Black swans and butterflies...
9 replies (most recent on top)
The Dow Jones Index is down 12.67% since 1 January 2022. Covid 19 ramping up in China, Russia invasion of Ukraine, and worldwide inflation are the root causes.
There is no magic wand that a financial advisor in their portfolio to avoid the inevitable.
A financial advisor can only minimize the risk of your portfolio shrinking more than the Dow Jones Index in the short term. They should also have cash in your portfolio to buy stocks at the low end of the curve.
Remember when XOM was selling for $30 a share during the peak of Covid? That was the time to buy-buy-buy.
For All of you in Annandale make sure your advisor has an exit strategy…still gets the 1% when your down. Porsche $$$$$
Buying what I like if it's on sale and will keep buying through 2022.
My 401K is about 5% XOM. I moved all the match funds some time ago.
Is it practical to bounce back into XOM for a few thousand shares just before the dividend tally date and then jump back out immediately after dividend?
Almost a dollar a share dividend this quarter.
Of course, could get back to it's rational share price ($75) over a couple weeks.
Just looking for some extra grease, me.
Keep investing. Be in it for the long haul and not the quick ki-l. Remember: Pigs get fat, hogs get slaughtered!
@1uyd+1gEXK1wr -- You'll know who they are. They'll be back as contractors shortly.
https://i.redd.it/e25tbafvtfy81.jpg
That sums it up
Another important question … How is 8% inflation affecting the monthly fixed annuity payment that will never see any cost of living or inflation adjustment. unfortunately this reduced monthly payment value will never bounce back. Sorry for those whom took annuity instead of lump sum if they may be losing too much sleep these days with no end in sight to rampant inflation.
its rough but it'll bounce back