Top is in

[solon]

Well, at least the top isn't in today...

[Exflyboy]

No thank Thorstache!.. That was last Thursday.. So glad we missed it!...:)

[aboatguy]

The ride up seemed so much more sedate! 

[Exflyboy]

As they say.. you take the stairs up and the elevator down!

[aboatguy]

As they say.. you take the stairs up and the elevator down!

Its still a long way down

[/quote]

[theninthwall]

My fault again guys, I chose yesterday morning to change over a bunch of money market to stocks…almost a 2% loss in a matter of hours lol.

[ChpBstrd]

We're obviously weak-handed if a 1% drop has us talking. Another sign the Top Is In.

[techwiz]

No weak-hands here, only Diamond Hands for the Top is in! .

[zolotiyeruki]

Lol, my poor teenage son just opened and contributed to a Roth IRA on Monday. *sigh*

My older teenagers had the *exact* same thing happen to them too...

[ChpBstrd]

Lol, my poor teenage son just opened and contributed to a Roth IRA on Monday. *sigh*

My older teenagers had the *exact* same thing happen to them too...

Tell them to toughen up. When they're rich they will have to tolerate daily losses in the tens of thousands of dollars and not run away.

[Exflyboy]

During the Covid pullback I had a friend ask me how much I "lost"..

Oh more than half a million dollars!...:)

[techwiz]

During the Covid pullback I had a friend ask me how much I "lost"..

Oh more than half a million dollars!...:)

As long as you didn't sell, have you really "lost" anything? I just tried not looking at market value and just focused on number of shares owned which were the only numbers not going down during the Covid pullback.

Of course knowing the Top is in! why do we even bother looking at market value.....

[Exflyboy]

Of course I didn't sell anything.. Actually I bought some more..:)

[theninthwall]

Lol, my poor teenage son just opened and contributed to a Roth IRA on Monday. *sigh*

My older teenagers had the *exact* same thing happen to them too...

Tell them to toughen up. When they're rich they will have to tolerate daily losses in the tens of thousands of dollars and not run away.

I remember that feeling though. My wife and I made our first significant investments when we saw the market drop 10% at the start of COVID. And then it kept dropping. It was gut-wrenching because I felt like I had undone all of the hard work my wife had put into saving for many years. Now looking back it obviously worked out for the best, but at the time it felt like a gut punch. It's a feeling that goes away with experience and time of course, but I get it.

[zolotiyeruki]

Yup, those teens' Roth IRAs are now up ~15% from their start.  It's a bit harder to get the kids interested in investing when the market drops 10% immediately after they buy in, though! 

FWIW, I didn't tell them about the dip, nor do I plan to tell the most recent teenager about it :)

[markpst]

Lol, my poor teenage son just opened and contributed to a Roth IRA on Monday. *sigh*

My older teenagers had the *exact* same thing happen to them too...

My work 403b employer match for the entire year of 2023 went in on 3/28 and 4/1. Yes, they 'match' that far behind. And if you don't work through 12/31 of the year you don't get a match at all. They only match 2% (so 50% of 4%), but still....

[MustacheAndaHalf]

Lol, my poor teenage son just opened and contributed to a Roth IRA on Monday. *sigh*

My older teenagers had the *exact* same thing happen to them too...

Tell them to toughen up. When they're rich they will have to tolerate daily losses in the tens of thousands of dollars and not run away.

You might need to translate that investment advice into words for a younger generation:  "When TikTok has 10% fewer users a day, do you quit using TikTok?"

[Michael in ABQ]

Yup, those teens' Roth IRAs are now up ~15% from their start.  It's a bit harder to get the kids interested in investing when the market drops 10% immediately after they buy in, though! 

FWIW, I didn't tell them about the dip, nor do I plan to tell the most recent teenager about it :)

I started Roth IRAs for my oldest three kids about two years ago when they started working in our business and getting paid minimum wage (with 50% going into a Roth). They're up about 24% on average since then.

[dragoncar]

FWIW, I didn't tell them about the dip, nor do I plan to tell the most recent teenager about it :)

Seems dishonest.  Did you even tell them the TOP IS IN?

[tpac]

CPI report shows inflation no longer coming down and market futures are falling. Top (was) in?

[GuitarStv]

I like the hat.

[techwiz]

Taking that sign around to a bunch of different cars selling all the cars on the street would be a great way to recover from losses on the stock market. Top car salesman is in!

[Phenix]

I like the hat.

But it's not a top hat.

[WayDownSouth]

CPI report shows inflation no longer coming down and market futures are falling. Top (was) in?

Inflation is never going to come down, and the lying FED talking about interest rate cuts would only increase it. There will be no cuts. Interest rate hike before 2025. Top is inside-out and upside down.

[GuitarStv]

I like the hat.

But it's not a top hat.

It has a peak though.

[dragoncar]

He looks like a top man though

[aboatguy]

Neutral Sentiment is driving the market, Greed Top is in.

[aboatguy]

Supersonic freefall?
 

[aboatguy]

Fear is driving the Market!  The masses finally realize that the TOP is In!

[2Birds1Stone]

WWIII top is in.

[GuitarStv]

WWIII top is in.

Nah, things can still get worse.

[Vindicated]

I'll have that car for $100, please.

I also love how this prediction, posted as a serious comment, has continued for seven years as a decidedly unserious thread.

[2Birds1Stone]

WWIII top is in.

