Who here got out of the market?
I posted last week that I was leaving the market for safer waters. Mon-Wed I was kicking myself. Now I am feeling like it might have been a good idea.
Did anyone else get out?
Did anyone else get out?
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Honestly, it is a mistake to try and get in and out of the market based upon conditions or perceived conditions. Study after study after study shows that if you weather the waves and troughs, you'll always do better than those who try and get in and out based upon conditions.
I leave my money alone when I invest. I do look at companies and make sure that my investments are still sound, but I don't pull money out because we might be in for rough times. Don't forget, just because the market does crummy doesn't mean that a stock you own will follow suit. A good, diversified portfolio will always win out in the end.0 -
vanguard 500 index fund. 0 -
Sound advice - for most people - but I am not most people. I spend a lot of time trying to make intelligent choices with my money. I am up about 60% for the year so far and this latest round could see 40% of that go down the toilette. If I "park" my money for a few months and ride it out, then get back in, I'll either save my 60% gain or go up another 20%.
I really agree that most people should just not even look at their long term money!
I just hate to lose!0 -
quote:Originally posted by slipgate
Sound advice - for most people - but I am not most people. I spend a lot of time trying to make intelligent choices with my money. I am up about 60% for the year so far and this latest round could see 40% of that go down the toilette. If I "park" my money for a few months and ride it out, then get back in, I'll either save my 60% gain or go up another 20%.
I really agree that most people should just not even look at their long term money!
I just hate to lose!
And if you pull out now, remember this -- you have to pay taxes on your capital gains and if you have any losses, you cannot pick up those stocks again for 30 days. In the meantime, while there is volatility when the market goes down, that same volatility also makes some stocks really spike.
Take Chipolte (CMG). I've made a fortune on this stock, especially in the last two weeks. I picked up this baby in IPO and have never looked back. Sure, it has some bad days, but I'm up over 500% in what, a year?0 -
quote:Originally posted by spanielsells
quote:Originally posted by slipgate
Sound advice - for most people - but I am not most people. I spend a lot of time trying to make intelligent choices with my money. I am up about 60% for the year so far and this latest round could see 40% of that go down the toilette. If I "park" my money for a few months and ride it out, then get back in, I'll either save my 60% gain or go up another 20%.
I really agree that most people should just not even look at their long term money!
I just hate to lose!
And if you pull out now, remember this -- you have to pay taxes on your capital gains and if you have any losses, you cannot pick up those stocks again for 30 days. In the meantime, while there is volatility when the market goes down, that same volatility also makes some stocks really spike.
Take Chipolte (CMG). I've made a fortune on this stock, especially in the last two weeks. I picked up this baby in IPO and have never looked back. Sure, it has some bad days, but I'm up over 500% in what, a year?
Nice! But this is my IRA - no tax worries!0 -
I cashed in half my stocks a couple months ago and bought some land in the mountains with a trout stream running through it, an office bldg and a house in town near the University. Stocks can be usefull, but you can't fish in them. 0 -
quote:Originally posted by SuburbanNoize
vanguard 500 index fund.
me too0 -
I am still in!
A couple of years ago, I thinned my individual stock holdings down, and went more the fund route, to avoid the constant watching of the individual companies, but I still own a number of high quality stocks, of which the majority pay decent dividends also.
The market will always rock up, AND down.
Over time though,..........still the best performing investment known!0 -
Haven't even looked at my portfolio in months. If it dumps off big time, then I'll buy something. I don't worry about the day to day stuff. Don't have time to watch it. As long as I'm not using a margin (which I don't) I'll let it ride. Of course I'm in it for the long run. The money I have invested in the market is for my grand-kids education, and I don't have grand-kids....yet. [:(]
Watch the short sellers. [;)]0 -
I bailed a couple of years ago when the Dow hit 11,000 the second time and I got more per share than I had paid for any of it. In some cases a lot more. It is now ticking over a more modest and secure rate of interest. Being a bit older than many here and within three years of retiring, it was the right time for me. I had my shre of stock market thrill rides, and was buying on Black Thursday. Kinda glad that is over, because you worry which part of the cycle it will be in when your time to get out comes. I was smart, but also pretty darn lucky. 0 -
'The market' is just for long-haulers. If you can't afford to wait - then bail.
It's like taking a cab from the airport and jumping out at the first stop light.0 -
I buy every month and only check my percentages at the end of the year.
