Good for you, Rob, for talking sense! I'm the finance professor whose comment you read a few weeks ago. I just turned 70 a week ago and plan on retiring in 2 years. And I wholly agree that this correction benefits me. TY for the sanity.
Rob is the voice of reason in these tumultuous times...thanks Rob for urging investors to stay calm while the stock market experiences wild swings. Reminding us that historical data shows that markets eventually recover so amidst the "chaos", let’s keep a steady hand on the tiller and navigate wisely.
I'm old enough to realize that "these tumultuous times" are all times. I remember 1968 and all the sometimes dreadful events that occurred that year (the year I enlisted in the Navy) August 1971 was when the "dollar was dead" when Nixon took the dollar off the gold standard; while my wife and I were on vacation in London in 1987, the market "crashed" big time -- the world as we knew it was supposed to be ending. And on and on and on... but I still spend dollars and I have remained invested in the markets for decades. Am I a multi-mega-millionaire. No. But my wife and I are retired and living quite comfortably. Yes, the world could end before I complete this comment, but it probably will not. Could I prevent the end of the world? No. So I don't worry about it any longer. Yes, keep that "steady hand on the tiller" and keep navigating wisely!
Retired four months ago. Money I need for the next five years is not in stocks. All I did was look at the stock market, said "bummer", did nothing to my portfolio. Now it's time for lunch. 🙂
Love it. I’m about 25-30 years from retiring-I looked at the stock market, said “maybe a sale is coming” and did nothing to my portfolio for the time being as well.
Eight months retired here. We don't need to touch any of our taxable principle until 2029, and we don't need to touch any of our retirement assets until 2031-2032 if we don't want to. No pension, just expense management and a long time saving and investing. I did move a little from cash/MM into our funds in our retirement portfolio during the "bloodbath" (Ha ha!), but just a little bit.
@@rgarri6396 That is exactly why you don't have everything in equities. You have fixed income to calmly take you thru many inevitable corrections, bears and recessions. This is completely NORMAL. Always has been.
one of the "best" things that ever happend to my portfolio was the '08 crash...was still working then and I kept buying so many great stocks on sale. thanks for the video.
Thank you so very much for your comforting words. I just entered retirement a year ago at 59 and am in the market a little more than I should be I suppose. I don’t plan on touching anything for at least 10 years if not more. It’s videos like yours that keep my anxiety level down.
Rob, you’re a true game-changer. No BS, no fluff to obtain views… I’ve been following for only a few months and have found your videos truly, literally invaluable. I can’t tell you how many friends and colleagues (mostly in the high tech industry and between 45-55 and **heavily** into the NASDAQ) I’ve told about your videos. Keep it up and keep on truckin’, my friend.
The stock market moves about 183% per year measured by daily closes ups and downs. It’s like when I take my dog for a walk I travel about 1 mile. He travels about 20. But we end up in the same place at the end of the walk.
Thanks for this level headed discussion, which I feel is spot on. I'm 75 and been in the market for >50 years now and pretty much seen it all. Your comments are spot on IMO and there is no need to over react, now or ever for that matter.
Focusing on 1, 2, 3 days but ignoring the last 1, 5, 10, 20yrs is always amusing to me. Where are we YTD despite with the past couple of days? I don't buy the dip, I buy the ride down.
This is one of those moments that separates the wealthy from the less fortunate. While some will panic and think, "The market is crashing, I need to stop buying!", others will see it as a prime opportunity to invest more or to continue their strategy of dollar-cost averaging. This fluctuation is completely normal. As I often advise, take a break from watching market movements constantly-it can drive you crazy. Remember, this has happened many times before.
Mr. Berger; I really enjoy your videos. I have read your book and watch your channel, and I can say, your opinions are one of the most sincere, and helpful amongst all the other stuff on YT and other social medias. I think, you being honest and not tying to create sensation, or pretend to have a “holy grail” of investing, or secret to investing, makes your videos a pleasant experience. Please keep it going, and thank you, for being a voice of reason.
When I am considering buying something, I am always delighted to see it on sale. We need to adopt the same view of the stock market; when indices decline dramatically, look at that as a buying opportunity.
I'll tell you this, I sold everything today, and regret it. I can't get the money for the next 3 days or so, I hope it won't go up a lot again. Now I wish I was in your position.
