Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Teamsters 401k
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="browniehound" data-source="post: 421056" data-attributes="member: 4653"><p>I envy you position because you will be buying stocks at bargain prices and still have 40+ years until retirement!</p><p> </p><p>I'm not an expert and really know nothing about stocks. I do know that the stock market has lost almost 40% (the DOW being "the market" for the purpose of my post) of its value within the last year. One of the largest 1-year declines in stock market history. Like I said I don't know all the facts, but it has crashed in the past and has always rebounded.</p><p> </p><p>You are 22 and this cycle will repeat itself a handful more times (probably and hopefully not to this extreme<img src="/community/styles/default/xenforo/smilies/FeltTip/anxious.png" class="smilie" loading="lazy" alt=":anxious:" title="Anxious :anxious:" data-shortname=":anxious:" />) before you retire. But today you are in a extremely unique postition. These types of EXTREME market downturns are rare. </p><p> </p><p>Max out your 401k in stocks-funds. After, buy what you can afford in taxable accounts in stocks-funds also. Heck, its a great time to buy a house too! If you have money, now is the time to make it work for you. The market may still go lower, but it can't go much lower (if it does then its the end of the world in my opinion).</p><p> </p><p>Eventually there will be a large (20-30%) yearly rebound in the market and you be in on that because you started buying stocks on 10-29-2008! </p><p> </p><p>Good luck and remember 10 years from now that stocks are very risky and plan accordingly with a proffesional.</p><p> </p><p>I look forward to replies to this post. Am I thinking correctly here? I would love to read a differing opinion. I want to know of alternatives strategies that I'm ignorant to. Thanks in advance,</p><p> </p><p>Browniehound</p></blockquote><p></p>
[QUOTE="browniehound, post: 421056, member: 4653"] I envy you position because you will be buying stocks at bargain prices and still have 40+ years until retirement! I'm not an expert and really know nothing about stocks. I do know that the stock market has lost almost 40% (the DOW being "the market" for the purpose of my post) of its value within the last year. One of the largest 1-year declines in stock market history. Like I said I don't know all the facts, but it has crashed in the past and has always rebounded. You are 22 and this cycle will repeat itself a handful more times (probably and hopefully not to this extreme:anxious:) before you retire. But today you are in a extremely unique postition. These types of EXTREME market downturns are rare. Max out your 401k in stocks-funds. After, buy what you can afford in taxable accounts in stocks-funds also. Heck, its a great time to buy a house too! If you have money, now is the time to make it work for you. The market may still go lower, but it can't go much lower (if it does then its the end of the world in my opinion). Eventually there will be a large (20-30%) yearly rebound in the market and you be in on that because you started buying stocks on 10-29-2008! Good luck and remember 10 years from now that stocks are very risky and plan accordingly with a proffesional. I look forward to replies to this post. Am I thinking correctly here? I would love to read a differing opinion. I want to know of alternatives strategies that I'm ignorant to. Thanks in advance, Browniehound [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Teamsters 401k
Top