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The Water Cooler
General Discussion
Stock Market… this isn’t good IMO
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<blockquote data-quote="TANSTAAFL" data-source="post: 3848237" data-attributes="member: 27098"><p>When people are saying they want to get out of the market at this point, it's two late if you ever hope to recoup your losses. Hopefully you have a sufficient cash position to weather the next couple years. Timing the market does not work. Having sufficient cash though can benefit you if there is a significant downturn (loss of 10,000 Dow, loss of 1000 on the Nasdaq) dump it into the market. No one talks about people that became wealth after the stock market crashes or "readjustments." Selling at this point locks you permanently into all the losses. If you have five or ten years, have most of your money in Stocks or Mutual Funds, ride it out. As for Bitcoin and other cryptos, IMHO it is too open for theft and has lost it's allure because of government involvement. As for precious metals, things really got to get extremely bad, however they are a good place for some of your money. Sad part is with gold, silver and the ilk no one talks about how the government confiscated gold during the depression years.</p></blockquote><p></p>
[QUOTE="TANSTAAFL, post: 3848237, member: 27098"] When people are saying they want to get out of the market at this point, it's two late if you ever hope to recoup your losses. Hopefully you have a sufficient cash position to weather the next couple years. Timing the market does not work. Having sufficient cash though can benefit you if there is a significant downturn (loss of 10,000 Dow, loss of 1000 on the Nasdaq) dump it into the market. No one talks about people that became wealth after the stock market crashes or "readjustments." Selling at this point locks you permanently into all the losses. If you have five or ten years, have most of your money in Stocks or Mutual Funds, ride it out. As for Bitcoin and other cryptos, IMHO it is too open for theft and has lost it's allure because of government involvement. As for precious metals, things really got to get extremely bad, however they are a good place for some of your money. Sad part is with gold, silver and the ilk no one talks about how the government confiscated gold during the depression years. [/QUOTE]
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Stock Market… this isn’t good IMO
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