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Oil crashed today. Not because of hte virus, because Russia and Saudi Arabia are in a price war. From $40+/barrel to sub $28/barrel in one day
 
KI4MVP said:
Oil crashed today. Not because of hte virus, because Russia and Saudi Arabia are in a price war. From $40+/barrel to sub $28/barrel in one day
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Shows you how precarious the market was. There were some bad indicators for awhile. Consumer confidence was one of main drivers recently. That's gone
 
Just moved 80% of my Ally account to Ameritrade. Will probably pick up some Amazon and Apple today, but will continue to dollar cost average in in case this continues to get worse. I feel like I’ve done a lot of buying but I’m really only ~30% in equities now so I feel like I’m in a good spot
 
Any advice on what to do with my 401k while this market uncertainty is going on? Do I just leave it and let the market go as it will and assume over time it will rise past this point or do I adjust my investment options to all the conservative vehicles until things steady?

I am 46.
 
Hurl Bruce said:
Any advice on what to do with my 401k while this market uncertainty is going on? Do I just leave it and let the market go as it will and assume over time it will rise past this point or do I adjust my investment options to all the conservative vehicles until things steady?

I am 46.
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The problem with adjusting it until things steady is no one knows when that will be. Stocks could tomorrow start a 15% rally and then things stabilize and you missed that recovery due to market timing.

Stocks could decline another 15% and you moved your money and then renter and you get a considerably better gain out of it.

Timing the market is hard and people who do it professionally get it wrong all the time. I think you could get a better long term return trying to time it, but it also has the potential to rally and then you’re constantly looking for your new entry point and then wait for a new slide that doesn’t come for many months

I haven’t touched my 401K. It’s a long term equity exposure for me
 
Once again the price of oil isn't aligned with what we pay at the pump. Sure gas is going down a bit, but ever so slowly.
But let a trash can catch fire at some remote refinery and gas goes up a buck overnight.
 
Jake said:
Once again the price of oil isn't aligned with what we pay at the pump. Sure gas is going down a bit, but ever so slowly.
But let a trash can catch fire at some remote refinery and gas goes up a buck overnight.
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Ya, oil speculation has a more immediate impact than actualization; which tends to lag a week or so. Speculation is given way to much power, IMO.
 
Hurl Bruce said:
Any advice on what to do with my 401k while this market uncertainty is going on? Do I just leave it and let the market go as it will and assume over time it will rise past this point or do I adjust my investment options to all the conservative vehicles until things steady?

I am 46.
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I would let it roll. The stock market is too capricious and you have a loooong way to go before 65.
 
Don’t know much about stocks, I did read today that Cedar Point is near $32 a share when it’s normally sits near $58.
 
SanduskyCav said:
Don’t know much about stocks, I did read today that Cedar Point is near $32 a share when it’s normally sits near $58.
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God damn after this dip the dividend yield is 11%
Unfortunately the ex dividend was last week so they have a whole quarter to slash it if they need to
 
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