Dow Crash Coming To Your 401k

[SOMEPARTS]

Agreed, yet it does not follow that you can't reach financial independence via a decent career and your employer-sponsored retirement plan.

I never said it can't be done. It truly is difficult for entrepreneurial types to converse with the well educated employee and vice versa.


This same type of 1000 point buy up happened in 2008(link). I'm sure it's totally different now, certainly not a bear rally.  

https://www.cnbc.com/id/27166818


Of course I hope that the market absorbs the rate hikes and stabilizes for Trump's sake. I'm not cheering for a crash just playing around with the above post.

[loco]

I never said it can't be done. It truly is difficult for entrepreneurial types to converse with the well educated employee and vice versa.


This same type of 1000 point buy up happened in 2008(link). I'm sure it's totally different now, certainly not a bear rally.  

https://www.cnbc.com/id/27166818


Of course I hope that the market absorbs the rate hikes and stabilizes for Trump's sake. I'm not cheering for a crash just playing around with the above post.

Understood.

Neurotoxin has just a few more days left for his latest prediction that a Dow crash is coming to 401K in 2016, or 2017, or 2018.

[Primemuscle]

Translation:  Primemuscle bought high and sold low.

Why state the obvious when I already admitted to it in other posts?

[Primemuscle]

The economy is great which is why it’s beyond anyone but Libs to wonder why the fed would raise rates in a thriving economy.

No need to wonder. Raising the rates in a strong economy is expected. 

[loco]

Why state the obvious when I already admitted to it in other posts?

For those who missed it.

[loco]

No need to wonder. Raising the rates in a strong economy is expected.  

Why did the Fed keep rates effectively at zero under Obama if "the economy was doing well FOR YEARS under Obama"?

[chaos]

Why did the Fed keep rates effectively at zero under Obama if "the economy was doing well FOR YEARS under Obama"?

You'll never get an answer for this, just more deflection.

[loco]

Why has Neurotoxin not posted anything on this thread today?

Oh, that's right:

BOOM: Stocks soar 5%, Dow adds a record-breaking 1,086 points

The S&P 500 and the Dow each clocked their biggest single-session point gains on record on Wednesday.

https://www.yahoo.com/finance/news/stock-futures-rise-christmas-eve-sell-off-134312777.html

Stocks closed higher on Thursday, adding to the massive gains from the previous session

https://www.cnbc.com/2018/12/27/futures-on-the-back-of-wednesdays-wall-street-surge.html

[Primemuscle]

Why did the Fed keep rates effectively at zero under Obama if "the economy was doing well FOR YEARS under Obama"?

Not exactly zero, but close.

[loco]

Not exactly zero, but close.

I didn't say "exactly zero"

No need to wonder. Raising the rates in a strong economy is expected.  

Why did the Fed keep rates effectively at zero under Obama if "the economy was doing well FOR YEARS under Obama"?

[chaos]

You'll never get an answer for this, just more deflection.

[Agnostic007]

OMG I lost...nothing 

[Coach is Back!]

OMG I lost...nothing 

Nothing from nothing is......Nothing

[Dos Equis]

Why has Neurotoxin not posted anything on this thread today?

Oh, that's right:

BOOM: Stocks soar 5%, Dow adds a record-breaking 1,086 points

The S&P 500 and the Dow each clocked their biggest single-session point gains on record on Wednesday.

https://www.yahoo.com/finance/news/stock-futures-rise-christmas-eve-sell-off-134312777.html

Mons Venus still has two trading days for his prediction to come true.  I'm sure there are a lot of people on this board who invested based on his advice, so he has a lot riding on this. 

[loco]

OMG I lost...nothing  

You lose nothing in a down market other than value temporarily anyway, unless you actually sell after buying high in which case you actually lose money.  Ask Primemuscle.  

[Primemuscle]

You lose nothing in a down market other than value temporarily anyway, unless you actually sell after buying high in which case you actually lose money.  Ask Primemuscle.  

Tis true. Lost a couple of hundred dollars, part of which was the annual fee paid to Wells Fargo advisors. No matter what the market does, I am comfortable with my decision to sell. Investing in (gambling on) the stock market is not my thing.

[mazrim]

Tis true. Lost a couple of hundred dollars, part of which was the annual fee paid to Wells Fargo advisors. No matter what the market does, I am comfortable with my decision to sell. Investing in (gambling on) the stock market is not my thing.

"Why did the Fed keep rates effectively at zero under Obama if "the economy was doing well FOR YEARS under Obama"?

via Loco

You are continuing to avoid this question he has asked you.

[loco]

Tis true. Lost a couple of hundred dollars, part of which was the annual fee paid to Wells Fargo advisors. No matter what the market does, I am comfortable with my decision to sell. Investing in (gambling on) the stock market is not my thing.

Investing in the stock market doesn't have to be gambling, far from it.  You chose to, or allowed yourself to be suckered into, gambling on it.  Then you had to pay a fee to those who suckered you into it.  You are fortunate that you are not in a position where it ruined you financially.  Others are not so fortunate.

Given how little you know, and are willing to learn, about investing in the stock market, and given your incredibly low risk tolerance, you're probably better off staying away from the stock market.

[IroNat]

Investing in the stock market doesn't have to be gambling, far from it.  You chose to, or allowed yourself to be suckered into, gambling on it.  Then you had to pay a fee to those who suckered you into it.  You are fortunate that you are not in a position where it ruined you financially.  Others are not so fortunate.

