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Insoxicated
You called a panic thread on a drop of 500?! You're talking about on the NASDAQ, right?Fantasy Football - Footballguys Forums
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Get Your Money out of the Market (1 Viewer)
- Thread starter LHUCKS
- Start date
You called a panic thread on a drop of 500?! You're talking about on the NASDAQ, right?
Politician Spock
Footballguy
Depends on the impact of QE3.If QE3 is effective, the impending crash will be pushed a year or two into the future once again.If QE3 is ineffective then we are bearing down on the crash in the not too distant future.The first couple months of QE3 aren't looking good so far, but that may have more to do with politics than Fed policy, so the jury is still out.
LHUCKS
Footballguy
500 minimum, and you're calling it a "panic thread", not me.Fade me if you don't believe me, see how that works out for you. So far you've lost percentage points of your savings...oops.
LHUCKS
Footballguy
I think that's a relatively rosey prognostication. The QE measures are slowly effecting our credit rating which will continue to deleteriously effect the economy. The agencies are watching, and while the armchair economists in this forum blow them off, another credit rating dip for this country will have real consequences...just like it did the first time, although a second blow to rating would likely be more severe.
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pantherclub
Footballguy
just.stop
Politician Spock
Footballguy
The fact that the Fed decided to implement QE3 is an indication that things are NOT rosey. A doctor doesn't put a patient on drugs when the patient is healthy.If QE3 is effective, it will dull the pain for a while. if it's not, we're f'd and you are right.
LHUCKS
Footballguy
I meant that your post was relatively rosey, not that your market outlook was...I think we're mostly on the same page.My point is that the market is f'd either way...the QE measueres have a "Drag down" effect on the markets.Even if the cliff is successfully avoided, we've got Iran/Middle East and Europe. Investing in the market now is like drafting a 38 year old runningback in the first round, all risk, no reward.
Politician Spock
Footballguy
I agree. My exposure to the market is limited to a 401k where the options are only stock funds or bond funds.... Or pay the penalty to withdraw it. I sold the rest of my stock market exposure and paid off all my debts... My mortgage, my car loans, etc.... I'm going into this next round debt free and with limited exposure to Wall Street.The market has had some good days since I got out, but I equate that to people playing Russian Roulette.... They click the gun and celebrate that they won again today, and tomorrow they will click the gun again and celebrate again that they won, and mock those who got out and are missing out on all this winning..... But then one day.... BANG!!!!
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Insoxicated
So you started a thread telling everyone in the FFA to get out of the market because it might drop 4%...or more sometime in the undefined period of the future?
Roger that, captain vaguery.
In other news....
EVERYONE... AVOID AIR TRAVEL.
THERE'S GOING TO BE A PLANE CRASH/INCIDENT WITH AT LEAST ONE INJURY SOMETIME!
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The Ref
Footballguy
Yet at the same time leaving your money in all cash in a time of inflation can also be dangerous. Regardless if you think the market is going up or down the most important thing is you pay attention. I could be dead wrong, but I think we are going to start to see some volatility over the next 6 months. There are times where you can leave your money invested for the long term and not worry about the market going up or down 10% over any given year. I think we are exiting such a period and active management is prudent.
Mark Davis
Footballguy
I've got some active but using all my SEP these days to just roll with VAIPX (Vanguard's TIPS fund). I don't trust this market at all.
Wildcat
Footballguy
I'm considering borrowing from my 401K next May to purchase a primary residence. (Yeah, I know, don't borrow from your 401K). Currently my 401K allocation is:
Growth 40.0%
Growth-and-income 44.9%
Equity-income/Balanced 10.0%
Bond 5.1%
Would it be wise for me to transfer all my money into a stable fund now? My concern is if there is a crash, my available balance to loan will drop below what I need it to be next May. I'm a moron and don't understand what the hell I am doing. TIA.
Growth 40.0%
Growth-and-income 44.9%
Equity-income/Balanced 10.0%
Bond 5.1%
Would it be wise for me to transfer all my money into a stable fund now? My concern is if there is a crash, my available balance to loan will drop below what I need it to be next May. I'm a moron and don't understand what the hell I am doing. TIA.
pittstownkiller
Footballguy
My advice would be to get some paid advice and not from this message board; not trying to be a doosh but you'll have people favoring every single option that you have here, making decisions with a partial amount of information that they would need to know.
Wildcat
Footballguy
Not a doosh. That's good advice. I have a financial guy I can call, and I was going to. I was just reading this thread and had a knee-jerk moment.
Hipple Long Ware & Peete
Footballguy
Standing Hampton
Footballguy
One of your "guys" is named "Caroline".
Please See Mine
Footballguy
I took it out today!
Don't borrow from your 401k and certainly don't listen to the forum's resident dumbasses like LHUCKS to inform your investing decisions. KISS: Keep it simple, stupid
St. Louis Bob
Footballguy
12,651 nowMy link
lucky>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>good
Mr. Soup Nazi
Footballguy
Dow is at its lowest point since June.
