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Norman Oklahoma
(@norman-oklahoma)
5,000+ posts Member

Dow is currently around 31300, down about 20% from its peak. Is now the time to buy, or to sell?

Quote
Topic starter Posted : June 11, 2022 12:17 pm
Brad Ott and FL/GA liked
R.J. Schneider
(@rj-schneider)
1,000+ posts Member

I would guess the question, should I sell, is one you know the input costs on.

If the question is, will the indexes rise or fall,  who are you going to trust ?

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Posted : June 11, 2022 12:29 pm
Shelby H. Griggs PLS
(@shelby-h-griggs-pls)
500+ posts Member

Certainly not time to sell if you bought when it was up 20%, at this point unless it goes to zero you haven't lost that money yet 🙂

Time to sell was probably around the first of the year, every week is just more bad news so far this year.

I guess at this point I am holding on for the ride and hoping I can live and work long enough for it to come back. I know retiring next year at 65 is definitely out, shooting for 70 in 2028 and see what things look like.

SHG

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Posted : June 11, 2022 12:32 pm
Dave Karoly, JPH, Chris Bouffard and 1 people liked

holy cow
(@holy-cow)
10,000+ posts Member

I'm in the LIVE stock business.  The best rule of thumb to apply is to watch me.  When I sell, the markets will soar shortly thereafter.  If I buy, the markets will collapse shortly thereafter.

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Posted : June 11, 2022 1:57 pm
FrozenNorth, Sergeant Schultz, FL/GA and 2 people liked
FL/GA
(@flga-2-2)
5,000+ posts Supporter

The current situation is seemingly sizing up to be a “regular” cyclical performance of the market. I’ve been through about five of them and have recovered in about 4-5 years subsequent the losses. However you can make a fortune with the help of a top notch financial adviser during recovery. Long term was the usual safe gamble but with tech stocks and chip makers joining in, there is plenty of money to be made. Regardless of what you do, don’t be your own financial advisor/wizard. Wish you the best! 😎 

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Posted : June 11, 2022 2:13 pm
Brad Ott and RADAR liked
Norman Oklahoma
(@norman-oklahoma)
5,000+ posts Member

@shelby-h-griggs-pls 

IMO the only time you worry about how much you paid is when you are considering tax implications. Nearly every penny of my investment money is in 401k/IRA where tax is not an immediate consideration. So the question is how things are going forward from the here and now.

ReplyQuote
Topic starter Posted : June 11, 2022 2:37 pm

Gary
 Gary
(@gary_g)
100+ posts Member

1. Dollar cost averaging. Trying to time the market is a fools errand.

2. Bulls make money, Bears make money.......... Pigs get slaughtered. 

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Posted : June 12, 2022 5:30 am
FL/GA and lukenz liked
R.J. Schneider
(@rj-schneider)
1,000+ posts Member

ReplyQuote
Posted : June 20, 2022 5:38 pm
Woody96, JPH, Brad Ott and 4 people liked
Dave Lindell
(@dave-lindell)
1,000+ posts Supporter

All my money is tied up in cash.

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Posted : June 20, 2022 5:55 pm
JPH, Jp7191, FL/GA and 1 people liked

Mark Mayer
(@mark-mayer)
1,000+ posts Member

The market finished last week with the DOW at about 29,900 and most pundits saying that there is still more downside to come. 

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Posted : June 20, 2022 6:11 pm
Bill93
(@bill93)
5,000+ posts Member
Posted by: @dave-lindell

All my money is tied up in cash.

You are only losing several percent per year due to inflation.

I rode the market down and expect to ride it back up. Just don't know how long it will take.

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Posted : June 20, 2022 6:50 pm
Jim in AZ and FL/GA liked
FL/GA
(@flga-2-2)
5,000+ posts Supporter
Posted by: @bill93

expect to ride it back up

That educated assumption has always held true of the market since its inception. The time factor is the killer. 

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Posted : June 21, 2022 4:35 am
ncsudirtman and RADAR liked

RADAR
(@dougie)
5,000+ posts Member

@flga-2-2 

Time has always been the killer...

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Posted : June 21, 2022 5:20 am
Jp7191 and FL/GA liked
FL/GA
(@flga-2-2)
5,000+ posts Supporter
Posted by: @mark-mayer

The market finished last week with the DOW at about 29,900 and most pundits saying that there is still more downside to come. 

It's back up to 30.5 (+540) this morning, but that doesn't mean much. 

ReplyQuote
Posted : June 21, 2022 8:28 am
holy cow
(@holy-cow)
10,000+ posts Member

The highest numbers always arrive after you have sold.

ReplyQuote
Posted : June 21, 2022 1:13 pm
JPH, FL/GA and RADAR liked

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