How do you guys ignore this stuff?

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Tracker968
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How do you guys ignore this stuff?

Post by Tracker968 » Wed Feb 01, 2017 11:41 pm

I am pretty well set with 50/50 allocation at Vanguard. But I keep seeing this stuff:

Trump Stocks Bear Market of 2017 Begins? Shorting the Dow at its Peak!

Market Collapse In 2017?
Urgent Warning For Those 50 And Over...
It’s not if… It’s when the market will crash.

“It’s Going to Get Really, Really Ugly”
“If you don’t prepare now, you’re going to get hurt.”


It's hard not to want to cash out!

aristotelian
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Re: How do you guys ignore this stuff?

Post by aristotelian » Wed Feb 01, 2017 11:45 pm

Just look at the stock chart for 2008. Then look at 2009. A market economy forces businesses to make profits or die. Eventually firms that survive figure out how to make money again, and the market comes back. At least, that is what I tell myself.

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Peter Foley
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Re: How do you guys ignore this stuff?

Post by Peter Foley » Wed Feb 01, 2017 11:49 pm

In the past there were also a number of "personal finance" magazines that came out with "What do do" and "Where to invest" each year. Now it is digital and much more immediate. The answer is the same, have a reasonable plan and stick with it.

Maybe it comes with age - I've seen this so many times before that I have become inured to it and it becomes more of a curiosity than a call to arms.

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Hawaiishrimp
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Re: How do you guys ignore this stuff?

Post by Hawaiishrimp » Wed Feb 01, 2017 11:50 pm

Well, it fluctuates. That's about it. :thumbsdown :thumbsup :thumbsdown :thumbsup :thumbsup :thumbsup :thumbsdown :thumbsdown :thumbsup :thumbsdown :thumbsup :thumbsdown Who knows..
I save and invest my money, so money can make money for me, so I don't have to make money eventually.

Dottie57
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Re: How do you guys ignore this stuff?

Post by Dottie57 » Wed Feb 01, 2017 11:50 pm

After 30 years in 401k investing, i believe the market is resilient. Especially after the financial sector crisis.

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MN-Investor
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Re: How do you guys ignore this stuff?

Post by MN-Investor » Wed Feb 01, 2017 11:51 pm

I always figure that I'm investing in U.S. businesses and U.S. businesses have always found a way to survive. Over time, it's a safe bet. Both Republicans and Democrats want business to succeed, so that's where I'll put my money. Just be a Boglehead, decide on an asset allocation that allows you to sleep at night, and stay the course.
The key to success - Save early, save often, invest well.

young-ish
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Re: How do you guys ignore this stuff?

Post by young-ish » Wed Feb 01, 2017 11:53 pm

Tracker968 wrote:I am pretty well set with 50/50 allocation at Vanguard.....
It's hard not to want to cash out!


Sorry, but if you want to "cash out" after reading a few news headlines then you aren't "well set" with your allocation.

How did you come to your 50/50 portfolio?

Perhaps you can re-read the sources that originally convinced you to choose your allocation.

Nate79
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Re: How do you guys ignore this stuff?

Post by Nate79 » Thu Feb 02, 2017 12:26 am

We must read different news sites because none of the ones I read have sensationalist click bait articles like what you mention.

Wakefield1
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Re: How do you guys ignore this stuff?

Post by Wakefield1 » Thu Feb 02, 2017 12:47 am

BAD NEWS BEARS ! Been around forever.
The market never stops going down. The market never stops going up. So far it goes up a little bit more often than it goes down.

AlohaJoe
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Re: How do you guys ignore this stuff?

Post by AlohaJoe » Thu Feb 02, 2017 1:16 am

Nate79 wrote:We must read different news sites because none of the ones I read have sensationalist click bait articles like what you mention.


Exactly. Stop reading horrible news sites. I've never seen any of those headlines.

DSInvestor
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Re: How do you guys ignore this stuff?

Post by DSInvestor » Thu Feb 02, 2017 1:23 am

Stop watching cable news and financial news.

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Sandtrap
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Re: How do you guys ignore this stuff?