LHUCKS
Footballguy
Fennis
Footballguy
make sure you tell us when to go back in
Limp Ditka
Footballguy
I know its been a rough run, but I hope everyone has weathered this 42 point drop over the last 2 1/2 months.
Leroy Hoard
Footballguy
Good thing I got in 50 1/2 months ago.
NewlyRetired
Footballguy
With the rally today I think the Dow is now higher than when doomsday was predicted at the start of this thread.Dow was at 12,997 when the thread started. Dow closed at 13,009 today.
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pantherclub
Footballguy
Lol at you
Ursa M
Footballguy
Closed already? Is it a half day?ETA: Never mind, it closed at 1:00 Eastern.
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Politician Spock
Footballguy
Two months of QE3.... No gain yet.
The Ref
Footballguy
It's a fiscal cliff/Mid East/Europe news cycle now. QE and the POTUS are old news.I do think QE ~ ~ does put a floor to the market though, that helps.Two months of QE3.... No gain yet.
NewlyRetired
Footballguy
The beauty of this is no matter what happens from this point on, this thread is now null and void. Nothing worse than trying to time the market in a single day play. Intelligent people would say something like "there are some decent concerns out there that may see the market drop over time. Perhaps slowly dollar cost averaging out some of your position into different investments over the next year might be worth considering"Idiots say things like "take all of your money out today".
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Insoxicated
Exactly.I don't think there are many sane investors out there that didn't think the market is ripe for a correction of sorts... However the attention whorish manner in which this was done (not surprisingly) is always going to bring about derision.... Particularly from a walking handjob like shucks.
Josie Maran
Footballguy
walking handjob pantherclub
Footballguy
I doubt lhucks shows back up
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Insoxicated
Oh as soon as the market dips again (which it will) he will be strolling in here just like nostradumb###. Just like clockwork.
NewlyRetired
Footballguy
but that is the whole point of my previous post.It makes no sense to come back in here if/when the market drops when the original claim was that it was going to drop immediately months ago. Unless the original poster is a complete moron.....oh wait, I see your point now
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13,021.82 right now.Over the next four months several factors (including but not limited to Europe and the political mudslinging) are going to result in significant stock market losses IMHO. It may not happen, but I think the likelihood is much stronger than an increase.The Dow is at 12,997 right now.
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LHUCKS
Footballguy
Got into oil earlier this week(see stock thread)...safer than stock.13,021.82 right now.Over the next four months several factors (including but not limited to Europe and the political mudslinging) are going to result in significant stock market losses IMHO. It may not happen, but I think the likelihood is much stronger than an increase.The Dow is at 12,997 right now.
Mr. Pickles
Footballguy
Vindication!Got into oil earlier this week(see stock thread)...safer than stock.13,021.82 right now.Over the next four months several factors (including but not limited to Europe and the political mudslinging) are going to result in significant stock market losses IMHO. It may not happen, but I think the likelihood is much stronger than an increase.The Dow is at 12,997 right now.
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Insoxicated
So you're 100% in oil? I applaud your intelligent use of diversification.
Maelstrom
Footballguy
http://live.wsj.com/...6B-9DC23DD82BEF
(Note: I should say I don't support Cuban's view for the average investor. But maybe LHUCKS isn't the average investor.)
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LHUCKS
Footballguy
Joe Summer
Footballguy
He's still got a month to go to be redeemed.13,021.82 right now.Over the next four months several factors (including but not limited to Europe and the political mudslinging) are going to result in significant stock market losses IMHO. It may not happen, but I think the likelihood is much stronger than an increase.The Dow is at 12,997 right now.
LHUCKS
Footballguy
technically 50% in oil...so getting out of the market has been a net gain for me.Will likely hand pick stocks frome here on out and stay away from funds/indeces.
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Politician Spock
Footballguy
So two and half months of QE3 has produced a 0.2% market gain.The Fed's bag of tricks might be losing their potency.ETA: I hope those mocking LHUCKS realize that the Fed wouldn't have decided to start QE3 if there wasn't some degree of truth to what LHUCKS said. It doesn't QE stable or good markets.13,021.82 right now.Over the next four months several factors (including but not limited to Europe and the political mudslinging) are going to result in significant stock market losses IMHO. It may not happen, but I think the likelihood is much stronger than an increase.The Dow is at 12,997 right now.
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Dentist
***Official FBG Dentist***
what do you do in your 401k where there aren't those types of options?
I agree that buy and hold is for idiots, but the truely idiotic thing that people do is to invest thier financial future into a mechanism that they do not understand. If you cannot explain what you are buying, and why you expect it will increase in value, you are better off paying off your house or keeping your savings in cash. Diversification can still be a good strategy for people who can't pay the same level of attention as Warren Buffet. Meaning, if you think the stock market will go up and can justify why, it isn't a bad idea to put all of your money into a market based mutal fund. The low fees, combined with a rising tide lifting all stocks will still allow you to capture most of the upswing. If you have a job, kids, and elderly parents, this may be the best you can do.
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