The Market is Crashing - What's Your Plan?

DETRoadster · 02-06-2018, 11:26 AM

Just calculated the damage from yesterday. Actually not as bad as I thought. Overall I'm down 3.3%. Thanks in large part to having pulled a bunch out of the market just before the crash, out of pure luck.

Joekerr · 02-06-2018, 11:33 AM

Quote:

Originally Posted by DETRoadster

Just calculated the damage from yesterday. Actually not as bad as I thought. Overall I'm down 3.3%. Thanks in large part to having pulled a bunch out of the market just before the crash, out of pure luck.

I'm down 6.5%. I don't feel like it's done yet either, so I'm waiting. I'll put some cash back in when I think its low enough.

bimmer456 · 02-06-2018, 11:36 AM

Still holding my investments, this has happened before and then the market rallys. If anything you should be buying, just that I'm tight on cash right now with tax season. If it looks like this is going to go on for more than a month I may move some cash into gold, it is up right now.

DETRoadster · 02-06-2018, 12:00 PM

Quote:

Originally Posted by Joekerr

I'm down 6.5%. I don't feel like it's done yet either, so I'm waiting. I'll put some cash back in when I think its low enough.

Yeah but that's Canadian % right? 6.5% Canadian equates to what, about 4% US?

Sorry man, couldn't resist.

I agree, bottom has not been found just yet.

Joekerr · 02-06-2018, 12:54 PM

Quote:

Originally Posted by DETRoadster

Yeah but that's Canadian % right? 6.5% Canadian equates to what, about 4% US?

Sorry man, couldn't resist.

I agree, bottom has not been found just yet.

SOB, you come up here and say that!!!

Everyone will be happily surprised it equates to that much....

Yeah...bottom is not there yet.

DETRoadster · 02-06-2018, 03:18 PM

Quote:

Originally Posted by Joekerr

SOB, you come up here and say that!!!

Everyone will be happily surprised it equates to that much....

Yeah...bottom is not there yet.

Gladly! I do love visiting Canada. Victoria, Vancouver, Toronto, Quebec City, Montreal, Whistler. All lovely.

Never_Enough · 02-06-2018, 03:22 PM

Now we just need a housing market correction.

DETRoadster · 02-06-2018, 03:27 PM

Quote:

Originally Posted by Never_Enough

Now we just need a housing market correction.

Nooooooooo! Not before I'm ready to sell. I like that my house has more than doubled in "value" between when I bought it in 2011 and now.

Captain Blood · 02-06-2018, 03:32 PM

Up 500 points today. It was a bubble. A small one. Hopefully all the excitement is over.

1MOREMOD · 02-06-2018, 03:43 PM

Quote:

Originally Posted by DETRoadster

Nooooooooo! Not before I'm ready to sell. I like that my house has more than doubled in "value" between when I bought it in 2011 and now.

Damn that's nice. Sold my house then should have rented it out and sold now.

Never_Enough · 02-06-2018, 03:44 PM

Quote:

Originally Posted by DETRoadster

Nooooooooo! Not before I'm ready to sell. I like that my house has more than doubled in "value" between when I bought it in 2011 and now.

I got screwed back in 2009 selling my home. I'm currently in the market to buy so yes.

Home prices are stupid right now.

DETRoadster · 02-06-2018, 04:36 PM

Quote:

Originally Posted by Never_Enough

I got screwed back in 2009 selling my home. I'm currently in the market to buy so yes.

Home prices are stupid right now.

You win some you lose some. That house I bought in 2011 at the absolute bottom of the market was preceded by selling a house at the absolute bottom of the market 3 months earlier. LOL.

Still, I'm thrilled with the decision. The house I sold was in Nashua NH and has since appreciated (according to Zillow) a thrilling 6% since 2011. The Seattle house goes up that much every few months. Great news for me if I want to sell and move back to NH. Does nothing for me if I want to sell and move elsewhere in Seattle.

someguywithanm3 · 02-06-2018, 04:59 PM

Glad I'm in safe mode.

Hawkeye · 02-06-2018, 05:28 PM

Quote:

Originally Posted by someguywithanm3

Glad I'm in safe mode.

Cryptos?

