If you are two years from retirement you should be in a diversified portfolio the includes bonds and at least some low risk cash investments (CDs, treasuries, etc).
I have bonds and CD’s. But I have a handful of dividends stocks like Pfizer and blue chips like McDonalds. I also have a boatload of Preferreds, which I love. But I may have to start unloading a lot of these.
Right ahead of the 2008 crash my large employer's great economists and financial people told the company to stop major purchases and go into as much cash as possible. So I heard this warning and moved all my investments as much as possible into cash type money markets etc, out of the mutual funds. It saved me a lot of money that I would have had to re-earn
He's just autistic.
Yes, the market reset allows certain people to make money on both the downward movement and inevitable recovery.
Did the same thing and then again in late 2019 as the evidence of approaching recession came along. Obviously had no idea the pandemic would hasten it and be so dramatic but was very glad I made the moves when I did. Just recently got out of this market as well.
Of course the key with this is the timing of when you got back in. If you timed the reversal and called the bottom, you made out like a bandit. If you sat on the sidelines for awhile while everything recovered, you may have ended up in about the same spot.
Same...I'm afraid I won't be able to retire when I want because of investments...I want to retire on an upcycle. If the market is down I would prefer to just keep buying it low and wait for the next boom to retire.
Tesla sales have been going down for months in Europe from the charts etc I saw on the news. I will try to find a link
What is also abundantly clear, is a lot of real estate development is on hold. Right now a project can pencil one day, and then flip to red the next, particularly with the swings in materials (25% delta on materials can make or break a project) and rate issues. There remains a large amount of capital ready to deploy, but right now only the very bold are building through the FUD.
How about worrying about the people who only get a soc sec check and dont have any money.
100%...though their voters tell us they won't. Literally had a Republican voter say this to me yesterday. "Ohhhh...your social security will be fine." Sure, MAGA.
And Soviet style price controls.
The new fbi director is Indian and the right cheered for him while the left called him Hitler. Weird.
At least a handful of them withdrew the 4 or 5 grand total they had in their 401ks to save it from trump cratering the market.
