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October 23, 2018, 05:29:06 AM *
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Author Topic: Why is the US economy booming?  (Read 2144 times)
Mike Irwin
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« Reply #75 on: October 11, 2018, 05:05:22 AM »

Yeah, between my personal holdings and my 401K, yesterday was... sporty.

Just shy of $30,000 down.
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brimic
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« Reply #76 on: October 11, 2018, 06:23:38 AM »

I down 20k in the last week in stock value and options positions... haven't looked at my 40K yet.
I'm still way ahead for the year.
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"now you see that evil will always triumph, because good is dumb" -Dark Helmet

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charby
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« Reply #77 on: October 11, 2018, 05:03:29 PM »

10k loss this week so far. GRRRRRR
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zxcvbob
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« Reply #78 on: October 11, 2018, 05:16:10 PM »

Are bonds down too?  Seems like they would be if interest rates rose.

I've been meaning to rebalance my 401(k).  Actually tried to last week but their computer was down or something.  Should I wait for things to settle a bit?  Or if everything is down, ir probably doesn't matter.  (Current allocation is 80% equities and 20% bonds, going to go with something like 55% equities, 35% bonds, 10% REITs)  I haven't checked the carnage yet in my accounts.
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MillCreek
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« Reply #79 on: October 11, 2018, 06:37:47 PM »

And down another $ 8K today, making it $23K over the past two days.
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MillCreek
Snohomish County, WA  USA


Quote from: Angel Eyes on August 09, 2018, 01:56:15 AM
You are one lousy risk manager.
Amy Schumer
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I spent a week in that town one night....


« Reply #80 on: October 11, 2018, 06:53:38 PM »

Are bonds down too?  Seems like they would be if interest rates rose.

I've been meaning to rebalance my 401(k).  Actually tried to last week but their computer was down or something.  Should I wait for things to settle a bit?  Or if everything is down, ir probably doesn't matter.  (Current allocation is 80% equities and 20% bonds, going to go with something like 55% equities, 35% bonds, 10% REITs)  I haven't checked the carnage yet in my accounts.

I would wait.  It's not a loss until you sell.
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Put our backs to the north wind.
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« Reply #81 on: October 11, 2018, 08:05:50 PM »

My 401k is down about 15K. Not really a problem yet, I've got about 15ish years to retirement. When It looks like it's bottomed out I'll pull some out of bonds and put it in index funds.
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Mike Irwin
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« Reply #82 on: October 12, 2018, 03:15:33 AM »

And my 401k is down $56,000.

Add on the loss of equity from persona holdings, it's closer to $70,000.

You all know what this means, don't you?

It's time to do some more dollar cost averaging!
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BTR
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« Reply #83 on: October 12, 2018, 05:00:05 AM »

After the market dropped, I just bought some more.  Hope that was a good idea! Lips Sealed
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Ben
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« Reply #84 on: October 12, 2018, 05:04:04 AM »

After the market dropped, I just bought some more.  Hope that was a good idea! Lips Sealed

Refer to Mike's post above yours. That and patience make you a good investor.
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brimic
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« Reply #85 on: October 12, 2018, 05:09:42 AM »



It's time to do some more dollar cost averaging!


Hellz yes.
I have put a good size chunk of my 401K contributions into TMO, which has almost doubled in price over the last 2 years. Having it lose 20 points is not necessarily a bad thing.
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"now you see that evil will always triumph, because good is dumb" -Dark Helmet

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charby
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« Reply #86 on: October 12, 2018, 06:08:45 AM »

After the market dropped, I just bought some more.  Hope that was a good idea! Lips Sealed

I bought also. Every two weeks I am buying, like clockwork.
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Iowa- 88% more livable that the rest of the US

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Mike Irwin
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« Reply #87 on: October 12, 2018, 08:17:04 AM »

After the market dropped, I just bought some more.  Hope that was a good idea! Lips Sealed


Well, it was a great idea during the Great Recession 2007-2009 or so.

It was a hard thing to see because my 401K dropped by almost 70 PERCENT during the worst of it...

Other people (including some here) were panicking, and more than a few sold, thus absolutely locking in a loss with no chance of recovery. Panicky monkeys were convinced that it was game over, America was falling, all we'd know from here on out would be poverty, starvation, etc., etc. You know, all the talking points for the Howler Monkeys of Doom...

Those of us who held on, kept with a strategy that didn't involve losing our marbles, recovered.

I know for me the rewards of doing so were absolutely MASSIVE.

By 2012 I had recovered everything I had "lost." By the end of 2017?


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zahc
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« Reply #88 on: October 13, 2018, 04:38:05 AM »

I usually contribute to my IRA at tax time, but I maxed it out yesterday. Prices had dropped to about what they were in June so maybe I gained a couple months.
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