Stock market.... What are you doing?

[Expat]

I had avoided looking at my fidelity account but did it just now....

 

[ghuns]

The company that administers our 401K is here at work today for our 1 on 1 planning sessions.

 

[nonobaddog]

I would put all I could into a 401K right now if I weren't retired already.

 

[ditcherman]

I want to time it so I can sell at the bottom and buy at the top.

Oh hey I didn’t know you were a farmer too.

 

[AtTheMurph]

The company that administers our 401K is here at work today for our 1 on 1 planning sessions.

Did they hand out Quaaludes during the meetings?

 

[yeahbaby]

The company that administers our 401K is here at work today for our 1 on 1 planning sessions.

Same here, I meet with the rep this coming Wednesday. IT will be interesting to hear what she has to say.

 

[nonobaddog]

Don't they always say the same thing? - "just ignore the market and keep putting stuff in the account".

 

[CHCRandy]

Maybe...... AND......

the government will not change the Roth rules on you in the next 30 years.

Was that meant to be purple or did you mean they will change rules?

 

[Trigger Time]

Hell they've already changed the IRA Roth in my lifetime

 

[GodFearinGunTotin]

Was that meant to be purple or did you mean they will change rules?

There have already been noises made about all that accumulated wealth in 401K’s, etc and how if things were made fair, that money could be “invested” in those that need it more than you. Anything’s possible if we continue moving towards equity of outcome rather than opportunity.

 

[smokingman]

US banks sent a warning shot to get organized,and large investors/depositors will see this as a warning to GET MONEY OUT.


Here it is Federal Reserve statement.
Of course, some banks will also be struggling during the coronavirus outbreak. Shares of major US banks including Bank of America and JPMorgan Chase plunged more than 10% apiece Monday.(actually it is worse JPM93.44 USD −14.67 (13.57%)

The agencies, which include the Federal Reserve, FDIC and Consumer Financial Protection Bureau, also offered to provide "appropriate regulatory assistance" to banks. That includes granting requests in scheduling bank exams or inspections "to minimize disruption and burden."

GET YOUR money out.It will not be yours much longer.

https://www.cnn.com/business/live-news/stock-market-news-today-030920/index.html

Maybe this time you will listen.


Yes bank in India(one of the largest banks on earth)...just defaulted and was taken over by the government.Withdraw limits already.
https://www.cpifinancial.net/wealth/news/india-seizes-yes-bank-limits-withdrawals

 

[CampingJosh]

Do you guys have Roth accounts? Won't be tax friendly now, but in 30 years you will be a tax free millionaire.

Both of our IRAs and our portion of the 401(k) are all Roths. We'll come out way ahead this way.

The tax savings this year would be $3k. Tax savings long term with the Roth will blow that away.

 

[CHCRandy]

Both of our IRAs and our portion of the 401(k) are all Roths. We'll come out way ahead this way.

The tax savings this year would be $3k. Tax savings long term with the Roth will blow that away.

I hear ya. That's what my wife and I have as well. I only have about 7-8 years until I can start taking it out, as long as the government don't steal it.

 

[nonobaddog]

I hear ya. That's what my wife and I have as well. I only have about 7-8 years until I can start taking it out, as long as the government don't steal it.

Another good thing about a Roth is you don't have to make withdrawals at any age, with a traditional IRA they force you to make withdrawals even when you don't need/want to.

 

[Hohn]

I’m a buyer at these times. Buffet was right about being greedy while others are fearful.

 

[CHCRandy]

Should have bought today the way it looks. Old Trump gonna stimulate us......should be green as all get up tomorrow. You know how people are about free....that will make em forget about the virus.

 

[smokingman]

Should have bought today the way it looks. Old Trump gonna stimulate us......should be green as all get up tomorrow. You know how people are about free....that will make em forget about the virus.

At best 2-3 days. That is all this buys,if that. Reality is brutal.

 

[Doug]

If a Dem gets elected, they may confiscate your IRA's to pay for your Social Security.

 

[hoosierdoc]

Oil up. Futures way up

Sad DRIP is down way more than GUSH is up

 

[JettaKnight]

Sad DRIP is down way more than GUSH is up

You should see a urologist about that.