DJIA, NYSE, S&P = CRASH!!!

Lord Xar said:
Yeah - my company only offers Fidelity stocks for the 401k, BUT there are a few bond choices.
Click to expand...

Does your IRA offer one called SPAXX?I have an inherited Fidelity IRA from my Dad that offers it,and for various reasons was 89% in SPAXX,the remainder in 3 or 4 bond funds last Thursday and Friday.
The SPAXX part fell $0.00 and the whole thing lost way less than 1/10 of 1% over that period.
 
Dow futures -428. Short of furious PPT funny business or a new QE announcement, Monday looks like a bloodbath, maybe a circuit breaker day. I hope you folks are mostly out of the stock markets other than VIX and shorts. It's gonna be a looooong September. The paper wealth game is dying, by design, right in front of you and a reset is the goal. Act accordingly.
 
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Zippyjuan said:
If you have indeed quit your job and put "all your savings" into those two stocks, you have no money left to invest in other ones. Day trading is a hard way to make a living- many try but few are actually very successful at it. Buy and hold is better because the more you trade, the more you lower your returns (each trade costs money- not just in transactions costs but in short term capital gains taxes as well).

You also need diversity- not just one or two stocks- to spread risk. I like index funds for their diversity and very low costs. There are many different funds tracking many different indexes. And since they aren't chasing returns by trading for what they think will be hot in the next quarter but just matching the stocks in the index, they aren't trading shares within the fund and that keeps costs lower which means more money for you.

For individual stocks, check into what a DRIP is- (Dividend Re_Investment Plans). It is the lowest cost way to own individual stocks (each have their own rules on things like minimum purchases and investment requirements). Basically you buy a dividend paying stock and they take the dividend payout and instead of sending you a taxable check, they roll the money over into more shares of the stock (usually at zero transaction fee). I added $5,000 to my account recently and was charged $0.18 (yes, eighteen cents) transaction costs. Buying shares at say ETrade may cost $7 a pop.
Click to expand...

Well I still have about $17,000 left (out of original $40,000) to invest but not sure where to put it. I'd like to at least turn it into $70,000 by early next year.

I signed up with Scottrade but if etrade is better I could try them.
 
well, I just checked my 401k -- looks to be down ~7k , well that is great.... I have NEVER gained ~7k within a few days..... but ~7k poof, gone..hmmm. not really liking that.

I think Presence might be right on this......

Here is what I have for bond and blended options... any of them look decent to move my stock investments/401k into..
Name/Inception Date Asset Class Category 1 Year 3 Year 5 Year 10 Year/LOF*

FID FREEDOM K 2010 (FFKCX) 07/02/2009 Blended Fund Investments* N/A 4.57% 7.52% 7.70% 9.45% 07/31/2015
FID FREEDOM K 2020 (FFKDX) 07/02/2009 Blended Fund Investments* N/A 5.58% 8.78% 8.75% 10.77% 07/31/2015
FID FREEDOM K 2030 (FFKEX) 07/02/2009 Blended Fund Investments* N/A 7.11% 11.16% 10.31% 12.34% 07/31/2015
FID FREEDOM K 2040 (FFKFX) 07/02/2009 Blended Fund Investments* N/A 7.50% 12.43% 11.05% 13.04% 07/31/2015
FID FREEDOM K 2050 (FFKHX) 07/02/2009 Blended Fund Investments* N/A 7.55% 12.82% 11.30% 13.28% 07/31/2015
FID FREEDOM K INCOME (FFKAX) 07/02/2009 Blended Fund Investments* N/A 2.75% 4.05% 4.59% 5.97% 07/31/2015
FID PURITAN (FPURX) 04/16/1947 Blended Fund Investments* N/A 9.64% 12.95% 12.05% 7.33% 07/31/2015
NYL GUAR INT ACCOUNT 01/03/2011 Bond Investments Stable Value N/A N/A N/A N/A
FA STRAT INCOME A (FSTAX) 10/31/1994 Bond Investments Income -0.09% 2.99% 4.69% 5.96% 07/31/2015
PRU TOTAL RTN BD Q (PTRQX) 01/10/1995 Bond Investments Income 3.24% 3.46% 5.37% 5.97% 07/31/2015
TMPL GLOBAL BOND A (TPINX) 09/18/1986 Bond Investments Income -2.59% 3.05% 4.10% 7.65% 07/31/2015



Looking those over, these ones didn't take a big hit in 2008, nigh a bump.
PTRQX [Prudential Total Return Bond Fund Class Q](( took a small hit in 2008 ))
TPINX [Templeton Global Bond Fund Class A](( took a medium hit in 2008 ))

looks like all the other bond investments were created in 2009.
 
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102936511-RTX1OUSL.530x298.jpg


US stocks plummet at open;
Dow drops 1000 points
MarketWatch‎ - 22 mins ago

 
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Fucking hate this. Decided to go full bear. Sold a european stock before the european open. The stock opened at it lowest all day. Bought spxu at the same time (futures were only down 2% at that time) got it at the fucking open at 46,41. FFFFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUUU
 
fatjohn said:
Fucking hate this. Decided to go full bear. Sold a european stock before the european open. The stock opened at it lowest all day. Bought spxu at the same time (futures were only down 2% at that time) got it at the fucking open at 46,41. FFFFFFFFFFFFFFFUUUUUUUUUUUUUUUUUUUUUUU
Click to expand...

got mine at $32.93 :P

I'm expecting this to be 15-20% correction. Got the gut feeling about 2 weeks ago. I'm also expecting QE4 by EOY, err 5, what number we at again? Does Op Twist count?
 
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