Given how little you know, and are willing to learn, about investing in the stock market, and given your incredibly low risk tolerance, you're probably better off staying away from the stock market.

Truth.  

It's very simple to educate yourself but some people refuse to do it and rely on pseudo-professionals who take advantage of them.

You can't trust other people to look out for your best interests when their best interest is to take your money from your pocket and put it into their pocket.

This is the reality of human nature.  Ignore it at your peril.

[loco]

Truth.  

It's very simple to educate yourself but some people refuse to do it and rely on pseudo-professionals who take advantage of them.

You can't trust other people to look out for your best interests when their best interest is to take your money from your pocket and put it into their pocket.

This is the reality of human nature.  Ignore it at your peril.

IroNat ain't lying.

"Act as if every broker, insurance salesman, mutual fund salesperson, and financial advisor you encounter is a hardened criminal, and stick to low-cost index funds, and you'll do just fine."
William J. Bernstein, American financial theorist and neurologist

[Primemuscle]

Investing in the stock market doesn't have to be gambling, far from it.  You chose to, or allowed yourself to be suckered into, gambling on it.  Then you had to pay a fee to those who suckered you into it.  You are fortunate that you are not in a position where it ruined you financially.  Others are not so fortunate.

Given how little you know, and are willing to learn, about investing in the stock market, and given your incredibly low risk tolerance, you're probably better off staying away from the stock market.

"Allowed myself to be suckered into it" is an accurate statement. Taking a risk is the same as gambling. This risk was relatively small. If I'd lost the entire investment, it wouldn't have ruined me financially as it was only 4% of my net worth, none of which funds my retirement income.

[loco]

"Allowed myself to be suckered into it" is an accurate statement. Taking a risk is the same as gambling. This risk was relatively small. If I'd lost the entire investment, it wouldn't have ruined me financially as it was only 4% of my net worth, none of which funds my retirement income.

Not necessarily.  By that logic you could say that getting into a vehicle to drive or ride anywhere is gambling every time, and therefore it makes you a gambler.

Also, being way too conservative with your money can be very risky too.  Your money could lose value to inflation, or a retiree could run out of money too soon if inventing too conservatively, or not investing at all.


Prime,

There are good, legit, internet banks out there that offer CDs with up to 3.50% APY right now, and savings accounts with up to  2.39% APY.

Rates haven't been this good in over a decade.  If you have a good chunk of money you won't need for a while, and you don't want a guaranteed 2% to 3% loss due to inflation, these are good low risk options.


Our best CD Rates available for December 2018 (5-year term):
Updated December 28, 2018

PenFed Credit Union: 3.50% APY - $1,000 Minimum Deposit with Education Certificate options
Citizens Access: 3.15% APY - $5,000 Minimum Deposit with No Monthly Fees
Capital One 360: 3.10% APY - No Minimum Deposit with option to open multiple accounts at once
American Express National Bank: 3.10% APY - No Minimum Deposit with 10 day period for adding funds
Goldman Sachs Bank USA: 3.10% APY - $500 Minimum Deposit with wide range of CD terms
Synchrony Bank: 3.10% APY - $2,000 Minimum Deposit with loyalty benefits
Ally Bank: 3.10% APY - $25,000 Minimum Deposit with automatic renewal at maturity

https://www.bankrate.com/cd.aspx

Here are the best online savings accounts from Bankrate:

As of Friday, December 28, 2018

CIBC Bank USA: 2.39% APY - $1 Minimum Balance for APY. No Maintenance Fees.
CIT Bank: 2.25% APY - $100 Monthly Deposit or $25,000 Minimum Balance for APY. Initial Withdrawal Options.
Citizens Access: 2.25% APY - $5,000 Minimum Balance for APY. Mobile Fund Transfer Features.
Synchrony Bank: 2.20% APY - No Minimum Balance for APY. Great 24/7 Customer Support.
Barclays Bank: 2.20% APY - No Minimum Balance for APY. Low non-sufficient funds fee.
Live Oak Bank: 2.10% APY - No Minimum Balance for APY. Easy online sign-up.
American Express National Bank: 2.10% APY - $1 Minimum Balance for APY. Low Minimum Balance requirement.
E*TRADE Bank: 2.10% APY - $1 Minimum Balance for APY. Unlimited ATM Fee Refunds.
Marcus by Goldman Sachs: 2.05% APY - $1 Minimum Balance for APY. No Transaction Fees.
Ally Bank: 2.00% APY - No Minimum Balance for APY. Interest compounded daily.
Discover Bank: 2.00% APY - $0 Minimum Balance for APY. First-time bonus between $150-$200.

https://www.bankrate.com/banking/savings/rates/

[Neurotoxin]

https://www.cnbc.com/2018/12/14/ron-paul-market-meltdown-could-spark-depression-like-conditions.html

Following a -6,000+ point DROP in Dow, short cover rally @ 200dma (weekly)

“Rally” to declining 50dma/death cross expected.

Market failure at said level anticipated.


-NT

[loco]

http://www.getbig.com/boards/index.php?topic=620698.msg8619951#msg8619951


http://www.getbig.com/boards/index.php?topic=644157.msg9014728#msg9014728

[loco]

Here we are, on the final trading day of 2018, and once again no Dow crash came to 401K as Neurotoxin predicted back in 2016 and then again early this year.

Neurotoxin, if this is what you do for a living, you should find a different job.


U.S. stocks rose on the final trading day of 2018

https://www.wsj.com/articles/global-stocks-rise-to-end-turbulent-2018-11546247179