Everyone with a pension plan should be worried.

You mean 401K? Pension plans are very different from 401KS.

 

Pension plans are run by an administrator, are VERY conservative in nature, have no real time horizon, you have no say what they are invested in and are genareally 100 percent paid.for by the company / entity you are employed by.

 

401K are run by you. You can enroll / not enroll, you pick percentage to contribute, which funds to invest in from limited choices in your 401K, what percent to invest in each fund. You determine risks. From very conservative to very agressive. You have a limited time to make contributions and once stop working contributions stop.

 

Equity / stock market will effect 401Ks much more than pensions. Pensions generally invest in the debt and cash markets.

Market corrections are buying opportunities. If you are panicking you aren't investing, your gambling.

What does everyone think about the supposed impending doom we are about to face in Sept?

Market corrections are buying opportunities. If you are panicking you aren't investing, your gambling.

 

The "markets" as we know them today are a casin0. If we are sitting down at the table with HFT's, mega-banks, and hedge funds and we think we are investing in that card game, then we are the mark. 

 

I think it is fine if we sit at the table knowing we are gambling, but if we sit down thinking there is a safe way to invest, we a deluding ourselves. 

What does everyone think about the supposed impending doom we are about to face in Sept?

 

Keep saying it and it will happen.  I love how if you keep saying it often and loud enough people will believe it to be true.

Only invest what you can lose. There are safe companies and risky ones.

What does everyone think about the supposed impending doom we are about to face in Sept?

 

What doom is that?  Is Hilary Clinton visiting NJ?

What doom is that?  Is Hilary Clinton visiting NJ?

i think he is referring to FED raising interest rates at the next meeting (which is a joke IMHO),  but i'm not sure which would have a more negative affect.

Yeah, that's already been priced into the markets for the most part.

It's being said that there is gonna be a huge market hit somewhere around the 20th of sept

The "markets" as we know them today are a casin0. If we are sitting down at the table with HFT's, mega-banks, and hedge funds and we think we are investing in that card game, then we are the mark.

 

I think it is fine if we sit at the table knowing we are gambling, but if we sit down thinking there is a safe way to invest, we a deluding ourselves.

IF you are trying to play the markets / same game as HFTs, then yes you will probably lose. But the majority of retail investors don't play that game. The smart ones dollar cost average into.the market, buy good quality companies when others are panicking and selling, and realize that what is occuring today, tomorrow, next month, etc is just noise.

 

Why would you want to compete with hedge funds? The majority underperform the broader markerts. The ones that do stellar one year aren't the same ones that do stellar the following year.

 

In the world of personal finances it is better to be the tortoise than it is to be the hare. Slow and steady wins that race.

Orange juice and pork bellies!

Orange juice and pork bellies!

I was just going to mention that there are numerous "markets". Nobody is limiting or forcing people to invest in the stock market. Investing in a single market really isn't diversifying. You should invest in markets that have little to no correlation to one another. Helps spread out your risks.

Orange juice and pork bellies!

 

Dinner time at the MipaFox household?  MMMmm..  sounds tasty.

 

and yeah on what glen said.

Orange juice and pork bellies!

Looking good, Lewis!

There is NO such thing as timing the market.  EIGHTY (yes 80) percent of professional traders who do this day in, day out, still fail to beat the market on behalf of their clients (once you consider fees).

 

Time IN the market is the most important thing.  There is not a single 30 year period since the creation of the stock market (1800's) that the market overall has not gained 7%.  Smart investing is buying a selection of brorad index funds and then not looking at it.  Maybe rebalance once/twice per year as your stock/bond allocation changes.

 

Solid advice.  Buying a little extra during the times when stuff is on the news (like now) isn't a terrible idea either.

 

The important timing that can't be ignored is when to cash out and what to move that money to, either before a big outlay (home, college) or retirement.   A good time to do this is when the market is making news for more positive reasons.