There are people that believe the world is ending and are still thinking of getting out because it's only going to get worse. That line of thinking can and will ruin your life.
What’s Everyone Doing with Stock Portfolios?
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44070dart
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Agreed, do not sell. If you pull out those loses you sustain will not rebound with a CD. It's going to take a while to get it back, but there is to much BIG money to allow it to fail. It's difficult to sit back and watch, but we have been there before. I'm nervous, but right now money is the least of my concerns. I have a lot of elderly family.
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Holding and buying up all of the bargains!!! Im in it for the long haul (20 years+), so Im in the cat-bird seat right now 
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If you're holding some good stocks, hold on. If you're wanting to make some money on what you have, check out selling covered calls going out for several months. Just don't do that too close to present price. I did that back in the last crash and did ok. Now if you have stocks that look like they may go belly up, then you have a different problem. Things would have been fine for me in the last crash if it hadn't been for GM.....that still gets my goat.
I still have quite a few years to retire so I just upped my 401K contributions. Buy more while it's low. The recovery will be better.
I bought Thousands of gm stock for almost nothing and sold at just above 8 bucks. I think it went to about 10 bucks and after that we all know what happened.
SDCoronet
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I am mad at myself for not getting out into cash when the news steadily tricked out from china and then other countries – in hindsight it seems it was so damn predictable. I have taken a big hit, but on the flip side I have at least 15 or more years until I retire. I have had a modest but significant amount to cash sitting before all of this, so now I’m looking for the bottom because I would like to buy some Costco and Amazon at bargain prices, hopefully.
Charged440
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Holding, If you sell, you are selling to the people who sold so much they drove down the market full on knowing it will cause a panic that will allow them to buy low.
44070dart
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Yeah, I bought Ford in '09 for a buck something on a whim, and sold it a year later and crushed it. I'll put a few extra bucks back into the market when things cool out a bit. HOLD tight.
YY1
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From the "tanking" thread-
Bought an REIT this morning that is nearly 50% off, and current dividend is 14%
It was already my second largest holding.
PE 6.6
EPS 1.26
Just remember if you buy back what you sold today in less than a year, it's a "wash sale", and you pay what your tax bracket is instead of the 15% capital gains rate.
Bought an REIT this morning that is nearly 50% off, and current dividend is 14%
It was already my second largest holding.
PE 6.6
EPS 1.26
Just remember if you buy back what you sold today in less than a year, it's a "wash sale", and you pay what your tax bracket is instead of the 15% capital gains rate.
Slap Stick
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I don't like stock portfolios....I prefer restomods.....
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I bought some Ford stock too but didn't hold it for all that long but still did ok. Just hope my X doesn't blow it all before she dies. I sure don't want her coming back crying 'please take me back' as I can't stand doing damage to the house by slamming any doors!
I screwed up on GE. When the crash of 08 showed up I was holding Thousands of shares of it at around 50 a share, I can't remember, but that sounds about right. It went to 35, bought a load, went to 28, bought a load, bought at 22, 19, 16, and finally somewhere around 11. I wanted out and was cost averaging to get out. When my cost average got to 19 and some change and it got up to just over that I jumped out as fast as I could. I have never looked at GE again and never chased a stock to the bottom ever again.
YY1
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I got out of GE (am I going to have to look that one up, too) I want to say based on the former CEO.
I don't remember getting hurt.
I think they were selling off a bunch of stuff.
They ain't what they used to be.
I did recently buy a GE washer.
It was the least technologically complex one available.
EDIT-
Held since 02, sold in '17
I think I broke even , but it paid decent while I had it.
I don't remember getting hurt.
I think they were selling off a bunch of stuff.
They ain't what they used to be.
I did recently buy a GE washer.
It was the least technologically complex one available.
EDIT-
Held since 02, sold in '17
I think I broke even , but it paid decent while I had it.
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