Never_Enough · 02-06-2018, 05:52 PM

I pulled a good chunk of my $ out of the market today. We'll see how far down this goes then I'll buy low

bimmer456 · 02-06-2018, 05:54 PM

Quote:

Originally Posted by Never_Enough

I pulled a good chunk of my $ out of the market today. We'll see how far down this goes then I'll buy low

My portfolio is up today actually. If your stocks go up tomorrow morning at the open (opening higher) that strategy may backfire.

wdb · 02-06-2018, 09:25 PM

I will do what I did last time and buy into the rising market. Timers will say I was late but I look at it as being sure. Right now I'm just waiting.

Captain Blood · 02-08-2018, 06:00 PM

More bad news today. Market down 1000+ pts

1MOREMOD · 02-08-2018, 06:04 PM

The sky is falling

DETRoadster · 02-08-2018, 06:43 PM

Quote:

Originally Posted by 1MOREMOD

The sky is falling

Time to buy!

qba335i · 02-08-2018, 06:52 PM

Quote:

Originally Posted by DETRoadster

Quote:

Originally Posted by 1MOREMOD

The sky is falling

Time to buy!

Not yet... we just basically lost 1.5 month of gains. I would at least wait till we breach the 200 day moving average.

M_Six · 02-08-2018, 07:00 PM

Ouch, ouch, ouch, ouch, ouch.

Must. Not. Look.

02-06-2018, 11:26 AM	#111
DETRoadster Space Force - 4 Star General 11499 Rep 3,265 Posts Drives: M2 MG 6MT / Moto Guzzi V7 Join Date: Jul 2016 Location: Seattle iTrader: (1)	Just calculated the damage from yesterday. Actually not as bad as I thought. Overall I'm down 3.3%. Thanks in large part to having pulled a bunch out of the market just before the crash, out of pure luck.
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02-06-2018, 11:36 AM	#113
bimmer456 Major General 3076 Rep 6,089 Posts Drives: 340i Join Date: Nov 2016 Location: Pasadena, CA iTrader: (0)	Still holding my investments, this has happened before and then the market rallys. If anything you should be buying, just that I'm tight on cash right now with tax season. If it looks like this is going to go on for more than a month I may move some cash into gold, it is up right now.
	Appreciate 2 Captain Blood13874.00 Quote

02-06-2018, 03:22 PM	#117
Never_Enough Banned 2225 Rep 2,476 Posts Drives: Satan's Chariot 2.0 Join Date: Sep 2013 Location: PA iTrader: (6) Garage List 2018 Charger Hellcat [0.00]	Now we just need a housing market correction.
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02-06-2018, 03:32 PM	#119
Captain Blood Banned 13874 Rep 14,519 Posts Drives: Audi S3....don't judge me Join Date: May 2017 Location: Alph Ceti VI iTrader: (0) Garage List 2016 Audi S3 [9.50] 2012 135 [6.83]	Up 500 points today. It was a bubble. A small one. Hopefully all the excitement is over.
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02-06-2018, 04:59 PM	#123
someguywithanm3 Private 318 Rep 89 Posts Drives: E92 Join Date: May 2015 Location: Cali iTrader: (0)	Glad I'm in safe mode.
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02-06-2018, 05:52 PM	#125
Never_Enough Banned 2225 Rep 2,476 Posts Drives: Satan's Chariot 2.0 Join Date: Sep 2013 Location: PA iTrader: (6) Garage List 2018 Charger Hellcat [0.00]	I pulled a good chunk of my $ out of the market today. We'll see how far down this goes then I'll buy low
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02-06-2018, 09:25 PM	#127
wdb dances with roads 5078 Rep 4,130 Posts Drives: '07 E86, '02 996, '95 Seven Join Date: Jul 2015 Location: the perimeter iTrader: (4)	I will do what I did last time and buy into the rising market. Timers will say I was late but I look at it as being sure. Right now I'm just waiting.
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02-08-2018, 06:00 PM	#128
Captain Blood Banned 13874 Rep 14,519 Posts Drives: Audi S3....don't judge me Join Date: May 2017 Location: Alph Ceti VI iTrader: (0) Garage List 2016 Audi S3 [9.50] 2012 135 [6.83]	More bad news today. Market down 1000+ pts
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02-08-2018, 06:04 PM	#129
1MOREMOD - 11820 Rep 23,186 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	The sky is falling
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02-08-2018, 07:00 PM	#132
M_Six Free Thinker 19282 Rep 7,549 Posts Drives: 2016 MB GLC300 4matic Join Date: Jan 2009 Location: Foothills of Mt Level iTrader: (0)	Ouch, ouch, ouch, ouch, ouch. Must. Not. Look. __________________ Mark markj.pics "Life is uncertain, eat bacon now." -UncleWede
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