How many thousands of $$ did you lose this year? - Page 5

Esther · #41 11-21-2008, 08:01 PM

Stocks are a gamble, maybe not quite as much as the lottery.

BrotherEastman · #42 11-21-2008, 08:18 PM

Well, since all of the earth is His and the fullness thereof I haven't lost anything as I am an heir to the king.

RandyWayne · #43 11-21-2008, 08:46 PM

We haven't lost anything yet...... Our home value has gone down a tiny bit, but we also bought it in April when things have close to bottomed out here in Mesa.

Neck · #44 11-21-2008, 09:25 PM

Quote:

Originally Posted by BrotherEastman

Well, since all of the earth is His and the fullness thereof I haven't lost anything as I am an heir to the king.

I have heard it put this way.

Those who had nothing.... well they can't lose anything..

Revelationist · #45 11-22-2008, 06:07 AM

Nothings been lost until you sell... what goes up must come down and what goes down will eventually come back up again. Sell when it's high and buy when it's low...

StillStanding · #46 11-22-2008, 07:21 AM

I'm amazed at the amount of people on this forum that have bought into the buy and hold concept! That works in a bull market, but not in a bear or sideways market which we will probably be in for the next five or six years.

If those of you that have 401ks would have moved your money from mutual funds to government money or money market within your 401k at the first sign of recession, you would have saved thousands upon thousands of dollars. When the market bottoms out (I don't believe we have seen the bottom yet!), move your money back to mutual funds and enjoy the ride up!

rgcraig · #47 11-22-2008, 07:46 AM

Quote:

Originally Posted by Neck

I have heard it put this way.

Those who had nothing.... well they can't lose anything..

Or those who had nothing.....have everything to gain!

ILG · #48 11-22-2008, 08:11 AM

Quote:

Originally Posted by Mr. Steinway

I'm amazed at the amount of people on this forum that have bought into the buy and hold concept! That works in a bull market, but not in a bear or sideways market which we will probably be in for the next five or six years.

If those of you that have 401ks would have moved your money from mutual funds to government money or money market within your 401k at the first sign of recession, you would have saved thousands upon thousands of dollars. When the market bottoms out (I don't believe we have seen the bottom yet!), move your money back to mutual funds and enjoy the ride up!

I'll send this to my husband and see what he says.