S&P down 6.12% to 806.58 - Below the 2001 low - looking for support now - I have now idea where that is.
I have about 13% of my money to invest in the stock market still available.
Remember this adage - "The market teaches you to loose."
We were taught -
Buy and hold
Buy the dips
The stock market is a good investment - over time
A sharp decline means a sharp recovery.
The bear market is wiping away everything we believed in.
It is also wiping away all those advisers. There will be more to replace them - those that say they called this decline.
I feel stupid for buying a new house in 2006.
I feel stupid for buying for averaging into the market starting in May 2006
That is part of the bear market - it takes away your self confidence.
Are you feeling stupid?
I hope you have the ability to sit tight and take the long view - I know it isn't easy.
The above is similar to the thread I started below. But I felt the need to say it. I'm feeling stupid but staying the course.
__________________
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I feel stupid for buying a new house in 2006.
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I sometimes regret not selling my house in 2006 at market highs. I was seriously thinking about it back then, just didn't do it. (I don't feel stupid though)
__________________ 12/31/09 at age 49 - Still on Target!
unexpected correction to sig - Now retired 09/09 not quite yet 49!
had i been brilliant, i would have ignored my accountant's advice about paying cap gains on the (then yet to be) inherited house, sold it right when the bubble peaked (well, right when i saw it going down), invested smartly into the market, and by now lost much of that to the recent crash. i figure that at what i might be able to get for the house today, because i was so stupid, i'm likely ahead about $30k.
had i been only somewhat intelligent, i would have reduced the price of the house after inheriting to about where i have it today when my oh so very smart financial friends told me to back then. so i would have lost 30% (down from peak) on the house sale and then somewhat intelligently invested that only to have lost yet another 30% when the stock market crashed. so on that game, i'm likely ahead over $200k.
apparently i'm not brilliant, i'm not even somewhat intelligent. god takes care of fools like me.
__________________ "off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 5,308
I am completely disgusted with this market and I am getting very close to my bail out number . I know it is stupid to bail out at this point but I have just about had it . This continuous down market is brutal . I've lost about all I can handle . I 've joined Dawg In the head banging .
I am completely disgusted with this market and I am getting very close to my bail out number . I know it is stupid to bail out at this point but I have just about had it . This continuous down market is brutal . I've lost about all I can handle . I 've joined Dawg In the head banging .
I also count myself among the head bangers. To rebalance or not to rebalance? Bigger chunks or small nibbles? GM bailed out or bankrupt? Would a bailout cause a rally? If so, how long lived? CRAPPPPP!!!
Maybe buy some stock in the liquor industry. Sales of Dawg's medicine should be increasing daily.
__________________ "There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.
I am completely disgusted with this market and I am getting very close to my bail out number . I know it is stupid to bail out at this point but I have just about had it . This continuous down market is brutal . I've lost about all I can handle . I 've joined Dawg In the head banging .
Don't do it! Stay away from the light!
Be strong and quit beating yourself up, people. Regrets are useless. I'm not saying you aren't allowed to feel bad, or be upset, that's human nature. But don't make it worse by thinking you could have done something different. Let's wait a year and take a look at our portfolios then.
Be strong and quit beating yourself up, people. Regrets are useless. I'm not saying you aren't allowed to feel bad, or be upset, that's human nature. But don't make it worse by thinking you could have done something different. Let's wait a year and take a look at our portfolios then.
I haven't updated portfiolo prices since sept and won't do it until 12/31 when I computer my year over year net worth.
Thanks for the wise advise.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
Damn right I do. I told myself before I retired, that I would keep a very conservative portfolio. Well the more I read, the more I became convinced that I needed to allocate more to stocks because of my age. So I decided on a 50/50 blend, still conservative by the so called experts. Well If I had gone with my original thoughts, I would still be down, but much less.
This stock market crap is for speculators or if you have a little gambling money to play with. I've got to ride it now with hopes that I recoup it in my golden years. But if it does come back in 5 years or so, I'm out for good.
The offending trolling post has been removed together with responses in case anyone is interested.
__________________ .
Do not rely on the information provided--my posts are not to be taken as legal advice. Needless to say you must consult with your legal representative. I am not responsible for errors. If I offended you with cya I apologize. If I did not, I tried.
Quote:
some trade up in quality stock wise.
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