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Author Topic: Keep Spending in This Situation?  (Read 308 times)

Offline Halo

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Keep Spending in This Situation?
« on: October 10, 2008, 05:45:54 PM »
This is only about finances, not politics, so what if anything are you doing differently at this stage of the financial crisis?  Moving funds around?  Hunkering down?  Rethinking anything special?  Cancelling any plans?  Making any new plans? 

I have a trip coming up that I'm wondering if I should postpone.  But the guidance after 9/11 was keep spending and acting normal.  Does that apply in the current situation? 
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Offline Maverick

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Re: Keep Spending in This Situation?
« Reply #1 on: October 10, 2008, 06:40:16 PM »
Most of my investments were already set so they are not in a day trader situation. What I have done is reduce my debt (ie credit cards to zero) using some minor savings which were not getting a decent interest rate anyhow. Otherwise it's sit tight and wait for the rebound. I do wish I had an additional $20k to sink into the market now but that's not going to happen.
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Offline DREDIOCK

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Re: Keep Spending in This Situation?
« Reply #2 on: October 10, 2008, 07:35:10 PM »
The best thing to do right now is not to panic.
And dont watch that lunatic on MSNBC. LOL

I wish I had money to buy into the market right now.
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Offline REP0MAN

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Re: Keep Spending in This Situation?
« Reply #3 on: October 10, 2008, 08:01:59 PM »
My 401k statement came the other day. It wasn't pretty. But I too am not in the day trader stocks. I am in long term, safer investments. I would love to have about 20-30k to put in the market right now as well.

I was thinking of buying a new truck after Christmas but now I'm thinking about a car. Thats the only thing I've changed.

:aok
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Offline Chalenge

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Re: Keep Spending in This Situation?
« Reply #4 on: October 10, 2008, 08:31:37 PM »
I think its a good time to buy INTC TXN KO... Right now I am looking at buying stocks that are still holding the values they had from two years ago and things I see as having a market advantage when things turn around.
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Offline Reschke

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Re: Keep Spending in This Situation?
« Reply #5 on: October 10, 2008, 09:32:03 PM »
Only wishing that I had the money to buy more in some stocks that are falling like a rock that just got dropped. Otherwise my sporting clay/skeet shooting place is on hold until I can absolutely guarantee that I will get the loan I need for it to start up.
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