@gilbert2720 yeah I've read the Vanguard white paper. Lump sum invested at the end of 2021 and lost my 🍑. DCA last summer/fall and made a killing (thankfully this was also a much larger holding). I know you can't time the market, blah blah blah but the market is crazy high even after this drop. You have to "read the room" a bit IMO.
@@MeltingRubberZ28When stocks are at extended all time highs, I would definitely DCA (I’m underweight stocks right now so I’m slowly buying these dips). Also, if markets are correcting, who knows when the bottom is in? Imagine having $100k lump sum to invest in 2008. The market drops 10% and you’re thinking you’re getting a bargain, then it drops another 35% and you don’t recoup your losses for 5 years or more.
I'll second the comments below: thanks for your calm words. Your video was the first I saw when I went to the RUclips home page, and was much appreciated. Enjoy your workout!
I understand the points you're making, but I am 73 years old and still have about 40% in the markets as a hedge against future inflation (and that I wasn't a very disciplined saver). It takes anywhere from 2 to 5 years to make the gains that I just saw vanish in 2 sessions! No matter how much patience and long range planning you have, it is certainly very disconcerting - especially if something unforeseen pops up.
OK, look, the S&P 500 is down just under 3% today. It's still up around 9-10% this year to date. There is *no way* , as in literally *impossible* , that you lost all the gains of 2-5 years today. That's just preposterous.
@@JeanValjean875 Well, I didn't elaborate on the entire story ... I just retired from the Government, and the TSP plan options are not very good. I had just closed that account and invested it all in my brokerage account, and it was my unfortunate luck to see the modest gains made in the TSP account vanish. I expect I will see better returns going forward ... but the fact is I did loose that much in those 3 sessions!
I'm near retirement (somewhat early) and, like Rob, I'm 70-75% equity (I try to get as close as possible to 75% without going over). Staying the course.
Either way, that's called market timing. As Rob said, we won't know until it's over whether the "bottom" has occurred. If you have cash you've been waiting to invest you're already trying to time the market and missed out on all the gains you could have had.
Great video, Rob. I've always appreciated your well informed and balanced opinions. It's easy to make the "We're all gonna die!" videos. Love your calm demeanor that talks us all off the ledge from time to time. Stay the course!
Mr. Berger, While i partially agree with you, I’m concerned about the intersection of banking challenges, the currency undermined by government debt and spending, and housing bubbles were seeing unwound. I do like a glass more than half full and often find increasing disappointment when the glass is less and less full because of the hidden tax of inflation which itself is being manipulated by government, similar to the deception they try to maintain with the definition of recession. Safe havens are costly (silver n gold) and bankers have told me there is no hiding during a currency collapse.
Great stocks are on sale now. That’s the message I got every time from the sharp decline of stock market indexes. I have been a DIY investor since 1994. My greatest gains were made during the Asian financial crisis (1997), 9/11 and Iraq wars (2001-2003), subprime mortgage crisis (2008), and most recently the COVID pandemic (2020-2021). Do thorough research yourself on companies with “durable competitive advantage”, and then buy when they are on sale.
Thank you Rob. I couldn’t sum it up any better. Great points for us savers and even for retirees. I bought my usual index funds August 1st and will do so again At the beginning of next month. Cheers all!
One thing I've noticed over the years is that good cycles are always better for my portfolio than they should be and that down cycles are always worse than they should be. Maybe this is part of being a small investor.
@@govinda102000 it already bounced. in some cases it bounced 10% like nvidia today hitting 90 or nasdaq regaining two points. when stocks incredible low, they were pushing it up. also the volatility index got already 50% down. it wont drop much I believe. theres been companies making 3% on good quarter revenied like the lucid cars brand. there might be some good opportunities there. I stick w etfs.
Thank you for being the voice of reason. I always like to tell folks that Stock just never goes up up up or we would all have bought that one. Many ups and downs but you don't need to panic.
It's the bloodbath content that's responsible for my parents having no retirement. My dad is insanely scared of investing no matter how much I try to convince him
I am retired. I invest in one ETF I have held for 5 years in a brokerage account. It looks like I am going to be making more money. My VTI is over 26 x its value. This is a good opportunity for me.
Fast forward three days of sitting on my hands - and I'm back to nearly where I was last week. Sometimes it seems like all it takes (from my experience) to be successful in the market is for me to "remain calm and carry on", as they say.
What do you think about doing Roth Conversions now? Instead of doing a lump sum...doing one monthly for the rest of the year. Seems like a good time to do something I was planning on doing anyway.
