[justjim]

I have not been a regular trader for about 20 years. That said, my IRA’s, 457b plan and stocks are invested in diversified mutual funds with T. Rowe Price. I am happy with that decision and have “prospered” with this arrangement. Occasionally I adjust my portfolio accordingly with professional help. Yes, the “market”
Is down but I don’t lose any sleep over it and I stay active doing other things with the time I have left. I have a couple of friends who spend a lot of their time “in the market” and I say more power to them. Doing what you want to do with your time is what retirement is all about IMHO.

[GreySkies]

How has the stock market been treating me, lately I have seen a downturn, profits from investments have evaporating a bit but overall, for me, I am still in pace for a comfortable retirement at the end of this year. As for the stock market, I feel I get back in results based on the amount of effort I put in. Over the last 15 years I have invested an average of 1 hour a day / 6 days a week reviewing my finances, making moves as I feel are required and it has paid off. I am retiring at 63 but will not need to file for SS till I am 70.

The Internet can be a sea of misinformation for those who want to find an easy fix to their money situation. However, with the right amount of effort on your part such as doing REAL research, practicing due diligence, and avoiding the most common financial investment mistakes, you can successfully navigate this ocean of info successfully.

Don’t know the most common financial investment mistakes....? well there you go, your FIRST research homework topic for improving your finances!

if your idea of Internet based research starts with “YouTube” ... start over.

“We are living in an interminable succession of absurdities imposed by the myopic logic of short-term thinking.” ~ Jacques Yves Cousteau

[CoachKandSportsguy]

Originally Posted by GreySkies

if your idea of Internet based research starts with “YouTube” ... start over.

or CNBC or any show on CNBC, especially listening to Jim Cramer

[Caymus]

Originally Posted by CoachKandSportsguy

or CNBC or any show on CNBC, especially listening to Jim Cramer

I always considered Cramer to be an entertainer. Some of his rants are amusing. I wonder how much money he makes directly from his CNBC "Investing Club" fees?

jim cramer rants - Bing video

[44Apple]

The energy stocks continue to go up. Is anyone considering pumping money into energy stocks, ETFs, etc?

[Babubhat]

Don’t understand why more don’t bet it to go down. ETFs for that.also need to pay attention to natural gas. Trend is strongly positive

[manaboutown]

Originally Posted by 44Apple

The energy stocks continue to go up. Is anyone considering pumping money into energy stocks, ETFs, etc?

Yes, and I have done so starting over a year ago. CVX, COP, SHEL, VDE, PAA, ET and bought some more BRK for OXY and Berkshire Hathaway Energy - Wikipedia

[Babubhat]

Is anyone satisfied with their advisor now? An endless abyss

[Woodbear]

I am using this period to act upon some "tax-loss harvesting." It is my goal to keep more in my pocket and less going to the Government. Because of the Wash Rule, most sales will sit out till I can go back in and repurchase some of the more favored stocks back.

[Rainger99]

The Dow was 33,180 on June 7. It closed at 30,183 yesterday. That is down slightly over 9%.

[Babubhat]

Dow is 30 stocks. Irrelevant and not diversified. Just buy Berkshire instead

Sp is

Year Total Return
2022 -19.56

[Stu from NYC]

Originally Posted by Rainger99

The Dow was 33,180 on June 7. It closed at 30,183 yesterday. That is down slightly over 9%.

S & P 500 is more reflective of the market.

Goes up goes down and in the long run confident will go up. Nobody can time the market on a consistent basis.

[retiredguy123]

Originally Posted by Rainger99

The Dow was 33,180 on June 7. It closed at 30,183 yesterday. That is down slightly over 9%.

The S&P 500 is down about 8 percent during the same period.

[Rainger99]

Originally Posted by Stu from NYC

Goes up goes down and in the long run confident will go up. Nobody can time the market on a consistent basis.

The long run was a lot longer when the market crashed in 1987.

[retiredguy123]

Originally Posted by Rainger99

The long run was a lot longer when the market crashed in 1987.

True, but a lot of people lost almost their entire retirement savings by selling low in the 1987 crash, and were afraid to go back into the stock market when it started to go back up. Trying to time the market is a bad idea. I have always invested in the stock market using the "dollar cost averaging" method and with a "buy and hold" plan, and I never had more than about 40 percent of my investments in stocks.