RSKY
Veteran Member
- Joined
- Oct 5, 2003
- Messages
- 2,447
- Tractor
- Kioti CK20S
NOW is the time to up your 401k contribution for a couple months. The market has taken a huge hit and dropped 4-8% over the past week. What that means is that the average price of a share of stock has dropped that much. Some has dropped more, some less.
But the market ALWAYS comes back. So the mutual fund that lost 8% of its' value yesterday will quickly regain that value during the next year if the market follows its' usual trend.
So every dollar you put in now will buy more shares that SHOULD quickly regain their lost value. That means a dollar invested will jump to a dollar and a dime very quickly.
I missed this time. I didn't expect a correction until the end of the year. So I am hung out and still invested in growth funds. The last correction before this one was a year late in my reckoning. So I went heavy in value funds and kept too much in bonds. So I didn't earn as much as I should have for a year.
Oh well. I have still made out like a bandit since I retired in 2011. I have withdrawn and spent nearly half the value of what I had at that date and was well on my way to regaining the original sums. And NOBODY can predict what the market will do. They can guess, and hope, buy not successfully predict.
Take everything I have said above with a grain of salt and make your own decisions. I am basing what I have said on events over the past thirty years.
Clear as mud, isn't it.
RSKY
But the market ALWAYS comes back. So the mutual fund that lost 8% of its' value yesterday will quickly regain that value during the next year if the market follows its' usual trend.
So every dollar you put in now will buy more shares that SHOULD quickly regain their lost value. That means a dollar invested will jump to a dollar and a dime very quickly.
I missed this time. I didn't expect a correction until the end of the year. So I am hung out and still invested in growth funds. The last correction before this one was a year late in my reckoning. So I went heavy in value funds and kept too much in bonds. So I didn't earn as much as I should have for a year.
Oh well. I have still made out like a bandit since I retired in 2011. I have withdrawn and spent nearly half the value of what I had at that date and was well on my way to regaining the original sums. And NOBODY can predict what the market will do. They can guess, and hope, buy not successfully predict.
Take everything I have said above with a grain of salt and make your own decisions. I am basing what I have said on events over the past thirty years.
Clear as mud, isn't it.
RSKY