Stupid Effing Stock Market

[Ripsnort]

Originally posted by Lance
Look at the bright side, Udie.  You are young and you can make back whatever you wind up losing.  The people who are hosed are those that are near-retirement age and older that have lost a lifetime of savings.

not if they invested it wisely, ...wisely is the key word...transferring funds to bonds, slower growth but lower risk, etc.  My dad did this, he's not hurting.

Put all your eggs in one basket, and drop that basket, you're gonna have yoke on your face.

[Curval]

Originally posted by Ripsnort


not if they invested it wisely, ...wisely is the key word...transferring funds to bonds, slower growth but lower risk, etc.  My dad did this, he's not hurting.

My father laughs at the stock market.

He has one client that gave him $5million to invest for him about 25 years ago.

My old-man put it all into AAA rated bonds...mostly zero-coupon.  Today the portfolio is worth in excess of $80million.

I have seen some of the figures, including the fact that some of the bonds he is holding now are earning 8-9% interest due to the time at which they were purchsed.

[Wlfgng]

just like we said... it takes money to make money.

[Karnak]

I don't even look at my 401K statements anymore.  I'm young, the market will go back up.  I just have to wait.  Until it does, looking at my statements will only be depressing.

Hang in there Udie.

[Udie]

Come on guys!  I already told you I want to go Joe Pescie over this!!!    You guys better start egging me on or somebody's gonna get stabbed in the neck with a pen!!!

[Mickey1992]

Originally posted by Mickey1992
If anyone has any extra $$$ lying around, put it all in Wendy's stock.  I predict a 33% return within 12 months.  (It closed at 31.91 yesterday, I will check this thread in a year).

I was wrong.  It only went up 21%.  It's trading at 38.60 today.

[gofaster]

Just to stir the pot a bit...

Anybody notice that when the major companies took advantage of a change in government policy that allowed big corporations to do away with the traditional pension plans in favor of cash-balance 401(k) plans, that the sudden growth of investment dollars (since the workers had to put their retirement money somewhere) fueled a lot of the dot-com company growth, and that the resulting bust of the dot-com revolution and the loss of said retirement money caused many workers to save instead of invest, contributing to the econominc downturn we're experience right now?

Just think, if your company had a pension plan, you wouldn't be sweating over your 401(k) quite so bad.

[SOB]

Originally posted by Udie
Come on guys!  I already told you I want to go Joe Pescie over this!!!    You guys better start egging me on or somebody's gonna get stabbed in the neck with a pen!!!

You're pathetic, and now so is your 401K.  Because of your 401K administrator, you're going to die homeless and penny-less and you aren't gonna be able to catch anything but baby panfish for the rest of your days because that same administrator is funding companies who are polluting texas waterways and killing off all the lunkers!  Kill, Udie, get it out of your system...you know he deserves it!  

[Scootter]

Time in the market is the thing, check it out.


http://custom.marketwatch.com/custom/earthlink-net/interactive-chart.asp?osymb=DJIA&symb=DJIA&sid=1643&time=20&uf=0&comp=



Just keep at it and stay spread over many good funds, don't try to time the market.

Remember your 401k is before tax so you lower your tax burden and get more savings for the dollor. You should try to max out your 401 percentage if you can, and any matching funds are like free money.

Just keep at it and don't worry about it unless you have less then 5 years to retairment then you should start looking at preservation of your founds and not growth.

[gofaster]

The trick is knowing which companies will still be around when you get ready to cash in, and whether they'll be paying out dividends.

Studebaker, anyone?

MCI/Worldcomm?

Enron, perhaps?

Even the big ones fall.  Too bad we don't have pensions to fall back on.  At least a fixed income is guaranteed, even if the cost of living isn't.

[Gunthr]

"Casino" scene at the bar - that was one vicious attack - reminds me of Weasel maybe MiniD

[drone]

Originally posted by Udie
Everything I've put in my 401k since July is fek'n gone!  Not only that but the damn thing is worth $1000 less than it was at my 1st quarterly statemen

 I guess one day all this stock I'm buying will be worth something,  I hope...

 Somebodly please explain this 401k economic thing to me.  I think I was stupid and had them put it all in to one fund and didn't "diversify".

 If I put a list up here of our available funds could/would one of you people that are lightyears smarter than I please tell me which fund(s) you would put your stuff into?

 I'm tired of spinning my wheels....

There are not any set plans that are 100% foolproof --diversification though is the way to do it..... The stock market will go back up --right now I'm buying like crazy--it either goes up or it crashes, period. Technoligies and energy are usually the strongest investments to choose--healthcare sometimes is but the way that industry is going I have very little in it anymore. The best thing to do is learn about it. that will be your strongest option in the future..knowledge is the key and you either have to trust someone to do it for you (sic) or learn yourself..Only you can plan for your economic future though IMO......

[BB Gun]

fire your 401K manager.  Or use an indexed fund.

DJI, 6 month chart:

(about a 15% increase)

S&P500, 6 month chart:

(about a  10% increase)

Nasdaq, 6 month chart:

(nearly 25% increase in NASDAQ)

BB

[Curval]

BB..check the date of the original post.

[BB Gun]

ROFL!

DOH!  

Well, udie?  whattaya say now? Betcha ya made a bunch of it back, if not more.  

BB