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Terms of Use have been amended effective October 6, 2019. Make sure you are aware of the new rules! Please visit this thread for details: https://www.mibuzzboard.com/phpBB3/view ... 16&t=48619
Stock Market White Knuckle Ride
Re: Stock Market White Knuckle Ride
My 401k lost over 20% of its value from year to date.
Woe to you, oh earth and sea
For the Devil sends the beast with wrath
Because he knows the time is short
Let him who hath understanding reckon the number of the beast
For it is a human number
Its number is six hundred and sixty-six
For the Devil sends the beast with wrath
Because he knows the time is short
Let him who hath understanding reckon the number of the beast
For it is a human number
Its number is six hundred and sixty-six
Re: Stock Market White Knuckle Ride
It all really depends on what its invested in. Think about it this way... The stock market last November hit an all time high of just north of 36,000. In March of 2009 it bottomed out at 6300. That means that at its previous close (30000-ish) it was still worth 24,000 points more than its most recent bottom. Audiophile wants you to light your hair on fire about that.
Re: Stock Market White Knuckle Ride
I don't have a lot of confidence in 401k's. We're in troubled times and my 401k is taking a beating. I have been kicking around the idea of buying silver bullion. Prices are fairly reasonable for an ounce. Maybe a little diversification won't hurt.
Woe to you, oh earth and sea
For the Devil sends the beast with wrath
Because he knows the time is short
Let him who hath understanding reckon the number of the beast
For it is a human number
Its number is six hundred and sixty-six
For the Devil sends the beast with wrath
Because he knows the time is short
Let him who hath understanding reckon the number of the beast
For it is a human number
Its number is six hundred and sixty-six
- Colonel Flagg
- Posts: 1374
- Joined: Tue Nov 18, 2008 3:54 pm
Re: Stock Market White Knuckle Ride
401K is a sucker's game. Avoid at all costs.
"Don't you knock when you enter a room?"
Re: Stock Market White Knuckle Ride
Bump.
Dunno where audiophiles investments are sittling, probably Christrian broadcasting and chastity belt futures, but I have done quite well so far in 2023.
Dunno where audiophiles investments are sittling, probably Christrian broadcasting and chastity belt futures, but I have done quite well so far in 2023.
The censorship king from out of state.
Re: Stock Market White Knuckle Ride
When OP does the five-knuckle shuffle it sounds like the Salvation Army is collecting around Christmas because he has a set of keys in the opposite hand holding him up as he peeks around a door frame.
Re: Stock Market White Knuckle Ride
BTW, I like your new profile pic infinitely more. I would prefer one showing her long legs, but this is clearly a change in the right direction.
The censorship king from out of state.
Re: Stock Market White Knuckle Ride
- Lester The Nightfly
- Posts: 1768
- Joined: Thu Aug 11, 2005 6:19 pm
Re: Stock Market White Knuckle Ride
What ever you do, don't try and chase the market or time it. It makes for quick way to get clobbered.
Re: Stock Market White Knuckle Ride
The censorship king from out of state.
Re: Stock Market White Knuckle Ride
He probably thinks it is because of the Biden impeachment inquiry.
Voting for Trump is dumber than playing Russian Roulette with fully loaded chambers.
Re: Stock Market White Knuckle Ride
My investment in TQQQ is up about $7400 year-to-date. That recoups the amount it lost and then some the year before. Nice to finally be back in the green.