How are your investments doing?

[square1]

Far from a perma bear. I just know that things are running out of steam and things will correct. The boomers thinking this party will never end and are paper rich have a huge awakening coming.

I'm trying to tell them to wake up, take the profits, and get out of the market. They do not have the time left on earth to recoup the losses.

It all depends on where one is, if you're in Growth Equities and a boomer in or nearing retirement, I tend to agree.
I'm a boomer and am retiring very soon. I'm not selling, and for the short-term I'm not buying either, just accumulating liquid assets for the inevitable bargain basement prices on more passive income opportunities.

 

[paulsharvey]

We can buy company stock at a slight discount (maybe 15% of market?), and some of our guys do. Couple reasons I dont; investing much in a company you work for seems awful risky; it goes down hill fast, you loose your job, and your stock crashes as well. Another reason, its in Canadian dollars; so just cause the stock went up 2.46% yesterday, doesnt mean its value did.

 

[Snobdds]

I'm a boomer, and I think no such thing. I'm also not about to sell off my portfolio and put it in my mattress because some think the sky is falling.

You literally thought that is what I meant?

Put it money markets, US treasuries, or even dividend stocks.

Warren Buffet has sold most equities and has rotated into almost a trillion dollars of US treasuries.

 

[Snobdds]

Boomers start at 61 years old right?
Personally, I don’t know if I’d tell people that young, to get out of the market today because of a feeling it’s going to have a major correction.
What if you’re wrong, and they miss more gains? A 61 year old has potentially 30 more years on this rock. That’s longer than any previous correction.
At my most pessimistic, I’d tell someone to go to quality dividend stocks and gold ETF’s. That way , they’re still in it for more upside, and downside protected with dividend income… but that’s just me.

Stocks - all time high.
Gold - All time high
Real estate - all time high
Crypto - All time high

There is nothing of value out there anymore.

This is the time to bank profits, put it in some interest producing savings and wait. Then you are liquid to buy when everything goes to hell.

This is not hard.

 

[Oaktree]

You're still missing the point. The DOW isn't the "market". It's a narrow look at one industry.

How do you get "one industry" out of the Dow list?

 

[Torvy]

How do you get "one industry" out of the Dow list?

The DOW is all manufacturing..."Industrials". With only 30 corps on the list, it is exceptionally narrow.

 

[Oaktree]

Stocks - all time high.
Gold - All time high
Real estate - all time high
Crypto - All time high

There is nothing of value out there anymore.

This is the time to bank profits, put it in some interest producing savings and wait. Then you are liquid to buy when everything goes to hell.

This is not hard.

You don't know what you're talking about. There is plenty "of value" out there. Maybe not many bargains, but still value.
Yes, a smart portfolio contains some cash, but if your entire investment is in CDs, you're missing out on a lot of gain.

If all this was "easy", we'd all be millionaires.

 

[Oaktree]

The DOW is all manufacturing..."Industrials". With only 30 corps on the list, it is exceptionally narrow.

Bull. I wouldn't consider Microsoft, American Express, McDonalds or Home Depot to be "manufacturing".

 

[Torvy]

If all this was "easy", we'd all be millionaires.

It is easy and we all could easily be millionaires.

Even if you made the federal minimum and only invested the amount that is taken for Social Security, you would have over a million simply by putting it in an S&P fund and leave it alone for the 50 ish years you work.

 

[Torvy]

Bull. I wouldn't consider Microsoft, American Express, McDonalds or Home Depot to be "manufacturing".

Missing the forest for the trees.

S&P 500: A broad index of 500 large-cap U.S. companies, spanning all major industries. It’s often viewed as the most accurate reflection of the U.S. stock market and a key indicator of overall market health.
Source: What Does “The Market” Actually Refer To?