1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Grrr.....Should I pull out of the stock market?!?!?!

Discussion in 'BBS Hangout' started by R0ckets03, Jan 17, 2008.

Tags:
  1. R0ckets03

    R0ckets03 Contributing Member

    Joined:
    Nov 11, 1999
    Messages:
    16,326
    Likes Received:
    2,041
    Just invented some money in a couple of mutual funds a month ago and this market is making me jittery. Don't know much about all of this stuff. I just saw the Morning star rating and average 1, 5 and 10 year returns.

    So far have lost about 8 percent of the money I have invested. If my wife finds out I am in for a lecture.

    Should I pull my money out or is this market expected to get better? Told myself I'd be in this for the long term, but ehh....first time is making me nervous.
     
  2. Apollo Creed

    Apollo Creed Contributing Member

    Joined:
    Aug 25, 2001
    Messages:
    4,449
    Likes Received:
    3
    ALWAYS PULL OUT
     
  3. bladeage

    bladeage Contributing Member

    Joined:
    May 3, 2005
    Messages:
    8,908
    Likes Received:
    153
    invented money ay? next you're gonna tell me you invented the internet. wise guy.

    if pulling out is an option, you have to. pulling it out is the only way.
     
  4. rhadamanthus

    rhadamanthus Contributing Member

    Joined:
    Nov 20, 2002
    Messages:
    14,304
    Likes Received:
    596
    I just went 70% money market. Market is way too jittery, and I can see it falling a lot more.

    Thinking about commodities, but I'm wary.
     
  5. Asian Sensation

    Joined:
    Oct 29, 1999
    Messages:
    17,878
    Likes Received:
    6,870
    Don't pull out. Go in balls deep (keep investing).
     
  6. ClutchCityReturns

    ClutchCityReturns Contributing Member

    Joined:
    Apr 26, 2005
    Messages:
    13,320
    Likes Received:
    2,442
    This is why you never invest more than you can afford to lose.
     
  7. Dubious

    Dubious Contributing Member

    Joined:
    Jun 18, 2001
    Messages:
    18,316
    Likes Received:
    5,087
    If the stock market makes you uncomfortable, like it effects the way you sleep, yeah, I'd go ahead and get out. Buying individual bonds (not bond funds) means you will earn a rate of return and get your money back at maturity.

    We are talking about it over in the D&D. The guys I listen to think there will be a rally soon to about 13200 and then the chances of a recessionary drop increase .. like a 30% drop in the Dow.(followed by a bounce back of 10% or so)

    I haven't owned a lot of stocks in a while but the few I own, I'm keeping my finger on the trigger and will bail if we see a rally on a Fed rate drop.

    Everbody has an opinion but I probably am the only person on this board who was substanially in stocks in Oct of 87 and Mar of 2000. I've experienced losses that I still lose sleep over 7 and 20 years later.
     
  8. Ottomaton

    Ottomaton Contributing Member
    Supporting Member

    Joined:
    Feb 14, 2000
    Messages:
    18,141
    Likes Received:
    13,282
    I wouldn't have invested in a fund this late in the cycle, but now that you are in, you should probably stay put for a while. I hope it wasn't a super volitile type fund because that could get ugly. Was it a sector fund? What is the general prospectus?
     
  9. DonkeyMagic

    DonkeyMagic Contributing Member
    Supporting Member

    Joined:
    May 22, 2006
    Messages:
    21,514
    Likes Received:
    3,350
    what kind of fund is it?

    but theoretically, you havent lost any money so long as you dont pull out . i would hang with it a little longer. It will swing up again for a little and when it does THATS when you get out.
     
  10. tulexan

    tulexan Member

    Joined:
    Jul 2, 2007
    Messages:
    1,765
    Likes Received:
    5
    Just hedge your losses with a fund that has a negative beta
     
  11. Dubious

    Dubious Contributing Member

    Joined:
    Jun 18, 2001
    Messages:
    18,316
    Likes Received:
    5,087
    Yeah, the market always recovers. In 1985 it took me till 1994 to get even and in 2000 ..... well I'll never have that much money again, that market was just stupid, it was all NASDQ, the Dow was a quaint afterthought then.


    [​IMG]
     
  12. wakkoman

    wakkoman Contributing Member

    Joined:
    Aug 10, 2003
    Messages:
    2,935
    Likes Received:
    80
    I love people like you who get worried and start to dump off shares

    All I see are GREAT bargains baby!
     
  13. macalu

    macalu Contributing Member

    Joined:
    May 19, 2002
    Messages:
    16,761
    Likes Received:
    635
    can't go wrong with the inknown.
     
  14. WildSweet&Cool

    Joined:
    Jun 22, 2007
    Messages:
    1,768
    Likes Received:
    0
    Buying high and selling low is not the way to make money in the stock market. If the Morningstar ratings for that fund are high, it's probable that it will recover. It's just going to take a while (possibly years).
     
  15. No Worries

    No Worries Contributing Member

    Joined:
    Jun 30, 1999
    Messages:
    29,655
    Likes Received:
    16,484
    Need more info about which funds and what your time horizon is for the money. Are you investing in funds that track financial stocks primarily? Is the money for your retirement 30 years out?
     
  16. macalu

    macalu Contributing Member

    Joined:
    May 19, 2002
    Messages:
    16,761
    Likes Received:
    635
    past performance is not an indicator of future success. i also hope you looked at fees, expenses, and tax implications.

    the only fund that i would truly trust my money in are index funds.
     
  17. MrRolo

    MrRolo Contributing Member

    Joined:
    Nov 22, 2002
    Messages:
    1,248
    Likes Received:
    0
    small cap tech stocks are frustrating right now, there is value all over the place but no interest!!
     
  18. R0ckets03

    R0ckets03 Contributing Member

    Joined:
    Nov 11, 1999
    Messages:
    16,326
    Likes Received:
    2,041
    Fidelity Convertible Securities
    Fidelity International Discovery

    Those are the two funds I have invested in.

    Really think I am going to pull out and just invest in a freakin CD.
     
  19. Plowman

    Plowman Contributing Member
    Supporting Member

    Joined:
    Sep 26, 1999
    Messages:
    12,143
    Likes Received:
    12,973
    Buy bluechips on this pullback now as we're right around support at 12. Barring incident a quick elevator ride over the next year sounds about right.
    ....up to and holding 14 -15.
     
    #19 Plowman, Jan 17, 2008
    Last edited: Jan 17, 2008
  20. ghettocheeze

    ghettocheeze Member

    Joined:
    Jun 9, 2006
    Messages:
    7,325
    Likes Received:
    9,134
    No need to pull out if you know what stocks to buy and which to keep. There is still a ton of money to be made in dozens of industries. My personal advice is to take a hint and research some off shore drilling companies. Plenty of money made in the last 6 months alone. I could go on forever but do your own planning and investment.
     

Share This Page