Investing 102

[Vegas69]

I don't know fellas, things may just be going on sale. I won't quit my normal retirement contributions, but I'm not parting with my cash just yet.

[toy71camaro]

Originally Posted by Vegas69

I don't know fellas, things may just be going on sale. I won't quit my normal retirement contributions, but I'm not parting with my cash just yet.

Yeah... I think I'm going to hold out longer before putting my cash to work. With the announcements like the NBA and NCAA events, I think there will be more red days to follow, with more panic to ensue. Of course I could be totally wrong. I'm definitely not an expert nor did I sleep at a holiday inn last night. lol

[Vegas69]

Your guess is as good as anybody’s!

[SSLance]

As long as this is on the news 24/7, we aren't at the the bottom. Powder staying dry here...

In 2008 we were heavily into High Yield Bond funds and got hammered relentlessly. I can still remember the feeling of just getting kicked in the stomach continually for doing nothing wrong. It soured me horribly on the market as a whole and it took a lot of prodding by GW and you guys to get me back in.

This time around, I'm much more confident in our choices and see the forest through the trees so to speak.

I'm more concerned about the safety of ourselves (and others mainly). Have 3 sets of friends and relatives with plane tickets bought to go somewhere that are heavily considering their options. One is a couple in their late 70s leaving on a 6 week (bucketlist) trip to Australia next week. Those are the HARD decisions that will have to be made.

[XLexusTech]

Originally Posted by toy71camaro

Yeah... I think I'm going to hold out longer before putting my cash to work. With the announcements like the NBA and NCAA events, I think there will be more red days to follow, with more panic to ensue. Of course I could be totally wrong. I'm definitely not an expert nor did I sleep at a holiday inn last night. lol

trickeling in buys on good equities that are way down buyt I am still up 100% or 200% on ..

and adding cash so I be ready to fire when ready

[BonzoHansen]

Originally Posted by SSLance

As long as this is on the news 24/7, we aren't at the the bottom. Powder staying dry here...



.

I agree. Sadly i think we have more drop ahead.

More time to research and buy. A lot of quality on sale.

[rustomatic]

There is always a sale, but the one ya'll might be looking for is not on yet. It's time to put on your 2008 glasses (we're all that old, right?) and cinch up your out-of-date harnesses . . .

Yeah, I'm a bummer, but all need to begin seeing the collateral damage that will come from the actual economy and what it is about to become. Save some money, and leave some toilet paper on the shelf for your neighbors.

Get outside and breathe in an open space. Invest in good beer and exercise. I did this by riding my bike to a local brewery in the all-too-rare sun yesterday. It was perfection . . . money and energy well spent.

[glassman]

^^^^true dat

[68454RS]

Maybe a dumb question but, i'm completely ignorant to this stuff..
Would y'all recommend putting a hold on my company 401K paycheck contributions for the time being to have more cash available or just keep taking the deduction and making the contributions. I'm doing a 20% contribution at this time.
thx

[Vegas69]

It depends....

Age?
Do you have 6+ months liquid for an emergency right now?

I personally plan to keep buying monthly, but I may adjustment my risk level in my accounts. I don't retire for 22+ years.