Stock Market Crash
Stock Market crash
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Walter Cronkite Remembers the 20th Century: Early Cronkite $0.87 No one is identified with the great events of our times than the distinguished and highly honored Walter Cronkite. Join Walter Cronkite in remembering the early years of the century, from Henry Ford’s Model T to World War I, from the Roaring 20’s and Prohibition to the devastating stock market crash of 1929, from the dust bowl to the years of F.D.R. and the dawn of hope. Using exceptional archival… |
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Splendor In The Grass $24.95 The story of two Kansas high school sweethearts growing up in the late 1920s through the stock market crash of 1929. Bud and Deanie are very much in love, but the pressures of sex in society creates a rift in their relationship. Bud’s father encourages him to leave Deanie to find “another kind of girl” which drives Deanie into madness. She is committed into an institution while Bud reluctantly obe… |
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The Crash of 1929 (The American Experience) In 1929, while the stock market was rising, seemingly without limits, there were few critics. Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions — a “New Era” when everyone could be rich. The Crash of 1929 captures the unbounded optimism of the age and th… |
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1929 Stock Market Crash (Part 1)
Surviving a Stock Market Crash – 5 Tips to Show You How
It is scary when the money you were counting on for retirement, education, or your home is rapidly declining in value. Don’t panic though. Here are some 5 tips to help you survive:
1. People are living longer:
Males that reach the age of 65 nowadays will have a 49% chance of living to 86. Women will have a 49% chance of living to age 89. With that in mind, it’s obvious that you will still need the help of equities (Stocks and stock Mutual Funds) to help you grow your portfolio and keep ahead of taxes and inflation.
Don’t abandon these investments.
2. Rebalance where necessary.
Take a look at your portfolio winners. If you had targeted say 20% in international and it is now 30% of your portfolio. Sell enough to bring it back down to 20% and use that cash to invest in another sector that you don’t own. Remember that you don’t have a realized loss until you sell. Take just enough of a loss to offset the gain that you took above, and then you will pay no tax on the transaction.
3. Diversify.
Don’t have any winners? Then you weren’t diversified enough to begin with. You should have had enough in each asset class (large-cap, mid-cap, small-cap, international, etc.) and each style (growth, value, blend, balanced, etc.) to create an investment plan to reach the return you need with the risk you are comfortable with, and in the time period that you targeted. Believe it or not, there are some mutual funds that have managed to keep their returns higher than the more than 23% loss of the S&P500 Index this year. There are a lot of free resources such as morningstar.com that will give you the data you need to diversify and feel better about your holdings.
4. Make decisions now.
Act now. Don’t look for bottoms. You don’t ever know where the bottom is but you do know that stocks are steadily getting cheaper and there are some fantastic buys out there. You may not have control over the market but you do have control over what you buy and what you sell. Don’t wait.
5. Get a guaranteed income for life.
Along with positions of cash, bonds, and equities, a fixed annuity should play a part in a portfolio of someone close to working part-time or retiring altogether. An annuity is an insurance contract that in return for a lump sum of money gives you a steady fixed stream of income that is guaranteed for your life or the life of you and your spouse. For people who want to spread out their risk, this is an excellent addition to a portfolio. The downside is that you don’t get any inflation protection since the payments remain the same. The upside is that you get an income stream guaranteed by the insurer so you don’t have to worry about managing the money. Of course, you need to make sure the insurer is financially strong enough to be able to pay you throughout the term of the contract.
People like Floyd Odlum made millions during the Great Depression, not by fleeing into cash and bonds but by buying into stocks as the market dropped. His motto during the crash was: “There’s a better chance to make money now than ever before.”
Don’t lose this opportunity to arrange your portfolio to meet your future needs. Follow the five steps above, and you won’t have to worry about what The Stock Market is doing ever again.
About the Author
2008© Fern Alix-LaRocca CFP® All Rights Reserved Interested in more tips to survive this
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Was the Smoot-Hawley Tariff a direct response to the stock market crash of 1929?
Can the Smoot-Hawley Tariff in any way be looked at as a direct political response to the stock market crash of 1929, and if so where may I find sources that prove the fact? If the Smoot-Hawley Tariff was a response to the stock market crash, why were protectionist policies pursued? Is there a reason the US thought protectionist policies would be good for the economy?
No, not directly. There had been a series of tarriffs created in the 1920’s, and Smoot-Hawley was in no small part of that general policy. That, combined with concerns about labor markets in the late 1920’s, resulted the passage of the law in 1930. To a certain degree, the timing was incidental; it would have likely been passed whether there had been a crash or not.
After the Stock Market Crash, however, and the resulting pressure on available capital, probably Hoover saw it as a means of raising revenue that would not directly burden the American economy.
How wrong he was.
Cheers.
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