I don't know how deep of a plunge the market is going to take, but I'm not planning to ride it to the bottom. What do you guys think?

Buy high, sell low is not a winning formula.

Didn't sell in Oct 1987, didn't sell in 1999/2000, didn't sell in 2008/2009 and not selling in 2020. History tells us that those that continue to buy and hold, and not try to time the market will be richly rewarded.

No reason to bail.Especially with the right stocks. I like slow and steady.

Good time to buy.

What goes down must go up.

Kevin

I'm sitting tight. In fact, I've discussed buying more stock with my financial adviser now that the prices are depressed.

All of mine is in the power company that I work for. It's dropped a little the last few days....but not like a rock, as other type stocks have. Besides that, I'm collecting and reinvesting a boat load of dividends every quarter.....and ain't giving up that much money by jumping out into some safe fund.

I bet I own some of that power company stock (DUK?). I was just telling a coworker today why are people selling a utility company, could there be an industry less affected by a pandemic in China that might spread here? Maybe I should buy more.
I’ve been putting off investing much of my 2019 Roth contribution and I am now really glad about that, but will need to swallow hard before getting that done before April 15. I also closed out an International stock fund last fall to pay off what was left of my mortgage.
So those two things give me some comfort dealing with the carnage this week and tens of thousands of dollars paper losses I’ve had. But I’ll hang tight and things will recover some day. I focus on companies that pay decent dividends so if nothing else, I’m getting paid while I wait!

Yep....it's Duk. Most of us that are old, and hostages from other power companies they bought out spell it Dook! Utilities are usually a safe haven in stocks when

Nope not bailing at all. I bought quite a bit yesterday....

V (largest position)
XEL ...local electric company
ATO ...local gas company
GOOG
SPY
SDGR (my speculation holding)

Plan to add
AMZN
KO
MO (waiting for $38)

Will be adding,

Amazon
Apple
Msft
Samsung
Some of the stuff that got hit hard but nobody can live without these days.

It's falling fast. I'll wait till I see a bottom develop before getting back in.

I am still about 35% cash. I am not looking to find the exact bottom but I hope to get close. I loaded up on Christmas Eve 2018 because it seemed like full scale panic and blood in the streets. I made the mistake of peeling off all of it way to early and missed most of the run up. I still had my best year ever in 2019 because I loaded up that day. This time I am just buying good companies and going to let it ride. I would normally buy AAPL and AMZN but I think the China connection is going to have a longer effect on both of those. I will wait to add those until after earnings (aapl especially)...because I feel it will really take a hit with the China factories and store closures.

I am in no hurry, might even buy some facebook. I got in this current market when the dow hit 6666, not the bottom but close. If I don't get in this time its no big deal, but watching. My managed accounts have been selling stuff off out the ying yang the last few days, so the pros are bailing, and telling you to stay and hold on the tv, like they always do.

Just going to ride it out. It always comes back.

SO.CO here love those quarterly payments. The only time price seems to matter is when you buy or when you sell everything else is just back ground noise. LOL

You were considering bailing, and now you're going to try to time the bounce? Now is the time to buy. You're already buying at a discount right now. Plenty of $$ to be made right now.

I'm down about $130k across our investment accounts,and if were weren't already maxed out on my 401k and our Roths, I'd be increasing my contributions. I'm going to up the contributions to our 529 plans instead, because there is no contribution limit on those. My wife doesn't have a 401k, since she is a public school teacher. She has a pension, and also an annuity that earns about 4%, and it drives me nuts to see it sit there and make almost nothing, even though it's insulated from downturns like this.

Currencies?

Is the USA dollar going to go up or down
relative to the paper money issued by other countries?

Red Chinese Yuan +/-

Taiwan +/-

Iranian Rial +/-

Canadian dollar?

Buy when others are emotionally fearful
Sell when others are emotionally greedy
... does that apply to paper money?

Wait a week and buy not sell...

Panicking is never good financial advice.