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Old October 17th, 2008, 01:42 PM   #61
clarkstoncracker
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Originally Posted by chadcooper55 View Post
i have 30 years before i retire so i got the 401k maxed out right now. putting every last cent i can in it. buy low and cross my fingers!
hopefully it will work out for you!

I like how so many people say "stay the course, leave your money in" but since the market is what it was 10 years ago, and figuring in the cost of inflation, anybody who has "stayed the course" for 10 years has lost out big time..

people need to stop listening to Cramer and his non-sense
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Old October 17th, 2008, 01:48 PM   #62
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Originally Posted by clarkstoncracker View Post
hopefully it will work out for you!

I like how so many people say "stay the course, leave your money in" but since the market is what it was 10 years ago, and figuring in the cost of inflation, anybody who has "stayed the course" for 10 years has lost out big time..

people need to stop listening to Cramer and his non-sense


i think if you are older and dont have that long before retirement i think it is smart to pull money. but for myself i am 25 and i am planning on retireing at 52 (if i dont lose all my money) i think i have a chance to possibly win big here. and if not i have alot of time to recover. but i think it is worth the risk. i guess i will find out!?!
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Old October 17th, 2008, 02:16 PM   #63
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I am also trying to max out 401K. This is America, we will pull through this. The questions is where is the bottom? Hell there will probably be 1 or 2 more recessions by the time i can use my 401K. Right now purchasing power is way high - I also believe that Obama will get elected which i think will send the market upward.
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Old October 17th, 2008, 04:27 PM   #64
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Originally Posted by clarkstoncracker View Post
I like how so many people say "stay the course, leave your money in" but since the market is what it was 10 years ago, and figuring in the cost of inflation, anybody who has "stayed the course" for 10 years has lost out big time..
Only if they sell!
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Old October 17th, 2008, 04:30 PM   #65
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Only if they sell!
uhh, no.

If you were in for $10,000 in 1998, and you now own $10,000 of stock, you have less buying power then you did 10 years ago.
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Old October 17th, 2008, 05:23 PM   #66
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uhh, no.

If you were in for $10,000 in 1998, and you now own $10,000 of stock, you have less buying power then you did 10 years ago.
oh yeah
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Old October 18th, 2008, 12:32 PM   #67
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Originally Posted by clarkstoncracker View Post
uhh, no.

If you were in for $10,000 in 1998, and you now own $10,000 of stock, you have less buying power then you did 10 years ago.
No necessarily true in all cases, you are not counting for splits, or dividends. Not all stocks have pulled back to 1998 valuations. Unfortunately however many have.
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Old October 18th, 2008, 07:34 PM   #68
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Originally Posted by clarkstoncracker View Post
For the first time since I was 17, I will be stock free at 9:31am today when all my market orders are processed.

Anybody else doing the same thing?

Kind of tough for me to stay with corporate america when I look at these two charts..

http://www.kitco.com/scripts/hist_ch...rly_graphs.plx

http://bigcharts.marketwatch.com/qui...freq=2&time=13

Each one of the three major markets, DOW, NASDAQ, and S&P are higher now than when you got out.
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Old October 18th, 2008, 08:09 PM   #69
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Personal Rate of Return from 01/01/2008 to 10/16/2008 is -41.7%*
whoopsie.
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Old October 19th, 2008, 09:04 AM   #70
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just remember when the markets take a shit look to alcohol & tabbacco as investments...stress baby, stress!
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Old October 24th, 2008, 07:24 AM   #71
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Each one of the three major markets, DOW, NASDAQ, and S&P are higher now than when you got out.
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Old October 24th, 2008, 07:43 AM   #72
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500 down on the Futures before trading opens is not a good thing. I'm out as well and waiting for the tailspin to end before I hope back in.
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Old October 24th, 2008, 07:44 AM   #73
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500 down on the Futures before trading opens is not a good thing. I'm out as well and waiting for the tailspin to end before I hope back in.
Today is the bottom. Jumping back in on monday.
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Old October 24th, 2008, 07:44 AM   #74
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Japan was down almost 10% overnight. This is gonna be ugly.
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Old October 24th, 2008, 07:45 AM   #75
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Japan was down almost 10% overnight. This is gonna be ugly.
it needed to happen. need one last final kick before the rebound.
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Old October 24th, 2008, 07:48 AM   #76
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I hope you are right, but I still see some more room to drop.
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Old October 24th, 2008, 07:51 AM   #77
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I hope you are right, but I still see some more room to drop.
all the numbers line up for the dow to hit 8100.

It needs to do that today, then buy buy buy
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Old October 24th, 2008, 08:34 AM   #78
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Today is the bottom. Jumping back in on monday.
Really? I'm going to need some proof from you, not the market, on that one


I don't know when it will end. I think next Wed is a good day to jump back in or right before the market closes on tuesday.
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Old October 24th, 2008, 09:19 AM   #79
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I thinking the best time to get in is right before the long recovery starts.
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Old October 24th, 2008, 11:11 AM   #80
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I'm in. slowly..

hopefully 100% by monday afternoon.
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