Dayum.. Is Anyone Else Cashing Out?

[Lee]

The stock market is crapping out all of a sudden, both mom and myself pulled a load of cash out of the markets today when we saw the news, did anyone else pull cash out before it gets any lower?

Regards,

Lee

[Xstr8guy]

UGH! I just got my 401k statements for the last quarter from 2 former employers. And everything went up very nicely. It looks like it's going to go way back down this current quarter.

[LiveTwinksCam]

I just started contributing. I opened a Roth IRA a month ago.:shithitfan:

[chadknowslaw]

Since there is not a clock ticking down to the end of the game, I say don't panic. If you are a long term investor, it will go back up.

[LiveTwinksCam]

You want the market to go up and down. You buy when it is low and sell when it is high.:morning:

[Lee]

You want the market to go up and down. You buy when it is low and sell when it is high.:morning:

Depending on how much you have invested $0.02

Sometimes cashing out is a way to guarantee your money isnt going to devalue, especially if you throw it in to a high interest savings account somewhere, once the market starts moving up again, thats when you start buying again

Regards,

Lee

[chadknowslaw]

True, but knowing when it is "low" [meaning it will start to move upward] or "high" [meaning it will move downward] is the evasive part that makes it hard for most people.

[Xstr8guy]

Since there is not a clock ticking down to the end of the game, I say don't panic.

Um, are you sure? Lol. I've always thought that the stock market was just a house-of-cards. Logically, it just makes ZERO sense to me.

[Lee]

True, but knowing when it is "low" [meaning it will start to move upward] or "high" [meaning it will move downward] is the evasive part that makes it hard for most people.

When the last significant drop happened like this, it was in '82 or '84 and the markets crashed $0.02

Regards,

Lee

[chadknowslaw]

When the last significant drop happened like this, it was in '82 or '84 and the markets crashed $0.02

Regards,

Lee

And then there was a little dip in 1987...

They said the Dow could not break 5000

Then they said it would not break 10000

But to each his own. I have a little diversity, but the largest investments I have are the home I live in, a condo I don't, and then 8 more duplexes I don't live in.

[Chilihost]

ride the wave, think long term!!!

[krunnch]

most people have a surprisingly short attention span when it comes to their own money. those are the suckers that ultimately lose out. I say stay in the game..

What was the question ?

[SPACE GLIDER]

You want the market to go up and down. You buy when it is low and sell when it is high.:morning:

Yeah ... I thought this was the way things were supposed to be.

[Fister]

My prediction for 2007 was a high chance of a down year for stocks, so for this year I have about 2/3 of my portfolio in stocks and 1/3 in a money market account. It takes about 1 1/2 days to move around any 401k funds I have, so the best time to lock in gains is after a nice rise before a market correction (or the start of a bear market). So often after a one-day drop, there is a nice rise the next day, so I just make prediction for an entire year and stick with that. Even with the recent drop, the stock portion of my portfolio is up a nice amount since January 1 :cheerleader:

[Jasun]

If you sell your stocks after they tank, you've lost that money for good.

If you hang on to it and wait for the market to change, you'll most likely get it back.

And no.. Actually, when my favorite stocks like Buffalo Wild Wings took a nose dive, I bought more... it's been a huge money maker for me.