HockeyDad
14 years ago
I think some of them were slightly let down by the "Recovery Summer".
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pdxstogieman
14 years ago

I think some of them were slightly let down by the "Recovery Summer".

HockeyDad wrote:



The signs all pointed to an impending downturn in the market after a huge run up since 2008, and with the debt limit debate going on, they should've cashed out those equities in July. I did. It funded my vacation from outrage.
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HockeyDad
14 years ago
Recovery Summer was in 2010.

Most average people in the market can't just cash out. They're in the market through 401Ks and pensions. Good for you on cashing out of the market and profiting from the destruction of the USA economy while the average Americans watch their retirement circle the drain.
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pdxstogieman
14 years ago

Recovery Summer was in 2010.

Most average people in the market can't just cash out. They're in the market through 401Ks and pensions. Good for you on cashing out of the market and profiting from the destruction of the USA economy while the average Americans watch their retirement circle the drain.

HockeyDad wrote:



My assets ARE primarily in 401K. Most 401K's have investment options to allow money to sit uninvested, as cash, or in stable value funds, cd funds, etc. etc. I say, yes, Good for me for not sitting around for the 4th big dump in the market over the past 13 years. Instead of sitting on my ass believing the old "buy and hold" BS and riding the market into the dumper, I did what all adherents to Capitalist and rugged individualist tenets should applaud. I looked at the available information and acted on it. Most of the usual social darwinist here would generally tell those losing their butts on their 401K's that they shouldn't be invested in the market if they can't withstand the associated risk.

You're sounding a lot like a socialist .
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HockeyDad
14 years ago
Most 401Ks also have trading restrictions so market timing is very difficult. You must have traded it just perfectly to have market timed it in July.

Good for you, bad for America. Enjoy the winnings and maybe send a few scraps to some charities.
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DrafterX
14 years ago
way to go stogie dude.... crashing the economy and stuff... 😳 😳
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HockeyDad
14 years ago

way to go stogie dude.... crashing the economy and stuff... 😳 [-x

DrafterX wrote:





...and he got a free vacation out of it. Sound familiar?
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pdxstogieman
14 years ago

Most 401Ks also have trading restrictions so market timing is very difficult. You must have traded it just perfectly to have market timed it in July.

Good for you, bad for America. Enjoy the winnings and maybe send a few scraps to some charities.

HockeyDad wrote:



I made my transactions on July 31, Dow was at 12,600, I don't feel the least bit bad about making a good financial decision after taking losses of 50-60% during the dotcom, 9/11, and Mortgage busts. I don't consider preserving my nest egg at this point in time "winnings". Now I have to decide if, how, and when to reinvest since holding cash has it's own risks as well. Yes, there are restrictions on market timing within 401K's and mutual funds, generally you can't move in and out of funds more often than every six months, so you only have so many bullets to use. But then it's not like I was day trading, I was reacting to the longer term market trend as well as the significant issues in play at the moment. Now I have to decide if, how, and when to reinvest since holding cash has it's own risks as well.
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pdxstogieman
14 years ago

way to go stogie dude.... crashing the economy and stuff... 😳 [-x

DrafterX wrote:




George Soros told me to do it.
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frankj1
14 years ago

I made my transactions on July 31, Dow was at 12,600, I don't feel the least bit bad about making a good financial decision after taking losses of 50-60% during the dotcom, 9/11, and Mortgage busts. I don't consider preserving my nest egg at this point in time "winnings". Now I have to decide if, how, and when to reinvest since holding cash has it's own risks as well. Yes, there are restrictions on market timing within 401K's and mutual funds, generally you can't move in and out of funds more often than every six months, so you only have so many bullets to use. But then it's not like I was day trading, I was reacting to the longer term market trend as well as the significant issues in play at the moment. Now I have to decide if, how, and when to reinvest since holding cash has it's own risks as well.

pdxstogieman wrote:


buy low.

frank
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pdxstogieman
14 years ago

buy low.

frank

frankj1 wrote:


That's the trick. Figuring out when the bottom or some place close to it has been hit. I think there's probably another 15-20% downside minimum to come and that's probably understated.
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pdxstogieman
14 years ago

buy low.

frank

frankj1 wrote:


Is it low enough yet?

Didn't think so.
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