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Stock Market correction?

February 5th, 2018 at 12:38 pm

I don't pay too much attention to the stock market because I'm young enough that I can still be a bit aggressive in my investments. I figure that anything too terrible will correct itself eventually. I also figure since my most active retirement account is my 401k through work, it's just buying more shares when the market is crappy. The current ride of great returns has been nice but it seems that is changing.

I wonder if this is a big long term change or if it is only a temporary blip.

My wife recently retired and rolling over her retirement account. We're also going to get her going with a ROTH.

I must confess, I'm hoping eventually we'll have better saving interest rates.

How are you taking today's stock market news?

6 Responses to “Stock Market correction?”

  1. snafu Says:

    Careful what you wish for...Inflation usually comes along for the ride with rising interest rates. Likewise, Bond value drops as interest rises so it has potential to affect allocation.

  2. Dido Says:

    Ho-hum, a blip, we knew the ceaseless upturn couldn't last. This is a buying opportunity if you are in for the long haul, as you noted.

    We can't know the long-term now, but from what I've heard, even though US stocks have been somewhat highly valued, the fundamentals are good and the changes from the tax cuts are still being priced into the market, so my guess is that it's a temporary correction. The average correction is a 13% drop that recovers in four months. When the market falls, I just don't check my portfolio as often and I do check to rebalance eventually.

  3. Petunia in a Flower Garden Says:

    Something like what Dido said.

    I rode out the 2008 downturn by being completely oblivious. Not expecting such a big down turn this time. We aren't retiring tomorrow or anytime soon.

  4. FrugalTexan75 Says:

    Yep, I'm hoping my monthly contribution to my ROTH goes in before the stocks start to go back up - Stocks on Sale baby! (Index fund stocks that is ...)

  5. PatientSaver Says:

    I'm not too worried, though of course at the same time, I'm hoping it doesn't continue diving much more. I won't look at my balance, though, until things recover, even if it means skipping my monthly investment check.

  6. rob62521 Says:

    As depressing as it is to see the market drop, that is part of it. But, if you look at the overall picture of how the market has grown from 1924, it has been on a pretty good incline with a few drops (some major) here and there. I'm not super worried because I wasn't planning on selling anything.

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