Great video. It'll always be incredibly impressive to me how little people will learn and how so many will continue to panic, no matter what. I'll follow Rob's lead and get a good workout in today instead of listening to fear mongerers.
take a pill and chill. Are the major indexes up YTD or down? Are they down for the past 12 months or up? How about the past 2 years, 5 years, 10 years? Compare your individual investments for these timeframes. Many stocks have had a great run up and their prices are no longer inline with their revenue/sales.
I'm thinking of doing Roth conversions while the market is down. I'd love a video from you if you cover the benefits of doing conversions when the market is down. Is this a good way to think about it or are there any other more important factors. I'd like to make the conversions before the year's end. I think this topic would be of interest to many of your viewers.
"Its from wikipedia, it must be true" - I actually laughed out loud, thanks for that one. Great video tho, I appreciate the common sense approach amongst all the financial media noise.
I appreciate the measured response. Very refreshing these days I just started pumping 3k a month into my brokerage account 🤡 I guess if the crash comes now, maybe I can buy low, cause my plans aren't changing 👍
One good thing for me: With my updated spreadsheet, I see I suddenly don't have to worry about RMDs pushing me into higher tax brackets lol. So there's that. ;-)
If the funds balances in the IRAs and 401s are still down on the official day that the IRS Forms are generated that determine the value of the IRA or 401 accounts that are subject to the Minimum Required Distributions !! think that is IRS Form 5498
If you sell now your stocks now your betting against the US economy. More and more people in the world who want to have nicer things means more opportunities for US companies. Stay the course folks. Great video Rob. New sub here
Rob, thank you for taking the time to make this video this morning. I actually think it is one of your best yet! (But most of your others are pretty darned good too.) 👍
Terrific video, Rob. If I could give younger folks one piece of advice, it would be do not sell when there is a big dip in the markets. If you do not need the money to live, turn off the phone and computer and ride it out!
Thanks for the video! Buffet took some profits, just like I did last week. Corrections don't necessarily help you if you don't take some profits and reinvest on the rebound.
Woohoo! Fire sale! I just happily dumped a big chunk into my Roth. As Jack says, 'place your bets and get the hell out of the casino'. Well, today was a great day to place a bet so I went to the casino and got the hell outta there as quick as I could. It's a marathon, not a race!!!
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
Hi Rob? I was a little surprised when u said you’re invested in 75% stocks? How many years are you out from retirement? Maybe I’m being too conservative on my portfolio.
You can usually find some bargains during a recession. Hotel rooms, flights, big ticket items like autos or even houses. There's a bright side to everything.
I knew something was wrong when I checked Charles Schwab this morning and couldn’t login. After seeing the numbers, I don’t think this is anything crazy. Thanks for sharing your perspective and a more calming take!
Just look at a longer term chart on AAPL. Yes in the short term the price is lower. but as short as a 3 month chart the current price looks great. Now go out 5 years...
Excellent video and very timely Rob! I'm still 6 years (minimum) out from retiring so I'm barely in that long term investor category. I actually put a small order (2K) to add to my S&P 500 Vanguard fund in my IRA this morning. I actually am a fan of having a bit of dry power and buy the dips. Who knows? Nobody. So if it declines more then I'll buy some more. But if I was retired I would do the exact same thing you are, enjoying my life 😃
Don't Just Do Something, Stand There!
Invest invest invest
Love this. Perfect and succinct.
Good for you, Rob, for talking sense! I'm the finance professor whose comment you read a few weeks ago. I just turned 70 a week ago and plan on retiring in 2 years. And I wholly agree that this correction benefits me. TY for the sanity.
you dont look 70 in that pic
Just bought some VOO as it looks like it’s on sale
Happy belated birthday! I turned 73 next retired two months shy of 62.
Rob is the voice of reason in these tumultuous times...thanks Rob for urging investors to stay calm while the stock market experiences wild swings. Reminding us that historical data shows that markets eventually recover so amidst the "chaos", let’s keep a steady hand on the tiller and navigate wisely.
I'm old enough to realize that "these tumultuous times" are all times. I remember 1968 and all the sometimes dreadful events that occurred that year (the year I enlisted in the Navy) August 1971 was when the "dollar was dead" when Nixon took the dollar off the gold standard; while my wife and I were on vacation in London in 1987, the market "crashed" big time -- the world as we knew it was supposed to be ending. And on and on and on... but I still spend dollars and I have remained invested in the markets for decades. Am I a multi-mega-millionaire. No. But my wife and I are retired and living quite comfortably. Yes, the world could end before I complete this comment, but it probably will not. Could I prevent the end of the world? No. So I don't worry about it any longer. Yes, keep that "steady hand on the tiller" and keep navigating wisely!
