Dude, you didn't lose a dime until you cashed out. These are long term investments, you need to think long term. Now is the time to increase those 401K and mutual fund contributions, not cash out. Cheaper shares, bigger return when the share price goes back up.
Dude, you didn't lose a dime until you cashed out. These are long term investments, you need to think long term. Now is the time to increase those 401K and mutual fund contributions, not cash out. Cheaper shares, bigger return when the share price goes back up.
Stocks go up and down. If you sold out just because their going down you don't have the stomach for it. Stick to CD's. I look at over the long haul. I've got a good 30 years before I am going to touch mine It's going to take massive swings up and down in that time, I'm not going to bail every time it swings. Keep it balanced and as you get closer to retirement age start winding down out of stocks. I don't have the knowledge, expertise, or the time to learn how to do it so I do rely a lot on my provider. They've done well so far, it re-balances every quarter and winds out of stocks as I get older. I've lost 15% in the last week, big woop. I'm buying more cheaper now.
I'd like to hear one person who is not only criticizing but even attacking him because he's 'selling low' provide evidence proving the market will now not go down further.
Oh, you can't?
Who are they to say he isn't selling before it goes down more? No one knows.
Sure it'll presumably come back eventually. But why ride it down?
It was down 4.3% yesterday; but down 10% the last 10 days. Nice to have sold 'low' earlier?
What?
Then be more careful with your money. If you make so little, how do you even have extra cash to waste on the market?
I'd like to hear one person who is not only criticizing but even attacking him because he's 'selling low' provide evidence proving the market will now not go down further.
Oh, you can't?
Who are they to say he isn't selling before it goes down more? No one knows.
Sure it'll presumably come back eventually. But why ride it down?
It was down 4.3% yesterday; but down 10% the last 10 days. Nice to have sold 'low' earlier?
The first thing they teach you in Econ 101 is that the market is robust. Go back to college. We may be stuck on a plateau for the next 10 years but it will eventually go back up. Long term it's stupid to sell your stocks at their all time low unless you're flipping it into a solid short term investment.
"hand over face"? or "hand over fist"?
and don't worry, OP, you can always sell your witty poems to get by...
What's the story on the OP? I do not spend a lot of time on the forums but whenever I see the OP posting he causes a stir. Is he really 15, an adult who foolishly posts facts about his personal life, a troll ... or a combination of these?
There is no indication anything will get better any time soon. So I think the op made a good move cutting any losses.
My guess is bored loser on summer vacationWhat's the story on the OP? I do not spend a lot of time on the forums but whenever I see the OP posting he causes a stir. Is he really 15, an adult who foolishly posts facts about his personal life, a troll ... or a combination of these?
In the first five minutes today the market is up 133 points. July's employment report came in way better than expected and June's figures were also revised upward.
That is not to say all will be roses, but gloom and doom panic is not justified. A decision made in panic is usually a bad one.
In the first five minutes today the market is up 133 points. July's employment report came in way better than expected and June's figures were also revised upward.
That is not to say all will be roses, but gloom and doom panic is not justified. A decision made in panic is usually a bad one.