Derek (Steelers, SB champs)
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No. With that much, keep it invested for the long term. I'd even buy more shares. |
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Lee R
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Don't cut and run. It sounds like you have a good investment. People getting freaked out and pulling their money out of the market is what's CAUSING THE PROBLEM.
The market will stabilize. Hang on and you will be happy you did in a year or two. In fact, now is the time to put more money into the markets (as crazy as that sounds). Remember the old saying "Buy low, sell high"? Well, this is just an opportunity to buy low. The only reason you might want to de-invest is if you suspect the entire economy will collapse. That's not going to happen.
Seriously, hang in there! |
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Fraser
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If you are well diversified consider drip feeding some of your cash position into stocks over the next few months.
The key is to find stocks that have been smacked down over the last few months but where the companies fundamentals aren't as bad as the stock price would have you think. Also consider stocks in alternative energies, the new President has said that trillions of dollars will be invested into these so that might be a good sector to look at.
Personally I'd say if you are asking about investment advice on Yahoo Answers you should not consider controlling your own portfolio unless it is just fun money. See if any of your friends of family can recommend a financial advisor and they'll be able to give you some reassurance and talk to you about your whole financial picture and give you a much better plan than any of us can. The days of putting your money on one 'hot stock' are long gone and investment plans should really be designed around the individual. |
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amanda
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SELL when shares are HIGH and sit on them when they are low, now is the time to Buy.
Don't sell now, WAIT what goes up must come down and what goes down must go up, if you are going to do anything maybe change them around since all stocks are down and wait.
I had a stock that would not move much for over 5 years and i got fed up and sold it for 20 cents i had 20000 shares. The following year some computer software company bought my pathetic share that got on my nerves and within one year it went up to $15.
I sold it and bought so called blue chip shares which at the time was the banks, i was getting some dividends at the time i still have them worth hardly nothing but i will not sell, something will happen and your losses will be someones Else's gains.
Good luck we all need it and my Friend if disaster with the stock exchange was not bad enough for me i used my last saved money in buying Australian dollars last week :) They went really low :) I will never learn :) |
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David W
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It *should* recover, the only question is how long it will take.
The estimates I've heard range from a few months to several years, if you can afford to keep your money tied up in stocks until then, then you should be fine.
The main problem is if any of the companies you hold stock in go bust, but if you've got a diversified portfolio, that shouldn't be too much of an issue.
The markets were lower than they are now about a month ago, so it is possible they hit bottom then and we're just going to have a bumpy ride for the next few weeks/months until the full extent of the economic problems are known. Markets hate uncertainty and we've got that in bundles right now.
What you might consider doing is selling half your stock and then reinvesting it again when you are sure the bottom has been reached and recovery is under way.
I am not an expert in this field so you need to do your own research, but in my experience, there's no such thing as a financial expert, just look about 6 months ago and see what the brokers were tipping.
:o)
I've read that Warren Buffet is back buying shares and more directors are buying shares in their own companies than are selling, about 5 times as many. Maybe they know what they're doing, maybe not! Time will tell, good luck! |
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~Kay~
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My professor talks about this everyday. He basically says the best thing to do is ride it out. But, if you're losing lots of money constantly then pull out. It depends on how much you're losing. |
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JohnGalt
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Is it keeping you awake at night? This is the measure of whether to sell (or sell some). |
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sai
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The stock market's a gamble sometimes. The question is, do you still have faith in your luck? If you fear the stock market, maybe you should have invested in bonds or something. The markets have to go back up sometime. |
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PIX-ED
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You're already with one of the best fund companies around.
You say stock. Are you referring to Vanguard's brokerage account or to their funds?
Several months back I online transferred a large percentage of my stock funds into money market funds. +2% is better than the -32% I see them at now. |
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KEL-C
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The people who have "cut and run" are what's making the bad stock market worse. STAY, any investment advisor would say stay. |
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Jake M
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Do it. Your in control here, so go get your money. Things have been going downhill for a while now and your going to keep getting your *** kicked for the foreseeable future. Take your money and run. Cut your losses. Get back into the game when things are looking up. |
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Sean
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That depends on how much you invested to began with. What kind of losses are you looking at? If you are looking at heavy losses I would wait it out. It's bound to turn around eventually. If your losses aren't bad then pull out. You have to remember, as much as the market looks bad right now it's also a time for some great deals... Checkout Macy's (M) a year ago it was $30+ now it's a bargain at $8, also Google (Goog) ... was over $700 a year ago and now its between $250 - $300. Definitely money to be made out there... just be smart with your choices. |
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Yeah, Butt
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kinda late now. |
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Roger L
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yes |
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bob the hobo
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RUN!!! |
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adamisskiing
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Buy Buy Buy Buy low sell high!
Rick Edelman is my favorite radio financial advisor, and his advice is to stay. The fact you have so much money suggests you are in for the long haul. The market will always rebound. This infact is a great time to buy, Warren Buffet just recently added billions to his portfolio. I suggest checking out his firm, he only takes on clients with more than $50,000. I also suggest, ignoring every Yahoo Answer opinion except mine. This isn't the place to figure out major life decisions. |
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hey peeps!!!!!!!!!!!!!!!!!!!!!!!
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yes |
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omgyay_dotcom
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My $4,000 investment is sitting around $550 now. I've got the same mentality as ever...wait it out :) |
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Nichole
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YES! cut and run! |
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