Taking a hit the last 7 days. Buy the dip.
Correction way over due.
Correction way over due.
Stay calm investors!
- Thread starter Jack Davenport
- Start date
Oil at 38. I think the dust settles by Wednesday.
My 401K
You are probably 15 or 20 years from retirement age I bet. This may be a good thing because the Fed were considering a hike in rates. No way it happens next month now. You probably would have taken a bigger hit.
Will E Worm
Conspiracy...
Think the Fed will go ahead with rate hikes while the Chinese continue to devalue the Yuan?
No. Perhaps in December
Jagger69
Three lullabies in an ancient tongue
Anyone with a 401k or other retirement account can't let stuff like this bother them. The Chinese economy is having a serious issue right now and the ripple effect is bound to affect the global market. It's been almost 7 years since there was a serious market correction so this has been way overdue anyway. As long as things stabilize when I retire (which will be reasonably soon), I'm not going to get too twisted about it. My wife and I have diversified our investments (not that I'm anywhere close to being rich by any means) in areas that are bound to be solid when it comes time to start cashing out. Our house is paid for, both my cars are paid for (not including my '69 XKE which was bequeathed to me), kids are done with school (Well, almost. My son still has a year to go to get his Masters) so our debt load is extremely low. We don't live an extravagant lifestyle by any means so I'm just not that worried about it. It's amazing how little money you really need to live on when you have low or zero debt. My advice to any young person is to invest in real estate and stay out of the revolving debt treadmill. That formula has worked pretty well for Donald Trump and it will for you too.
It's God's punishment for Obama's support of Planned Parenthood
Ace Boobtoucher
Founder and Captain of the Douchepatrol
From now on I'm using that line for anything Stompy Foot fucks up.
Ace Boobtoucher
Founder and Captain of the Douchepatrol
No. That phrase is only to be used against global warming/climate change enthusiasts.
Ace Boobtoucher
Founder and Captain of the Douchepatrol
Shrewd.
