Stock Market

[joewillie12]

This is NOT a repeat of the Great Recession in 2008. Low oil prices should have a stimulative effect on the economy, plus all this turmoil in the markets will keep the Fed on hold. We were overdue for a correction, but I predict the market will return before the end of the year. Oil stocks are a great buy here.

Not sure if oil is a great buy yet? BE CAREFUL! Iran has just joined the party of selling cheap oil. Their embargo was just lifted and they have alot of oil to peddle. I'm no expert by any means but do follow the market daily. There are predictions that oil could drop much lower. Its amazing to fathom that after paying over $4gal not to long ago.

 

[Talent312]

There's definitely a fear-factor, over-reaction at work here.
But I'm 55% invested in bonds, so at least I sleep at night. :zzz:
.

 

[dioxide45]

Not sure if oil is a great buy yet? BE CAREFUL! Iran has just joined the party of selling cheap oil. Their embargo was just lifted and they have alot of oil to peddle. I'm no expert by any means but do follow the market daily. There are predictions that oil could drop much lower. Its amazing to fathom that after paying over $4gal not to long ago.

I would agree. Also, with US companies now able to export oil on the global market, it will add additional pressure on a downward trend in oil prices.

 

[lizap]

Pp

If your holding period for oil stocks is 3-5 years and you're not a short-term trader, I'm quite confident you will do well. I believe Warren Buffet has been a buyer lately..

Not sure if oil is a great buy yet? BE CAREFUL! Iran has just joined the party of selling cheap oil. Their embargo was just lifted and they have alot of oil to peddle. I'm no expert by any means but do follow the market daily. There are predictions that oil could drop much lower. Its amazing to fathom that after paying over $4gal not to long ago.

 

[ace2000]

If your holding period for oil stocks is 3-5 years and you're not a short-term trader, I'm quite confident you will do well. I believe Warren Buffet has been a buyer lately..

I've been switching a few things into oil lately, and possibly more. Any recommendations?

 

[John Cummings]

The market passed well into correction territory defined as a 10% drop. I am retired and not doing any buying or selling right now but I am considering diversifying a couple of my high dividend stocks.

I wouldn't be switching anything into oil yet because I believe oil prices will continue to fall this year. I am not a big fan of oil stocks.

 

[Bailey#1]

Just three months ago the experts were predicting gold to fall under $700.00 an oz, when at that time it was in the upper $900. What is it now $1100.00? Point is if you start selling now you may get hurt. Twelve months ago the Chinese market prices were a little less than today. Then they zoomed 20%+ higher, now they zoomed 20% lower (there was a bubble there). I may be wrong but
for the average investor just stay tight!

 

[lizap]

It's easily possible oil price have further to go, but it will be difficult to precisely predict the bottom..

The market passed well into correction territory defined as a 10% drop. I am retired and not doing any buying or selling right now but I am considering diversifying a couple of my high dividend stocks.

I wouldn't be switching anything into oil yet because I believe oil prices will continue to fall this year. I am not a big fan of oil stocks.

 

[johnrsrq]

Just three months ago the experts were predicting gold to fall under $700.00 an oz, when at that time it was in the upper $900. What is it now $1100.00? Point is if you start selling now you may get hurt. Twelve months ago the Chinese market prices were a little less than today. Then they zoomed 20%+ higher, now they zoomed 20% lower (there was a bubble there). I may be wrong but
for the average investor just stay tight!

$gold spot gold lowest intraday 1045.40 on 12/3/15 hasn't gotten there yet

 

[joewillie12]

If your holding period for oil stocks is 3-5 years and you're not a short-term trader, I'm quite confident you will do well. I believe Warren Buffet has been a buyer lately..

I sure hope your right. Still not going into oil on the down tick. I've read it could reach a buck a gallon. Maybe we'll start getting glasses with a fill up again.

 

[John Cummings]

It's easily possible oil price have further to go, but it will be difficult to precisely predict the bottom..

