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Economy

at140

(6,110 posts)

13. Good point! Stocks great for young, risky for old people.

Reply to progree (Reply #11)

Fri Jun 12, 2020, 08:29 AM

Jun 2020

I have done OK by staying more out of stocks than in. When I see a profit in my portfolio, I cash out of stocks, and go in bonds.
That has saved me from many blood baths, including the recent covid-19 decline in March. I wait for a serious decline in stocks and then begin to get back in stocks.

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13 replies

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Highlight:

Dow plunges 1,500 points on Fed economic warning and fear of a 2nd wave of COVID-19. [View all] elleng Jun 2020 OP

They may have run out of fools. gibraltar72 Jun 2020 #1

Ooh he's going to be HOT on his plane ride soothsayer Jun 2020 #2

The sharpies goosed the market up customerserviceguy Jun 2020 #3

This isn't isolated, everything else took a similar dive overnight Warpy Jun 2020 #4

Keep in mind Bull markets have the most violent corrections at140 Jun 2020 #7

Panic is the worst reason to make any decision Warpy Jun 2020 #8

Here is what happens after 5% declines, going back to 1955 at140 Jun 2020 #9

My grandmother hadn't bought stocks on margin Warpy Jun 2020 #10

+10 at140 Jun 2020 #12

S&P 500 fell 7.1% in the last 3 days. And its down 11.3% from its Feb all-time-high, a correction progree Jun 2020 #5

Today was buying opportunity for those with at140 Jun 2020 #6

I've always been impressed that it took 16 years for the Dow to get back to its 1966 high progree Jun 2020 #11

Good point! Stocks great for young, risky for old people. at140 Jun 2020 #13