Will the stock market be okay again?

Question

I am so scared. i am in long term but I m 58 and retired. I am taking 4% from my IRA. Losing everyday.

Answer 1

No not for a long time. I got out about a year ago and im glad I did but I was a day trader, just found something more profitable quicker. Invest in domains, they are still going strong.

Answer 2

At 58 you should have 50-60 percent in fixed income

Answer 3

Nah.. its never going to be ok again.. i have lost millions.. just give up now.. the economy is too low...

Answer 4

And then some.  Last week my portfolio was down about 14% and I've been buying ever since.  Cost averaging those losses has taken me to just under 6% now and when things rebound I'll see a profit relatively quickly.  

All these nay sayers are the very reason the market fluctuates so wildly.  They are too ignorant to know how to invest and spread that ignorance and panic to others which leads to sales.  Smart investors are buying but since the market is still dipping that should show you how many smart investors there actually are.

Answer 5

Of course! this is america nothing bad happens here!

Answer 6

yes it is gonna be fine. you have studied the history of the Stock market right? The main reason in my opinion that the market is doing so bad is b/c of high gas prices but sooner or later that bubble has to pop.  Most expert analysts agree that it's gonna pop. the market always has had down trends then goes back up.  There may be a tarriff soon for china. Really, one way to look at these stocks that are going down is, if you keep buying more at this cheaper price, or, you have a set amount you keep investing each month on particular stocks that are going down it gives you a chance to own more shares. so when they go back up which chances are most if not all in your portfolio will, you will own more shares. Stay long my friend.

Answer 7

Historically, the market has retraced over 30% more than ten times in 70 years.  Even so, it has returned an average of over 10% a year over that time.  Thats better than bonds, better than CD's.  Hang in there and try not to think about the short term.  In a year or two the market will be back in action.

Answer 8

Of course (anyone who tells you that the stock market doesn't EVENTUALLY recover is wrong)

Just remember a few things

-most of the people on wall street that predict a recession, think that it will be a light recession

-the stock market is like an indicator for the economy, in other words, just because the economy is bad now, doesn't mean the stock market will be bad too

-i would get some cash ready to buy sometime soon as I see this as an excellent opportunity for long-term investors to buy on a low

Answer 9

Im no expert but from my knowledge bear markets are part of the cycle which lasts a few months.

Answer 10

the stock market will never be ok.

we are into Worl Wide Depresion like in the

1930's

Answer 11

You shouldn't be scared if you have an "asset allocation" set to your risk tolerance.

"Asset Allocation" is more important than picking the right funds. You can adjust your portfolio to benefit from the best categories, in percentages that won't blow you away when the market moves south.

I'm 59, retired & watching parts of my portfolio go down. But my portfolio is set up so that my exposure to bear markets will not destroy my future or sleep tonight.

Right now my portfolio is down 10% from the October highs. The market is down 20%.  I've been investing since 1978, I've been through this before (worse).... I'm not happy... but I'm not worried.