Now is the time to BUY/ There are lots of bargains to be had right now.
What’s Everyone Doing with Stock Portfolios?
- Thread starter GetX'd
- Start date
My broker called me 2 days before the Dow started dropping. He made some changes that helped greatly. My cash management account rose by 1700 for the month and my IRA only dropped a couple of grand. I'm sure I'm loosing some, but it would have been tremendous if he had not made changes. That's why I have been with the same individual since the 80's.
Mopars & Missiles
Well-Known Member
- Local time
- 10:40 AM
- Joined
- Nov 22, 2010
- Messages
- 2,072
- Reaction score
- 3,276
- Location
- Northern Indiana
I think you're right on both counts, Dow and period of recovery. I misunderstood his post. Thanks!
tnfastback
Well-Known Member
This being an election year will also cause the market to be a roller coaster ride. Still think once people realize the sky isn’t falling it will rise back up again.
- Local time
- 7:40 AM
- Joined
- Nov 22, 2010
- Messages
- 17,328
- Reaction score
- 20,199
- Location
- Muroc Dry Lake Bed
Holding
I finally learned after 2 times.....,
Hold and buy low!
I finally learned after 2 times.....,
Hold and buy low!
Durandal25
Well-Known Member
holding
Buying small positions on the way down, like catching a falling knife. Travel and hospitality stocks are taking a beating; they will rebound eventually.
- Local time
- 9:40 AM
- Joined
- Feb 20, 2012
- Messages
- 59,129
- Reaction score
- 204,278
- Location
- Maskachusetts
- Local time
- 4:40 PM
- Joined
- Oct 16, 2013
- Messages
- 1,448
- Reaction score
- 2,284
- Location
- Kiel Germany (back again)
Holding and buying. There are gonna be some great gains from this. The key is not to panic, just roll with the punches.
Sold everything on the 27th, saved me neer 150 large (as of last night), and it was against my brokers advise. Will be buying back in soon.
As far as people saying hold and don't panic, i never panic, this is just playing around money, but it's still my money and I make my own decisions with it.
As far as people saying hold and don't panic, i never panic, this is just playing around money, but it's still my money and I make my own decisions with it.
Last edited:
If you don't need it now, then it is nothing more than a number written on paper. Hold.
I remember how much money I "lost" in my 401K when the plunge in 2008 happened. Until a few days ago, it had rebounded to much, much more than what is was before. The markets will do that again.
I agree, don't panic sell, because then you likely WILL lose.
I remember how much money I "lost" in my 401K when the plunge in 2008 happened. Until a few days ago, it had rebounded to much, much more than what is was before. The markets will do that again.
I agree, don't panic sell, because then you likely WILL lose.
Slap Stick
Well-Known Member
Hmm....if people are selling, them people are buying.
So if people are buying what is being sold, why does the market keep dropping?
This is being manipulated purposely.
So if people are buying what is being sold, why does the market keep dropping?
This is being manipulated purposely.
69L48Z27
Well-Known Member
They’re all in their communities buy TP and cleaners at the grocery store. Yesterday, traffic around DC and Baltimore was definitely lighter than normal.
Bizzaro-world
Holding......I'll lose some just like back in 2008 but not gonna panic......
BarnFind71RR
Active Member
I hope you realize very soon that the response to this is not a knee-jerk reaction. This will decimate the economy and many people will die. Right now is still the beginning.
Good luck with the antibodies. People can and will catch this more than once.
The economy is fine, stocks are not overpriced, unemployment is low, there is no housing bubble and all indicators point to a quick come back due to all the things that aren't wrong. This is not 2008-09, this is a buy opportunity. Do not sell!!! I sold in 2008-09 four months before the crash because of the one factor that was in your face, the continue increase in housing cost. When a house goes from 89 thousand to a 155 thousand, a starter home, there is a problem. People buying houses, holding a few months, throw a few bucks at it and flipping for 5 to 10 percent gains is nuts. How long can that go on before the market can't take it and people stop. Those that bought high are stuck with a house that will never bring them back their money, check, checkmate. This will pass and if you hold, you'll be fine, if you buy, you'll make money. Just my opinion.
- Local time
- 9:40 AM
- Joined
- Dec 4, 2009
- Messages
- 34,063
- Reaction score
- 41,835
- Location
- Pasadena, Texas
It's too late to sell if you've been holding on.....
Ranger16
Well-Known Member
Holding.
I too have lost a bundle, but no where near what I made since '08.
Much like a rubber ball, what goes up, must come down and what goes down, will bounce back up.
Sell now and a "paper loss" becomes a real loss.
"This too shall pass."
I too have lost a bundle, but no where near what I made since '08.
Much like a rubber ball, what goes up, must come down and what goes down, will bounce back up.
Sell now and a "paper loss" becomes a real loss.
"This too shall pass."
Similar threads