Absolutely which is why there are so many diverse opinions among the pundits.

One should never try to time the market.

 

[John Cummings]

I sure hope your right. Still not going into oil on the down tick. I've read it could reach a buck a gallon. Maybe we'll start getting glasses with a fill up again.

I remember the good old days when you got a 6 pack of coke and green/blue stamps with every fill up.

 

[joewillie12]

I remember the good old days when you got a 6 pack of coke and green/blue stamps with every fill up.

Yup, and they pumped your gas and cleaned your windshield too. My mom had a collection of dishes from the gas station also.....makes me laugh to say that.

 

[artringwald]

We still have a couple of our plastic handle gas station steak knives. They last forever.

 

[x3 skier]

I just got the statement for last year for my 401k. Since I've had to be taking my Required Minimum Distributions for a few years, each year I've wound up with more in the 401k than when the year started.

Looks like this year it will be different. The funds are 60/40 or so stocks vs bonds. Maybe I should get some part time work so I can add to the funds to keep my record going.

Cheers

 

[pedro47]

I just got the statement for last year for my 401k. Since I've had to be taking my Required Minimum Distributions for a few years, each year I've wound up with more in the 401k than when the year started.

Looks like this year it will be different. The funds are 60/40 or so stocks vs bonds. Maybe I should get some part time work so I can add to the funds to keep my record going.

Cheers

Next year I will start my Required Minimum Distribution and this is my concern & reason for asking the question about the stock market.

 

[WinniWoman]

What's a good Blue Chip Fund that all of you have been picking for your Roth. I'm 13 years from retirement.

I use T Rowe Price, but there is also Vanguard and Fidelity.

 

[WinniWoman]

I suppose if you are close to retirement this would be a concern, though you really shouldn't have so much in the stock market if that is the case. Being properly diversified would insulate one from big downturns like this when so close to needing the money. What wiped out a lot of peoples retirement funds in 2008 was that they had too much invested in stock or even too much in their own company that went belly up.

If you are relatively young and dollar cost averaging, I say keep doing it and don't look at it. I haven't even had the time to look at my 401K balance in a long time and didn't know the market was down until I saw something about it yesterday.

I am diversified, but I just don't get it. Everything ends up going down- bond mutual funds as well.

 

[Talent312]

I am diversified, but I just don't get it. Everything ends up going down- bond mutual funds as well.

It's the cycle of life... Ride it out, and you'll be fine.
Cash out now and you'll lock in your losses. Bad idea.

I like a 55-45 bond-to-stock ratio (near retirement) and individual bonds:
With individual bonds, you at least get face value returned at maturity.
Bond funds are subject to interest rate risk but they won't see major losses.
.

 

[pedro47]

I have Vanguard and I am going to ride this out just like in 2008.

 

[bogey21]

One should never try to time the market.

I manage my kids IRAs and my Daughters 529s (because I am the one who put the money in them). Sometime in late 2014 I took them out of stocks and put 100% of their money in a Low Duration Bond Fund. I am now slowly going back into stocks at prices lower than when I sold. As this market continues to deteriorate I will increase their investment in stocks.

George

 

[artringwald]

With less than 4 years before my Required Minimum Distribution starts, I've been selling some of my mutual funds when they're up and keeping the profits in money market funds. That way when I need to take money out, I don't have to worry if the market is down.

 

[johnrsrq]

I've been switching a few things into oil lately, and possibly more. Any recommendations?

will core labs, clb, keep assisting co's extract more from their producing wells and will it's above average free cash flow continue. I think so, bwdik.

clb, helping US exporters be competitive at lower cost. I now nothing but I like this company.

this is not a recommendation as all should seek their own professional in such matters.

 

[Kal]

With the significantly lower fuel prices, should we hold our breath until we see SUBSTANTIAL changes in airline ticket prices??

 

[Sugarcubesea]

I use T Rowe Price, but there is also Vanguard and Fidelity.

Thanks, this is who my my 401K is with through my company. I will look to see what they have.