U.S. Stock market "CORRECTION!!" Why am I not "too-skeered"

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Messages 641 - 660 of total 806 in this topic << First  |  < Previous  |  Show All  |  Next >  |  Last >>
Chaz

Trad climber
greater Boss Angeles area
Dec 31, 2018 - 02:09pm PT
Not counting today Iím up 0.7% for 2018.


It's like money in the bank!
Reilly

Mountain climber
The Other Monrovia- CA
Dec 31, 2018 - 02:32pm PT
And money is just as good as cash, right, Yogi?

I am kinda worried about running outta caviar tonight and I donít want to spend any more
carbon credits this year driving down to the store to get more. 😬
Gary

Social climber
Desolation Basin, Calif.
Dec 31, 2018 - 03:38pm PT
Why not just have your man fetch it?
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Dec 31, 2018 - 04:17pm PT
The headline reads:

US stocks post worst year in a decade as S&P 500 falls more than 6%

https://www.msn.com/en-us/money/markets/us-stocks-post-worst-year-in-a-decade-as-sandp-500-falls-more-than-6percent/ar-BBRDkcv

And of course, Obama became President in Nov. 2008, after most of the market losses were done.

And then, we Americans enjoyed a wonderful upward run in the markets, which continued through 2017.

It couldn't last forever, but let's not praise or blame the politicians involved.

Here's to better luck next year! I'll see how I did in 2018 tomorrow, but it ain't going to be pretty.
Reilly

Mountain climber
The Other Monrovia- CA
Dec 31, 2018 - 06:29pm PT
I couldnít let him go, Gare, he had to finish his bake...

Credit: Reilly
blahblah

Gym climber
Boulder
Dec 31, 2018 - 06:38pm PT
Quote Here
And then, we Americans enjoyed a wonderful upward run in the markets, which continued through the first full year of Trump being President.

It couldn't last forever, but I blame our current idiot-in-chief.

Fritz, I thought this thread could be a "safe place" where people of different political persuasions could share their views on markets and investing (as futile as that is) without overt political attacks.

But since you make it an issue: if Trump is blamed for 2018, is he credited for 2017? We all know it's hard to say how much effect the prez has on the markets, and most semi-informed commentators (such as yours truly) believe it's less than the media portray and public-at-large think.

Anyway: 2018 was a poor year for buy and holders such as myself, and no guarantee 2019 will be better. It could be much worse. To be a real buy and holder, you have to be prepared for very large paper losses in a bear market, such as 40-50%. If you can do that, and if history more-or-less repeats itself, it's been a good strategy in the past. But no guarantees in investing. It's a bit of a slice of life: You can be totally reckless and maybe it will work out great, or you can think you're doing everything you're supposed to do, being very careful and meticulous, and still end up screwed.

I'm not a bible thumper, but I believe the following is on-point for how our various investments will work out:
I returned, and saw under the sun, that the race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all.

Happy investing to all in 2019: always interesting to see how things unfold, even when it's not always to our liking.
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Dec 31, 2018 - 07:12pm PT
blahblah! Per your mention:

Fritz, I thought this thread could be a "safe place" where people of different political persuasions could share their views on markets and investing (as futile as that is) without overt political attacks.

You've got me! I beg for civility on this forum & then serve up some bile.

I will delete the Trump part of my previous post & beg other folks who post on this thread to not turn it into a political thread.

Happy New Year folks!

photo not found
Missing photo ID#548298
Splater

climber
Grey Matter
Dec 31, 2018 - 07:32pm PT
Without getting political, there are economic effects caused by our leaders. I would say there was indeed a rise in the market that can be attributed to Trump. Mainly due to the tax cut (mostly for the rich). However, because the cut is financed with debt, eventually it will come due, and the economy will take a hit. But in the meantime Wall street will have sucked up even more of the long term gross national well-being.

The market mostly correlates to how well the wealthy are doing, so any cut in social programs such as health care is taken to be a good thing. Similarly, environmental protection is not a consideration to most profit making, since environmental effects are mostly external costs.
And as has already been mentioned, the impacts and fears of tariffs will have effects on equities markets.
briham89

Big Wall climber
santa cruz, ca
Jan 1, 2019 - 08:38am PT
This thread has become a pompous, gloating, windbagger circle jerk.

Great contribution.

Carry on.
WBraun

climber
Jan 1, 2019 - 09:07am PT
As far as 2019 goes ....

You can be 100% accurate that you Americans will fuk it up too .....
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Jan 1, 2019 - 05:03pm PT
It was not a "gud" year in the markets for Heidi & me.

We lost 4.94% vs the S&P 500 index losing 5.69%.

So! I'll drink to beating the S&P, which gets some mutual fund managers big bonuses.

The important thing is, this setback brings our 23 year average yearly gain in the stock markets down to 8.84%.

I'll drink to that again! Sluuuuuuurp!

Next year for sure! Idaho is some of the best "next year" country on earth.

Happy New Year!

Bargainhunter

climber
Jan 1, 2019 - 11:03pm PT
Stocks climb a wall of worry.

Carry on as per your IPS (Investment Policy Statement)

https://www.bogleheads.org/wiki/Investment_policy_statement

Investing should be rational and formulaic, not emotional.

Dirtbags are already living beneath their means, thus climbers are in a great position to invest regularly and come out ahead in the long run. Time in the market beats timing the market every time.

Start here: https://www.bogleheads.org/wiki/Getting_started

Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Jan 2, 2019 - 08:20am PT
Indeed! Back to the concept of low-fee mutual funds, which Vanguard is noted for.

This chart shows my Vanguard gains from 1/1/2009 to 1/1/2019.

I suppose it doesn't look like much of an increase.

photo not found
Missing photo ID#548425

The total gain on the chart for 10 years is 130.15% or an average of 13% yearly. My Vanguard investments are a mix of actively-managed stock funds, index stock & bond funds, & shorter duration bond funds. As I mentioned previously, the Vanguard Healthcare Fund has been a long-term winner. It even managed a 1.21% gain in 2018. My only stock fund with a gain.
surfstar

climber
Santa Barbara, CA
Jan 2, 2019 - 08:22am PT
ha! bargainhunter gets it
Bogleheads will provide the true info you need

investing should be boring
get rich slowly
nobody known nuthin

people who tell you otherwise are full of it
matty

Trad climber
under the sea
Jan 2, 2019 - 09:05am PT
Fantastic photo Fritz! Happy and prosperous new year to all.
Happiegrrrl2

Trad climber
Jan 2, 2019 - 09:11am PT
I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.

EdwardT

Trad climber
Retired
Jan 2, 2019 - 09:16am PT
Happiegrrrl2

Trad climber

Jan 2, 2019 - 09:11am PT
I'm anti stock market. It's filthy money gained, for the most part, on turning companies into prostitutes.

What invests would you recommend?
Reilly

Mountain climber
The Other Monrovia- CA
Jan 2, 2019 - 09:17am PT
I'm anti stock market.

Thereís my first big shock of the year. Happie, a bunch of hippies didnít make yer van.
And 9 billion people are really a few too many for a barter system.
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Jan 2, 2019 - 09:24am PT
Oh the HORROR of spending that filthy money!

It's filthy money gained, for the most part, on turning companies into prostitutes

(That must be why I drink fine red wines to forget how filthy my filthy stock-grubing hands are.)
Toker Villain

Big Wall climber
Toquerville, Utah
Jan 2, 2019 - 10:52am PT
The human race is going to hell, so I'm gonna grab my pile and ride it like Slim Pickens.
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