Taking a beating in the stock market

[Coffee66]

Exactly. Why do so many people think they know when to buy and sell? Not possible

As I type Dow down 310... Wild swings its like a pin ball machine. Enjoying coffee and fox business channel

As I type Dow down 310... Wild swings its like a pin ball machine. Enjoying coffee and fox business channel

Lol interest rates cut 1/2 point Dow up 338.. Mr toads wild ride

 

[DVCcurious]

All this talk about bottoms reminds me of a song

Big bottom
Big bottom
Talk about bum cakes
My girl’s got em

Big bottom drives me out of my mind
How could I leave this behind

 

[Coffee66]

As I type Dow down 310... Wild swings its like a pin ball machine. Enjoying coffee and fox business channel

Lol interest rates cut 1/2 point Dow up 338.. Mr toads wild ride

Lol now down 145... Crazy

 

[punkin]

Exactly. Why do so many people think they know when to buy and sell? Not possible

That's what makes markets, people buying and selling.

 

[QueenIsabella]

All this talk about bottoms reminds me of a song

Big bottom
Big bottom
Talk about bum cakes
My girl’s got em

Big bottom drives me out of my mind
How could I leave this behind

Yes, but does your amp go to 11?

Seriously, though, we're not even watching our investments. We're staying the course. Bigger issues in our house right now (nothing serious, just more immediately pressing). In fact, DH starts a new job very soon, we're looking at his retirement account investment options. I told him to either (a) use the new account to balance what we already have; or (b) if we're already balanced, go with an indexed fund. The current roller coaster doesn't even figure into how he might invest. Of course, everyone's level of risk tolerance is different. If this roller coaster makes you queasy--and that's valid, your feelings are your feelings--then maybe you'd be better off in less volatile investments. Trying to time the market is a sucker's game.

 

[Coffee66]

Lol now down 145... Crazy

Lol Dow now up 113... Laughing out loud. Listening and watching fox business. Lots of fun

 

[MillauFr]

That's what makes markets, people buying and selling.

There are many reasons for buying and selling. It doesn't mean people are trying to time the market.

 

[barkley]

i'm not a stock market kind of person but i have to say that if we still had a mortgage i would be seriously looking at doing a refi with fiixed rates going for less than 3%

 

[toonaspie]

I have zero knowledge of buying stock and I'm considering buying Disney stock while the price is down. I have a brokerage account through Chase, but I hear buying stock through your bank is never a good idea. So I dunno where to start or what to do.

Anyone wanna give me some pointers?

 

[Minniesgal]

Just means it is time to buy.

It will come back up it always does.

 

[Dakota731]

I’m 42. But I wish I got out in early 2008 and then back in at the bottom in 2009. So I’m doing that this time

If we all had a crystal ball... though I’m not complaining we have done so much better than we ever thought these past few years!

 

[gottalovepluto]

I have zero knowledge of buying stock and I'm considering buying Disney stock while the price is down. I have a brokerage account through Chase, but I hear buying stock through your bank is never a good idea. So I dunno where to start or what to do.

Anyone wanna give me some pointers?

You can bank and brokerage with the same company. If you aren't willing to buy stock with Chase because you bank with them why have a brokerage account with them at all?

 

[Coffee66]

You can bank and brokerage with the same company. If you aren't willing to buy stock with Chase because you bank with them why have a brokerage account with them at all?

Shop around. Lots of brokerage firms that charge nothing to buy and sell and also if you don't know what your doing get some books read up before spending a dollar. This isn't monopoly money.

 

[gottalovepluto]

Shop around. Lots of brokerage firms that charge nothing to buy and sell and also if you don't know what your doing get some books read up before spending a dollar. This isn't monopoly money.

You definitely didn't mean to address that comment to me

I think you're looking for @toonaspie

 

[toonaspie]

You can bank and brokerage with the same company. If you aren't willing to buy stock with Chase because you bank with them why have a brokerage account with them at all?

My dad put that money in there. So I dunno, I'll just have to get his advice on this.

 

[MillauFr]

My dad put that money in there. So I dunno, I'll just have to get his advice on this.

Looks like Chase has commission free trading as well.

 

[DVCcurious]

Thank god I got out Monday!

I haven’t seen a beating like this since someone put a banana in my pants and set a monkey loose.

 

[disneychrista]

I’m ALMOST back to where I was last week.

 

[MillauFr]

Thank god I got out Monday!

I haven’t seen a beating like this since someone put a banana in my pants and set a monkey loose.

Huge mistake to sell. You should have bought back in on Friday.

 

[Carol_]

Stocks are on sale this week. Buy an S&P 500 index fund while you’re out buying bottled water and Purell.
Also, I highly suggest topping off on your supply of GILD.