@@johnc2438 Great feedback...and thank you for your service John! 🙌🏻
Retired four months ago. Money I need for the next five years is not in stocks. All I did was look at the stock market, said "bummer", did nothing to my portfolio. Now it's time for lunch. 🙂
Love it. I’m about 25-30 years from retiring-I looked at the stock market, said “maybe a sale is coming” and did nothing to my portfolio for the time being as well.
@@Poopoocachoo U should have bought dude. Everyone should have bought. as Warren Buffet said, always buy stock through tick and thin, especially thin.
@@ricardodelacrvz1400 oh I’m going to. I have auto-buys set up for every Wednesday :)
Me too. Retired 2 years ago, hold 5yrs pension withdrawals as cash, remainder equities. Lunch out today as it is a Tuesday 😊
Eight months retired here. We don't need to touch any of our taxable principle until 2029, and we don't need to touch any of our retirement assets until 2031-2032 if we don't want to. No pension, just expense management and a long time saving and investing. I did move a little from cash/MM into our funds in our retirement portfolio during the "bloodbath" (Ha ha!), but just a little bit.
"Stay the course." and "Don't Peek." - Jack Bogle
You're in this for decades, today's value is just a blip.
I’m a jack bogle fan, but some of us don’t have decades. When you invest you need to ride the ups and downs.
@@rgarri6396 If you don't, you have no business being in the stock market. Stay in the bond market.
@@rgarri6396 That is exactly why you don't have everything in equities. You have fixed income to calmly take you thru many inevitable corrections, bears and recessions. This is completely NORMAL. Always has been.
@@sociolocomtsac even people that are retiring tomorrow should be in equities. Not saying it should be 100%, but they certainly shouldnt be all bonds
Well said
one of the "best" things that ever happend to my portfolio was the '08 crash...was still working then and I kept buying so many great stocks on sale. thanks for the video.
Me too. Some coworkers went to cash near the bottom. I told them they should be increasing their contributions.
Thank you so very much for your comforting words. I just entered retirement a year ago at 59 and am in the market a little more than I should be I suppose. I don’t plan on touching anything for at least 10 years if not more. It’s videos like yours that keep my anxiety level down.
You have 10years cash?!?!?
Luckily I have a pension and zero debt so hopefully I should be good for now
Rob, you’re a true game-changer. No BS, no fluff to obtain views… I’ve been following for only a few months and have found your videos truly, literally invaluable. I can’t tell you how many friends and colleagues (mostly in the high tech industry and between 45-55 and **heavily** into the NASDAQ) I’ve told about your videos. Keep it up and keep on truckin’, my friend.
The stock market moves about 183% per year measured by daily closes ups and downs. It’s like when I take my dog for a walk I travel about 1 mile. He travels about 20. But we end up in the same place at the end of the walk.
Berkshire wanted cash to go value shopping after the correction we were expecting?
Thanks for this level headed discussion, which I feel is spot on. I'm 75 and been in the market for >50 years now and pretty much seen it all. Your comments are spot on IMO and there is no need to over react, now or ever for that matter.
Stay the course, stick to your plan, and ignore the noise, thanks, Rob!
Focusing on 1, 2, 3 days but ignoring the last 1, 5, 10, 20yrs is always amusing to me. Where are we YTD despite with the past couple of days? I don't buy the dip, I buy the ride down.
This is one of those moments that separates the wealthy from the less fortunate. While some will panic and think, "The market is crashing, I need to stop buying!", others will see it as a prime opportunity to invest more or to continue their strategy of dollar-cost averaging. This fluctuation is completely normal. As I often advise, take a break from watching market movements constantly-it can drive you crazy. Remember, this has happened many times before.
This is very thoughtful of you. If I have learned anything from you over the last few years is to stay the course.
You are too smart and level headed to go viral. Blood gets clicks, but I prefer listening to you Rob!
Mr. Berger;
I really enjoy your videos. I have read your book and watch your channel, and I can say, your opinions are one of the most sincere, and helpful amongst all the other stuff on YT and other social medias. I think, you being honest and not tying to create sensation, or pretend to have a “holy grail” of investing, or secret to investing, makes your videos a pleasant experience. Please keep it going, and thank you, for being a voice of reason.
