Bierpower
Hooked
They haven't reported on any major shootings in a while. The masses have to have something to live in fear of.
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Banks/Money Managment
- Thread starter longarmwj
- Start date
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Red Knight15
Caught the Bug
I refuse to look at my 401k. Everyone I work with are flipping out. Maybe if were retiring in a couple years.
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notnalc68
That dude from Mississippi
Look at it this way. Now that the market is down, every time your payroll deduction for your 401-k goes in, you are buying funds at a discount.
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WJCO
Meme King
Here we go................... (on a Sunday of course).
https://www.washingtonpost.com/busi...ero-part-wide-ranging-emergency-intervention/
Next step will likely be negative interest rates.
https://www.washingtonpost.com/busi...ero-part-wide-ranging-emergency-intervention/
Next step will likely be negative interest rates.
jesse3638
Hooked
I did for shits and giggles down nearly 50k in the last couple weeks.
This is exactly how I look at it. If I was retiring in a year or two I'd be more worried but I have a min of 8 years before I can. Leaving everything alone.
A few of the guys i work with are following a strategy and got really lucky and had just moved their funds to the conservative accounts and missed the hit. Now they are trying to time it to move it back the the aggressive funds to tray and capitalize on the uptick.
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littlebeas
New member
The last bit is the hard part. They could use some dollar cost averaging and incrementally get back into the game.
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Brute
Hooked
I had moved some of my portfolio to a different investment manager a month ago...most was moved in kind, but I also had substantial investments in their proprietary funds which had to be converted to cash...before I reinvested the cash, the slide started...I left it in a cash position, which was 27% of my investment...
Just dog shit lucky...
Just dog shit lucky...
HighwayTrout
Hooked
Insane Ed. Talk about luck. [emoji106]
fiend
Caught the Bug
WJCO
Meme King
Wow. Lucky you. Crazy times.
A.J.
Active Member
You can hold cash in a qualified retirement account without paying income tax on it.
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A.J.
Active Member
Ed you can still catch fish in a mud puddle apparently. [emoji3]
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WJCO
Meme King
Brute
Hooked
Gladly pay the capital gains versus the loss...
Clutch
Caught the Bug
No doubt, you could certainly do some tax loss harvesting to offset those gains if it’s bothersome.
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fiend
Caught the Bug
Sharkey
Word Ninja
Even if you couldn't hold the cash in a qualified account, I'm pretty sure most people would prefer to pay tax on money they make (which means they still walk away with money) than lose money (which is what would have happened in this situation).
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JKbrick
Active Member
In this situation yes, but the rest of us haven’t “lost money” except on paper unless you panic sold, correct?
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