Quoted from Deaconblooze:

Alright, so we're contributing to our kid's tax exempt college accounts. I think that's still a reasonable place to put our money, we're 34 with kids at 6 and 3(2). The plan is to put 6k total towards all 3 kids over the next 3 weeks (has to be in by tax time). I figure as much of an averaging as possible over that time would be of benefit, so we're going to put money in 2x per week. The options are limited, but currently I'm planning to put the money into a "aggressive index" plan, hoping to catch the bulk of the growth on rebound.
Anything glaringly bad about that plan?

Quoted from JY64:

Down less than %20 better than the S&P with %10 cash ready to go into play as well as SPY and QQQ puts I am good. You on the other hand have a big ass tax bill for that portfolio you liquidated

Quoted from wolfemaaan:

Yeah this “week” definitely got killed if your were worried about the stock market. A weak person wouldn’t be able to hang. Meanwhile I can’t stop

Quoted from cottonm4:

The government has to be pulling its/their hair out.

Quoted from cottonm4:

Nothing is working.

Quoted from cottonm4:

I thought the market would be up today. I was wrong. But it did have a nice late day recovery. That would suggest that Monday might a a good up day, but the virus is changing faster than all who are trying to chase it with a fix.
I took a look at Boeing's stock chart. Boeing has had its share of problems with the grounding of the 737 Max a year ago. And the recent news suggests Boeing will be able to put the Max back in the air soon. But the virus is a new wrinkle for this company. Airline companies are getting hit hard; Demand is through the floor; Flights are being cut back; Opec can't get a handle on crude prices and wants to cut production but one Opec partner is being difficult. I am enjoying the cheap gas but I hope I am not shooting my self in the foot by saying that.
Boeing is the largest export company in the U.S. and contributes much to the U.S. balance of payments. The airliners are getting hit hard and it look like the losses are going to be huge. If the airlines are not making any money, how will they fund their new plane purchases from Boeing? This virus action could throw the entire airline industry for a loop. And Boeing, IMO, will not escape.
My town is the aircraft town. Spirit makes a large part of the 737 fuselages. Spirit finally had to lay off 2800 people about 6 weeks ago because of the Max grounding and has now been thinking of firing production back up just so the lay offs don't leave town for another job. The layoffs have affected many local small suppliers that also support out local aircraft industry. Boeing makes a lot of jobs in Kansas and all kinds of layoff help and training programs, at state level, are being put in place.
Here is Boeing's 5 year stock chart. It is not looking good for the home team. From a technical chart perspective it is very important that Boeing can hold this price of $255.00.
If the stock breaks that red line going across the chart at $257.00 then the next stop is $ 120.00. The good thing in this chart is this has been a high volume sell off so maybe the weak sellers are out of the way and some strong buyers step on Monday and start buying. If no buyers, look out below.
Here is an article from last year when the Max was grounded to give you all some perspective of how much of the Dow's and S&P 500s action is made up of Boeing.
https://www.cnbc.com/2019/03/11/boeing-alone-will-cost-the-dow-more-than-200-points-as-stock-heads-for-big-decline.html
Here is an article that is a little more recent.
https://www.reuters.com/article/us-boeing-stocks-graphic/dow-heavyweight-boeing-ending-strong-decade-with-whimper-idUSKBN1YL275
[quoted image]
It also has been discussed the that Apple is getting back to work in China. Well, good for China; Good for Apple. But Boeing builds its products in the states and creates a lot of jobs in this country. If this virus continues and knocks the airline industry for a loop, then Boeing will not escape and a lot of jobs will be disappearing for a while.
Y'all have a good weekend.

Quoted from Deaconblooze:

Alright, so we're contributing to our kid's tax exempt college accounts. I think that's still a reasonable place to put our money, we're 34 with kids at 6 and 3(2). The plan is to put 6k total towards all 3 kids over the next 3 weeks (has to be in by tax time). I figure as much of an averaging as possible over that time would be of benefit, so we're going to put money in 2x per week. The options are limited, but currently I'm planning to put the money into a "aggressive index" plan, hoping to catch the bulk of the growth on rebound.
Anything glaringly bad about that plan?

Quoted from Methos:

What does that mean?

Quoted from JY64:

Dude I don't know why you are hear as you did not have the courage to stay in the market so you sold and ran your post from better investments pins vs stock "Nothing in the stock market turns to cash in hand on the same day. You might get digital numbers moved, but it’s not cash in hand. If a dude comes to my house with cash for a pinball machine, it’s instant cash in hand.
I just emptied an account from Fidelity and it’s going to take 2 weeks to get the check. And then I have to cash it"

Quoted from cottonm4:

Taxes were cut. All kinds of regulations were reversed. It did not take a genius to make those things happen. Everything for the last three years has been measured on how well the market was moving and always going up. It was jobs and the markets. It was all easy answers. Everything was great.
And now, in one fell swoop, the markets are not doing so hot. Jobs are going to disappear. And now, there are no easy answers. And the market participants don't trust any of easy answers that have been getting floated around.
At first, the virus did not exist. And then when it existed it was not going to be bad. And now that it is bad, it is too late for any chance at controlling it.

