Another day, another market crash.

[jon-nyc]

Money’s just something you need in case you don’t die tomorrow.

In the last 10 years I have very firmly developed the habit of only checking my portfolio month end.

[Mik]

Not terribly worried. There is always an awful lot of energy and activity going into the economy that will, over time, cause it to rebound.

Besides, in almost three years retired now we have not needed to take anything out of our investments. I don't anticipate doing so until RMD hits.

[jon-nyc]

Yeah that helps. I’m the same boat. Haven’t sold anything since I opportunistically harvested some capital losses in 2008

[Jolly]

@jon-nyc said in Another day, another market crash.:

Money’s just something you need in case you don’t die tomorrow.

In the last 10 years I have very firmly developed the habit of only checking my portfolio month end.

You're checking yours more than I check mine. I check every 90 days. I do not plan on touching anything until RMD time.

[Horace]

The money I directly manage, I check daily. The money I don't, maybe once every few months. It'll do what it does, and what it does won't have any effect on my decisions regarding it.

[Horace]

Indexes are down about 10% in the last three trading days. That's a quick correction, huh. I'm in the buying mood. Too bad I'm not in the having free cash to buy mood.

[Axtremus]

@Horace said in Another day, another market crash.:

I'm in the buying mood. Too bad I'm not in the having free cash to buy mood.

How committed are you? Considered buying on margin? Maybe take out a (second) mortgage?

[Horace]

@Axtremus said in Another day, another market crash.:

@Horace said in Another day, another market crash.:

I'm in the buying mood. Too bad I'm not in the having free cash to buy mood.

How committed are you? Considered buying on margin? Maybe take out a (second) mortgage?

Maybe I'll keep an eye on gold and silver prices and shift some assets from those to stocks if this keeps up. Too bad metals don't hold up their end of the bargain in these market crashes. They're supposed to go up, but they never do.

[Copper]

Mr. Biden is still president.

You can wait.

[Horace]

These last three market days must approach an historically bad three days, percentage wise.

Too bad it’s no longer cool to talk about the stock market.

[89th]

Good time to buy. Just bought some crypto too. I'm in it for the long run.

[xenon]

@89th said in Another day, another market crash.:

Just bought some crypto too

You're brave. Only one I would consider buying is bitcoin. I've been very lightly deploying my year-end funds from last year.

Feels like I could maybe start going in heavier now.... marketing timing is a fool's errand, but I can't help myself.

[George K]

Seen on Twitter:

"What’s the over/under line on whether we’ll get “malaise speech” from Biden around July?"

[Mik]

[89th]

@xenon said in Another day, another market crash.:

@89th said in Another day, another market crash.:

Just bought some crypto too

You're brave. Only one I would consider buying is bitcoin. I've been very lightly deploying my year-end funds from last year.

Feels like I could maybe start going in heavier now.... marketing timing is a fool's errand, but I can't help myself.

Not trying to time the market. I ask myself, will Bitcoin and Eth be significantly higher in 5, 10, or 20 years? My gut says yes…crypto (and blockchain) is here to stay in one format or another. So when the price drops now, it just means a bigger discount, I hope, on future earnings.

[George K]

@89th said in Another day, another market crash.:

Good time to buy. Just bought some crypto too. I'm in it for the long run.

[89th]

[Horace]

These last 6 trading days have been historically bad.