Market Watch 2018
#221
Registered User
It's as though the market is controlled by day traders. Make a profit one day and sell the next for the hopes of more profits. Even the fund managers have no concept of where they're going.
#223
#224
#225
So far, so bad. This down market seems to have legs....
#226
Well, we have plenty of uncertainty on several fronts to make investors nervous. So the trend downward is not surprising at all.
#227
I watch the experts on one of the morning financial shows while I get ready for work. Mainly interested in the ticker to see if something I own shows up so I'm alerted to pay attention that day. If I'm working from the house, I might have something on in the background for noise as well.
Expert after expert says exactly why the market will do this or that, up or down, today or tomorrow, short or long term. You should be here, there, somewhere you are, somewhere you aren't, in this, out of that. Reality- none of the them have an f'in clue or any magic insight. It might as well be a roulette wheel with 18 red, 18 black, 2 green numbers, and a 1000 giant question marks as options,
So, I trust that everyone here is looking at their situation, tolerance for volatility, needs and whatever else is important to them to be comfortable in their situation.
As for me... My personal account is down about 3% from its high last week and probably up 10-15% for the year. My 401K is up 2.6% YTD. I'm riding it long term and making zero adjustments.
Sorry for the rant.... 6 Month Dow- this downturn looks familiar... several times over this year.
Expert after expert says exactly why the market will do this or that, up or down, today or tomorrow, short or long term. You should be here, there, somewhere you are, somewhere you aren't, in this, out of that. Reality- none of the them have an f'in clue or any magic insight. It might as well be a roulette wheel with 18 red, 18 black, 2 green numbers, and a 1000 giant question marks as options,
So, I trust that everyone here is looking at their situation, tolerance for volatility, needs and whatever else is important to them to be comfortable in their situation.
As for me... My personal account is down about 3% from its high last week and probably up 10-15% for the year. My 401K is up 2.6% YTD. I'm riding it long term and making zero adjustments.
Sorry for the rant.... 6 Month Dow- this downturn looks familiar... several times over this year.
Last edited by Heyitsgary; 06-28-2018 at 12:45 PM. Reason: image didn't paste correctly.
#229
Thread Starter
Someone must think the future looks brighter. A credit union I belong to is offering 1 year money market CD at 2.35% (which is big jump from whats been out there).
#230
^
We keep diversifying and have increased the percentage of money in the retirement account, into fixed i.e. bonds, CD's vs equities/mutual funds. We have gone the CD route a bit of late, and even before the rates started to increase. Nice, safe FDIC insured. it's not a bad thing to have in the accounts to be more diversified. Those funds will likely be the first to be withdrawn when the times comes and the plan is when a withdrawal is made to move an equal amount of out mutual funds into the conservative corporate bonds, CD's. Staying a bit liquid while giving any $ in equities time to earn more $ at a higher percentage rate, and/or, if necessary, time to recover from a downward dip.
We keep diversifying and have increased the percentage of money in the retirement account, into fixed i.e. bonds, CD's vs equities/mutual funds. We have gone the CD route a bit of late, and even before the rates started to increase. Nice, safe FDIC insured. it's not a bad thing to have in the accounts to be more diversified. Those funds will likely be the first to be withdrawn when the times comes and the plan is when a withdrawal is made to move an equal amount of out mutual funds into the conservative corporate bonds, CD's. Staying a bit liquid while giving any $ in equities time to earn more $ at a higher percentage rate, and/or, if necessary, time to recover from a downward dip.