Party over for the stock market?

[happyvibe]

The last few trading sessions have given me cause to worry. I think we are headed to volatile times in more way than one.

[Linville]

well it was bound to have a correction.
and yea it is bothersome.
but hang tight dont sell low.

as a percentage not as bad as it looks.

[Richardg8092]

So last week I was considering buying a few bit coins - not for any reason really, just because it seemed like it was a currency that people were using more and more.
In fact, I think it was just that I didn't want to feel left out, or left behind....

And, OK, there was also a part of me that was attracted to the fact the bitcoin was totally independent of Big Business and Government etc.
They wouldn't be dictated to by The Man.    Kind of like Apple used to be, back in the day....way way back.....

And then the crash came, and overnight every bitcoin on the planet was worth 60% less.
And I realised how glad I was that I hadn't bought any, how I'd never needed it anyway, and how that kind of volatility scares me half to death.

[happyvibe]

Richardg8092- agreed. I would def call myself a very risk adverse type of person. I think right now its important to look at the big picture than worry about the day to day. fundamentally nothing is wrong with the market except that it was probably too high.

as for bitcoin- im with you - just watching from the sidelines.

[Linville]

Hi 

The mkt, ahhhhh.
Yes, dollar cost averaging is the best way to invest and be diversified .

When it drops then it is a good time to buy.

[thegreaseman]

So last week I was considering buying a few bit coins - not for any reason really, just because it seemed like it was a currency that people were using more and more.
In fact, I think it was just that I didn't want to feel left out, or left behind....

And, OK, there was also a part of me that was attracted to the fact the bitcoin was totally independent of Big Business and Government etc.
They wouldn't be dictated to by The Man.    Kind of like Apple used to be, back in the day....way way back.....

And then the crash came, and overnight every bitcoin on the planet was worth 60% less.
And I realised how glad I was that I hadn't bought any, how I'd never needed it anyway, and how that kind of volatility scares me half to death.

I know what you mean about feeling left behind, but it wasn't exactly a gold mine at the end of the day unless you were way ahead of the curve and purposefully investing. More people lost money than made it. Terrible time to buy any cryptocurrency. It's frustrating to use right now because of how much it fluctuates overnight.

[schmok]

Yes, dollar cost averaging is the best way to invest and be diversified .

When it drops then it is a good time to buy.

This is great advice!
Also, investing should be more of a long term strategy, ime...

[Linville]

Yes
Don’t panic and sell when mkt drops

[MoJim]

We all knew it was coming as everything is cyclical. My advice buy low, sell high Since I'm now retired I need to stay in moderate risk funds, but I'll be sure to jump in when the market bottoms out. The days of dollar cost averaging has now passed me by. Just hoping not to get wiped out. I work with a financial advisor who knows exactly what level of risk I'm comfortable with.

[happyvibe]

i worked in finance for many years. this volatility is pretty crazy but fundamentally the market has had a great run. we are gonna have to get used to 500 point swings as the norm for now.