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Confidence
Old 08-10-2011, 08:12 PM   #1
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Confidence

A famous line used in the inaugural address of FDR, "There is nothing to fear but fear itself." Let's get a grip America.
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Old 08-10-2011, 08:20 PM   #2
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Remember to say "It's only a paper loss until you sell..It's only a paper loss..It's only a darn paper loss!"
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Old 08-10-2011, 08:44 PM   #3
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A rebalance opportunity!
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Old 08-10-2011, 08:47 PM   #4
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A famous line used in the inaugural address of FDR, "There is nothing to fear but fear itself." Let's get a grip America.
Have you been listening to CNBC?
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Old 08-10-2011, 08:57 PM   #5
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Meh. Grow a pair, whydontcha.
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Old 08-10-2011, 09:22 PM   #6
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I'm switching off the boob tube, too much doom and gloom on both sides of the Atlantic. Time to go golfing and fishing.
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Old 08-11-2011, 06:00 AM   #7
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Well... the stakes are high for people.

I am considering when to rebalance. But I do not want to get cut by the falling knife.

I think many are going to wait until things stabilize.
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Old 08-11-2011, 09:02 AM   #8
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Have you been listening to CNBC?
Remember also, W2R, "It is always darkest before dawn."
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Old 08-11-2011, 09:45 AM   #9
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Meh. Grow a pair, whydontcha.
My thoughts exactly. Stocks go down as well as up. We all knew this when we bought into them.
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Old 08-11-2011, 10:21 AM   #10
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I feel as though my confidence has only been slightly bruised. however, the longer this downturn and volatility last, the grumpier I feel. I'm starting to walk around with a frown and I'm concerned about having to tack a year on to my FIRE plan.
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Old 08-11-2011, 10:58 AM   #11
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Although I will admit that when seeing the title of a recent Jacob post, titled "Make Socks Last" I thought at first that it read "Make Stocks Last", so I guess this market is having at least some sub-conscious effect on me
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Old 08-11-2011, 11:13 AM   #12
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The S&P 500 is lower today than on January 1st, 2000. The market tanked in '02 then recovered until '08 than tanked again and recovered somewhat until tanking again now. I am beginning to think that the market is not a place for long term buy and hold investors as it had been for the latter half of the 1990's. The market is now set up for short term trading (betting) with the expansion of the options markets and short selling. I wish that I could be confident the market will be higher ten years from now then it is today, but I'm not. I am that we have elected officials that are ideological zealots when the people are overwhelming asking for compromise to reduce the debt.
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Old 08-11-2011, 11:16 AM   #13
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@Col. - I think you have made the case for rebalancing every year.
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Old 08-11-2011, 11:52 AM   #14
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@Col. - I think you have made the case for rebalancing every year.
Agreed.

Long term buy and hold is not the same thing as long term buy and hold, and hold, and hold, etc.

I/DW are long term buy/hold, but that never kept us from "harvesting" our gains and either rebalance or in these days of retirement, add the gains to our cash to cover expenses.
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Old 08-11-2011, 12:07 PM   #15
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A famous line used in the inaugural address of FDR, "There is nothing to fear but fear itself." Let's get a grip America.
Yes, but tell that to the quants that trade electronically based on their algorithms. They have no fear or emotion, but it sure affects the rest of us.
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Old 08-11-2011, 01:17 PM   #16
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This morning, I read a short article in the WSJ. It was about average investors. Yesterday one guy was watching his portolio and he saw that Apple had dropped something like 3%, so he sold all his shares. Then he went to a meeting and when he came back, he saw Apple was up 1% for the day, so he bought all his shares back. Duh, is this the average mentality today? No wonder no one has any money.
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Old 08-11-2011, 01:41 PM   #17
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At work, the plan that I contribute to has a general savings account that you can use and the interest is guaranteed to never go below 3%. Or you can put your money in the market, bonds or mutual funds. I took mine out of equities and mutual funds a couple of weeks ago and put it all in the 3% savings. I figure that is better I can expect elsewhere right now, and I just can't stand to lose so much money like I did last time. I guess I'm more of a chicken that others here.
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Old 08-11-2011, 02:05 PM   #18
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At work, the plan that I contribute to has a general savings account that you can use and the interest is guaranteed to never go below 3%. Or you can put your money in the market, bonds or mutual funds. I took mine out of equities and mutual funds a couple of weeks ago and put it all in the 3% savings. I figure that is better I can expect elsewhere right now, and I just can't stand to lose so much money like I did last time. I guess I'm more of a chicken that others here.
Are you sure about that gaurantee? We had something similar, but the interest rate changed from time to time, so you had to watch it.
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Old 08-11-2011, 02:37 PM   #19
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Are you sure about that gaurantee? We had something similar, but the interest rate changed from time to time, so you had to watch it.
If it is issued by an insurer, some accounts like those have guaranteed yearly renewable rates..........
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Old 08-11-2011, 04:03 PM   #20
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Time to go golfing and fishing.
Excellent idea! Also, two good opportunities to drink...
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