doesn't matter what it may theoretically will be in the future,its value is what it is worth today regardless if they sold. Nobody will give them what it was worth last week. So yes, they did lose that money. Yes, if they still hold the same amount of stock they could possibly recover what they've lost. If they lost 50% and the stock doubles in value they can break even to where they were before this week..

A 10% correction is normal on average once a year. Look how much the market has appreciated over the last couple years. Get ready for more volatility as the economic cycle slows down. That is the only way to kill off inflation.

[QUOTE]Originally posted by Lucnik:
Just rolled $150,000 into a fixed annuity last week. I’m afraid to check it. /QUOTE]

Ouch, I wonder who talked you into that.

Did you do your research on buying an annuity before hand?