Post by Sandtrap » Thu Feb 02, 2017 1:31 am

I reserve my stress output for 2 foot sidehill putts for birdie on the 18th hole.

Understand that the investment portfolio represents the world economy which is anchored in the prosperity and growth of billions of people. There's a bigger picture, financial and geo=political, etc.
Last edited by Sandtrap on Thu Feb 02, 2017 9:35 am, edited 2 times in total.

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EyeYield
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Re: How do you guys ignore this stuff?

Post by EyeYield » Thu Feb 02, 2017 1:36 am

Business Week - August 12th 1979 "The Death of Equities" How Inflation is Destrying the Stock Market.
It was all over!
Finished!
Until it wasn't.
How do we ignore it?
Discipline.
Oh, and Jack Bogle who has seen a thing or three.
"The stock market is a giant distraction from the business of investing." - Jack Bogle

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Pajamas
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Re: How do you guys ignore this stuff?

Post by Pajamas » Thu Feb 02, 2017 1:42 am

The ones that you are talking about serve a useful purpose by making you think about what could happen so that you don't panic when it does happen. However, if they make you want to cash out or deviate from your plan now, then you should probably avoid them.

I confess that I really enjoy those "giant crash is coming" articles, gold bug columns, and advertorials for investment newsletters. I also like the old doom & gloom inflation books from the 70s and the ones about "how to get rich buying real estate with other people's money," franchising, etc. They are very entertaining and if you think about it, they are true in general if not necessarily in the specific details and timing. Crashes do happen, precious metals do shoot up in value every decade or two, inflation will certainly increase to unusual levels, and people do get rich with real estate.

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stemikger
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Re: How do you guys ignore this stuff?

Post by stemikger » Thu Feb 02, 2017 1:44 am

Financial Porn. Tune it all out.

Listen to the sage advise of John Bogle in this video. Watch it everyday and ignore everything else. Also, don't peek at your portfolio.
https://www.youtube.com/watch?v=k6ra5POdsYg&t=659s

Someone once asked John Bogle how does he stay the course in horrible markets. His answer was: I go back and read my books. I suggest you do the same.

Good Luck
Choose Simplicity ~ Stay the Course!! ~ Press on Regardless!!!

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catdude
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Re: How do you guys ignore this stuff?

Post by catdude » Thu Feb 02, 2017 2:30 am

In my case, I guess it helps to be lazy. I have a fair amount of inertia. I don't want to be bothered checking my investment accounts every day. And I have no interest whatsoever in watching CNBC or reading investing magazines or newsletters. "Set it and forget it" is perfect for me.
catdude | | You know you're getting old when you start looking for a smaller house with a bigger medicine cabinet.

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cinghiale
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Re: How do you guys ignore this stuff?

Post by cinghiale » Thu Feb 02, 2017 4:31 am

In addition to the good advice offered thus far, check out this current thread posted by Larry Swedroe.

Larry both posts and reviews his list of "sure things" as proffered by the experts. Take a look at the track record for 2016:
https://www.bogleheads.org/forum/viewtopic.php?t=209644

And here's the list for 2017:
https://www.bogleheads.org/forum/viewtopic.php?f=10&t=209815&newpost=3219341

Always remember, these people are paid to write financial copy for whatever newspaper, internet site, or blog that employs them. And always remember that no one ever "scoreboards" these screaming headlines, so there's neither accountability nor repercussions for being consistently and spectacularly wrong.

Think of it as "noise."
"We don't see things as they are; we see them as we are." Anais Nin | | "Sometimes the first duty of intelligent men is the restatement of the obvious." George Orwell

livesoft
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Re: How do you guys ignore this stuff?

Post by livesoft » Thu Feb 02, 2017 6:56 am

I have to respond to this thread because my worry is that people read that crap as if it is real news.

If US citizens cannot distinguish between fake news, advertisements, conspiracies, and lies from real facts, then the country will be controlled by high school kids from Romania, the Czech Republic, and Russia. (Hint: do you see the fake news in the previous sentence.)
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bottlecap
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Re: How do you guys ignore this stuff?

