Fingon Posted March 23, 2009 Posted March 23, 2009 I guess that's nice... but who uses index funds, anyway?
Chef Jim Posted March 23, 2009 Author Posted March 23, 2009 I guess that's nice... but who uses index funds, anyway? Who's talking about index funds? I'm just talking about cash vs equities at this point.
The Poojer Posted March 23, 2009 Posted March 23, 2009 good thing i am just flat broke....none of this stuff impacts me How are you feeling now?
John Adams Posted March 24, 2009 Posted March 24, 2009 good thing i am just flat broke....none of this stuff impacts me Today, King of All Blacks said the only market he invests in is Shoprite.
Pete Posted March 24, 2009 Posted March 24, 2009 Great, that I didn't lose 85% to gain back 19% Well stated. I was going to post the same thing
HopsGuy Posted March 24, 2009 Posted March 24, 2009 Sitting in cash makes my back hurt. But I'm stuck sitting in cash because my furniture was part of a bonus my TARP-recipient company gave me and well, you know all about why I had to sell that.
dpbillsfan Posted March 24, 2009 Posted March 24, 2009 I did move some cash back into stocks when the Dow was around 6,400 in my 401. I wish I'd moved into cash in my IRA, but another couple months of this and I'll be right back in the game.
Chef Jim Posted March 24, 2009 Author Posted March 24, 2009 Great, that I didn't lose 85% to gain back 19% If you lost 85% to begin with you'd better stay in cash for the rest of your investing life. But the problem with people timing the market is that they wait to lose that 50% and then bail. They go to cash and realize that 50% loss and miss out on weeks like the past two. See dpbillsfan above. It's a long race.
thebug Posted March 24, 2009 Posted March 24, 2009 If you lost 85% to begin with you'd better stay in cash for the rest of your investing life. But the problem with people timing the market is that they wait to lose that 50% and then bail. They go to cash and realize that 50% loss and miss out on weeks like the past two. See dpbillsfan above. It's a long race. I understand, it's all about when you went to cash that matters. The thing is people who play the market are just like people who play the ponies, they like to talk about it when their number comes through, but they fail to mention all the ones that didn't.
Dwight Drane Posted March 24, 2009 Posted March 24, 2009 How are you feeling now? http://finance.yahoo.com/q/bc?t=1y&s=S...p;q=l&c=gld
Corp000085 Posted March 24, 2009 Posted March 24, 2009 Those of us who haven't fretted too much about losing 30% since last summer and have no interest in moving out of the market will laugh at this in 10 years...
buckeyemike Posted March 24, 2009 Posted March 24, 2009 Those of us who haven't fretted too much about losing 30% since last summer and have no interest in moving out of the market will laugh at this in 10 years... This is true. Remember that there is no 20 year period in American history where stocks have lost money.
KD in CA Posted March 24, 2009 Posted March 24, 2009 How are you feeling now? Good! I was primarily in cash since last summer, finally jumped in a few weeks ago before we hit bottom, so most of this rally gets me back to even and then into the positive. I'm very happy with a net gain over the past 12 months. But grabbing GE at 7 was the best (and easiest) decision I made. Not buying more of it was the worst.
BuffaloBill Posted March 24, 2009 Posted March 24, 2009 If you lost 85% to begin with you'd better stay in cash for the rest of your investing life. But the problem with people timing the market is that they wait to lose that 50% and then bail. They go to cash and realize that 50% loss and miss out on weeks like the past two. See dpbillsfan above. It's a long race. Good thoughts - I really do not care about "timing the market" or a particular stock for that matter. I have a process that I follow and use. Generally speaking when I have followed my process I make money when I don't I have lost money. I believe the "trick" to all of this is to have a system or methodology where you try to take as much emotion out tof the process as you can. To your point, if you are "hanging on" then you have too much of an emotional stake and you are not being objective. Yesterday's market move was not as healthy as some would like to believe as volume was relatively soft and people are rightfully bottom feeding. We are a long ways away from being back to the running of the bulls.
PastaJoe Posted March 24, 2009 Posted March 24, 2009 I just bought 200 more shares of GE stock last week with some of my tax return, and it's already up about 3% over what I paid.
HopsGuy Posted March 24, 2009 Posted March 24, 2009 This is true. Remember that there is no 20 year period in American history where stocks have lost money. And housing prices having always gone up... Book
Magox Posted March 24, 2009 Posted March 24, 2009 Good! I was primarily in cash since last summer, finally jumped in a few weeks ago before we hit bottom, so most of this rally gets me back to even and then into the positive. I'm very happy with a net gain over the past 12 months. But grabbing GE at 7 was the best (and easiest) decision I made. Not buying more of it was the worst. you better sell as the S&P closes in on 900. This rally has a little bit of legs to it, but it is just a technical rally in a very oversold market. It was due to bounce, specially with the false euphoria that we are experiencing right now. S&P with in 3 months will back to at least the 740 area and if it breaks that. LOOK OUT BELOW!!
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