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Stock market is killing me! Erased growth from the past 2 years.

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Stock market is killing me! Erased growth from the past 2 years.

Old 12-21-2018, 04:25 PM
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Default Stock market is killing me! Erased growth from the past 2 years.

Wow I have been hearing about the stock market going down and down so I have avoided looking at my accounts until today. I have been in the stock market for 30+ years and I have never lost so much money! I had a company that went totally out of business and I lost over $200K but I would be happy with just a $200K loss. I had heard the DOW losses were big but I didn't think they would be THIS big. I have not only lost my growth from all of 2018 but also all of 2017. I have 4 different retirement accounts and 2 of them have a conservative stock portfolio but I have even lost all of the growth in this account from the past 2 years.

I can only hope that this will turn around and I will get back everything I've lost. If this does happen I am going to move a large part of my money into cash and bonds and just try to protect my retirement money. How bad has this stock market drop effected anyone else?
Old 12-21-2018, 04:30 PM
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On the plus side, the MRD from my retirement accounts will be smaller this year than last. Other than that, meh.
Old 12-21-2018, 04:32 PM
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No Santa rally today. Another beat down.
Old 12-21-2018, 04:35 PM
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I can tell you my accounts are pretty modestly sized and I have lost just over $35k.

Sucks a$$, but "you haven't lost unless you sell" or whatever. Plus I'm 32 so it's really just an annoyance that our net worth took a hit. It'll turn around.

Tell you what though...long term, for me investing in real estate for CASH FLOW is my gsme plan.
Old 12-21-2018, 04:42 PM
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I havent checked in 6 or 8 weeks. I only look at mine every three months are so. If your checking it every day or every 5 minutes like some people? Your driving your self crazy and shouldn't be in it.
Old 12-21-2018, 04:44 PM
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Only on paper Russ.

Woulda, coulda, shoulda.

You never sold, you never had, you wont lose unless you sell.

I am the admittedly most likely the worst investor on here. No rhyme or reason. Half my picks are because of folks here and the other half are because I think the ticker symbols are crafty.

I'm buying. I realize I am most likely not going to time the bottom, but everything I've read leads me to believe that I'll still come out ahead down the road after all is said and done. If not, there is always the greeter position at Walmarts.
Old 12-21-2018, 04:54 PM
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I too have less money (on paper) than I had a while ago but I'm starting to buy some of the stuff that's om sale now.
Old 12-21-2018, 04:58 PM
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Buy more. Now.
Old 12-21-2018, 05:02 PM
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Great buying opportunity! Love it.
Old 12-21-2018, 05:06 PM
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I just checked. Down 8.43% YTD. Seeing as I have 25 years before I start accessing it I guess I don't mind. I see it as my weekly contribution and employer match are buying more.
Old 12-21-2018, 05:08 PM
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Yep. Firesale. Buy what index funds you can and hold it.
Old 12-21-2018, 05:23 PM
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Technically, the Breakline from the from first high in 2018 rested at 22563 on Thursday and it will be at 22560 for Friday. The low came in at 22644 so we are still within the broad channel on the Daily Level. The Breakline Channel from the October High rests at 2226681 for Friday. Therefore, the market has still not breached a critical technical support level. The market closed below 22963 which was a momentum number good only for Thursday.

The market can still make a lower low on Friday, but these two technical levels may provide the support. The main Monthly Bearish we were looking to be tested by January was 21600, which remains as the target.

Even a closing on Friday below 23344 will warn that we should see lower prices ahead. We need a closing above 24623 to indicate the low is in place, which we DO NOT expect at this time.







QThe main support remains at the 21600 area. followed by 21495. Taking out this area on a year-end closing will point to a drop to 19135 zone. The prospect for a low does not come into play until January/February. DO NOT attempt any long position in the share markets at this time. Be patient and sit on your hands.


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Last edited by nat; 12-21-2018 at 05:30 PM.
Old 12-21-2018, 05:25 PM
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Originally Posted by Locke N Load View Post
I just checked. Down 8.43% YTD. Seeing as I have 25 years before I start accessing it I guess I don't mind. I see it as my weekly contribution and employer match are buying more.
Only way to look at it!
Old 12-21-2018, 05:28 PM
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The stock market isn't killing you. You are killing you. The stock market is doing what it does and you are doing what you do.
Old 12-21-2018, 05:28 PM
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Originally Posted by NCSUboater View Post
Only way to look at it!
Actually, if 25 years represents reaching the age of 65, some of that money might still be looking at another 50 years of investment returns.
Old 12-21-2018, 05:35 PM
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I'm not gonna say I told ya, but . . .

recession/bear market/slowdown inevitable?

post #7

gold is up a little over 3% in the last month
Old 12-21-2018, 05:40 PM
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Originally Posted by KJS View Post
The stock market isn't killing you. You are killing you. The stock market is doing what it does and you are doing what you do.
For as dumb as I am, this makes perfect sense!
Long term and dollar cost averaging, I'm sticking to it!
BWP
Old 12-21-2018, 05:49 PM
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Originally Posted by RussH View Post
Wow I have been hearing about the stock market going down and down so I have avoided looking at my accounts until today. I have been in the stock market for 30+ years and I have never lost so much money! I had a company that went totally out of business and I lost over $200K but I would be happy with just a $200K loss. I had heard the DOW losses were big but I didn't think they would be THIS big. I have not only lost my growth from all of 2018 but also all of 2017. I have 4 different retirement accounts and 2 of them have a conservative stock portfolio but I have even lost all of the growth in this account from the past 2 years.

I can only hope that this will turn around and I will get back everything I've lost. If this does happen I am going to move a large part of my money into cash and bonds and just try to protect my retirement money. How bad has this stock market drop effected anyone else?
Be sure to sell everything and walk away now
Old 12-21-2018, 06:04 PM
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How did you have $200K invested in one company? If I had that amount of money sitting in one company, I would have been watching them every single day and reading every report anyone ever put out on them. The evidence they were about to fail had to be out there. Sorry for your loss.
Old 12-21-2018, 06:32 PM
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High markets don’t do squat for me except cost more to buy. I’ve got 20+ years to go, I want it low till the end.

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