Post by bottlecap » Thu Feb 02, 2017 7:27 am

Experience.

Also, I don't watch or read financial outlets any more.

JT

Jack FFR1846
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Re: How do you guys ignore this stuff?

Post by Jack FFR1846 » Thu Feb 02, 2017 7:28 am

Having an IPS to govern what you're doing with your investments really can help.

I watch all the crap on CNN and read Marketwatch and find articles that sound like they've made a logical argument that because of the pfetzer mode and turboencabulator line, the market is about to drop, and drop big. Then I go over to Apmex to see what Canada 1 oz gold maple leafs cost. But all this reading and looking is disconnected from my IPS, so I do nothing with my investments. What? Zombie apocalypse? Maybe I should drive out to Smith & Wesson and buy a bunch of guns and ammo! (then I get my shoes on and drive to work).
Bogle: Smart Beta is stupid

Call_Me_Op
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Re: How do you guys ignore this stuff?

Post by Call_Me_Op » Thu Feb 02, 2017 7:28 am

Tracker968 wrote:It's hard not to want to cash out!


if that's true, then it sounds like you are taking more risk than is consistent with your risk tolerance.
Best regards, -Op | | "In the middle of difficulty lies opportunity." Einstein

Eric76
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Re: How do you guys ignore this stuff?

Post by Eric76 » Thu Feb 02, 2017 7:36 am

If all the financial media, pundits, analysts and experts told the truth: that they don't know what's going to happen or when... there would be no more financial media, pundits, analysts and experts. They are collectively as useful as a screen door on a submarine.

tjgardner
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Re: How do you guys ignore this stuff?

Post by tjgardner » Thu Feb 02, 2017 7:38 am

You will need an equally "reliable" source to inform you when to get back in. :shock:

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fire5soon
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Re: How do you guys ignore this stuff?

Post by fire5soon » Thu Feb 02, 2017 7:45 am

Can you imagine coming out of the 1930's and the Great Depression only to have WWII happen? What we have now is nuthin' 8-)
A man is a success if he gets up in the morning and gets to bed at night, and in between he does what he wants to do. - Bob Dylan

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TomatoTomahto
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Re: How do you guys ignore this stuff?

Post by TomatoTomahto » Thu Feb 02, 2017 7:47 am

I spend my "media time" on The New York Times, The New Yorker, Bogleheads, and College Confidential. If I absolutely need a fix of TV news, which seldom happens, it's the BBC. I don't click on click bait. Less is more.

I feel no more need to read financial news of the financial porn variety than I do to know which Kardashian was dissed by which babydaddy, or which South American berry will make me young and handsome again.

Life is interesting enough just being aware of the facts, real facts (as if there were any other kind, really). I use "interesting" in the manner of the old ChInese curse: "May you live in interesting times."

jf89
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Re: How do you guys ignore this stuff?

Post by jf89 » Thu Feb 02, 2017 7:48 am

I can ignore it, because I know that not even the experts interpret the news correctly. If they can't, how can I expect myself to make the right decision?

Read this article by Larry Swedroe. At the beginning of 2016 he collected all of the "sure things" the financial media was saying about 2016. Especially interesting is the last part about Trump's presidency and all of the "sure things" everyone would have said about the markets had any of them thought his nomination and election were possible.

http://www.etf.com/sections/index-inves ... right-2016

Now after reading that, what are you going to do when you see financial news?
"Save as much as you can, diversify diversify diversify, and you can't go wrong with tech stocks" | -First investing advice I recall from my parents in the 90's (two outta three ain't bad)

Artisan
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Re: How do you guys ignore this stuff?

Post by Artisan » Thu Feb 02, 2017 7:52 am

Realistically you have to look at it from the perspective that it is entertainment. Some of it is true, most is not.

When you get a phone call or an e-mail from a person in Nigeria whose cousin just died and left them $10 million but they need your help to get it from the bank and for your efforts they will split it with you, do you believe that? No.