I’ve been through this many times, but, buy, buy.
I love this channel. Love from a 28 year new investor from NJ✊🏽
When I am considering buying something, I am always delighted to see it on sale. We need to adopt the same view of the stock market; when indices decline dramatically, look at that as a buying opportunity.
Excellent video. I have followed you since the Dough Roller days. The quality continues to improve.
I dumped all the money I had made from my new job ($60k) into the market on Wednesday 🙄. Not worried overall but still annoying
Anything over 5k I DCA
I'll tell you this, I sold everything today, and regret it. I can't get the money for the next 3 days or so, I hope it won't go up a lot again. Now I wish I was in your position.
@@MeltingRubberZ28 believe it or not, lump sum tends to perform better statistically. Remember, ‘time in the market’
@gilbert2720 yeah I've read the Vanguard white paper. Lump sum invested at the end of 2021 and lost my 🍑. DCA last summer/fall and made a killing (thankfully this was also a much larger holding). I know you can't time the market, blah blah blah but the market is crazy high even after this drop. You have to "read the room" a bit IMO.
@@MeltingRubberZ28When stocks are at extended all time highs, I would definitely DCA (I’m underweight stocks right now so I’m slowly buying these dips). Also, if markets are correcting, who knows when the bottom is in? Imagine having $100k lump sum to invest in 2008. The market drops 10% and you’re thinking you’re getting a bargain, then it drops another 35% and you don’t recoup your losses for 5 years or more.
I'll second the comments below: thanks for your calm words. Your video was the first I saw when I went to the RUclips home page, and was much appreciated. Enjoy your workout!
I understand the points you're making, but I am 73 years old and still have about 40% in the markets as a hedge against future inflation (and that I wasn't a very disciplined saver). It takes anywhere from 2 to 5 years to make the gains that I just saw vanish in 2 sessions! No matter how much patience and long range planning you have, it is certainly very disconcerting - especially if something unforeseen pops up.
OK, look, the S&P 500 is down just under 3% today. It's still up around 9-10% this year to date. There is *no way* , as in literally *impossible* , that you lost all the gains of 2-5 years today. That's just preposterous.
Stocks don't hedge against inflation. They crash. The 10y at over 4.5% was enough hedge against inflation. CPI is at 3% and expected to drop to 2%.
@@JeanValjean875 Well, I didn't elaborate on the entire story ... I just retired from the Government, and the TSP plan options are not very good. I had just closed that account and invested it all in my brokerage account, and it was my unfortunate luck to see the modest gains made in the TSP account vanish. I expect I will see better returns going forward ... but the fact is I did loose that much in those 3 sessions!
Stocks is the only market where customers run for the exit when the products are on sale.
😅😮
Thanks so very much for your wise info and calm demeanor!
I'm near retirement (somewhat early) and, like Rob, I'm 70-75% equity (I try to get as close as possible to 75% without going over). Staying the course.
This is a time to buy, not sell.
Either way, that's called market timing. As Rob said, we won't know until it's over whether the "bottom" has occurred. If you have cash you've been waiting to invest you're already trying to time the market and missed out on all the gains you could have had.
@@DanBuchal I dollar cost average - I don’t try to time it. I’m just saying that it’s better to be buying today than selling.
@@maxpayne7419 I 100% agree... it's always time to buy 😉
@@maxpayne7419 We can't say that without the benefit of future hindsight.
@@captsorghumlol that is the worst guess I’ve heard
It’s hotter than heck out here today, the value of DQ went way up for me!
🤣Underrated comment!
Thanks Rob. All the news networks love to sell the fear and anxiety on a day like today. You are the voice of calm, reason, and logic.
Best video on the current situation. Thank you for your professionalism and integrity.
Great video, Rob. I've always appreciated your well informed and balanced opinions. It's easy to make the "We're all gonna die!" videos. Love your calm demeanor that talks us all off the ledge from time to time. Stay the course!
We got this!
Mr. Berger, While i partially agree with you, I’m concerned about the intersection of banking challenges, the currency undermined by government debt and spending, and housing bubbles were seeing unwound. I do like a glass more than half full and often find increasing disappointment when the glass is less and less full because of the hidden tax of inflation which itself is being manipulated by government, similar to the deception they try to maintain with the definition of recession. Safe havens are costly (silver n gold) and bankers have told me there is no hiding during a currency collapse.
