Dow down 1000 points at the open

**rennigade** · 08-24-2015, 06:45 AM

As a long term investor im sure your accounts are waaaay up over the long run. Its been 4 years since we've seen a big drop. Its nothing new and will continue to happen every couple years. Thats the nature of the beast. I actually find it more shocking that people are surprised when this happens.

If anything you can now invest at a discount. Thats the bright side. For those who are close to retirement their portfolios should be diversified enough that these swings should not impact that like the rest of us who are 20+ years out from retirement.

**97guns** · 08-24-2015, 06:46 AM

The world economy is credit based and margin positions are being called in causing the bottom to drop out of all the rigged markets

**creditcardfree** · 08-24-2015, 08:14 AM

It's already back up and now 400 points down. Unless you are selling today it shouldn't be a big deal for long term investments. Or if you want to buy...today might be a good day! I'm thinking my retirement account actually does have an automatic investment going in today.

We have a college account we want to pull from soon, but if it is down this much I may just use cash on hand and withdraw later in the year.

**97guns** · 08-24-2015, 08:26 AM

yes, i forgot to factor in the PPT, even china has em

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**corn18** · 08-24-2015, 04:32 PM

Might be a good time to tax loss harvest if you have been wanting to do that. If you are in a high tax bracket and/or have capital gains this year, this can be quite useful.

"Tax loss harvesting is the practice of selling a security that has experienced a loss. By realizing, or "harvesting" a loss, investors are able to offset taxes on both gains and income. The sold security is replaced by a similar one, maintaining the optimal asset allocation and expected returns."

Dow down 1000 points at the open