The purpose of these programs is to make money. Oh, not for you! For them. The television stations through ratings, the "experts" by you buying their publications or the brokers by following their advice.

If any of them really knew what was happening do you honestly think they would tell anyone else?

No. They'd take all their money and invest it according to what they tell you to do and then buy their own island.

It's noise. Ignore it. Most television and print publications are trash.

Enjoy a good book instead. John Bogle has written a couple :)

KlangFool
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Re: How do you guys ignore this stuff?

Post by KlangFool » Thu Feb 02, 2017 8:10 am

OP,

I do not waste my time on those "news" site. If you are interested in real news, check out below:

www.stratfor.com.

KlangFool

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CyclingDuo
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Re: How do you guys ignore this stuff?

Post by CyclingDuo » Thu Feb 02, 2017 8:23 am

fire5soon wrote:Can you imagine coming out of the 1930's and the Great Depression only to have WWII happen? What we have now is nuthin' 8-)


Don't forget what we went through a decade ago, and the pieces that are in place now... :shock:

retiredjg
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Re: How do you guys ignore this stuff?

Post by retiredjg » Thu Feb 02, 2017 8:59 am

Tracker968 wrote:I am pretty well set with 50/50 allocation at Vanguard. But I keep seeing this stuff:

Trump Stocks Bear Market of 2017 Begins? Shorting the Dow at its Peak!

Market Collapse In 2017?
Urgent Warning For Those 50 And Over...
It’s not if… It’s when the market will crash.

“It’s Going to Get Really, Really Ugly”
“If you don’t prepare now, you’re going to get hurt.”


It's hard not to want to cash out!

All of this just becomes background noise if you design your portfolio to be acceptable to you in the bad times. If you have a portfolio you like a lot in the good times and can't tolerate in the bad times, it simply won't last.

Sort of like a marriage.

If all this noise is making you nervous, don't pull out of the market. Adjust your portfolio to something more tolerable to you in the bad times. AND LEAVE IT THERE when the good times return.

BlackStrat
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Re: How do you guys ignore this stuff?

Post by BlackStrat » Thu Feb 02, 2017 9:11 am

Step away....I repeat....STEP AWAY...from Marketwatch!!

mickroark
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Re: How do you guys ignore this stuff?

Post by mickroark » Thu Feb 02, 2017 9:17 am

There are other investment besides stocks and bonds. Diversify!!!!!

Dandy
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Re: How do you guys ignore this stuff?

Post by Dandy » Thu Feb 02, 2017 9:33 am

It is hard to ignore but you really have to or you will drive yourself nuts. A lot depends on your allocation and whether it is really close to your actual risk tolerance. I try to stay focused on economic "facts" e.g. employment, GDP, inflation, interest rates etc. rather than get overly involved with the news and especially the "expert" investment predictors.

We are experiencing political change but there is massive change all around us. Automation, self driving cars/trucks, delivery by drones?, internet companies replacing long standing retailers - good bye Sears hello Amazon, the decline of Malls, the switch to more solar/electric cars, aging population, the scarcity of pensions, how we get our health care, etc. Some positive/some negative but definitely different and changing faster than we mortals are used to. But, no one knows how this will impact investments. Rapid change tends to create fear but when we look back most times changes ended up positive or if they didn't they were eventually modified. Try to focus more on the long view and try to adjust to the fact that change is a fact of life.

When there is an extra measure of uncertainty I tend to become a bit more conservative - nothing major just might have slightly more conservative fixed income e.g. some money in savings vs bond funds. But, it doesn't affect my overall allocation. If the market reacts significantly to the downside I may buy some if it surges I might sell some. I think the mistake some make is making massive changes based on fears or short term views.

Another way to handle this is to put all or a decent amount of your investments in a balanced or all in one fund like Target Date, Life Strategy. That will take some of the focus away from trying to manage and fret over individual fund performance. They tend to smooth out the investment ups and downs and you can watch sports instead of scary investment news and views. :happy

DetroitRick
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Re: How do you guys ignore this stuff?

