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lamorinda
Member since 14-Aug-06
74 posts		 11-Aug-10, 05:29 PM (PST)
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"Stock Market Sell-Off Impact"
 
   I am wondering if the market sell-off in common stocks is changing your mongering plans. It is sure changing mine as I am losing $2,000 a day in market value the past 2 days. The current drop looks much worse than prior ones. Any expert advice out there?

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HungTiteWun HungTiteWun rating
Member since 1-Jun-04
212 posts, 2 feedbacks, 4 points		 11-Aug-10, 05:47 PM (PST)
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1. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
   LAST EDITED ON 11-Aug-10 AT 05:48 PM (PST)
 
"Any expert advice out there?"

Every poster on this board thinks they are an expert on just about any topic which arises. Just ask them. In addition, they all consider themsleves great humorists.

You might want to post your question on the financial discussion board. There are some well informed folks there.

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14thandbroadway 14thandbroadway rating
Member since 2-Aug-10
161 posts, 1 feedbacks, 2 points		 11-Aug-10, 08:28 PM (PST)
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2. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
Appears you are in need of sound investment advice.

http://forum.myredbook.com/forum/DCForumID80

Or perhaps consider diversifying your portfolio. Gold is always a good option and hedge against inflation and an unstable market.

http://www.blanchardonline.com/

Anyone need two left-footed shoes?

broadway

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johnclayton johnclayton rating
Member since 19-Jan-05
1349 posts, 28 feedbacks, 51 points		 12-Aug-10, 09:43 AM (PST)
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8. "RE: Stock Market Sell-Off Impact"
In response to message #2
 
>Appears you are in need of sound investment advice.

Has already been covered in this thread:
http://forum.myredbook.com/dcforum2/DCForumID19/44314.html

just do what this guy did.


"Tell your sister to come down quick..."

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The7thStorehouse The7thStorehouse rating
Member since 9-Jan-04
808 posts, 17 feedbacks, 34 points		 11-Aug-10, 10:50 PM (PST)
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3. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
   Wall Street is rigged...don't you know? No electronic trader can beat the market. When electronic trading came on the scene, brokers hated it. Now the only way the BIG BOYS can make money is by screwing the little people on their computers. They short stocks while you have no choice but to go long.

My advice is to never invest money in the stock market. Stock is paper...worthless. Put it in something you can use, like a house. You can always rent the house out and have steady income. Just don't fret about housing values coming down. If you have no plans to sell, then prices going up or down are irrelevant.

Most people have their money in checking/savings accounts or CD's. They pay little to no interest, but the money is safe. And they rely on their jobs to make money. Wall Street is a casino and everybody knows that. You win every now and then, but you lose much more often. Not worth wasting hard-earned money to feed the fat cats.

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Lefeu Lefeu rating
Member since 27-Nov-08
631 posts, 11 feedbacks, 22 points		 11-Aug-10, 11:17 PM (PST)
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4. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
   > The current drop looks much worse than prior ones.

Sorry, but that is not the case at all. Do you recall the Fall of 2008? There were some serious drops then. In reality, nobody knows what the hell the market will do in the next few years. You need to insulate your mongering budget from the market.

As someone said, if you cannot sleep at night get out of the market. I would say if it affects your mongering budget, maybe you should find a solution.

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PaulDurham
Member since 25-Apr-05
97 posts		 11-Aug-10, 11:30 PM (PST)
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5. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
   My advice is to ignore the market. Unless you need to sell equities to raise cash *today*, the current trading price is irrelevant to you. Put another way, you still have the same number of shares no matter what the current price is. You save yourself a lot of emotional ups and downs if you ignore the market and focus your energy on the parts of your life under your control.

Or are you selling stock each day to pay for your expensive hobby? Because that'd be a little crazy.

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Number2
Charter Member
48 posts		 12-Aug-10, 01:24 AM (PST)
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6. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
   Own the accidentally high yielders and hobby every quarter you get the dividend check.

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Argo
Member since 8-Nov-02
1928 posts		 12-Aug-10, 03:54 AM (PST)
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7. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
Nothing like a good session to take your mind off losing money, except at that moment you pay the provider.

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DaiLun DaiLun rating
Charter Member
1518 posts, 16 feedbacks, 26 points		 12-Aug-10, 10:51 AM (PST)
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9. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
   Eliminating all of the snarkiness.

In short, no, it doesn't change my plans.

DaiLun

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zambi zambi rating
Member since 4-Apr-03
872 posts, 9 feedbacks, 16 points		 15-Aug-10, 11:20 PM (PST)
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10. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
  
I bought in when the DOW 8,000 and I still in for the long term. There is a TON of money sitting on the sidelines. I'm talking trillions. Eventually that money has to come back into stocks. The DOW fell from 14,000 so its still down 40%. It may take another 5-10 yrs to come back though. Think like Buffett .. buy when others are in fear and hold long term.

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escort4us escort4us rating
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22100 posts, 73 feedbacks, 94 points		 17-Aug-10, 08:00 PM (PST)
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11. "RE: Stock Market Sell-Off Impact"
In response to message #0
 
>I am wondering if the market sell-off in common stocks is
>changing your mongering plans. It is sure changing mine
>as I am losing $2,000 a day in market value the past 2
>days. The current drop looks much worse than prior ones.
>Any expert advice out there?
---
You aint lost shit, unless you sold...which shouldnt affect any plans for mongering..as that should be from free available cash, not your nest egg.

So..did you lose $, or are you just caught up in the second by second panic of an amateur investor?

Fujiwara tofu rocks!

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