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Forum
-> Household Management
-> Finances
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amother
OP
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 Mon, Aug 05 2024, 10:14 am
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What is going on!!! Everything just fell to the floor. Anyone else concerned? Or is this short term
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amother
Fern
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Mon, Aug 05 2024, 10:14 am
It's part of the shakeup that is happening in this world these days.
Not concerned, if you hold onto Hashem.
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amother
Forsythia
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Mon, Aug 05 2024, 10:18 am
Your stock investments should be long term investments that you expect to go up and down. If a drop is making you nervous and considering pulling your money out, you should not have that money in the stock market.
And what do you mean to the floor? The S&P is down less than 7% for the month, and up more than 5 percent from 6 months ago.
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amother
Aster
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Mon, Aug 05 2024, 10:32 am
| amother Forsythia wrote: | Your stock investments should be long term investments that you expect to go up and down. If a drop is making you nervous and considering pulling your money out, you should not have that money in the stock market.
And what do you mean to the floor? The S&P is down less than 7% for the month, and up more than 5 percent from 6 months ago. |
The fear index (VIX) is at levels seen during covid and the terrible financial crisis in 2008 when banks like Lehman collapsed.
I would never recommend to anyone to take their money out of the market. Historically that has been terrible advice.
But there are a few factors going on that make you wonder if this time is indeed different.
We have had an economy and stock market that has been propelled and reliant on low (near zero) rates for almost 20 years. We probably can't go back there. The question is how will the economy perform with normalized rates? Probably not so good.
The market is also hoping a certain candidate wins. I'm not going to say who because we aren't in politics. But it won't be happy if it goes the other way.
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amother
Chartreuse
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Mon, Aug 05 2024, 10:36 am
I buy monthly for my kids savings so o look at it that I’m buying low for now.
Otherwise my investments I look at as tor long term.
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