Stocks taking a dive

[beerlover]

My 1st wife gave me one share of Budweiser in 82 I think. I've held onto it all these years simply because it hasn't cost me a cent and it's something I can impress my friends with. I'm not in it for moneys sake. In the early years it split a few times and I've let them reinvest my dividends which has only cost me pennies. What cost her maybe $22 then has now turned into over 40 shares worth over $2,000 now...

You're welcome....

 

[oldman]

You're welcome....

Thanks for your help but the fact is I MORE than support my own endeavor.

 

[MMDad]

I heard on the news this morning that Citi is getting a multi-billion $$ influx of cash from some Abu-Dabi (sp) financial group to prop them up in return for about 5% ownership.

With all the volatility of the market and the shrinking value of the $, how will S&P-like mutual funds fare, i.e., Federal Thrift Savings Plan? Maybe I should be funnelling my money into CDs instead of the TSP for now?

I got nervous when the Dow hit 14,000 and pulled all of my money out of stock funds and put it into money market and bond funds. I'm happy I did.

If I were still in the market, I'd let it sit where it is and hope for the best. I will never advocate selling after it goes down.

If you're talking about future investments, ask yourself if you think the market is going to go lower or not? Can you stand the volatility? Do you have time to make up for a temporary loss?

CDs are nice and safe, but if the market goes up 20%/year for the next 5 years, you'll be kicking yourself hard.

 

[Inkpen]

Okay, I've lost $300 since Thursday. My stocks are solid - GE, Proctor and Gamble, Disney, stuff like that with no real risk factor. They fluctuate a bit, but there's no big chance that they'll go belly up.

However, I'm considering selling the whole shebang and being done with the stock market. Not sure what I'd do with the money, though. So someone talk me out of selling, or tell me why I should.

Don't sell...Sould like you have some Blue Chip...hang on and wait this slump out.
Besides..what would you have to pay in additional taxes: capitol gains..if you sold now?

Wait.....not is NOT the time to sell.........!!!!

 

[Agee]

I heard on the news this morning that Citi is getting a multi-billion $$ influx of cash from some Abu-Dabi (sp) financial group to prop them up in return for about 5% ownership.

With all the volatility of the market and the shrinking value of the $, how will S&P-like mutual funds fare, i.e., Federal Thrift Savings Plan? Maybe I should be funnelling my money into CDs instead of the TSP for now?

True!

A contined weak dollar continues to inspire out of country investments! Not going to change anytime soon,,,,

 

[chernmax]

I'm holding out also, In the long run the end result for my investments will have been overall gains...

Why even consider taking and early withdrawal federal tax hit, sh!t we got Maryland for all our tax needs!!!

 

[kom526]

+220 @ 1054

 

[MMDad]

Drop DIS and buy Citi (C); they have been punished way too much over this subprime mortgage fiasco. As long they don't drop their dividend (6%) they are headed up soon.

....load up on some iRobot (irbt) too; with American's continuing reluctance to accept human deaths during military conflicts we are going to need lots of these guys

$32.16 on 11/16/07. $0.97 in March, and $3.15 today.

If Vrai took this advice and put $10,000 into Citi, it would be worth $979 today, up from $301 in March.

$10,000 in DIS on 11/16/07 = $6,300 today.

Vrai, I really hope you didn't follow this advice. Moral of the story: don't order steak in a seafood restaurant, don't hide from the cops in a donut shop, and don't listen to a weather chick for stock advice.