
04-18-2020, 03:21 PM
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Sage
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Join Date: Apr 2016
Location: Between 466 & 466A
Posts: 10,508
Thanks: 82
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As of yesterday, the DOW closed at 24,242.49.
After watching it run up on Thursday, but not stay, I decided to put everything into a fixed fund that guarantees only 3.5%.
Ironically, since I did it online after closing on Thursday it didn't take effect until after Friday's close so I actually saw an increase...over what I thought I had "locked in."
I'm very happy with what I've made since 2009 after a very steady and substantial rise after the Great Recession, but am afraid that when the realization that the massive stimulus currently being sent out will still result in thousands of businesses going under...it's going to be really ugly in a few months.
While I hope I'm wrong, I wouldn't be surprised to see the DJIA down in the 14,000-15,000 range by June.
And if I'm wrong and miss out...so be it.
The only thing I know for a fact regarding my investments is that I'm not going to worry about them...for a while.
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