We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
Buy with what? (Not sarcasm, about a third of our money is in cash and government bonds.) But that’s why it’s there, because of volatile markets. I am a novice investor, at best, and scared as hell to try to time the market.
Also… my wife wouldn’t let me.
Keeping a bit of $$ in your equity account is a good thing to do for situations like this. I invest 25% of my equity reserve for each drop of 5-10% where it will allow me to decrease my basis. In addition, the current situation is an opportunity to move equities from an IRA to a Roth.
Interesting graphic from today at maker open and close. Funny too, many stocks opened in green closed red.
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Stay the Course, but in the future make sure you have enough in a cash reserve for at least 1 year of planned withdraws or RMD’s.
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Sit tight. Buy if it gets a lot lower
George Moran Sent from my iPhone 407.395.2105 321.250.7838 Fax 407.797.0833 Cell
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Buy with what? (Not sarcasm, about a third of our money is in cash and government bonds.) But that’s why it’s there, because of volatile markets. I am a novice investor, at best, and scared as hell to try to time the market.
Also… my wife wouldn’t let me.
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Keeping a bit of $$ in your equity account is a good thing to do for situations like this. I invest 25% of my equity reserve for each drop of 5-10% where it will allow me to decrease my basis. In addition, the current situation is an opportunity to move equities from an IRA to a Roth.
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What can you do?
I won’t change anything. Continue dollar cost averaging in as always.
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