Helena
Full time employment: Posting here.
- Joined
- Aug 27, 2006
- Messages
- 994
So you've told us...and told us...and told us.
Yup... I've been singing the virtues of the no debt/cash position
for well over a year. Too bad so many are tone deaf.
So you've told us...and told us...and told us.
Yup... I've been singing the virtues of the no debt/cash position
for well over a year. Too bad so many are tone deaf.
I put in another category of "I made money". Sounds like that's ok with you.
OK. How about this to alleviate your pain?
Actual dollar figure: $1B. Percentage: 95%. Do we all feel better now?
Well after the country goes bankrupt and the dollar becomes worthless, we will all be sharing our total loss in a new poll.
Some people lost more than a million? Wow, how many times did you throw up? Then again, with a 40% drop, that only takes a 3 million dollar portfolio...but man, that sucks.
Well after the country goes bankrupt and the dollar becomes worthless,
we will all be sharing our total loss in a new poll.
To Helena,
In 2000, there are many millionaires owning stocks of Enron, Global Crossing, and countless other stocks. Granted, the dollar is not going to zero like the above companies - I sure hope not. But, please see my post above. The fat lady has not sung, and when she does, she does for each of us individually. If I had been 100% in cash, I would not make a "victory lap". The race has simply not ended.
I wasn't in this forum, when people probably picked on you for going 100% cash. I would not make fun of you, as they did. I think people tend to forget that we come here to exchange ideas, and for me, to also tell some jokes to cheer people up. No matter what other people chose to do with their money, I respect their decision. It's their money after all, no?
Those in 100% cash need to keep more than dollars. Better to diversify to also hold euros, canadian and australian dollars, Swiss Franc, etc... I wonder how many of them are doing that.
Those in 100% cash need to keep more than dollars. Better to diversify to also hold euros, canadian and australian dollars, Swiss Franc, etc... I wonder how many of them are doing that.
I guess being young has hurt me. Since i'm 29 years old, I have about 90% in stocks and have personally gone down just over 30% since the recent high. However, I will hold strong and continue buying and be well above the "cash people" in 5 years... I hope!
Some people lost more than a million? Wow, how many times did you throw up? Then again, with a 40% drop, that only takes a 3 million dollar portfolio...but man, that sucks.
Those in 100% cash need to keep more than dollars. Better to diversify to also hold euros, canadian and australian dollars, Swiss Franc, etc... I wonder how many of them are doing that.
People getting ready to retire should not be exposing themselves
Equities will almost certainly outperform cash over the next decade, probably by a substantial degree. Those investors who cling now to cash are betting they can efficiently time their move away from it later.