Anler Posted February 27, 2020 Share Posted February 27, 2020 How many people are trying to dump their 401k's today. @DriftBusta, how many phone calls have you taken so far? Serious question... Quote Link to comment Share on other sites More sharing options...
J. Jackson Posted February 28, 2020 Share Posted February 28, 2020 I'm still up 2.4% for Feb. Quote Link to comment Share on other sites More sharing options...
Woodtick Posted February 28, 2020 Share Posted February 28, 2020 3 hours ago, Anler said: How many people are trying to dump their 401k's today. @DriftBusta, how many phone calls have you taken so far? Serious question... He hasn’t been around for a few days. Probably comes home from work and hits the box wine ,trying to forget all of the crazy phone calls from the day. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted February 28, 2020 Share Posted February 28, 2020 3 hours ago, Anler said: How many people are trying to dump their 401k's today. @DriftBusta, how many phone calls have you taken so far? Serious question... 1 guy, who just rolled his money in late December. He was back to even money, after being up almost 20 grand at one point. I had a couple others we've had discussions with, no one ready to jump out of any windows. We document risk tolerance and talk about volatility, long term strategy, etc., and most people get that and unless you are on a glide path to retirement, we generally don't change strategy midstream. Don't have the #s in front of me after today, but as of this morning the markets were still roughly 10% higher than they were a year ago, according to the webinar I was on. And too many positive metrics in the economy remain, so this talk of correction and impending recession is not what I'm hearing and just speculation. There is however a lot of panic and programmed selling going on right now from this virus bullshit, which is clobbering prices. Serious answer. Not that there is very much serious talk about the markets in here. 2 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted February 28, 2020 Share Posted February 28, 2020 Keep, keep Keep, keep, keep it calm Keep, keep calm Keep, keep it, keep it calm Keep, keep calm Keep, keep, keep calm Fuck, here we go again Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted February 28, 2020 Share Posted February 28, 2020 2 minutes ago, spin_dry said: Keep, keep Keep, keep, keep it calm Keep, keep calm Keep, keep it, keep it calm Keep, keep calm Keep, keep, keep calm Fuck, here we go again Are you having a stroke? 2 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted February 28, 2020 Share Posted February 28, 2020 1 minute ago, DriftBusta said: Are you having a stroke? No. My money is secure. Just thinking of the largest one day drop in the market’s history, Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted February 28, 2020 Share Posted February 28, 2020 2 minutes ago, spin_dry said: No. My money is secure. Just thinking of the largest one day drop in the market’s history, good deals out there Quote Link to comment Share on other sites More sharing options...
Anler Posted February 28, 2020 Author Share Posted February 28, 2020 1 minute ago, Ez ryder said: good deals out there Go buy them up! Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted February 28, 2020 Gold Member Share Posted February 28, 2020 Going to ride it to the bottom. As I have at least 17 years before I can drain the 401 without penalty. Don’t really need the 401 for retirement though Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted February 28, 2020 Share Posted February 28, 2020 31 minutes ago, Anler said: Go buy them up! I spent a few bucks today . Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted February 28, 2020 Share Posted February 28, 2020 1 hour ago, spin_dry said: No. My money is secure. Just thinking of the largest one day drop in the market’s history, Its pretty clear that you're just giddy about it too. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 28, 2020 Share Posted February 28, 2020 1 hour ago, spin_dry said: No. My money is secure. Just thinking of the largest one day drop in the market’s history, If you are worried about it, you are in the wrong holdings. Holy fuck, how old are you? 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted February 28, 2020 Share Posted February 28, 2020 4 minutes ago, DriftBusta said: Its pretty clear that you're just giddy about it too. He wants people to be as miserable as he is 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 28, 2020 Share Posted February 28, 2020 30 minutes ago, DriftBusta said: Its pretty clear that you're just giddy about it too. Misery loves company. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 28, 2020 Share Posted February 28, 2020 6 hours ago, Anler said: How many people are trying to dump their 401k's today. @DriftBusta, how many phone calls have you taken so far? Serious question... The smart money is diversified and plans are long term. This will pass too and the ones buying soon will be better down the road. Loser talk. 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted February 28, 2020 Share Posted February 28, 2020 15 minutes ago, ArcticCrusher said: The smart money is diversified and plans are long term. This will pass too and the ones buying soon will be better down the road. Loser talk. Yup. Big time loser talk Quote Link to comment Share on other sites More sharing options...
Rod Posted February 28, 2020 Share Posted February 28, 2020 @revkevsdi is like the smart money is in polystyrene! Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted February 28, 2020 Share Posted February 28, 2020 1 hour ago, ArcticCrusher said: If you are worried about it, you are in the wrong holdings. Holy fuck, how old are you? He is already retired and the 180 bucks he saved during his entire lifetime is safe in a coffee can. His 1000 per month shitty pension and SSI will get him through with ample money left over for but plugs and yoga pants. Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted February 28, 2020 Share Posted February 28, 2020 4 hours ago, DriftBusta said: 1 guy, who just rolled his money in late December. He was back to even money, after being up almost 20 grand at one point. I had a couple others we've had discussions with, no one ready to jump out of any windows. We document risk tolerance and talk about volatility, long term strategy, etc., and most people get that and unless you are on a glide path to retirement, we generally don't change strategy midstream. Don't have the #s in front of me after today, but as of this morning the markets were still roughly 10% higher than they were a year ago, according to the webinar I was on. And too many positive metrics in the economy remain, so this talk of correction and impending recession is not what I'm hearing and just speculation. There is however a lot of panic and programmed selling going on right now from this virus bullshit, which is clobbering prices. Serious answer. Not that there is very much serious talk about the markets in here. There are factors besides the virus, I took some profits today. My guy at Merrill says stay, of course that's what all you guys say Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 28, 2020 Share Posted February 28, 2020 2 minutes ago, Mileage Psycho said: There are factors besides the virus, I took some profits today. My guy at Merrill says stay, of course that's what all you guys say Your guy doesn't know shit about what could be coming, but that's just common sense. Quote Link to comment Share on other sites More sharing options...
Rod Posted February 28, 2020 Share Posted February 28, 2020 18 minutes ago, Mileage Psycho said: There are factors besides the virus, I took some profits today. My guy at Merrill says stay, of course that's what all you guys say Yes a huge factor is Bernie Quote Link to comment Share on other sites More sharing options...
f7ben Posted February 28, 2020 Share Posted February 28, 2020 5 minutes ago, ACE said: Yes a huge factor is Bernie Quote Link to comment Share on other sites More sharing options...
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