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Old 11-12-2007, 10:11 PM   #1
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Default 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...
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Old 11-12-2007, 10:26 PM   #2
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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.
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Last edited by Darque Pervert : 11-12-2007 at 10:34 PM.
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Old 11-12-2007, 10:34 PM   #3
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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
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Old 11-26-2007, 01:16 PM   #4
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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...
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Old 11-26-2007, 03:20 PM   #5
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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.
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Old 04-17-2008, 03:13 PM   #6
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Quote:
Originally Posted by Darque Pervert View Post
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.
Thats the truth.
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Old 04-17-2008, 03:35 PM   #7
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Where do you invest?
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Old 04-18-2008, 04:10 AM   #8
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Quote:
Originally Posted by pkster8235 View Post
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 .
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Old 04-30-2008, 07:46 PM   #9
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Quote:
Market's crashing, what is everyone doing about it?
I am watching my retirement dwindle away to nothing...
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Old 04-30-2008, 09:24 PM   #10
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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...
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