Great stocks are on sale now. That’s the message I got every time from the sharp decline of stock market indexes. I have been a DIY investor since 1994. My greatest gains were made during the Asian financial crisis (1997), 9/11 and Iraq wars (2001-2003), subprime mortgage crisis (2008), and most recently the COVID pandemic (2020-2021). Do thorough research yourself on companies with “durable competitive advantage”, and then buy when they are on sale.
Thanks Rob for being our ballast in times of turbulence! Keeping it real. Keep up the good work!
Thank you Rob. I couldn’t sum it up any better. Great points for us savers and even for retirees. I bought my usual index funds August 1st and will do so again At the beginning of next month. Cheers all!
I got excited about the decline because I wanted to buy some stocks. Turns out the ones I wanted were still high.
My first thought as well was to buy.
Wealth is transferred from the impatient to the patient. Buying opportunities if anything
5am, I cannot sleep. My problem is that I want to buy few quality stocks (NVDA, TSLA, GOOG, AMZN, etc) but don’t know what is the best entry point.
So would today be a good day to convert some traditional ira to roth?
Thanks, Rob! Keep up the great work. Your channel is a breath of fresh air.
The man the myth the ROB!! Thanks for making a video today.
You cant beat a good dose of rational, common sense👍
As I saw a comment say a long time ago, it's not about market timing but about your time in the market.
Voice of reason. Thanks, Rob. :)
One thing I've noticed over the years is that good cycles are always better for my portfolio than they should be and that down cycles are always worse than they should be. Maybe this is part of being a small investor.
Time to do some Roth conversations.
The one thing I did today
Today, I bought the dip. I simply couldn't resist.
Same here. I don't consider it timing the market as I never sell anything. I consider it buying something on sale.
I think it will continue on a slow dip. I'm waiting a few weeks.
always good, buying the dip
@@govinda102000 it already bounced. in some cases it bounced 10% like nvidia today hitting 90 or nasdaq regaining two points. when stocks incredible low, they were pushing it up. also the volatility index got already 50% down. it wont drop much I believe. theres been companies making 3% on good quarter revenied like the lucid cars brand. there might be some good opportunities there. I stick w etfs.
I took profits last week and will reinvest when the correction is over. Makin' money!
Well said ROB💪❤... LOVE your voice of reason !
I always appreciate a levelheaded talk on what is going on rather than all the hyperbole/catastrophising/extremism.
I bought stocks today, as I do at the beginning of every month. Cheers from New Mexico!
Thanks for the encouraging video
I’ll save & re listen when I get the beginners gitters seeing the values go down
Thanks for being level-headed vs. what we typically see from the news. Seems that all of your subscribers feel the same way. Cheers
Thank you for being the voice of reason. I always like to tell folks that Stock just never goes up up up or we would all have bought that one. Many ups and downs but you don't need to panic.
It's the bloodbath content that's responsible for my parents having no retirement. My dad is insanely scared of investing no matter how much I try to convince him
Shame
True, however you have to consider that there are people which simply can't handle volatility of the stock market (I know few)
Tell your dad to buy a 20 year US bond and collect the interest
Omg everything’s red! I hadn’t looked until I read your caption
I'm pumped. Let's go.
I am retired. I invest in one ETF I have held for 5 years in a brokerage account. It looks like I am going to be making more money. My VTI is over 26 x its value. This is a good opportunity for me.
ETFs are vulnerable like anything else when the market falls across the board
It’s my favorite time in the stock markets. I up my buying in down markets. It’s common sense to me
Fast forward three days of sitting on my hands - and I'm back to nearly where I was last week. Sometimes it seems like all it takes (from my experience) to be successful in the market is for me to "remain calm and carry on", as they say.
Good day to deploy part of Roth Conversion $ !
Keep calm…carry on.
What do you think about doing Roth Conversions now? Instead of doing a lump sum...doing one monthly for the rest of the year. Seems like a good time to do something I was planning on doing anyway.
Timely content Rob - thanks for framing this into reality! Fundamentally the market did not change from Friday to today. Just people's perceptions....
Thank you ,appreciate your common sense ❤
Thank you for a calm perspective
Thank you for your perspective. You calmed my fears and everything you said makes sense! I'm sure you put a lot of peoples fears to rest.
Great video. It'll always be incredibly impressive to me how little people will learn and how so many will continue to panic, no matter what.
