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post #1 of 7 (permalink) Old 07-13-2008, 11:51 AM Thread Starter
No Cerveza... No Trabajo
 
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Great time to be an investor

Don't like the title (I don't think it is a great time) but he lays it out pretty well in the opening paragraphs.

Quote:
Memo to investors: This is what you get paid for.

Volatility. Stomach-churning drops. Watching your paper wealth evaporate.

Stock market profits aren't free.

Garbage collectors (at least, in non-union towns) know they have to turn up in the morning and pick up people's trash in order to get paid. Piano teachers know they have to teach piano to pay the rent. Shop keepers have to tend to a shop.

Only investors in the stock market expect to be like the lilies of the field. They toil not, neither do they spin. Could Wall Street just send us the checks every month please?

The reality is that investors have to earn their money, through brains and nerves. The brains can mean doing smart things – like buying Apple when it started to turn around. More often they simply not doing dumb things, like buying Pets.com.

The nerves mean not panicking or getting swayed by fear, at the bottom, or greed, at the top.
http://online.wsj.com/article/SB121500722208222939.html
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post #2 of 7 (permalink) Old 07-13-2008, 01:00 PM
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Yeah i wish I wouldn't have maxed out this year's Roth IRA early in the year... I watched the charts on it for several months and went ahead and bought into it... I watched it go up a few dolllars a share on each of my funds, then fall back down to a few dollars less than my buying price...

I guess the only thing I can do is to offset it by buying into something else that's riding pretty low right now.
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post #3 of 7 (permalink) Old 07-13-2008, 02:36 PM
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Like many investors, my personal net worth is down significantly over the past few months.... it was only about 6 months ago that I sat in my advisor's office lsitening to the "don't sell now" routine... that was about 100K ago now, it's too late for sure.

Although my portfolio is very conservative, the volatility of late has got me questioning why I would want to continue this ride if it ever goes back up.

The market will eventually rebound, we'll recoupe some of the evaporated losses, and I'll be plotting an even more conservative approach to allocating my money for the future.

mardyn

R.I.P. James E. Berry 01/03/57-- 01/14/05

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post #4 of 7 (permalink) Old 07-13-2008, 02:50 PM
Moved to dfw mustangs.net
 
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I'm young, so i've maxed my accounts out and will leave them alone regardless of the short term economic situation. High risk is ok with me, for now. Just pray that it does get better before i need the money.
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post #5 of 7 (permalink) Old 07-13-2008, 02:52 PM
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I'm still young enough to take some hits . I am taking extra loose money and trying to invest it in bargains that I find .
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post #6 of 7 (permalink) Old 07-13-2008, 02:53 PM
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Quote:
Originally Posted by mardyn
Like many investors, my personal net worth is down significantly over the past few months.... it was only about 6 months ago that I sat in my advisor's office lsitening to the "don't sell now" routine... that was about 100K ago now, it's too late for sure.

Although my portfolio is very conservative, the volatility of late has got me questioning why I would want to continue this ride if it ever goes back up.

The market will eventually rebound, we'll recoupe some of the evaporated losses, and I'll be plotting an even more conservative approach to allocating my money for the future.

mardyn
Every time I have turned my dad onto something good, his Wachovia "advisor" has shit all over it. Mind you, it doesn't happen often, because I suck at it as a rule lately. Here's two examples:1st was TXU. Some years back, it falls to $14 or so a share. I bought all I could, at $14.5x a share (almost 1000 shares). My dad does the same, through his "advisor", who is vehemenently against it. TXU gets a new CEO, who immediately pulls them from the sinking European market, and-BAM!-they are rolling! The stock is skyrocketing when my dad gets a call from his "advisor" saying, "Guess what? Your son was right! You made $5500!" That bitch had put a "sell" in at $20! I sold ours at over $90 a share.

Same thing with AMR (the first time). $1.20 a share. His guy told him not too, and he didn't. I sold at almost $22.

CHL holder and Conservative...AKA "Domestic Terrorist"
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post #7 of 7 (permalink) Old 07-13-2008, 03:00 PM
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If you sell because your fund or stock has been going down for a while (sell low) and then take the money and buy a fund or stock that has been going up (buy high), you are doing it backwards. You are behind the curve. Study what is happening in the economy now and the future. Don't follow what the market has done in the past. The market is a forward looking instrument.
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