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?
Stock Market correction?
February 5th, 2018 at 08:38 pm
February 5th, 2018 at 09:20 pm 1517865632
February 5th, 2018 at 09:53 pm 1517867586
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.
February 6th, 2018 at 12:56 am 1517878610
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.
February 6th, 2018 at 02:25 am 1517883916
February 6th, 2018 at 12:56 pm 1517921763
February 6th, 2018 at 08:18 pm 1517948309