me myself
2007-03-03 02:31:49 · 8 answers · asked by the bee man 4 in Business & Finance ➔ Investing
Don't panic...... over the years, the stockmarket has gone up & down like a prostitute's knickers all the time, only to recover again..... just a matter of holding your nerve, and using it as an opportunity to invest in a few extra shares of companies you're sure are good enough to come back strongly over time.
2007-03-03 11:05:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You pension hasn't necessarily gone bang. Warren Buffet Arguably the worlds best investor is quoted as saying "if you can't stand to see the value of your portfolio halved overnight don't invest in stocks"
Those who follow the matrix trading system will know that Feb 27th was forecast as a major market turning point. The markets came off a lot on tuesday, but selling steadied toward the end of the week.Most forecasters and commentators who are NOT TRADERS hence talk **** on tv shows like Bloomberg and CNBC are giving mixed reports.
Me personally, I wouldn't touch a pension fund, for the following reasons.
1. Most pension funds invest in "safe" "steady" stocks....Tell me a safe and steady stock after tuesday ??
2. Most balanced funds are very rigid in what they are allowed and not allowed to do. E.G When markets are falling they are not allowed to sell short.
3. Most fund managers pick up extreme salaries on very poor performance, again quoting Warren Buffet "the croupiers take is often way over the odds in a lot of these funds"
4. Not all funds are bad, but I believe you should measure a fund against a benchmark such as the FTSE. If the FTSE gains 11% over a year and your Fund grows by 9% over the same period. Net Net you are actually off side by 2%.
5. ALWAYS REMEMBER that 90% of the time the FAST MONEY makes the MONEY. That is people who get in when the going is good, and pull out when the going is bad, then reinvest when the going gets good again. YOUR PENSION FUND WILL NOT DO THIS. Your PENSION is tied up with all the movements up and down.
2007-03-03 03:10:48 · answer #2 · answered by ceydababy 2 · 2⤊ 1⤋
Why is it that people are such panic prone idiots and lose all sense of reality at the drop of a pin?
The stock market falls a couple of % points and they think their pensions are gone.
N Korea makes a couple of dummy rockets and they think it will launch them at the US full of gun powder (?) and commit suicide.
Iran is 10 years away from building an H-bomb and they think it will attack the US and Israel and every one else in sight. In fact she attacked no one since invading ancient Greece, 600 BC. It is the US who made the first bomb and used it and Israel that attacked Iran a few years ago without them retaliating.
So dudes and dudets, hold on to your sanity and stop looking for doom in your future and of people to hate.
2007-03-03 10:48:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
You can make a lot of money when the markets are down too.
Drop me a line if you need more detailed FREE information.
Top 3 Answerer.
2007-03-03 08:57:12 · answer #4 · answered by Anonymous · 1⤊ 2⤋
You thought they were a good investment at a higher price so you should definatly be buying more at these levels.
2007-03-03 05:52:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Don't panic - they'll probably go up again! And down again - just spread the risk, as they say.
2007-03-03 02:35:04 · answer #6 · answered by mad 7 · 1⤊ 0⤋
Hang in there; they go down, they go up. Given your age and how close you are to retirement, is your portfolio properly allocated?
2007-03-03 02:40:17 · answer #7 · answered by Rob D 5 · 3⤊ 2⤋
pull it all and invest it in a property
2007-03-03 02:34:11 · answer #8 · answered by Barry 2 · 1⤊ 2⤋