| 14 March |
My parents just lost $375,000.00 in the stock market today, yes their retirement money.? |
My dad thing MC going to distroy the middle class so he realy don't like him. I thing if Obama be presdent he may fix thing, he can help middle class like us
But anyone that still had money in the stock market really has no business dealing with the market
My money came out weeks ago
Second off the stock market is not a Obama/McCain problem.
Next when you say "I refuse to play in the stock market" well good for you, the stock market is the biggest gambling game in town. Some people win and some people don't win !
Now if I go up to the local casino and gamble away my pay check....do I have the right to demand the goverment gives me more money so I can try again and should you (being a American tax payer) be forced to chip in your hard earned money so that I can keep gambling and still have a place to live ?
While I hate to hear of anyone loseing money on anything, I guess your parents will just have to learn to live on a pizz poor SS check each month like the other millions of us poor people !
The market dropped dramatically because people panicked and there was a sell off. This problem will not go away quickly, but it will be fixed over time.
Although the Dow went down 600 pts today because the DOW is so high, (over 10,0000) the percentage it went down is not even close to the top 10 days of DOW declines in history. I really do not think anyone is jumping out of buildings.
Besides oil went DOWN and the dollar went up! Would you rather the dollar becomes worthless and other countries will not sell us anything or worse call our debts in real assets?
We cannot create what Wall Street wants. It is just a long overdue correction and it is about time.
historically after a market dive there are two scenarieos... one all lost funds are recovered within 9 months.. in the other it takes closer to five or six years....
but either way the market has NEVER lost money over a ten year stretch... tell her to old on buckle down and dont' give up.. the people that get hurt are the ones that bail out on stocks at the bottom.. then cry as the market goes up....
keep in mind tht if the bailout fails the market may well drop anouther 2-3 k in the next month.
i don't think its the time to sell, let him wait and be patient, within few months the stocks will go up again, check out this:
taken from http://www.theway2invest.com:
How to stop losing money in the stock market
Day trading, speculating and buying stocks because of rumors are among the fastest ways to lose money. Day traders make some money for a day or a couple of days then lose it all in addition to a part of their capital the day after. The only way to make money from the stock market on the long term is to become a long term investor.
The reason I used the phrase ā Make money on the long termā is that lots of people think that they are following a successful strategy because they have been making money for a month or two. Some people even keep making money as long as the stock market is going up (bull market), such a trend could last for years and those people may start to think that they are stock market Gurus, but when the trend reverses all these people lose the money they have made in addition to their principal.
If you really want to know whether you are following a successful strategy or not, you must watch your returns and see if you are making money on the long term. If you have been investing your money in the stock market for four years and your cumulative annual return is 11% then you are making money, while if your return was 40% the first year, 50% the second year , 10% the third year and -90 % the fourth year then you are only losing money.
______________________________________...
if you have already lost money in stocks then don't sell now, if it was a bear market then sooner or later the market will reverse its trend and you will regain your money again
so whatever he is going to do, dont let him sell anything with a loss except for banking stocks and housing, he should as a professional
#If you have any other info about this subject , Please add it free.# |
