Off-Topic: Now's a good time to walk your horse
(Lake Martin Specific)
111,140 messages
Updated 4/24/2024 4:28:20 AM
Lakes Online Forum
83,600 messages
Updated 4/24/2024 10:58:24 AM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Lake Martin Specific)
4,169 messages
Updated 4/16/2024 3:16:57 AM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
(Lake Martin Specific)
169 messages
Updated 5/31/2023 1:39:35 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
MAJ USA RET
-
|
Subject:
|
Now's a good time to walk your horse
|
Date:
|
12/26/2018 5:38:39 PM
|
|
Umph! Up 1000 points in one day. THAT’s not permanent. It just puts off the inevitable.
What really makes me grimace, is the way the media attributes a rise or fall to some single event or government action. For example (fictional): “Today stocks took a downward dive over President Trumps announcement that we are withdrawing from Islamistan. Investors are shuttling their money towards bonds and currencies.” Yep! I got that. What an absolutely worthless proclamation. There is NO useable information in a statement like that.
The stock market NEEDS a correction. Am I happy my portfolio is up very nicely… of course. Am I confident that I am going to be a big winner again next year… not so much.
PS: for those of you over 70, your RMDs may be just a little too ripe next year. Stick to your rules when deciding on discretionary distribution taking.
|
|