Market's crashing, what is everyone doing about it?

Jake · 11-12-2007, 11:11 PM

My POT stock which had been making me a lot, 21% in the last month or so. Sold it all today with only a 3% gain.

Citi says e-trade might go bankrupt. A lot of economists are saying that we're entering or are already in a recession.

I'm holding on to my Gold stocks for now. It only took a 7% hit today and I'm thinking of a rally tomorrow. The precious metal market isn't that comparable to the Dow Jones average. I'll hold for a little bit...

Darque Pervert · 11-12-2007, 11:26 PM

Historically, over the long-term, the stock market (specifically, the DJIA) has gone up in value roughly 12% per year.
That includes the crash in '29, Black Monday in '87, the bursting of the dot-com bubble and even more recent downturns.

Image

JIA historical graph (log).svg - Wikipedia, the free encyclopedia

Now, if you're out to make a quick buck in the stock market, this doesn't help you one bit.
If you want to make money in the stock market, buy stocks and hold them.
Don't panic every time the market drops, even if it's a big drop.

Large companies WILL rebound and continue business. Their stock price will rise again.

pkster8235 · 11-12-2007, 11:34 PM

I have the Google stock.. which is up roughly 20% since I bought it. It's been down lately, but I am hoping things pick up. I am going to do some more investing soon too

Jake · 11-26-2007, 02:16 PM

Gold seems immune to this stuff...it's not uncommon to see a 100-300 point drop in DJIA and have my gold shares go up 1-3% that day. It's happened twice last week.

Sold 25 gold stocks at a 26% gain and bought 50 more...

SpiralArchitect · 11-26-2007, 04:20 PM

Yeah I noticed it as well. My stocks here are doing shitty, but oh well. I invest with Edward Jones and currently my investments were doing really good, but I haven't checked on them in a few days. I really doubt there is too much a difference in them. It does worry me though, I have potential to lose alot of money.

neconide · 04-17-2008, 04:13 PM

Quote:

Originally Posted by Darque Pervert

Historically, over the long-term, the stock market (specifically, the DJIA) has gone up in value roughly 12% per year.
That includes the crash in '29, Black Monday in '87, the bursting of the dot-com bubble and even more recent downturns.

Image

JIA historical graph (log).svg - Wikipedia, the free encyclopedia

Now, if you're out to make a quick buck in the stock market, this doesn't help you one bit.
If you want to make money in the stock market, buy stocks and hold them.
Don't panic every time the market drops, even if it's a big drop.

Large companies WILL rebound and continue business. Their stock price will rise again.

Thats the truth.

TheFamous1 · 04-17-2008, 04:35 PM

Where do you invest?

disheartenedwamerica · 04-18-2008, 05:10 AM

Quote:

Originally Posted by pkster8235

I have the Google stock.. which is up roughly 20% since I bought it. It's been down lately, but I am hoping things pick up. I am going to do some more investing soon too

A lot of reports ive seen lately say google is hitting its peak. Atleast at how much it outperforms. Just be wary of how much you continue to buy. Hope this helps

.

***Sec*** · 04-30-2008, 08:46 PM

Quote:

Market's crashing, what is everyone doing about it?

I am watching my retirement dwindle away to nothing...

Trocisp · 04-30-2008, 10:24 PM

Investing in foreign currency.

For prudent investors, it almost doesn't matter how the market goes....

Some people just always walk away with a fat wad of cash...

11-12-2007, 11:11 PM	#1
Jake Sr. Member Join Date: Aug 2005 Posts: 6,612 Grams: 36,876.49 Thanks: 337 Thanked 991 Times in 599 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: -1.000%	Market's crashing, what is everyone doing about it? My POT stock which had been making me a lot, 21% in the last month or so. Sold it all today with only a 3% gain. Citi says e-trade might go bankrupt. A lot of economists are saying that we're entering or are already in a recession. I'm holding on to my Gold stocks for now. It only took a 7% hit today and I'm thinking of a rally tomorrow. The precious metal market isn't that comparable to the Dow Jones average. I'll hold for a little bit... __________________

11-12-2007, 11:26 PM	#2
Darque Pervert Jive Honkey Join Date: Feb 2006 Posts: 5,639 Grams: 24,775.40 Thanks: 270 Thanked 774 Times in 480 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: -1.000%	Historically, over the long-term, the stock market (specifically, the DJIA) has gone up in value roughly 12% per year. That includes the crash in '29, Black Monday in '87, the bursting of the dot-com bubble and even more recent downturns. ImageJIA historical graph (log).svg - Wikipedia, the free encyclopedia Now, if you're out to make a quick buck in the stock market, this doesn't help you one bit. If you want to make money in the stock market, buy stocks and hold them. Don't panic every time the market drops, even if it's a big drop. Large companies WILL rebound and continue business. Their stock price will rise again. __________________ Life is always a spiral. It's the choices of the individual as to whether that spiral is aimed up or down. Marijuana.com Posting Guidelines - Read them! Love them! Live by them! Search - It's how information gets found! Don't know how to search? Learn the art of searching! Please play the Google Images Game! Last edited by Darque Pervert : 11-12-2007 at 11:34 PM.

11-12-2007, 11:34 PM	#3
pkster8235 Lazy Dancer Join Date: Jun 2007 Posts: 2,592 Grams: 22,937.97 Thanks: 766 Thanked 721 Times in 504 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	I have the Google stock.. which is up roughly 20% since I bought it. It's been down lately, but I am hoping things pick up. I am going to do some more investing soon too __________________ We treat mishaps like sinking ships and I know that I don't want to be out to drift..

11-26-2007, 04:20 PM	#5
SpiralArchitect The Cosmic Chronic Join Date: Dec 2006 Posts: 6,861 Grams: 53,853.22 Thanks: 5,020 Thanked 3,991 Times in 2,033 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: -1.000%	Yeah I noticed it as well. My stocks here are doing shitty, but oh well. I invest with Edward Jones and currently my investments were doing really good, but I haven't checked on them in a few days. I really doubt there is too much a difference in them. It does worry me though, I have potential to lose alot of money. __________________ . . Posting Guidelines ~ The Art of Searching ~ Drug Testing ~ Drug War Headlines ~ Fuck Combustion ~ The Garden's Cure ~ Marijuana Chat~ ShowMeTheFacts

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