Nah, things can will still get worse.

Yup! Which is why the market topped......now we wait for the post war recovery.

[GuitarStv]

WWIII top is in.

Nah, things can will still get worse.

Yup! Which is why the market topped......now we wait for the post war recovery.

Hey everyone, look at the optimist expecting the war to end. . .

[ChpBstrd]

WWIII top is in.

Nah, things can will still get worse.

Yup! Which is why the market topped......now we wait for the post war recovery.

Hey everyone, look at the optimist expecting the war to end. . .

Nonsense. War is supposed to be good for stocks, so this is pessimism. Top=In

[dividendman]

WWIII top is in.

Nah, things can will still get worse.

Yup! Which is why the market topped......now we wait for the post war recovery.

Hey everyone, look at the optimist expecting the war to end. . .

Nonsense. War is supposed to be good for stocks, so this is pessimism. Top=In

Ah, yes, the 34th rule of acquisition: War is good for business.

[2Birds1Stone]

Are y'all kidding? Humans gonna human.....I'm the furthest from an optimist on this topic.

IMHO Israel will try to drag the USA into a broader conflict....whether they succeed or not won't matter.

[maizefolk]

WWIII top is in.

Nah, things can will still get worse.

Yup! Which is why the market topped......now we wait for the post war recovery.

Hey everyone, look at the optimist expecting the war to end. . .

Nonsense. War is supposed to be good for stocks, so this is pessimism. Top=In

Ah, yes, the 34th rule of acquisition: War is good for business.

But don't forget: Peace is good for business (35th rule).

[GuitarStv]

WWIII top is in.

Nah, things can will still get worse.

Yup! Which is why the market topped......now we wait for the post war recovery.

Hey everyone, look at the optimist expecting the war to end. . .

Nonsense. War is supposed to be good for stocks, so this is pessimism. Top=In

Ah, yes, the 34th rule of acquisition: War is good for business.

But don't forget: Peace is good for business (35th rule).

As long as we can all agree that women should never be forced to wear clothing I think we're on the same page.

[dividendman]

Nonsense. War is supposed to be good for stocks, so this is pessimism. Top=In

Ah, yes, the 34th rule of acquisition: War is good for business.

But don't forget: Peace is good for business (35th rule).

As long as we can all agree that women should never be forced to wear clothing I think we're on the same page.

We should start a thread on the Rules of Acquisition and rank them! This is a forum about getting wealthy after all...

One that may apply to "fee free" advisors selling expensive funds:

59th rule: Free advice is seldom cheap.

My favorite:

109th rule: Dignity and an empty sack is worth the sack.

[GuitarStv]

Nonsense. War is supposed to be good for stocks, so this is pessimism. Top=In

Ah, yes, the 34th rule of acquisition: War is good for business.

But don't forget: Peace is good for business (35th rule).

As long as we can all agree that women should never be forced to wear clothing I think we're on the same page.

We should start a thread on the Rules of Acquisition and rank them! This is a forum about getting wealthy after all...

One that may apply to "fee free" advisors selling expensive funds:

59th rule: Free advice is seldom cheap.

My favorite:

109th rule: Dignity and an empty sack is worth the sack.

211 - Employees are the rungs on the ladder of success. Don't hesitate to step on them.

Taken to heart by most places I've worked.  :P

[maizefolk]

#9 is one I'm currently particularly well positioned to appreciate: "Small print leads to large risk."

[techwiz]

#9 is one I'm currently particularly well positioned to appreciate: "Small print leads to large risk."

Always read the small print. That is where the most important information is, it is normally hidden at the bottom of the page somewhere. 






The top is in!

[afuera]

I just lump sum maxed my rIRA for 2024.

You are all welcome in advance for ensuring the top is in and the downward slide will continue indefinitely!

[EscapeVelocity2020]

I just lump sum maxed my rIRA for 2024.

You are all welcome in advance for ensuring the top is in and the downward slide will continue indefinitely!

You got us under 5k.  Keep contributing and we'll really get this Top In!

[afuera]

I just lump sum maxed my rIRA for 2024.

You are all welcome in advance for ensuring the top is in and the downward slide will continue indefinitely!

You got us under 5k.  Keep contributing and we'll really get this Top In!

I still have another rIRA to max so i'll keep doing my part!

[Heckler]

#9 is one I'm currently particularly well positioned to appreciate: "Small print leads to large risk."

Always read the small print. That is where the most important information is, it is normally hidden at the bottom of the page somewhere. 






The top is in!

Wait, was it war this time?  I swear there was an interest rate meeting that kicked this rout off, that’s what I had been holding too much cash for.  Not war. 

Love the fine print btw!  🙌

[Wolfpack Mustachian]

https://investorplace.com/2024/04/stock-market-crash-sp-500-falls-below-5000/

Just so you know, this extremely pro cryptocurrency site is saying a crash is pretty much imminent due to logic such as "The benchmark S&P 500 index slipped on Friday below the psychologically critical 5,000 level" and "While the benchmark S&P 500 index has consistently defied gravity, it may not be exempt from the golden rule: what goes up must eventually come down." With irrefutable logic like this that even uses physics!, there is only one conclusion..... The top is in!

[Glenstache]

The economy is driven by rational actors and only drives towards greater efficiency.

[SwordGuy]

The economy is driven by rational actors and only drives towards greater efficiency.

True!   Note that competence and knowledge are not requirements of a rational creature. :)