[Kara]

Do we pull out of the S&P 500 all together until it stabilizes or ride it out and invest more when it stops plummeting?

This hurts my FIRE, but I’m hopeful. Asking for a friend.

thanks everyone!

[Troy]

Everyone always says just hold strong and ride the wave. I’m on the other side and I say take profits when its at all time highs, not during the dip.

The dip is time to buy more.

If you want a good hedge against the market, gold and silver are going nuts and they will continue.

Find any decent producing mining company (lots of info online) and place a few bets, you will have no regrets!

[Bill]

It’s not even down that much yet. I was in the s&p in 2008 and survived that. Don’t worry about it.

[Cynthia]

Stay ans ride it out. Continue to pump money in. You’re buying cheaper shares.

Then when it rebounds, you have a ton more share.

[Scott]

We never sell the SP500.
Keep adding all the way down to the confirmed bottom… Then ride that face melting bull run.

[Michael]

The stock market is the only store people run out of when there is a sale.

It’s going lower imo but just keep buying. DCA the s&p, set and forget.

[Darren]

My favorite strategy is buy the same index every month no matter what on auto and don’t sell anything for at least another 10 years.

[Brian]

Your fire should be designed to withstand a 50% drawdown and 5 yr recovery..

otherwise ot isn’t yet time to fire.

[Shannon]

When the market drops like it has, it is a sale, so buy more at a discounted price.

When it goes back up again you will be laughing.

Your future self will thank you.

[Tracy]

Depends on how old you are and when u need the money. I’d say keep DCA investing.

If you can ride it out for a few years, these drops will save u money.

[Sarah]

Just keep investing. You cannot time the market. Warren Buffet can but you are not Warren Buffet.

[Rob]

If you pull out now you pick in losses. You’ve already rode it down 10%+, no need to jump out now.

If you’re in the position to add more – do it!

[Joanne]

Stay the course! Keep dollar cost averaging based on your investment thesis that you made before you invested your money.

[Guy]

You will never identify the bottom and most likely you will buy higher then what you sell it for. See through the smoke and you will see companies are investing.

The growth will be substantial but we must go through some birth pain to get there.

[Brad]

Text books say stay. I increased my cash allocation. From 5%, to 25% of my portfolio. I’m not too optimistic this year.

We’re overdue for a pullback.

Good luck!

[Andy]

Whatever your gut is telling you to do, do the opposite. Why didn’t you ask yourself that question in December?

Because your gut wasn’t telling you to, so that’s when you should have jumped out if you would consider dumping the S&P…

[Ln]

Ride it out. The entire S&P’s gains in a year are usually made in just a few days.

If you miss just one of those days waiting on the sides, you can lose out on the recovery.

[John]

Well, the problem with pulling out is; how do you know it’s not already near the bottom? Then, by the time you realize you sold at the bottom, you lose a ton of money buying stocks back at higher prices.

IF you want to try to use market-timing in your strategy, the better times to sell and take your winnings are when the market is riding highs during irrational exuberance, like right after an election where a bunch of people THINK an otherwise-reckless administration is going to be good for the economy (because they say ‘oh, he won’t really be that bad, you have TDS, etc), before they later realize the massive mistake they made.

[James]

Seek greater diversification, plenty of vehicles out there that are non-correlated to the equity market with a low beta for someone seeking financial independence…

[Robert]

Dudette, my entire 401k has been in the S&P 500 since 1993 to this very day. Meaning, through the Dot-com bust, 9/11, the Great Recession, etc, etc, etc.

And when all that stuff happened, my fat butt stayed entirely in the S&P 500.

[Author]

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