The market is going to spiral....

[Hell Puppy]

Originally Posted by TheEnforcer

That was a TON of market loss yestersay.. coming back up a bit today...

I'm afraid to total up and see how much I've actually lost.

I'm well diversified and have investments outside of stocks, but it still stings.

We're all doomed to work until we're 70+ it seems.

[miz_wright]

Originally Posted by Hell Puppy

I'm afraid to total up and see how much I've actually lost.

I'm well diversified and have investments outside of stocks, but it still stings.

We're all doomed to work until we're 70+ it seems.

There's a lot of noise about the size of the drops, but frankly, the best thing is NOT to look and total up. If your asset allocation strategy is sound, look at where we were in 2002 vs late 2007: there are easily visible trend lines, and the market is doing what it always has.

[EmporerEJ]

Originally Posted by LizAEBN

There's a lot of noise about the size of the drops, but frankly, the best thing is NOT to look and total up. If your asset allocation strategy is sound, look at where we were in 2002 vs late 2007: there are easily visible trend lines, and the market is doing what it always has.

And remember, you haven't LOST anything, unless you sell now.
If you made wise decisions, they will come back.

[Hell Puppy]

Originally Posted by LizAEBN

There's a lot of noise about the size of the drops, but frankly, the best thing is NOT to look and total up. If your asset allocation strategy is sound, look at where we were in 2002 vs late 2007: there are easily visible trend lines, and the market is doing what it always has.

Yup, I never react even when paper statements come. I rebalance once a year, usually toward the end of the year, so I know what it will do to my taxes. Other than that, I'm buy 'n hold for the most part.

I'll do some short term buys, but those have specific agendas. Like I loaded up on gaming equipment stock after Katrina wiped out all the gulf coast casinos. Made a quick 50% in 6 months as they had two great quarters.

Panic sells only lock in your losses.

[softball]

Originally Posted by Hell Puppy

Yup, I never react even when paper statements come. I rebalance once a year, usually toward the end of the year, so I know what it will do to my taxes. Other than that, I'm buy 'n hold for the most part.

I'll do some short term buys, but those have specific agendas. Like I loaded up on gaming equipment stock after Katrina wiped out all the gulf coast casinos. Made a quick 50% in 6 months as they had two great quarters.

Panic sells only lock in your losses.

Too true. However, it is a great time to move property. Sell low, buy low and wait a couple of years.

[Hell Puppy]

Originally Posted by rhetorical

Too true. However, it is a great time to move property. Sell low, buy low and wait a couple of years.

Oh yeah, I have my eyes out for investment opportunities. I dont mind sitting on property for 5-10 years or more, so would love to grab a couple of rental properties.

I would even look at some businesses, but I'm limiting my scope there to things people HAVE to have. Only a fool would buy a business that sells goods or services that most people would consider a luxury or frivolous right now. Those are the first areas of the family budget that get cut.

[Toby]

Originally Posted by Hell Puppy

Oh yeah, I have my eyes out for investment opportunities....

I'll continue to do what I've been doing for the last several years. Much of my investment dollars have gone to antiques, primarily glassware. That market has been extremely soft for a number of years and is still on a decline. It's a buyers market. Like any other investment, you have to know what you're buying in order to avoid a pig in a poke.

[softball]

Originally Posted by Hell Puppy

Oh yeah, I have my eyes out for investment opportunities. I dont mind sitting on property for 5-10 years or more, so would love to grab a couple of rental properties.

I would even look at some businesses, but I'm limiting my scope there to things people HAVE to have. Only a fool would buy a business that sells goods or services that most people would consider a luxury or frivolous right now. Those are the first areas of the family budget that get cut.

Housing prices around here have dropped significantly. The average price of a house in a decent neighbourhood in June was about 1.3 million dollars for an older small family home. Now you can get the same place for about 900K. The interesting thing is how many houses in the 2 to 3 to 5 million dollar range are on the market at the moment. You would think that those folks wouldn't have to sell in a shit market. However, who knows what evil lurks in the portfolios of men.