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Thread: Money

  1. #791
    Darth Small Macheath's Avatar
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    Holy moly, S&P down 3% today. Negative for the whole year now.

  2. #792
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    My 401k is going to auto re-balance next week. Since the market is quite tumultuous should I tell it not to re-balance right now?

  3. #793
    Darth Small Macheath's Avatar
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    The market probably won't ever not be tumultuous. I wouldn't perturb your normal shit.

  4. #794
    Darth Small Macheath's Avatar
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    Quote Originally Posted by Macheath View Post
    Right now, my entire portfolio looks something like 70% stocks, 17% bonds, 13% cash. Some portion of that cash is ready to be invested, and the market's had a couple days worth of corrections. If that continues, I'll happily buy stock at a discount, so thanks for talking me off the mortgage-ledge! If this is just a two-day dip, I'll say "aw shucks" and buy stocks anyway. For now... I'm waiting.
    Market down like 10%

    Cool, decent discount, let's jump in

    Market instantly drops another 3%

    Not as sad as I could have been, but still a little sad

  5. #795
    Darth Small Macheath's Avatar
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    Well, the verdict is in for 2018: "the market" (VTSAX) was down 7.7% for the whole year, at least based on my 30 seconds of math on Google Finance. First down year since 2008, the Bull Market is finally ended, all hail the New Recession. Actually feels a little nice, the tension was starting to get to me. If your net worth continued to increase in 2018, well done! You worked and saved what you could, and the market couldn't beat you down.

    I got a chunk of INTU stock at the beginning of December (the third and final installment of my "signing bonus"), right when things were starting to tank. Unfortunately, there's a 6 week blackout period (starting Jan. 3) where Intuit employees can't sell. So I have to either act immediately (today/tomorrow) or wait. Of course I plan to wait, it would suck to miss out on a little bit of potential bounce-back while I painstakingly settle one trade, make a slow-ass transfer from one entity to another, then wait for funds to settle at Vanguard and finally buy what I want. But blackout periods are shit.

    What I should have done is sell instantly, as I always do. But I didn't do that, and as the market dropped more and more, it pained me and I couldn't pull the trigger. So here I am.

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