Post by DetroitRick » Thu Feb 02, 2017 9:42 am

Just remember that this type of financial news is actually like most news - simplistic, overly sensational, and non-actionable. The main purpose is to get "views" (and subscriptions, and to sell stuff), not to impart wisdom.

History, both my own and that portrayed by certain key financial experts, has proven to me that I can safely ignore this stuff. Anything can happen at any time, but if you start to mentally log these predictions, you will soon realize how horribly inaccurate they are. That makes them especially easy to ignore. Of course, if you see enough predictions, some will turn out to be right :D . You just won't usually know in advance which ones will.

But I really think there are at least 2 things that you can do now to reduce the need to pay attention to this noise (although, like many here I do enjoy the humor value of some of this, so I read some of it):
1)spend a significant amount of time in developing the right asset allocation for your circumstances, and
2)do some extensive reading on market history. I really recommend Burton Malkiel's "A Random Walk Down Wall Street" because it gives a timeless and thoughtful perspective on the market history.

So the first suggestion provides some "buffer" against the market, the second gives you real perspective to safely ignore much of the day-to-day chatter.
Rest assured that most of us struggle, or have struggled, with this stuff to one extent or another. But you can get it under control.

Texanbybirth
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Re: How do you guys ignore this stuff?

Post by Texanbybirth » Thu Feb 02, 2017 9:46 am

I've got a demanding job and two kids under two, so when I have a few minutes to read a news article I'm not going to waste that time on a doom and gloom market report. I'm also convinced that stock investing is the only chance I've got at any sort of retirement in a few decades, regardless of the short-term fluctuations.

Those three things have me pretty well inoculated from market naysayers.

bighatnohorse
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Re: How do you guys ignore this stuff?

Post by bighatnohorse » Thu Feb 02, 2017 9:49 am

Those writers are competing for headline space - that's all it is.

Ignore them.

kaudrey
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Re: How do you guys ignore this stuff?

Post by kaudrey » Thu Feb 02, 2017 10:14 am

Nate79 wrote:We must read different news sites because none of the ones I read have sensationalist click bait articles like what you mention.


+1

I haven't seen any of those headlines. I am 80/20, 47 years old, retiring in 10 years.

Stop reading that stuff?

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nisiprius
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Re: How do you guys ignore this stuff?

Post by nisiprius » Thu Feb 02, 2017 10:16 am

Tracker968 wrote:I am pretty well set with 50/50 allocation at Vanguard. But I keep seeing this stuff:

Trump Stocks Bear Market of 2017 Begins? Shorting the Dow at its Peak!

Market Collapse In 2017?
Urgent Warning For Those 50 And Over...
It’s not if… It’s when the market will crash.

“It’s Going to Get Really, Really Ugly”
“If you don’t prepare now, you’re going to get hurt.”


It's hard not to want to cash out!
Indeed. This is why "tune out the noise" is a proverb in this forum.

First of all, if you must pay attention to these things--and, yes, it's impossible to tune them out completely--then always "consider the source." I'm going to Google one of them just to see what the source is, but first I'm going to guess at what I will find. I will find, basically, clickbait--websites that use fear to motivate you to take a peek, so that they can sell ads... or more. In 2017, anyone can put up an impressive-looking website with, let's be realistic, a few months of time and a couple of thousand dollars. Everyone has something that will appeal to them, and most of us have more than one thing. I could sure stand to lose of few pounds, and don't I wish I could do it just by following on weird old trick? Everyone has their weakness... it might be for cute pictures of puppies trying to jump on couches and missing, it might be movie trivia.

And then, of course, there are the big ones: greed and fear.

You can find plenty to worry about even if you limit yourself to more-or-less "real" financial news sources, websites like the Wall Street Journal or Forbes or Marketwatch. And you'll find conflicting views among real experts. But one sure guide to expertise, even if it's unsatisfying, is David H. Freedman's observation that the more confident and certain an expert sounds, the more likely it is that they are wrong. Genuine experts worth reading may be market optimists like Jeremy Siegel or market pessimists like Robert Shiller, but they never scream "short the market at it's peak!" or "Market Collapse in 2017?"

