I'm late to the party. Took everything out Friday (EVERYTHING) and now it's back up. I think this is a temporary bull until corona starts hitting the fan full fledge. In the meantime, what's everyone playing in? is it more day trading for some in this volatility? [Reply]
Originally Posted by wutamess:
I'm late to the party. Took everything out Friday (EVERYTHING) and now it's back up. I think this is a temporary bull until corona starts hitting the fan full fledge. In the meantime, what's everyone playing in? is it more day trading for some in this volatility?
Well, depending on how close to retirement you are, I hope that works. I'm letting it ride. My 401k and TSP have taken a hit in value for sure, but it will recover. As far as stocks, just finding good value stocks is pretty good right now. [Reply]
Originally Posted by wutamess:
I'm late to the party. Took everything out Friday (EVERYTHING) and now it's back up. I think this is a temporary bull until corona starts hitting the fan full fledge. In the meantime, what's everyone playing in? is it more day trading for some in this volatility?
That was absolutely the wrong thing to do. The corona virus presents a supply-side issue, not a demand-side issue. Therefore once this tampers down things are going to rocket back up.
Best thing you can do is buy back in on dips from here on out. You got 25 years until you retire. WTF are you selling everything? [Reply]
Originally Posted by petegz28:
That was absolutely the wrong thing to do. The corona virus presents a supply-side issue, not a demand-side issue. Therefore once this tampers down things are going to rocket back up.
Best thing you can do is buy back in on dips from here on out. You got 25 years until you retire. WTF are you selling everything?
So I can buy back in if it goes down. IF. If it goes up, I'll buy back in. either way, I think it's going to go down much more with the number of deaths climbing and more companies putting out guidance misses.
Hopefully I"m right going against conventional wisdom. [Reply]