This afternoon could see an epic sell off with the markets being closed tomorrow for Good Friday. Will investors take their profits or hold over a 3 day weekend, hmmmm?
You would think, so I expect it to go flying up.
This afternoon could see an epic sell off with the markets being closed tomorrow for Good Friday. Will investors take their profits or hold over a 3 day weekend, hmmmm?
You would think, so I expect it to go flying up.
Invested heavily in canned goods and shotguns.
Also bought some Crown Royal stock given my likely drinking habits the rest of this hoops season.
Well the first page of this thread and predections held up really well. But Cyched really outdid himself.
Did you change your investment allocation, or contribution allocation?Looking back a couple months ago:
At my age, my stock allocation was probably a little high for my comfort. At one point I was down 20%, but never did anything. Yesterday, I was down 7% YTD so I finally made a little shift of my allocation to be more conservative. I've had a reminder set every quarter to look at my allocation but many years of gains made me lazy/greedy. I'm just happy it fought back because there was no way I was making changes when the market was down 20+%. This was for my 401k. For my Roth IRA the only thing I did was sell all my O. This was probably a dumb move as well.
Also, the few stocks that I held that I thought would do good in this market haven't done anything or negative. 3M, JNJ, and Roche. My one weed stock PLNHF, has also tanked.
Did you change your investment allocation, or contribution allocation?
If you're young (30s,40s), you really shouldn't change your investment allocation. Just let it ride. Are you going to try to time every downturn over the next 30 years?
About a month ago I changed my contribution allocation to put more in US stock market rather than my normal allocations across funds.
@cycloneG OPEC cuts production. Oil stocks should be up on Monday again.
JP Morgan, Wells Fargo and Delta report Q1 results today. Will be interesting if they give any forward guidance for the rest of 2020. CEO/CFOs will have to choose their words wisely during the conference calls.
Delta should be brutal.
I still don't understand this, but so far for 2020, I am up 2%, basically gained enough to offset the entire plunge already. This makes no sense. 401k balance is the highest ever. I guess thanks to the fed.