Post by: Manedwolf on January 22, 2008, 06:41:19 AM
If I wanted to buy right now, it might be stock in the makers of Tums.
Post by: K Frame on January 22, 2008, 06:45:55 AM
Post by: Paddy on January 22, 2008, 06:48:43 AM
Quote
I'm putting the finishing touches on the short list of stocks that I'm going to be buying in the next day or two.
Why buy on the way down? The next 'day or two' may be a long way from the bottom.
Post by: Manedwolf on January 22, 2008, 06:56:20 AM
Post by: K Frame on January 22, 2008, 07:14:01 AM
Operative word...
MAY
Prices MAY stabilize and start going up tomorrow.
Skynet MAY come online and kill us all.
If I could see the frigging future do you think I'd be putting together a list of what's currently a good buy?
Trading in the markets is all about what you're willing to pay for a particular stock, and what you believe it's worth.
It is never, however, a sure thing.
Post by: jefnvk on January 22, 2008, 07:20:17 AM
Post by: Paddy on January 22, 2008, 07:35:50 AM
Encouraging even more debt will only exacerbate the problem. I'm glad I (mostly) got out when I did, although this rampaging inflation and the failing dollar will gobble up my liquidity, too. I need a hedge. Gold? Silver? Euros? What?
Post by: 280plus on January 22, 2008, 08:54:48 AM
Post by: MillCreek on January 22, 2008, 10:15:01 AM
Post by: jnojr on January 22, 2008, 10:17:47 AM
Since January 1st, my retirement plan has lost $ 40,000.
You mean, you've cashed it in?
You only "lose" when you sell. Your contributions now are buying more shares for later.
Post by: charby on January 22, 2008, 10:39:56 AM
Since January 1st, my retirement plan has lost $ 40,000.
You mean, you've cashed it in?
You only "lose" when you sell. Your contributions now are buying more shares for later.
I wish more people thought that way.
I always think, price goes down I can buy more shares, more shares means more dividens.
Post by: El Tejon on January 22, 2008, 11:02:06 AM
Down, down, down you go. I can hardly wait to write that big, fat SEP check on Friday!
Post by: 280plus on January 22, 2008, 11:52:08 AM
Since January 1st, my retirement plan has lost $ 40,000.
I'll help you look for it if I can have half!
Post by: MillCreek on January 22, 2008, 11:54:59 AM
Post by: MillCreek on January 22, 2008, 11:56:55 AM
Quote
You mean, you've cashed it in?
You only "lose" when you sell. Your contributions now are buying more shares for later.
Back in the dot com implosion and subsequent recession in the first quarter of 2001, my retirement plan value went from about $ 310,000 to $ 165,000 without me selling a single share of the balanced funds in which I had invested. I still had the same number of shares, the value per share dropped significantly. It took me five years for my plan value to recover to that level by continuing my usual monthly contribution, employer matching and reinvestment of dividends. 10% of my pre-tax income and 3% employer matching goes into my account every year. So, yes, I consider drops in value as a loss, since if I cashed in my plan at that particular time, there is somewhat of a difference between $ 310,000 and $ 165,000.
It all goes to timing of when you cash in or start to draw from your plan. If the market is tanking at the time, those aren't just paper losses. They are very real.
Post by: K Frame on January 22, 2008, 01:36:10 PM
Since January 1st, my retirement plan has lost $ 40,000.
I wish I were out that little...
Post by: Ben on January 22, 2008, 01:39:15 PM
Post by: charby on January 22, 2008, 01:53:22 PM
-C
Post by: 280plus on January 22, 2008, 01:58:23 PM
Post by: Mabs2 on January 22, 2008, 08:15:53 PM
Buying stock in instant noodles would be great.
Post by: Headless Thompson Gunner on January 22, 2008, 08:40:27 PM
Quote
I'm putting the finishing touches on the short list of stocks that I'm going to be buying in the next day or two.
Why buy on the way down? The next 'day or two' may be a long way from the bottom.
Couple hundred points right now won't matter a hill of beans in 10 years. Dollar cost average your purchases when the market is headed downhill, keep buying when it turns around and heads back up.
Far smarter than trying to chase the returns uphill.
Post by: Headless Thompson Gunner on January 22, 2008, 08:42:43 PM
More phoney baloney antics from the money manipulators. Federal Reserve makes emergency rate cut
Encouraging even more debt will only exacerbate the problem. I'm glad I (mostly) got out when I did, although this rampaging inflation and the failing dollar will gobble up my liquidity, too. I need a hedge. Gold? Silver? Euros? What?
