Anybody?

[67go]

Ordered Mustang GT and have trade in allowance locked in already ( they have the money). Can this be canceled and get refund? Car is going to be done this month (awesome vehicle). Wasn't ready for a Mach E yet. Retired and watching money disappear. Any advice greatly appreciated!

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[David Schmidt]

No idea if you can ask for a refund after giving your word you would go through with a deal. Maybe.

Do you need financial advice? I've got lots of that. Starting with: There's ups and there's downs in the market; the only people that get hurt on a roller coaster are the ones that jump off in the middle. Get your car, flog it like you're mad at it, and look back in 5 years when your broker tells you that you made everything back plus another 27%. Yes, the market is down now. Did you forget 2008 and what happened in the years after that already?

 

[Skye]

Ordered Mustang GT and have trade in allowance locked in already ( they have the money). Can this be canceled and get refund? Car is going to be done this month (awesome vehicle). Wasn't ready for a Mach E yet. Retired and watching money disappear. Any advice greatly appreciated!

I'm not sure we'll be able to answer that. What happens depends on the legal documents you signed as part of your agreement. In the future, have a disinterested third party review any potential agreements and discuss the "what ifs".

 

[67go]

I guess this is all about driving all over the place and not worrying about blowing gas out the <%*. The car I ordered is awesome. My wife and I are retired and watching the stock market is horrible. We live on it.. Don't have time for the future rebound. The losses are brutal. Oh well I'm driving the last of the dinosaurs and having fun even if I sit in the driveway and listen with me ear in the tailpipe. Lol

 

[NGOT8R]

Would switching to lower risk stock options allow you to still get the car?

 

[Gregs24]

My wife and I are retired and watching the stock market is horrible. We live on it.. Don't have time for the future rebound. The losses are brutal.

Methinks you invested in the wrong place. If you can't cope with volatility you really shouldn't invest in the stock market. Best thing is not to look to often and look at the investments over 3 or 6 months. If that is too long for you, then invest somewhere else.

 

[ay1820]

Methinks you invested in the wrong place. If you can't cope with volatility you really shouldn't invest in the stock market. Best thing is not to look to often and look at the investments over 3 or 6 months. If that is too long for you, then invest somewhere else.

My wife and I are on the leading edge of this same journey (with the stock market, that is). The truth is, you really have no choice but to put at least a portion of your money in the stock market and go for the ride. Bonds are by no means a safe haven anymore, and if you leave your money in your mattress inflation will eat you alive. The only practical option is a balanced portfolio that includes at least some investment in stocks.

 

[Gregs24]

My wife and I are on the leading edge of this same journey (with the stock market, that is). The truth is, you really have no choice but to put at least a portion of your money in the stock market and go for the ride. Bonds are by no means a safe haven anymore, and if you leave your money in your mattress inflation will eat you alive. The only practical option is a balanced portfolio that includes at least some investment in stocks.

Yes exactly. The only certainty is that if you just invest in 'safe' bonds and cash then you WILL lose money against inflation in the long term.

 

[67go]

Methinks you invested in the wrong place. If you can't cope with volatility you really shouldn't invest in the stock market. Best thing is not to look to often and look at the investments over 3 or 6 months. If that is too long for you, then invest somewhere else.

Unfortunately we have no choice but to ride it out because it is an inherited account that works with distribution over 10 years. Hopefully their will be something to live on if it doesn't crash and take too long to recover. Will pray the world doesn't go nuts!

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