By the way, if you check them out, you'll find that most of the people predicting market collapses in the near future have a track record of predicting market collapses almost literally every year. People sometimes call them "permabears." Their book jackets and websites will say they "predicted the crash of 2008-2009" but won't mention that they also predicted market crashes in 2006, 2007, 2010, 2011...

Oh, I can't resist applying "Beveridge's Law of Headlines" to "Market Collapse in 2017?" The "law" says that, in a headline, if the headline poses a question, the answer is always "no."

So, let me see if I can find the source of one of your quotes, starting at the top and working at the bottom. Here's what I expect to find: a scare site, not associated with anything I recognize as a financial news source, that is clearly advertising things to buy... and possibly has a clear macroeconomic ideology, and quite likely is promoting gold. (Promote the less-mainstream investment by evoking fear of the mainstream investment).

Found it: Nadeem Walayat, Marketoracle.co.uk, "Trump Stocks Bear Market of 2017 Begins? Shorting the Dow at its Peak!"

First test, does Wikipedia know anything about "marketoracle?" No.

Second test, is it a big website? Alexa isn't particularly reliable, but it's something.
U.S rank: marketoracle.co.uk, 62,671
For comparison: whitecoatinvestor.com 28,533 (personal investing website of Jim Dahle, Bogleheadish MD who often posts here)
bogleheads.org, 5,674
wsj.com, 135
forbes.com, 80

It's nothing. It's not a respected or recognized website.

Who is Nadeem Walayat? The site's own bio page says "Nadeem Walayat is the Editor of The Market Oracle; with over 25 years experience of trading derivates and portfilio management."

Gold connection? Check. Maybe the website isn't selling gold directly, but their pitching ad space to companies that do. "We attract customers that are likely to be interested in ads for gold." I Googled a bit and did not find any credentials for him other than being editor of The Market Oracle.

Another indication that this is Amateur Night, notice the numerous small typos and errors in English, similar to what I make myself when I'm writing a Bogleheads post--but this is supposed to be a news website. "...during the life time of the of the bull market?" That's just sloppy and careless. I doubt that Jim Dahle actually pays a copy editor--might be interesting to ask--but he does a better job than that.

This doesn't even rise to the level of "noise" or "investment porn" (Jim Cramer on CNBC). It's just clickbait crap. Some guy with a personal website selling ads. You need to at least begin by tuning that out.
Last edited by nisiprius on Thu Feb 02, 2017 10:33 am, edited 7 times in total.
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DaftInvestor
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Re: How do you guys ignore this stuff?

Post by DaftInvestor » Thu Feb 02, 2017 10:17 am

OP: did you just recently start reading this stuff? The reason I ask is that for me, it is so easy to ignore all this stuff because I've been reading it for so long. Its so easy to just laugh and ignore after many years of seeing all this junk. "If Trump gets elected the entire market will crash and not recover" was one of my favorites from before the election - look where we are now.

dbr
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Re: How do you guys ignore this stuff?

Post by dbr » Thu Feb 02, 2017 10:23 am

Tracker968 wrote:I am pretty well set with 50/50 allocation at Vanguard. But I keep seeing this stuff:

Trump Stocks Bear Market of 2017 Begins? Shorting the Dow at its Peak!

Market Collapse In 2017?
Urgent Warning For Those 50 And Over...
It’s not if… It’s when the market will crash.

“It’s Going to Get Really, Really Ugly”
“If you don’t prepare now, you’re going to get hurt.”


It's hard not to want to cash out!


It's easy to ignore because it is so appallingly stupid.

fantasytensai
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Re: How do you guys ignore this stuff?

Post by fantasytensai » Thu Feb 02, 2017 10:25 am

Get a pillow, wrap it around your head, get into the fetal position, repeat "it's not true" 100 times. Then you will be fine.

2Birds1Stone
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Re: How do you guys ignore this stuff?

