(02-05-2018 05:42 PM)miko33 Wrote:  

(02-05-2018 05:36 PM)Fo Shizzle Wrote:  

(02-05-2018 04:00 PM)Redwingtom Wrote:  Down the most points in history. Over 4.6%

Still a small percentage. Market was overpriced and due for a correction. No biggie to most of us that are in it for the long haul. Those that are gambling in day trading?...well.

I have a good 20+ years to build my 401k... Seeing the DOW drop like it has is pretty awesome. Everyone who knew anything about investing already knew that both stocks and bonds are overpriced due to the higher P/E rations and ultra low interest rates respectively. In a normal, healthy economy a 30 year mortgage should range between 6% - 8% depending on your credit rating.

These current rates are still too low for a healthy economy: https://www.wellsfargo.com/mortgage/rates/

If you are buying stock through a 401K...these plans are buying shares at the same time each month and dollar cost averaging. A down turn is actually good for the long term investor because it allows you to buy shares cheaper. That is the beauty of dollar cost averaging. Generally there are more days when the market is down..than up and so you end up buying on more down days than up days. Warren Buffett has said many times that this is the way most people should invest for retirement.