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Posted: 3/18/2020 12:56:11 PM EDT
[#1]
Quote HistoryQuoted:
No. If anything I'll be trying to push more in ASAP. |
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Posted: 3/18/2020 2:14:41 PM EDT
[#2]
no stopping now, stocks are on sale!
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Posted: 3/18/2020 4:18:22 PM EDT
[#3]
I increased my contribution by 2%. That's about all I can right now. But I've got 20-25years before retirement. If it completely crashes, then money doesn't matter anyway and I'm diversified in copper, brass, and lead.
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Posted: 3/18/2020 7:40:23 PM EDT
[#4]
Buying cheaper is locking in losses?
Arfcom. Where people buy high, sell low, and wonder why they don't get anywhere. Bc feels. Buying stocks and real estate during bad markets are how you get filthy rich. If I had 50 million I'd be buying stock and houses like a drunk at the bar. The problem is dollar cost averaging means I buy all the time so I can't stockpile cash. |
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Posted: 3/19/2020 1:45:21 PM EDT
[#5]
What Fella said. My Dad probably got to retire 5 years earlier than he otherwise would have because in the late 90s he started to get concerned about the market, so he went to almost 100% money market. When the dot com bubble burst and stopped tanking, which took a while, he went ALL IN, and when the market recovered he was living the dream. Now he's in a place where he does whatever he wants and his savings still grow faster than he can spend them...that's how retirement is done!
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Posted: 3/19/2020 1:48:59 PM EDT
[#6]
Quote HistoryQuoted:
Because they still seem to be dropping. Maybe this is the highest we'll see in the next 2 years, we don't know. Quote HistoryQuoted:
Quoted:
Buy low, sell high. Why in God's name would you stop buying now?! The psychology that causes people to want to up contributions as prices are sky high, and lower them when they are low, is not the psychology that builds wealth. |
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Posted: 3/19/2020 1:49:19 PM EDT
[#7]
Quote HistoryQuoted:
That’s right. We. Don’t. Know. That’s why you dollar-cost-average your monthly contributions uninterrupted. By doing so you buy more shares when prices are low and fewer shares when they are high. Quote HistoryQuoted:
Quoted: Because they still seem to be dropping. Maybe this is the highest we'll see in the next 2 years, we don't know. That’s why you dollar-cost-average your monthly contributions uninterrupted. By doing so you buy more shares when prices are low and fewer shares when they are high. |
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Posted: 3/19/2020 2:03:51 PM EDT
[#8]
boosted it.... I'll max out earlier this year, but its all on sale!!
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Posted: 3/19/2020 2:10:25 PM EDT
[#9]
That seems like a terrible idea. You'd be losing your employer match as well.
Here's an article that supports it though. They're recommending you temporarily suspend 401k and create an emergency fund, but you'd be getting taxed on that additional income. https://www.cnbc.com/2020/03/18/when-to-temporarily-stop-saving-for-retirement-during-the-pandemic.html |
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Posted: 3/19/2020 2:11:13 PM EDT
[#10]
At this point trying to time the market is like a game of Russian roulette but instead of 1 bullet is 3. One day its up, like today, and the next its in negative 10% territory. Buy every friday or monday and go on with your life. Everything is on sale to 2017 prices so buy cheap and stack deep and sell later or live off the dividends.
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Posted: 3/20/2020 2:17:50 PM EDT
[#11]
Quote HistoryQuoted: Because they still seem to be dropping. Maybe this is the highest we'll see in the next 2 years, we don't know. |
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Posted: 3/20/2020 2:21:01 PM EDT
[#12]
Buy it cheap and stack it deep.
Wish I could up my contribution more. |
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Posted: 3/20/2020 10:35:50 PM EDT
[#13]
Quote HistoryQuoted: Buy it cheap and stack it deep. Wish I could up my contribution more. Yup. OP has been here forever but man that’s the wrong move. I lost 6 figures in the last 2 weeks but I am still contributing the max... |
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Posted: 3/21/2020 8:40:02 AM EDT
[#14]
Yeah go ahead and try to time the market , you will surely get it right this time.
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