Is the stock market going to crash again?
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M$8 Answers
"Looking at the day to day ups and downs of the market will not be helpful to you.. that is what you pay me for" and then "The market will always have bad days and bad months but it always has come back and even stronger than before, we look at the ups of a market as well as the downs of the market both as earning opportunities" and finally "Your investments are for a lifetime, don't let a bad day, week, or month cause you to panic and make a poor trade decision".
Since I started making enough money to really make some investments he has been slowly steadily increasing the value of my investments and I trust him to continue to do so. He was also the successful investment adviser to my father and told me that even my dad panicked a few times but always stayed the course.
So I give you the advice he gave me, see the long term and do not let the short term sway your investment strategy. Only allow the short term market ups, downs, and corrections to prove to yourself the importance of a carefully formulated and really stuck to long term investment plan.
Of course if the short term speculative market is the one you invest in.. well I would recommend you stop that and start investing for the long term. Short term investing can be very profitable but should not be the majority percentage of your investment portfolio. Slow and steady wins the race.
personal experience
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M$
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M$
People are worried that Monday could see the same thing since computers rule the market again. The authorities have two days to figure out what happened, otherwise you will get some people pulling their money out until they feel it is safe. I just don't think it will be the same. If people are looking for a crash, it usually does not happen. There will be a lot of vultures looking to pick up stocks if and when they get ridiculously cheep. There were stocks that dropped to pennies yesterday that were good stocks.
Accept that it's all just paper anyway and you will be fine. And today it's not even paper, just numbers on a screen.
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M$
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M$
Equities: An Introduction to the Core Concepts by Mark Mobius ISBN-10: 0470821442 pg45
Long term, dips in the stock markets are no big deal. If you have to bail out short term there could be a cash flow problem.
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M$
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M$It is possible for both the stock and bond market to crash but highly unlikely to be sustained if fundamentals are solid.
Read, "Why are we so clueless about the stock market"
search my bond questions
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M$You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
When we started investing many years ago we did the same thing. Kept an eye on it on a regular basis and worried... until if finally sunk it that we were investing for the long-term and that the market fluctuates, not to worry it all works out in the end. Some years are good, others are not.
Warren Buffet once observed that if people go in to a store and see that the cost of goods offered there has gone on sale, say at 50% off, they don't panic. They simply buy a lot of what they need and will use. Since most Americans are net buyers of stocks, they should look at stock market downturns as similar events - temporary sales events on stocks. These are good times to buy solid companies' stocks at a deep discount to what they were selling for the week before, and what they will likely sell for again in a few more weeks. As long as you're not in a position where you have to sell soon to finance some large expenses (in which case that amount of money should not be in stocks anyway, as they're for the long term), market downs are an opportunity, not a problem.
abit of gold stashed in the backyard doesn't hurt the portfolio though ;-)
I believe a % invested in hands on precious metals makes for a much more balanced investment portfolio.
Theres something calming about getting out a bag of gold coins when your feeling froggy about your stock investments and just fondling them.