What are your thoughts on the Stock Market or maybe just investing in general??
06-04-2020, 06:37 AM
I really wish I had more time to be watching it more lately. I need to be talking to my financial advisor soon and just thought I would throw the question out in the universe and see what happens.
I had a game plan at the beginning of the year and had some other options present as the year continued on. Due to one option it did delay one big chunk of my investing during the last low this year. I am always consistent with investing yearly contributes, but sometimes I have other jobs that allow me to invest more and this is something that isn't consistent for me.
Also, some years save up enough to do some big lump sum contributes every few years, although I had original game plan for that and hope to meet it maybe in the next 3-5 years if income remains good. I am torn if I do meet this goal if I should proceed and use this as a GAP funding (money before retirement to live off of), but I don't plan to quit all means of income just maybe decrease the full-time hours.
I would like to continue to invest, but I am trying to find happy medium between having enough for when I need it and just being ahead of it for low income years, but able to take advantage of huge gains when the chance might arise or even tough situations if they would happen.
I know you can't time the market, but the current situation I still want to hold out. I also have this feeling that I want to to sell off some stocks or have more cash and we will see what the advisor says about that.
I might be getting my emotions involved and that could be dangerous, but something just doesn't feel right. I don't understand why this market is stilling going up like this. Economy was good prior yes, but it just seems wrong and like something is just off. I almost feel like there is greed involved and that makes me want to sell now. My mind is screaming: "SELL HIGH, BUY LOW!!!" "Take the money and run and you can wait it out for a low." Waiting for deals has trained my brain, for some reason you don't want this right now and you don't want those prices.
Sayings keep coming to me while this stuff has been happening. "The calming before the storm", "It is going to get worse before it gets better", "The other shoe has not dropped". "It is wise to be Fearful when others are greedy and greedy when others are fearful.” -Warren Buffett. "Buy when there's blood in the streets, even if the blood is your own."-Baron Rothschild- I am just not really hurting and most people around here don't seem to be. They are all staying home, getting things done and going about their merry little ways.
It concerns me that people are not fearful during this time. I take advantage of the opportunities when times get tough that is what I am preparing for. I save for when things go low and there is a deal, that is what saves me money. My thoughts are we are treading water and market is going to go lower and the full affect has not happened yet. I want the market to be good in the long run, but things tend to go in cycles. You have to have the good and the bad or either one wouldn't mean anything to you. You have to have good to strive for things and have bad to keep from not wanting to be there or go back to that. “If There Is No Struggle, There Is No Progress” Frederick Douglass.
I guess time will tell. I think I heard that unemployment checks run out about July. I was thinking around fall there could be a drop, but in past history it could take 1-1.5 years sometimes for the market to drop. Somethings like food process might have a delay before you realize the full effect it has caused.
I had a game plan at the beginning of the year and had some other options present as the year continued on. Due to one option it did delay one big chunk of my investing during the last low this year. I am always consistent with investing yearly contributes, but sometimes I have other jobs that allow me to invest more and this is something that isn't consistent for me.
Also, some years save up enough to do some big lump sum contributes every few years, although I had original game plan for that and hope to meet it maybe in the next 3-5 years if income remains good. I am torn if I do meet this goal if I should proceed and use this as a GAP funding (money before retirement to live off of), but I don't plan to quit all means of income just maybe decrease the full-time hours.
I would like to continue to invest, but I am trying to find happy medium between having enough for when I need it and just being ahead of it for low income years, but able to take advantage of huge gains when the chance might arise or even tough situations if they would happen.
I know you can't time the market, but the current situation I still want to hold out. I also have this feeling that I want to to sell off some stocks or have more cash and we will see what the advisor says about that.
I might be getting my emotions involved and that could be dangerous, but something just doesn't feel right. I don't understand why this market is stilling going up like this. Economy was good prior yes, but it just seems wrong and like something is just off. I almost feel like there is greed involved and that makes me want to sell now. My mind is screaming: "SELL HIGH, BUY LOW!!!" "Take the money and run and you can wait it out for a low." Waiting for deals has trained my brain, for some reason you don't want this right now and you don't want those prices.
Sayings keep coming to me while this stuff has been happening. "The calming before the storm", "It is going to get worse before it gets better", "The other shoe has not dropped". "It is wise to be Fearful when others are greedy and greedy when others are fearful.” -Warren Buffett. "Buy when there's blood in the streets, even if the blood is your own."-Baron Rothschild- I am just not really hurting and most people around here don't seem to be. They are all staying home, getting things done and going about their merry little ways.
It concerns me that people are not fearful during this time. I take advantage of the opportunities when times get tough that is what I am preparing for. I save for when things go low and there is a deal, that is what saves me money. My thoughts are we are treading water and market is going to go lower and the full affect has not happened yet. I want the market to be good in the long run, but things tend to go in cycles. You have to have the good and the bad or either one wouldn't mean anything to you. You have to have good to strive for things and have bad to keep from not wanting to be there or go back to that. “If There Is No Struggle, There Is No Progress” Frederick Douglass.
I guess time will tell. I think I heard that unemployment checks run out about July. I was thinking around fall there could be a drop, but in past history it could take 1-1.5 years sometimes for the market to drop. Somethings like food process might have a delay before you realize the full effect it has caused.
