2016 Postmortem

yellowcanine

(35,705 posts)

32. The people who try to "time" the market are the ones who are gambling.

Fri Jun 24, 2016, 10:55 AM

Jun 2016

I know some people who got out in 2008 and were congratulating themselves for "saving" their gains but some missed the upturn and did not get back in soon enough so they lost a lot of gains. OTOH I did nothing in 2008. I admit I did not look at the quarterly reports for a couple of years. But I am damn glad I did not try to time the market. I got everything back and much more. I am never getting out of the market. I will take the required minimum distributions starting when I am 70 and reinvest anything I do not need to live on right back in the market. The key is to have a balanced portfolio (I do 60/40; stocks/fixed annuities) and then automatically rebalance it every year on your birthday.

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At the end of trading today [View all] DemocratSinceBirth Jun 2016 OP

I dont care, it will be up and down all week, the usual panic attack swhisper1 Jun 2016 #1

Well DemocratSinceBirth Jun 2016 #2

Really? leftofcool Jun 2016 #29

Just when I felt like the 2008 debaucle was finally repaired Sheepshank Jun 2016 #40

I do, I'm getting screwed right now. JRLeft Jun 2016 #34

The markets will be down. But they will come back. cherokeeprogressive Jun 2016 #3

I agree... DemocratSinceBirth Jun 2016 #6

It is already coming back up. Dow futures were -500, now yellowcanine Jun 2016 #16

I expect more of this, another country or 2 exiting the EU. JRLeft Jun 2016 #35

Wave goodbye to your 401k workinclasszero Jun 2016 #4

I literally lost everything in the Great Recession. DemocratSinceBirth Jun 2016 #7

I'm in the same boat workinclasszero Jun 2016 #10

On the contrary, hang tight. The worst thing you can do is to panic now. yellowcanine Jun 2016 #13

Hey, I have an idea... Let's put our Social Security into the stock market. Oh, wait! Shit! TheBlackAdder Jun 2016 #33

Even now it's way up in recent years and in the long term whatthehey Jun 2016 #39

Flat to nominally down at the end of the day. Joe the Revelator Jun 2016 #5

All the panic selling at the open seems to be over. DemocratSinceBirth Jun 2016 #9

-500 seemed to be the end of the bridge. Joe the Revelator Jun 2016 #12

I am not invested. DemocratSinceBirth Jun 2016 #15

Down around 25-300 at close leftynyc Jun 2016 #8

Who cares? CrispyQ Jun 2016 #11

I am not invested but I care... DemocratSinceBirth Jun 2016 #14

Don't be foolish. Many more people than the 1% have money in the market. yellowcanine Jun 2016 #17

The 1% will take care of their frickin' market. -nt CrispyQ Jun 2016 #18

And I repeat. Don't be foolish. It is not "their" market. yellowcanine Jun 2016 #24

Actually it is Their Market ! Silver_Witch Jun 2016 #26

"after small investors are hurt by all the panick mongering" So don't panic. yellowcanine Jun 2016 #37

What keeps people poor is low wages. CrispyQ Jun 2016 #49

That is true... I couldn't care less about Wall Street, except how it affects Main Street. DemocratSinceBirth Jun 2016 #19

Most of us with pensions and retirement are not 1% leftofcool Jun 2016 #30

I can't believe that we're reading this here. greatauntoftriplets Jun 2016 #46

Will the 1 percent take care of retirees like me? greatauntoftriplets Jun 2016 #45

As others have mentioned, non-wealthy people have money in the market KingFlorez Jun 2016 #47

I voted other - the Dow will be down 1% or less. yellowcanine Jun 2016 #20

Agree--and a reaction to all of the "sky is falling" news reports spooky3 Jun 2016 #23

Intra day, the DOW will drop about 200-300 but it will recover cosmicone Jun 2016 #21

I think it may end a little more down, but agree spooky3 Jun 2016 #22

The people who try to "time" the market are the ones who are gambling. yellowcanine Jun 2016 #32

Yes. And, my prediction is not looking good. spooky3 Jun 2016 #41

Well there is the possibility this could trigger a correction. yellowcanine Jun 2016 #42

Don't really have this option. Down moderately. Adrahil Jun 2016 #25

Price decrease384.98 (2.14%) nt Agnosticsherbet Jun 2016 #27

You forgot one! Silver_Witch Jun 2016 #28

Down more than 400 at end of "regular" business liberal N proud Jun 2016 #31

I think it will be down a lot bigwillq Jun 2016 #36

I'll guess about 300-350 whatthehey Jun 2016 #38

They say it will take up to 5 years for Brexit to happen, but the Wall Street Banksters today have a B Calm Jun 2016 #43

DOW -610.32 B Calm Jun 2016 #44

I'd guess 600 or so DrDan Jun 2016 #48

It's been less than a week & the market is almost back. CrispyQ Jun 2016 #50