[IndyRed128i]

Obviously this is just an opinion on everyones part at this point, but I can say I'm down 30% for the year. I'm 31, so haven't seen that big a dip before, minus the brief downturn in 2020.

Do you guys think we are close to the bottom, or do you think we will see things go a lot lower?

[kfollowwill]

My opinion is we are near but maybe not at the bottom. Again opinion, but I see 2022 ending in the red but not down 22%. I think we will end the year down 10 to 15%. I think the historic run that we have had the past 15 years is going to correct. We are going to see slightly less voilital years of growth and decline.
You being young and the market doing what it is doing is actually a good thing. Volatility is good for accounts that you are contributing to. Volatility is not good for accounts, if retired, that you are taking out of.
I did not see crypto taking the hit it is taking right now. I bought in at what I thought was the low a month ago and was wrong.
The absolute worst thing you can do is sell out of the position you have right now and lock in that 30% loss. Just hold out and try not to dwell on it. Im in your age bracket and experiencing the same amount of losses. It sucks but lets ride it out!

[UncleWede]

Originally Posted by IndyRed128i

Obviously this is just an opinion on everyones part at this point, but I can say I'm down 30% for the year. I'm 31, so haven't seen that big a dip before, minus the brief downturn in 2020.

Do you guys think we are close to the bottom, or do you think we will see things go a lot lower?

Quit worrying, you'll go grey.

You have time on your side, and apparently are already profiting from the early years of investment. As long as you are contributing on a regular basis, this little valley will just get you extra shares that will continue to grow over the next 30-40-50 years.

[Manny01]

Timing the market is impossible. Don’t try. Don’t listen to pundits on TV that claim they know the bottom. Don’t listen to the investment firms and their advisors. Don’t listen to any person on this website. It’s impossible.

You’re 31 years old and have another 30 years of investing ahead of you. This will past, just like every other market correction in the last 100 years. Stay the course, pour yourself a couple fingers of good scotch, and ignore the markets.

[kfollowwill]

Originally Posted by Manny01

Timing the market is impossible. Don’t try. Don’t listen to pundits on TV that claim they know the bottom. Don’t listen to the investment firms and their advisors. Don’t listen to any person on this website. It’s impossible.

You’re 31 years old and have another 30 years of investing ahead of you. This will past, just like every other market correction in the last 100 years. Stay the course, pour yourself a couple fingers of good scotch, and ignore the markets.

"Don't listen to anyone's advice but here is mine"

I know you mean well but a financial advisor (a good one) will give solid advice of holding steady and keep contributing. No one can time the market without luck. Time in the market at a young age is where you make your money. A good tip also is treating your investments like a bar of soap. The more you touch it (sell/buy/change) the quicker it disappears. Have a strategy and stick with it.

[overcoil]

Originally Posted by IndyRed128i

Obviously this is just an opinion on everyones part at this point, but I can say I'm down 30% for the year. I'm 31, so haven't seen that big a dip before, minus the brief downturn in 2020.

Do you guys think we are close to the bottom, or do you think we will see things go a lot lower?

I don’t know exactly which vehicles are down but down 30% is troubling
Really two or three decades to recoup your losses ?

Now if you have a decent yearly income and your stocks are down 30% (not self funded or employer matching retirement ) then it would be interesting to know if you have a broker/money manager or your self investing. I don’t think a decently managed portfolio should be down 30% at this time from a year ago

[M-technik-3]

Hoping to capitalize on the down market. I moved money around about 7 months ago and I am glad I did.

[Tyga11]

I'm down 36% and I believe we have hit the bottom yesterday. Many people feel this way including Cathie Wood. Nasdaq always hits the bottom before the DOW so we're in good shape the rest of the year IMO

[Tyga11]

Originally Posted by Caravaggio

I don’t know exactly which vehicles are down but down 30% is troubling
Really two or three decades to recoup your losses ?

Now if you have a decent yearly income and your stocks are down 30% (not self funded or employer matching retirement ) then it would be interesting to know if you have a broker/money manager or your self investing. I don’t think a decently managed portfolio should be down 30% at this time from a year ago

How is it 'troubling?' He's probably in a lot of tech and was up way more than you the past 2 years. Some of us are more risk tolerant and not everyone believes in index funds

[///MPhatic]

"Time IN the market, not timing the market."

[BRAKE!]

I would say, there is a decent chance of it further declining. Especially with the market sentiment we have now with this ever increasing inflation that keeps redefining how “bad” things are (plus the real risk of recession or stagflation). We’re now in an economy that too hot and contractionary policies being enacted by the fed… doesn’t make for a very appealing equities market.

