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Master-at-Arms |
On the Korean peninsula, and some sort of conflict almost a certainty, are any of you guys pulling out of investment positions and going to cash? Im 52 now, and dont have enough investment timeline left should my portfolio take a substantian hit. Just interested in your thoughts on the investment question, not the possibility of a conflict question, which seems inevitable to me at this time. Thanks. Foster's, Australian for Bud | ||
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Member |
Just saying. The moment Trump won the election was the time to go into investments so inclined. I don't feel an altercation with N Korea is inevitable. | |||
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His Royal Hiney |
You and a lot of other people are moved by the news. The market had dropped in the last 3 days. I most like would be moved too. but that's why I moved the bulk of my funds to a wealth management company. Yes, it still went down these last days under their management but that's partly why I moved it under them - so I won't be moved to do something. Instead, they're following a disciplined approach. "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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| Just for the hell of it  |
No. Stocks and the markets have been doing very well overall. The last few days have seen a decline overall but I think the markets are still good. You can't pull everything every time something happens. If you are older you should have already diversified into safer investments. _____________________________________ Because in the end, you won’t remember the time you spent working in the office or mowing your lawn. Climb that goddamn mountain. Jack Kerouac | |||
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| Member |
I'll only do a little re-balancing once or twice a year (or less, if there are no over-performers to sell). I don't move anything out of fear. By the time I'm afraid, it's too late to do anything but lock in losses. I won't do that. If I could predict the future I might do differently, but I can't. | |||
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| I believe in the principle of Due Process  |
I'm like Yogi Berra. My forecasting is none too good, particularly when it pertains to the future. Anyway, it is a mistake to try to time the market. Instead make your decisions based on price, not time. Every now and then, I post the best description of the investment process, attitude, goals, I've ever read, by Ben Graham, from "The Intelligent Investor."
Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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| Member |
You are still young, and do not need to live off of your investments. Substantial dips in the market are often good times to buy. At the present time there have been no substantial drops. I would pay less attention to the news. I have been investing in stocks since the 1970s and have lived through substantial dips in the market. It is important to manage fear and greed. Hope this helps. | |||
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Member |
The stock market and futures are a confidence market. Whenever turmoil such as war happens, the lack of confidence causes the price of gold to surge and the price of stocks to plunge. During times of chaos gold becomes stronger than the stock market. After the turmoil and as confidence is regained it is a good time to sell the gold and re-invest in the stock market at low prices and the gains will be substantial. IMHO Regards, arlen ====================== Some days, it's just not worth the effort of chewing through the leather straps. ====================== | |||
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| Member |
I went all to cash this past Tuesday in our 401K's and Roth's. I've been following the debt mess for a while, and many way smarter than me believe it wont take much to pop the bubble. We'll sit out till December and see what happens. http://www.marketwatch.com/sto...orrection-2017-08-09 http://www.zerohedge.com/news/...ice-action-has-begun http://www.zerohedge.com/news/...ue-warning-investors http://www.zerohedge.com/news/...-collapse-draws-near ____________________________ peakperformanceshooting.com | |||
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| As Extraordinary as Everyone Else  |
I'm older than the OP but take a long term view when it comes to investing...I didn't sell in 2008 and I won't now. So far it has paid off nicely... ------------------ Eddie Our Founding Fathers were men who understood that the right thing is not necessarily the written thing. -kkina | |||
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Member |
No one knows what will happen. There have been quite a few claiming the bubble will break for at least three years now. If I sold all my stock related investments every time there were experts crying that the sky was falling I would have not owned any stocks since the 70s. That said I believe in diversification of investments other than just stocks and have some in short term corp bond funds yielding 2.2 percent for opportunities. | |||
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| Member |
Nope. Bought some more stocks at a discount actually. ---------------------------------------------------- Dances with Crabgrass | |||
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| Eschew Obfuscation |
Same here. I put my money with an investment advisor for this reason as well. I kept being swayed by the latest 'crisis-of-the-day' and making moves that were driven by emotion. _____________________________________________________________________ “One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.” – Thomas Sowell | |||
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| Eschew Obfuscation |
The problem is that there's always some percentage of folks who are saying that the sky is falling. The fact that their wrong 364 days of the year doesn't seem to phase them. The one day their right, they trumpet it from the rooftops and proclaim themselves genuises. _____________________________________________________________________ “One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.” – Thomas Sowell | |||
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| Partial dichotomy |
Kinda like democrats.  Actually, they're never right.  SIGforum: For all your needs! Imagine our influence if every gun owner in America was an NRA member! Click the box>>>  | |||
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| Green grass and high tides  |
I always cringe when I hear something like this. Don' t think there is not an inherent risk in paying someone to do what you could do for yourself. Do you think they have more interest in your financial future than you do? I understand handing it off to someone and hoping it works out. I don't and that does not mean it will work out for me either. "Practice like you want to play in the game" | |||
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| I believe in the principle of Due Process |
One of the common scams involves building a record of being right all the time. You start with a number of names, say, 16,000. You write a letter with a very definite "prediction" about market movement and mail it to half of the names. You write another letter with the opposite prediction and send that letter to the other half. After the prediction comes true for half of them, you write two more letters, one up, one down, and send those letters to the 8,000 folks who received your "right" letter. Once that "prediction" has happened, you send out another letter to the 4,000 who received the "right" letter. Wait. Repeat this again, to the 2,000 who received your prediction letter that happened. These folks have seen 4 straight "right" calls now. 1000 of them will get another "right" letter, and most of those will send you money if they haven't already. So I am told. Luckily, I have enough willpower to control the driving ambition that rages within me. When you had the votes, we did things your way. Now, we have the votes and you will be doing things our way. This lesson in political reality from Lyndon B. Johnson "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." - Justice Janice Rogers Brown | |||
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| Member |
Reminds me of a stock market guru on a market orientated show saying that you need to be full in the market. One of the guests says "but I thought you were bearish?". His response was "that was last week" LOL. | |||
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| Member |
Handling your own investing without guidance is kind of like doing surgery on yourself. Yes, you're motivated well, but the skill set.....not so much. | |||
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| Green grass and high tides |
I have seen time and time again. Large portions, most or even all of one's retirement gobbled up by the so called "guidance" (quality brokerage) type folks. In today's world one can get all the "guidance" they need without getting screwed over in the guidance for profit scheme. But first and foremost one needs to figure out what you are trying to do in the time you have to do it or you will certainly screw yourself. But there is little difference in that vs getting screwed by someone else. Other than having someone else to blame And in answer to the op's question, no not for me. "Practice like you want to play in the game" | |||
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