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#Post#: 20502--------------------------------------------------
Re: Hey Rapids wanna make a comment again about Obama and the st
ock market?
By: rapids_60 Date: August 25, 2015, 2:48 pm
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[quote author=p2_d link=topic=1481.msg20498#msg20498
date=1440504779]
I look at this recent downturn as a once every five year sale.
A chance to stock up on some great values that are selling
really cheap right now. Instead of getting out I am putting more
in.
[/quote]
If you have a long time frame, that's a super thing to do. For
those with retirement age looming, I'm not budging from the "get
out and park it in cash at the first sign of instability" plan.
The time to recover from these corrections just isn't there.
Of course to do that you have to be a fortune teller. If I could
do it with consistency I'd be fabulously wealthy
#Post#: 20504--------------------------------------------------
Re: Hey Rapids wanna make a comment again about Obama and the st
ock market?
By: p2_d Date: August 26, 2015, 2:14 pm
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I might be ever the optimist, my 401k is managed for me. My
personal money in the market I take care of and think the
market, long term is the best place in the world to invest my
money. After the big melt down I did change my objectives and
now only buy big companies that actually produce something I can
hold and that pay a dividend. I have done quite well and while
down 35% so far this year well I think next year Ill get it back
and then some. I do not think we are going to see the great fall
off some predict, even in 07 I did not get hurt that bad. I am
optimistic, no matter which party is running the country. Was
not worried with Bush ( I should have) and am not that worried
with Obama and not to worried about who takes over in 16.
Maybe I am the fool or maybe I know nice people like you will
drop a quarter in my cup when you stop at the light. :)
#Post#: 20505--------------------------------------------------
Re: Hey Rapids wanna make a comment again about Obama and the st
ock market?
By: trollslayer Date: August 26, 2015, 3:22 pm
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Dow up over 600 points today. The reason? The Fed hinted that
they are going to delay raising interest rates. This seems to
be just prolonging the inevitable.
#Post#: 20509--------------------------------------------------
Re: Hey Rapids wanna make a comment again about Obama and the st
ock market?
By: Linda Lou Date: August 26, 2015, 6:08 pm
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[quote author=p2_d link=topic=1481.msg20504#msg20504
date=1440616484]
I might be ever the optimist, my 401k is managed for me. My
personal money in the market I take care of and think the
market, long term is the best place in the world to invest my
money. After the big melt down I did change my objectives and
now only buy big companies that actually produce something I can
hold and that pay a dividend. I have done quite well and while
down 35% so far this year well I think next year Ill get it back
and then some. I do not think we are going to see the great fall
off some predict, even in 07 I did not get hurt that bad. I am
optimistic, no matter which party is running the country. Was
not worried with Bush ( I should have) and am not that worried
with Obama and not to worried about who takes over in 16.
Maybe I am the fool or maybe I know nice people like you will
drop a quarter in my cup when you stop at the light. :)
[/quote]
I play it the same way, p2. I take a semi-conservative package
and trust the brokers. My company matches 77% of what I put in,
so I always figure I'm not losing MY money....
#Post#: 20513--------------------------------------------------
Re: Hey Rapids wanna make a comment again about Obama and the st
ock market?
By: Snickers Date: August 26, 2015, 7:12 pm
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[quote author=Linda Lou link=topic=1481.msg20509#msg20509
date=1440630535]
I play it the same way, p2. I take a semi-conservative package
and trust the brokers. My company matches 77% of what I put in,
so I always figure I'm not losing MY money....
[/quote]
77%!! Holy $hit. My company only matched up to 6%.
Your going to be a rich girl Linda.
When I started my 401K I could only afford small contributions
for years. I finally got to raise that some what. I have a
pretty nice chunk of change in it now. It will end up making up
20% of my full retirement money when I start drawing on it.
In the beginning I made my mind up that I wasn't going to count
on any of that money. So I figure I am way ahead today even
after the last four or five last days.
I just stick it out no matter what the market does. If all that
money is lost we are in bigger trouble then that.
#Post#: 20514--------------------------------------------------
Re: Hey Rapids wanna make a comment again about Obama and the st
ock market?
By: Linda Lou Date: August 26, 2015, 7:57 pm
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I should explain....they match 77% of up to 6% of my gross
income....after that they don't match.
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