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Text Message I received today

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Boca Bobby

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my financial advisor has sent me multiple messages about the tanking stock market. He's asking me if I want to sell. Complete chaos. I'm not sure what to do? thoughts?
 
We've basically had a 2 year bull market, so there was bound to be some correction even without the craziness going on. Historically, the markets have always recovered so don't be too rash with your decisions. If you don't need the money now, I would keep it in and even keep investing. What you buy now will be discounted and can earn even more after recovery. I'm not a financial advisor though, so you do what you think is best for your situation. I do have money invested and will continue to do so. I'm about 15 years from retirement though, so I've got a long term view on it.
 
Also, trading options can be profitable (if you know what you're doing) during a downturn.

I'm having to roll some CSPs to later expirations or lower strikes, but should still be able to earn a little extra.
 
I am 61 and all of my money is my savings account, so I am not at risk.

The other things is the markets are being intentionally manipulated indirectly by heads of state right now and the tariff percentages may fluctuate a good bit one way or the other. No talk of recession before now, either. If I were a CEO right now, I would just leaving price points alone for now until the dust settles.

Invest for the long term and ignore the market fluctuations most of the time.

Invest in risky stock less as you get older since there is less time to recover and shift more of your money towards savings accounts.
 
markymark550 said:
We've basically had a 2 year bull market, so there was bound to be some correction even without the craziness going on. Historically, the markets have always recovered so don't be too rash with your decisions. If you don't need the money now, I would keep it in and even keep investing. What you buy now will be discounted and can earn even more after recovery. I'm not a financial advisor though, so you do what you think is best for your situation. I do have money invested and will continue to do so. I'm about 15 years from retirement though, so I've got a long term view on it.
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Looking at years of downturn now.

The one thing we needed to do was not shake up the market too much and yet here we go that’s out the window with these dumbass tariffs

JP Morgan says 60% chance of recession, but it’s more than that, it’s happening
 
We will see. No kneejerk reactions on my end. Other countries are already starting to reach out wanting to have talks. The first ones on China years ago were the end of the world to some, but after all the gnashing of teeth the next administration kept them in place. The noise will be loud, but I think eventually the markets will settle and the tariff thing will work itself out. Lots of people are finding some good buys right now. Nothing against our broker, but this seems like a more in depth conversation to be had than texting you asking if you want to sell. Kind of an odd way to conduct an important decision and I am not sure asking this board is going to give you better advice than your advisor, but now that I think about it you may.
 
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I haven't even checked my IRA since all this went down. Hoping things turn around. For better or worse. I am letting it ride. If I sell now I will for sure loose. Hope it doesn't keep tanking.

Trump is playing with fire here. I don't see a good outcome. But hope I'm wrong.
 
unreal. I feel like we live in crazy town

this morning there was a media report that trump was going to back off on the tariffs for 90 days or even repeal some of them. It stopped (briefly) the complete crash and burn of the economy. what a relief right?

instead of keeping his fat mouth shut to stop the bleeding though trump goes on twitter, calls that report FAKE NEWS, and announces even more tariffs.

and we are back to crashing and burning!
 
The only hope is for Congress to stand up for themselves. “We don’t let a king crash our economy”

Rand Paul and others introduce, and pass, some legislation to stop the madness.

Otherwise it’s going to be a terrible few years in this country. Economic crashes and recessions are never good
 
Longhaul said:
We will see. No kneejerk reactions on my end. Other countries are already starting to reach out wanting to have talks. The first ones on China years ago were the end of the world to some, but after all the gnashing of teeth the next administration kept them in place. The noise will be loud, but I think eventually the markets will settle and the tariff thing will work itself out. Lots of people are finding some good buys right now. Nothing against our broker, but this seems like a more in depth conversation to be had than texting you asking if you want to sell. Kind of an odd way to conduct an important decision and I am not sure asking this board is going to give you better advice than your advisor, but now that I think about it you may.
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Yeah, Trump has to start with a tariff percentage number somewhere.

I believe we will find tariff numbers that work for both us and most of our trading partners much sooner than people think.

He's trying to reduce our huge deficit and ease our income tax burden with tariffs at the same time. It will be brilliant if he can pull it off.

We are so used to high volume, low profit from goods produced in China that we have forgotten the valid business tactic of "the sale". Bought some stuff from China the other day at a sale discount. The tariff stuff is making people uncomfortable, but the markets will recover nicely sooner than most people think.

News is so jaundiced on either side of the political aisle these days, I just don't pay much attention to it anymore.
 
Boca Bobby said:
The only hope is for Congress to stand up for themselves. “We don’t let a king crash our economy”

Rand Paul and others introduce, and pass, some legislation to stop the madness.

Otherwise it’s going to be a terrible few years in this country. Economic crashes and recessions are never good
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Starting to look like this whole post was started because you want to bash on Trump. I thought that from that start and you just keep confirming It. Just can’t help yourself blinded by hate.
 
The only other comparable moment in modern history when a "president" crashed his own economy on purpose I can think of is about 10 years ago in India when Modi announced his demonetization effort

it is largely seen as one of the worst moves ever and put millions of people out of work
 
Longhaul said:
We will see. No kneejerk reactions on my end. Other countries are already starting to reach out wanting to have talks. The first ones on China years ago were the end of the world to some, but after all the gnashing of teeth the next administration kept them in place. The noise will be loud, but I think eventually the markets will settle and the tariff thing will work itself out. Lots of people are finding some good buys right now. Nothing against our broker, but this seems like a more in depth conversation to be had than texting you asking if you want to sell. Kind of an odd way to conduct an important decision and I am not sure asking this board is going to give you better advice than your advisor, but now that I think about it you may.
Click to expand...

my broker might not know anything, I'm just helping the young guy out in many respects

but Bill Ackman, founder of Pershing Square, he knows the market, obviously. This was his take today: "billionaire fund manager Bill Ackman, who backed Trump’s campaign for the presidency, has demanded the administration reconsider its plan. “We are heading for a self-induced, economic nuclear winter,” he wrote on X, formerly Twitter.
 
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