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CM, same here. Unless I contribute all 26 pay checks, I miss the match for that pay period. Unfortunately, it's not made very public, and I found out the hard way.
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Thanks for the caution. My last employer worked that way. My new one will give the full match for front-loaded contributions.Comment
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Seriously, we are congratulating this forum for not freaking out about a 4% decline over the last week and a 2% decline on Friday? I wouldn’t be surprised next Monday afternoon with a bounce and eventually over the next few weeks another higher high.
IMHO, if people are congratulating themselves for not reacting to a 4% decline, I am definitely interested to see how this forum reacts if/when the real top is reached. And, I wouldn’t be surprise that after that if/when day happens, people will know.
Point taken. I’m not at all surprised that people didn’t sell everything, buy gold, and beg Crixus for directions to his bunker.
I was a little surprised that the worst single DJIA day and week in a couple years didn’t even get a mention on the forum, this being an investing forum, and all.
I actually had a hearty laugh yesterday. After waiting 6 months to be eligible to contribute to my new 401k, I was finally eligible this week. You guessed it- my paycheck (with ~$10k 401k contribution to 100% stocks) went through Thursday.
Thats awesome. I once got similarly lucky with a very small account from my wifes old employer. Rolled it over, became live finally a week or two later the monday after brexit. Her account performance is amazing.Comment
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The 600 point drop was front page with huge type on the wsj today. Impossible to miss. Did I do anything no.Comment
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A 600 drop if the Dow was 6443 is something. But at >25K, the 600 point drop is meh.Comment
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Among my and my wife's peers, I consider myself one of the most financially savvy (very low hurdle, mind you). I vaguely remember seeing a headline Friday afternoon that markets were down but didn't know the extent, nor did I care to click the link since it seems those articles are a dime a dozen. My wife comes home Friday night and tells me everyone was talking at her work about the markets crashing (she pays no attention to financial matters). I told her I didn't care.Comment
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I feel somewhat guilty saying this because I know that there are many retired/near-retired folks on here, but I’m cheering for a big correction/bear market. I’m 36 y/o and I need to “stock” up on shares at a fair price. I remember when I first started coming to this forum shares of VTI (Vanguard total stock mkt etf) were trading at around $109/share…as of friday they were still at $141. So, I’m not really getting excited just yet. But, if we hit a major downturn and prices really plummet, I might temporarily hold off on paying off the rest of my low interest student loans and start buying shares in the taxable account.
Anyway, I have a feeling the last couple of days of trading will not amount to anything major. We’ll probably see a rebound on Monday. It will be fun to watch though.
No need to apologize. I’m 59, and I’d much rather a major downturn now than right after I retire.My Youtube channel: https://www.youtube.com/channel/UCFF...MwBiAAKd5N8qPgComment
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666 no less. Despite this, AMZN still bumped 2.5% UP. geez, why why why did I sell last year?!? Meh.
Just hoping no black monday around the corner.Comment
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I had no idea until someone posted on a Facebook group. I never really look. On the other hand, I keep forgetting to fund my Roth IRA for this year so a little dip doesn't hurt.Comment
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I feel somewhat guilty saying this because I know that there are many retired/near-retired folks on here, but I’m cheering for a big correction/bear market. I’m 36 y/o and I need to “stock” up on shares at a fair price. I remember when I first started coming to this forum shares of VTI (Vanguard total stock mkt etf) were trading at around $109/share…as of friday they were still at $141. So, I’m not really getting excited just yet. But, if we hit a major downturn and prices really plummet, I might temporarily hold off on paying off the rest of my low interest student loans and start buying shares in the taxable account.
Anyway, I have a feeling the last couple of days of trading will not amount to anything major. We’ll probably see a rebound on Monday. It will be fun to watch though.
No reason to feel guilty. It's not like you (or I) could make it happen. You will undoubtedly have the pleasure of experiencing some bear markets during your professional career.Comment
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I was expecting to read some tearful panicky posts last night or today. So far everyone is calm.
And yet I have a certain fondness for the Bogleheads "U.S. Stocks in freefall" post that's now in its 7th year and 93rd page. It gets bumped without fail with every 1% daily drop.
Maybe this can be the post we revisit every time the sky starts falling.
Aloha!
-PoFComment
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I’m not worried at all. I have what a lot of people don’t and that’s ‘enough’. I’m fully invested for the long term and any drops and rises mean nothing. It’s all going to the grandkids anyway!Comment
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Rest of world need to read this thread:
http://money.cnn.com/2018/02/05/investing/global-stock-markets/index.html?iid=hp-toplead-dom
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I wonder if that was the top. Who knows. If it was, there would be a bounce back and there would be headlines that things are all good again. Things would move sideways until no one is worried about a top. The only sign would be higher volatility which would be expected since it has been so low lately anyway.
I actually changed my AA from 7% cash to 5% cash last week. Then immediately, I thought darn, I must be buying the top again so went and reversed it the next day. I think I am a good contrarian indicator. But now that I know this I can reverse my usual impulses.
I don't watch news much, but despite this, I still have an urge to buy tops so I am not sure where that comes from.
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I did send a note out to clients and others who get my regular emails. I learned years ago it was important to over-communicate and stay in front of any pullbacks. My messages are always a reminder to look at the big picture and ignore places like CNBC.
Oh, and the pullback was my fault as earlier in the week I referenced to clients we had just set the longest streak since a 5% correction in the market. My bad!Comment
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