I'll follow Rob's lead and get a good workout in today instead of listening to fear mongerers.
Simple and to the point! Thank you Rob
Thank you Rob for your calm and wise guidance.
Preach common sense, Rob! Thanks for the reality check.
take a pill and chill. Are the major indexes up YTD or down? Are they down for the past 12 months or up? How about the past 2 years, 5 years, 10 years? Compare your individual investments for these timeframes. Many stocks have had a great run up and their prices are no longer inline with their revenue/sales.
I'm thinking of doing Roth conversions while the market is down. I'd love a video from you if you cover the benefits of doing conversions when the market is down. Is this a good way to think about it or are there any other more important factors. I'd like to make the conversions before the year's end. I think this topic would be of interest to many of your viewers.
"Its from wikipedia, it must be true" - I actually laughed out loud, thanks for that one. Great video tho, I appreciate the common sense approach amongst all the financial media noise.
Great video Rob. To dumb it down: if you are freaking out, your asset allocation is too heavy into equities. It’s that simple!
Thanks for your calming, rational, perspective.
I appreciate the measured response. Very refreshing these days
I just started pumping 3k a month into my brokerage account 🤡 I guess if the crash comes now, maybe I can buy low, cause my plans aren't changing 👍
One good thing for me: With my updated spreadsheet, I see I suddenly don't have to worry about RMDs pushing me into higher tax brackets lol. So there's that. ;-)
If the funds balances in the IRAs and 401s are still down on the official day that the IRS Forms are generated that determine the value of the IRA or 401 accounts that are subject to the Minimum Required Distributions !!
think that is IRS Form 5498
If you sell now your stocks now your betting against the US economy. More and more people in the world who want to have nicer things means more opportunities for US companies. Stay the course folks. Great video Rob. New sub here
Thank you for the reassurance!
Rob, thank you for taking the time to make this video this morning. I actually think it is one of your best yet! (But most of your others are pretty darned good too.) 👍
Terrific video, Rob. If I could give younger folks one piece of advice, it would be do not sell when there is a big dip in the markets. If you do not need the money to live, turn off the phone and computer and ride it out!
Won't I lose my money that's already in the stocks?
Thanks for the video! Buffet took some profits, just like I did last week.
Corrections don't necessarily help you if you don't take some profits and reinvest on the rebound.
Today is a good day to do Roth conversion!
I watched your video on Saturday and now you’re right…great job once again…
Thanks Rob for your voice of wisdom and reason. I needed to hear this.
The hero we need.
Thanks for making sense & staying calm
Thanks Bob, not really that rattled by todays events but nice to hear your calming words.
Do you feel like there’s an IMPORTANT difference between ETFs and mutual funds because ETFs trade intra-day or is it a nit in the scheme of things?
Woohoo! Fire sale! I just happily dumped a big chunk into my Roth. As Jack says, 'place your bets and get the hell out of the casino'. Well, today was a great day to place a bet so I went to the casino and got the hell outta there as quick as I could. It's a marathon, not a race!!!
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
Hi Rob? I was a little surprised when u said you’re invested in 75% stocks? How many years are you out from retirement? Maybe I’m being too conservative on my portfolio.
Like Rob I am 75 stock, 15 fixed instruments and 10 cash. We are in the 60’s seems like a prudent approach.
You can usually find some bargains during a recession. Hotel rooms, flights, big ticket items like autos or even houses. There's a bright side to everything.
Thanks Rob for sharing these thoughts. We should never react to days like this!
This is really inspiring content
Truly appreciate your sound reasonable financial advice. Especially on days like today 👍
I knew something was wrong when I checked Charles Schwab this morning and couldn’t login. After seeing the numbers, I don’t think this is anything crazy. Thanks for sharing your perspective and a more calming take!
Great comments, ashamed most people will just see the negative then takings a broader view.
Just look at a longer term chart on AAPL. Yes in the short term the price is lower. but as short as a 3 month chart the current price looks great. Now go out 5 years...
Excellent video and very timely Rob! I'm still 6 years (minimum) out from retiring so I'm barely in that long term investor category. I actually put a small order (2K) to add to my S&P 500 Vanguard fund in my IRA this morning. I actually am a fan of having a bit of dry power and buy the dips. Who knows? Nobody. So if it declines more then I'll buy some more.
But if I was retired I would do the exact same thing you are, enjoying my life 😃