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Financial advisors - Corona Virus

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    #1

    Financial advisors - Corona Virus

    I'm not asking what you are telling your customers to do as I know most financial companies have a hold forever, never try to time market policy...

    I'd like to know who is selling or trimming back on stocks in case this corona virus keeps spreading and causes a market sell off.


    U.S. markets are within 1% of an all time high. And are up a ton in the last 10 years and 60-70% in just the last 3 years.

    What is the max up side to markets over the next 3-6 weeks from here? 5%?
    What is the max downside?

    I'm obviously debating selling stock LOL... Figure it may help me sleep good the next 2-4 weeks until this blows over...or tanks the market and I buy back.

    Hope I didn't just screw the markets over tomorrow They'll probably be down big since if I sell it will be closing prices I get (mutual funds)...
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    #2
    I’d sell everything if I were you.

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      #3
      I have a crystal ball that tells me each day what the market is going to do going forward. It's really awesome. I can't tell you what it says though. It's a secret.


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        #4
        What did the markets do during the SARS epidemic?

        My prediction is the market will go down, than back up, than down again, than back up and continue this cycle over and over and over.

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          #5
          There always seems to be something threatening a big down turn. If I got out every time this happens I would never be in. If you are not going to need the money for 10-20 years it is easier to just stay in. Even if it turns down just ride it out. If it does turn way down I am going to take what cash I have and buy, it will come back. The other problem with getting out is buying back in early enough to not miss the comeback.

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            #6
            Originally posted by Shane View Post
            I have a crystal ball that tells me each day what the market is going to do going forward. It's really awesome. I can't tell you what it says though. It's a secret.



            So you take zero risk/reward approach to the markets at all? Just dump the money in and let it ride forever no matter how high or fast they climb? No matter what the future looks like? There's never a time to reduce or go in heavier?

            Originally posted by Charles View Post
            What did the markets do during the SARS epidemic?

            My prediction is the market will go down, than back up, than down again, than back up and continue this cycle over and over and over.
            I don't recall. Did it move down at all?


            BTW - Was my question that bad? Does no one see the difference between "timing the markets" being selling/buying 3-5 dips/tops per year and seeing a once in a 10 or 20 year event that may (yes just may) cause a big dip and wanting to protect and avoid it?

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              #7
              Financial advisors - Corona Virus

              Ain’t nobody know nothin. Including you. And me. And whoever responds to this thread[emoji51]

              Keep pumping money in each month and DCA. Don’t time the market. Timing implies getting out AND getting back in. If you realize that your asset allocation is too high on stocks, sell some for bonds and enjoy less volatility. Timing the market is a losers game in the long run. Nothing wrong with locking in gains but doing with the hope of buying back in when the market drops is foolish imo.


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              Last edited by whitetailtrail; 02-09-2020, 04:39 PM.

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                #8
                I sold off about 8% of my stocks about 2 weeks ago right around where the market is now. I just wanted to pull some profits off the table. I dont think much about this Corona virus but markets are squirrely and emotionally driven at times. So far this has about a 2% mortality rate worldwide with the flu having a much higher rate.

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                  #9
                  Originally posted by RiverRat1 View Post


                  So you take zero risk/reward approach to the markets at all? Just dump the money in and let it ride forever no matter how high or fast they climb? No matter what the future looks like? There's never a time to reduce or go in heavier?







                  I don't recall. Did it move down at all?





                  BTW - Was my question that bad? Does no one see the difference between "timing the markets" being selling/buying 3-5 dips/tops per year and seeing a once in a 10 or 20 year event that may (yes just may) cause a big dip and wanting to protect and avoid it?


                  The idea is to let it ride forever, right? If we didn’t think the market would go up indefinitely, with intermittent dips, we wouldn’t invest in it. Buy when it’s high, buy when it’s low but just buy the dang thing. People got out into cash in 2017 after a strong bull run post recession and have missed out on tons of gains as the market has been “overvalued” for years.



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                    #10
                    The market has been a beautiful and glorious experience for me these past ~30 years: however, I'm now pushing 60 so I cashed out everything last week. I'm going to protect myself financially from Corona; because, there's not enough time for me to make it up if the market craters (i.e.think 2008). In the past, when the market would go down like it did in 2008, many people sell. I never did, I always poured more discretionary funds into stocks / funds. If you're younger, leave it where it's at - you'll have time to recover.

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                      #11
                      Originally posted by richbaum View Post
                      The market has been a beautiful and glorious experience for me these past ~30 years: however, I'm now pushing 60 so I cashed out everything last week. I'm going to protect myself financially from Corona; because, there's not enough time for me to make it up if the market craters (i.e.think 2008). In the past, when the market would go down like it did in 2008, many people sell. I never did, I always poured more discretionary funds into stocks / funds. If you're younger, leave it where it's at - you'll have time to recover.
                      this is what I am thinking as well. I am in the same boat age wise.

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                        #12
                        Originally posted by RiverRat1 View Post

                        So you take zero risk/reward approach to the markets at all? Just dump the money in and let it ride forever no matter how high or fast they climb? No matter what the future looks like? There's never a time to reduce or go in heavier?
                        There are lots of ways to manage risk besides trying to successfully guess when to jump out and when to jump back in. There are risks involved in trying to time the market and/or in sitting in cash too. Everything has some kind of risk. You just have to decide what type of risks you are comfortable with and what type of mitigation strategies you want to use, taking into consideration what your long term objectives are and what types of returns you need to achieve them.

                        It would be awesome if we could never experience any downs while participating in all of the ups. I don't know anyone who has figured out how to do that though. I sure wish I knew the guy who has it figured out.

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                          #13
                          Corona obviously scary for the markets right now. Any positive news out there recently? President officially acquitted and the strongest state of the union I’ve ever watched. Trump heavy favorite to win election, and big business loves Trump...


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                            #14
                            The flu kills more people then this virus, turn off the market shows and keep plugging away.

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                              #15
                              Originally posted by bbqfan5909 View Post
                              The flu kills more people then this virus, turn off the market shows and keep plugging away.
                              I think the hesitation is the market is that nobody believes China’s numbers and they are afraid the death rate is far higher

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