Any comments from Honeywell employees?
15 replies (most recent on top)
As has been famously said by Peter Ly--h:
“Far More Money Has Been Lost By Investors Trying To Time Corrections Than In All Corrections Combined.”
This is one constant truth, and yet people still think they are smarter. Sadly they will never learn.
3 posts with great advice and they are downvoted. Someone is very bitter about his personal situation :)
The US stock market is the greatest builder of wealth in history. It has and will survive bad presidents, war, recessions, te---r attacks, etc.
How bad would it be to be sitting on the sidelines while your money in the bank is losing 3% or more a year due to inflation.
I was able to leave Honeywell in my mid 50s by staying invested through the worse financial crises in 1998, 2004, 2009. Take control and move your money (or stocks) out of the 401K into a self controlled brokerage IRA.
The big money is made when the downturn reverses. Increase your contribution if you can.
Whatever you do, don’t bail. All that does is lock in the losses.
History shows 100% of the time the market recovers and then increases.
In this inflationary environment, treasuries are a good deal. The one year T- bill is paying almost 4% and set to go higher after the Fed rate hike next week. Of course the I-bond is a great deal too but is limited to $10k investment/year per person. The I bond was at 9.62% when I bought it.
These can be purchased easily on the treasury direct website.
Diamond hands!! Gamestonk!
Being invested in index funds and staying the course during a downturn is the opposite of listening to Cramer. Cramer is an entertainer in a clown show.
Many of these posters sound just like their hero (& DairyA$$'s) Jim Cramer telling everyone to sick with Bear Stearns while it was crashing -- the sinking of the Titanic syndrome is ingrained in those with normalcy bias based upon greed and wanting others to go down with the ship, just as they are.
If you've been invested in the last decade you've had a phenomenal return on your investments. The recent downturn is just a small blip and it'll be over before you know it.
Glad I got out of the markets at the beginning of the year. In order to break even this year, using the NASDAQ, you would have to make at least 15% for true inflation and another 28% for the YTD losses. Hope you are making over 40%!
Many mainstream investment advisors and CEOs are now screaming that the bottom is still a long way off and the worst is yet to come. I agree that this long overdue recession is going to be global & worse than anything we have seen since the 1930s. If you are not invested in tangible/real assets then you will likely never be able to retire.
But hey, go ahead and keep rolling the dice in the giant Ponzi casino! However, always remember that the Big Boys who own the House are rarely the ones that lose...
Keep investing. Just do not buy our stock.
@ato you remind me of my colleague who has tried to time the market so much that he'll be working until he's 80.
Come on, you know how the stock market works. The return on my 401k (all s&p500) has been 32%, 18%, and 29% for the last 3 previous years. It couldn't go on like that forever. No reason to get depressed it's just gambling. Look how much your 401k has grown over time.
get out on the next rally and put your funds in the most conservative funds or cash equivalents Keep investing however. Things are about to get much scarier.
Stay the course and keep investing. Hopefully you don't have any HON stock, you should be invested in S&P 500 index funds.