This belongs in the Investment Talk forum.

Since we can not time the market I think our option is to have a cash reserve that will cover our needs for a couple of years so we do not have to sell stock for living expenses. In the long run if you have a share of stock worth $100 and it falls to $50 for a year or two and then goes up to $150 you are ahead of the game if you did not sell the share at $50.

And it is up a whopping 14% since the peak of 2007 - that's 8 years folks. Love how the brokers always measure from the low. How many of these Einstein's called you on Monday and advised you to get out. I want the names of those guys.

Before you sign on with a "Broker/Adviser" as to see his/her personal portfolio..... They will never show you it.... But they will tell you all about their great trader... That is why I do all my own trading and if I screw up I have no one to blame but myself...

Another quote from Warren Buffett:

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."

Buffett also said, "Only when the tide goes out, do you discover who's been swimming naked." .................

My absolute favorite Buffett quote is, "Beware of geeks bearing formulas."

Boomer? Do people quote Democrats in The Villages?

Aw, Gracie, I never really thought about needing to work on-script. Not my style. I just happen to like how that man can turn a phrase.......and buy a company.

Donald????

After a slump like this, the brokers and big money management firms typically recommend for the individual investor to buy on the dip. This brings new money into the market, temporarily propping up share prices, so the professionals can sell their shares with some recovery. This cycle repeats as the market falls, and shows up as an extended decline with intervals of saw-tooth spikes. So, buying on a dip is risky in an already overbought market.

Now,now, Gracie, you know full well I meant Warren. You are just bein' your bad self this morning. But I gotta give you credit where it is due. That one-liner was quick and funny.

Peace out.

I agree with you. The S&P PE ratio is around 24 today. The long term mean is around 16. Watch out below.

Interesting article reviewing different types of investors outlooks:

Markets

Yes it is permitted. You can add a quote from any Democrat to the discussion as we are not talking politics.

I'm getting discouraged. When I retired in 1999 I asked for a bond portfolio with 6% yield. The unanimous answer was "you want a diversified portfolio". Since then the fed raised rates, lowered rates, tech bubble, Great Recession,etc. If you live long enough your portfolio will match historical returns. PS. don't forget RMD's at 70 1/2 just to throw thing off track a little more.

Here we go again..........a sliding Monday.