:clap2::clap2::clap2::clap2:

I thought I was the only one that happened too !!!

It seems markets have abandoned fundamentals. Government spending and Fed are the drivers. That said I’m not smart enough to understand this transition. I’m glad I’m not 40 pumping a large percentage of my income into the market with a long term view. Nothing about market today is long term. IMHO

That is why dollar cost averaging works

Amen. Thank God he’s not my accountant. Runs ads all the time in the Daily Sun. He is not a CPA!

May 27, 2020
 

Compared to their all time highs:

DOW 86.4%

NASDAQ 95.6%

S&P 89.5%

We are just shy of "correction" territory.

Long term is not an issue. Twenty five years from now investments will be up. Short term is the concern. Sell or invest now or in a month. Who knows?

IMHO things are looking up right now however do as you think best as it is your money

Could you please share the name of the Insurance Company and the Type of Annuity you invested into? Example: Was it a Fixed Index Annuity or a Variable Annuity. Also share what Index you used or the percent you invested in Stock mutual funds inside the Variable Annuity.
That is a nice return and I think all of us are curious how you allocated the money.
Thanks for sharing!

The sky is falling! The market is going down to 10,000 if we're lucky!
 

June 5, 2020 9:40am

DOW 27,015

5 index funds covering about everything, same amount of money goes in each month , unless they send me something , I never look

I've always followed the advice I received when I was in my 20's... "bulls and bears make money, pigs don't"

That's a rule of thumb that has worked for me...when a stock reaches a 20% gain, I usually get out....however if it's a growth stock in a company/industry that I really sense is going to continue to grow, or they pay a really nice dividend, I hang on

With everything that is going on now and with so many unknowns about what may/may not happen between now and year end, we've temporarily pulled all but 7% of our investable assets out of stocks. Today the fund managers and institutional investment houses have so many algorithms in their buy/sell programs that by the time I read about an issue impacting a stock or the market, the big guys already dumped their shares in some other market while I was asleep

We had a sizable cash position sitting on the side before this latest downturn...(pure luck, wife wanted to change her brokerage house and advisor and had cashed out of a 'managed' portfolio in her SEP)...so we cherry picked some nice opportunities, made a quick 14% and got back out of the market. Again, pure luck and will NEVER happen again.

The correct investment for retirees (actually anyone) is the one that allows them to Sleep Well at Night (SWAN). In my short time in The Villages, I've come across Day traders, financial experts, Active and former Real Estate investors of all types, and people content in keeping their hard earned savings squirreled away under their mattress. As long as your activities match your return expectations, you can sleep well at night and be just as happy and correct as the next person

I agree. Most of my money is in index fund ETFs. The only stock I own is one which I accumulated as part of my compensation.

In times like these, you can always bet on gun and ammo stocks.
Even anti gunners will invest just to make the cash.

You can't make this stuff up !
Steve

Fed Stimulus
 

While the 40%+ recovery in 80 days is unprecedented, remember that the Fed is heavily subsidizing risk assets (stocks) amidst a stream of bad financial news. Also remember that other subsidies (i.e. extra $600 UE benefits) expire on 7/31. Will be interesting to watch the jobs report in August. Remain cautious at least until after the election and likely into Q1 2021. Hopefully we won't have a double dip, but wouldn't surprise me.