11 AM Eastern time the Dow was down 1,700 points. Ouch All of Trump's gains are melting away as well as a lot of my portfolio. Good thing I went from a moderately aggressive portfolio to a conservative portfolio about three months ago.
Shit is hitting the fan. We are finally seeing the Trump economy in effect. All those tax breaks and low interest rates when times are good means nowhere to go now. The only silver lining to this all is that it probably means one term for Trump.
You need to get back to being aggressive. This is all based on Coronavirus uncertainty.IF You believe that coronavirus will go away in the next few months, beat the panic. These conditions are where wealth is made. The government will step in like they always do and throw life preservers. No, I don't think the economy is good. I don't think its solid. But something will come in to intervene (which I don't personally agree with) whether it be some kind of TARP 2.0 or QE4.
And if you're on the younger end of the spectrum. now is the time to travel. Just don't go anywhere really impacted by coronavirus, naturally.
Yeah, now is the time to buy stocks, since all of us are doing so great that we have tons of money just to throw at the stock market. Who needs food or rent, amiright?
I've had money on the sidelines waiting for this but I don't think it's time to buy yet. The oil situation is a new wrinkle, I'm thinking a few weeks to a month for things to bottom out.
This is actually kind of my plan too, about a week or two though for me, though who knows a lot can change and quickly.
Don't wait too long. The time you'd want to really get in is before any government stimulus program happens. After that, everyone will go in. If there is a slowdown in the spread in other countries, that's probably a good indicator that the market will turnaround. Watch what's happening in Korea and Italy.
Not only that, Jules, but the time to buy is not when stocks are on a downward trend as they are now, but instead when they have bottomed and apparently on their way back up.
I agree but I think the corona virus is still ramping up, probably won't know it's full effect for a while. The oil war is looking brutal in the short term. I think the market hits 19k. A stimulus will take a while to put together. I'm watching oil ETFs currently they will be a buy soon. Sold some gold ETFs today at a yearly high.
You don't know when the bottom is. Dollar cost average. Buy a little over time, on the way down and on the way up. People will just wait until its too late. The gains won't be optimal, but at least you'll get the gains.
