Author Topic: EU and the markets  (Read 1454 times)

monkeytree

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EU and the markets
« on: June 24, 2016, 09:06:20 AM »
So I've been a firm believer in staying in the markets for the long haul and not selling/switching to safer funds whenever there are any blips in the market. However, today, all the EU hype is causing all my co-workers to panic and switch their TSP to G funds. I'm debating myself, but I wanted you all mustachians to assure me that it's not the smart thing to do and that I should stay put. Or should I just switch for a couple days?  I hear that if you make any changes before noon EST, you won't be affected by today's massacre.

Spork

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Re: EU and the markets
« Reply #1 on: June 24, 2016, 09:09:16 AM »
If you really like rib eye steak and the local grocery store puts it on sale, what are you inclined to do?

(Vegetarians may substitute quinoa for steak in the question above.)

Asked a different way:  Assuming the market does go down... what would Warren Buffet Do?  (WWWBD)

monkeytree

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Re: EU and the markets
« Reply #2 on: June 24, 2016, 09:12:43 AM »
Mmmm rib eye steak....yes, I would buy them all up. Nice analogy :)

mtn

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Re: EU and the markets
« Reply #3 on: June 24, 2016, 09:14:06 AM »
I had a bunch of sell orders in on almost all of my taxable  holdings when this hit--I was intending to use the proceeds for a down payment on a house.

Today I went into my account and increased the limit price on most of the open orders. I expect that either we're in a lull for a while, or else we're going to experience some fairly extreme volitility for a few days--if that is the case, I'm sticking with my original plan of down payment. I'll just have more down payment in that situation. If we're in the lull, then I'm not "losing" on any of my holdings and I can buy some stocks while on sale.

Jack

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Re: EU and the markets
« Reply #4 on: June 24, 2016, 09:21:03 AM »
I was going to say "switch into the I fund" (or whichever between C, S and I seems to be getting hammered most), or at least, "leave it alone," but then you wrote this:

I hear that if you make any changes before noon EST, you won't be affected by today's massacre.

Are you saying that if you switch to the G fund within the next half hour you'll get yesterday's prices? That's crazy; it's like being able to see the future! If that's truly the case, then you could do something like switch to the G fund now to lock in the gains, then switch again to the I fund after noon (or next week) to buy the dip. Assuming it's allowed and you have gigantic risk tolerance for market-timing/speculation/arbitrage, of course.

monkeytree

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Re: EU and the markets
« Reply #5 on: June 24, 2016, 09:35:31 AM »
Excuse my ignorance but this is what my coworkers have been saying all morning and I naively believed them. I'm keeping everything the same....thought about putting more into the I fund but not sure how much. Right now I'm split between C, S and I.

Jack

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Re: EU and the markets
« Reply #6 on: June 24, 2016, 09:43:50 AM »
Excuse my ignorance but this is what my coworkers have been saying all morning and I naively believed them.

Ah, you're saying you checked and discovered that they were mistaken? If so, good -- that makes much more sense than the alternative.