Brace yourselves...
- Thread starter CatDaddy4daWin
- Start date
You don't lose money unless you sell. If you're selling today and you're not retiring for 30 years, you're the problem.
Look on the bright side, if you have some cash sitting aside, be a good time to get on some discounted stocks.
********! Lots and lots of small investors are losing money too.But it's also a buying opportunity. I don 't have a lot of money but was able to get a few shares of Apple for less than $100.
speaking of, anyone have experience with annuities? Seems like a good way to have a guaranteed income stream in retirement.
http://preview.images.memegenerator.net/Instance/Preview?imageID=5153130&generatorTypeID=&panels=&text0=invested in the stock market&text1=aaand, it's gone&text2=&text3=
Looks like the dow opened down 1,000, rebounded to go up 500 and is now down 100 over the last hour.
I could be wrong but when you and your wife die, whatever is left is forfeit?? You wouldn't be able to leave it to your children. Again, I could be and probably am wrong.
Also, your money is fixed. If a big expense arises, you can't get more.
My holdings have taken a 6% hit the last 5 days and depending on what shakes out today, I could be down 10% in the course of a week.
If I had any spare change, I'd be throwing it into mutual funds as we speak.
Well I was thinking more as a supplement, so I'd still have a 401k as well as hopefully SS.
I was able to get a few shares of the spyder SDY for less than $60 and it's back over $70 now.
I meant rebounded to go up to a 500 loss on the day. Think it went even higher than that, right?When did that (bolded part) happen?
yep, and precisely why persons never transition into the group that is not poor. Rich people have been sitting on pins and needles waiting for this day - market correction - for years. Why? Because the rich have money to invest and they don't like to do it when the market is inflated.
biggest mistake that the poor make about the wealthy is assuming they too don't know how to stay wealthy. And when the wealthy see that the poor are gratified by conditions that can potentially cause hardship for the wealthy and the children of the wealthy, well . . . guess what that means for the poor ??
I haven't even looked at mine in the last two weeks and I heavily invested in oil exploration. It may be all gone.
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anon_l8pbkn96tg3j6
Guest
This volatility is absolutely not normal, China down another 6% tonight? I'm not playing anymore, I just bought my first home 2 months ago and got out of stocks at S&P 2090 a month or so ago. Retirement saving is on hold until the home excitement settles, and there isn't new stupid **** to buy.
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anon_l8pbkn96tg3j6
Guest
Annuities are basically making a lump sum payment now for some stream of fixed cash flow into the future. They are fine if you have a large amount of money and want to guarantee some stream of income from a portion of that money. Never put all your retirement money into an annuity. Bad idea. They can last just till you die, but you can also buy them where they last x-number of years, you can even buy perpetual annuities that pay out forever more no matter what.
