Will this stock market madness affect cards?

[Johnny630]

I’m worried about the people who will panic cut or run when they open their 401k/IRA retirement statements.

Redemption calls.

[Golfcollector]

Dow Futures Sunday night, hit the circuit breaker about 5 minutes into the open at 6 PM EST. Down 984 I believe, so we are just above 18K now for the Dow Jones.

[sreader3]

All of the threads over the years saying that stocks are an investment and cards are a hobby seem pretty questionable. Right now, I wish I had 50% of my net worth in cards and 3% in stocks, instead of the other way around.

[todeen]

Originally Posted by sreader3

All of the threads over the years saying that stocks are an investment and cards are a hobby seem pretty questionable. Right now, I wish I had 50% of my net worth in cards and 3% in stocks, instead of the other way around.

If the richest 1% are heavily invested it's good for you too. But they are also diversified in art, automobiles, cards, coins, jewelry, land/rental property, etc. Its good to have a balanced portfolio.

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[sreader3]

Originally Posted by todeen

It's good to have a balanced portfolio.

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Could not agree more.