The market tumbles — is this the crash Suze Orman warned about?

Money Wise2021-07-20

The U.S. stock market took a gut-wrenching dive on Monday, but the big worry for investors is what still lies ahead. All three major indexes took a tumble over fears that the delta variant of COVID-19...

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Jimmyboy
2021-07-20
Jimmyboy
Good information. Please like and comment.
- mmcyes:
  Good
- HeatWave:
  yess
MrGreen
2021-07-20
MrGreen
Like pls
Jacqueslim
2021-07-20
Jacqueslim
Wow
MrHuattt
2021-07-20
MrHuattt
Like please
Speedychick
2021-07-20
Speedychick
Like pls
KAHHUAT
2021-07-20
KAHHUAT
Latest
- Speedychick:
  ??
- KAHHUAT:
  Latest
- MrGreen:
  Like back pls

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The Dow Jones Industrial Average suffered its biggest drop of the year, falling 2.1%, while the S&P 500 fell 1.6% and the Nasdaq 1.1%.\nSome analysts are already worried this could be the beginning of a larger correction of 10% to 15% — a crash that personal finance icon Suze Orman has been predicting for months.\nHere’s an explanation of where the concern is coming from and some techniques you can use tokeep your investment portfolio growingeven if the market goes south.\nWhat does Suze Orman think?\nMediapunch/Shutterstock\nSuze Orman has avidly watched the market for decades. She knows ups and downs are to be expected, but what she’s witnessed lately has had her concerned.\n“I don’t like what I see happening in the market right now,” Orman said in a video forCNBCback in April. “The economy has been horrible, but the stock market has been going.”\nAt the time, the Warren Buffett indicator — a measurement of the ratio of the stock market’s total value against U.S. economic output — was already climbing to previously unseen levels.\nWhile investing is as easy now asusing a smartphone app, Orman was confident the runaway bull market wouldn't last.\nShe called out new coronavirus variants as well as investment fads like GameStop as problems to watch — but at the end of the day, she felt it had just been too long since the last crash.\n“This reminds me of 2000 all over again,” Orman said.\nJim Cramer says bring it on\nJim Cramer & TheStreet/YouTube\nWhile many investors are feeling skittish, anotherCNBCmainstay sees no reason to panic just yet.\n\"There’s just so much fear in the market,\"Mad Moneyhost Jim Cramersaid Monday. \"And I just think ... the deaths are not going up that much, so I’m not buying that this is the end of the bull market.\"\nMany of the stocks hit hardest were companies closely tied to the economic recovery — think airlines, cruise lines and manufacturers like Boeing and Caterpillar.\nCramer says he's happy to let the market fall further before scooping up some stocks on sale.\n\"Let it come down ... I think 3% to 5%,\" he says.\nHow to prepare for a crash\nFreedomz / Shutterstock\nOrman has three recommendations for setting up a simple investment strategy to help you successfully navigate any sharp turns in the market.\n1. Buy low\nPart of what upsets Orman so much about the furor over meme stocks like GameStop is it goes completely against the average investor’s interests.\n“All of you have your heads screwed on backwards,” she says. “All you want is for these markets to go up and up and up. What good is that going to do you?”\nShe points out the only extra money most people have goes towardinvesting for retirementin their 401(k) or IRA plans.\nBecause you probably don’t plan to touch that money for decades, the best long-term strategy is to buy low. That way, your dollar will go much further now, leaving plenty of room for growth over the next 20, 30 or 40 years.\n2. Invest on a schedule\nkatjen / Shutterstock\nWhile she prefers to buy low, Orman doesn’t recommend you stop investing completely when the market goes up.\nShe wants casual investors to not get caught up in the daily ups and downs of the market.\nIn fact, cheering for downturns now may be your best bet at getting a larger piece of very profitable investments — like some lucky investors were able to do back in 2007 and 2008.\n“When the market went down, down, down, you could buy things at nothing,” says Orman. “And now look at them 15 years later.”\nShe suggests you set up a dollar-cost averaging strategy, which means you invest your money in equal portions at regular intervals, regardless of the market’s fluctuations.\nThis kind of approach is easy to implement with any of the many investing apps currently available to DIY investors.\nThere are even apps that willautomatically invest your spare changeby rounding up your debit and credit card purchases to the nearest dollar.\n3. Diversify with fractional shares\nTo help weather dips in specific corners of the market, Orman suggests you diversify your investments — balance your portfolio with investments inmany different types of assetsand sectors of the economy.\nOrman particularly recommends fractional-share investing. This approach allows you to buy a slice of a share for a big-name company that you otherwise wouldn’t be able to afford.\nWith the help of apopular stock-trading tool, anyone at any budget can afford the fractional share strategy.\n“The sooner you begin, the more money you will have,” says Orman. “Just don’t stop, and when these markets go down, you should be so happy because your dollars find more shares.”\n“And the more shares you have, the more money you’ll have 20, 40, 50 years from now.”\nWhat else you can do\ngoodluz / Shutterstock\nWhether or not a big crash is around the corner, investors who are still decades out from retirement can make that work for them, Orman said in theCNBC video.\nFirst, prepare for the worst and hope for the best. Since the onset of the pandemic, Orman now recommends everyone have an emergency fund that can cover their expenses for a full year.\nThen, to set yourself up fora comfortable retirement, she suggests you opt for a Roth account, whether that’s a 401(k) or IRA.\nThat will help you avoid paying tax when you take money out of your retirement account because your contributions to a Roth account are made after tax. Traditional IRAs, on the other hand, aren’t taxed when you make contributions, so you’ll end up paying later.\nIf you find you need a little more guidance, working with aprofessional financial adviser, can help point you in the right direction so you can confidently ride out any market volatility.\nWhile everyone else is veering off course or overcorrecting, you’ll be firmly in the driver’s seat with your sunset years planned for.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":178966157,"gmtCreate":1626782648379,"gmtModify":1703765065094,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879","authorIdStr":"3582072891665879"},"htmlText":"Good information. Please like and comment.","listText":"Good information. Please like and comment.","text":"Good information. Please like and 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pls","listText":"Like pls","text":"Like 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please&nbsp;","listText":"Like please&nbsp;","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178961377","repostId":1113159114,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":178985802,"gmtCreate":1626781803306,"gmtModify":1703765053927,"author":{"id":"3575094588078680","authorId":"3575094588078680","name":"Speedychick","avatar":"https://static.tigerbbs.com/ed69043a0d6c1b1f8640dc9f675278b5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575094588078680","authorIdStr":"3575094588078680"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like 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