Quoted from wolfemaaan:

I’d sell you some pinball machines for cash but sounds like you’re not going to have any money left after today. Well at least you can get it the $5 remaining same day

Quoted from JY64:

I am fine I am not the one who calls pins investments if you think the market does not effect the value of high end collectables thats funny

Quoted from DBLM:

I personally hit the nuke button today and pulled out. Did this in 2008. Is sucks, but based upon the data that I have this is going to get a lot worse before we rebound. I think the rebound is going to be spectacular, so this is a way to preserve capital now to make up more than my current losses on the recovery. Moves I made the past 2 weeks did limit my downside, so that is a minor win. Good luck to all.

Quoted from JY64:

I am fine I am not the one who calls pins investments if you think the market does not effect the value of high end collectables thats funny

Quoted from DBLM:

I personally hit the nuke button today and pulled out. Did this in 2008. Is sucks, but based upon the data that I have this is going to get a lot worse before we rebound. I think the rebound is going to be spectacular, so this is a way to preserve capital now to make up more than my current losses on the recovery. Moves I made the past 2 weeks did limit my downside, so that is a minor win. Good luck to all.

Quoted from o-din:

As far as trading, I had forgotten one of mom's IRAs was tied up in the market. I'm in charge of that and it was set to annuitize soon, which I don't think you should ever let happen, so I dumped the whole thing a week ago.

Quoted from jackd104:

I don’t follow. All you did was lock in your loss. What’s your strategy from here?

Quoted from DBLM:

I personally hit the nuke button today and pulled out. Did this in 2008. Is sucks, but based upon the data that I have this is going to get a lot worse before we rebound. I think the rebound is going to be spectacular, so this is a way to preserve capital now to make up more than my current losses on the recovery. Moves I made the past 2 weeks did limit my downside, so that is a minor win. Good luck to all.

Quoted from o-din:

Just found out it never got processed. Somebody screwed up. Now there's another battle to fight.

Quoted from BMore-Pinball:

Once the majority of those type of people are out of the market, we can start searching for the bottom
Historically, they usually end up getting out at the worse possible point

Quoted from cottonm4:

If you have a record of giving the sell order you can put the squeeze on.

Quoted from DBLM:

Everybody has their own investment profile. In 2008, we nuked early, rebought near the lows, and rode the market all the way back up. By the point that we got to my exit point, I was up much more significantly than just getting back flat. I have now very significant powder to re-enter where I like, and buying stocks at a great discount to where we are now. This strategy is not for everybody, but is one that my financial team and I came to and I am fine with it. To answer jackd104 point, the strategy is to buy much lower than where I am now, and have better leverage. On paper, it is a loss, but I am betting that I will make more money on the ride back up to offset the loss.
This is not a fear thing at all, to address phil-lee. This is a cold and calculated strategy. In talking with my team and based upon the information that came out today, this epidemic is going to last 8-12 weeks or longer. With businesses shutting down, the market is more than likely going down a factor from here.
Again, everybody's circumstances are different. I am early 40s, so have plenty of time until retirement. I have considerable resources, so when I move in, I can and do so in a big way. I am also an active trader, and pay active attention to the market. My goal is not to time the market for the bottom, but to reenter on the way down and ride it back up.
Good luck to all.

Quoted from Kneissl:

I bought some more today.. we'll see.

Quoted from rai:

Thanks and good luck to all.

Quoted from DBLM:

Everybody has their own investment profile. In 2008, we nuked early, rebought near the lows, and rode the market all the way back up. By the point that we got to my exit point, I was up much more significantly than just getting back flat. I have now very significant powder to re-enter where I like, and buying stocks at a great discount to where we are now. This strategy is not for everybody, but is one that my financial team and I came to and I am fine with it. To answer jackd104 point, the strategy is to buy much lower than where I am now, and have better leverage. On paper, it is a loss, but I am betting that I will make more money on the ride back up to offset the loss.
This is not a fear thing at all, to address phil-lee. This is a cold and calculated strategy. In talking with my team and based upon the information that came out today, this epidemic is going to last 8-12 weeks or longer. With businesses shutting down, the market is more than likely going down a factor from here.
Again, everybody's circumstances are different. I am early 40s, so have plenty of time until retirement. I have considerable resources, so when I move in, I can and do so in a big way. I am also an active trader, and pay active attention to the market. My goal is not to time the market for the bottom, but to reenter on the way down and ride it back up.
Good luck to all.

Quoted from Pinballer67:

Indeed.
I'm 53 and I've never seen anything remotely like this.
Who knows where the bottom is? The Fed slashes rates to near zero and the DOW has its worst day EVER as a response?
I guess there's no value to be found, anywhere.
Welcome to Bizarro Land.

Quoted from DBLM:

I agree with your charts and the comparison. This has been a factor that shapes my thinking. The question that everybody has to ask themselves is where on the chart you think you are right now. My bet and the actions I took today translates into that I think that we still have a long ways to go.

Quoted from DBLM:

Who said I am down 20% or 30%? I am down much less than that. I am betting that the market will go down further as a percentage than my loss. I will rebuy it lower and recoup my loss and then some all the way back to my exit point, and as you said above, when the market goes much higher than I own a shit ton of stock at a much lower price. The alternative is that I ride it down to ride it back to even, and add in buys for dollar cost averaging. My strategy preserves capital now and allows me to recoup all the way back up.
Like I said, different strokes for different folks. I believe the recovery will be a strong one, and this allows me to place much bigger bets when it happens. For now, I am hoping it goes down.