However, if you consider yourself a long term investor (and not a market speculator), then, like many have said above, this is not a tragedy. Time in the market and asset allocation will prevail

[TheWatchGuy]

im down 21% ytd, but up 5% overall the last 2 years and up 15% over the life of my current 401k (~4 years). This is all for 401k so not looking at personal investment accounts that ive made some bad calls on. But those accounts are much more risky and are used more for play money than retirement money.

best advice i got on a 401k was to only log in once a years, set your contributions for the year, then dont look at it again till the next year. you'll go crazy trying to mess with it. i figure, even with the occasional down year year, if i can average 10% a year, over the next 30 years before i retire, i should be solid.

and fwiw, 2020, 1/1/20 - 6/17/20 i was down 5% and ended the year up 21% in my 401k

[Tyga11]

Originally Posted by TheWatchGuy

im down 21% ytd, but up 5% overall the last 2 years and up 15% over the life of my current 401k (~4 years). This is all for 401k so not looking at personal investment accounts that ive made some bad calls on. But those accounts are much more risky and are used more for play money than retirement money.

best advice i got on a 401k was to only log in once a years, set your contributions for the year, then dont look at it again till the next year. you'll go crazy trying to mess with it. i figure, even with the occasional down year year, if i can average 10% a year, over the next 30 years before i retire, i should be solid.

and fwiw, 2020, 1/1/20 - 6/17/20 i was down 5% and ended the year up 21% in my 401k

Yep I never login to my 401k. Set it and forget it

[Humdizzle]

just stop looking at it. you will only stress yourself out. everything will bounce back eventually and you have time on your side. the odds that we dont see a new ATH in the next few years is slim to none. money never disappears, it just shifts (stocks, bonds, houses, cars, savings acct). the news has people think billions of dollars just vaporize when in reality it is just moved somewhere else. when the market starts doing well that money will move back in to stocks.

[chassis]

Agree with the above, and money is always created. It must. More people = more goods and services = more profits.

[coonz]

Originally Posted by IndyRed128i

Obviously this is just an opinion on everyones part at this point, but I can say I'm down 30% for the year. I'm 31, so haven't seen that big a dip before, minus the brief downturn in 2020.

Do you guys think we are close to the bottom, or do you think we will see things go a lot lower?

Not even Warren Buffet can call the bottom of the market. The best you can hope for is to buy on the way down. Cyclical stocks are popular now. The last thing you want to do now is sell.

[coonz]

Originally Posted by ///MPhatic

"Time IN the market, not timing the market."

This man knows.

[e90335e36m3]

For me l, I hope it goes down some more, my corporate and separate private "professionally" managed accounts that I won't touch for 20-25 years, I have another chunk, sitting in cash waiting for investment in my Schwab account. I pulled it all out in March. I'm thinking of getting in and dollar cost averaging down, but something in the back of my mind just says too much volatility right now. So I'm waiting for a few more months I think.

[Tyga11]

Originally Posted by e90335e36m3

For me l, I hope it goes down some more, my corporate and separate private "professionally" managed accounts that I won't touch for 20-25 years, I have another chunk, sitting in cash waiting for investment in my Schwab account. I pulled it all out in March. I'm thinking of getting in and dollar cost averaging down, but something in the back of my mind just says too much volatility right now. So I'm waiting for a few more months I think.

If you wait you will likely miss on some huge days and will cost you run long. Food for thought

[eliphil]

A good indicator is the P/E of the s and P. I believe 16-17 is fairly priced and right now its around 19-20 so when the PE hits around 12-15 its time to buy although this is not a perfect indicator or a guarantee as no one can time the market perfectly

[Chick Webb]

Market's already discounted the interest rate increases; you can see that in the bond market, where rates for everything are now over 3%, even though the funds rate is at 1.75%. What is not clear yet is whether or not (or, if you believe we are as many do, when) we're going into a recession and, if we are, the Fed will have the stones to stick with the hikes. If both of those happen the market's headed lower, since earnings will drop, causing P/E ratios to rise, thus driving the stock price back down until the P/E ratios are rational.

Bottom line is another 10-15% is not out of the question. Yesterday I heard somebody say something to the tune of, when the S&P hits 3500 I'm nibbling, at 3300 I'm eating, and at 3000 I'm gorging. Sounded pretty reasonable to me. That said, if the Fed blinks and stops raising rates, I'm all in no matter where the market stands at that moment, because you don't fight the Fed.