[tom2021]

Don't try to catch a falling knife. I had planned to buy when the S&P 500 dropped 20% from its all-time high. Now, I've lowered my threshold to 25% from the historic high.

[Jodedor]

Originally Posted by tom2021

Don't try to catch a falling knife. I had planned to buy when the S&P 500 dropped 20% from its all-time high. Now, I've lowered my threshold to 25% from the historic high.

you are gonna get cut no matter how careful you are

[Donatello.]

It's going to go lower so wait to buy IMO.

I am thinking of selling off most of my stuff & just holding cash for a bit & then likely use a chunk to buy low at some future TBD date...

I'll be working till I die either way so does it really matter?!

[XutvJet]

Originally Posted by Donatello.

I'll be working till I die either way so does it really matter?!

That sounds terrible.

Better be prepared for a forced retirement as it happens to most folks that think "they'll work until they die".

[Sedan_Clan]

Originally Posted by XutvJet

That sounds terrible.

Better be prepared for a forced retirement as it happens to most folks that think "they'll work until they die".

Yep! Forced retirement is a certainty.

[RockCrusher]

Originally Posted by Donatello.

It's going to go lower so wait to buy IMO.

I am thinking of selling off most of my stuff & just holding cash for a bit & then likely use a chunk to buy low at some future TBD date...

I'll be working till I die either way so does it really matter?!

If you sell -- stocks in this context -- then you lock in your losses. And you are then out of the market. A decision to sell requires a decision of when to buy.

Studies have shown not being in the market when there's a real turn around really impacts one's gains. The first few days of a market rebound -- a true rebound and not a dead cat bounce -- are critical for realizing the best gains.

[ASAP]

s&p #wreckedagain

[3.0L]

Originally Posted by Donatello.

It's going to go lower so wait to buy IMO.

I am thinking of selling off most of my stuff & just holding cash for a bit & then likely use a chunk to buy low at some future TBD date...

I'll be working till I die either way so does it really matter?!

Originally Posted by RockCrusher

If you sell -- stocks in this context -- then you lock in your losses. And you are then out of the market. A decision to sell requires a decision of when to buy.

Studies have shown not being in the market when there's a real turn around really impacts one's gains. The first few days of a market rebound -- a true rebound and not a dead cat bounce -- are critical for realizing the best gains.

At the advice of my father-in-law my wife and I started investing in the
market in 1991. We went to his financial advisor/investment broker. I will
never forget her advice. She told us straight out that the market will have
ups and downs; sometimes BIG downs. Don’t panic, don’t sell; Your dividends
will purchase more stocks during the down times and when the market
recovers, you’ll have more.

She was right. We weathered the 2008/2009 debacle, We sat firm and
didn’t sell. Yes, the come back took 6 years, but we came out smelling
like a rose. Meanwhile, my brother-in-law (who never took his dad’s advice)
panicked and ended up losing his ass.

[RickFLM4]

Hopefully no one liquidated between 9:30 and 10 this morning.

[ASAP]

If anyone didn't see the market manipulation that happened today then I don't know what to tell you

[RickFLM4]

Originally Posted by ASAP

If anyone didn't see the market manipulation that happened today then I don't know what to tell you

Agreed. By CNBC and other media outlets for making up headlines. I just watched the Hassett interview, which took place an hour before the market opened, and he did not suggest any pause was forthcoming. If there is another interview I missed or some other source please let me know.

Nevertheless, what happened this morning highlights the reason you can’t try to time things. I would guess there are some who sold when the market opened, then panicked and bought back in when the media put out the false headlines.

[ASAP]

Originally Posted by RickFLM4

Agreed. By CNBC and other media outlets for making up headlines. I just watched the Hassett interview, which took place an hour before the market opened, and he did not suggest any pause was forthcoming. If there is another interview I missed or some other source please let me know.

Nevertheless, what happened this morning highlights the reason you can’t try to time things. I would guess there are some who sold when the market opened, then panicked and bought back in when the media put out the false headlines.

lol to be fair the part about doubling Chinas tarrifs even further was true and then set more fuel to the fire... we need to stop this because we will get wrecked soon... all the EU / Asia has to do is tariff all of our services... specifically tech and its game over

[2000cs]

All I’ve done is go through each of my funds/ETFs to be sure they didn’t have too much leverage, because that could kill them. Turns out I was safe, but if not I would have sold those and taken whatever loss I had to, then bought back into the other funds/ETFs I like with less leverage when I thought the time was right. Might be now, but still pretty choppy so I don’t see any problem in waiting.

[Donatello.]

Originally Posted by 3.0L

At the advice of my father-in-law my wife and I started investing in the
market in 1991. We went to his financial advisor/investment broker. I will
never forget her advice. She told us straight out that the market will have
ups and downs; sometimes BIG downs. Don’t panic, don’t sell; Your dividends
will purchase more stocks during the down times and when the market
recovers, you’ll have more.

She was right. We weathered the 2008/2009 debacle, We sat firm and
didn’t sell. Yes, the come back took 6 years, but we came out smelling
like a rose. Meanwhile, my brother-in-law (who never took his dad’s advice)
panicked and ended up losing his ass.

You are right

[Donut Lord]