Stock market
- Thread starter bobback
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Drewd
Well-known member
I'm 3 years older then you and I find it impossible to time the markets so at your age, I'd recommend you leave it in the market and if it crashes, it'll will always come back.
However, if you really think the eventual correction will be a big one, then moving stuff over into cash, bonds, and even metals (gold/silver) wouldn't be a bad idea. I've got another 15-18 years before I retire so I'm keeping it at 80% stock, 10% bonds, and 10% gold/silver. If I was 1-2 years before retirement, I'd probably pull out 75% of my money from the stock market because I think a correction is overdue.
Good luck in your decision.
However, if you really think the eventual correction will be a big one, then moving stuff over into cash, bonds, and even metals (gold/silver) wouldn't be a bad idea. I've got another 15-18 years before I retire so I'm keeping it at 80% stock, 10% bonds, and 10% gold/silver. If I was 1-2 years before retirement, I'd probably pull out 75% of my money from the stock market because I think a correction is overdue.
Good luck in your decision.
Gold. I'm planning on a big correction.
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I am not an expert so I can only state my opinions. And that's all they are.
Drewed is correct. You can't time the market. Unless you are someone like Warren Buffet.
Hire a financial advisor (by the hour). My wife has a financial advisor at work so it is free for her and he has done very well for her, safely.
Your expense ratio should be less than 1% I am told.
Right now stocks are high, so is the cost of buying them.
The market will tank.
Marry a gal that has a good job.
And have fun while you can.
Drewed is correct. You can't time the market. Unless you are someone like Warren Buffet.
Hire a financial advisor (by the hour). My wife has a financial advisor at work so it is free for her and he has done very well for her, safely.
Your expense ratio should be less than 1% I am told.
Right now stocks are high, so is the cost of buying them.
The market will tank.
Marry a gal that has a good job.
And have fun while you can.
J
Jaynelson
Well-known member
Timing a market crash is impossible for average Joe....but it all really boils down to what you hold, your timeline and your risk tolerance. Pull it all to cash or bonds now....guaranteed to make nothing. Market seems hot for sure...but does it have another month to run? A year? 3 years? Stuff that seems overvalued today might seem cheap in a month or a year (thinking of all the real estate I should have bought over the years).
Are you holding mutual funds, precious metals, ETF's, individual stocks, all of the above? US based, or global? Given that....would you be thinking of a global downturn, or more specifically US? Certain things are still "down" significantly from all time highs....many CDN energy companies, oil companies, oil itself, yada, yada. So it really depends where you think that's all going. Some industries are just on the upswing....as we prep for legal weed in Canada, are some of the still small-ish companies prepping for that the next alcohol and tobacco companies?
The diversified stuff will likely feel a market downturn, but you could argue that certain individual companies may not be affected much by a down turn. The precious metals (such as gold) tend to rise during times of uncertainty. It's always a tough call....my best guess is that if you have a 10 year plus timeline for the money, and diversified holdings you are probably good either way.
Selling high and buying low is everyone's goal...but timing it is largely luck without being a full time stock guru. Even then....does your stock advisor end up with better overall returns than a small selection of good mutual funds? Many don't. If you are playing your own small selection of individual stocks....you are likely a risk taker and your guess is probably as good as anyone elses. I think my stock picks are great, but they don't always turn out great....or may take some time to do so.
Are you holding mutual funds, precious metals, ETF's, individual stocks, all of the above? US based, or global? Given that....would you be thinking of a global downturn, or more specifically US? Certain things are still "down" significantly from all time highs....many CDN energy companies, oil companies, oil itself, yada, yada. So it really depends where you think that's all going. Some industries are just on the upswing....as we prep for legal weed in Canada, are some of the still small-ish companies prepping for that the next alcohol and tobacco companies?
The diversified stuff will likely feel a market downturn, but you could argue that certain individual companies may not be affected much by a down turn. The precious metals (such as gold) tend to rise during times of uncertainty. It's always a tough call....my best guess is that if you have a 10 year plus timeline for the money, and diversified holdings you are probably good either way.
Selling high and buying low is everyone's goal...but timing it is largely luck without being a full time stock guru. Even then....does your stock advisor end up with better overall returns than a small selection of good mutual funds? Many don't. If you are playing your own small selection of individual stocks....you are likely a risk taker and your guess is probably as good as anyone elses. I think my stock picks are great, but they don't always turn out great....or may take some time to do so.
You want stock market advice on a snowmobile forum?
You want stock market advice on a snowmobile forum?
I think there are some savy individuals on here.
(not me by any means)
But I took a tip from someone on here a few years back that initially payed very well when I sold.
I got greedy and still sitting on some stock that bottomed and stayed.
Very hard to not let greed cloud your judgement, when greed is the motivation for participation in the first place.
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