Stock market
- Thread starter hank
- Start date
BADZXELEVEN
Registered
I've lost over $16,000 in one month, on paper.
I'm not too worried right now. If and when the prices come back up, sp will me $$$ figures.
I have quite a ways to go before cashing anything in anyway.
Wish me luck.
I'm not too worried right now. If and when the prices come back up, sp will me $$$ figures.
I have quite a ways to go before cashing anything in anyway.
Wish me luck.
Lost about 50% of my investment, but i'm young enough where i should regain it over time. But i'm still buying because the stock prices are so low for some stocks that if you have time on your side you could make a mint in the long run, if you chose carefully.
One thing to remember is that the stock market has to eventually regroup. The world economy cannot afford or allow the American market to crash, since most world markets are tied to or invested in it. If it crashes it will most likely mean the end of the cash/$ economy and therefore there would have to be a new means for doing buisnes. Which would also mean the cash money in itself not matter where it is would be worthless. So i'll continue to invest wisely. As well as make additional payments on my mortgage.
One thing to remember is that the stock market has to eventually regroup. The world economy cannot afford or allow the American market to crash, since most world markets are tied to or invested in it. If it crashes it will most likely mean the end of the cash/$ economy and therefore there would have to be a new means for doing buisnes. Which would also mean the cash money in itself not matter where it is would be worthless. So i'll continue to invest wisely. As well as make additional payments on my mortgage.
And 6 years later ....nothing has changed .
About 18 - 24 months ago, I stuck everything into cash and real estate so I haven't lost a freakin' dime. Except to higher gas prices, that is. Also, a small amount to inflation but not a lot.
Wish I'd bought some Exxon/Mobil stock, though! Dang!
I think the most important thing to remember is that when you have a significant chunk of change saved up, you have to spend time managing it. That includes your 401(k) and 403(b) and other deferral plans, folks. If you stick your head in the sand and fail to manage your money, you're just begging to get bent over and IF the market is nice, it MIGHT use a dab of vaseline on you. Still keep putting money in those plans more than ever but keep an eye on them, especially now! Do your homework and learn how to do it.
Whether they put the time into their investments or not, many people fail to have a SELL strategy. Yep. A sell strategy. It's fine to look at a group of stocks and decide to buy the ones you think are going to do well. How do you determine AT THAT MOMENT, when you're going to sell? Or are you emotionally involved in the stocks and mutual funds you buy to let them go when they start to turn you over?
Day trading is starting to look very attractive again. When you have wide swings in stock prices, day trading can be quite lucrative if you can tolerate the stresses of it! Again, you do have to know what you're doing.
The stock market can be fun and exciting, even when there is unrest as there is now.
As Dezzy mentioned above, there are some REAL deals to be had out there. I don't normally suggest that you try to "market time" your stock buys (averaging out is usually best) but keep your eyes peeled daily and if the market is tanking on a particular day, you could easily scoop up some awesome deals.
Have fun out in the jungle!
--Wag--
Wish I'd bought some Exxon/Mobil stock, though! Dang!
I think the most important thing to remember is that when you have a significant chunk of change saved up, you have to spend time managing it. That includes your 401(k) and 403(b) and other deferral plans, folks. If you stick your head in the sand and fail to manage your money, you're just begging to get bent over and IF the market is nice, it MIGHT use a dab of vaseline on you. Still keep putting money in those plans more than ever but keep an eye on them, especially now! Do your homework and learn how to do it.
Whether they put the time into their investments or not, many people fail to have a SELL strategy. Yep. A sell strategy. It's fine to look at a group of stocks and decide to buy the ones you think are going to do well. How do you determine AT THAT MOMENT, when you're going to sell? Or are you emotionally involved in the stocks and mutual funds you buy to let them go when they start to turn you over?
Day trading is starting to look very attractive again. When you have wide swings in stock prices, day trading can be quite lucrative if you can tolerate the stresses of it! Again, you do have to know what you're doing.
The stock market can be fun and exciting, even when there is unrest as there is now.
As Dezzy mentioned above, there are some REAL deals to be had out there. I don't normally suggest that you try to "market time" your stock buys (averaging out is usually best) but keep your eyes peeled daily and if the market is tanking on a particular day, you could easily scoop up some awesome deals.
Have fun out in the jungle!
--Wag--
Moved most of mine into foreign markets like Bmw, and BlackRock. I'm not doing as bad as some but I'm not ready to retire yet. So I still have time, it will come back.
We did that 6 years ago, but real estate values, especially rental houses, have taken a hit, so patience is key there too. Ny 401 on the other hand has been a sink hole for the last 8 months. Let's knock our heels together....there's no recession...there's no recession....there's no recession...
Now is the time to buy, alot of good solid stocks are at 3 - 5 year lows, Buy and be patient. The prices will recover in 2 - 5 years. But you will not see the potential gains if you dont buy when the stock market is running on scared money. Just remember buying stocks is not for the short term!
Recall the principle of, "You make your money when you buy, not when you sell."
Real estate can still be good in some pockets but moving out of a bad pocket to a good one can be traumatic. However, RE is one of the best recovering assets out there.
Stocks are still generally a good idea, though. There are plenty of deals to be had if you know what to look for (namely, is the company making money or not?)
--Wag--
Real estate can still be good in some pockets but moving out of a bad pocket to a good one can be traumatic. However, RE is one of the best recovering assets out there.
Stocks are still generally a good idea, though. There are plenty of deals to be had if you know what to look for (namely, is the company making money or not?)
--Wag--
sold all my WAG at $48.90, got out of the market (except for a couple very speculative stocks like KRY) in October and have started buying back in the last couple weeks...i love a good correction every once in a while since it gives me a chance to get out, sit on the sidelines for a little bit, and get back in with a lot more buying power without having to do anything
what gripes my butt is people like some of my family members who love to watch their totals go up but complain when they lose their shirt the next year...they won't take the time to do a little research and prepare for their own future...they want someone else to take their money, magically multiply it overnight, and make them wealthy...thanks anyway, but i think i care about my money a whole lot more than anyone else
sorry for the rant but i just had to listen to my Mom complain about her retirement savings losing value...i told her and my Dad last fall that they needed to get their money into a stable fund, Dad listened but Mom didn't...i spend a minimum of 10 hours a week when the market is running smooth and much more when it is choppy so i will hopefully be able to retire one of these days...nothing in this world is free! if i want better returns, i have to invest my time
what gripes my butt is people like some of my family members who love to watch their totals go up but complain when they lose their shirt the next year...they won't take the time to do a little research and prepare for their own future...they want someone else to take their money, magically multiply it overnight, and make them wealthy...thanks anyway, but i think i care about my money a whole lot more than anyone else
sorry for the rant but i just had to listen to my Mom complain about her retirement savings losing value...i told her and my Dad last fall that they needed to get their money into a stable fund, Dad listened but Mom didn't...i spend a minimum of 10 hours a week when the market is running smooth and much more when it is choppy so i will hopefully be able to retire one of these days...nothing in this world is free! if i want better returns, i have to invest my time
