Brexit vote today

• FatHobbit

  

  Will the uk leave the eu? They are still counting votes but right now it's 51.57% to leave and 48.43% to stay.
  
  I'm mostly concerned to see how this affects my 401k.
• Spock

  

  EU is a joke
• SportsAndLady

  

  FatHobbit;1801437 wrote:.
  
  I'm mostly concerned to see how this affects my 401k.

  I wouldn't be too concerned.
• QuakerOats

  Better check your portfolio.
  
  Hard to believe the ten-year is at 1.5% ---- but 8 years of no growth, and global insecurity brought to us by the globalists, is ruling the day, I mean decade.
• FatHobbit

  

  I won't see the damage to my 401k until tonight, but the market is definitely not pleased.
• SportsAndLady

  

  FatHobbit;1801457 wrote:I won't see the damage to my 401k until tonight, but the market is definitely not pleased.

  It's one day.
• Con_Alma

  ...and the market is still up for the year even with today's decline.
• queencitybuckeye

  Uncertainty or fear-based market drops ain't nothing but a buying opportunity.
• Con_Alma

  queencitybuckeye;1801460 wrote:Uncertainty or fear-based market drops ain't nothing but a buying opportunity.

  
  Amen to that.
• Classyposter58

  

  They should leave. The EU has turned into this over regulated growth killing monster. IMO it certainly is interesting to see how the western world politically has made such a conservative turn in the last few years
• gut

  SportsAndLady;1801441 wrote:I wouldn't be too concerned.

  Yeah, I'm not sure fundamentals change much....but uncertainty IS increased, and that would justify lower valuations. If we lose a few more points over the next couple of days it's probably a good buying opportunity.
• gut

  Classyposter58;1801471 wrote:They should leave. The EU has turned into this over regulated growth killing monster.

  No, socialism and huge deficits took care of that job a long time ago.
• FatHobbit

  

  SportsAndLady;1801458 wrote:It's one day.

  Lol this is true. I have all my 401k invested in aggressive funds because of my age and I want it to grow as much as possible. But I lost $42k in 4 months in 2008 and now I often think I should move it to something more conservative whenever I suspect the market is going to drop. (Brexit, Trump being elected, etc...) So far I just let it ride because I assume the people running the fund know more about what they are doing than I do, but I always have that thought in the back of my head that I should be more conservative or it's all going to be gone.
• Al Bundy

  FatHobbit;1801488 wrote:Lol this is true. I have all my 401k invested in aggressive funds because of my age and I want it to grow as much as possible. But I lost $42k in 4 months in 2008 and now I often think I should move it to something more conservative whenever I suspect the market is going to drop. (Brexit, Trump being elected, etc...) So far I just let it ride because I assume the people running the fund know more about what they are doing than I do, but I always have that thought in the back of my head that I should be more conservative or it's all going to be gone.

  If you start guessing on world events and the market response, you will get some right and miss on some. If you cost average in over time and get more conservative when you are close to retiring, you will do fine.
• SportsAndLady

  

  gut;1801482 wrote:If we lose a few more points over the next couple of days it's probably a good buying opportunity.

  610 points wasn't good enough for you? Lol
• gut

  SportsAndLady;1801498 wrote:610 points wasn't good enough for you? Lol

  "point" as in percentage point.....net loss over the past two days is only like 2%, which isn't much more than normal volatility. I like to see something closer to 10% (techincally, a market "correction") as a buying opportunity because of overselling (assuming fundamentals haven't changed).
  
  3-4% is nothing to get excited about...if it drifts lower the next few days it could be a decent buying opportunity.
• SportsAndLady

  

  gut;1801499 wrote:"point" as in percentage point.....net loss over the past two days is only like 2%, which isn't much more than normal volatility. I like to see something closer to 10% (techincally, a market "correction") as a buying opportunity because of overselling (assuming fundamentals haven't changed).
  
  3-4% is nothing to get excited about...if it drifts lower the next few days it could be a decent buying opportunity.

  I know lol I was just kidding.
• gut

  SportsAndLady;1801501 wrote:I know lol I was just kidding.

  I thought you probably knew better, but some probably don't.
  
  Was commenting more on the "buying opportunity". Thursday was a nice bump, supposedly on expectation it would fail. Except that Thursday bump mostly got the week back flat. So Friday is really somewhere between a 2-4% drop. Doesn't excite me to reach for my wallet just yet, but a rough few more days and a buying opportunity might emerge later next week.
  
  If you've got money sitting on the sidelines, then you might just parcel it out each day over the course of Tues-Friday....but make sure you aren't killing yourself on transaction costs!