The Stock Market

607B72B6-8056-4740-8F5F-B0F0D44DC661I don’t “play the market.” I am not an individual stock market investor and I don’t really follow it closely. But my 401(k), what I am depending upon to feed, clothe, and house me now that I’m retired, has my life savings tied to stock market performance.

All I do know is that my “portfolio” has gained significantly over the past year as the Dow Jones Industrial Average (whatever that is) has soared. But then on Friday the market dropped by 666 points. And again on Monday, the market plummeted by 1,175 points, the largest one day drop in history.

All kinds of financial pundits on TV were attempting to explain what the hell was going on. It’s a “market correction” some said. Others feared that the market bubble had burst. Still others said “keep calm and carry on,” saying that it is just part of the normal ups and downs of the stock market.

But now I’m bewildered.

What should I do? Should I cash out my 401(k) and put my money in a bank? Or stuff it in my mattress? Or should I just ride it out? I don’t know.

As I write this, the stock market is up almost 255 points since its opening this morning. I don’t know what being up 255 points really means, but I guess it’s better than being down by 255 points.

All that matters to me is that I continue to have the funds to feed, clothe, and house me until my bubble personal bursts for the last time.


Written for today’s one-word prompt, “bewildered.”

9 thoughts on “The Stock Market

  1. Sight11 February 7, 2018 / 9:37 am

    The Central bank is basically trying everything to keep the markets afloat. I fear by April the situation would be much worst.

    Liked by 2 people

    • Fandango February 7, 2018 / 10:43 am

      I hope you’re wrong. I don’t want to have to come out of retirement if the market tanks.

      Liked by 1 person

      • Sight11 February 7, 2018 / 1:49 pm

        Let’s see Sensei, let’s pray the Chinese housing bubble doesn’t burst. But speaking from the stats it’s not looking good.

        Liked by 1 person

  2. Jessie February 7, 2018 / 10:04 am

    So many people will be able to relate to this. The scariest part is that the market gurus don’t know nearly as much as they want us to think they do. The market is driven by human whims, not anything like the “rational” homo economicus they want us to believe is in charge.

    Like

    • Fandango February 7, 2018 / 12:10 pm

      It’s true. Every “expert” has a different take on what makes the market tick and why it does what it does.

      Liked by 1 person

  3. Marilyn Armstrong February 7, 2018 / 10:04 am

    It is impossible to tell, but don’t sell NOW. If you don’t need the money right this very minute, let it ride and get some GOOD advice and where your money belongs.

    Liked by 2 people

    • Fandango February 7, 2018 / 12:11 pm

      I don’t plan to bail. At least not yet.

      Like

  4. itweetsmagazines February 11, 2018 / 8:18 am

    My advise to you is to stop micro managing your portfolio minute by minute, and I know its not my money its urs but ride it out and know that the American Economy is the wordless greatest and strongest because of its fundamental solid regulations and ethical base. If you don’t believe me, check out Warren Buffett he always says, “It’s never paid to bet against America. We come through things, but its not always a smooth ride” WB

    Liked by 1 person

    • Fandango February 11, 2018 / 8:58 am

      I am going to stay put and ride it out and hope that you and Warren Buffett are right.

      Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s