Buy gold, ye sucker. It's a sure thing! Inflation! Oil! Uncertain times! Never been worth zero!Encouraging even more debt will only exacerbate the problem. I'm glad I (mostly) got out when I did, although this rampaging inflation and the failing dollar will gobble up my liquidity, too. I need a hedge. Gold? Silver? Euros? What?
(Don't come whining for my tax dollars to support yourself in retirement after you lose your shirt in the markets.)
Post by: Paddy on January 23, 2008, 02:21:43 PM
More phoney baloney antics from the money manipulators. Federal Reserve makes emergency rate cut
Encouraging even more debt will only exacerbate the problem. I'm glad I (mostly) got out when I did, although this rampaging inflation and the failing dollar will gobble up my liquidity, too. I need a hedge. Gold? Silver? Euros? What?
Buy gold, ye sucker. It's a sure thing! Inflation! Oil! Uncertain times! Never been worth zero!Encouraging even more debt will only exacerbate the problem. I'm glad I (mostly) got out when I did, although this rampaging inflation and the failing dollar will gobble up my liquidity, too. I need a hedge. Gold? Silver? Euros? What?
(Don't come whining for my tax dollars to support yourself in retirement after you lose your shirt in the markets.)
I've got some bad news for you. You'll continue paying taxes for the rest of your life (and no doubt whining about it as long) regardless of my particular fortune or lack thereof.
And if you're referring to MY Social Security benefits (the same Social Security I've been paying for the last 40 years), those benefits aren't reduced by investment income. Only by earned income. So unless I go to work at Walmart (How may I help you?) or something, I get all my money.
Post by: Sergeant Bob on January 23, 2008, 03:35:49 PM
Welcome to WalMart! Bush sucks!
Post by: charby on January 23, 2008, 06:25:46 PM
Wow, I can just see Riley working for Wallyworld as the howdy man......
Welcome to WalMart! Bush sucks!
Welcome to WalMart! Bush sucks!
That is about the funniest thing I read today!
-C
Post by: Scarecrow on January 23, 2008, 09:41:58 PM
Post by: Headless Thompson Gunner on January 24, 2008, 03:04:25 PM
News from the housing market is good, too. The inventories of unsold homes are shrinking, which could mean that the housing mess is beginning to resolve itself. I was kinda hoping it'd stay down for another year at least, give me time to put together a bigger down payment before buying.
And did y'all hear about the fiasco at Societe General? Some crackpot employee cost a French bank $7,000,000,000 by making fake securities transactions. Some are saying this is what's behind the European markets falling so much this week.
Interesting times, no?
Post by: MillCreek on January 24, 2008, 03:22:25 PM
Post by: 280plus on January 24, 2008, 04:38:25 PM
Quote
So much for my bargain hunting. The market is up this week, not down.
LOL,,,yup If you didn't make a decisive move first thing yesterday morning you done missed the boat. I'll tell you what, anybody that bought UTX yesterday morning is might darn happy tonight! It did at least 7% back up since it went down. Lemme go check again... yup, it did 5 and change yesterday, 1.58 today and right now it's up another 1.16% in after hours.
Post by: K Frame on January 24, 2008, 07:44:58 PM
First off, Thompson, mind the language.
Secondly, the market isn't even remotely close to recovering all that it has lost. Bargains are still there, they're just not as sweet as they were at the beginning of the week.
Post by: 280plus on January 25, 2008, 04:58:16 AM
Speaking of Wall St, I was wandering around NYC yesterday. I just love that place. Walked from Penn Station down to the Javits Center. What a town.
Post by: Manedwolf on January 25, 2008, 05:02:06 AM
News from the housing market is good, too. The inventories of unsold homes are shrinking, which could mean that the housing mess is beginning to resolve itself.
Not unless you're reading realtor sites.
Lots of sun-faded and crumbling FOR SALE signs out there.
Post by: charby on January 25, 2008, 11:05:02 AM
"So much for my bargain hunting. The market is up this week, not down."
First off, Thompson, mind the language.
Secondly, the market isn't even remotely close to recovering all that it has lost. Bargains are still there, they're just not as sweet as they were at the beginning of the week.
First off, Thompson, mind the language.
Secondly, the market isn't even remotely close to recovering all that it has lost. Bargains are still there, they're just not as sweet as they were at the beginning of the week.
today's little slip just got me a few extra shares..
Post by: Manedwolf on January 25, 2008, 11:15:39 AM
Post by: Paddy on January 25, 2008, 01:32:36 PM
Post by: charby on January 25, 2008, 06:42:50 PM