Think I've said this before but I'm going to repeat myself again. You should treat paper losses as real losses. You should look at all your positions as state functions (look at it now, and ask yourself if it's going up or down). Cost averaging and this entire idea of realized vs. unrealized are two classical mistakes. DaDakota probably did the right thing. Also I posted this in other thread: So I'm waiting for just around 8k levels before I take my first bite, and my bigger bite anywhere below that. Wait for first signs of capitulation ending! We aren't there yet! I've said this also but again - JPM is already "priced-in" as of today at 40. And that's bad just because this slowdown means nothing is immune... even if you were the financial survivor and acquired some nice equities. JPM, WFC are still good bets (actually WFC had a nice drop as I write) but just something to consider when you're weighing where to put your money vs. some other crazy cheap stocks that actually are more immune to slowdown.
Does this make sense? Factor in just a modest inflation rate over the last 10 years and using 1998 dollars the market is about 4000 pts. lower today than it was in '98. Which means in real dollars whoever is still in has lost about 1/2 their value due to inflation and the current market slide.
Well if you still trust your instincts you should be able to get back into the market at your predicted bottom in about 30 minutes
Stinking market cost me about $1500.00 in gold prices. Should have pulled the trigger early this morning. I sure wish they could stabilize this thing and get a gold dip down around $825
Watching that drop in the DOW over the last 1-1.25 hours was amazing... seriously, this is just nuts. We're seeing drops of 400-500 points on a 9000 DOW in 1 hour where a 400-500 movement in 2 days used to be impressive on a 11000+ DOW.
Yes, but I can write those loses against other capital gains for the last couple of years...so I won't pay jack in taxes this year... Also, I am living on this money.....no income right now...and I can not afford to let it dwindle while others panic.... Just a different situation than most I guess. DD
gettin kinda hectic out here economy is slowing fassst and no businesses can refi their loans and there is a **** load of debt. it's insane how much debt there is when i go thru and look for fundamental values.
Gun sales has gone up.People buying guns to kill themselves or their financial advisor? *not an appropriate joke
More reasons to throttle your broker ... you should have separated your money into at least two piles ... one to live on and one for retirement ... maybe a third for seed capital ... maybe a fourth pile for your kids college savings ... etc The investments in each pile should match the pile's goal and its time horizon. For example, money to live on should have liquid cash equivalents: CDs, treasuries, money markets, etc. A financial advisor worth their salt would have given this advice.
I have been living off the interest and dividends provided by two funds that have been outperforming the market for more than 20 years. I have been perfectly content until people around the world started panicking and stuffing their mattresses with cash. I mean who in their right mind would invest in this market? Everyone is waiting until it finds it's bottom, and rightfully so.... There is value if you are in it for a long term play, but right now, until I get the funding for my company, I am going to go ultra conservative. DD
yeah I saw the 2 prints. they were late reported trades from nasdaq. as you can see now the stock is flat in ah trading.
If I recall something, there was this crazy man in Nebraska that made a couple multi-billion dollar investments a few days ago. Not that he would know anything about investing...
