Black Monday

[KeratinPearls]

What are y’all doing to weather this storm. I see some billionaires (Ackman, Dimon) saying this is a major policy error.

Buy the fear?

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[Pathofourlives]

Same as usual. Stay employed, invest in the market, maintain a reasonable budget, wait out the dip

 

[octopusprime]

Buying more VTI on the dip at early 2024 levels

 

[WEBB PINKERTON]

Put your money in land, businesses. Only dip your toes in the market. With the flooding situation, I am looking at some major money cutting down trees, removing stumps.

 

[Zarniwoop]

This might delay some retirements, and maybe even bring some retirees back to the scope.

 

[Alteran]

I'm buying property to rent out. Of course I still have money in market, but lately I'm trying to make it such that I could easily live off my property's rent without taking a hit to my lifestyle (which is low maintenance anyways) should anything drastic happen.

 

[sloh]

Buying more vtsax at a discount, like usual

 

[ScubaV]

I'm 15+ years from retirement, so this means nothing to me so far, but it really sucks for those close to or recently retired. Although, even if everything gets reversed in 4 years you have to wonder if this is going to cause long-term damage to US economic supremacy. Both mainstream R and D had broadly consistent economic and foreign policy since WW2. That's out the window now and other countries are not going to just sit back and let the US drive the bus off the cliff without at least checking the emergency exits.

 

[cmz]

There is A LOT of uncertainty. While I feel that the market overreacted, I can't help feel that the Market is STILL extremely overvalued. That said, my feelings mean nothing. You are seeing a little bit of a bump in prices today but some of that was over-hyped news that some media outlets received about pull back on Tariffs. You might see a little bit of a rally, but things can come running the in opposite direction just as fast. The only thing I am doing is buying stocks that I personally think will do well no matter what short-term blips we're trying to navigate through. I fully expect that some of these more recent buys may end up going even lower, but long term outlook I am betting they will go up (as has been the case for last twenty years).

 

[octopusprime]

Similar sentiment. I've felt for a while everything is insanely over valued, PE ratios nonsensical...something had to give. Albeit this is a self inflicted "correction" and it will likely ironically hurt the people who put the orange man in office in the first place, but I'm 15 yrs from retirement as well so just trucking along as usual. I'm nearly 100% stocks, very aggressive, so getting destroyed but I expect things to bounce back at some point in the next few years.
Likewise feel sorry for folks close to retirement, but anyone <5 or 6 yrs should have much less exposure to the volatility of stocks...I think the people 5-10 yrs out are going to feel it more.