Nasdaq futures down about 5% pre-market!
Oil below $39.00 - down more than 4%!
Hold on!
Oil below $39.00 - down more than 4%!
Hold on!
I think this is more related to the China market that was down more than 8% as of this morning.
I don't think it's been high, I think if you take the lower value of the dollar due to quantitative easing, it is probably inline with real valuations
Drops like this are rare, and are long term buying opportunities!
I don't think it's been high, I think if you take the lower value of the dollar due to quantitative easing, it is probably inline with real valuations
Drops like this are rare, and are long term buying opportunities!
Perfect opportunity to use some loose change on some speculating.
I have helped my 19 yo daughter open a Roth. She has funded it herself. I am helping her make her initial purchase today of a S&P Indexed mutual fund. After today, the fund should be around 15% or more off its 30 day average. In my opinion, it is on a fire sale today and with 30+ years to retirement, this initial investment could be enough to retire on.
I have tried to teach her about dollar cost averaging and making systematic contributions over time, which she plans to do.
The timing of this correction couldn't be better for this scenario.
I have tried to teach her about dollar cost averaging and making systematic contributions over time, which she plans to do.
The timing of this correction couldn't be better for this scenario.
I wish I had some liquid to splash around.
I don't think so, I don't think we have even gotten started yet. We'll know in 3 weeks, which marks the end of the Shemitah year, it happens every seven years, 2001, 2008 were good examples.
