ME TOO!

I agree with you that in times like these, stock prices are driven more by people's fear then the actual value of the stock. But when stocks get driven to ridiculously high P/E ratios that make no sense whatsoever financially, emotion is driving the market as well. I don't have a plan of exactly how and when I'm going to put my retirement money back into the market. I'd rather be a little late and miss a little bit of opportunity than to be early and lose a big chunk of my principal. I'll just have to watch and be convinced that a bottom has formed and an uptrend has started.

I jumped into that too early. It is a very volatile fund.

AS F'd up as Boeing is, it's pretty tempting in the low 200 levels.

Started my investing in 1995 when DOW was around 5500.

I sat through recessions, depressions, 911, too many wars (and viruses) to count.

The only times I took a big hit (by missing out on huge subsequent gains) is when I bailed. One was prior to the Y2K scare. I forget when the other was.

I’m about 20 % cash, widely diversified otherwise.

I’m down about 150k (on paper) right now, and I ain’t doing nuffin!

This, like all others, will be old news in time.

Yup...interesting part it watching the politics of this all...some want it to be down, while others want it to be up. Go figure.

Yes I have, and you are correct about an eventual rebound.

I think we're on the same page. I'm not keying on financial indicators, I'm keying on the media. I could see in the first week that they were the root cause of this latest panic.

Don't touch it, give it some time, mine dropped $2000 in 2 months. but it also dropped $4000 a year and 2 months ago.. it recovered nicely over the course and gained.

About the same story here. "On paper" my Mutual Funds are DOWN $160,000. Yesterdays drop was $36,000 in a single loss. The ONLY panic I have done, I have suspended my monthly draw off my IRA.

Yep, I'm in it for the long haul. It's tough looking at it right now, but I can also recall back when what I had was next to nothin'...

The market was way overvalued for years and any attempt to time it or sit out was punished. Now it's giving back some of the excess. I try to think of it as if my bank made a mistake and gave me money I didn't deserve and then took it back. Yes you could have cashed out big in February but the markets been going up for 10 years so you would have had to guess 1 out of 120 months to sell and then guess when to go back in which is unknown.

Hardest thing to do is rebalance. Bonds are high & stock is down so you should be selling some bonds and buying some stock just to get back to your mix goal. Very hard to do!



https://www.macrotrends.net/2488/sp500-10-year-daily-chart

It will take a few weeks to find the bottom now. The pandemic has been announced and everyone that thinks about selling and cashing out will do so soon, if they haven’t already. That is when the market finds a bottom...when everyone that wants out, is out.

A genuine bloodbath.

I jumped ship! At my age and health concerns I couldn't lose anymore. Good luck to those who are young and healthy and are in it for the long haul!

That`s the problem with people that say they are in it for the long haul. What if you don`t have the time to wait until you can get out. Unless things have changed that i don`t know about nobody lives forever. It`s going to be ugly.

The only part that scares me and I guess it shouldn't is I'm holding and can wait it out. I have a pension and Social Security to get by on. But at 64 if I should pass away I really don't know the rules re-guarding when my kids would have to cash out my account. I have no Wife to worry about and my Sons are now 28 and 31 so between the house, shop, cars, tools, and truck they both will get something from my estate but I would hate to see them have to "cash out" in bad times.

My take, its all "paper money" gains anyway, and I believe currently, 82% of the recent gains, have evaporated.

Chickens always, eventually, come home to roost.

Betting otherwise, is never a sure bet.

If it's just a straight portfolio, not some 401K or similar, nothing says they ever have to cash it out depending on how your will is structured.

A will is for all intents and purposes a trust so you just have it structured so that the executor/trustee has the option to liquidate or run the estate.

That's how the likes of the Kennedys and Rockefellers do it. Own nothing, control everything.

Kevin

Glad I am out, but will get back in, no choice. Just like last time interest is so low I have to buy stock, only question is when. Kinda getting worried, schools are closing, bus lines are closing, and military medivac helicopters flying around, serious preparation.

I dipped my toe in and bought some JPM @ $87 was $141 in January. A little only buying 10 shares at a time and have them staggered lower. Same on BRKB but only trying 5 shares at a time. Damn Boeing got as low as $155 up to $186 now back down to $165. CRAZY