Post by 2Birds1Stone » Thu Feb 02, 2017 10:34 am

Tracker968 wrote:I am pretty well set with 50/50 allocation at Vanguard. But I keep seeing this stuff:

Trump Stocks Bear Market of 2017 Begins? Shorting the Dow at its Peak!

Market Collapse In 2017?
Urgent Warning For Those 50 And Over...
It’s not if… It’s when the market will crash.

“It’s Going to Get Really, Really Ugly”
“If you don’t prepare now, you’re going to get hurt.”


It's hard not to want to cash out!


These headlines exist EVERY SINGLE YEAR.

retiredjg
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Re: How do you guys ignore this stuff?

Post by retiredjg » Thu Feb 02, 2017 10:39 am

As usually happens, nisiprius gets to the real heart of the matter.... :D

Clickbait.

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TSquare
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Re: How do you guys ignore this stuff?

Post by TSquare » Thu Feb 02, 2017 10:48 am

When I get antsy I usually log on to bogleheads and look for threads like these.

b.lock
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Re: How do you guys ignore this stuff?

Post by b.lock » Thu Feb 02, 2017 10:53 am

Those headlines and articles are designed to scare you so that you read them. The fact is no one can predict the future, and if they could they'd be making billions in the stock market instead of trying to get you to click on articles about it.

likegarden
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Re: How do you guys ignore this stuff?

Post by likegarden » Thu Feb 02, 2017 10:55 am

Financial news is like political news, it can drive you nuts. I gave up listening to political news last August, was too noisy, and still is.

mmmodem
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Re: How do you guys ignore this stuff?

Post by mmmodem » Thu Feb 02, 2017 10:56 am

I don't ignore it. I read it and it doesn't bother me because my asset allocation is appropriate for my risk level. I think you may not have the optimal portfolio for your risk tolerance.

If all my investments were in a single company, like Apple, then I would have a hard time ignoring the pundits and the news. But my investments are diversified broadly so no bad news in any portion of the market will destitute me. That makes it easy to stay the course. I have no desire to drown out the noise. The stuff interests me.

Kingtriton10
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Re: How do you guys ignore this stuff?

Post by Kingtriton10 » Thu Feb 02, 2017 11:16 am

I don't put a lot of faith into articles that make statements like "this will happen" compared to it is a possibility from this view point. However, I will admit it does keep me up at night sometimes, which means it may be in my best interest to reassess my AA (who really knows). I mean the president himself said the stock market was going to explode lol. I guess its just harder for me because Im just starting out and purchasing shares at such high levels. Its hard because I'm a value shopper. Its still probably best to just stay the cause and benefit from not doing anything drastic.

CULater
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Re: How do you guys ignore this stuff?

Post by CULater » Thu Feb 02, 2017 11:50 am

I figure the worse things sound, the better it is to invest. It's when things look rosy that you need to step away. Hold Nose --> Buy
May you have the hindsight to know where you've been, The foresight to know where you're going, And the insight to know when you've gone too far. ~ Irish Blessing

pkcrafter
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Re: How do you guys ignore this stuff?

Post by pkcrafter » Thu Feb 02, 2017 11:54 am

Tracker wrote:
How do you guys ignore this stuff?

Because we have to. IF you keep jumping every time there is something to worry about, you will decimate your portfolio and your plans.

The news and Wall St. are the one's that pump out this stuff, and they know who the dumb money is and what they will do. The dumb money is us (retail investors) and we sell in panics and of course you have to have someone who will buy and that's the Wall St. pros picking up on a big sale.

Market ups and downs are normal and won't cause a problem unless a downturn happens when you are close to needing the money. I see that you are close to retirement, so you are in the red zone, but your AA is 50/50, so risk exposure is down too. The question you need to ask is what will your needed withdrawal rate be if your portfolio drops by 20-25?

Having said all that, I know how it feels to go from having regular income to depending on what you've saved. I remember feeling like I was suddenly walking a tightrope with no net below, and that was at 40% equity. I will also say it does not take to long before that uncomfortable feeling goes away.

Paul
When times are good, investors tend to forget about risk and focus on opportunity. When times are bad, investors tend to forget about opportunity and focus on risk.

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