Utah Bob #35998 Posted July 9, 2022 Share Posted July 9, 2022 No not the bomb throwing guys. My retirement fund, well one of em. Just got the Janus quarterly report. Ouch! Link to comment Share on other sites More sharing options...
Rip Snorter Posted July 9, 2022 Share Posted July 9, 2022 Not looking at mine till after the next election. Been thru a couple of these in the past though not from the same causes. I find I sleep better! Link to comment Share on other sites More sharing options...
Dantankerous Posted July 9, 2022 Share Posted July 9, 2022 Yup. If you still have working income it's a good time to be be buying into market prices. When the adults take the government back over things will eventually come around again. Link to comment Share on other sites More sharing options...
Gracos Kid Posted July 9, 2022 Share Posted July 9, 2022 Right there with you....Have taken a big hit Link to comment Share on other sites More sharing options...
Red Gauntlet , SASS 60619 Posted July 9, 2022 Share Posted July 9, 2022 You get psyched about the gains, and down about the losses. My 401 K is over 40 years old. There have been many major ups and downs over the decades, but the steady overall trend has been up. So I keep telling myself. And it's actually true. I find I care a lot more now that I'm retired. Link to comment Share on other sites More sharing options...
Utah Bob #35998 Posted July 10, 2022 Author Share Posted July 10, 2022 1 hour ago, Dantankerous said: Yup. If you still have working income it's a good time to be be buying into market prices. When the adults take the government back over things will eventually come around again. True. Disappointing to see gains disappear though. Even temporarily. But It’s happened before. Ebb and flow. Link to comment Share on other sites More sharing options...
PowderRiverCowboy Posted July 10, 2022 Share Posted July 10, 2022 I changed all mine last year to the safest plan I have been treading water , in my 401k. Link to comment Share on other sites More sharing options...
irish ike, SASS #43615 Posted July 10, 2022 Share Posted July 10, 2022 3 hours ago, Utah Bob #35998 said: Just got the Janus quarterly report. Ouch! Remember we're building back better! Link to comment Share on other sites More sharing options...
watab kid Posted July 10, 2022 Share Posted July 10, 2022 ya hey - we all took a hit , dont pull out they will come back but you have to be able to weather the time involved , one day this administration will pass ....no i did not just say anything disparaging of the president , i hope he just goes away , among with the rest of them , Link to comment Share on other sites More sharing options...
Marshal Dan Troop 70448 Posted July 10, 2022 Share Posted July 10, 2022 I know the feeling Utah. OUCH! Link to comment Share on other sites More sharing options...
sassnetguy50 Posted July 10, 2022 Share Posted July 10, 2022 13 hours ago, Dantankerous said: Yup. If you still have working income it's a good time to be be buying into market prices. When the adults take the government back over things will eventually come around again. Do you think it is done dropping? Link to comment Share on other sites More sharing options...
Dantankerous Posted July 10, 2022 Share Posted July 10, 2022 44 minutes ago, sassnetguy50 said: Do you think it is done dropping? No, I do not although I am certainly not a market expert so this is just my pessimistic guess. I do think the drop off has slowed and will plateau somewhere soon, that is if something somewhere catastrophic does not occur. My optimism tells me if the market has hit 36,000 or 37,000 it will get there again although it may take some time. How much of that peak market valuation was real versus speculative, how much was investor hype and optimism versus something tangible? No idea, but the peak did set a precedent and global market greed will make sure it happens again. As previously mentioned the market has always gone up-and-down, sometimes furiously, but has always continued to trend upward over the long haul which is where most of us are with the market. Link to comment Share on other sites More sharing options...
Rye Miles #13621 Posted July 10, 2022 Share Posted July 10, 2022 I don't have an IRA, self employed my whole life, got my money in CD's and a savings account. I still work part time at 75. I get SS but it goes right in my savings and I don't touch it. My part time job keeps all my bills paid. No house payment, no car payment, I'm doing okay. Link to comment Share on other sites More sharing options...
bgavin Posted July 10, 2022 Share Posted July 10, 2022 You only lose if you sell. A big recession does offer opportunities. One opportunity is moving drastically devalued stocks from your IRA to your cash account. Unlike an RMD, this distribution is priced at the closing value on the day of transfer. If you have stocks that are down 50% or more, this is the ideal time to distribute them to your cash account Your tax burden is down by 50% as well. We all know the taxes will get ever higher in the future. I am doing the above this year instead of an RMD. Link to comment Share on other sites More sharing options...
Buckshot Bob Posted July 10, 2022 Share Posted July 10, 2022 It’s too easy to look it up online, I try not to . I went into some pretty safe investments before the installation of Brandon and I’m still taking a beating. But as others have said it’s a great time to buy and you haven’t lost if you haven’t sold . Im in it for the long term. Whether the storm brothers Link to comment Share on other sites More sharing options...
bgavin Posted July 11, 2022 Share Posted July 11, 2022 Every time the market tanked, I backed up the truck and shoveled in the bargains in my selected stocks. I'm at the age now, where I no longer buy the bargains, but want to enjoy the proceeds. I can either spend it on my wife and me, or leave it to the kids. I'm waiting for the Big Crash when the recession hits full force, then distribute my IRA to my cash account with less taxes. Link to comment Share on other sites More sharing options...
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