Replies to post #41847 on A.I.M. Users Bulletin Board (AIMUSERS)

[SFSecurity]

Hi Toofuzzy, Yep, I understand the "smoke pouring out my ears."

I'm not a millionaire yet,... because I only started trying to understand the whole market thing in early 2014, shortly after my mother died and I had to manage two trust accounts. Then I came across AIM because of the book I had bought back in 2002 and never implemented for a variety of reasons. Joined this board in July, 2014 and have been most cautious since then.

The problem I started with is that my mother traded income for declining share values so that all of her positions were in negative territory by up to ~65%, an average of about 35%. That has be almost overcome and the net value of the positions is down only about 8% now and yet the rate of dividend return has declined only about 15%. So, on the whole things are much better and now have a good sized cash pool going forward. But, as CNBC quoted:

Investors are in for a rude awakening about a coming stock market correction — most just don’t know it yet. No one knows when the crash will come or what will cause it — and no one can. But what’s worse for most investors is they have no clue how much they stand to lose when it inevitably happens.

“If you look at the market historically, we have had, on average, a crash about every eight to 10 years, and essentially the average loss is about 42 percent,” said Kendrick Wakeman, CEO of financial technology and investment analytics firm FinMason.

Even Goldman Sachs has been warning about the market for the last couple weeks, saying to expect at least a 10% correction. https://finance.yahoo.com/news/goldman-sachs-downgrades-stocks-143739314.html

So I'm sitting on my hands and looking to see what might be good places to put money into.

Best,

Allen