Last year my average was 18%
This year I, I just checked because of this thread, I am at 14%
It is for my retirement years anyways so Why would I want to sell?0 -
I made my moves Monday night. 0 -
quote:Originally posted by spanielsells
Honestly, it is a mistake to try and get in and out of the market based upon conditions or perceived conditions. Study after study after study shows that if you weather the waves and troughs, you'll always do better than those who try and get in and out based upon conditions.
I leave my money alone when I invest. I do look at companies and make sure that my investments are still sound, but I don't pull money out because we might be in for rough times. Don't forget, just because the market does crummy doesn't mean that a stock you own will follow suit. A good, diversified portfolio will always win out in the end.
+1
hanging tough for now,
my stocks seem to be doing a little better than average0 -
I never got in. I'm heavily invested in 16ga shotgun shells though.
The Company I work for was worth about $1000 a share 3 years ago... now only $550 a share.
When I started it was only $300 a share.0 -
I'm in and I'm in for the long haul.
I've got some very good stocks that I'm invested in. Sure, they took a drop on Monday, but my hits aren't bad hits.
As I've always said, invest in companies that produce tangible assets. Companies that produce, say, "wealth" or other intangible things are useless. When a company has tangible assets, there is always something, such as inventory, that is of value to keep the company valuable.
Of course, the inventory has to be something useful. Investing in a company that produces, say, buggywhips, is a poor idea.
You want to invest in companies that have strong balance sheets and are not typically subjected to seasonal fluctuations. Auto companies fall under this category (they are subject to seasonal fluctuations).
Good, strong companies are still great investments. This is a buying opportunity.0 -
I'm still in.
I took a hit, but not nearly as bad as some.0 -
I will move my money around a bit but will not pull it out just because people are nervous and dumping stocks. In fact, this (or better yet, monday) was the time to get IN if you aren't. Buy low, right?
I'm mainly in mutual funds. Since 1998 I have taken a $39k investment and made enough interest on it to take $40k out and still have $35k left. That's about doubling my money in 10 years, or about 10% average return per year. Probably a bit higher, the compound rates got hit whenever I took money out of it.
I see no reason to draw off on it now that I'm no longer a student and have a job.
Personally I think we're at the bottom. We might bounce around a bit but THERE IS NO PROBLEM WITH THE US ECONOMY!!! There are weaknesses, yes- the banking industry being one- but when you consider that every day THREE TRILLION DOLLARS worth of stuff is traded on Wall Street, suddenly $700 billion in bad loans- accrued over YEARS looks like chump change compared to the greater market.0 -
I just got in a couple weeks ago. My stock is going up today, even though DOW is down. Hoping to double my money when I sell it, next year. 0 -
I think the Stock: "Research in Motion" is one of those worthless stocks that spanielsells was talking about that don't produce anything. Some sheep were excited about it a couple years ago and now it is sinking quick. 0 -
Considering this thread is over a year old, I guess I'm consistent. Have not looked at my portfolio in this latest mess. But I did have #1 son up a couple days ago, and was asking how him and his "girlfriend" were doing, and what "plans" they might be making. [}:)][;)][:D][:D] 0 -
quote:Originally posted by mrseatle
I think the Stock: "Research in Motion" is one of those worthless stocks that spanielsells was talking about that don't produce anything. Some sheep were excited about it a couple years ago and now it is sinking quick.
I thought Research in Motion was responsible for the production the Blackberry0 -
I'm in till about 5 years or so bafore retirement. So that leaves me 10+ years.
I have 50% of my $$$ in stocks and 50% in 100% secure interest bearing accounts. Currently earning 6%.0 -
Yep, old thread, but still relevant!
After I retired in 2006 I decided to stay in for a while longer and when the DOW hit 14,000 I knew I should get out and secure all my gains, but didn't! After watching the DOW sink to 13,000 I knew it was time to get out, secure our gains, and move to safer investments. I sure feel good about that decision right about now!0 -
quote:Originally posted by HobbyGuy
quote:Originally posted by Hunter Mag
I'm in till about 5 years or so bafore retirement. So that leaves me 10+ years.
I have 50% of my $$$ in stocks and 50% in 100% secure interest bearing accounts. Currently earning 6%.
Just curious, where are you currently earning 6%? [:)]
Jim
It's not a bank it's through my 403B fund. Don't ask me why it's called 403B.
Sorry just checked it and no it's 5.5%...was 6% oh a month ago?
TIAA Traditional Annuity...current/1year/3year/5year/10year
Retirement Annuity 5.50% 5.26% 4.76% 4.46% 6.11%0
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