pancakes & hyrup
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Buyer's market, keep them there, buy more. The econ. will swell back eventually, then your shares will skyrocket. You sell out, then where are you when the prices go back up? |
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zaphodsclone
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So you want to sell low and buy high?
Sounds like a plan for going broke.
Stuff is on sale now, and since I have 20 years before I need the money, I am buying more mutual fund shares. |
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Mr Lizard
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Let it ride. This is an average down. You would only be selling low, after buying high. |
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Bored_at_work
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No! This is the worst time to get out. Think of it this way -- would you sell anything else when prices are low? Of course not, you buy things when they are cheap and sell things when you can get more money for them -- when they are expensive.
Best bet is to leave your money alone and don't move it around. Timing the market never works. You have to be in for the long run. Just grit your teeth and stick with it. |
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creatureslagoon
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If you are in for long term appreciation and are well diversified do not pull out your money, you might want to invest more in a international mutual fund or international stocks too, to offset the falling american dollar some. an ideal portfolio should mimic the world market holdings which is 70% american stocks + 30% foreign stocks. |
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Matt
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If you pull your money out of the market now...you will be making a huge fundamental mistake...chances are you have already lost quite a bit in the past few weeks.....now is the time to put money in while the market is down...unless you can't wait out a med to long term investment. Chances are the market will keep declining for a while so you might lose a bit more but the idea is to sell high not low |
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Justin H
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It really depends on your tolerance for risk and your short term goals. If you're building a portfolio for retirement that is years down the road, you shouldn't concern yourself with short term drops in the market. If you may need the money sooner and can't handle much risk, it might be a good idea to move it to some low risk mutual funds or a bank money market account or CD.
The one thing you have to remember is the rate cut made by the Fed yesterday has already lowered the interest rates for bank savings accounts and other no risk investments. For example, the APY on one of my savings accounts dropped from 4.10% to 3.65%. One of the reasons for lowering the interest rate is to encourage people to spend - either because the price of credit is lower or the gain on savings is so low. |
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Rocco's Mom
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NO! Keep it in. Dont buy into the panic. Just sit tight and ride it out. All the other people will panic, sell and lose money but you will sit tight and MAKE money when the market rebounds.
Just wait and listen to your broker. |
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piet lul
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no, you should add money. |
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sh1zzared
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Invest in Chinese stock market. |
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▲ßûІІѕ vÅŸ ßèÄÅ—Ñ•â–¼
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there is going to be a recovery pretty soon, it won't be full, but it should cover all the panic selling and loss from the past 3-4 trading days.
then it may go down again unless Fed come out with some genius plan and also news on bond insurers would be a huge help if they are going to be bought, watch tv/news for the next week till end of jan, then if you decide to not stay in the game then sell them. |
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MDX 0601
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Ride it out if the company fundamentals are STRONG and if you don't need the money right away.
I will give you 2 examples of my own situation and what others told me to do and what I did and what happened!
Dec. 24th-Bought MER around 56 bucks.
For 2 weeks it kept dropping. People told me to sell-I sold at 51-took the losses and moved it into something else which is still in RED. Today it hit over 58 bucks..could have sold and at least broke even.
A week and half ago bought Washington Mutual at 15.15.
It went to 14..13..12.85. People said it will go down even more to 8,9,10. I told myself I will hold but won't take any more losses. Stock went up to 16 bucks today. I sold-made my proft and happy.
So the point is just hold if you feel the company is good.
DONT SELL OUT OF FEAR!!!!!!! |
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JJ
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Depends if your stocks are losing money right now. If you know that the company you have your stocks in is going to go up then ask around and find out. If you hear from more than two reliable people that its going to go down then take it out soon. Your best aim for buying stocks is doing a lot of research and when you hear how a certain company is going to make this certain popular item. Invest in it and you will probably do well for awhile.
Personally the company you mentioned, I would take my stocks out soon, maybe a week, and put them in another company. |
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kjsouder@sbcglobal.net
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We had this problem about 6 years ago. My husbands 401k lost close to half of it's value. We decided to pull it out so that the money he invested would not be lost. So we pulled the 401k and paid the penalty. It worked out for us because we used the money to buy our house. Ofcourse your investor tells you to keep it. How much is he making off of it? |
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trevor k
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take your money out whenever ur ready, but if i was in ur situation i would take them out now incase of another stock crash and another depression, but i highly doubt that would happen. you never know anymore tho. einstein always said that anything is possible, and nothing is impossible. good luck with whatever you do with you money |
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Luis G
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You should have taken it out two weeks ago. But where will you invest it? I'd buy real estate for 30% or more below value. Rent it out and wait. In 4 years things will change and you will be ahead of the curve. Always by low and sell high. |
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