Featured Your IRA just dropped

Yeah, I'm afraid to look. Best I don't.

 

maybe some - but our boring, mediocre bonds & other safe holdings are holding ok. So that's just like doing 29½% better than those that mocked safety ....
.

 

No worry. After I bought my 2012 Prius v with savings in 2012, I started saving for my next car in cash.

I am of Lithuanian descent, and my grandfather, Jurgis, taught my father and me well.

 

when do the banks start folding?

we'll be down to .01% interest rate on our fixed income investments

 

That's why I've keep my car financing savings in cash under my mattress.

For security, it is readily available.

My grandad lived through the Great Depression, when he bought a good used Model T for $25, because he had cash and the seller needed groceries.

 

Unless your at or near retirement, this is the best advice for looking at your retirement portfolio during a stock dive.

Also, I don't see how Boeing makes it through this without declaring bankruptcy.

 

I have the best possible extended warranty on everything I own.

It's called CASH.

There are no exclusion clauses, and I get a full refund, if I don't use it.

If something happens to my car, in a few years, I'll have enough cash to pay for it in full.

 

our PV solar yields a nice return - paid for itself, and still pays 97% of the electric bill - regardless of market swings or bailouts or defaults

.

 

This will pass, eventually (and if you survive) and stocks will be on-sale during the mean-time.

 

Looks like my 401K is now on sale at close out prices. OMG.

 

Probably slightly better than a couple months ago. Reduced demand should make for better prices.

Are you certain those interest rates will remain positive? They haven't been in certain other places.

 

Like many others on this site, I am in the demographic that is more at risk for COVID19 so any money issues are secondary. Stay healthy everyone.

 

Some think this as an opportunity to BUY more. It is always zero sum game.

And, I just bought a car. Yap, a day before the crush. Should I have waited a bit longer??? Maybe more discount now... LOL

 

Absolutely. I remember back in the early 1990's when the Mexico market collapsed and a lot of the aggressive mutual funds had a moderate international component and values really dropped. I increased my contributions and bought a ton of cheap shares. Two years later, my portfolio value was way higher than it would have been. BUY, BUY, BUY. (reminds me of a song)

 

Yeah, for those who play the game, you win big but can lose big also. "No risk, No gain" is not my style. For me, I don't play the market. I just do steady dollar-cost averaging to save the same percentage of my wage (currently 20%) into the pot (balanced mixed portfolio of various mutual funds). I don't even look at the performance. I win sometime but I also lose sometime, but never big, steady average 5-7% annual gain over a long period of time.

 

In this case the Fidelity fund manager sent everyone a notice that the fund was going to stay with their investment percentage mix and ride out the downturn and for everyone to have a long term outlook. That's the only reason I shifted my current contributions to that single fund for a year. If I remember right it was their "Contra" fund at the time and fairly low risk as compared to Blue Chip, etc.

 

To be honest, I don't think I have ever read any of prospectus they send me. lol I have changed my jobs several times over the years, and about a half of my retirement funds are staying with one company in very conservative annuity fund (no choice in managing portfolio in this plan) and being inactive (no new contribution) and other half is active in Vanguard. Vanguard plan gives me far more choices in selection of funds for my portfolio. I have fairly straightforward allocation in Vanguard, nothing too risky or too conservative. I just looked at current value on both accounts. My annuity account has lost ~7% in last two weeks while Vanguard account lost ~23%. Sometimes, not having a choice is a good thing.

 

Best strategy for a bear market is : Play dead.

 

Unfortunately for this bear market, that might not just be a figure of speech.