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In reply to the discussion: So what happened with the DOW today −457.21 [View all]Bucky
(53,795 posts)5. It's bad, but if you're in the market, you should know not to watch daily ups and downs
My meager holdings seems to correlate more to NASDAQ performance (but a little bit better), but the market will bounce around over the course of a week or fortnight. You have to learn to look at longer-term trends. If you ever google DJIA or S&P500, you'd be wise to move the slider from the 1day setting out to the 6month or YTD setting.
Personally I don't change my stock holdings more than twice a year. People who try to time the market pay for it in blood pressure and overthinking. The current Dow is toying with optimism. I was lucky enough to move about 1/3 of my retirement holdings over to real estate last year because I had faith in Trump (and Republicans in general) to fuck up the stock market. History loves repetition.
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It's bad, but if you're in the market, you should know not to watch daily ups and downs
Bucky
May 2020
#5
Thanks for the graph. Here's S&P 500 from 1928 on a logarithmic scale for a different kind of view
progree
May 2020
#17
Actually with reinvested dividends it took S&P 500 16 years to recover from Great Depression
progree
May 2020
#31
You make sound points. The main issue is how quickly a person will need retirement money and how
Blue_true
May 2020
#35
Actually, I had in mind the people who need their retirement money, not well-off people
progree
May 2020
#38
If a person needs much more than 4%/year withdrawal, all simulations show they are screwed (will
progree
May 2020
#40
I struggle a lot with which view is the more distorted one - linear or logarithmic
progree
May 2020
#32
It's the logarithmic scale that allows dips, or growth, to look the same whatever the date
muriel_volestrangler
May 2020
#33
I think the peak to trough drop in the Dow index was 89%, meaning $100 became $11, or
progree
May 2020
#34
***FAUCI !!! *** I've been saying for nearly 3 weeks Trump and ManureChin have been lying about
uponit7771
May 2020
#12
It might be more about several of the early reopening states ticking up in cases?
herding cats
May 2020
#29
The market will remain volatile until the COVID numbers drop or a promising drug or vaccine drops
Algernon Moncrieff
May 2020
#20