Those old pics are cool!! John should start a thread just for vintage pics before they are gone.
What is your favorite UP ghost story or "haunted" location?
- Thread starter matti
- Start date
I had serious concerns about my investments when Old Joe snuck into the White House. I called my financial advisor with Edward Jones and he said the stock investments were long term. Don't worry. I get it but now I'm afraid to look at the statements because the "bleeding" just doesn't seem to ease up. I'm just wondering how "long term" I can take the losses before I don't have a lot left to even recover and rebuild from. I'm seriously thinking about taking everything and converting it to CD's. Probably an extreme move but a small profit in interest over the years is better than huge losses over the long term. 40 percent vanished on your end? OUCH!
As I said before you own the stock and it’s value goes up and down. Personally I would never take a 40% loss and sell at or the near bottom of the market. Timing the market is impossible so imo take your lumps and in time you will recover. If you don’t have the stomach for equities you probably shouldn’t have invested in stocks. I lived thru Black Monday and 2008 collapse only time I pulled everything was after Lehman went bankrupt and it was the right thing to do had everything federally insured at something like 1 or 2% if even that. Yes I preserved my wealth for a better day but 1-2% growth was extremely painful. I don’t remember exactly when I got back in equities but maybe a year or more after the collapse and made out well. This is NOT 2008 banks are very healthy real estate is still cooking along. What we have is an idiot president and a progressive staff that have no horse sense. Vote them out vote in business people and stocks will come back.
Consider this...You haven't lost a dime until you sell your equities. That's when the bleeding starts.
I remind myself that my money is now buying more shares. I don't know what the market is going to do so I ride it, both up and down. I'm hoping to retire in my early 50s (or at least go do something more "fun" part time!), so this recent drop doesn't make me happy. I haven't checked my retirement accout balance this year and, the ways things are going, I might not check until 2023 sometime.
Exactly
