Stock market correction...

[jaja6009]

Anyone on this site play around in the stock market?

I figure that since the Mustangs we love are pretty expensive cars, there has to be others on here that play around in the market either through retirement accounts or taxable accounts.

Anyway whats your take on this weeks correction?
And how has you portfolio reacted?

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[MELLOWYELLOW06]

What goes up must come down and will go back up again!

I'm just going to ride it out.
Play mostly with safer pharmaceuticals.

 

[GoBlues38]

Buy Buy BUY

 

[Waldorf]

The stock market is just legalized gambling. A broker is like a bookie... he gets his cut whether you win or lose.

This may not be the "full" correction. Maybe a dead cat bounce next week, then the biggie. I'm lucky I pulled out a few weeks ago. I might get back in after the cat is really dead and the bouncing has really stopped.

That is all...

 

[Todd15Fastback]

My YTD change last year was 19.78%. This year through 8 months, I am at 2%. Going to change some things and see if I can get my returns up.

 

[Waldorf]

My YTD change last year was 19.78%. This year through 8 months, I am at 2%. Going to change some things and see if I can get my returns up.

I did really well the last 2 years also. BUT, I'm real close to retirement... didn't want it all to go bye-bye just before I retire. I'll get back in (after the correction), but don't have the time to lose a lot then wait to have it climb back up like from 2007. Got an accountant already working on trying to minimize my payment to the GubMint at the end of the year on capital gains. OUCH!

It's not over yet, futures trading at 6:05 EDT is down 118 points.

Good Luck!
That is all...

 

[madweazl]

The stock market is just legalized gambling. A broker is like a bookie... he gets his cut whether you win or lose.

This may not be the "full" correction. Maybe a dead cat bounce next week, then the biggie. I'm lucky I pulled out a few weeks ago. I might get back in after the cat is really dead and the bouncing has really stopped.

That is all...

You never get lucky when you pull out, you just lose.

 

[Todd15Fastback]

I did really well the last 2 years also. BUT, I'm real close to retirement... didn't want it all to go bye-bye just before I retire. I'll get back in (after the correction), but don't have the time to lose a lot then wait to have it climb back up like from 2007. Got an accountant already working on trying to minimize my payment to the GubMint at the end of the year on capital gains. OUCH!

It's not over yet, futures trading at 6:05 EDT is down 118 points.

Good Luck!
That is all...

Same to you!

I am still over 20 years away from retiring so I am going all high risk now:cheers:

 

[Waldorf]

Same to you!

I am still over 20 years away from retiring so I am going all high risk now:cheers:

Go for it! That's what I decided right after 9/11 and it worked well. Got a little singed in 2007, but knew I had time to recover. Now, I'm not so sure. I'm still buying green bananas, but ya never know! Especially the way the "mouth breathers" drive on I-75 south of town.
:lol:

That is all...

 

[Rypkr937]

I'm at -2.5% YTD

Edit - Now two days later I'm at -5.7%

#(#$()*@)%*(#)* life

 

['Merica]

I haven't checked my YTD recently but was at 10% before all of this mess. I just recently went to a much more diversified portfolio in my 401k, and I'm happy I did. I have lost some but it hasn't been as bad as it would have been.

But I am definitely going to buy all day and night now that everything is on sale! I am actually putting the $200+ I was going to buy lowering springs with into the market now. I keep telling myself it will be worth it in the long run haha.

 

[krahooligan]

I have been wanting to get into stocks but I know nothing. any advice?

 

['Merica]

I have been wanting to get into stocks but I know nothing. any advice?

Buy for the long term (if you aren't near retirement). Buy stocks with good dividends, so even if they lose money, the dividend will cushion the blow. There are some as well that you can look at for more growth potential that have little to no dividend, but still invest in quality. Market fluctuations are inevitable- the worst thing you can do (and sometimes what financial advisers suggest) is to sell out because you get scared of taking a hit. Mutual funds can instantly diversify an investment- they are basically lots of investments bundled into one...you can find them made up of different stocks with different risk levels.

And stay away from penny stocks unless it is money you are ok with losing. I stuck $500 into a penny stock for a mineral exploration company that was "definitely going to go from $.10 to $3/share in 3 years". Yeah that never happened. I think my investment is worth like $.001 now haha. Luckily, it was money I was willing to lose. Still sucks to basically put money on black and it comes up red- which I actually would have had better odds of winning in Roulette.

I use Scottrade for all of my investing and use to be a Financial Adviser. They have lots of good tools to educate people. Read books, study information online...there is a ton of info out there. Let me know if you have any questions on anything!

 

[ConspicuousConsumption]

Hell of a last couple days in the market. The market has had the two biggest bull days since 2011.

Big stock market slob here. If you have some spare cash, forget the car mods and toys - would you rather own a pair of Nikes or a portion of the Nike company? Just a concept for ya to think about before buying some car mods with questionable benefit.

 

[krahooligan]

Buy for the long term (if you aren't near retirement). Buy stocks with good dividends, so even if they lose money, the dividend will cushion the blow. There are some as well that you can look at for more growth potential that have little to no dividend, but still invest in quality. Market fluctuations are inevitable- the worst thing you can do (and sometimes what financial advisers suggest) is to sell out because you get scared of taking a hit. Mutual funds can instantly diversify an investment- they are basically lots of investments bundled into one...you can find them made up of different stocks with different risk levels.

And stay away from penny stocks unless it is money you are ok with losing. I stuck $500 into a penny stock for a mineral exploration company that was "definitely going to go from $.10 to $3/share in 3 years". Yeah that never happened. I think my investment is worth like $.001 now haha. Luckily, it was money I was willing to lose. Still sucks to basically put money on black and it comes up red- which I actually would have had better odds of winning in Roulette.

I use Scottrade for all of my investing and use to be a Financial Adviser. They have lots of good tools to educate people. Read books, study information online...there is a ton of info out there. Let me know if you have any questions on anything!

Thanks! I am a financial analyst with the Marines, but I know nothing about stocks. I deal with government contracts, budgets and invoicing.

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