What ate your thoughts on longer term stocks i put out my money from my 40-k
by ssayzzz6 | March 15, 2020 3:07 am
Hello as I mentioned i pulled out my money from my 401 k and i think i did it just in time…..I think this is only the beginning and things will get words,especially what the feds are doing at the moment,just my opinion my question is what you’re thoughts are on longer term stocks.I am now trading for 1.5 year and did a lot of research.I am pretty nervous but i am going to manage my 401 myself.I personally am very interested in a clean energy etf and want to play some safer ones.I would appreciate you’re thoughts on certain sectors and why long term it could be interesting,
Apreciate it.
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Clean energy stocks might be very challenged by super-low oil and gas prices, but right now I would try to avoid making big decisions. Scale in and out of things gradually because the market is so wildly undecided about what the future will look like — we can’t know when the worse will hit either for the virus or for the economic impact of the virus, let alone the second-order impact of what either of things mean for the valuations of companies in the stock market. Right now I’m thinking more about the survivors — companies who I know can make it through a recession with their business more or less intact, even if it shrinks a bit — than about the winners, so “safe” is a nice word to use but I haven’t been using it much lately.
Travis, I would gladly read your line of thought in its entirety but your system continues to truncate longer responses. Yes, even yours. Others have pointed this out as well in the last couple of days. Any estimate on when the situation will be fixed?
It should be fixed now, just clear your cached files and the fix should show. If that doesn’t work, please let us know.
You’ve locked in your loss by “selling low” – don’t double-down by “buying high”. Get that money to work by buying good deals before they are no longer a good deal.