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Markets took a beating today (Original Post) PupCamo Oct 2019 OP
Yea!!!!! MyOwnPeace Oct 2019 #1
Trump Slump, here we come... Wounded Bear Oct 2019 #2
He'll call it customerserviceguy Oct 2019 #4
Awww... Newest Reality Oct 2019 #3
Wow! PoindexterOglethorpe Oct 2019 #5
I was going to say...300 might have been huge a couple of decades ago Awsi Dooger Oct 2019 #6
You might not have been better off dumping it all at the beginning. PoindexterOglethorpe Oct 2019 #8
as an FYI, at year end 2017 NewJeffCT Oct 2019 #7

Newest Reality

(12,712 posts)
3. Awww...
Tue Oct 8, 2019, 08:24 PM
Oct 2019

Poor markets! Wasn't there enough wealth for hedge fund managers?

Main street is taking a beating everyday. It's getting really bruised and bloody.

Just being as sarcastic as I can, I know that people's retirement funds are at stake, etc.

My tent is still holding up, so I am fine

PoindexterOglethorpe

(25,857 posts)
5. Wow!
Tue Oct 8, 2019, 09:42 PM
Oct 2019

The Dow was down a frightening 1.19%, the Nasdaq a truly horrific 1.67%, and the S&P a similarly terrible 1.56%.

Clearly the apocalypse is upon us.

In reality, those numbers are not "took a beating today." They are well within normal ups and downs.

I'm also appalled at those here who cheer market drops, unless they are using them as buying opportunities. Just to cheer because you think only bad people will be hurt, have no idea that there are those who are not in the 1% who have investments, 401k plans, or Roth IRAs, or perhaps an actual pension plan that is invested in the market.

 

Awsi Dooger

(14,565 posts)
6. I was going to say...300 might have been huge a couple of decades ago
Tue Oct 8, 2019, 09:54 PM
Oct 2019

Or even 2008. Now it's merely a weak day within normal range.

I don't mind because I've been dollar cost averaging one mutual find every 2 weeks. This Friday is a buy day so I root for a dip.

Overall I would have been better off just dumping it all in at the beginning. That's typically how this works. But the every 2 weeks focus has kept me paying attention and I made a few moves that worked out but I otherwise might have missed.

PoindexterOglethorpe

(25,857 posts)
8. You might not have been better off dumping it all at the beginning.
Tue Oct 8, 2019, 10:44 PM
Oct 2019

There are always ups and downs in the market. Trying to time it is foolish. Your dollar cost averaging is a strategy that's going to pay off well in the long run.

Keep in mind, and everyone here should repeat this occasionally, the markets set new highs from time to time, but they never set new lows.

NewJeffCT

(56,828 posts)
7. as an FYI, at year end 2017
Tue Oct 8, 2019, 10:01 PM
Oct 2019

the Dow closed at, 24,719

so, the Dow has only risen a measly 1,400 in nearly 2 years.

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