Is this the time to get out of the markets? The advice of experts Warren Buffet and Jack Bogle offers clarity for investors in today’s markets. More than half of the S&P stocks are now in bear territory. Liz Ann Sonders of  Schwab discusses what causes a bear market to turn around. There may be a silver lining in sliding stock prices. Certified financial planner Paul Auslander explains how to trim your losses with tax-loss harvesting.

What Warren Buffet Says To Do When The Markets Are Down — Warren Buffett, Jack Bogle, and financial planners agree: When stocks are down, ‘don’t watch the market closely’. The Oracle of Omaha added that investors who buy “good companies” over time will see results further down the road. “If they’re trying to buy and sell stocks, they’re not going to have very good results,” he said. Read more…

Doom And Gloom: When Will It End? — The Bloomberg consensus of economists’ odds of recession has jumped to 30%, which may not seem high, but it’s nearly double the norm of 17% for a group that generally tends to skew quite optimistic about the economy. Schwab’s chief investment strategist Liz Ann Sonders says there is no perfect signal of when bear markets end. For now, rallies are more likely countertrend, while bouts of weakness are the trend. Read more…

As Stocks Tumble, This Tax Play Offers A Silver Lining — An investment loss poses an opportunity to trim your annual tax bill, via a mechanism called tax-loss harvesting. Here’s the basic premise: You sell an investment that’s in the red, and then use that investment loss to offset earnings on winners — thereby reducing or erasing annual capital-gains taxes. There are a few caveats to consider.   Read more…

 

John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller

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